RENEXUS: 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.
RENEXUS
Largest movements
- Current investments +€300,000
new in 2025: €300,000
- Cash -€246,151
down €246,151 (-89.3%), from €275,577 to €29,426
mainly Contributions, distributions and other (-€600,000) and Current investments (-€300,000)
- Receivables within one year -€117,851
down €117,851 (-23.8%), from €496,082 to €378,232
of which Trade receivables: -€117,851
- Receivables after one year -€68,000
down €68,000 (-36.6%), from €186,000 to €118,000
- Deferred charges and accrued income +€26,656
up €26,656 (+5,847%), from €456 to €27,112
- Reserves -€600,000
down €600,000 (-74.3%), from €807,000 to €207,000
- Profit (loss) carried forward +€276,511
up €276,511 (+48,842%), from €566 to €277,077
- Other debts +€208,889
up €208,889 (+754%), from €27,703 to €236,592
- Tax, wage and social debts +€38,148
up €38,148 (+44.8%), from €85,100 to €123,248
of which Taxes: +€38,148
- Advances received -€11,556
down €11,556 (-100%), from €11,556 to €0
- Gross operating margin -€72,661
down €72,661 (-16.6%), from €438,214 to €365,553
- Taxes -€18,884
down €18,884 (-17.1%), from €110,160 to €91,276
- Financial income -€5,102
down €5,102 (-39.4%), from €12,951 to €7,848
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.
Derived cash bridge
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 | €964,198 | €869,184 | -€95,014 | -9.9% |
| Fixed assets | 21/28 | €6,083 | €16,415 | +€10,333 | +170% |
| Tangible fixed assets | 22/27 | €6,083 | €16,415 | +€10,333 | +170% |
| Plant, machinery and equipment | 23 | - | €3,056 | +€3,056 | |
| Furniture and vehicles | 24 | €1,559 | €1,248 | -€311 | -19.9% |
| Other tangible fixed assets | 26 | €4,524 | €12,111 | +€7,587 | +168% |
| Current assets | 29/58 | €958,116 | €852,769 | -€105,346 | -11.0% |
| Amounts receivable after more than one year | 29 | €186,000 | €118,000 | -€68,000 | -36.6% |
| Other amounts receivable | 291 | €186,000 | €118,000 | -€68,000 | -36.6% |
| Amounts receivable within one year | 40/41 | €496,082 | €378,232 | -€117,851 | -23.8% |
| Trade receivables | 40 | €496,082 | €378,232 | -€117,851 | -23.8% |
| Other amounts receivable | 41 | €0 | €0 | -€0 | -100% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €275,577 | €29,426 | -€246,151 | -89.3% |
| Deferred charges and accrued income | 490/1 | €456 | €27,112 | +€26,656 | +5,847% |
| Total equity and liabilities | 10/49 | €964,198 | €869,184 | -€95,014 | -9.9% |
| Equity | 10/15 | €826,166 | €502,677 | -€323,489 | -39.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €807,000 | €207,000 | -€600,000 | -74.3% |
| Distributable reserves | 133 | €807,000 | €207,000 | -€600,000 | -74.3% |
| Profit (loss) carried forward | 14 | €566 | €277,077 | +€276,511 | +48,842% |
| Amounts payable | 17/49 | €138,032 | €366,508 | +€228,475 | +166% |
| Amounts payable within one year | 42/48 | €138,032 | €366,508 | +€228,475 | +166% |
| Trade debts | 44 | €13,673 | €6,667 | -€7,006 | -51.2% |
| Suppliers | 440/4 | €13,673 | €6,667 | -€7,006 | -51.2% |
| Advances received on contracts in progress | 46 | €11,556 | €0 | -€11,556 | -100% |
| Taxes, remuneration and social security | 45 | €85,100 | €123,248 | +€38,148 | +44.8% |
| Taxes | 450/3 | €82,350 | €120,498 | +€38,148 | +46.3% |
| Remuneration and social security | 454/9 | €2,750 | €2,750 | = | 0.0% |
| Other amounts payable | 47/48 | €27,703 | €236,592 | +€208,889 | +754% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,177 | €4,002 | +€1,826 | +83.9% |
| Other operating charges | 640/8 | €528 | €550 | +€22 | +4.1% |
| Gross operating margin | 9900 | €438,214 | €365,553 | -€72,661 | -16.6% |
| Operating profit (loss) | 9901 | €435,509 | €361,001 | -€74,508 | -17.1% |
| Financial income | 75/76B | €12,951 | €7,848 | -€5,102 | -39.4% |
| Recurring financial income | 75 | €12,951 | €7,848 | -€5,102 | -39.4% |
| Financial charges | 65/66B | €1,311 | €1,063 | -€248 | -18.9% |
| Recurring financial charges | 65 | €1,311 | €1,063 | -€248 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €447,149 | €367,787 | -€79,363 | -17.7% |
| Income taxes | 67/77 | €110,160 | €91,276 | -€18,884 | -17.1% |
| Profit (loss) for the period | 9904 | €336,990 | €276,511 | -€60,479 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €336,990 | €276,511 | -€60,479 | -17.9% |
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 19 October 2026 via checked.be.