RENASCO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
RENASCO
Largest movements
- Receivables within one year +€76,509
up €76,509 (+64.3%), from €118,949 to €195,457
of which Other amounts receivable: +€61,544
- Cash -€18,247
down €18,247 (-78.0%), from €23,400 to €5,153
mainly Receivables within one year (-€76,509) and Accrued charges and deferred income (-€12,045)
- Deferred charges and accrued income -€6,282
down €6,282 (-66.1%), from €9,504 to €3,221
- Tangible fixed assets +€5,058
up €5,058 (+526.2%), from €961 to €6,019
of which Plant, machinery and equipment: +€5,399
- Trade debts +€48,913
up €48,913 (+50.9%), from €96,103 to €145,016
- Reserves +€32,478
up €32,478 (+632.9%), from €5,131 to €37,609
- Accrued charges and deferred income -€12,045
down €12,045 (-100.0%), from €12,045 to €0
- Tax, wage and social debts -€7,533
down €7,533 (-36.9%), from €20,389 to €12,856
of which Remuneration and social security: -€17,319
- Other debts -€4,145
down €4,145 (-100.0%), from €4,145 to €0
- Gross operating margin +€61,801
up €61,801 (+375.6%), from €16,454 to €78,255
- Financial charges +€21,726
up €21,726 (+330.7%), from €6,569 to €28,295
- Taxes +€7,939
up €7,939 (+322.9%), from €2,458 to €10,397
- Other operating charges +€3,691
up €3,691 (+109.3%), from €3,376 to €7,067
- Depreciation +€2,679
up €2,679 (+4276.5%), from €63 to €2,742
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,813 | €210,481 | +€57,668 | +37.7% |
| Fixed assets | 21/28 | €961 | €6,649 | +€5,688 | +591.7% |
| Tangible fixed assets | 22/27 | €961 | €6,019 | +€5,058 | +526.2% |
| Plant, machinery and equipment | 23 | - | €5,399 | +€5,399 | |
| Furniture and vehicles | 24 | €961 | €620 | -€341 | -35.5% |
| Financial fixed assets | 28 | - | €630 | +€630 | |
| Current assets | 29/58 | €151,852 | €203,831 | +€51,980 | +34.2% |
| Amounts receivable within one year | 40/41 | €118,949 | €195,457 | +€76,509 | +64.3% |
| Trade receivables | 40 | €93,719 | €108,684 | +€14,965 | +16.0% |
| Other amounts receivable | 41 | €25,230 | €86,773 | +€61,544 | +243.9% |
| Cash at bank and in hand | 54/58 | €23,400 | €5,153 | -€18,247 | -78.0% |
| Deferred charges and accrued income | 490/1 | €9,504 | €3,221 | -€6,282 | -66.1% |
| Total equity and liabilities | 10/49 | €152,813 | €210,481 | +€57,668 | +37.7% |
| Equity | 10/15 | €20,131 | €52,609 | +€32,478 | +161.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €5,131 | €37,609 | +€32,478 | +632.9% |
| Distributable reserves | 133 | €5,131 | €37,609 | +€32,478 | +632.9% |
| Amounts payable | 17/49 | €132,682 | €157,872 | +€25,190 | +19.0% |
| Amounts payable within one year | 42/48 | €120,637 | €157,872 | +€37,235 | +30.9% |
| Trade debts | 44 | €96,103 | €145,016 | +€48,913 | +50.9% |
| Suppliers | 440/4 | €96,103 | €145,016 | +€48,913 | +50.9% |
| Taxes, remuneration and social security | 45 | €20,389 | €12,856 | -€7,533 | -36.9% |
| Taxes | 450/3 | €3,070 | €12,856 | +€9,786 | +318.8% |
| Remuneration and social security | 454/9 | €17,319 | €0 | -€17,319 | -100.0% |
| Other amounts payable | 47/48 | €4,145 | €0 | -€4,145 | -100.0% |
| Accrued charges and deferred income | 492/3 | €12,045 | €0 | -€12,045 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63 | €2,742 | +€2,679 | +4276.5% |
| Other operating charges | 640/8 | €3,376 | €7,067 | +€3,691 | +109.3% |
| Gross operating margin | 9900 | €16,454 | €78,255 | +€61,801 | +375.6% |
| Operating profit (loss) | 9901 | €13,015 | €68,446 | +€55,430 | +425.9% |
| Financial income | 75/76B | €1,143 | €2,724 | +€1,581 | +138.3% |
| Recurring financial income | 75 | €1,143 | €2,724 | +€1,581 | +138.3% |
| Financial charges | 65/66B | €6,569 | €28,295 | +€21,726 | +330.7% |
| Recurring financial charges | 65 | €6,569 | €28,295 | +€21,726 | +330.7% |
| Profit (loss) for the period before taxes | 9903 | €7,590 | €42,875 | +€35,285 | +464.9% |
| Income taxes | 67/77 | €2,458 | €10,397 | +€7,939 | +322.9% |
| Profit (loss) for the period | 9904 | €5,131 | €32,478 | +€27,346 | +532.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,131 | €32,478 | +€27,346 | +532.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.