RENIBO HOOGHE: what changed
RENIBO HOOGHE
Largest movements
- Receivables within one year -€133,854
down €133,854 (-52.0%), from €257,540 to €123,686
of which Trade receivables: -€134,711
- Cash +€126,080
up €126,080 (+127%), from €98,941 to €225,021
mainly Receivables within one year (+€133,854) and Stocks and contracts (+€22,903)
- Stocks and contracts -€22,903
down €22,903 (-22.7%), from €101,110 to €78,207
of which Stocks: -€13,979
- Tangible fixed assets -€9,653
down €9,653 (-45.5%), from €21,234 to €11,581
of which Furniture and vehicles: -€5,823
- Other debts -€57,617
down €57,617 (-11.1%), from €520,427 to €462,810
- Tax, wage and social debts +€21,759
up €21,759 (+436%), from €4,993 to €26,751
- Trade debts -€20,214
down €20,214 (-34.6%), from €58,370 to €38,156
- Profit (loss) carried forward +€16,646
up €16,646 (+13.2%), from -€126,378 to -€109,732
- Gross operating margin -€86,315
down €86,315 (-79.1%), from €109,146 to €22,830
- Staff costs -€8,492
down €8,492 (-99.5%), from €8,537 to €46
- Financial income +€5,722
up €5,722 (+279%), from €2,052 to €7,774
- Financial charges -€1,761
down €1,761 (-53.3%), from €3,303 to €1,541
- Other operating charges +€1,590
up €1,590 (+111%), from €1,431 to €3,021
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 | €483,329 | €443,903 | -€39,426 | -8.2% |
| Fixed assets | 21/28 | €21,484 | €11,831 | -€9,653 | -44.9% |
| Tangible fixed assets | 22/27 | €21,234 | €11,581 | -€9,653 | -45.5% |
| Plant, machinery and equipment | 23 | €5,919 | €2,089 | -€3,830 | -64.7% |
| Furniture and vehicles | 24 | €15,315 | €9,492 | -€5,823 | -38.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €461,845 | €432,072 | -€29,774 | -6.4% |
| Stocks and contracts in progress | 3 | €101,110 | €78,207 | -€22,903 | -22.7% |
| Stocks | 30/36 | €19,565 | €5,586 | -€13,979 | -71.4% |
| Contracts in progress | 37 | €81,545 | €72,621 | -€8,924 | -10.9% |
| Amounts receivable within one year | 40/41 | €257,540 | €123,686 | -€133,854 | -52.0% |
| Trade receivables | 40 | €256,067 | €121,356 | -€134,711 | -52.6% |
| Other amounts receivable | 41 | €1,473 | €2,330 | +€857 | +58.2% |
| Cash at bank and in hand | 54/58 | €98,941 | €225,021 | +€126,080 | +127% |
| Deferred charges and accrued income | 490/1 | €4,254 | €5,158 | +€903 | +21.2% |
| Total equity and liabilities | 10/49 | €483,329 | €443,903 | -€39,426 | -8.2% |
| Equity | 10/15 | -€105,918 | -€89,272 | +€16,646 | +15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,378 | -€109,732 | +€16,646 | +13.2% |
| Amounts payable | 17/49 | €589,247 | €533,176 | -€56,072 | -9.5% |
| Amounts payable within one year | 42/48 | €589,247 | €533,176 | -€56,072 | -9.5% |
| Trade debts | 44 | €58,370 | €38,156 | -€20,214 | -34.6% |
| Suppliers | 440/4 | €58,370 | €38,156 | -€20,214 | -34.6% |
| Advances received on contracts in progress | 46 | €5,457 | €5,457 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,993 | €26,751 | +€21,759 | +436% |
| Taxes | 450/3 | €4,993 | €26,751 | +€21,759 | +436% |
| Other amounts payable | 47/48 | €520,427 | €462,810 | -€57,617 | -11.1% |
| Non-recurring operating income | 76A | €102,500 | €9,077 | -€93,423 | -91.1% |
| Remuneration, social security and pensions | 62 | €8,537 | €46 | -€8,492 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,492 | €9,208 | -€1,285 | -12.2% |
| Other operating charges | 640/8 | €1,431 | €3,021 | +€1,590 | +111% |
| Non-recurring operating charges | 66A | - | €143 | +€143 | |
| Gross operating margin | 9900 | €109,146 | €22,830 | -€86,315 | -79.1% |
| Operating profit (loss) | 9901 | €88,685 | €10,413 | -€78,272 | -88.3% |
| Financial income | 75/76B | €2,052 | €7,774 | +€5,722 | +279% |
| Recurring financial income | 75 | €2,052 | €7,774 | +€5,722 | +279% |
| Financial charges | 65/66B | €3,303 | €1,541 | -€1,761 | -53.3% |
| Recurring financial charges | 65 | €3,303 | €1,541 | -€1,761 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €87,434 | €16,646 | -€70,789 | -81.0% |
| Profit (loss) for the period | 9904 | €87,434 | €16,646 | -€70,789 | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €87,434 | €16,646 | -€70,789 | -81.0% |
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 3 November 2026 via checked.be.