RENOMO: 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.
RENOMO
Largest movements
- Current investments -€396,178
down €396,178 (-88.1%), from €449,857 to €53,679
- Tangible fixed assets -€28,738
down €28,738 (-11.4%), from €253,045 to €224,307
of which Leasing and similar rights: -€18,185
- Cash -€17,234
down €17,234 (-36.4%), from €47,332 to €30,098
mainly Net result for the year (-€357,988) and Debts after one year (-€70,443)
- Reserves -€357,988
down €357,988 (-65.3%), from €547,806 to €189,818
of which Distributable reserves: -€357,678
- Debts after one year -€70,443
down €70,443 (-26.0%), from €270,443 to €200,000
- Trade debts -€16,795
down €16,795 (-74.4%), from €22,576 to €5,781
- Current portion of long-term debt +€14,608
up €14,608 (+6.2%), from €235,835 to €250,443
- Tax, wage and social debts -€13,863
down €13,863 (-96.4%), from €14,385 to €522
- Financial charges +€356,274
up €356,274 (+654%), from €54,451 to €410,725
of which Financial charges: +€380,408
- Gross operating margin -€33,370
down €33,370 (-27.3%), from €122,394 to €89,024
- Taxes -€27,712
down €27,712 (-94.1%), from €29,456 to €1,744
- Other operating charges -€12,196
down €12,196 (-61.2%), from €19,916 to €7,719
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,293,686 | €859,147 | -€434,539 | -33.6% |
| Fixed assets | 21/28 | €253,045 | €224,307 | -€28,738 | -11.4% |
| Tangible fixed assets | 22/27 | €253,045 | €224,307 | -€28,738 | -11.4% |
| Land and buildings | 22 | €217,472 | €206,919 | -€10,553 | -4.9% |
| Leasing and similar rights | 25 | €35,573 | €17,388 | -€18,185 | -51.1% |
| Current assets | 29/58 | €1,040,641 | €634,840 | -€405,801 | -39.0% |
| Stocks and contracts in progress | 3 | €533,685 | €536,041 | +€2,356 | +0.4% |
| Stocks | 30/36 | €533,685 | €536,041 | +€2,356 | +0.4% |
| Amounts receivable within one year | 40/41 | €9,768 | €15,022 | +€5,254 | +53.8% |
| Trade receivables | 40 | €3,965 | €10,700 | +€6,735 | +170% |
| Other amounts receivable | 41 | €5,803 | €4,322 | -€1,480 | -25.5% |
| Current investments | 50/53 | €449,857 | €53,679 | -€396,178 | -88.1% |
| Cash at bank and in hand | 54/58 | €47,332 | €30,098 | -€17,234 | -36.4% |
| Total equity and liabilities | 10/49 | €1,293,686 | €859,147 | -€434,539 | -33.6% |
| Equity | 10/15 | €747,806 | €389,818 | -€357,988 | -47.9% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €547,806 | €189,818 | -€357,988 | -65.3% |
| Tax-exempt reserves | 132 | €2,238 | €1,928 | -€311 | -13.9% |
| Distributable reserves | 133 | €545,568 | €187,890 | -€357,678 | -65.6% |
| Provisions and deferred taxes | 16 | €746 | €643 | -€104 | -13.9% |
| Deferred taxes | 168 | €746 | €643 | -€104 | -13.9% |
| Amounts payable | 17/49 | €545,134 | €468,687 | -€76,447 | -14.0% |
| Amounts payable after more than one year | 17 | €270,443 | €200,000 | -€70,443 | -26.0% |
| Financial debts | 170/4 | €270,443 | €200,000 | -€70,443 | -26.0% |
| Amounts payable within one year | 42/48 | €273,191 | €267,187 | -€6,004 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €235,835 | €250,443 | +€14,608 | +6.2% |
| Trade debts | 44 | €22,576 | €5,781 | -€16,795 | -74.4% |
| Suppliers | 440/4 | €22,576 | €5,781 | -€16,795 | -74.4% |
| Taxes, remuneration and social security | 45 | €14,385 | €522 | -€13,863 | -96.4% |
| Taxes | 450/3 | €14,385 | €522 | -€13,863 | -96.4% |
| Other amounts payable | 47/48 | €396 | €10,441 | +€10,046 | +2,539% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €151 | €222 | +€71 | +47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,738 | €28,738 | = | 0.0% |
| Other operating charges | 640/8 | €19,916 | €7,719 | -€12,196 | -61.2% |
| Non-recurring operating charges | 66A | €2,011 | €0 | -€2,011 | -100% |
| Gross operating margin | 9900 | €122,394 | €89,024 | -€33,370 | -27.3% |
| Operating profit (loss) | 9901 | €71,578 | €52,345 | -€19,233 | -26.9% |
| Financial income | 75/76B | €2,162 | €2,032 | -€129 | -6.0% |
| Recurring financial income | 75 | €2,162 | €2,032 | -€129 | -6.0% |
| Financial charges | 65/66B | €54,451 | €410,725 | +€356,274 | +654% |
| Recurring financial charges | 65 | €30,316 | €410,725 | +€380,408 | +1,255% |
| Non-recurring financial charges | 66B | €24,134 | €0 | -€24,134 | -100% |
| Profit (loss) for the period before taxes | 9903 | €19,289 | -€356,348 | -€375,637 | |
| Transfer from deferred taxes | 780 | €12,872 | €104 | -€12,769 | -99.2% |
| Income taxes | 67/77 | €29,456 | €1,744 | -€27,712 | -94.1% |
| Profit (loss) for the period | 9904 | €2,705 | -€357,988 | -€360,693 | |
| Transfer from tax-exempt reserves | 789 | €38,617 | €311 | -€38,306 | -99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,321 | -€357,678 | -€398,999 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.