RENOCX: 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.
RENOCX
Largest movements
- Stocks and contracts +€13,411
new in 2025: €13,411
- Tangible fixed assets -€8,623
down €8,623 (-37.3%), from €23,129 to €14,506
- Cash +€6,573
up €6,573 (+111.9%), from €5,876 to €12,449
mainly Depreciation (+€10,396) and Trade debts (+€6,927)
- Receivables within one year -€5,720
down €5,720 (-14.4%), from €39,854 to €34,134
of which Other amounts receivable: -€3,456
- Intangible fixed assets -€1,000
down €1,000 (-25.7%), from €3,885 to €2,885
- Trade debts +€6,927
up €6,927 (+45.1%), from €15,346 to €22,273
- Debts after one year -€4,553
down €4,553 (-29.6%), from €15,373 to €10,820
of which Financial debts: -€9,073
- Gross operating margin -€26,435
down €26,435 (-65.1%), from €40,590 to €14,155
- Taxes -€7,086
down €7,086 (-91.0%), from €7,790 to €704
- Other operating charges -€1,210
down €1,210 (-63.9%), from €1,895 to €685
- Depreciation +€564
up €564 (+5.7%), from €9,832 to €10,396
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 | €74,792 | €78,863 | +€4,071 | +5.4% |
| Formation expenses | 20 | €1,464 | €691 | -€773 | -52.8% |
| Fixed assets | 21/28 | €27,014 | €17,391 | -€9,623 | -35.6% |
| Intangible fixed assets | 21 | €3,885 | €2,885 | -€1,000 | -25.7% |
| Tangible fixed assets | 22/27 | €23,129 | €14,506 | -€8,623 | -37.3% |
| Furniture and vehicles | 24 | €23,129 | €14,506 | -€8,623 | -37.3% |
| Current assets | 29/58 | €46,314 | €60,781 | +€14,467 | +31.2% |
| Stocks and contracts in progress | 3 | - | €13,411 | +€13,411 | |
| Stocks | 30/36 | - | €13,411 | +€13,411 | |
| Amounts receivable within one year | 40/41 | €39,854 | €34,134 | -€5,720 | -14.4% |
| Trade receivables | 40 | €31,627 | €29,363 | -€2,264 | -7.2% |
| Other amounts receivable | 41 | €8,227 | €4,771 | -€3,456 | -42.0% |
| Cash at bank and in hand | 54/58 | €5,876 | €12,449 | +€6,573 | +111.9% |
| Deferred charges and accrued income | 490/1 | €583 | €786 | +€203 | +34.8% |
| Total equity and liabilities | 10/49 | €74,792 | €78,863 | +€4,071 | +5.4% |
| Equity | 10/15 | €22,376 | €22,376 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €19,376 | €19,376 | = | 0.0% |
| Distributable reserves | 133 | €19,376 | €19,376 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €52,416 | €56,487 | +€4,071 | +7.8% |
| Amounts payable after more than one year | 17 | €15,373 | €10,820 | -€4,553 | -29.6% |
| Financial debts | 170/4 | €11,397 | €2,324 | -€9,073 | -79.6% |
| Other amounts payable | 178/9 | €3,977 | €8,496 | +€4,519 | +113.6% |
| Amounts payable within one year | 42/48 | €37,030 | €45,667 | +€8,637 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €8,725 | €9,073 | +€347 | +4.0% |
| Trade debts | 44 | €15,346 | €22,273 | +€6,927 | +45.1% |
| Suppliers | 440/4 | €15,346 | €22,273 | +€6,927 | +45.1% |
| Taxes, remuneration and social security | 45 | €12,100 | €12,804 | +€704 | +5.8% |
| Taxes | 450/3 | €10,100 | €10,804 | +€704 | +7.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €859 | €1,518 | +€659 | +76.7% |
| Accrued charges and deferred income | 492/3 | €12 | €0 | -€12 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,832 | €10,396 | +€564 | +5.7% |
| Other operating charges | 640/8 | €1,895 | €685 | -€1,210 | -63.9% |
| Gross operating margin | 9900 | €40,590 | €14,155 | -€26,435 | -65.1% |
| Operating profit (loss) | 9901 | €28,863 | €3,074 | -€25,789 | -89.3% |
| Financial income | 75/76B | €57 | €223 | +€166 | +288.7% |
| Recurring financial income | 75 | €57 | €223 | +€166 | +288.7% |
| Financial charges | 65/66B | €896 | €1,076 | +€180 | +20.1% |
| Recurring financial charges | 65 | €896 | €1,076 | +€180 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €28,025 | €2,221 | -€25,804 | -92.1% |
| Income taxes | 67/77 | €7,790 | €704 | -€7,086 | -91.0% |
| Profit (loss) for the period | 9904 | €20,235 | €1,518 | -€18,717 | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,235 | €1,518 | -€18,717 | -92.5% |
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 6 October 2026 via checked.be.