RENODEL: 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.
RENODEL
Largest movements
- Receivables within one year +€32,120
up €32,120 (+75.7%), from €42,425 to €74,545
of which Trade receivables: +€23,956
- Cash -€24,784
down €24,784 (-56.6%), from €43,820 to €19,036
mainly Receivables within one year (-€32,120) and Trade debts (-€10,509)
- Tangible fixed assets -€4,963
down €4,963 (-69.9%), from €7,102 to €2,139
of which Furniture and vehicles: -€5,109
- Profit (loss) carried forward +€10,514
up €10,514 (+15.6%), from €67,327 to €77,840
- Trade debts -€10,509
down €10,509 (-79.9%), from €13,159 to €2,650
- Tax, wage and social debts +€2,425
up €2,425 (+32.9%), from €7,365 to €9,789
- Gross operating margin -€10,982
down €10,982 (-37.3%), from €29,405 to €18,423
- Taxes -€2,572
down €2,572 (-41.6%), from €6,180 to €3,609
- Other operating charges -€662
down €662 (-32.6%), from €2,032 to €1,370
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 | €96,690 | €98,591 | +€1,902 | +2.0% |
| Fixed assets | 21/28 | €7,102 | €2,139 | -€4,963 | -69.9% |
| Tangible fixed assets | 22/27 | €7,102 | €2,139 | -€4,963 | -69.9% |
| Plant, machinery and equipment | 23 | €839 | €985 | +€146 | +17.4% |
| Furniture and vehicles | 24 | €6,264 | €1,154 | -€5,109 | -81.6% |
| Current assets | 29/58 | €89,587 | €96,452 | +€6,865 | +7.7% |
| Stocks and contracts in progress | 3 | €2,201 | €1,723 | -€478 | -21.7% |
| Stocks | 30/36 | €2,201 | €1,723 | -€478 | -21.7% |
| Amounts receivable within one year | 40/41 | €42,425 | €74,545 | +€32,120 | +75.7% |
| Trade receivables | 40 | €41,997 | €65,953 | +€23,956 | +57.0% |
| Other amounts receivable | 41 | €427 | €8,592 | +€8,165 | +1,910% |
| Cash at bank and in hand | 54/58 | €43,820 | €19,036 | -€24,784 | -56.6% |
| Deferred charges and accrued income | 490/1 | €1,142 | €1,148 | +€7 | +0.6% |
| Total equity and liabilities | 10/49 | €96,690 | €98,591 | +€1,902 | +2.0% |
| Equity | 10/15 | €73,527 | €84,040 | +€10,514 | +14.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,327 | €77,840 | +€10,514 | +15.6% |
| Amounts payable | 17/49 | €23,163 | €14,551 | -€8,612 | -37.2% |
| Amounts payable within one year | 42/48 | €23,163 | €14,551 | -€8,612 | -37.2% |
| Trade debts | 44 | €13,159 | €2,650 | -€10,509 | -79.9% |
| Suppliers | 440/4 | €13,159 | €2,650 | -€10,509 | -79.9% |
| Advances received on contracts in progress | 46 | €1,505 | €1,505 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,365 | €9,789 | +€2,425 | +32.9% |
| Taxes | 450/3 | €7,365 | €9,789 | +€2,425 | +32.9% |
| Other amounts payable | 47/48 | €1,135 | €606 | -€528 | -46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,466 | €1,367 | -€99 | -6.8% |
| Other operating charges | 640/8 | €2,032 | €1,370 | -€662 | -32.6% |
| Non-recurring operating charges | 66A | - | €643 | +€643 | |
| Gross operating margin | 9900 | €29,405 | €18,423 | -€10,982 | -37.3% |
| Operating profit (loss) | 9901 | €25,907 | €15,043 | -€10,864 | -41.9% |
| Financial income | 75/76B | €13 | €1 | -€12 | -91.4% |
| Recurring financial income | 75 | €13 | €1 | -€12 | -91.4% |
| Financial charges | 65/66B | €1,181 | €921 | -€260 | -22.0% |
| Recurring financial charges | 65 | €1,181 | €921 | -€260 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €24,739 | €14,123 | -€10,616 | -42.9% |
| Income taxes | 67/77 | €6,180 | €3,609 | -€2,572 | -41.6% |
| Profit (loss) for the period | 9904 | €18,558 | €10,514 | -€8,044 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,558 | €10,514 | -€8,044 | -43.3% |
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 16 October 2026 via checked.be.