RENOGAR: 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.
RENOGAR
Largest movements
- Stocks and contracts +€132,355
up €132,355, from €0 to €132,355
- Current investments -€99,706
down €99,706 (-99.2%), from €100,485 to €779
- Receivables within one year +€62,693
up €62,693 (+90.0%), from €69,636 to €132,329
of which Other amounts receivable: +€62,693
- Cash -€16,842
down €16,842 (-100.0%), from €16,842 to €0
mainly Stocks and contracts (-€132,355) and Net result for the year (-€71,060)
- Tangible fixed assets -€8,076
down €8,076 (-78.1%), from €10,342 to €2,266
of which Furniture and vehicles: -€6,747
- Short-term financial debts +€136,473
up €136,473, from €0 to €136,473
- Profit (loss) carried forward -€71,060
new in 2025: -€71,060
- Debts after one year +€23,750
up €23,750, from €0 to €23,750
- Tax, wage and social debts -€15,978
down €15,978 (-49.3%), from €32,426 to €16,448
of which Taxes: -€15,978
- Other debts +€4,639
up €4,639, from €0 to €4,639
- Gross operating margin -€191,789
down €191,789, from €131,992 to -€59,797
- Taxes -€33,576
down €33,576 (-100.0%), from €33,576 to €0
- Depreciation -€14,082
down €14,082 (-83.7%), from €16,823 to €2,741
- Other operating charges +€10,132
up €10,132 (+329.7%), from €3,073 to €13,206
- Financial charges -€10,132
down €10,132 (-86.4%), from €11,725 to €1,592
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 | €200,362 | €275,327 | +€74,965 | +37.4% |
| Fixed assets | 21/28 | €11,042 | €2,966 | -€8,076 | -73.1% |
| Tangible fixed assets | 22/27 | €10,342 | €2,266 | -€8,076 | -78.1% |
| Plant, machinery and equipment | 23 | €1,331 | €677 | -€654 | -49.2% |
| Furniture and vehicles | 24 | €7,488 | €741 | -€6,747 | -90.1% |
| Other tangible fixed assets | 26 | €1,524 | €849 | -€675 | -44.3% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €189,319 | €272,361 | +€83,042 | +43.9% |
| Stocks and contracts in progress | 3 | €0 | €132,355 | +€132,355 | |
| Stocks | 30/36 | €0 | €132,355 | +€132,355 | |
| Amounts receivable within one year | 40/41 | €69,636 | €132,329 | +€62,693 | +90.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €69,636 | €132,329 | +€62,693 | +90.0% |
| Current investments | 50/53 | €100,485 | €779 | -€99,706 | -99.2% |
| Cash at bank and in hand | 54/58 | €16,842 | €0 | -€16,842 | -100.0% |
| Deferred charges and accrued income | 490/1 | €2,356 | €6,899 | +€4,542 | +192.8% |
| Total equity and liabilities | 10/49 | €200,362 | €275,327 | +€74,965 | +37.4% |
| Equity | 10/15 | €160,609 | €89,549 | -€71,060 | -44.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €142,009 | €142,009 | = | 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% |
| Distributable reserves | 133 | €140,149 | €140,149 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€71,060 | -€71,060 | |
| Amounts payable | 17/49 | €39,753 | €185,778 | +€146,026 | +367.3% |
| Amounts payable after more than one year | 17 | €0 | €23,750 | +€23,750 | |
| Financial debts | 170/4 | €0 | €23,750 | +€23,750 | |
| Amounts payable within one year | 42/48 | €39,576 | €162,028 | +€122,452 | +309.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | €136,473 | +€136,473 | |
| Credit institutions | 430/8 | €0 | €136,473 | +€136,473 | |
| Trade debts | 44 | €7,150 | €4,468 | -€2,682 | -37.5% |
| Suppliers | 440/4 | €7,150 | €4,468 | -€2,682 | -37.5% |
| Taxes, remuneration and social security | 45 | €32,426 | €16,448 | -€15,978 | -49.3% |
| Taxes | 450/3 | €32,426 | €16,448 | -€15,978 | -49.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €4,639 | +€4,639 | |
| Accrued charges and deferred income | 492/3 | €176 | €0 | -€176 | -100.0% |
| Non-recurring operating income | 76A | €6,000 | €3,024 | -€2,976 | -49.6% |
| Remuneration, social security and pensions | 62 | €2,211 | €0 | -€2,211 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,823 | €2,741 | -€14,082 | -83.7% |
| Other operating charges | 640/8 | €3,073 | €13,206 | +€10,132 | +329.7% |
| Non-recurring operating charges | 66A | €2,001 | €0 | -€2,001 | -100.0% |
| Gross operating margin | 9900 | €131,992 | -€59,797 | -€191,789 | |
| Operating profit (loss) | 9901 | €107,884 | -€75,743 | -€183,628 | |
| Financial income | 75/76B | €3,706 | €6,275 | +€2,570 | +69.3% |
| Recurring financial income | 75 | €3,706 | €6,275 | +€2,570 | +69.3% |
| Financial charges | 65/66B | €11,725 | €1,592 | -€10,132 | -86.4% |
| Recurring financial charges | 65 | €11,725 | €1,592 | -€10,132 | -86.4% |
| Profit (loss) for the period before taxes | 9903 | €99,865 | -€71,060 | -€170,926 | |
| Income taxes | 67/77 | €33,576 | €0 | -€33,576 | -100.0% |
| Profit (loss) for the period | 9904 | €66,289 | -€71,060 | -€137,349 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,289 | -€71,060 | -€137,349 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.