RENODEV: what changed
Two fiscal 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.
RENODEV
Largest movements
- Tangible fixed assets -€43,850
down €43,850 (-79.6%), from €55,064 to €11,214
of which Leasing and similar rights: -€35,516
- Receivables within one year -€11,528
down €11,528 (-10.4%), from €110,341 to €98,813
of which Trade receivables: -€14,446
- Trade debts -€55,444
down €55,444 (-57.6%), from €96,269 to €40,825
- Other debts +€16,997
new in 2025: €16,997
- Current portion of long-term debt -€13,166
no longer reported in 2025 (was €13,166)
- Debts after one year -€9,347
no longer reported in 2025 (was €9,347)
- Profit (loss) carried forward +€8,624
up €8,624 (+29.5%), from €29,206 to €37,830
- Gross operating margin +€36,689
up €36,689 (+81.4%), from €45,078 to €81,767
- Depreciation -€13,619
down €13,619 (-52.7%), from €25,865 to €12,246
- Staff costs +€8,509
up €8,509 (+26.4%), from €32,187 to €40,696
- Taxes +€3,070
up €3,070 (+455.9%), from €673 to €3,743
- Financial charges -€2,526
down €2,526 (-53.8%), from €4,695 to €2,169
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.
Cash bridge derived
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 | €167,603 | €112,404 | -€55,199 | -32.9% |
| Fixed assets | 21/28 | €55,427 | €11,577 | -€43,850 | -79.1% |
| Tangible fixed assets | 22/27 | €55,064 | €11,214 | -€43,850 | -79.6% |
| Plant, machinery and equipment | 23 | €963 | €188 | -€776 | -80.5% |
| Furniture and vehicles | 24 | €17,135 | €9,577 | -€7,558 | -44.1% |
| Leasing and similar rights | 25 | €36,966 | €1,450 | -€35,516 | -96.1% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €112,176 | €100,827 | -€11,349 | -10.1% |
| Amounts receivable within one year | 40/41 | €110,341 | €98,813 | -€11,528 | -10.4% |
| Trade receivables | 40 | €106,350 | €91,904 | -€14,446 | -13.6% |
| Other amounts receivable | 41 | €3,991 | €6,910 | +€2,918 | +73.1% |
| Current investments | 50/53 | €184 | €344 | +€160 | +86.7% |
| Cash at bank and in hand | 54/58 | €250 | €1,512 | +€1,262 | +505.4% |
| Deferred charges and accrued income | 490/1 | €1,401 | €158 | -€1,243 | -88.7% |
| Total equity and liabilities | 10/49 | €167,603 | €112,404 | -€55,199 | -32.9% |
| Equity | 10/15 | €33,206 | €41,830 | +€8,624 | +26.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,206 | €37,830 | +€8,624 | +29.5% |
| Amounts payable | 17/49 | €134,397 | €70,574 | -€63,823 | -47.5% |
| Amounts payable after more than one year | 17 | €9,347 | - | -€9,347 | |
| Financial debts | 170/4 | €9,347 | - | -€9,347 | |
| Amounts payable within one year | 42/48 | €125,050 | €70,574 | -€54,476 | -43.6% |
| Current portion of amounts payable after more than one year | 42 | €13,166 | - | -€13,166 | |
| Trade debts | 44 | €96,269 | €40,825 | -€55,444 | -57.6% |
| Suppliers | 440/4 | €96,269 | €40,825 | -€55,444 | -57.6% |
| Taxes, remuneration and social security | 45 | €15,615 | €12,752 | -€2,863 | -18.3% |
| Taxes | 450/3 | €8,237 | €4,416 | -€3,820 | -46.4% |
| Remuneration and social security | 454/9 | €7,379 | €8,336 | +€957 | +13.0% |
| Other amounts payable | 47/48 | - | €16,997 | +€16,997 | |
| Remuneration, social security and pensions | 62 | €32,187 | €40,696 | +€8,509 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,865 | €12,246 | -€13,619 | -52.7% |
| Other operating charges | 640/8 | €2,559 | €3,009 | +€450 | +17.6% |
| Non-recurring operating charges | 66A | €217 | €11,281 | +€11,065 | +5105.0% |
| Gross operating margin | 9900 | €45,078 | €81,767 | +€36,689 | +81.4% |
| Operating profit (loss) | 9901 | -€15,749 | €14,535 | +€30,284 | |
| Financial charges | 65/66B | €4,695 | €2,169 | -€2,526 | -53.8% |
| Recurring financial charges | 65 | €4,695 | €2,169 | -€2,526 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,444 | €12,367 | +€32,811 | |
| Income taxes | 67/77 | €673 | €3,743 | +€3,070 | +455.9% |
| Profit (loss) for the period | 9904 | -€21,117 | €8,624 | +€29,741 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,117 | €8,624 | +€29,741 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.