RENOGRADE: 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.
RENOGRADE
Largest movements
- Stocks and contracts +€314,264
up €314,264 (+27.5%), from €1.1m to €1.5m
- Receivables within one year +€36,962
new in 2025: €36,962
- Other debts +€349,835
up €349,835 (+27.3%), from €1.3m to €1.6m
- Profit (loss) carried forward -€15,335
down €15,335 (-12.2%), from -€125,397 to -€140,732
- Gross operating margin +€55,719
up €55,719 (+82.1%), from -€67,841 to -€12,122
- Financial charges -€24,692
down €24,692 (-99.4%), from €24,842 to €150
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 | €1,165,713 | €1,510,424 | +€344,711 | +29.6% |
| Formation expenses | 20 | €709 | €0 | -€709 | -100.0% |
| Current assets | 29/58 | €1,165,004 | €1,510,424 | +€345,420 | +29.6% |
| Stocks and contracts in progress | 3 | €1,142,234 | €1,456,499 | +€314,264 | +27.5% |
| Stocks | 30/36 | €1,142,234 | €1,456,499 | +€314,264 | +27.5% |
| Amounts receivable within one year | 40/41 | - | €36,962 | +€36,962 | |
| Other amounts receivable | 41 | - | €36,962 | +€36,962 | |
| Cash at bank and in hand | 54/58 | €22,333 | €16,230 | -€6,103 | -27.3% |
| Deferred charges and accrued income | 490/1 | €437 | €734 | +€297 | +67.8% |
| Total equity and liabilities | 10/49 | €1,165,713 | €1,510,424 | +€344,711 | +29.6% |
| Equity | 10/15 | -€120,397 | -€135,732 | -€15,335 | -12.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,397 | -€140,732 | -€15,335 | -12.2% |
| Amounts payable | 17/49 | €1,286,110 | €1,646,156 | +€360,046 | +28.0% |
| Amounts payable within one year | 42/48 | €1,286,110 | €1,646,156 | +€360,046 | +28.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,427 | €12,638 | +€10,211 | +420.8% |
| Suppliers | 440/4 | €2,427 | €12,638 | +€10,211 | +420.8% |
| Other amounts payable | 47/48 | €1,283,683 | €1,633,519 | +€349,835 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €960 | €709 | -€251 | -26.2% |
| Other operating charges | 640/8 | €2,080 | €2,354 | +€275 | +13.2% |
| Gross operating margin | 9900 | -€67,841 | -€12,122 | +€55,719 | +82.1% |
| Operating profit (loss) | 9901 | -€70,881 | -€15,185 | +€55,696 | +78.6% |
| Financial charges | 65/66B | €24,842 | €150 | -€24,692 | -99.4% |
| Recurring financial charges | 65 | €24,842 | €150 | -€24,692 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | -€95,723 | -€15,335 | +€80,388 | +84.0% |
| Profit (loss) for the period | 9904 | -€95,723 | -€15,335 | +€80,388 | +84.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€95,723 | -€15,335 | +€80,388 | +84.0% |
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 9 October 2026 via checked.be.