RENELEC: 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.
RENELEC
Largest movements
- Cash +€591
up €591 (+59100.0%), from €1 to €592
mainly Other debts (+€2,124) and Receivables within one year (+€533)
- Receivables within one year -€533
down €533 (-4.6%), from €11,465 to €10,932
of which Other amounts receivable: -€533
- Tangible fixed assets +€265
up €265 (+64.5%), from €411 to €676
of which Furniture and vehicles: +€586
- Other debts +€2,124
up €2,124 (+6247.1%), from €34 to €2,158
- Profit (loss) carried forward -€1,638
down €1,638 (-17.2%), from -€9,533 to -€11,171
- Trade debts -€175
no longer reported in 2025 (was €175)
- Gross operating margin -€1,608
down €1,608, from €1,564 to -€44
- Depreciation -€879
down €879 (-64.0%), from €1,374 to €495
- Other operating charges +€22
up €22 (+2.7%), from €809 to €831
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 | €11,947 | €12,270 | +€323 | +2.7% |
| Fixed assets | 21/28 | €411 | €676 | +€265 | +64.5% |
| Tangible fixed assets | 22/27 | €411 | €676 | +€265 | +64.5% |
| Plant, machinery and equipment | 23 | €411 | €90 | -€321 | -78.1% |
| Furniture and vehicles | 24 | - | €586 | +€586 | |
| Current assets | 29/58 | €11,536 | €11,594 | +€58 | +0.5% |
| Amounts receivable within one year | 40/41 | €11,465 | €10,932 | -€533 | -4.6% |
| Trade receivables | 40 | €10,479 | €10,479 | = | 0.0% |
| Other amounts receivable | 41 | €986 | €453 | -€533 | -54.1% |
| Current investments | 50/53 | €70 | €70 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1 | €592 | +€591 | +59100.0% |
| Total equity and liabilities | 10/49 | €11,947 | €12,270 | +€323 | +2.7% |
| Equity | 10/15 | €10,927 | €9,289 | -€1,638 | -15.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,533 | -€11,171 | -€1,638 | -17.2% |
| Amounts payable | 17/49 | €1,020 | €2,981 | +€1,961 | +192.3% |
| Amounts payable within one year | 42/48 | €633 | €2,581 | +€1,948 | +307.7% |
| Trade debts | 44 | €175 | - | -€175 | |
| Suppliers | 440/4 | €175 | - | -€175 | |
| Taxes, remuneration and social security | 45 | €424 | €423 | -€1 | -0.2% |
| Taxes | 450/3 | €424 | €423 | -€1 | -0.2% |
| Other amounts payable | 47/48 | €34 | €2,158 | +€2,124 | +6247.1% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€13 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,374 | €495 | -€879 | -64.0% |
| Other operating charges | 640/8 | €809 | €831 | +€22 | +2.7% |
| Gross operating margin | 9900 | €1,564 | -€44 | -€1,608 | |
| Operating profit (loss) | 9901 | -€619 | -€1,370 | -€751 | -121.3% |
| Financial charges | 65/66B | €55 | €54 | -€1 | -1.8% |
| Recurring financial charges | 65 | €55 | €54 | -€1 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€674 | -€1,424 | -€750 | -111.3% |
| Income taxes | 67/77 | €210 | €214 | +€4 | +1.9% |
| Profit (loss) for the period | 9904 | -€884 | -€1,638 | -€754 | -85.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€884 | -€1,638 | -€754 | -85.3% |
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 12 October 2026 via checked.be.