RENAUX Projectontwikkeling: 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.
RENAUX Projectontwikkeling
Largest movements
- Stocks and contracts +€362,728
up €362,728 (+391%), from €92,880 to €455,608
- Tangible fixed assets +€196,040
up €196,040 (+35.6%), from €550,916 to €746,956
of which Furniture and vehicles: +€192,189
- Receivables within one year +€70,582
up €70,582 (+163%), from €43,381 to €113,963
of which Trade receivables: +€60,237
- Cash +€34,965
up €34,965 (+26.1%), from €134,065 to €169,030
mainly Short-term financial debts (+€425,000) and Trade debts (+€126,123)
- Short-term financial debts +€425,000
new in 2025: €425,000
- Trade debts +€126,123
up €126,123 (+101%), from €125,004 to €251,127
- Debts after one year +€124,031
up €124,031 (+28.7%), from €431,901 to €555,932
of which Financial debts: +€132,516
- Reserves +€41,865
up €41,865 (+282%), from €14,835 to €56,700
- Other debts -€40,709
down €40,709 (-41.1%), from €98,939 to €58,230
- Gross operating margin +€28,211
up €28,211 (+36.7%), from €76,950 to €105,162
- Financial charges -€14,495
down €14,495 (-32.5%), from €44,663 to €30,168
- Taxes +€10,405
up €10,405 (+254%), from €4,096 to €14,501
- Depreciation +€5,289
up €5,289 (+43.4%), from €12,174 to €17,463
- Financial income +€4,619
new in 2025: €4,619
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.
Derived cash bridge
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 | €824,070 | €1,493,479 | +€669,410 | +81.2% |
| Fixed assets | 21/28 | €550,916 | €746,956 | +€196,040 | +35.6% |
| Tangible fixed assets | 22/27 | €550,916 | €746,956 | +€196,040 | +35.6% |
| Land and buildings | 22 | €491,654 | €496,546 | +€4,892 | +1.0% |
| Furniture and vehicles | 24 | €55,659 | €247,848 | +€192,189 | +345% |
| Other tangible fixed assets | 26 | €3,603 | €2,561 | -€1,042 | -28.9% |
| Current assets | 29/58 | €273,154 | €746,524 | +€473,370 | +173% |
| Stocks and contracts in progress | 3 | €92,880 | €455,608 | +€362,728 | +391% |
| Stocks | 30/36 | €92,880 | €455,608 | +€362,728 | +391% |
| Amounts receivable within one year | 40/41 | €43,381 | €113,963 | +€70,582 | +163% |
| Trade receivables | 40 | €22,402 | €82,638 | +€60,237 | +269% |
| Other amounts receivable | 41 | €20,979 | €31,324 | +€10,345 | +49.3% |
| Cash at bank and in hand | 54/58 | €134,065 | €169,030 | +€34,965 | +26.1% |
| Deferred charges and accrued income | 490/1 | €2,828 | €7,923 | +€5,095 | +180% |
| Total equity and liabilities | 10/49 | €824,070 | €1,493,479 | +€669,410 | +81.2% |
| Equity | 10/15 | €15,835 | €57,700 | +€41,865 | +264% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €14,835 | €56,700 | +€41,865 | +282% |
| Non-distributable reserves | 130/1 | €14,835 | €56,700 | +€41,865 | +282% |
| Other | 1319 | €14,835 | €56,700 | +€41,865 | +282% |
| Amounts payable | 17/49 | €808,234 | €1,435,779 | +€627,545 | +77.6% |
| Amounts payable after more than one year | 17 | €431,901 | €555,932 | +€124,031 | +28.7% |
| Financial debts | 170/4 | €323,416 | €455,932 | +€132,516 | +41.0% |
| Other amounts payable | 178/9 | €108,485 | €100,000 | -€8,485 | -7.8% |
| Amounts payable within one year | 42/48 | €376,333 | €879,848 | +€503,514 | +134% |
| Current portion of amounts payable after more than one year | 42 | €28,226 | €59,077 | +€30,851 | +109% |
| Financial debts | 43 | - | €425,000 | +€425,000 | |
| Credit institutions | 430/8 | - | €425,000 | +€425,000 | |
| Trade debts | 44 | €125,004 | €251,127 | +€126,123 | +101% |
| Suppliers | 440/4 | €125,004 | €251,127 | +€126,123 | +101% |
| Taxes, remuneration and social security | 45 | €124,164 | €86,414 | -€37,750 | -30.4% |
| Taxes | 450/3 | €118,344 | €86,414 | -€31,930 | -27.0% |
| Remuneration and social security | 454/9 | €5,820 | - | -€5,820 | |
| Other amounts payable | 47/48 | €98,939 | €58,230 | -€40,709 | -41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,174 | €17,463 | +€5,289 | +43.4% |
| Other operating charges | 640/8 | €3,746 | €5,784 | +€2,038 | +54.4% |
| Gross operating margin | 9900 | €76,950 | €105,162 | +€28,211 | +36.7% |
| Operating profit (loss) | 9901 | €61,030 | €81,914 | +€20,885 | +34.2% |
| Financial income | 75/76B | - | €4,619 | +€4,619 | |
| Recurring financial income | 75 | - | €4,619 | +€4,619 | |
| Financial charges | 65/66B | €44,663 | €30,168 | -€14,495 | -32.5% |
| Recurring financial charges | 65 | €44,663 | €30,168 | -€14,495 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €16,367 | €56,365 | +€39,998 | +244% |
| Income taxes | 67/77 | €4,096 | €14,501 | +€10,405 | +254% |
| Profit (loss) for the period | 9904 | €12,271 | €41,865 | +€29,593 | +241% |
| Profit (loss) for the period to be appropriated | 9905 | €12,271 | €41,865 | +€29,593 | +241% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.