RENODEX: 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.
RENODEX
Largest movements
- Stocks and contracts +€95,536
up €95,536 (+34.0%), from €280,583 to €376,119
- Cash +€56,686
up €56,686 (+238.4%), from €23,774 to €80,460
mainly Trade debts (+€120,943) and Short-term financial debts (+€28,231)
- Tangible fixed assets -€26,694
down €26,694 (-20.1%), from €132,477 to €105,783
of which Furniture and vehicles: -€18,825
- Receivables within one year +€14,496
up €14,496 (+6.4%), from €226,441 to €240,936
of which Trade receivables: +€9,789
- Trade debts +€120,943
up €120,943 (+157.9%), from €76,597 to €197,540
- Short-term financial debts +€28,231
up €28,231 (+11.6%), from €242,769 to €271,000
- Tax, wage and social debts -€26,030
down €26,030 (-39.7%), from €65,528 to €39,498
of which Taxes: -€23,203
- Profit (loss) carried forward +€21,101
up €21,101 (+10.1%), from €209,071 to €230,172
- Debts after one year -€10,762
down €10,762 (-43.8%), from €24,573 to €13,811
- Financial charges +€8,037
up €8,037 (+58.1%), from €13,843 to €21,879
- Staff costs -€6,266
down €6,266 (-14.9%), from €42,152 to €35,886
- Depreciation -€5,030
down €5,030 (-17.3%), from €29,044 to €24,014
- Other operating charges +€4,279
up €4,279 (+52.4%), from €8,172 to €12,451
- Taxes -€2,488
down €2,488 (-17.8%), from €13,961 to €11,473
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €670,231 | €809,992 | +€139,760 | +20.9% |
| Fixed assets | 21/28 | €132,757 | €106,063 | -€26,694 | -20.1% |
| Tangible fixed assets | 22/27 | €132,477 | €105,783 | -€26,694 | -20.1% |
| Land and buildings | 22 | €61,750 | €57,000 | -€4,750 | -7.7% |
| Plant, machinery and equipment | 23 | €8,873 | €7,490 | -€1,383 | -15.6% |
| Furniture and vehicles | 24 | €53,321 | €34,496 | -€18,825 | -35.3% |
| Leasing and similar rights | 25 | €8,533 | €6,798 | -€1,736 | -20.3% |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €537,474 | €703,928 | +€166,454 | +31.0% |
| Stocks and contracts in progress | 3 | €280,583 | €376,119 | +€95,536 | +34.0% |
| Stocks | 30/36 | €280,583 | €376,119 | +€95,536 | +34.0% |
| Amounts receivable within one year | 40/41 | €226,441 | €240,936 | +€14,496 | +6.4% |
| Trade receivables | 40 | €212,156 | €221,945 | +€9,789 | +4.6% |
| Other amounts receivable | 41 | €14,285 | €18,991 | +€4,707 | +32.9% |
| Cash at bank and in hand | 54/58 | €23,774 | €80,460 | +€56,686 | +238.4% |
| Deferred charges and accrued income | 490/1 | €6,677 | €6,413 | -€264 | -3.9% |
| Total equity and liabilities | 10/49 | €670,231 | €809,992 | +€139,760 | +20.9% |
| Equity | 10/15 | €217,231 | €238,332 | +€21,101 | +9.7% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €209,071 | €230,172 | +€21,101 | +10.1% |
| Amounts payable | 17/49 | €453,001 | €571,660 | +€118,659 | +26.2% |
| Amounts payable after more than one year | 17 | €24,573 | €13,811 | -€10,762 | -43.8% |
| Financial debts | 170/4 | €24,573 | €13,811 | -€10,762 | -43.8% |
| Amounts payable within one year | 42/48 | €428,428 | €557,849 | +€129,422 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | €10,515 | €10,762 | +€248 | +2.4% |
| Financial debts | 43 | €242,769 | €271,000 | +€28,231 | +11.6% |
| Credit institutions | 430/8 | €242,769 | €271,000 | +€28,231 | +11.6% |
| Trade debts | 44 | €76,597 | €197,540 | +€120,943 | +157.9% |
| Suppliers | 440/4 | €76,597 | €197,540 | +€120,943 | +157.9% |
| Taxes, remuneration and social security | 45 | €65,528 | €39,498 | -€26,030 | -39.7% |
| Taxes | 450/3 | €57,457 | €34,255 | -€23,203 | -40.4% |
| Remuneration and social security | 454/9 | €8,071 | €5,244 | -€2,828 | -35.0% |
| Other amounts payable | 47/48 | €33,018 | €39,048 | +€6,030 | +18.3% |
| Remuneration, social security and pensions | 62 | €42,152 | €35,886 | -€6,266 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,044 | €24,014 | -€5,030 | -17.3% |
| Other operating charges | 640/8 | €8,172 | €12,451 | +€4,279 | +52.4% |
| Gross operating margin | 9900 | €128,492 | €126,685 | -€1,807 | -1.4% |
| Operating profit (loss) | 9901 | €49,124 | €54,334 | +€5,210 | +10.6% |
| Financial income | 75/76B | €685 | €120 | -€565 | -82.4% |
| Recurring financial income | 75 | €685 | €120 | -€565 | -82.4% |
| Financial charges | 65/66B | €13,843 | €21,879 | +€8,037 | +58.1% |
| Recurring financial charges | 65 | €13,843 | €21,879 | +€8,037 | +58.1% |
| Profit (loss) for the period before taxes | 9903 | €35,966 | €32,575 | -€3,391 | -9.4% |
| Income taxes | 67/77 | €13,961 | €11,473 | -€2,488 | -17.8% |
| Profit (loss) for the period | 9904 | €22,005 | €21,101 | -€904 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,005 | €21,101 | -€904 | -4.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.