RENISOL: 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.
RENISOL
Largest movements
- Cash +€86,368
up €86,368 (+181.1%), from €47,700 to €134,067
mainly Trade debts (+€160,256) and Net result for the year (+€58,474)
- Tangible fixed assets +€67,935
up €67,935 (+185.5%), from €36,621 to €104,556
of which Leasing and similar rights: +€54,113
- Deferred charges and accrued income +€38,963
up €38,963 (+107.1%), from €36,384 to €75,346
- Receivables within one year -€16,542
down €16,542 (-2.2%), from €737,579 to €721,037
of which Other amounts receivable: -€91,647
- Stocks and contracts +€12,122
up €12,122 (+15.6%), from €77,803 to €89,925
of which Contracts in progress: +€12,600
- Trade debts +€160,256
up €160,256 (+67.1%), from €238,813 to €399,070
- Profit (loss) carried forward -€41,526
down €41,526 (-64.0%), from €64,899 to €23,372
- Debts after one year +€38,590
new in 2025: €38,590
- Current portion of long-term debt +€16,666
new in 2025: €16,666
- Gross operating margin +€246,116
up €246,116 (+31.8%), from €773,003 to €1.0m
- Staff costs +€161,865
up €161,865 (+22.4%), from €721,084 to €882,949
- Depreciation +€19,461
up €19,461 (+161.3%), from €12,062 to €31,523
- Taxes +€18,387
up €18,387 (+229.2%), from €8,021 to €26,408
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.
Cash bridge derived
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 | €942,103 | €1,132,468 | +€190,365 | +20.2% |
| Fixed assets | 21/28 | €42,638 | €112,092 | +€69,455 | +162.9% |
| Intangible fixed assets | 21 | €528 | €166 | -€361 | -68.5% |
| Tangible fixed assets | 22/27 | €36,621 | €104,556 | +€67,935 | +185.5% |
| Plant, machinery and equipment | 23 | €8,450 | €3,732 | -€4,717 | -55.8% |
| Furniture and vehicles | 24 | €4,822 | €3,156 | -€1,666 | -34.5% |
| Leasing and similar rights | 25 | - | €54,113 | +€54,113 | |
| Other tangible fixed assets | 26 | €23,349 | €43,554 | +€20,205 | +86.5% |
| Financial fixed assets | 28 | €5,489 | €7,370 | +€1,881 | +34.3% |
| Current assets | 29/58 | €899,465 | €1,020,375 | +€120,910 | +13.4% |
| Stocks and contracts in progress | 3 | €77,803 | €89,925 | +€12,122 | +15.6% |
| Stocks | 30/36 | €35,553 | €35,075 | -€478 | -1.3% |
| Contracts in progress | 37 | €42,250 | €54,850 | +€12,600 | +29.8% |
| Amounts receivable within one year | 40/41 | €737,579 | €721,037 | -€16,542 | -2.2% |
| Trade receivables | 40 | €544,796 | €619,901 | +€75,105 | +13.8% |
| Other amounts receivable | 41 | €192,783 | €101,135 | -€91,647 | -47.5% |
| Cash at bank and in hand | 54/58 | €47,700 | €134,067 | +€86,368 | +181.1% |
| Deferred charges and accrued income | 490/1 | €36,384 | €75,346 | +€38,963 | +107.1% |
| Total equity and liabilities | 10/49 | €942,103 | €1,132,468 | +€190,365 | +20.2% |
| Equity | 10/15 | €483,459 | €441,932 | -€41,526 | -8.6% |
| Contributions | 10/11 | €16,700 | €16,700 | = | 0.0% |
| Reserves | 13 | €401,860 | €401,860 | = | 0.0% |
| Distributable reserves | 133 | €401,860 | €401,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,899 | €23,372 | -€41,526 | -64.0% |
| Amounts payable | 17/49 | €458,644 | €690,536 | +€231,892 | +50.6% |
| Amounts payable after more than one year | 17 | - | €38,590 | +€38,590 | |
| Financial debts | 170/4 | - | €38,590 | +€38,590 | |
| Amounts payable within one year | 42/48 | €458,644 | €650,336 | +€191,692 | +41.8% |
| Current portion of amounts payable after more than one year | 42 | - | €16,666 | +€16,666 | |
| Financial debts | 43 | €210,144 | €210,112 | -€32 | 0.0% |
| Credit institutions | 430/8 | €210,144 | €210,112 | -€32 | 0.0% |
| Trade debts | 44 | €238,813 | €399,070 | +€160,256 | +67.1% |
| Suppliers | 440/4 | €238,813 | €399,070 | +€160,256 | +67.1% |
| Taxes, remuneration and social security | 45 | €6,098 | €12,073 | +€5,975 | +98.0% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €6,098 | €12,073 | +€5,975 | +98.0% |
| Other amounts payable | 47/48 | €3,589 | €12,416 | +€8,828 | +246.0% |
| Accrued charges and deferred income | 492/3 | €0 | €1,609 | +€1,609 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €721,084 | €882,949 | +€161,865 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,062 | €31,523 | +€19,461 | +161.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,425 | €0 | -€5,425 | -100.0% |
| Other operating charges | 640/8 | €6,920 | €7,173 | +€253 | +3.7% |
| Gross operating margin | 9900 | €773,003 | €1,019,118 | +€246,116 | +31.8% |
| Operating profit (loss) | 9901 | €27,512 | €97,474 | +€69,962 | +254.3% |
| Financial income | 75/76B | €3,503 | €1,439 | -€2,064 | -58.9% |
| Recurring financial income | 75 | €3,503 | €1,439 | -€2,064 | -58.9% |
| Financial charges | 65/66B | €18,470 | €14,031 | -€4,439 | -24.0% |
| Recurring financial charges | 65 | €18,470 | €14,031 | -€4,439 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €12,546 | €84,882 | +€72,336 | +576.6% |
| Income taxes | 67/77 | €8,021 | €26,408 | +€18,387 | +229.2% |
| Profit (loss) for the period | 9904 | €4,524 | €58,474 | +€53,949 | +1192.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,524 | €58,474 | +€53,949 | +1192.5% |
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 10 October 2026 via checked.be.