RENDAC: 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.
What changed
RENDAC
NACE 10.410, Manufacture of food products
fiscal year 2024 against 2026filed annual accounts (NBB)
Net result for the year
€4.2m
2024 · €4.2m+€30,303
Equity
€18.9m
2024 · €14.6m+€4.2m
Cash
€2,866
2024 · €2,953-€87
Balance sheet total
€53.1m
2024 · €59.2m-€6.1m
Largest movements
Assets
- Receivables within one year -€4.1m
down €4.1m (-12.5%), from €32.8m to €28.7m
of which Other amounts receivable: -€5.5m
- Tangible fixed assets -€1.7m
down €1.7m (-7.6%), from €22.4m to €20.7m
of which Plant, machinery and equipment: -€1.9m
Equity and liabilities
- Other debts -€10.0m
down €10.0m (-99.2%), from €10.1m to €82,858
- Profit (loss) carried forward +€4.2m
up €4.2m (+124.9%), from €3.4m to €7.6m
Income statement
- Turnover +€2.7m
up €2.7m (+3.2%), from €84.1m to €86.9m
- Goods and materials +€2.7m
up €2.7m (+8.0%), from €33.6m to €36.3m
of which Purchases: +€2.9m
- Services and other goods -€872,119
down €872,119 (-3.2%), from €26.9m to €26.1m
From the 2024 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.
Result 2024
€4.2m
Turnover
+€2.7m
Other operating income
-€49,509
Goods and materials
-€2.7m
Services and other goods
+€872,119
Staff costs
-€330,864
Depreciation
-€295,186
Write-downs
+€239,729
Other operating charges
+€165,645
Other operating items
-€437,541
Financial income
-€397,079
Financial charges
+€206,316
Taxes
+€8,534
Result 2026
€4.2m
Cash bridge derived
Derived from the 2024 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.2m
Investment
-€1.2m
Financing
€0
Cash 2024
€2,953
From operations (derived)
+€1.2m
Net result for the year
+€4.2m
Depreciation
+€3.0m
Stocks and contracts
+€398,585
Receivables within one year
+€4.1m
Deferred charges and accrued income
-€193,839
Trade debts
-€485,585
Tax, wage and social debts
+€167,406
Other debts
-€10.0m
Accrued charges and deferred income
+€2,293
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Cash 2026
€2,866
Every line side by side
| Line | Code | 2024 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,190,836 | €53,132,549 | -€6.1m | -10.2% |
| Fixed assets | 21/28 | €22,494,836 | €20,741,712 | -€1.8m | -7.8% |
| Intangible fixed assets | 21 | €51,274 | - | -€51,274 | |
| Tangible fixed assets | 22/27 | €22,418,561 | €20,716,711 | -€1.7m | -7.6% |
| Land and buildings | 22 | €5,434,856 | €4,907,215 | -€527,641 | -9.7% |
| Plant, machinery and equipment | 23 | €15,877,479 | €14,008,755 | -€1.9m | -11.8% |
| Furniture and vehicles | 24 | €834,105 | €588,383 | -€245,722 | -29.5% |
| Assets under construction and advance payments | 27 | €272,121 | €1,212,357 | +€940,236 | +345.5% |
| Financial fixed assets | 28 | €25,001 | €25,001 | = | 0.0% |
| Affiliated companies | 280/1 | €182 | €182 | = | 0.0% |
| Participating interests | 280 | €182 | €182 | = | 0.0% |
| Other financial fixed assets | 284/8 | €24,819 | €24,819 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €24,819 | €24,819 | = | 0.0% |
| Current assets | 29/58 | €36,696,000 | €32,390,838 | -€4.3m | -11.7% |
| Stocks and contracts in progress | 3 | €3,497,040 | €3,098,455 | -€398,585 | -11.4% |
| Stocks | 30/36 | €3,497,040 | €3,098,455 | -€398,585 | -11.4% |
| Raw materials and consumables | 30/31 | €1,768,889 | €1,850,669 | +€81,780 | +4.6% |
| Finished goods | 33 | €1,728,151 | €1,247,785 | -€480,365 | -27.8% |
| Amounts receivable within one year | 40/41 | €32,814,334 | €28,714,006 | -€4.1m | -12.5% |
| Trade receivables | 40 | €9,044,639 | €10,401,404 | +€1.4m | +15.0% |
| Other amounts receivable | 41 | €23,769,695 | €18,312,602 | -€5.5m | -23.0% |
| Cash at bank and in hand | 54/58 | €2,953 | €2,866 | -€87 | -2.9% |
| Deferred charges and accrued income | 490/1 | €381,673 | €575,511 | +€193,839 | +50.8% |
| Total equity and liabilities | 10/49 | €59,190,836 | €53,132,549 | -€6.1m | -10.2% |
| Equity | 10/15 | €14,640,733 | €18,871,302 | +€4.2m | +28.9% |
| Contributions | 10/11 | €2,478,935 | €2,478,935 | = | 0.0% |
| Reserves | 13 | €8,775,480 | €8,775,480 | = | 0.0% |
| Non-distributable reserves | 130/1 | €252,431 | €252,431 | = | 0.0% |
| Reserves not available under the articles | 1311 | €252,431 | €252,431 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,434,472 | €2,434,472 | = | 0.0% |
| Distributable reserves | 133 | €6,088,577 | €6,088,577 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,386,318 | €7,616,887 | +€4.2m | +124.9% |
| Amounts payable | 17/49 | €44,550,102 | €34,261,247 | -€10.3m | -23.1% |
| Amounts payable after more than one year | 17 | €15,000,000 | €15,000,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000,000 | €15,000,000 | = | 0.0% |
| Other loans | 174 | €15,000,000 | €15,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,507,711 | €19,216,562 | -€10.3m | -34.9% |
| Trade debts | 44 | €15,764,071 | €15,278,486 | -€485,585 | -3.1% |
| Suppliers | 440/4 | €15,764,071 | €15,278,486 | -€485,585 | -3.1% |
| Taxes, remuneration and social security | 45 | €3,687,812 | €3,855,218 | +€167,406 | +4.5% |
| Taxes | 450/3 | €486,464 | €572,851 | +€86,386 | +17.8% |
| Remuneration and social security | 454/9 | €3,201,348 | €3,282,367 | +€81,020 | +2.5% |
| Other amounts payable | 47/48 | €10,055,828 | €82,858 | -€10.0m | -99.2% |
| Accrued charges and deferred income | 492/3 | €42,392 | €44,685 | +€2,293 | +5.4% |
| Operating income | 70/76A | €83,674,123 | €86,431,116 | +€2.8m | +3.3% |
| Turnover | 70 | €84,146,503 | €86,872,382 | +€2.7m | +3.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€571,988 | -€480,365 | +€91,623 | +16.0% |
| Other operating income | 74 | €88,608 | €39,099 | -€49,509 | -55.9% |
| Non-recurring operating income | 76A | €11,000 | - | -€11,000 | |
| Operating charges | 60/66A | €77,973,378 | €80,517,838 | +€2.5m | +3.3% |
| Goods for resale, raw materials and consumables | 60 | €33,639,814 | €36,317,554 | +€2.7m | +8.0% |
| Purchases | 600/8 | €33,595,335 | €36,471,818 | +€2.9m | +8.6% |
| Change in stocks: decrease (increase) | 609 | €44,479 | -€154,265 | -€198,744 | |
| Services and other goods | 61 | €26,929,397 | €26,057,278 | -€872,119 | -3.2% |
| Remuneration, social security and pensions | 62 | €12,702,468 | €13,033,333 | +€330,864 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,688,657 | €2,983,843 | +€295,186 | +11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €291,332 | €51,604 | -€239,729 | -82.3% |
| Other operating charges | 640/8 | €1,721,709 | €1,556,064 | -€165,645 | -9.6% |
| Non-recurring operating charges | 66A | - | €518,163 | +€518,163 | |
| Operating profit (loss) | 9901 | €5,700,745 | €5,913,278 | +€212,533 | +3.7% |
| Financial income | 75/76B | €932,407 | €535,328 | -€397,079 | -42.6% |
| Recurring financial income | 75 | €932,407 | €535,328 | -€397,079 | -42.6% |
| Income from current assets | 751 | €904,393 | €521,285 | -€383,109 | -42.4% |
| Other financial income | 752/9 | €28,014 | €14,044 | -€13,970 | -49.9% |
| Financial charges | 65/66B | €876,099 | €669,783 | -€206,316 | -23.5% |
| Recurring financial charges | 65 | €876,099 | €669,783 | -€206,316 | -23.5% |
| Debt charges | 650 | €862,747 | €655,304 | -€207,442 | -24.0% |
| Other financial charges | 652/9 | €13,352 | €14,478 | +€1,127 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €5,757,053 | €5,778,823 | +€21,770 | +0.4% |
| Income taxes | 67/77 | €1,556,788 | €1,548,254 | -€8,534 | -0.5% |
| Taxes | 670/3 | €1,568,483 | €1,557,015 | -€11,469 | -0.7% |
| Tax adjustments and reversals of tax provisions | 77 | €11,696 | €8,761 | -€2,935 | -25.1% |
| Profit (loss) for the period | 9904 | €4,200,265 | €4,230,569 | +€30,303 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,200,265 | €4,230,569 | +€30,303 | +0.7% |
Source: filed annual accounts (NBB), fiscal years ended 28 December 2024 and 3 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.