RENODAF: 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.
RENODAF
Largest movements
- Receivables within one year -€13,589
down €13,589 (-61.4%), from €22,149 to €8,560
of which Trade receivables: -€11,826
- Tangible fixed assets -€7,972
down €7,972 (-39.9%), from €19,998 to €12,025
of which Furniture and vehicles: -€7,508
- Cash +€6,404
up €6,404 (+84.0%), from €7,625 to €14,030
mainly Receivables within one year (+€13,589) and Depreciation (+€8,596)
- Receivables after one year -€2,499
down €2,499 (-39.2%), from €6,369 to €3,870
- Profit (loss) carried forward -€9,205
down €9,205 (-40.0%), from -€23,020 to -€32,225
- Debts after one year -€5,093
down €5,093 (-79.9%), from €6,375 to €1,282
- Tax, wage and social debts -€2,015
down €2,015 (-61.1%), from €3,298 to €1,282
of which Remuneration and social security: -€2,053
- Other debts -€620
down €620 (-16.9%), from €3,663 to €3,043
- Gross operating margin -€8,951
down €8,951 (-98.1%), from €9,123 to €171
- Depreciation -€577
down €577 (-6.3%), from €9,174 to €8,596
- Other operating charges -€206
down €206 (-17.8%), from €1,159 to €954
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,525 | €41,100 | -€17,425 | -29.8% |
| Fixed assets | 21/28 | €19,998 | €12,025 | -€7,972 | -39.9% |
| Tangible fixed assets | 22/27 | €19,998 | €12,025 | -€7,972 | -39.9% |
| Plant, machinery and equipment | 23 | €3,018 | €2,554 | -€465 | -15.4% |
| Furniture and vehicles | 24 | €16,979 | €9,472 | -€7,508 | -44.2% |
| Current assets | 29/58 | €38,527 | €29,074 | -€9,453 | -24.5% |
| Amounts receivable after more than one year | 29 | €6,369 | €3,870 | -€2,499 | -39.2% |
| Other amounts receivable | 291 | €6,369 | €3,870 | -€2,499 | -39.2% |
| Amounts receivable within one year | 40/41 | €22,149 | €8,560 | -€13,589 | -61.4% |
| Trade receivables | 40 | €17,836 | €6,010 | -€11,826 | -66.3% |
| Other amounts receivable | 41 | €4,314 | €2,550 | -€1,763 | -40.9% |
| Cash at bank and in hand | 54/58 | €7,625 | €14,030 | +€6,404 | +84.0% |
| Deferred charges and accrued income | 490/1 | €2,383 | €2,614 | +€231 | +9.7% |
| Total equity and liabilities | 10/49 | €58,525 | €41,100 | -€17,425 | -29.8% |
| Equity | 10/15 | €36,211 | €27,006 | -€9,205 | -25.4% |
| Contributions | 10/11 | €9,600 | €9,600 | = | 0.0% |
| Reserves | 13 | €49,630 | €49,630 | = | 0.0% |
| Distributable reserves | 133 | €49,630 | €49,630 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,020 | -€32,225 | -€9,205 | -40.0% |
| Amounts payable | 17/49 | €22,314 | €14,094 | -€8,220 | -36.8% |
| Amounts payable after more than one year | 17 | €6,375 | €1,282 | -€5,093 | -79.9% |
| Financial debts | 170/4 | €6,375 | €1,282 | -€5,093 | -79.9% |
| Amounts payable within one year | 42/48 | €15,915 | €12,812 | -€3,103 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €5,039 | €5,093 | +€54 | +1.1% |
| Trade debts | 44 | €3,915 | €3,393 | -€522 | -13.3% |
| Suppliers | 440/4 | €3,915 | €3,393 | -€522 | -13.3% |
| Taxes, remuneration and social security | 45 | €3,298 | €1,282 | -€2,015 | -61.1% |
| Taxes | 450/3 | €1,245 | €1,282 | +€38 | +3.0% |
| Remuneration and social security | 454/9 | €2,053 | - | -€2,053 | |
| Other amounts payable | 47/48 | €3,663 | €3,043 | -€620 | -16.9% |
| Accrued charges and deferred income | 492/3 | €24 | - | -€24 | |
| Non-recurring operating income | 76A | - | €172 | +€172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,174 | €8,596 | -€577 | -6.3% |
| Other operating charges | 640/8 | €1,159 | €954 | -€206 | -17.8% |
| Non-recurring operating charges | 66A | €328 | - | -€328 | |
| Gross operating margin | 9900 | €9,123 | €171 | -€8,951 | -98.1% |
| Operating profit (loss) | 9901 | -€1,539 | -€9,379 | -€7,840 | -510% |
| Financial income | 75/76B | €703 | €661 | -€42 | -5.9% |
| Recurring financial income | 75 | €703 | €661 | -€42 | -5.9% |
| Financial charges | 65/66B | €391 | €346 | -€45 | -11.4% |
| Recurring financial charges | 65 | €391 | €346 | -€45 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,227 | -€9,064 | -€7,837 | -639% |
| Income taxes | 67/77 | €139 | €141 | +€2 | +1.3% |
| Profit (loss) for the period | 9904 | -€1,366 | -€9,205 | -€7,839 | -574% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,366 | -€9,205 | -€7,839 | -574% |
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.