RENOLA: 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.
RENOLA
Largest movements
- Stocks and contracts +€200,965
up €200,965 (+217%), from €92,500 to €293,465
- Cash +€97,396
up €97,396 (+157%), from €62,110 to €159,505
mainly Short-term financial debts (+€200,000) and Accrued charges and deferred income (+€150,000)
- Tangible fixed assets -€17,095
down €17,095 (-12.0%), from €142,379 to €125,284
of which Furniture and vehicles: -€13,698
- Short-term financial debts +€200,000
up €200,000 (+400%), from €50,000 to €250,000
- Accrued charges and deferred income +€150,000
new in 2025: €150,000
- Profit (loss) carried forward -€61,136
down €61,136 (-135%), from -€45,261 to -€106,397
- Trade debts -€9,939
down €9,939 (-69.4%), from €14,315 to €4,375
- Gross operating margin -€67,427
down €67,427, from €49,707 to -€17,720
- Financial charges +€10,927
up €10,927 (+192%), from €5,682 to €16,609
- Other operating charges +€5,559
up €5,559 (+167%), from €3,337 to €8,895
- Taxes -€1,930
down €1,930 (-70.3%), from €2,746 to €816
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.
Derived cash bridge
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 | €497,188 | €773,467 | +€276,280 | +55.6% |
| Fixed assets | 21/28 | €142,379 | €125,284 | -€17,095 | -12.0% |
| Tangible fixed assets | 22/27 | €142,379 | €125,284 | -€17,095 | -12.0% |
| Land and buildings | 22 | €90,025 | €86,628 | -€3,397 | -3.8% |
| Furniture and vehicles | 24 | €52,354 | €38,656 | -€13,698 | -26.2% |
| Current assets | 29/58 | €354,809 | €648,184 | +€293,375 | +82.7% |
| Stocks and contracts in progress | 3 | €92,500 | €293,465 | +€200,965 | +217% |
| Stocks | 30/36 | €92,500 | €293,465 | +€200,965 | +217% |
| Amounts receivable within one year | 40/41 | €198,663 | €195,213 | -€3,449 | -1.7% |
| Trade receivables | 40 | €9,804 | €0 | -€9,804 | -100% |
| Other amounts receivable | 41 | €188,859 | €195,213 | +€6,354 | +3.4% |
| Cash at bank and in hand | 54/58 | €62,110 | €159,505 | +€97,396 | +157% |
| Deferred charges and accrued income | 490/1 | €1,536 | €0 | -€1,536 | -100% |
| Total equity and liabilities | 10/49 | €497,188 | €773,467 | +€276,280 | +55.6% |
| Equity | 10/15 | €90,274 | €29,139 | -€61,136 | -67.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €95,535 | €95,535 | = | 0.0% |
| Distributable reserves | 133 | €95,535 | €95,535 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,261 | -€106,397 | -€61,136 | -135% |
| Amounts payable | 17/49 | €406,913 | €744,329 | +€337,415 | +82.9% |
| Amounts payable after more than one year | 17 | €137,549 | €134,662 | -€2,887 | -2.1% |
| Financial debts | 170/4 | €54,861 | €48,709 | -€6,152 | -11.2% |
| Other amounts payable | 178/9 | €82,688 | €85,953 | +€3,265 | +3.9% |
| Amounts payable within one year | 42/48 | €269,364 | €459,666 | +€190,302 | +70.6% |
| Current portion of amounts payable after more than one year | 42 | €6,074 | €6,152 | +€77 | +1.3% |
| Financial debts | 43 | €50,000 | €250,000 | +€200,000 | +400% |
| Credit institutions | 430/8 | €50,000 | €250,000 | +€200,000 | +400% |
| Trade debts | 44 | €14,315 | €4,375 | -€9,939 | -69.4% |
| Suppliers | 440/4 | €14,315 | €4,375 | -€9,939 | -69.4% |
| Taxes, remuneration and social security | 45 | €1,941 | €3,676 | +€1,734 | +89.3% |
| Taxes | 450/3 | €1,941 | €3,676 | +€1,734 | +89.3% |
| Other amounts payable | 47/48 | €197,034 | €195,463 | -€1,571 | -0.8% |
| Accrued charges and deferred income | 492/3 | - | €150,000 | +€150,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,095 | €17,095 | = | 0.0% |
| Other operating charges | 640/8 | €3,337 | €8,895 | +€5,559 | +167% |
| Gross operating margin | 9900 | €49,707 | -€17,720 | -€67,427 | |
| Operating profit (loss) | 9901 | €29,275 | -€43,711 | -€72,986 | |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.9% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.9% |
| Financial charges | 65/66B | €5,682 | €16,609 | +€10,927 | +192% |
| Recurring financial charges | 65 | €5,682 | €16,609 | +€10,927 | +192% |
| Profit (loss) for the period before taxes | 9903 | €23,603 | -€60,320 | -€83,923 | |
| Income taxes | 67/77 | €2,746 | €816 | -€1,930 | -70.3% |
| Profit (loss) for the period | 9904 | €20,857 | -€61,136 | -€81,992 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,857 | -€61,136 | -€81,992 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.