RENOCON: what changed
RENOCON
Largest movements
- Cash +€55,704
up €55,704 (+1,077%), from €5,173 to €60,878
mainly Net result for the year (+€60,627) and Trade debts (+€20,627)
- Receivables within one year +€17,758
up €17,758 (+42.9%), from €41,395 to €59,153
of which Trade receivables: +€19,896
- Tangible fixed assets -€6,734
down €6,734 (-7.0%), from €95,565 to €88,831
of which Land and buildings: -€11,093
- Profit (loss) carried forward +€59,794
up €59,794 (+6,456%), from €926 to €60,720
- Trade debts +€20,627
up €20,627 (+1,579%), from €1,306 to €21,933
- Debts after one year -€11,706
down €11,706 (-13.7%), from €85,410 to €73,705
of which Financial debts: -€9,206
- Other debts -€3,842
down €3,842 (-12.7%), from €30,231 to €26,389
- Gross operating margin +€47,682
up €47,682 (+166%), from €28,747 to €76,430
- Staff costs -€16,475
no longer reported in 2025 (was €16,475)
- Other operating charges -€2,582
down €2,582 (-97.3%), from €2,655 to €73
- Financial charges -€1,065
down €1,065 (-18.8%), from €5,670 to €4,605
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €142,133 | €208,862 | +€66,729 | +46.9% |
| Fixed assets | 21/28 | €95,565 | €88,831 | -€6,734 | -7.0% |
| Tangible fixed assets | 22/27 | €95,565 | €88,831 | -€6,734 | -7.0% |
| Land and buildings | 22 | €95,565 | €84,472 | -€11,093 | -11.6% |
| Plant, machinery and equipment | 23 | - | €4,359 | +€4,359 | |
| Current assets | 29/58 | €46,569 | €120,031 | +€73,463 | +158% |
| Amounts receivable within one year | 40/41 | €41,395 | €59,153 | +€17,758 | +42.9% |
| Trade receivables | 40 | €37,171 | €57,067 | +€19,896 | +53.5% |
| Other amounts receivable | 41 | €4,224 | €2,087 | -€2,137 | -50.6% |
| Cash at bank and in hand | 54/58 | €5,173 | €60,878 | +€55,704 | +1,077% |
| Total equity and liabilities | 10/49 | €142,133 | €208,862 | +€66,729 | +46.9% |
| Equity | 10/15 | €15,186 | €74,980 | +€59,794 | +394% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €926 | €60,720 | +€59,794 | +6,456% |
| Amounts payable | 17/49 | €126,947 | €133,882 | +€6,935 | +5.5% |
| Amounts payable after more than one year | 17 | €85,410 | €73,705 | -€11,706 | -13.7% |
| Financial debts | 170/4 | €82,910 | €73,705 | -€9,206 | -11.1% |
| Other amounts payable | 178/9 | €2,500 | - | -€2,500 | |
| Amounts payable within one year | 42/48 | €41,537 | €60,177 | +€18,641 | +44.9% |
| Current portion of amounts payable after more than one year | 42 | €8,848 | €9,206 | +€358 | +4.0% |
| Trade debts | 44 | €1,306 | €21,933 | +€20,627 | +1,579% |
| Suppliers | 440/4 | €1,306 | €21,933 | +€20,627 | +1,579% |
| Taxes, remuneration and social security | 45 | €1,152 | €2,649 | +€1,497 | +130% |
| Taxes | 450/3 | €646 | €2,649 | +€2,002 | +310% |
| Remuneration and social security | 454/9 | €506 | - | -€506 | |
| Other amounts payable | 47/48 | €30,231 | €26,389 | -€3,842 | -12.7% |
| Remuneration, social security and pensions | 62 | €16,475 | - | -€16,475 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,093 | €11,127 | +€34 | +0.3% |
| Other operating charges | 640/8 | €2,655 | €73 | -€2,582 | -97.3% |
| Gross operating margin | 9900 | €28,747 | €76,430 | +€47,682 | +166% |
| Operating profit (loss) | 9901 | -€1,475 | €65,230 | +€66,705 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €5,670 | €4,605 | -€1,065 | -18.8% |
| Recurring financial charges | 65 | €5,670 | €4,605 | -€1,065 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,144 | €60,627 | +€67,772 | |
| Profit (loss) for the period | 9904 | -€7,144 | €60,627 | +€67,772 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,144 | €60,627 | +€67,772 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.