RENODAK SYSTEMS: 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.
RENODAK SYSTEMS
Largest movements
- Tangible fixed assets -€890,002
down €890,002 (-98.4%), from €904,796 to €14,795
of which Land and buildings: -€875,002
- Cash +€125,857
up €125,857 (+2,542%), from €4,951 to €130,808
mainly Investment in fixed assets (net) (+€875,002) and Net result for the year (+€501,234)
- Receivables within one year +€34,116
up €34,116 (+52.7%), from €64,699 to €98,814
of which Other amounts receivable: +€43,090
- Revaluation surpluses -€771,659
no longer reported in 2025 (was €771,659)
- Profit (loss) carried forward +€393,705
no longer reported in 2025 (was -€393,705)
- Debts after one year -€366,859
no longer reported in 2025 (was €366,859)
- Reserves +€107,528
up €107,528 (+56.6%), from €189,965 to €297,493
of which Distributable reserves: +€107,528
- Other debts -€45,500
no longer reported in 2025 (was €45,500)
- Gross operating margin +€946,565
up €946,565, from -€279,005 to €667,559
- Financial charges +€125,455
up €125,455 (+746%), from €16,810 to €142,266
of which Non-recurring financial charges: +€122,905
- Depreciation -€55,998
down €55,998 (-78.9%), from €70,998 to €15,000
- Staff costs -€25,203
down €25,203 (-98.4%), from €25,603 to €399
- Taxes +€11,298
up €11,298 (+4,754%), from €238 to €11,536
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 | €1,138,886 | €399,302 | -€739,584 | -64.9% |
| Fixed assets | 21/28 | €904,796 | €14,795 | -€890,002 | -98.4% |
| Tangible fixed assets | 22/27 | €904,796 | €14,795 | -€890,002 | -98.4% |
| Land and buildings | 22 | €875,002 | - | -€875,002 | |
| Furniture and vehicles | 24 | €29,795 | €14,795 | -€15,000 | -50.3% |
| Current assets | 29/58 | €234,090 | €384,507 | +€150,417 | +64.3% |
| Amounts receivable after more than one year | 29 | €154,615 | €154,615 | = | 0.0% |
| Other amounts receivable | 291 | €154,615 | €154,615 | = | 0.0% |
| Stocks and contracts in progress | 3 | €9,825 | - | -€9,825 | |
| Stocks | 30/36 | €9,825 | - | -€9,825 | |
| Amounts receivable within one year | 40/41 | €64,699 | €98,814 | +€34,116 | +52.7% |
| Trade receivables | 40 | €10,156 | €1,182 | -€8,975 | -88.4% |
| Other amounts receivable | 41 | €54,543 | €97,633 | +€43,090 | +79.0% |
| Cash at bank and in hand | 54/58 | €4,951 | €130,808 | +€125,857 | +2,542% |
| Deferred charges and accrued income | 490/1 | - | €270 | +€270 | |
| Total equity and liabilities | 10/49 | €1,138,886 | €399,302 | -€739,584 | -64.9% |
| Equity | 10/15 | €629,918 | €359,493 | -€270,425 | -42.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €771,659 | - | -€771,659 | |
| Reserves | 13 | €189,965 | €297,493 | +€107,528 | +56.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €183,765 | €291,293 | +€107,528 | +58.5% |
| Profit (loss) carried forward | 14 | -€393,705 | - | +€393,705 | |
| Amounts payable | 17/49 | €508,968 | €39,809 | -€469,159 | -92.2% |
| Amounts payable after more than one year | 17 | €366,859 | - | -€366,859 | |
| Financial debts | 170/4 | €366,859 | - | -€366,859 | |
| Amounts payable within one year | 42/48 | €142,109 | €39,809 | -€102,301 | -72.0% |
| Current portion of amounts payable after more than one year | 42 | €47,841 | €15,558 | -€32,283 | -67.5% |
| Trade debts | 44 | €45,147 | €12,363 | -€32,784 | -72.6% |
| Suppliers | 440/4 | €45,147 | €12,363 | -€32,784 | -72.6% |
| Taxes, remuneration and social security | 45 | €3,621 | €11,888 | +€8,266 | +228% |
| Taxes | 450/3 | €1,021 | €11,888 | +€10,867 | +1,065% |
| Remuneration and social security | 454/9 | €2,601 | - | -€2,601 | |
| Other amounts payable | 47/48 | €45,500 | - | -€45,500 | |
| Non-recurring operating income | 76A | - | €746,657 | +€746,657 | |
| Remuneration, social security and pensions | 62 | €25,603 | €399 | -€25,203 | -98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,998 | €15,000 | -€55,998 | -78.9% |
| Other operating charges | 640/8 | €5,072 | €10,503 | +€5,431 | +107% |
| Gross operating margin | 9900 | -€279,005 | €667,559 | +€946,565 | |
| Operating profit (loss) | 9901 | -€380,678 | €641,658 | +€1.0m | |
| Financial income | 75/76B | €4,021 | €13,378 | +€9,357 | +233% |
| Recurring financial income | 75 | €4,021 | €13,378 | +€9,357 | +233% |
| Financial charges | 65/66B | €16,810 | €142,266 | +€125,455 | +746% |
| Recurring financial charges | 65 | €16,810 | €19,360 | +€2,550 | +15.2% |
| Non-recurring financial charges | 66B | - | €122,905 | +€122,905 | |
| Profit (loss) for the period before taxes | 9903 | -€393,468 | €512,769 | +€906,237 | |
| Income taxes | 67/77 | €238 | €11,536 | +€11,298 | +4,754% |
| Profit (loss) for the period | 9904 | -€393,705 | €501,234 | +€894,939 | |
| Profit (loss) for the period to be appropriated | 9905 | -€393,705 | €501,234 | +€894,939 |
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 15 October 2026 via checked.be.