RENOK: 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.
RENOK
Largest movements
- Stocks and contracts +€21,858
up €21,858 (+123.4%), from €17,716 to €39,574
of which Contracts in progress: +€20,938
- Cash +€12,100
up €12,100 (+700.2%), from €1,728 to €13,828
mainly Net result for the year (+€13,961) and Other debts (+€9,301)
- Receivables within one year -€7,972
down €7,972 (-45.4%), from €17,545 to €9,573
of which Trade receivables: -€9,322
- Deferred charges and accrued income -€4,091
down €4,091 (-35.3%), from €11,592 to €7,501
- Tangible fixed assets -€1,103
down €1,103 (-34.4%), from €3,209 to €2,106
of which Furniture and vehicles: -€594
- Profit (loss) carried forward +€13,961
up €13,961 (+29.8%), from -€46,908 to -€32,948
- Other debts +€9,301
up €9,301 (+14.1%), from €66,101 to €75,402
- Short-term financial debts -€7,719
down €7,719 (-99.7%), from €7,740 to €21
- Trade debts +€5,115
up €5,115 (+132.2%), from €3,870 to €8,984
- Gross operating margin +€12,715
up €12,715 (+112.9%), from €11,264 to €23,980
- Taxes +€2,992
up €2,992 (+190.5%), from €1,571 to €4,563
- Financial income +€571
up €571 (+5713300.0%), from €0 to €571
- Depreciation -€383
down €383 (-25.7%), from €1,486 to €1,103
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 | €51,790 | €72,582 | +€20,792 | +40.1% |
| Fixed assets | 21/28 | €3,209 | €2,106 | -€1,103 | -34.4% |
| Tangible fixed assets | 22/27 | €3,209 | €2,106 | -€1,103 | -34.4% |
| Plant, machinery and equipment | 23 | €1,482 | €973 | -€509 | -34.4% |
| Furniture and vehicles | 24 | €1,727 | €1,133 | -€594 | -34.4% |
| Current assets | 29/58 | €48,581 | €70,476 | +€21,895 | +45.1% |
| Stocks and contracts in progress | 3 | €17,716 | €39,574 | +€21,858 | +123.4% |
| Stocks | 30/36 | €3,540 | €4,460 | +€920 | +26.0% |
| Contracts in progress | 37 | €14,176 | €35,114 | +€20,938 | +147.7% |
| Amounts receivable within one year | 40/41 | €17,545 | €9,573 | -€7,972 | -45.4% |
| Trade receivables | 40 | €16,159 | €6,837 | -€9,322 | -57.7% |
| Other amounts receivable | 41 | €1,386 | €2,736 | +€1,350 | +97.4% |
| Cash at bank and in hand | 54/58 | €1,728 | €13,828 | +€12,100 | +700.2% |
| Deferred charges and accrued income | 490/1 | €11,592 | €7,501 | -€4,091 | -35.3% |
| Total equity and liabilities | 10/49 | €51,790 | €72,582 | +€20,792 | +40.1% |
| Equity | 10/15 | -€26,448 | -€12,488 | +€13,961 | +52.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,908 | -€32,948 | +€13,961 | +29.8% |
| Amounts payable | 17/49 | €78,238 | €85,070 | +€6,831 | +8.7% |
| Amounts payable within one year | 42/48 | €78,238 | €85,070 | +€6,831 | +8.7% |
| Financial debts | 43 | €7,740 | €21 | -€7,719 | -99.7% |
| Credit institutions | 430/8 | €7,740 | €21 | -€7,719 | -99.7% |
| Trade debts | 44 | €3,870 | €8,984 | +€5,115 | +132.2% |
| Suppliers | 440/4 | €3,870 | €8,984 | +€5,115 | +132.2% |
| Taxes, remuneration and social security | 45 | €528 | €663 | +€135 | +25.5% |
| Taxes | 450/3 | €528 | €663 | +€135 | +25.5% |
| Other amounts payable | 47/48 | €66,101 | €75,402 | +€9,301 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,486 | €1,103 | -€383 | -25.7% |
| Other operating charges | 640/8 | €3,393 | €3,461 | +€68 | +2.0% |
| Gross operating margin | 9900 | €11,264 | €23,980 | +€12,715 | +112.9% |
| Operating profit (loss) | 9901 | €6,385 | €19,415 | +€13,030 | +204.1% |
| Financial income | 75/76B | €0 | €571 | +€571 | +5713300.0% |
| Recurring financial income | 75 | €0 | €571 | +€571 | +5713300.0% |
| Financial charges | 65/66B | €1,473 | €1,463 | -€10 | -0.7% |
| Recurring financial charges | 65 | €1,473 | €1,463 | -€10 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €4,912 | €18,523 | +€13,612 | +277.1% |
| Income taxes | 67/77 | €1,571 | €4,563 | +€2,992 | +190.5% |
| Profit (loss) for the period | 9904 | €3,341 | €13,961 | +€10,619 | +317.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,341 | €13,961 | +€10,619 | +317.8% |
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 2 October 2026 via checked.be.