Renofield: 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.
Renofield
Largest movements
- Cash -€1.1m
down €1.1m (-92.9%), from €1.2m to €83,775
- Tangible fixed assets -€140,910
down €140,910 (-51.6%), from €272,929 to €132,018
- Receivables within one year -€51,630
down €51,630 (-2.9%), from €1.8m to €1.7m
of which Other amounts receivable: -€446,826
- Advances received -€977,042
down €977,042 (-39.9%), from €2.4m to €1.5m
- Tax, wage and social debts -€142,303
down €142,303 (-60.0%), from €237,259 to €94,956
of which Taxes: -€75,441
- Trade debts -€136,769
down €136,769 (-63.1%), from €216,739 to €79,970
- Debts after one year -€65,785
down €65,785 (-55.1%), from €119,494 to €53,709
- Staff costs +€449,414
up €449,414 (+54.3%), from €827,607 to €1.3m
- Gross operating margin +€302,973
up €302,973 (+27.4%), from €1.1m to €1.4m
- Depreciation +€58,570
up €58,570 (+133%), from €44,013 to €102,583
- Taxes -€50,981
down €50,981 (-93.1%), from €54,748 to €3,767
- Financial income +€43,932
up €43,932 (+4,764%), from €922 to €44,854
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,258,500 | €1,944,796 | -€1.3m | -40.3% |
| Fixed assets | 21/28 | €311,342 | €152,489 | -€158,853 | -51.0% |
| Intangible fixed assets | 21 | €34,135 | €20,409 | -€13,726 | -40.2% |
| Tangible fixed assets | 22/27 | €272,929 | €132,018 | -€140,910 | -51.6% |
| Plant, machinery and equipment | 23 | €15,642 | €2,600 | -€13,042 | -83.4% |
| Furniture and vehicles | 24 | €126,165 | €59,728 | -€66,437 | -52.7% |
| Leasing and similar rights | 25 | €131,122 | €69,690 | -€61,432 | -46.9% |
| Financial fixed assets | 28 | €4,278 | €62 | -€4,216 | -98.6% |
| Current assets | 29/58 | €2,947,158 | €1,792,307 | -€1.2m | -39.2% |
| Amounts receivable within one year | 40/41 | €1,750,663 | €1,699,033 | -€51,630 | -2.9% |
| Trade receivables | 40 | €521,556 | €916,752 | +€395,196 | +75.8% |
| Other amounts receivable | 41 | €1,229,108 | €782,282 | -€446,826 | -36.4% |
| Cash at bank and in hand | 54/58 | €1,180,549 | €83,775 | -€1.1m | -92.9% |
| Deferred charges and accrued income | 490/1 | €15,945 | €9,499 | -€6,446 | -40.4% |
| Total equity and liabilities | 10/49 | €3,258,500 | €1,944,796 | -€1.3m | -40.3% |
| Equity | 10/15 | €191,503 | €203,939 | +€12,436 | +6.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €141,503 | €153,939 | +€12,436 | +8.8% |
| Non-distributable reserves | 130/1 | €7,480 | €7,480 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,000 | €7,000 | = | 0.0% |
| Other | 1319 | €480 | €480 | = | 0.0% |
| Distributable reserves | 133 | €134,023 | €146,459 | +€12,436 | +9.3% |
| Amounts payable | 17/49 | €3,066,997 | €1,740,857 | -€1.3m | -43.2% |
| Amounts payable after more than one year | 17 | €119,494 | €53,709 | -€65,785 | -55.1% |
| Financial debts | 170/4 | €119,494 | €53,709 | -€65,785 | -55.1% |
| Amounts payable within one year | 42/48 | €2,947,503 | €1,687,148 | -€1.3m | -42.8% |
| Current portion of amounts payable after more than one year | 42 | €43,013 | €39,627 | -€3,386 | -7.9% |
| Trade debts | 44 | €216,739 | €79,970 | -€136,769 | -63.1% |
| Suppliers | 440/4 | €216,739 | €79,970 | -€136,769 | -63.1% |
| Advances received on contracts in progress | 46 | €2,447,287 | €1,470,245 | -€977,042 | -39.9% |
| Taxes, remuneration and social security | 45 | €237,259 | €94,956 | -€142,303 | -60.0% |
| Taxes | 450/3 | €98,111 | €22,669 | -€75,441 | -76.9% |
| Remuneration and social security | 454/9 | €139,148 | €72,287 | -€66,862 | -48.1% |
| Other amounts payable | 47/48 | €3,204 | €2,350 | -€854 | -26.7% |
| Non-recurring operating income | 76A | €39,206 | €15,937 | -€23,269 | -59.3% |
| Remuneration, social security and pensions | 62 | €827,607 | €1,277,021 | +€449,414 | +54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,013 | €102,583 | +€58,570 | +133% |
| Other operating charges | 640/8 | €43,007 | €13,284 | -€29,723 | -69.1% |
| Non-recurring operating charges | 66A | - | €145 | +€145 | |
| Gross operating margin | 9900 | €1,106,158 | €1,409,131 | +€302,973 | +27.4% |
| Operating profit (loss) | 9901 | €191,531 | €16,099 | -€175,432 | -91.6% |
| Financial income | 75/76B | €922 | €44,854 | +€43,932 | +4,764% |
| Recurring financial income | 75 | €922 | €44,854 | +€43,932 | +4,764% |
| Financial charges | 65/66B | €5,953 | €44,749 | +€38,796 | +652% |
| Recurring financial charges | 65 | €5,953 | €17,317 | +€11,364 | +191% |
| Non-recurring financial charges | 66B | - | €27,433 | +€27,433 | |
| Profit (loss) for the period before taxes | 9903 | €186,500 | €16,204 | -€170,296 | -91.3% |
| Income taxes | 67/77 | €54,748 | €3,767 | -€50,981 | -93.1% |
| Profit (loss) for the period | 9904 | €131,751 | €12,436 | -€119,315 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €131,751 | €12,436 | -€119,315 | -90.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.