RENOL: 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.
RENOL
Largest movements
- Receivables within one year -€161,995
down €161,995 (-29.1%), from €557,255 to €395,260
of which Trade receivables: -€141,353
- Cash -€49,699
down €49,699 (-13.6%), from €365,150 to €315,451
mainly Trade debts (-€138,424) and Contributions, distributions and other (-€26,718)
- Stocks and contracts +€25,293
up €25,293 (+23.3%), from €108,625 to €133,918
- Trade debts -€138,424
down €138,424 (-80.3%), from €172,447 to €34,024
- Reserves -€25,000
down €25,000 (-3.5%), from €718,800 to €693,800
of which Distributable reserves: -€25,000
- Other debts -€23,320
down €23,320 (-30.6%), from €76,326 to €53,006
- Gross operating margin -€105,747
down €105,747 (-79.8%), from €132,457 to €26,710
- Taxes -€24,417
down €24,417 (-92.9%), from €26,292 to €1,875
- Other operating charges -€16,070
down €16,070 (-79.8%), from €20,143 to €4,072
- Depreciation +€4,554
up €4,554 (+32.5%), from €14,006 to €18,560
- Financial charges -€2,285
down €2,285 (-57.0%), from €4,010 to €1,725
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 | €1,252,717 | €1,047,756 | -€204,961 | -16.4% |
| Fixed assets | 21/28 | €221,687 | €203,127 | -€18,560 | -8.4% |
| Intangible fixed assets | 21 | €12,488 | - | -€12,488 | |
| Tangible fixed assets | 22/27 | €59,199 | €53,127 | -€6,072 | -10.3% |
| Other tangible fixed assets | 26 | €59,199 | €53,127 | -€6,072 | -10.3% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €1,031,029 | €844,628 | -€186,401 | -18.1% |
| Stocks and contracts in progress | 3 | €108,625 | €133,918 | +€25,293 | +23.3% |
| Stocks | 30/36 | €108,625 | €133,918 | +€25,293 | +23.3% |
| Amounts receivable within one year | 40/41 | €557,255 | €395,260 | -€161,995 | -29.1% |
| Trade receivables | 40 | €411,365 | €270,011 | -€141,353 | -34.4% |
| Other amounts receivable | 41 | €145,890 | €125,248 | -€20,642 | -14.1% |
| Cash at bank and in hand | 54/58 | €365,150 | €315,451 | -€49,699 | -13.6% |
| Total equity and liabilities | 10/49 | €1,252,717 | €1,047,756 | -€204,961 | -16.4% |
| Equity | 10/15 | €973,823 | €947,007 | -€26,816 | -2.8% |
| Contributions | 10/11 | €188,000 | €188,000 | = | 0.0% |
| Capital | 10 | €188,000 | €188,000 | = | 0.0% |
| Issued capital | 100 | €188,000 | €188,000 | = | 0.0% |
| Reserves | 13 | €718,800 | €693,800 | -€25,000 | -3.5% |
| Non-distributable reserves | 130/1 | €18,800 | €18,800 | = | 0.0% |
| Legal reserve | 130 | €18,800 | €18,800 | = | 0.0% |
| Distributable reserves | 133 | €700,000 | €675,000 | -€25,000 | -3.6% |
| Profit (loss) carried forward | 14 | €67,023 | €65,207 | -€1,816 | -2.7% |
| Amounts payable | 17/49 | €278,894 | €100,748 | -€178,145 | -63.9% |
| Amounts payable within one year | 42/48 | €277,934 | €97,678 | -€180,255 | -64.9% |
| Current portion of amounts payable after more than one year | 42 | €6,274 | - | -€6,274 | |
| Financial debts | 43 | €3,391 | €3,380 | -€11 | -0.3% |
| Credit institutions | 430/8 | €3,391 | €3,380 | -€11 | -0.3% |
| Trade debts | 44 | €172,447 | €34,024 | -€138,424 | -80.3% |
| Suppliers | 440/4 | €172,447 | €34,024 | -€138,424 | -80.3% |
| Taxes, remuneration and social security | 45 | €19,496 | €7,269 | -€12,227 | -62.7% |
| Taxes | 450/3 | €16,292 | €1,117 | -€15,175 | -93.1% |
| Remuneration and social security | 454/9 | €3,204 | €6,151 | +€2,948 | +92.0% |
| Other amounts payable | 47/48 | €76,326 | €53,006 | -€23,320 | -30.6% |
| Accrued charges and deferred income | 492/3 | €960 | €3,070 | +€2,110 | +219.8% |
| Remuneration, social security and pensions | 62 | - | €576 | +€576 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,006 | €18,560 | +€4,554 | +32.5% |
| Other operating charges | 640/8 | €20,143 | €4,072 | -€16,070 | -79.8% |
| Non-recurring operating charges | 66A | €2,538 | - | -€2,538 | |
| Gross operating margin | 9900 | €132,457 | €26,710 | -€105,747 | -79.8% |
| Operating profit (loss) | 9901 | €95,771 | €3,502 | -€92,268 | -96.3% |
| Financial charges | 65/66B | €4,010 | €1,725 | -€2,285 | -57.0% |
| Recurring financial charges | 65 | €4,010 | €1,725 | -€2,285 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | €91,760 | €1,777 | -€89,983 | -98.1% |
| Income taxes | 67/77 | €26,292 | €1,875 | -€24,417 | -92.9% |
| Profit (loss) for the period | 9904 | €65,469 | -€98 | -€65,566 | |
| Profit (loss) for the period to be appropriated | 9905 | €65,469 | -€98 | -€65,566 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.