RENCOGNA: 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.
RENCOGNA
Largest movements
- Receivables within one year +€18,140
up €18,140 (+934.7%), from €1,941 to €20,081
of which Trade receivables: +€16,183
- Cash -€14,333
down €14,333 (-19.1%), from €74,890 to €60,556
mainly Receivables within one year (-€18,140) and Investment in fixed assets (net) (-€15,381)
- Profit (loss) carried forward +€20,663
up €20,663 (+38.6%), from €53,529 to €74,191
- Debts after one year -€9,576
down €9,576 (-27.7%), from €34,571 to €24,995
- Tax, wage and social debts -€9,568
down €9,568 (-40.5%), from €23,642 to €14,074
- Trade debts +€3,567
up €3,567 (+397.4%), from €898 to €4,465
- Gross operating margin -€35,162
down €35,162 (-44.0%), from €79,927 to €44,765
- Taxes -€8,430
down €8,430 (-59.7%), from €14,114 to €5,684
- Depreciation +€7,725
up €7,725 (+104.3%), from €7,404 to €15,130
- Staff costs -€1,779
down €1,779 (-51.8%), from €3,435 to €1,656
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 | €124,482 | €129,801 | +€5,319 | +4.3% |
| Fixed assets | 21/28 | €47,452 | €47,704 | +€252 | +0.5% |
| Tangible fixed assets | 22/27 | €47,152 | €47,404 | +€252 | +0.5% |
| Plant, machinery and equipment | 23 | €2,720 | €2,106 | -€614 | -22.6% |
| Furniture and vehicles | 24 | €44,433 | €45,298 | +€865 | +1.9% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €77,030 | €82,097 | +€5,067 | +6.6% |
| Amounts receivable within one year | 40/41 | €1,941 | €20,081 | +€18,140 | +934.7% |
| Trade receivables | 40 | - | €16,183 | +€16,183 | |
| Other amounts receivable | 41 | €1,941 | €3,898 | +€1,957 | +100.8% |
| Cash at bank and in hand | 54/58 | €74,890 | €60,556 | -€14,333 | -19.1% |
| Deferred charges and accrued income | 490/1 | €199 | €1,460 | +€1,261 | +632.7% |
| Total equity and liabilities | 10/49 | €124,482 | €129,801 | +€5,319 | +4.3% |
| Equity | 10/15 | €56,029 | €76,691 | +€20,663 | +36.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,529 | €74,191 | +€20,663 | +38.6% |
| Amounts payable | 17/49 | €68,453 | €53,110 | -€15,344 | -22.4% |
| Amounts payable after more than one year | 17 | €34,571 | €24,995 | -€9,576 | -27.7% |
| Financial debts | 170/4 | €34,571 | €24,995 | -€9,576 | -27.7% |
| Amounts payable within one year | 42/48 | €33,883 | €28,114 | -€5,768 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €9,343 | €9,576 | +€233 | +2.5% |
| Trade debts | 44 | €898 | €4,465 | +€3,567 | +397.4% |
| Suppliers | 440/4 | €898 | €4,465 | +€3,567 | +397.4% |
| Taxes, remuneration and social security | 45 | €23,642 | €14,074 | -€9,568 | -40.5% |
| Taxes | 450/3 | €23,642 | €14,074 | -€9,568 | -40.5% |
| Remuneration, social security and pensions | 62 | €3,435 | €1,656 | -€1,779 | -51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,404 | €15,130 | +€7,725 | +104.3% |
| Other operating charges | 640/8 | €324 | €64 | -€260 | -80.3% |
| Gross operating margin | 9900 | €79,927 | €44,765 | -€35,162 | -44.0% |
| Operating profit (loss) | 9901 | €68,763 | €27,915 | -€40,848 | -59.4% |
| Financial income | 75/76B | €62 | €184 | +€122 | +196.2% |
| Recurring financial income | 75 | €62 | €184 | +€122 | +196.2% |
| Financial charges | 65/66B | €1,183 | €1,753 | +€570 | +48.2% |
| Recurring financial charges | 65 | €1,183 | €1,753 | +€570 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €67,643 | €26,347 | -€41,296 | -61.0% |
| Income taxes | 67/77 | €14,114 | €5,684 | -€8,430 | -59.7% |
| Profit (loss) for the period | 9904 | €53,529 | €20,663 | -€32,866 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,529 | €20,663 | -€32,866 | -61.4% |
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 3 October 2026 via checked.be.