RENOLI: 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.
What changed
RENOLI
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€58,620
2024 · €887,195-€828,575
Equity
€3.0m
2024 · €2.9m+€58,620
Cash
€161,999
2024 · €99,505+€62,494
Balance sheet total
€5.7m
2024 · €5.8m-€89,074
Largest movements
Assets
- Tangible fixed assets -€173,008
down €173,008 (-3.7%), from €4.7m to €4.6m
of which Land and buildings: -€171,520
- Cash +€62,494
up €62,494 (+62.8%), from €99,505 to €161,999
mainly Depreciation (+€182,280) and Tax, wage and social debts (+€81,604)
Equity and liabilities
- Debts after one year -€203,885
down €203,885 (-10.7%), from €1.9m to €1.7m
- Tax, wage and social debts +€81,604
up €81,604 (+1021.3%), from €7,990 to €89,594
of which Taxes: +€67,604
- Reserves +€58,620
up €58,620 (+3.2%), from €1.8m to €1.9m
of which Distributable reserves: +€84,774
Income statement
- Gross operating margin -€1.0m
down €1.0m (-73.7%), from €1.4m to €367,278
- Taxes +€94,538
up €94,538 (+1183.2%), from €7,990 to €102,528
- Financial charges -€21,714
down €21,714 (-40.1%), from €54,138 to €32,424
- Financial income +€21,619
up €21,619 (+1192.1%), from €1,814 to €23,432
- Provisions +€17,902
up €17,902, from -€17,902 to €0
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.
Result 2024
€887,195
Gross operating margin
-€1.0m
Depreciation
+€83
Provisions
-€17,902
Other operating charges
+€8,224
Other operating items
+€15,857
Financial income
+€21,619
Financial charges
+€21,714
Taxes
-€94,538
Deferred taxes and other
+€247,748
Result 2025
€58,620
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.
From operations
+€272,707
Investment
-€9,272
Financing
-€200,941
Cash 2024
€99,505
From operations (derived)
+€272,707
Net result for the year
+€58,620
Depreciation
+€182,280
Receivables within one year
-€19,342
Deferred charges and accrued income
-€2,099
Provisions
-€12,566
Trade debts
-€14,515
Tax, wage and social debts
+€81,604
Other debts
-€1,770
Accrued charges and deferred income
+€495
Investment (derived)
-€9,272
Investment in fixed assets (net)
-€9,272
Financing
-€200,941
Debts after one year
-€203,885
Current portion of long-term debt
+€2,944
Cash 2025
€161,999
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,823,711 | €5,734,637 | -€89,074 | -1.5% |
| Fixed assets | 21/28 | €4,729,420 | €4,556,411 | -€173,008 | -3.7% |
| Tangible fixed assets | 22/27 | €4,729,420 | €4,556,411 | -€173,008 | -3.7% |
| Land and buildings | 22 | €4,724,304 | €4,552,784 | -€171,520 | -3.6% |
| Plant, machinery and equipment | 23 | €5,116 | €3,627 | -€1,489 | -29.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €1,094,291 | €1,178,226 | +€83,935 | +7.7% |
| Amounts receivable within one year | 40/41 | €59,510 | €78,851 | +€19,342 | +32.5% |
| Trade receivables | 40 | €7,679 | €5,181 | -€2,498 | -32.5% |
| Other amounts receivable | 41 | €51,831 | €73,670 | +€21,840 | +42.1% |
| Current investments | 50/53 | €930,000 | €930,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €99,505 | €161,999 | +€62,494 | +62.8% |
| Deferred charges and accrued income | 490/1 | €5,276 | €7,376 | +€2,099 | +39.8% |
| Total equity and liabilities | 10/49 | €5,823,711 | €5,734,637 | -€89,074 | -1.5% |
| Equity | 10/15 | €2,907,567 | €2,966,186 | +€58,620 | +2.0% |
| Contributions | 10/11 | €191,890 | €191,890 | = | 0.0% |
| Capital | 10 | €191,890 | €191,890 | = | 0.0% |
| Issued capital | 100 | €191,890 | €191,890 | = | 0.0% |
| Reserves | 13 | €1,848,160 | €1,906,780 | +€58,620 | +3.2% |
| Non-distributable reserves | 130/1 | €19,189 | €19,189 | = | 0.0% |
| Legal reserve | 130 | €19,189 | €19,189 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,721,682 | €1,695,528 | -€26,154 | -1.5% |
| Distributable reserves | 133 | €107,289 | €192,063 | +€84,774 | +79.0% |
| Profit (loss) carried forward | 14 | €867,517 | €867,517 | = | 0.0% |
| Provisions and deferred taxes | 16 | €682,232 | €669,666 | -€12,566 | -1.8% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €50,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €50,000 | €50,000 | = | 0.0% |
| Deferred taxes | 168 | €632,232 | €619,666 | -€12,566 | -2.0% |
| Amounts payable | 17/49 | €2,233,912 | €2,098,784 | -€135,128 | -6.0% |
| Amounts payable after more than one year | 17 | €1,907,736 | €1,703,851 | -€203,885 | -10.7% |
| Financial debts | 170/4 | €1,907,736 | €1,703,851 | -€203,885 | -10.7% |
| Amounts payable within one year | 42/48 | €311,604 | €379,867 | +€68,263 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €200,941 | €203,885 | +€2,944 | +1.5% |
| Trade debts | 44 | €17,106 | €2,591 | -€14,515 | -84.9% |
| Suppliers | 440/4 | €17,106 | €2,591 | -€14,515 | -84.9% |
| Taxes, remuneration and social security | 45 | €7,990 | €89,594 | +€81,604 | +1021.3% |
| Taxes | 450/3 | €7,990 | €75,594 | +€67,604 | +846.1% |
| Remuneration and social security | 454/9 | - | €14,000 | +€14,000 | |
| Other amounts payable | 47/48 | €85,567 | €83,797 | -€1,770 | -2.1% |
| Accrued charges and deferred income | 492/3 | €14,572 | €15,067 | +€495 | +3.4% |
| Non-recurring operating income | 76A | €998,324 | €0 | -€998,324 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,364 | €182,280 | -€83 | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€17,902 | €0 | +€17,902 | |
| Other operating charges | 640/8 | €35,647 | €27,424 | -€8,224 | -23.1% |
| Non-recurring operating charges | 66A | €15,857 | €0 | -€15,857 | -100.0% |
| Gross operating margin | 9900 | €1,398,657 | €367,278 | -€1.0m | -73.7% |
| Operating profit (loss) | 9901 | €1,182,692 | €157,574 | -€1.0m | -86.7% |
| Financial income | 75/76B | €1,814 | €23,432 | +€21,619 | +1192.1% |
| Recurring financial income | 75 | €1,814 | €23,432 | +€21,619 | +1192.1% |
| Financial charges | 65/66B | €54,138 | €32,424 | -€21,714 | -40.1% |
| Recurring financial charges | 65 | €54,138 | €32,424 | -€21,714 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | €1,130,367 | €148,582 | -€981,785 | -86.9% |
| Transfer from deferred taxes | 780 | €6,470 | €12,566 | +€6,095 | +94.2% |
| Transfer to deferred taxes | 680 | €241,653 | €0 | -€241,653 | -100.0% |
| Income taxes | 67/77 | €7,990 | €102,528 | +€94,538 | +1183.2% |
| Profit (loss) for the period | 9904 | €887,195 | €58,620 | -€828,575 | -93.4% |
| Transfer from tax-exempt reserves | 789 | €15,890 | €26,154 | +€10,265 | +64.6% |
| Transfer to tax-exempt reserves | 689 | €724,958 | €0 | -€724,958 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €178,127 | €84,774 | -€93,353 | -52.4% |
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 30 September 2026 via checked.be.