RENOBATI: what changed
Two fiscal 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.
RENOBATI
Largest movements
- Deferred charges and accrued income -€14,087
down €14,087 (-39.7%), from €35,468 to €21,382
- Tangible fixed assets +€6,858
up €6,858 (+2.6%), from €265,976 to €272,834
of which Plant, machinery and equipment: +€25,393
- Debts after one year -€19,091
down €19,091 (-10.3%), from €185,220 to €166,129
- Trade debts +€7,679
up €7,679 (+544.0%), from €1,411 to €9,090
- Gross operating margin -€26,024
down €26,024 (-19.8%), from €131,602 to €105,578
- Taxes -€5,945
down €5,945 (-74.5%), from €7,980 to €2,035
- Staff costs -€1,798
down €1,798 (-2.8%), from €64,047 to €62,248
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 | €359,081 | €352,876 | -€6,205 | -1.7% |
| Fixed assets | 21/28 | €266,194 | €273,052 | +€6,858 | +2.6% |
| Tangible fixed assets | 22/27 | €265,976 | €272,834 | +€6,858 | +2.6% |
| Land and buildings | 22 | €205,417 | €195,474 | -€9,942 | -4.8% |
| Plant, machinery and equipment | 23 | €40,774 | €66,168 | +€25,393 | +62.3% |
| Furniture and vehicles | 24 | €19,785 | €11,192 | -€8,593 | -43.4% |
| Financial fixed assets | 28 | €218 | €218 | = | 0.0% |
| Current assets | 29/58 | €92,887 | €79,824 | -€13,064 | -14.1% |
| Amounts receivable within one year | 40/41 | €18,166 | €17,330 | -€835 | -4.6% |
| Trade receivables | 40 | €16,967 | €12,886 | -€4,081 | -24.1% |
| Other amounts receivable | 41 | €1,199 | €4,444 | +€3,246 | +270.8% |
| Cash at bank and in hand | 54/58 | €39,253 | €41,112 | +€1,858 | +4.7% |
| Deferred charges and accrued income | 490/1 | €35,468 | €21,382 | -€14,087 | -39.7% |
| Total equity and liabilities | 10/49 | €359,081 | €352,876 | -€6,205 | -1.7% |
| Equity | 10/15 | €133,040 | €138,118 | +€5,078 | +3.8% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €62,000 | €65,000 | +€3,000 | +4.8% |
| Distributable reserves | 133 | €62,000 | €65,000 | +€3,000 | +4.8% |
| Profit (loss) carried forward | 14 | €63,040 | €65,118 | +€2,078 | +3.3% |
| Amounts payable | 17/49 | €226,041 | €214,758 | -€11,283 | -5.0% |
| Amounts payable after more than one year | 17 | €185,220 | €166,129 | -€19,091 | -10.3% |
| Financial debts | 170/4 | €185,220 | €166,129 | -€19,091 | -10.3% |
| Amounts payable within one year | 42/48 | €40,821 | €48,629 | +€7,808 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €18,482 | €19,091 | +€609 | +3.3% |
| Trade debts | 44 | €1,411 | €9,090 | +€7,679 | +544.0% |
| Suppliers | 440/4 | €1,411 | €9,090 | +€7,679 | +544.0% |
| Taxes, remuneration and social security | 45 | €20,928 | €20,448 | -€480 | -2.3% |
| Taxes | 450/3 | €17,824 | €16,520 | -€1,304 | -7.3% |
| Remuneration and social security | 454/9 | €3,103 | €3,928 | +€824 | +26.6% |
| Non-recurring operating income | 76A | - | €726 | +€726 | |
| Remuneration, social security and pensions | 62 | €64,047 | €62,248 | -€1,798 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,354 | €27,180 | +€825 | +3.1% |
| Other operating charges | 640/8 | €1,809 | €1,594 | -€215 | -11.9% |
| Non-recurring operating charges | 66A | - | €22 | +€22 | |
| Gross operating margin | 9900 | €131,602 | €105,578 | -€26,024 | -19.8% |
| Operating profit (loss) | 9901 | €39,393 | €14,535 | -€24,858 | -63.1% |
| Financial income | 75/76B | €1 | €11 | +€10 | +1715.3% |
| Recurring financial income | 75 | €1 | €11 | +€10 | +1715.3% |
| Financial charges | 65/66B | €8,231 | €7,432 | -€799 | -9.7% |
| Recurring financial charges | 65 | €8,231 | €7,432 | -€799 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €31,162 | €7,113 | -€24,049 | -77.2% |
| Income taxes | 67/77 | €7,980 | €2,035 | -€5,945 | -74.5% |
| Profit (loss) for the period | 9904 | €23,182 | €5,078 | -€18,104 | -78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,182 | €5,078 | -€18,104 | -78.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.