RENKO PAINTS: 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.
RENKO PAINTS
Largest movements
- Current investments +€275,000
up €275,000 (+220%), from €125,000 to €400,000
- Tangible fixed assets -€272,101
down €272,101 (-46.0%), from €591,258 to €319,157
of which Land and buildings: -€250,189
- Stocks and contracts +€66,223
up €66,223 (+29.8%), from €222,538 to €288,761
- Cash +€46,208
up €46,208 (+49.2%), from €93,948 to €140,156
mainly Net result for the year (+€276,750) and Other debts (+€262,150)
- Other debts +€262,150
up €262,150 (+187%), from €140,236 to €402,386
- Reserves -€125,636
down €125,636 (-15.7%), from €799,465 to €673,829
of which Distributable reserves: -€125,636
- Tax, wage and social debts -€27,829
down €27,829 (-33.9%), from €82,045 to €54,216
of which Taxes: -€27,583
- Trade debts +€13,162
up €13,162 (+163%), from €8,097 to €21,259
- Gross operating margin +€111,610
up €111,610 (+24.9%), from €449,070 to €560,680
- Taxes +€38,557
up €38,557 (+44.8%), from €85,989 to €124,546
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 | €1,186,367 | €1,302,221 | +€115,853 | +9.8% |
| Fixed assets | 21/28 | €591,258 | €319,157 | -€272,101 | -46.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €591,258 | €319,157 | -€272,101 | -46.0% |
| Land and buildings | 22 | €501,991 | €251,803 | -€250,189 | -49.8% |
| Plant, machinery and equipment | 23 | €37,693 | €24,660 | -€13,033 | -34.6% |
| Furniture and vehicles | 24 | €51,574 | €42,694 | -€8,879 | -17.2% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Current assets | 29/58 | €595,109 | €983,064 | +€387,954 | +65.2% |
| Stocks and contracts in progress | 3 | €222,538 | €288,761 | +€66,223 | +29.8% |
| Stocks | 30/36 | €222,538 | €288,761 | +€66,223 | +29.8% |
| Amounts receivable within one year | 40/41 | €149,970 | €147,774 | -€2,196 | -1.5% |
| Trade receivables | 40 | €147,531 | €145,318 | -€2,213 | -1.5% |
| Other amounts receivable | 41 | €2,440 | €2,456 | +€17 | +0.7% |
| Current investments | 50/53 | €125,000 | €400,000 | +€275,000 | +220% |
| Cash at bank and in hand | 54/58 | €93,948 | €140,156 | +€46,208 | +49.2% |
| Deferred charges and accrued income | 490/1 | €3,652 | €6,372 | +€2,720 | +74.5% |
| Total equity and liabilities | 10/49 | €1,186,367 | €1,302,221 | +€115,853 | +9.8% |
| Equity | 10/15 | €941,476 | €815,840 | -€125,636 | -13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €799,465 | €673,829 | -€125,636 | -15.7% |
| Tax-exempt reserves | 132 | €34,930 | €34,930 | = | 0.0% |
| Distributable reserves | 133 | €764,535 | €638,900 | -€125,636 | -16.4% |
| Profit (loss) carried forward | 14 | €123,411 | €123,411 | = | 0.0% |
| Amounts payable | 17/49 | €244,891 | €486,381 | +€241,489 | +98.6% |
| Amounts payable after more than one year | 17 | €6,076 | - | -€6,076 | |
| Financial debts | 170/4 | €6,076 | - | -€6,076 | |
| Amounts payable within one year | 42/48 | €236,765 | €483,937 | +€247,172 | +104% |
| Current portion of amounts payable after more than one year | 42 | €6,387 | €6,076 | -€311 | -4.9% |
| Trade debts | 44 | €8,097 | €21,259 | +€13,162 | +163% |
| Suppliers | 440/4 | €8,097 | €21,259 | +€13,162 | +163% |
| Taxes, remuneration and social security | 45 | €82,045 | €54,216 | -€27,829 | -33.9% |
| Taxes | 450/3 | €68,814 | €41,232 | -€27,583 | -40.1% |
| Remuneration and social security | 454/9 | €13,230 | €12,985 | -€246 | -1.9% |
| Other amounts payable | 47/48 | €140,236 | €402,386 | +€262,150 | +187% |
| Accrued charges and deferred income | 492/3 | €2,050 | €2,443 | +€393 | +19.2% |
| Remuneration, social security and pensions | 62 | €111,793 | €114,589 | +€2,795 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,034 | €41,407 | -€3,627 | -8.1% |
| Other operating charges | 640/8 | €12,729 | €9,741 | -€2,988 | -23.5% |
| Gross operating margin | 9900 | €449,070 | €560,680 | +€111,610 | +24.9% |
| Operating profit (loss) | 9901 | €279,514 | €394,944 | +€115,430 | +41.3% |
| Financial income | 75/76B | €9,023 | €13,087 | +€4,065 | +45.0% |
| Recurring financial income | 75 | €9,023 | €13,087 | +€4,065 | +45.0% |
| Financial charges | 65/66B | €10,423 | €6,736 | -€3,688 | -35.4% |
| Recurring financial charges | 65 | €10,423 | €6,736 | -€3,688 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €278,113 | €401,296 | +€123,182 | +44.3% |
| Income taxes | 67/77 | €85,989 | €124,546 | +€38,557 | +44.8% |
| Profit (loss) for the period | 9904 | €192,124 | €276,750 | +€84,626 | +44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €192,124 | €276,750 | +€84,626 | +44.0% |
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 22 October 2026 via checked.be.