RENEGA: 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.
RENEGA
Largest movements
- Stocks and contracts +€367,732
up €367,732 (+35.7%), from €1.0m to €1.4m
- Short-term financial debts +€403,753
up €403,753 (+71.9%), from €561,490 to €965,243
- Profit (loss) carried forward -€49,840
down €49,840 (-87.6%), from -€56,869 to -€106,709
- Trade debts -€44,770
down €44,770 (-82.9%), from €54,018 to €9,248
- Other debts +€40,444
up €40,444 (+22.3%), from €181,055 to €221,500
- Financial charges +€32,007
up €32,007 (+221.1%), from €14,479 to €46,487
- Other operating charges -€4,042
down €4,042 (-87.3%), from €4,631 to €589
- Gross operating margin +€2,398
up €2,398 (+53.9%), from -€4,446 to -€2,048
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 | €1,070,375 | €1,419,963 | +€349,587 | +32.7% |
| Fixed assets | 21/28 | €1,212 | €495 | -€717 | -59.2% |
| Tangible fixed assets | 22/27 | €1,212 | €495 | -€717 | -59.2% |
| Furniture and vehicles | 24 | €1,212 | €495 | -€717 | -59.2% |
| Current assets | 29/58 | €1,069,164 | €1,419,468 | +€350,304 | +32.8% |
| Stocks and contracts in progress | 3 | €1,030,822 | €1,398,554 | +€367,732 | +35.7% |
| Stocks | 30/36 | €1,030,822 | €1,398,554 | +€367,732 | +35.7% |
| Amounts receivable within one year | 40/41 | €24,759 | €20,831 | -€3,928 | -15.9% |
| Trade receivables | 40 | €19,435 | €4,166 | -€15,269 | -78.6% |
| Other amounts receivable | 41 | €5,324 | €16,665 | +€11,341 | +213.0% |
| Cash at bank and in hand | 54/58 | €13,516 | €16 | -€13,500 | -99.9% |
| Deferred charges and accrued income | 490/1 | €67 | €67 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,070,375 | €1,419,963 | +€349,587 | +32.7% |
| Equity | 10/15 | €273,812 | €223,972 | -€49,840 | -18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €312,081 | €312,081 | = | 0.0% |
| Distributable reserves | 133 | €312,081 | €312,081 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,869 | -€106,709 | -€49,840 | -87.6% |
| Amounts payable | 17/49 | €796,563 | €1,195,990 | +€399,427 | +50.1% |
| Amounts payable within one year | 42/48 | €796,563 | €1,195,990 | +€399,427 | +50.1% |
| Financial debts | 43 | €561,490 | €965,243 | +€403,753 | +71.9% |
| Credit institutions | 430/8 | €561,490 | €965,243 | +€403,753 | +71.9% |
| Trade debts | 44 | €54,018 | €9,248 | -€44,770 | -82.9% |
| Suppliers | 440/4 | €54,018 | €9,248 | -€44,770 | -82.9% |
| Other amounts payable | 47/48 | €181,055 | €221,500 | +€40,444 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €717 | €717 | = | 0.0% |
| Other operating charges | 640/8 | €4,631 | €589 | -€4,042 | -87.3% |
| Gross operating margin | 9900 | -€4,446 | -€2,048 | +€2,398 | +53.9% |
| Operating profit (loss) | 9901 | -€9,793 | -€3,354 | +€6,440 | +65.8% |
| Financial income | 75/76B | €12 | €1 | -€11 | -94.1% |
| Recurring financial income | 75 | €12 | €1 | -€11 | -94.1% |
| Financial charges | 65/66B | €14,479 | €46,487 | +€32,007 | +221.1% |
| Recurring financial charges | 65 | €14,479 | €46,487 | +€32,007 | +221.1% |
| Profit (loss) for the period before taxes | 9903 | -€24,261 | -€49,840 | -€25,579 | -105.4% |
| Profit (loss) for the period | 9904 | -€24,261 | -€49,840 | -€25,579 | -105.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,261 | -€49,840 | -€25,579 | -105.4% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.