RENOHUTTE: 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.
RENOHUTTE
Largest movements
- Receivables within one year +€91,587
up €91,587 (+93.7%), from €97,755 to €189,342
of which Trade receivables: +€96,229
- Tangible fixed assets -€20,967
down €20,967 (-27.7%), from €75,660 to €54,693
- Cash -€6,566
down €6,566 (-4.7%), from €140,057 to €133,491
mainly Contributions, distributions and other (-€169,000) and Receivables within one year (-€91,587)
- Other debts +€144,000
up €144,000 (+576.0%), from €25,000 to €169,000
- Reserves -€102,000
down €102,000 (-45.6%), from €223,860 to €121,860
of which Distributable reserves: -€102,000
- Tax, wage and social debts +€8,833
up €8,833 (+95.8%), from €9,218 to €18,051
of which Taxes: +€11,742
- Debts after one year +€7,244
new in 2025: €7,244
- Current portion of long-term debt +€4,916
new in 2025: €4,916
- Gross operating margin +€68,743
up €68,743 (+30.5%), from €225,472 to €294,215
- Taxes +€19,717
up €19,717 (+249.0%), from €7,918 to €27,635
- Staff costs -€13,642
down €13,642 (-7.6%), from €180,329 to €166,687
- Write-downs +€5,573
new in 2025: €5,573
- Depreciation +€4,064
up €4,064 (+22.7%), from €17,940 to €22,003
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 | €319,757 | €384,518 | +€64,761 | +20.3% |
| Fixed assets | 21/28 | €75,720 | €54,753 | -€20,967 | -27.7% |
| Tangible fixed assets | 22/27 | €75,660 | €54,693 | -€20,967 | -27.7% |
| Land and buildings | 22 | €14,400 | €12,800 | -€1,600 | -11.1% |
| Plant, machinery and equipment | 23 | €4,517 | €1,936 | -€2,581 | -57.1% |
| Furniture and vehicles | 24 | €35,549 | €25,377 | -€10,172 | -28.6% |
| Other tangible fixed assets | 26 | €21,194 | €14,579 | -€6,615 | -31.2% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €244,037 | €329,765 | +€85,728 | +35.1% |
| Amounts receivable within one year | 40/41 | €97,755 | €189,342 | +€91,587 | +93.7% |
| Trade receivables | 40 | €21,128 | €117,357 | +€96,229 | +455.5% |
| Other amounts receivable | 41 | €76,627 | €71,985 | -€4,642 | -6.1% |
| Cash at bank and in hand | 54/58 | €140,057 | €133,491 | -€6,566 | -4.7% |
| Deferred charges and accrued income | 490/1 | €6,224 | €6,932 | +€708 | +11.4% |
| Total equity and liabilities | 10/49 | €319,757 | €384,518 | +€64,761 | +20.3% |
| Equity | 10/15 | €247,611 | €146,704 | -€100,907 | -40.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €223,860 | €121,860 | -€102,000 | -45.6% |
| 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 | €222,000 | €120,000 | -€102,000 | -45.9% |
| Profit (loss) carried forward | 14 | €5,151 | €6,244 | +€1,093 | +21.2% |
| Amounts payable | 17/49 | €72,146 | €237,814 | +€165,668 | +229.6% |
| Amounts payable after more than one year | 17 | - | €7,244 | +€7,244 | |
| Financial debts | 170/4 | - | €7,244 | +€7,244 | |
| Amounts payable within one year | 42/48 | €72,146 | €230,571 | +€158,424 | +219.6% |
| Current portion of amounts payable after more than one year | 42 | - | €4,916 | +€4,916 | |
| Trade debts | 44 | €37,928 | €38,604 | +€676 | +1.8% |
| Suppliers | 440/4 | €37,928 | €38,604 | +€676 | +1.8% |
| Taxes, remuneration and social security | 45 | €9,218 | €18,051 | +€8,833 | +95.8% |
| Taxes | 450/3 | €3,362 | €15,104 | +€11,742 | +349.2% |
| Remuneration and social security | 454/9 | €5,856 | €2,946 | -€2,910 | -49.7% |
| Other amounts payable | 47/48 | €25,000 | €169,000 | +€144,000 | +576.0% |
| Remuneration, social security and pensions | 62 | €180,329 | €166,687 | -€13,642 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,940 | €22,003 | +€4,064 | +22.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,573 | +€5,573 | |
| Other operating charges | 640/8 | €8,164 | €5,049 | -€3,115 | -38.2% |
| Gross operating margin | 9900 | €225,472 | €294,215 | +€68,743 | +30.5% |
| Operating profit (loss) | 9901 | €19,040 | €94,903 | +€75,863 | +398.5% |
| Financial income | 75/76B | €4,955 | €4,650 | -€305 | -6.2% |
| Recurring financial income | 75 | €4,955 | €4,650 | -€305 | -6.2% |
| Financial charges | 65/66B | €3,989 | €3,824 | -€164 | -4.1% |
| Recurring financial charges | 65 | €3,989 | €3,824 | -€164 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €20,006 | €95,728 | +€75,722 | +378.5% |
| Income taxes | 67/77 | €7,918 | €27,635 | +€19,717 | +249.0% |
| Profit (loss) for the period | 9904 | €12,088 | €68,093 | +€56,005 | +463.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,088 | €68,093 | +€56,005 | +463.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.