RENOBAT: 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.
RENOBAT
Largest movements
- Stocks and contracts -€72,866
down €72,866 (-81.5%), from €89,406 to €16,540
- Cash +€24,041
up €24,041 (+203%), from €11,832 to €35,873
mainly Stocks and contracts (+€72,866) and Receivables within one year (+€20,103)
- Receivables within one year -€20,103
down €20,103 (-5.5%), from €368,014 to €347,911
of which Other amounts receivable: -€19,361
- Tangible fixed assets -€10,221
down €10,221 (-66.9%), from €15,275 to €5,053
of which Plant, machinery and equipment: -€7,651
- Trade debts -€64,998
down €64,998 (-14.7%), from €441,897 to €376,898
- Debts after one year -€6,187
down €6,187 (-7.5%), from €82,037 to €75,850
- Profit (loss) carried forward -€5,910
down €5,910 (-3.6%), from -€164,095 to -€170,005
- Purchases and services -€1.0m
down €1.0m (-75.8%), from €1.4m to €328,592
- Gross operating margin +€152,821
up €152,821, from -€134,269 to €18,552
- Financial charges +€11,022
up €11,022 (+602%), from €1,832 to €12,854
- Other operating charges -€8,456
down €8,456 (-95.8%), from €8,825 to €369
- Staff costs -€6,965
down €6,965 (-87.2%), from €7,983 to €1,018
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 | €524,964 | €446,345 | -€78,619 | -15.0% |
| Fixed assets | 21/28 | €54,625 | €44,403 | -€10,221 | -18.7% |
| Tangible fixed assets | 22/27 | €15,275 | €5,053 | -€10,221 | -66.9% |
| Land and buildings | 22 | - | €5,053 | +€5,053 | |
| Plant, machinery and equipment | 23 | €7,651 | - | -€7,651 | |
| Furniture and vehicles | 24 | €7,624 | - | -€7,624 | |
| Financial fixed assets | 28 | €39,350 | €39,350 | = | 0.0% |
| Current assets | 29/58 | €470,339 | €401,941 | -€68,398 | -14.5% |
| Stocks and contracts in progress | 3 | €89,406 | €16,540 | -€72,866 | -81.5% |
| Stocks | 30/36 | €89,406 | €16,540 | -€72,866 | -81.5% |
| Amounts receivable within one year | 40/41 | €368,014 | €347,911 | -€20,103 | -5.5% |
| Trade receivables | 40 | €336,346 | €335,604 | -€742 | -0.2% |
| Other amounts receivable | 41 | €31,667 | €12,307 | -€19,361 | -61.1% |
| Cash at bank and in hand | 54/58 | €11,832 | €35,873 | +€24,041 | +203% |
| Deferred charges and accrued income | 490/1 | €1,088 | €1,618 | +€530 | +48.7% |
| Total equity and liabilities | 10/49 | €524,964 | €446,345 | -€78,619 | -15.0% |
| Equity | 10/15 | -€13,588 | -€19,499 | -€5,910 | -43.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €131,914 | €131,914 | = | 0.0% |
| Distributable reserves | 133 | €131,914 | €131,914 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€164,095 | -€170,005 | -€5,910 | -3.6% |
| Amounts payable | 17/49 | €538,552 | €465,843 | -€72,709 | -13.5% |
| Amounts payable after more than one year | 17 | €82,037 | €75,850 | -€6,187 | -7.5% |
| Financial debts | 170/4 | €82,037 | €75,850 | -€6,187 | -7.5% |
| Amounts payable within one year | 42/48 | €456,515 | €389,993 | -€66,522 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €6,679 | €6,187 | -€491 | -7.4% |
| Trade debts | 44 | €441,897 | €376,898 | -€64,998 | -14.7% |
| Suppliers | 440/4 | €441,897 | €376,898 | -€64,998 | -14.7% |
| Taxes, remuneration and social security | 45 | - | €1,179 | +€1,179 | |
| Taxes | 450/3 | - | €1,179 | +€1,179 | |
| Other amounts payable | 47/48 | €7,940 | €5,728 | -€2,211 | -27.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,355,247 | €328,592 | -€1.0m | -75.8% |
| Remuneration, social security and pensions | 62 | €7,983 | €1,018 | -€6,965 | -87.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,196 | €10,221 | -€975 | -8.7% |
| Other operating charges | 640/8 | €8,825 | €369 | -€8,456 | -95.8% |
| Gross operating margin | 9900 | -€134,269 | €18,552 | +€152,821 | |
| Operating profit (loss) | 9901 | -€162,273 | €6,944 | +€169,217 | |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €1,832 | €12,854 | +€11,022 | +602% |
| Recurring financial charges | 65 | €1,832 | €12,854 | +€11,022 | +602% |
| Profit (loss) for the period before taxes | 9903 | -€164,095 | -€5,910 | +€158,185 | +96.4% |
| Profit (loss) for the period | 9904 | -€164,095 | -€5,910 | +€158,185 | +96.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€164,095 | -€5,910 | +€158,185 | +96.4% |
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 24 October 2026 via checked.be.