RENODECO: 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.
RENODECO
Largest movements
- Receivables within one year -€34,334
down €34,334 (-37.9%), from €90,621 to €56,287
of which Trade receivables: -€31,992
- Cash +€18,874
up €18,874 (+359%), from €5,253 to €24,127
mainly Receivables within one year (+€34,334) and Depreciation (+€27,033)
- Tangible fixed assets -€5,796
down €5,796 (-3.1%), from €187,555 to €181,759
of which Land and buildings: -€12,699
- Trade debts -€18,350
down €18,350 (-34.9%), from €52,566 to €34,216
- Debts after one year -€16,788
down €16,788 (-12.7%), from €131,676 to €114,888
- Reserves +€14,276
up €14,276 (+15.7%), from €90,847 to €105,123
of which Distributable reserves: +€17,004
- Gross operating margin -€23,651
down €23,651 (-30.5%), from €77,572 to €53,921
- Other operating charges -€10,765
down €10,765 (-71.6%), from €15,036 to €4,272
- Depreciation -€9,350
down €9,350 (-25.7%), from €36,383 to €27,033
- Financial charges -€3,279
down €3,279 (-49.3%), from €6,656 to €3,377
of which Non-recurring financial charges: -€2,457
- Taxes +€1,203
up €1,203 (+20.0%), from €6,028 to €7,231
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 | €331,080 | €308,429 | -€22,651 | -6.8% |
| Fixed assets | 21/28 | €189,705 | €183,709 | -€5,996 | -3.2% |
| Tangible fixed assets | 22/27 | €187,555 | €181,759 | -€5,796 | -3.1% |
| Land and buildings | 22 | €165,087 | €152,388 | -€12,699 | -7.7% |
| Plant, machinery and equipment | 23 | €8,547 | €8,252 | -€295 | -3.5% |
| Furniture and vehicles | 24 | €13,244 | €5,943 | -€7,300 | -55.1% |
| Leasing and similar rights | 25 | €0 | - | -€0 | |
| Other tangible fixed assets | 26 | €677 | €15,175 | +€14,498 | +2,142% |
| Financial fixed assets | 28 | €2,150 | €1,950 | -€200 | -9.3% |
| Current assets | 29/58 | €141,375 | €124,720 | -€16,655 | -11.8% |
| Amounts receivable after more than one year | 29 | €41,880 | €39,600 | -€2,280 | -5.4% |
| Other amounts receivable | 291 | €41,880 | €39,600 | -€2,280 | -5.4% |
| Stocks and contracts in progress | 3 | €2,980 | €3,811 | +€831 | +27.9% |
| Stocks | 30/36 | €2,980 | €3,811 | +€831 | +27.9% |
| Amounts receivable within one year | 40/41 | €90,621 | €56,287 | -€34,334 | -37.9% |
| Trade receivables | 40 | €87,329 | €55,338 | -€31,992 | -36.6% |
| Other amounts receivable | 41 | €3,291 | €949 | -€2,342 | -71.2% |
| Cash at bank and in hand | 54/58 | €5,253 | €24,127 | +€18,874 | +359% |
| Deferred charges and accrued income | 490/1 | €642 | €895 | +€253 | +39.5% |
| Total equity and liabilities | 10/49 | €331,080 | €308,429 | -€22,651 | -6.8% |
| Equity | 10/15 | €109,397 | €123,673 | +€14,276 | +13.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €90,847 | €105,123 | +€14,276 | +15.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,664 | €5,937 | -€2,727 | -31.5% |
| Distributable reserves | 133 | €80,328 | €97,332 | +€17,004 | +21.2% |
| Provisions and deferred taxes | 16 | €2,166 | €1,484 | -€682 | -31.5% |
| Deferred taxes | 168 | €2,166 | €1,484 | -€682 | -31.5% |
| Amounts payable | 17/49 | €219,517 | €183,271 | -€36,245 | -16.5% |
| Amounts payable after more than one year | 17 | €131,676 | €114,888 | -€16,788 | -12.7% |
| Financial debts | 170/4 | €131,676 | €114,888 | -€16,788 | -12.7% |
| Amounts payable within one year | 42/48 | €87,841 | €68,384 | -€19,457 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €18,209 | €16,788 | -€1,421 | -7.8% |
| Financial debts | 43 | €1,842 | €9 | -€1,834 | -99.5% |
| Credit institutions | 430/8 | €1,842 | €9 | -€1,834 | -99.5% |
| Trade debts | 44 | €52,566 | €34,216 | -€18,350 | -34.9% |
| Suppliers | 440/4 | €52,566 | €34,216 | -€18,350 | -34.9% |
| Taxes, remuneration and social security | 45 | €8,706 | €8,825 | +€119 | +1.4% |
| Taxes | 450/3 | €8,706 | €8,825 | +€119 | +1.4% |
| Other amounts payable | 47/48 | €6,517 | €8,545 | +€2,028 | +31.1% |
| Non-recurring operating income | 76A | - | €25 | +€25 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,383 | €27,033 | -€9,350 | -25.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€345 | -€345 | |
| Other operating charges | 640/8 | €15,036 | €4,272 | -€10,765 | -71.6% |
| Non-recurring operating charges | 66A | €6,512 | - | -€6,512 | |
| Gross operating margin | 9900 | €77,572 | €53,921 | -€23,651 | -30.5% |
| Operating profit (loss) | 9901 | €19,641 | €22,962 | +€3,321 | +16.9% |
| Financial income | 75/76B | €106 | €1,241 | +€1,134 | +1,069% |
| Recurring financial income | 75 | €106 | €1,241 | +€1,134 | +1,069% |
| Financial charges | 65/66B | €6,656 | €3,377 | -€3,279 | -49.3% |
| Recurring financial charges | 65 | €4,200 | €3,377 | -€823 | -19.6% |
| Non-recurring financial charges | 66B | €2,457 | - | -€2,457 | |
| Profit (loss) for the period before taxes | 9903 | €13,091 | €20,825 | +€7,735 | +59.1% |
| Transfer from deferred taxes | 780 | €3,034 | €3,409 | +€375 | +12.4% |
| Income taxes | 67/77 | €6,028 | €7,231 | +€1,203 | +20.0% |
| Profit (loss) for the period | 9904 | €10,097 | €17,004 | +€6,907 | +68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,097 | €17,004 | +€6,907 | +68.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.