RENOMA: 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.
RENOMA
Largest movements
- Receivables after one year -€1.5m
down €1.5m (-18.1%), from €8.4m to €6.9m
- Financial fixed assets -€1.4m
no longer reported in 2025 (was €1.4m)
- Tangible fixed assets +€1.2m
up €1.2m (+4.7%), from €25.4m to €26.6m
- Other debts -€1.3m
down €1.3m (-3.1%), from €41.1m to €39.8m
- Profit (loss) carried forward -€777,030
down €777,030 (-16.8%), from -€4.6m to -€5.4m
- Gross operating margin +€202,971
up €202,971 (+14.8%), from €1.4m to €1.6m
- Financial charges -€172,013
down €172,013 (-10.8%), from €1.6m to €1.4m
- Financial income -€60,838
down €60,838 (-16.7%), from €364,235 to €303,397
- Depreciation -€58,449
down €58,449 (-5.6%), from €1.0m to €986,490
- Other operating charges +€26,768
up €26,768 (+12.4%), from €215,869 to €242,637
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 | €36,993,677 | €35,120,954 | -€1.9m | -5.1% |
| Fixed assets | 21/28 | €26,796,212 | €26,559,900 | -€236,312 | -0.9% |
| Tangible fixed assets | 22/27 | €25,376,212 | €26,559,900 | +€1.2m | +4.7% |
| Land and buildings | 22 | €25,376,212 | €26,559,900 | +€1.2m | +4.7% |
| Financial fixed assets | 28 | €1,420,000 | - | -€1.4m | |
| Current assets | 29/58 | €10,197,465 | €8,561,053 | -€1.6m | -16.0% |
| Amounts receivable after more than one year | 29 | €8,411,870 | €6,885,354 | -€1.5m | -18.1% |
| Trade receivables | 290 | €8,411,870 | €6,885,354 | -€1.5m | -18.1% |
| Amounts receivable within one year | 40/41 | €1,784,910 | €1,527,190 | -€257,720 | -14.4% |
| Trade receivables | 40 | €1,784,260 | €1,526,516 | -€257,743 | -14.4% |
| Other amounts receivable | 41 | €651 | €674 | +€23 | +3.5% |
| Cash at bank and in hand | 54/58 | €684 | €139,069 | +€138,385 | +20230.0% |
| Deferred charges and accrued income | 490/1 | - | €9,440 | +€9,440 | |
| Total equity and liabilities | 10/49 | €36,993,677 | €35,120,954 | -€1.9m | -5.1% |
| Equity | 10/15 | -€4,168,577 | -€4,945,606 | -€777,030 | -18.6% |
| Contributions | 10/11 | €18,840 | €18,840 | = | 0.0% |
| Contributions outside capital | 11 | €18,840 | €18,840 | = | 0.0% |
| Other | 1109/19 | €18,840 | €18,840 | = | 0.0% |
| Reserves | 13 | €448,882 | €448,882 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,884 | €1,884 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,884 | €1,884 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,998 | €1,998 | = | 0.0% |
| Distributable reserves | 133 | €445,000 | €445,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,636,299 | -€5,413,328 | -€777,030 | -16.8% |
| Amounts payable | 17/49 | €41,162,254 | €40,066,560 | -€1.1m | -2.7% |
| Amounts payable within one year | 42/48 | €41,162,254 | €40,065,140 | -€1.1m | -2.7% |
| Trade debts | 44 | €4,621 | €199,438 | +€194,817 | +4216.2% |
| Suppliers | 440/4 | €4,621 | €199,438 | +€194,817 | +4216.2% |
| Taxes, remuneration and social security | 45 | €17,578 | €21,403 | +€3,826 | +21.8% |
| Taxes | 450/3 | €17,578 | €21,403 | +€3,826 | +21.8% |
| Other amounts payable | 47/48 | €41,140,056 | €39,844,299 | -€1.3m | -3.1% |
| Accrued charges and deferred income | 492/3 | - | €1,420 | +€1,420 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,044,939 | €986,490 | -€58,449 | -5.6% |
| Other operating charges | 640/8 | €215,869 | €242,637 | +€26,768 | +12.4% |
| Gross operating margin | 9900 | €1,373,431 | €1,576,402 | +€202,971 | +14.8% |
| Operating profit (loss) | 9901 | €112,622 | €347,274 | +€234,652 | +208.4% |
| Financial income | 75/76B | €364,235 | €303,397 | -€60,838 | -16.7% |
| Recurring financial income | 75 | €364,235 | €303,397 | -€60,838 | -16.7% |
| Financial charges | 65/66B | €1,599,702 | €1,427,689 | -€172,013 | -10.8% |
| Recurring financial charges | 65 | €1,599,702 | €1,427,689 | -€172,013 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,122,845 | -€777,018 | +€345,827 | +30.8% |
| Income taxes | 67/77 | €3 | €11 | +€9 | +330.5% |
| Profit (loss) for the period | 9904 | -€1,122,847 | -€777,030 | +€345,818 | +30.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,122,847 | -€777,030 | +€345,818 | +30.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.