RenoAerts: 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.
RenoAerts
Largest movements
- Stocks and contracts +€219,158
up €219,158 (+797%), from €27,500 to €246,658
of which Stocks: +€196,658
- Cash -€105,386
down €105,386 (-66.4%), from €158,674 to €53,288
mainly Stocks and contracts (-€219,158) and Receivables within one year (-€45,608)
- Receivables within one year +€45,608
up €45,608 (+97.0%), from €47,039 to €92,647
of which Trade receivables: +€37,426
- Tangible fixed assets -€32,404
down €32,404 (-23.8%), from €136,191 to €103,787
of which Furniture and vehicles: -€34,633
- Other debts +€78,000
new in 2025: €78,000
- Profit (loss) carried forward +€74,392
up €74,392 (+34.1%), from €218,177 to €292,570
- Debts after one year -€24,852
down €24,852 (-31.8%), from €78,204 to €53,352
- Trade debts +€15,455
up €15,455 (+503%), from €3,075 to €18,530
- Tax, wage and social debts -€12,659
down €12,659 (-46.1%), from €27,465 to €14,806
of which Taxes: -€16,038
- Gross operating margin +€57,488
up €57,488 (+50.0%), from €115,069 to €172,557
- Staff costs -€21,391
down €21,391 (-36.2%), from €59,011 to €37,619
- Taxes +€15,571
up €15,571 (+435%), from €3,575 to €19,146
- Depreciation +€6,280
up €6,280 (+20.8%), from €30,144 to €36,423
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 | €370,545 | €502,109 | +€131,565 | +35.5% |
| Fixed assets | 21/28 | €137,332 | €109,517 | -€27,814 | -20.3% |
| Tangible fixed assets | 22/27 | €136,191 | €103,787 | -€32,404 | -23.8% |
| Plant, machinery and equipment | 23 | €5,811 | €8,040 | +€2,228 | +38.3% |
| Furniture and vehicles | 24 | €130,380 | €95,747 | -€34,633 | -26.6% |
| Financial fixed assets | 28 | €1,141 | €5,731 | +€4,590 | +402% |
| Current assets | 29/58 | €233,213 | €392,592 | +€159,379 | +68.3% |
| Stocks and contracts in progress | 3 | €27,500 | €246,658 | +€219,158 | +797% |
| Stocks | 30/36 | - | €196,658 | +€196,658 | |
| Contracts in progress | 37 | €27,500 | €50,000 | +€22,500 | +81.8% |
| Amounts receivable within one year | 40/41 | €47,039 | €92,647 | +€45,608 | +97.0% |
| Trade receivables | 40 | €20,137 | €57,563 | +€37,426 | +186% |
| Other amounts receivable | 41 | €26,902 | €35,084 | +€8,182 | +30.4% |
| Cash at bank and in hand | 54/58 | €158,674 | €53,288 | -€105,386 | -66.4% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €370,545 | €502,109 | +€131,565 | +35.5% |
| Equity | 10/15 | €238,177 | €312,570 | +€74,392 | +31.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €218,177 | €292,570 | +€74,392 | +34.1% |
| Amounts payable | 17/49 | €132,367 | €189,540 | +€57,172 | +43.2% |
| Amounts payable after more than one year | 17 | €78,204 | €53,352 | -€24,852 | -31.8% |
| Financial debts | 170/4 | €78,204 | €53,352 | -€24,852 | -31.8% |
| Amounts payable within one year | 42/48 | €54,163 | €136,188 | +€82,024 | +151% |
| Current portion of amounts payable after more than one year | 42 | €23,623 | €24,852 | +€1,229 | +5.2% |
| Trade debts | 44 | €3,075 | €18,530 | +€15,455 | +503% |
| Suppliers | 440/4 | €3,075 | €18,530 | +€15,455 | +503% |
| Taxes, remuneration and social security | 45 | €27,465 | €14,806 | -€12,659 | -46.1% |
| Taxes | 450/3 | €21,283 | €5,245 | -€16,038 | -75.4% |
| Remuneration and social security | 454/9 | €6,182 | €9,561 | +€3,379 | +54.7% |
| Other amounts payable | 47/48 | - | €78,000 | +€78,000 | |
| Remuneration, social security and pensions | 62 | €59,011 | €37,619 | -€21,391 | -36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,144 | €36,423 | +€6,280 | +20.8% |
| Other operating charges | 640/8 | €683 | €606 | -€77 | -11.3% |
| Gross operating margin | 9900 | €115,069 | €172,557 | +€57,488 | +50.0% |
| Operating profit (loss) | 9901 | €25,232 | €97,908 | +€72,676 | +288% |
| Financial income | 75/76B | €808 | €949 | +€142 | +17.5% |
| Recurring financial income | 75 | €808 | €949 | +€142 | +17.5% |
| Financial charges | 65/66B | €5,137 | €5,319 | +€183 | +3.6% |
| Recurring financial charges | 65 | €5,137 | €5,319 | +€183 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €20,903 | €93,538 | +€72,635 | +347% |
| Income taxes | 67/77 | €3,575 | €19,146 | +€15,571 | +435% |
| Profit (loss) for the period | 9904 | €17,327 | €74,392 | +€57,065 | +329% |
| Profit (loss) for the period to be appropriated | 9905 | €17,327 | €74,392 | +€57,065 | +329% |
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 15 October 2026 via checked.be.