Renewi: what changed
What changed
Renewi
NACE 38.330, Waste collection, recovery and disposal activities
filed annual accounts (NBB)
Net result for the year
-€3.6m
2025 · €4.1m-€7.8m
Equity
€133.2m
2025 · €136.9m-€3.7m
Cash
€368,883
2025 · €232,643+€136,240
Balance sheet total
€365.0m
2025 · €344.5m+€20.5m
Largest movements
Assets
- Receivables after one year +€18.9m
up €18.9m (+28.0%), from €67.6m to €86.5m
- Intangible fixed assets -€8.6m
down €8.6m (-21.9%), from €39.2m to €30.6m
- Receivables within one year +€4.3m
up €4.3m (+6.4%), from €67.7m to €72.1m
of which Trade receivables: +€9.8m
Equity and liabilities
- Trade debts +€11.5m
up €11.5m (+20.0%), from €57.3m to €68.7m
- Other debts +€6.5m
up €6.5m (+13.5%), from €48.2m to €54.7m
- Accrued charges and deferred income +€5.4m
up €5.4m (+22.9%), from €23.7m to €29.2m
Income statement
- Staff costs +€10.6m
up €10.6m (+10.4%), from €102.0m to €112.7m
- Other operating income +€7.8m
up €7.8m (+48.2%), from €16.3m to €24.1m
- Depreciation +€7.4m
up €7.4m (+49.9%), from €14.9m to €22.3m
- Goods and materials +€5.8m
up €5.8m (+91.3%), from €6.4m to €12.2m
of which Purchases: +€4.5m
- Services and other goods -€5.3m
down €5.3m (-1.8%), from €286.2m to €280.9m
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€4.1m
Turnover
+€4.2m
Other operating income
+€7.8m
Goods and materials
-€5.8m
Services and other goods
+€5.3m
Staff costs
-€10.6m
Depreciation
-€7.4m
Write-downs
-€425,961
Provisions
+€1.8m
Other operating charges
-€688,640
Other operating items
-€485,322
Financial income
-€3.0m
Financial charges
+€3.1m
Taxes
-€1.7m
Deferred taxes and other
+€5,490
Result 2026
-€3.6m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€19.5m
Investment
-€19.3m
Financing
-€20,982
Cash 2025
€232,643
From operations (derived)
+€19.5m
Net result for the year
-€3.6m
Depreciation
+€22.3m
Receivables after one year
-€18.9m
Stocks and contracts
-€66,300
Receivables within one year
-€4.3m
Deferred charges and accrued income
+€12,381
Provisions
-€1.1m
Trade debts
+€11.5m
Tax, wage and social debts
+€1.9m
Other debts
+€6.5m
Accrued charges and deferred income
+€5.4m
Investment (derived)
-€19.3m
Investment in fixed assets (net)
-€19.5m
Current investments
+€194,015
Financing
-€20,982
Contributions, distributions and other
-€20,982
Cash 2026
€368,883
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €344,511,454 | €364,987,459 | +€20.5m | +5.9% |
| Formation expenses | 20 | €2,918 | €2,457 | -€461 | -15.8% |
| Fixed assets | 21/28 | €204,037,162 | €201,266,639 | -€2.8m | -1.4% |
| Intangible fixed assets | 21 | €39,162,352 | €30,584,950 | -€8.6m | -21.9% |
| Tangible fixed assets | 22/27 | €93,329,448 | €96,061,727 | +€2.7m | +2.9% |
| Land and buildings | 22 | €35,718,743 | €35,572,479 | -€146,264 | -0.4% |
| Plant, machinery and equipment | 23 | €42,262,174 | €46,374,236 | +€4.1m | +9.7% |
| Furniture and vehicles | 24 | €6,933,624 | €9,649,559 | +€2.7m | +39.2% |
| Other tangible fixed assets | 26 | €1,160,819 | €942,525 | -€218,295 | -18.8% |
| Assets under construction and advance payments | 27 | €7,254,088 | €3,522,929 | -€3.7m | -51.4% |
| Financial fixed assets | 28 | €71,545,361 | €74,619,962 | +€3.1m | +4.3% |
| Affiliated companies | 280/1 | €70,272,037 | €73,270,663 | +€3.0m | +4.3% |
| Participating interests | 280 | €70,272,037 | €73,270,663 | +€3.0m | +4.3% |
| Other financial fixed assets | 284/8 | €1,273,324 | €1,349,299 | +€75,975 | +6.0% |
| Shares | 284 | €1,117,755 | €1,117,755 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €155,568 | €231,543 | +€75,975 | +48.8% |
| Current assets | 29/58 | €140,471,373 | €163,718,363 | +€23.2m | +16.5% |
| Amounts receivable after more than one year | 29 | €67,585,373 | €86,522,459 | +€18.9m | +28.0% |
| Other amounts receivable | 291 | €67,585,373 | €86,522,459 | +€18.9m | +28.0% |
| Stocks and contracts in progress | 3 | €2,880,606 | €2,946,906 | +€66,300 | +2.3% |
| Stocks | 30/36 | €2,880,606 | €2,946,906 | +€66,300 | +2.3% |
| Raw materials and consumables | 30/31 | €2,880,606 | €2,946,906 | +€66,300 | +2.3% |
| Amounts receivable within one year | 40/41 | €67,747,121 | €72,060,880 | +€4.3m | +6.4% |
| Trade receivables | 40 | €47,489,934 | €57,300,202 | +€9.8m | +20.7% |
| Other amounts receivable | 41 | €20,257,187 | €14,760,679 | -€5.5m | -27.1% |
| Current investments | 50/53 | €1,388,914 | €1,194,899 | -€194,015 | -14.0% |
| Other investments | 51/53 | €1,388,914 | €1,194,899 | -€194,015 | -14.0% |
| Cash at bank and in hand | 54/58 | €232,643 | €368,883 | +€136,240 | +58.6% |
| Deferred charges and accrued income | 490/1 | €636,717 | €624,336 | -€12,381 | -1.9% |
| Total equity and liabilities | 10/49 | €344,511,454 | €364,987,459 | +€20.5m | +5.9% |
| Equity | 10/15 | €136,853,635 | €133,191,299 | -€3.7m | -2.7% |
| Contributions | 10/11 | €12,218,798 | €12,218,798 | = | 0.0% |
| Capital | 10 | €12,218,798 | €12,218,798 | = | 0.0% |
| Issued capital | 100 | €12,218,798 | €12,218,798 | = | 0.0% |
| Reserves | 13 | €43,002,748 | €42,893,605 | -€109,143 | -0.3% |
| Non-distributable reserves | 130/1 | €6,234,366 | €6,234,366 | = | 0.0% |
| Legal reserve | 130 | €6,234,366 | €6,234,366 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,768,382 | €36,659,238 | -€109,143 | -0.3% |
| Profit (loss) carried forward | 14 | €81,610,334 | €78,078,123 | -€3.5m | -4.3% |
| Investment grants | 15 | €21,755 | €774 | -€20,982 | -96.4% |
| Provisions and deferred taxes | 16 | €4,059,583 | €2,950,257 | -€1.1m | -27.3% |
| Provisions for liabilities and charges | 160/5 | €3,805,309 | €2,739,358 | -€1.1m | -28.0% |
| Environmental obligations | 163 | €2,372,973 | €1,930,390 | -€442,582 | -18.7% |
| Other liabilities and charges | 164/5 | €1,432,336 | €808,968 | -€623,368 | -43.5% |
| Deferred taxes | 168 | €254,274 | €210,899 | -€43,375 | -17.1% |
| Amounts payable | 17/49 | €203,598,236 | €228,845,904 | +€25.2m | +12.4% |
| Amounts payable after more than one year | 17 | €42,500,000 | €42,500,000 | = | 0.0% |
| Financial debts | 170/4 | €42,500,000 | €42,500,000 | = | 0.0% |
| Other loans | 174 | €42,500,000 | €42,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €137,363,170 | €157,185,718 | +€19.8m | +14.4% |
| Trade debts | 44 | €57,254,780 | €68,714,708 | +€11.5m | +20.0% |
| Suppliers | 440/4 | €57,254,780 | €68,714,708 | +€11.5m | +20.0% |
| Taxes, remuneration and social security | 45 | €31,889,514 | €33,759,126 | +€1.9m | +5.9% |
| Taxes | 450/3 | €10,444,833 | €17,716,557 | +€7.3m | +69.6% |
| Remuneration and social security | 454/9 | €21,444,680 | €16,042,569 | -€5.4m | -25.2% |
| Other amounts payable | 47/48 | €48,218,876 | €54,711,885 | +€6.5m | +13.5% |
| Accrued charges and deferred income | 492/3 | €23,735,066 | €29,160,186 | +€5.4m | +22.9% |
| Operating income | 70/76A | €422,345,643 | €434,292,852 | +€11.9m | +2.8% |
| Turnover | 70 | €404,907,274 | €409,148,255 | +€4.2m | +1.0% |
| Other operating income | 74 | €16,256,701 | €24,085,777 | +€7.8m | +48.2% |
| Non-recurring operating income | 76A | €1,181,668 | €1,058,820 | -€122,848 | -10.4% |
| Operating charges | 60/66A | €412,600,269 | €430,829,899 | +€18.2m | +4.4% |
| Goods for resale, raw materials and consumables | 60 | €6,354,766 | €12,153,606 | +€5.8m | +91.3% |
| Purchases | 600/8 | €7,738,642 | €12,219,906 | +€4.5m | +57.9% |
| Change in stocks: decrease (increase) | 609 | -€1,383,877 | -€66,300 | +€1.3m | +95.2% |
| Services and other goods | 61 | €286,203,289 | €280,946,375 | -€5.3m | -1.8% |
| Remuneration, social security and pensions | 62 | €102,028,665 | €112,657,670 | +€10.6m | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,865,693 | €22,283,178 | +€7.4m | +49.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €782,361 | €1,208,322 | +€425,961 | +54.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €769,912 | -€1,065,951 | -€1.8m | |
| Other operating charges | 640/8 | €1,310,290 | €1,998,930 | +€688,640 | +52.6% |
| Non-recurring operating charges | 66A | €285,294 | €647,768 | +€362,474 | +127% |
| Operating profit (loss) | 9901 | €9,745,374 | €3,462,953 | -€6.3m | -64.5% |
| Financial income | 75/76B | €8,132,678 | €5,161,959 | -€3.0m | -36.5% |
| Recurring financial income | 75 | €8,132,678 | €5,161,959 | -€3.0m | -36.5% |
| Income from financial fixed assets | 750 | €315,786 | €89,756 | -€226,030 | -71.6% |
| Income from current assets | 751 | €5,972,125 | €4,440,398 | -€1.5m | -25.6% |
| Other financial income | 752/9 | €1,844,768 | €631,804 | -€1.2m | -65.8% |
| Financial charges | 65/66B | €9,012,789 | €5,881,745 | -€3.1m | -34.7% |
| Recurring financial charges | 65 | €9,012,789 | €5,881,745 | -€3.1m | -34.7% |
| Debt charges | 650 | €8,364,327 | €5,540,203 | -€2.8m | -33.8% |
| Other financial charges | 652/9 | €648,462 | €341,542 | -€306,920 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €8,865,263 | €2,743,167 | -€6.1m | -69.1% |
| Transfer from deferred taxes | 780 | €37,885 | €43,375 | +€5,490 | +14.5% |
| Income taxes | 67/77 | €4,761,508 | €6,427,897 | +€1.7m | +35.0% |
| Taxes | 670/3 | €4,913,999 | €6,470,746 | +€1.6m | +31.7% |
| Tax adjustments and reversals of tax provisions | 77 | €152,492 | €42,849 | -€109,643 | -71.9% |
| Profit (loss) for the period | 9904 | €4,141,641 | -€3,641,355 | -€7.8m | |
| Transfer from tax-exempt reserves | 789 | €109,143 | €109,143 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,250,784 | -€3,532,211 | -€7.8m |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.