RENCA: 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.
RENCA
Largest movements
- Tangible fixed assets -€11,837
down €11,837 (-20.2%), from €58,460 to €46,623
of which Other tangible fixed assets: -€7,187
- Stocks and contracts -€10,924
down €10,924 (-30.4%), from €35,944 to €25,020
- Receivables within one year +€9,954
up €9,954 (+8.4%), from €119,073 to €129,027
of which Trade receivables: +€9,254
- Reserves +€102,819
up €102,819 (+1144.5%), from €8,984 to €111,803
of which Distributable reserves: +€102,819
- Profit (loss) carried forward -€74,096
down €74,096 (-100.0%), from €74,096 to €0
- Trade debts -€31,859
down €31,859 (-42.9%), from €74,255 to €42,396
- Debts after one year -€12,469
down €12,469 (-51.7%), from €24,104 to €11,634
- Tax, wage and social debts +€4,531
up €4,531 (+48.6%), from €9,332 to €13,863
of which Taxes: +€3,446
- Gross operating margin +€21,581
up €21,581 (+25.2%), from €85,677 to €107,258
- Financial charges -€1,748
down €1,748 (-24.7%), from €7,079 to €5,330
- Taxes +€1,740
up €1,740 (+16.0%), from €10,878 to €12,617
- Staff costs +€1,101
up €1,101 (+2.6%), from €42,970 to €44,071
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 | €234,577 | €223,366 | -€11,211 | -4.8% |
| Fixed assets | 21/28 | €58,460 | €46,623 | -€11,837 | -20.2% |
| Tangible fixed assets | 22/27 | €58,460 | €46,623 | -€11,837 | -20.2% |
| Land and buildings | 22 | €30,201 | €27,445 | -€2,756 | -9.1% |
| Plant, machinery and equipment | 23 | €15,155 | €13,633 | -€1,522 | -10.0% |
| Furniture and vehicles | 24 | €520 | €149 | -€372 | -71.4% |
| Other tangible fixed assets | 26 | €12,583 | €5,396 | -€7,187 | -57.1% |
| Current assets | 29/58 | €176,117 | €176,743 | +€626 | +0.4% |
| Stocks and contracts in progress | 3 | €35,944 | €25,020 | -€10,924 | -30.4% |
| Stocks | 30/36 | €35,944 | €25,020 | -€10,924 | -30.4% |
| Amounts receivable within one year | 40/41 | €119,073 | €129,027 | +€9,954 | +8.4% |
| Trade receivables | 40 | €95,581 | €104,835 | +€9,254 | +9.7% |
| Other amounts receivable | 41 | €23,492 | €24,192 | +€700 | +3.0% |
| Current investments | 50/53 | €280 | €280 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,102 | €18,868 | +€767 | +4.2% |
| Deferred charges and accrued income | 490/1 | €2,720 | €3,549 | +€829 | +30.5% |
| Total equity and liabilities | 10/49 | €234,577 | €223,366 | -€11,211 | -4.8% |
| Equity | 10/15 | €89,280 | €118,003 | +€28,723 | +32.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €8,984 | €111,803 | +€102,819 | +1144.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €8,984 | €111,803 | +€102,819 | +1144.5% |
| Profit (loss) carried forward | 14 | €74,096 | €0 | -€74,096 | -100.0% |
| Amounts payable | 17/49 | €145,298 | €105,363 | -€39,935 | -27.5% |
| Amounts payable after more than one year | 17 | €24,104 | €11,634 | -€12,469 | -51.7% |
| Financial debts | 170/4 | €24,104 | €11,634 | -€12,469 | -51.7% |
| Amounts payable within one year | 42/48 | €121,194 | €93,728 | -€27,466 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €7,607 | €7,469 | -€138 | -1.8% |
| Financial debts | 43 | €30,000 | €30,000 | = | 0.0% |
| Credit institutions | 430/8 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €74,255 | €42,396 | -€31,859 | -42.9% |
| Suppliers | 440/4 | €74,255 | €42,396 | -€31,859 | -42.9% |
| Taxes, remuneration and social security | 45 | €9,332 | €13,863 | +€4,531 | +48.6% |
| Taxes | 450/3 | €5,626 | €9,072 | +€3,446 | +61.3% |
| Remuneration and social security | 454/9 | €3,706 | €4,791 | +€1,084 | +29.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €42,970 | €44,071 | +€1,101 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,243 | €12,918 | -€325 | -2.5% |
| Other operating charges | 640/8 | €4,385 | €3,601 | -€784 | -17.9% |
| Gross operating margin | 9900 | €85,677 | €107,258 | +€21,581 | +25.2% |
| Operating profit (loss) | 9901 | €25,080 | €46,669 | +€21,588 | +86.1% |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €7,079 | €5,330 | -€1,748 | -24.7% |
| Recurring financial charges | 65 | €7,079 | €5,330 | -€1,748 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €18,002 | €41,341 | +€23,339 | +129.6% |
| Income taxes | 67/77 | €10,878 | €12,617 | +€1,740 | +16.0% |
| Profit (loss) for the period | 9904 | €7,124 | €28,723 | +€21,600 | +303.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,124 | €28,723 | +€21,600 | +303.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.