RENOCA: 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.
RENOCA
Largest movements
- Cash +€41,672
up €41,672 (+204.7%), from €20,360 to €62,031
mainly Net result for the year (+€36,285) and Receivables within one year (+€21,139)
- Receivables within one year -€21,139
down €21,139 (-50.6%), from €41,759 to €20,620
of which Trade receivables: -€22,439
- Deferred charges and accrued income -€9,231
down €9,231 (-89.0%), from €10,372 to €1,141
- Reserves +€36,285
up €36,285 (+93.3%), from €38,909 to €75,193
- Other debts -€17,527
down €17,527 (-79.4%), from €22,060 to €4,533
- Trade debts -€4,109
down €4,109 (-93.2%), from €4,407 to €298
- Tax, wage and social debts -€2,705
down €2,705 (-22.6%), from €11,980 to €9,275
- Gross operating margin -€3,295
down €3,295 (-6.4%), from €51,334 to €48,039
- Financial income +€2,191
up €2,191 (+79114.8%), from €3 to €2,194
- Depreciation +€1,902
up €1,902 (+237.2%), from €802 to €2,704
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 | €82,355 | €94,299 | +€11,944 | +14.5% |
| Fixed assets | 21/28 | €9,864 | €10,507 | +€643 | +6.5% |
| Tangible fixed assets | 22/27 | €7,864 | €8,507 | +€643 | +8.2% |
| Plant, machinery and equipment | 23 | €1,164 | - | -€1,164 | |
| Furniture and vehicles | 24 | €6,700 | €8,507 | +€1,806 | +27.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €72,491 | €83,792 | +€11,301 | +15.6% |
| Amounts receivable within one year | 40/41 | €41,759 | €20,620 | -€21,139 | -50.6% |
| Trade receivables | 40 | €40,467 | €18,029 | -€22,439 | -55.4% |
| Other amounts receivable | 41 | €1,292 | €2,592 | +€1,300 | +100.6% |
| Cash at bank and in hand | 54/58 | €20,360 | €62,031 | +€41,672 | +204.7% |
| Deferred charges and accrued income | 490/1 | €10,372 | €1,141 | -€9,231 | -89.0% |
| Total equity and liabilities | 10/49 | €82,355 | €94,299 | +€11,944 | +14.5% |
| Equity | 10/15 | €43,909 | €80,193 | +€36,285 | +82.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €38,909 | €75,193 | +€36,285 | +93.3% |
| Distributable reserves | 133 | €38,909 | €75,193 | +€36,285 | +93.3% |
| Amounts payable | 17/49 | €38,447 | €14,106 | -€24,341 | -63.3% |
| Amounts payable within one year | 42/48 | €38,447 | €14,106 | -€24,341 | -63.3% |
| Trade debts | 44 | €4,407 | €298 | -€4,109 | -93.2% |
| Suppliers | 440/4 | €4,407 | €298 | -€4,109 | -93.2% |
| Taxes, remuneration and social security | 45 | €11,980 | €9,275 | -€2,705 | -22.6% |
| Taxes | 450/3 | €11,980 | €9,275 | -€2,705 | -22.6% |
| Other amounts payable | 47/48 | €22,060 | €4,533 | -€17,527 | -79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €802 | €2,704 | +€1,902 | +237.2% |
| Other operating charges | 640/8 | €1,015 | €1,412 | +€398 | +39.2% |
| Gross operating margin | 9900 | €51,334 | €48,039 | -€3,295 | -6.4% |
| Operating profit (loss) | 9901 | €49,517 | €43,923 | -€5,595 | -11.3% |
| Financial income | 75/76B | €3 | €2,194 | +€2,191 | +79114.8% |
| Recurring financial income | 75 | €3 | €2,194 | +€2,191 | +79114.8% |
| Financial charges | 65/66B | €668 | €341 | -€328 | -49.0% |
| Recurring financial charges | 65 | €668 | €341 | -€328 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | €48,852 | €45,776 | -€3,076 | -6.3% |
| Income taxes | 67/77 | €9,943 | €9,491 | -€452 | -4.5% |
| Profit (loss) for the period | 9904 | €38,909 | €36,285 | -€2,624 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,909 | €36,285 | -€2,624 | -6.7% |
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.