Renatex: 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.
Renatex
Largest movements
- Cash -€86,665
down €86,665 (-34.7%), from €249,762 to €163,097
mainly Investment in fixed assets (net) (-€87,982) and Receivables within one year (-€56,591)
- Receivables within one year +€56,591
up €56,591 (+38.2%), from €148,083 to €204,674
of which Trade receivables: +€67,935
- Stocks and contracts +€49,366
up €49,366 (+42.5%), from €116,286 to €165,652
of which Contracts in progress: +€55,974
- Tangible fixed assets +€26,704
up €26,704 (+3.6%), from €736,839 to €763,543
of which Furniture and vehicles: +€59,308
- Reserves +€74,501
up €74,501 (+18.9%), from €394,127 to €468,627
of which Distributable reserves: +€74,501
- Debts after one year -€26,469
down €26,469 (-5.0%), from €533,326 to €506,857
of which Financial debts: -€26,469
- Other debts -€19,657
down €19,657 (-49.9%), from €39,431 to €19,775
- Current portion of long-term debt +€15,307
up €15,307 (+24.2%), from €63,217 to €78,523
- Depreciation +€16,059
up €16,059 (+32.8%), from €48,984 to €65,043
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 | €1,268,168 | €1,306,894 | +€38,725 | +3.1% |
| Fixed assets | 21/28 | €744,418 | €767,357 | +€22,939 | +3.1% |
| Intangible fixed assets | 21 | €7,579 | €3,814 | -€3,765 | -49.7% |
| Tangible fixed assets | 22/27 | €736,839 | €763,543 | +€26,704 | +3.6% |
| Land and buildings | 22 | €720,003 | €684,017 | -€35,986 | -5.0% |
| Plant, machinery and equipment | 23 | €9,930 | €13,311 | +€3,382 | +34.1% |
| Furniture and vehicles | 24 | €6,906 | €66,214 | +€59,308 | +858.8% |
| Current assets | 29/58 | €523,750 | €539,537 | +€15,787 | +3.0% |
| Stocks and contracts in progress | 3 | €116,286 | €165,652 | +€49,366 | +42.5% |
| Stocks | 30/36 | €64,015 | €57,406 | -€6,609 | -10.3% |
| Contracts in progress | 37 | €52,272 | €108,246 | +€55,974 | +107.1% |
| Amounts receivable within one year | 40/41 | €148,083 | €204,674 | +€56,591 | +38.2% |
| Trade receivables | 40 | €135,676 | €203,611 | +€67,935 | +50.1% |
| Other amounts receivable | 41 | €12,407 | €1,063 | -€11,344 | -91.4% |
| Cash at bank and in hand | 54/58 | €249,762 | €163,097 | -€86,665 | -34.7% |
| Deferred charges and accrued income | 490/1 | €9,619 | €6,114 | -€3,505 | -36.4% |
| Total equity and liabilities | 10/49 | €1,268,168 | €1,306,894 | +€38,725 | +3.1% |
| Equity | 10/15 | €481,397 | €555,898 | +€74,501 | +15.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €25,271 | €25,271 | = | 0.0% |
| Reserves | 13 | €394,127 | €468,627 | +€74,501 | +18.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €387,927 | €462,427 | +€74,501 | +19.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €786,771 | €750,996 | -€35,775 | -4.5% |
| Amounts payable after more than one year | 17 | €533,326 | €506,857 | -€26,469 | -5.0% |
| Financial debts | 170/4 | €333,326 | €306,857 | -€26,469 | -7.9% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €230,991 | €226,509 | -€4,482 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €63,217 | €78,523 | +€15,307 | +24.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €57,030 | €62,611 | +€5,581 | +9.8% |
| Suppliers | 440/4 | €57,030 | €62,611 | +€5,581 | +9.8% |
| Taxes, remuneration and social security | 45 | €71,313 | €65,600 | -€5,713 | -8.0% |
| Taxes | 450/3 | €32,266 | €26,982 | -€5,284 | -16.4% |
| Remuneration and social security | 454/9 | €39,047 | €38,618 | -€428 | -1.1% |
| Other amounts payable | 47/48 | €39,431 | €19,775 | -€19,657 | -49.9% |
| Accrued charges and deferred income | 492/3 | €22,454 | €17,629 | -€4,825 | -21.5% |
| Non-recurring operating income | 76A | - | €2,397 | +€2,397 | |
| Remuneration, social security and pensions | 62 | €276,033 | €276,601 | +€568 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,984 | €65,043 | +€16,059 | +32.8% |
| Other operating charges | 640/8 | €10,216 | €6,480 | -€3,735 | -36.6% |
| Gross operating margin | 9900 | €481,085 | €479,808 | -€1,277 | -0.3% |
| Operating profit (loss) | 9901 | €145,853 | €131,684 | -€14,169 | -9.7% |
| Financial income | 75/76B | €2,177 | €1,333 | -€845 | -38.8% |
| Recurring financial income | 75 | €2,177 | €1,333 | -€845 | -38.8% |
| Financial charges | 65/66B | €28,417 | €26,213 | -€2,204 | -7.8% |
| Recurring financial charges | 65 | €28,417 | €26,213 | -€2,204 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €119,613 | €106,804 | -€12,809 | -10.7% |
| Income taxes | 67/77 | €36,035 | €31,470 | -€4,565 | -12.7% |
| Profit (loss) for the period | 9904 | €83,578 | €75,334 | -€8,244 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €83,578 | €75,334 | -€8,244 | -9.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.