RENICO: 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.
RENICO
Largest movements
- Receivables within one year -€36,796
down €36,796 (-54.3%), from €67,707 to €30,911
of which Other amounts receivable: -€28,727
- Tangible fixed assets +€21,509
up €21,509 (+4,284%), from €502 to €22,011
of which Furniture and vehicles: +€21,654
- Cash +€20,003
up €20,003 (+277%), from €7,220 to €27,223
mainly Receivables within one year (+€36,796) and Depreciation (+€10,417)
- Tax, wage and social debts -€7,562
down €7,562 (-91.2%), from €8,290 to €728
- Trade debts +€6,152
up €6,152 (+145%), from €4,232 to €10,384
- Other debts +€4,793
new in 2025: €4,793
- Profit (loss) carried forward +€1,333
up €1,333 (+19.0%), from -€7,012 to -€5,679
- Gross operating margin +€31,614
up €31,614 (+2,094%), from €1,509 to €33,123
- Write-downs +€22,154
new in 2025: €22,154
- Depreciation +€10,208
up €10,208 (+4,882%), from €209 to €10,417
- Financial income +€2,708
up €2,708 (+1,013%), from €267 to €2,975
of which Financial income: +€2,708
- Taxes +€379
up €379 (+108%), from €350 to €728
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 | €75,429 | €80,145 | +€4,716 | +6.3% |
| Fixed assets | 21/28 | €502 | €22,011 | +€21,509 | +4,284% |
| Tangible fixed assets | 22/27 | €502 | €22,011 | +€21,509 | +4,284% |
| Plant, machinery and equipment | 23 | €502 | €357 | -€145 | -28.8% |
| Furniture and vehicles | 24 | - | €21,654 | +€21,654 | |
| Current assets | 29/58 | €74,926 | €58,134 | -€16,793 | -22.4% |
| Amounts receivable within one year | 40/41 | €67,707 | €30,911 | -€36,796 | -54.3% |
| Trade receivables | 40 | €36,629 | €28,560 | -€8,069 | -22.0% |
| Other amounts receivable | 41 | €31,078 | €2,351 | -€28,727 | -92.4% |
| Cash at bank and in hand | 54/58 | €7,220 | €27,223 | +€20,003 | +277% |
| Total equity and liabilities | 10/49 | €75,429 | €80,145 | +€4,716 | +6.3% |
| Equity | 10/15 | €62,906 | €64,239 | +€1,333 | +2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €63,718 | €63,718 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,353 | €26,353 | = | 0.0% |
| Distributable reserves | 133 | €35,505 | €35,505 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,012 | -€5,679 | +€1,333 | +19.0% |
| Amounts payable | 17/49 | €12,522 | €15,906 | +€3,383 | +27.0% |
| Amounts payable within one year | 42/48 | €12,522 | €15,906 | +€3,383 | +27.0% |
| Trade debts | 44 | €4,232 | €10,384 | +€6,152 | +145% |
| Suppliers | 440/4 | €4,232 | €10,384 | +€6,152 | +145% |
| Taxes, remuneration and social security | 45 | €8,290 | €728 | -€7,562 | -91.2% |
| Taxes | 450/3 | €8,290 | €728 | -€7,562 | -91.2% |
| Other amounts payable | 47/48 | - | €4,793 | +€4,793 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209 | €10,417 | +€10,208 | +4,882% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €22,154 | +€22,154 | |
| Other operating charges | 640/8 | €686 | €1,055 | +€369 | +53.7% |
| Gross operating margin | 9900 | €1,509 | €33,123 | +€31,614 | +2,094% |
| Operating profit (loss) | 9901 | €614 | -€503 | -€1,117 | |
| Financial income | 75/76B | €267 | €2,975 | +€2,708 | +1,013% |
| Recurring financial income | 75 | €267 | €2,975 | +€2,708 | +1,013% |
| Non-recurring financial income | 76B | €267 | €2,975 | +€2,708 | +1,013% |
| Financial charges | 65/66B | €567 | €411 | -€156 | -27.6% |
| Recurring financial charges | 65 | €567 | €411 | -€156 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €315 | €2,062 | +€1,747 | +555% |
| Income taxes | 67/77 | €350 | €728 | +€379 | +108% |
| Profit (loss) for the period | 9904 | -€35 | €1,333 | +€1,368 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35 | €1,333 | +€1,368 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.