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
- Tangible fixed assets +€41,904
up €41,904 (+1,062%), from €3,945 to €45,849
of which Furniture and vehicles: +€41,368
- Receivables within one year -€16,422
down €16,422 (-74.3%), from €22,108 to €5,686
of which Trade receivables: -€17,048
- Stocks and contracts -€6,303
no longer reported in 2025 (was €6,303)
- Cash -€2,028
down €2,028 (-3.0%), from €66,877 to €64,849
mainly Investment in fixed assets (net) (-€53,595) and Other debts (-€1,901)
- Profit (loss) carried forward +€12,896
up €12,896 (+88.9%), from -€14,506 to -€1,609
- Trade debts +€2,474
new in 2025: €2,474
- Short-term financial debts +€2,132
new in 2025: €2,132
- Tax, wage and social debts +€1,966
up €1,966 (+104%), from €1,894 to €3,860
of which Taxes: +€2,000
- Other debts -€1,901
down €1,901 (-22.6%), from €8,393 to €6,493
- Gross operating margin +€16,490
up €16,490 (+72.9%), from €22,630 to €39,119
- Depreciation +€9,830
up €9,830 (+528%), from €1,861 to €11,691
- Taxes +€7,016
up €7,016 (+5,695%), from €123 to €7,140
- Other operating charges +€6,146
up €6,146 (+648%), from €949 to €7,094
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 | €100,439 | €118,008 | +€17,568 | +17.5% |
| Fixed assets | 21/28 | €4,040 | €45,944 | +€41,904 | +1,037% |
| Tangible fixed assets | 22/27 | €3,945 | €45,849 | +€41,904 | +1,062% |
| Plant, machinery and equipment | 23 | €1,777 | €2,313 | +€536 | +30.2% |
| Furniture and vehicles | 24 | €2,168 | €43,536 | +€41,368 | +1,908% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €96,399 | €72,063 | -€24,336 | -25.2% |
| Stocks and contracts in progress | 3 | €6,303 | - | -€6,303 | |
| Stocks | 30/36 | €6,303 | - | -€6,303 | |
| Amounts receivable within one year | 40/41 | €22,108 | €5,686 | -€16,422 | -74.3% |
| Trade receivables | 40 | €19,451 | €2,403 | -€17,048 | -87.6% |
| Other amounts receivable | 41 | €2,658 | €3,284 | +€626 | +23.5% |
| Cash at bank and in hand | 54/58 | €66,877 | €64,849 | -€2,028 | -3.0% |
| Deferred charges and accrued income | 490/1 | €1,111 | €1,528 | +€417 | +37.5% |
| Total equity and liabilities | 10/49 | €100,439 | €118,008 | +€17,568 | +17.5% |
| Equity | 10/15 | €90,152 | €103,049 | +€12,896 | +14.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €98,458 | €98,458 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €96,598 | €96,598 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,506 | -€1,609 | +€12,896 | +88.9% |
| Amounts payable | 17/49 | €10,287 | €14,959 | +€4,672 | +45.4% |
| Amounts payable within one year | 42/48 | €10,287 | €14,959 | +€4,672 | +45.4% |
| Financial debts | 43 | - | €2,132 | +€2,132 | |
| Other loans | 439 | - | €2,132 | +€2,132 | |
| Trade debts | 44 | - | €2,474 | +€2,474 | |
| Suppliers | 440/4 | - | €2,474 | +€2,474 | |
| Taxes, remuneration and social security | 45 | €1,894 | €3,860 | +€1,966 | +104% |
| Taxes | 450/3 | - | €2,000 | +€2,000 | |
| Remuneration and social security | 454/9 | €1,894 | €1,860 | -€34 | -1.8% |
| Other amounts payable | 47/48 | €8,393 | €6,493 | -€1,901 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,861 | €11,691 | +€9,830 | +528% |
| Other operating charges | 640/8 | €949 | €7,094 | +€6,146 | +648% |
| Gross operating margin | 9900 | €22,630 | €39,119 | +€16,490 | +72.9% |
| Operating profit (loss) | 9901 | €19,820 | €20,334 | +€514 | +2.6% |
| Financial income | 75/76B | €0 | €2 | +€2 | +1,990% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +1,990% |
| Financial charges | 65/66B | €251 | €300 | +€49 | +19.5% |
| Recurring financial charges | 65 | €251 | €300 | +€49 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €19,569 | €20,036 | +€467 | +2.4% |
| Income taxes | 67/77 | €123 | €7,140 | +€7,016 | +5,695% |
| Profit (loss) for the period | 9904 | €19,445 | €12,896 | -€6,549 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,445 | €12,896 | -€6,549 | -33.7% |
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 21 October 2026 via checked.be.