Renocit: 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.
What changed
Renocit
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€833,044
2024 · €182,890+€650,154
Equity
€23.9m
2024 · €23.0m+€833,044
Cash
€1.2m
2024 · €2.9m-€1.7m
Balance sheet total
€26.3m
2024 · €25.6m+€661,854
Largest movements
Assets
- Current investments +€3.0m
up €3.0m (+45.6%), from €6.5m to €9.4m
- Cash -€1.7m
down €1.7m (-59.1%), from €2.9m to €1.2m
mainly Current investments (-€3.0m) and Provisions (-€85,013)
- Tangible fixed assets -€593,284
down €593,284 (-4.0%), from €14.6m to €14.1m
of which Land and buildings: -€543,577
Equity and liabilities
- Profit (loss) carried forward +€998,143
up €998,143 (+4.9%), from €20.3m to €21.3m
Income statement
- Financial income +€351,008
up €351,008 (+95.5%), from €367,546 to €718,553
- Gross operating margin +€223,860
up €223,860 (+26.5%), from €846,335 to €1.1m
- Financial charges -€202,768
down €202,768 (-94.2%), from €215,303 to €12,535
- Taxes +€138,216
up €138,216 (+76.5%), from €180,758 to €318,974
- Depreciation -€18,615
down €18,615 (-3.0%), from €618,649 to €600,034
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.
Result 2024
€182,890
Gross operating margin
+€223,860
Depreciation
+€18,615
Write-downs
-€5,940
Other operating charges
+€952
Financial income
+€351,008
Financial charges
+€202,768
Taxes
-€138,216
Deferred taxes and other
-€2,892
Result 2025
€833,044
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.3m
Investment
-€3.0m
Financing
€0
Cash 2024
€2.9m
From operations (derived)
+€1.3m
Net result for the year
+€833,044
Depreciation
+€600,034
Smaller working-capital items
-€8,342
Provisions
-€85,013
Trade debts
-€8,450
Tax, wage and social debts
+€9,364
Other debts
-€65,356
Accrued charges and deferred income
-€21,735
Investment (derived)
-€3.0m
Investment in fixed assets (net)
-€6,750
Current investments
-€3.0m
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,607,646 | €26,269,500 | +€661,854 | +2.6% |
| Fixed assets | 21/28 | €15,517,550 | €14,924,266 | -€593,284 | -3.8% |
| Tangible fixed assets | 22/27 | €14,649,076 | €14,055,791 | -€593,284 | -4.0% |
| Land and buildings | 22 | €14,441,244 | €13,897,666 | -€543,577 | -3.8% |
| Furniture and vehicles | 24 | €207,832 | €151,375 | -€56,457 | -27.2% |
| Assets under construction and advance payments | 27 | - | €6,750 | +€6,750 | |
| Financial fixed assets | 28 | €868,475 | €868,475 | = | 0.0% |
| Current assets | 29/58 | €10,090,096 | €11,345,234 | +€1.3m | +12.4% |
| Amounts receivable within one year | 40/41 | €700,009 | €705,815 | +€5,805 | +0.8% |
| Trade receivables | 40 | €53,446 | €65,051 | +€11,605 | +21.7% |
| Other amounts receivable | 41 | €646,563 | €640,763 | -€5,800 | -0.9% |
| Current investments | 50/53 | €6,488,493 | €9,448,632 | +€3.0m | +45.6% |
| Cash at bank and in hand | 54/58 | €2,896,744 | €1,183,400 | -€1.7m | -59.1% |
| Deferred charges and accrued income | 490/1 | €4,850 | €7,387 | +€2,537 | +52.3% |
| Total equity and liabilities | 10/49 | €25,607,646 | €26,269,500 | +€661,854 | +2.6% |
| Equity | 10/15 | €23,019,977 | €23,853,021 | +€833,044 | +3.6% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Capital | 10 | €240,000 | €240,000 | = | 0.0% |
| Issued capital | 100 | €240,000 | €240,000 | = | 0.0% |
| Reserves | 13 | €2,438,210 | €2,273,112 | -€165,098 | -6.8% |
| Non-distributable reserves | 130/1 | €24,000 | €24,000 | = | 0.0% |
| Legal reserve | 130 | €24,000 | €24,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,192,336 | €2,027,238 | -€165,098 | -7.5% |
| Distributable reserves | 133 | €221,874 | €221,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,341,766 | €21,339,909 | +€998,143 | +4.9% |
| Provisions and deferred taxes | 16 | €1,128,882 | €1,043,869 | -€85,013 | -7.5% |
| Deferred taxes | 168 | €1,128,882 | €1,043,869 | -€85,013 | -7.5% |
| Amounts payable | 17/49 | €1,458,787 | €1,372,610 | -€86,177 | -5.9% |
| Amounts payable within one year | 42/48 | €1,436,831 | €1,372,389 | -€64,442 | -4.5% |
| Trade debts | 44 | €18,885 | €10,434 | -€8,450 | -44.7% |
| Suppliers | 440/4 | €18,885 | €10,434 | -€8,450 | -44.7% |
| Taxes, remuneration and social security | 45 | €44,913 | €54,277 | +€9,364 | +20.8% |
| Taxes | 450/3 | €44,913 | €54,277 | +€9,364 | +20.8% |
| Other amounts payable | 47/48 | €1,373,034 | €1,307,677 | -€65,356 | -4.8% |
| Accrued charges and deferred income | 492/3 | €21,956 | €221 | -€21,735 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €618,649 | €600,034 | -€18,615 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,900 | €10,840 | +€5,940 | +121% |
| Other operating charges | 640/8 | €99,285 | €98,333 | -€952 | -1.0% |
| Gross operating margin | 9900 | €846,335 | €1,070,195 | +€223,860 | +26.5% |
| Operating profit (loss) | 9901 | €123,500 | €360,987 | +€237,487 | +192% |
| Financial income | 75/76B | €367,546 | €718,553 | +€351,008 | +95.5% |
| Recurring financial income | 75 | €367,546 | €718,553 | +€351,008 | +95.5% |
| Financial charges | 65/66B | €215,303 | €12,535 | -€202,768 | -94.2% |
| Recurring financial charges | 65 | €215,303 | €12,535 | -€202,768 | -94.2% |
| Profit (loss) for the period before taxes | 9903 | €275,743 | €1,067,006 | +€791,263 | +287% |
| Transfer from deferred taxes | 780 | €87,905 | €85,013 | -€2,892 | -3.3% |
| Income taxes | 67/77 | €180,758 | €318,974 | +€138,216 | +76.5% |
| Profit (loss) for the period | 9904 | €182,890 | €833,044 | +€650,154 | +355% |
| Transfer from tax-exempt reserves | 789 | €170,715 | €165,098 | -€5,616 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €353,605 | €998,143 | +€644,538 | +182% |
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 14 October 2026 via checked.be.