RENATEC: what changed
Two financial 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.
RENATEC
Largest movements
- Cash -€58,460
down €58,460 (-48.0%), from €121,746 to €63,287
mainly Other debts (-€69,790) and Tax, wage and social debts (-€4,265)
- Tangible fixed assets -€7,965
down €7,965 (-4.9%), from €160,949 to €152,984
of which Land and buildings: -€6,375
- Receivables within one year +€4,007
up €4,007 (+33.8%), from €11,866 to €15,873
of which Trade receivables: +€4,272
- Other debts -€69,790
down €69,790 (-80.9%), from €86,309 to €16,519
- Reserves +€15,644
up €15,644 (+8.4%), from €185,337 to €200,982
- Tax, wage and social debts -€4,265
down €4,265 (-34.7%), from €12,305 to €8,040
of which Remuneration and social security: -€4,120
- Trade debts -€3,362
down €3,362 (-76.2%), from €4,411 to €1,048
- Gross operating margin +€8,046
up €8,046 (+34.9%), from €23,030 to €31,075
- Taxes +€2,448
up €2,448 (+62.8%), from €3,901 to €6,349
- Depreciation -€772
down €772 (-8.8%), from €8,737 to €7,965
- Other operating charges -€461
down €461 (-25.3%), from €1,823 to €1,363
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €294,562 | €232,789 | -€61,773 | -21.0% |
| Fixed assets | 21/28 | €160,949 | €152,984 | -€7,965 | -4.9% |
| Tangible fixed assets | 22/27 | €160,949 | €152,984 | -€7,965 | -4.9% |
| Land and buildings | 22 | €157,250 | €150,875 | -€6,375 | -4.1% |
| Plant, machinery and equipment | 23 | €2,321 | €1,650 | -€671 | -28.9% |
| Furniture and vehicles | 24 | €1,378 | €459 | -€920 | -66.7% |
| Current assets | 29/58 | €133,613 | €79,805 | -€53,808 | -40.3% |
| Amounts receivable within one year | 40/41 | €11,866 | €15,873 | +€4,007 | +33.8% |
| Trade receivables | 40 | €11,601 | €15,873 | +€4,272 | +36.8% |
| Other amounts receivable | 41 | €265 | €0 | -€265 | -100.0% |
| Cash at bank and in hand | 54/58 | €121,746 | €63,287 | -€58,460 | -48.0% |
| Deferred charges and accrued income | 490/1 | - | €645 | +€645 | |
| Total equity and liabilities | 10/49 | €294,562 | €232,789 | -€61,773 | -21.0% |
| Equity | 10/15 | €191,537 | €207,182 | +€15,644 | +8.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €185,337 | €200,982 | +€15,644 | +8.4% |
| Distributable reserves | 133 | €185,337 | €200,982 | +€15,644 | +8.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €103,024 | €25,607 | -€77,417 | -75.1% |
| Amounts payable within one year | 42/48 | €103,024 | €25,607 | -€77,417 | -75.1% |
| Trade debts | 44 | €4,411 | €1,048 | -€3,362 | -76.2% |
| Suppliers | 440/4 | €4,411 | €1,048 | -€3,362 | -76.2% |
| Taxes, remuneration and social security | 45 | €12,305 | €8,040 | -€4,265 | -34.7% |
| Taxes | 450/3 | €6,125 | €5,980 | -€145 | -2.4% |
| Remuneration and social security | 454/9 | €6,180 | €2,060 | -€4,120 | -66.7% |
| Other amounts payable | 47/48 | €86,309 | €16,519 | -€69,790 | -80.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,737 | €7,965 | -€772 | -8.8% |
| Other operating charges | 640/8 | €1,823 | €1,363 | -€461 | -25.3% |
| Gross operating margin | 9900 | €23,030 | €31,075 | +€8,046 | +34.9% |
| Operating profit (loss) | 9901 | €12,469 | €21,747 | +€9,278 | +74.4% |
| Financial income | 75/76B | €552 | €562 | +€10 | +1.7% |
| Recurring financial income | 75 | €552 | €562 | +€10 | +1.7% |
| Financial charges | 65/66B | €402 | €316 | -€86 | -21.3% |
| Recurring financial charges | 65 | €402 | €316 | -€86 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €12,619 | €21,993 | +€9,374 | +74.3% |
| Income taxes | 67/77 | €3,901 | €6,349 | +€2,448 | +62.8% |
| Profit (loss) for the period | 9904 | €8,719 | €15,644 | +€6,925 | +79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,719 | €15,644 | +€6,925 | +79.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.