Renona: 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.
Renona
Largest movements
- Tangible fixed assets -€35,253
down €35,253 (-98.4%), from €35,816 to €564
of which Leasing and similar rights: -€35,816
- Receivables within one year +€16,679
up €16,679 (+133.3%), from €12,508 to €29,187
of which Trade receivables: +€13,206
- Cash -€9,240
down €9,240 (-32.7%), from €28,233 to €18,993
mainly Debts after one year (-€25,529) and Receivables within one year (-€16,679)
- Deferred charges and accrued income +€4,303
new in 2025: €4,303
- Formation expenses -€941
no longer reported in 2025 (was €941)
- Debts after one year -€25,529
down €25,529 (-81.5%), from €31,323 to €5,794
of which Financial debts: -€25,559
- Reserves +€10,012
up €10,012 (+50.6%), from €19,796 to €29,808
- Current portion of long-term debt -€9,542
no longer reported in 2025 (was €9,542)
- Other debts -€1,190
no longer reported in 2025 (was €1,190)
- Trade debts +€854
up €854 (+55.8%), from €1,528 to €2,382
- Gross operating margin -€16,917
down €16,917 (-44.9%), from €37,639 to €20,722
- Depreciation -€6,239
down €6,239 (-86.3%), from €7,229 to €991
- Taxes -€1,405
down €1,405 (-21.8%), from €6,432 to €5,027
- Financial charges +€998
up €998 (+49.7%), from €2,006 to €3,003
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 | €77,498 | €53,047 | -€24,452 | -31.6% |
| Formation expenses | 20 | €941 | - | -€941 | |
| Fixed assets | 21/28 | €35,816 | €564 | -€35,253 | -98.4% |
| Tangible fixed assets | 22/27 | €35,816 | €564 | -€35,253 | -98.4% |
| Leasing and similar rights | 25 | €35,816 | - | -€35,816 | |
| Other tangible fixed assets | 26 | - | €564 | +€564 | |
| Current assets | 29/58 | €40,741 | €52,483 | +€11,742 | +28.8% |
| Amounts receivable within one year | 40/41 | €12,508 | €29,187 | +€16,679 | +133.3% |
| Trade receivables | 40 | €11,940 | €25,146 | +€13,206 | +110.6% |
| Other amounts receivable | 41 | €568 | €4,041 | +€3,473 | +611.2% |
| Cash at bank and in hand | 54/58 | €28,233 | €18,993 | -€9,240 | -32.7% |
| Deferred charges and accrued income | 490/1 | - | €4,303 | +€4,303 | |
| Total equity and liabilities | 10/49 | €77,498 | €53,047 | -€24,452 | -31.6% |
| Equity | 10/15 | €21,296 | €31,308 | +€10,012 | +47.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €19,796 | €29,808 | +€10,012 | +50.6% |
| Distributable reserves | 133 | €19,796 | €29,808 | +€10,012 | +50.6% |
| Amounts payable | 17/49 | €56,202 | €21,739 | -€34,463 | -61.3% |
| Amounts payable after more than one year | 17 | €31,323 | €5,794 | -€25,529 | -81.5% |
| Financial debts | 170/4 | €25,559 | - | -€25,559 | |
| Other amounts payable | 178/9 | €5,764 | €5,794 | +€30 | +0.5% |
| Amounts payable within one year | 42/48 | €24,879 | €15,945 | -€8,934 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €9,542 | - | -€9,542 | |
| Financial debts | 43 | €7,000 | €7,099 | +€99 | +1.4% |
| Credit institutions | 430/8 | €7,000 | €7,099 | +€99 | +1.4% |
| Trade debts | 44 | €1,528 | €2,382 | +€854 | +55.8% |
| Suppliers | 440/4 | €1,528 | €2,382 | +€854 | +55.8% |
| Taxes, remuneration and social security | 45 | €5,619 | €6,464 | +€845 | +15.0% |
| Taxes | 450/3 | €5,619 | €6,464 | +€845 | +15.0% |
| Other amounts payable | 47/48 | €1,190 | - | -€1,190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,229 | €991 | -€6,239 | -86.3% |
| Other operating charges | 640/8 | €476 | €397 | -€80 | -16.7% |
| Non-recurring operating charges | 66A | - | €1,294 | +€1,294 | |
| Gross operating margin | 9900 | €37,639 | €20,722 | -€16,917 | -44.9% |
| Operating profit (loss) | 9901 | €29,934 | €18,041 | -€11,893 | -39.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | +6400.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +6400.0% |
| Financial charges | 65/66B | €2,006 | €3,003 | +€998 | +49.7% |
| Recurring financial charges | 65 | €2,006 | €3,003 | +€998 | +49.7% |
| Profit (loss) for the period before taxes | 9903 | €27,928 | €15,039 | -€12,889 | -46.2% |
| Income taxes | 67/77 | €6,432 | €5,027 | -€1,405 | -21.8% |
| Profit (loss) for the period | 9904 | €21,496 | €10,012 | -€11,484 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,496 | €10,012 | -€11,484 | -53.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.