RENERCO: what changed
RENERCO
Largest movements
- Tangible fixed assets +€19,463
up €19,463 (+444%), from €4,386 to €23,849
of which Plant, machinery and equipment: +€19,589
- Cash +€9,662
up €9,662 (+85.5%), from €11,298 to €20,961
mainly Net result for the year (+€26,128) and Trade debts (+€6,607)
- Receivables within one year +€7,038
up €7,038 (+807%), from €872 to €7,911
of which Trade receivables: +€7,166
- Deferred charges and accrued income +€942
new in 2025: €942
- Profit (loss) carried forward +€26,128
up €26,128, from -€3,808 to €22,320
- Trade debts +€6,607
up €6,607 (+6,825%), from €97 to €6,703
- Tax, wage and social debts +€4,074
new in 2025: €4,074
- Gross operating margin +€39,403
up €39,403, from -€5,224 to €34,179
- Taxes +€4,070
new in 2025: €4,070
- Depreciation +€1,349
up €1,349 (+57.6%), from €2,344 to €3,693
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,304 | €55,112 | +€36,808 | +201% |
| Fixed assets | 21/28 | €4,386 | €23,899 | +€19,513 | +445% |
| Tangible fixed assets | 22/27 | €4,386 | €23,849 | +€19,463 | +444% |
| Plant, machinery and equipment | 23 | €4,185 | €23,774 | +€19,589 | +468% |
| Furniture and vehicles | 24 | €201 | €74 | -€126 | -62.9% |
| Financial fixed assets | 28 | - | €50 | +€50 | |
| Current assets | 29/58 | €13,918 | €31,214 | +€17,295 | +124% |
| Stocks and contracts in progress | 3 | €1,748 | €1,400 | -€348 | -19.9% |
| Stocks | 30/36 | €1,748 | €1,400 | -€348 | -19.9% |
| Amounts receivable within one year | 40/41 | €872 | €7,911 | +€7,038 | +807% |
| Trade receivables | 40 | €398 | €7,564 | +€7,166 | +1,802% |
| Other amounts receivable | 41 | €475 | €347 | -€128 | -26.9% |
| Cash at bank and in hand | 54/58 | €11,298 | €20,961 | +€9,662 | +85.5% |
| Deferred charges and accrued income | 490/1 | - | €942 | +€942 | |
| Total equity and liabilities | 10/49 | €18,304 | €55,112 | +€36,808 | +201% |
| Equity | 10/15 | €18,192 | €44,320 | +€26,128 | +144% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,808 | €22,320 | +€26,128 | |
| Amounts payable | 17/49 | €112 | €10,792 | +€10,680 | +9,553% |
| Amounts payable within one year | 42/48 | €112 | €10,792 | +€10,680 | +9,553% |
| Trade debts | 44 | €97 | €6,703 | +€6,607 | +6,825% |
| Suppliers | 440/4 | €97 | €6,703 | +€6,607 | +6,825% |
| Taxes, remuneration and social security | 45 | - | €4,074 | +€4,074 | |
| Taxes | 450/3 | - | €4,074 | +€4,074 | |
| Other amounts payable | 47/48 | €15 | €15 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,344 | €3,693 | +€1,349 | +57.6% |
| Other operating charges | 640/8 | - | €248 | +€248 | |
| Gross operating margin | 9900 | -€5,224 | €34,179 | +€39,403 | |
| Operating profit (loss) | 9901 | -€7,568 | €30,238 | +€37,805 | |
| Financial income | 75/76B | €11 | €15 | +€4 | +38.3% |
| Recurring financial income | 75 | €11 | €15 | +€4 | +38.3% |
| Financial charges | 65/66B | €54 | €54 | +€0 | +0.3% |
| Recurring financial charges | 65 | €54 | €54 | +€0 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,611 | €30,198 | +€37,809 | |
| Income taxes | 67/77 | - | €4,070 | +€4,070 | |
| Profit (loss) for the period | 9904 | -€7,611 | €26,128 | +€33,739 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,611 | €26,128 | +€33,739 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.