Renocon: 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.
Renocon
Largest movements
- Receivables within one year +€62,166
up €62,166 (+43.8%), from €141,775 to €203,941
of which Other amounts receivable: +€37,187
- Cash -€23,560
down €23,560 (-78.2%), from €30,141 to €6,581
mainly Receivables within one year (-€62,166) and Investment in fixed assets (net) (-€29,662)
- Tangible fixed assets +€23,272
up €23,272 (+45.9%), from €50,684 to €73,956
of which Leasing and similar rights: +€20,473
- Trade debts +€42,867
up €42,867 (+120.8%), from €35,473 to €78,340
- Debts after one year +€18,189
up €18,189 (+10.4%), from €174,403 to €192,593
- Staff costs +€86,950
up €86,950 (+126.4%), from €68,782 to €155,732
- Gross operating margin +€55,382
up €55,382 (+36.8%), from €150,642 to €206,024
- Depreciation -€8,509
down €8,509 (-57.1%), from €14,899 to €6,390
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 | €232,255 | €291,872 | +€59,617 | +25.7% |
| Fixed assets | 21/28 | €55,684 | €78,956 | +€23,272 | +41.8% |
| Tangible fixed assets | 22/27 | €50,684 | €73,956 | +€23,272 | +45.9% |
| Furniture and vehicles | 24 | - | €2,799 | +€2,799 | |
| Leasing and similar rights | 25 | €50,684 | €71,157 | +€20,473 | +40.4% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €176,571 | €212,915 | +€36,345 | +20.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €141,775 | €203,941 | +€62,166 | +43.8% |
| Trade receivables | 40 | €69,079 | €94,059 | +€24,980 | +36.2% |
| Other amounts receivable | 41 | €72,695 | €109,882 | +€37,187 | +51.2% |
| Cash at bank and in hand | 54/58 | €30,141 | €6,581 | -€23,560 | -78.2% |
| Deferred charges and accrued income | 490/1 | €4,655 | €2,393 | -€2,262 | -48.6% |
| Total equity and liabilities | 10/49 | €232,255 | €291,872 | +€59,617 | +25.7% |
| Equity | 10/15 | -€15,312 | -€18,151 | -€2,839 | -18.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,312 | -€38,151 | -€2,839 | -8.0% |
| Amounts payable | 17/49 | €247,567 | €310,023 | +€62,456 | +25.2% |
| Amounts payable after more than one year | 17 | €174,403 | €192,593 | +€18,189 | +10.4% |
| Financial debts | 170/4 | €174,403 | €192,593 | +€18,189 | +10.4% |
| Amounts payable within one year | 42/48 | €72,830 | €115,085 | +€42,256 | +58.0% |
| Current portion of amounts payable after more than one year | 42 | €13,073 | €10,870 | -€2,203 | -16.9% |
| Trade debts | 44 | €35,473 | €78,340 | +€42,867 | +120.8% |
| Suppliers | 440/4 | €35,473 | €78,340 | +€42,867 | +120.8% |
| Taxes, remuneration and social security | 45 | €24,283 | €25,875 | +€1,592 | +6.6% |
| Taxes | 450/3 | €19,742 | €1,947 | -€17,795 | -90.1% |
| Remuneration and social security | 454/9 | €4,541 | €23,928 | +€19,387 | +426.9% |
| Accrued charges and deferred income | 492/3 | €334 | €2,345 | +€2,011 | +602.1% |
| Remuneration, social security and pensions | 62 | €68,782 | €155,732 | +€86,950 | +126.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,899 | €6,390 | -€8,509 | -57.1% |
| Other operating charges | 640/8 | €1,531 | €3,573 | +€2,042 | +133.4% |
| Non-recurring operating charges | 66A | - | €34,491 | +€34,491 | |
| Gross operating margin | 9900 | €150,642 | €206,024 | +€55,382 | +36.8% |
| Operating profit (loss) | 9901 | €65,430 | €5,839 | -€59,592 | -91.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,521 | €8,678 | +€157 | +1.8% |
| Recurring financial charges | 65 | €8,521 | €8,678 | +€157 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €56,910 | -€2,839 | -€59,749 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €56,910 | -€2,839 | -€59,749 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,910 | -€2,839 | -€59,749 |
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 28 September 2026 via checked.be.