RENAUFIN: 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.
RENAUFIN
Largest movements
- Receivables within one year -€17,142
down €17,142 (-77.6%), from €22,100 to €4,958
of which Other amounts receivable: -€18,835
- Tangible fixed assets -€10,804
down €10,804 (-5.2%), from €208,935 to €198,131
of which Land and buildings: -€6,722
- Cash +€7,658
up €7,658 (+7.0%), from €109,160 to €116,819
mainly Receivables within one year (+€17,142) and Other debts (+€10,751)
- Reserves -€25,338
down €25,338 (-10.0%), from €254,400 to €229,062
- Other debts +€10,751
up €10,751 (+30.8%), from €34,952 to €45,703
- Advances received -€5,366
no longer reported in 2026 (was €5,366)
- Tax, wage and social debts -€3,932
down €3,932 (-72.2%), from €5,445 to €1,513
- Trade debts +€3,598
up €3,598 (+1592.1%), from €226 to €3,824
- Gross operating margin -€13,931
down €13,931, from €7,811 to -€6,120
- Taxes +€1,421
up €1,421 (+27.2%), from €5,229 to €6,651
- Financial charges -€392
down €392 (-54.3%), from €722 to €330
- Depreciation -€205
down €205 (-2.1%), from €9,754 to €9,549
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €340,270 | €319,982 | -€20,288 | -6.0% |
| Fixed assets | 21/28 | €209,010 | €198,206 | -€10,804 | -5.2% |
| Tangible fixed assets | 22/27 | €208,935 | €198,131 | -€10,804 | -5.2% |
| Land and buildings | 22 | €195,373 | €188,651 | -€6,722 | -3.4% |
| Plant, machinery and equipment | 23 | €2,114 | €1,174 | -€940 | -44.5% |
| Furniture and vehicles | 24 | €11,448 | €8,306 | -€3,142 | -27.4% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €131,260 | €121,777 | -€9,484 | -7.2% |
| Amounts receivable within one year | 40/41 | €22,100 | €4,958 | -€17,142 | -77.6% |
| Trade receivables | 40 | €2,100 | €3,793 | +€1,693 | +80.6% |
| Other amounts receivable | 41 | €20,000 | €1,165 | -€18,835 | -94.2% |
| Cash at bank and in hand | 54/58 | €109,160 | €116,819 | +€7,658 | +7.0% |
| Total equity and liabilities | 10/49 | €340,270 | €319,982 | -€20,288 | -6.0% |
| Equity | 10/15 | €260,600 | €235,262 | -€25,338 | -9.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €254,400 | €229,062 | -€25,338 | -10.0% |
| Distributable reserves | 133 | €254,400 | €229,062 | -€25,338 | -10.0% |
| Provisions and deferred taxes | 16 | €33,681 | €33,681 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €33,681 | €33,681 | = | 0.0% |
| Pensions and similar obligations | 160 | €33,681 | €33,681 | = | 0.0% |
| Amounts payable | 17/49 | €45,990 | €51,040 | +€5,051 | +11.0% |
| Amounts payable within one year | 42/48 | €45,990 | €51,040 | +€5,051 | +11.0% |
| Trade debts | 44 | €226 | €3,824 | +€3,598 | +1592.1% |
| Suppliers | 440/4 | €226 | €3,824 | +€3,598 | +1592.1% |
| Advances received on contracts in progress | 46 | €5,366 | - | -€5,366 | |
| Taxes, remuneration and social security | 45 | €5,445 | €1,513 | -€3,932 | -72.2% |
| Taxes | 450/3 | €5,445 | €1,513 | -€3,932 | -72.2% |
| Other amounts payable | 47/48 | €34,952 | €45,703 | +€10,751 | +30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,754 | €9,549 | -€205 | -2.1% |
| Other operating charges | 640/8 | €1,390 | €1,434 | +€44 | +3.2% |
| Non-recurring operating charges | 66A | - | €1,255 | +€1,255 | |
| Gross operating margin | 9900 | €7,811 | -€6,120 | -€13,931 | |
| Operating profit (loss) | 9901 | -€3,332 | -€18,358 | -€15,025 | -450.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €722 | €330 | -€392 | -54.3% |
| Recurring financial charges | 65 | €722 | €330 | -€392 | -54.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,054 | -€18,688 | -€14,633 | -360.9% |
| Income taxes | 67/77 | €5,229 | €6,651 | +€1,421 | +27.2% |
| Profit (loss) for the period | 9904 | -€9,284 | -€25,338 | -€16,054 | -172.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,284 | -€25,338 | -€16,054 | -172.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.