RENODI: 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.
RENODI
Largest movements
- Cash +€4,299
up €4,299 (+159%), from €2,709 to €7,008
mainly Net result for the year (+€4,526) and Tax, wage and social debts (+€4,102)
- Tangible fixed assets -€3,232
down €3,232 (-28.7%), from €11,272 to €8,040
of which Plant, machinery and equipment: -€1,889
- Receivables within one year -€1,255
down €1,255 (-3.6%), from €34,738 to €33,483
of which Other amounts receivable: -€1,266
- Profit (loss) carried forward +€5,961
no longer reported in 2025 (was -€5,961)
- Tax, wage and social debts +€4,102
up €4,102 (+101%), from €4,079 to €8,181
of which Taxes: +€2,202
- Other debts -€3,095
down €3,095 (-26.4%), from €11,714 to €8,619
- Trade debts -€3,034
down €3,034 (-71.6%), from €4,235 to €1,201
- Advances received -€2,986
no longer reported in 2025 (was €2,986)
- Other operating charges -€4,953
down €4,953 (-62.6%), from €7,915 to €2,963
- Financial charges +€2,209
up €2,209 (+1,473%), from €150 to €2,359
- Gross operating margin -€347
down €347 (-2.0%), from €17,546 to €17,198
- Taxes +€271
up €271 (+6.9%), from €3,907 to €4,178
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 | €61,008 | €60,521 | -€486 | -0.8% |
| Fixed assets | 21/28 | €11,272 | €8,040 | -€3,232 | -28.7% |
| Tangible fixed assets | 22/27 | €11,272 | €8,040 | -€3,232 | -28.7% |
| Plant, machinery and equipment | 23 | €9,201 | €7,312 | -€1,889 | -20.5% |
| Furniture and vehicles | 24 | €2,071 | €728 | -€1,343 | -64.8% |
| Current assets | 29/58 | €49,735 | €52,481 | +€2,745 | +5.5% |
| Stocks and contracts in progress | 3 | €8,852 | €8,616 | -€236 | -2.7% |
| Stocks | 30/36 | €8,852 | €8,616 | -€236 | -2.7% |
| Amounts receivable within one year | 40/41 | €34,738 | €33,483 | -€1,255 | -3.6% |
| Trade receivables | 40 | €31,597 | €31,608 | +€10 | 0.0% |
| Other amounts receivable | 41 | €3,141 | €1,875 | -€1,266 | -40.3% |
| Cash at bank and in hand | 54/58 | €2,709 | €7,008 | +€4,299 | +159% |
| Deferred charges and accrued income | 490/1 | €3,437 | €3,375 | -€62 | -1.8% |
| Total equity and liabilities | 10/49 | €61,008 | €60,521 | -€486 | -0.8% |
| Equity | 10/15 | €37,993 | €42,519 | +€4,526 | +11.9% |
| Contributions | 10/11 | €13,197 | €13,197 | = | 0.0% |
| Reserves | 13 | €30,757 | €29,322 | -€1,435 | -4.7% |
| Distributable reserves | 133 | €30,757 | €29,322 | -€1,435 | -4.7% |
| Profit (loss) carried forward | 14 | -€5,961 | - | +€5,961 | |
| Amounts payable | 17/49 | €23,015 | €18,002 | -€5,013 | -21.8% |
| Amounts payable within one year | 42/48 | €23,015 | €18,002 | -€5,013 | -21.8% |
| Trade debts | 44 | €4,235 | €1,201 | -€3,034 | -71.6% |
| Suppliers | 440/4 | €4,235 | €1,201 | -€3,034 | -71.6% |
| Advances received on contracts in progress | 46 | €2,986 | - | -€2,986 | |
| Taxes, remuneration and social security | 45 | €4,079 | €8,181 | +€4,102 | +101% |
| Taxes | 450/3 | €4,079 | €6,281 | +€2,202 | +54.0% |
| Remuneration and social security | 454/9 | - | €1,900 | +€1,900 | |
| Other amounts payable | 47/48 | €11,714 | €8,619 | -€3,095 | -26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,254 | €3,232 | -€22 | -0.7% |
| Other operating charges | 640/8 | €7,915 | €2,963 | -€4,953 | -62.6% |
| Gross operating margin | 9900 | €17,546 | €17,198 | -€347 | -2.0% |
| Operating profit (loss) | 9901 | €6,376 | €11,004 | +€4,628 | +72.6% |
| Financial income | 75/76B | €111 | €59 | -€51 | -46.4% |
| Recurring financial income | 75 | €111 | €59 | -€51 | -46.4% |
| Financial charges | 65/66B | €150 | €2,359 | +€2,209 | +1,473% |
| Recurring financial charges | 65 | €150 | €2,359 | +€2,209 | +1,473% |
| Profit (loss) for the period before taxes | 9903 | €6,337 | €8,704 | +€2,368 | +37.4% |
| Income taxes | 67/77 | €3,907 | €4,178 | +€271 | +6.9% |
| Profit (loss) for the period | 9904 | €2,430 | €4,526 | +€2,097 | +86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,430 | €4,526 | +€2,097 | +86.3% |
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.