Renopacif: 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.
Renopacif
Largest movements
- Tangible fixed assets -€31,561
down €31,561 (-35.9%), from €87,833 to €56,271
of which Other tangible fixed assets: -€21,566
- Cash +€12,916
up €12,916 (+127%), from €10,190 to €23,106
mainly Depreciation (+€31,931) and Net result for the year (+€16,434)
- Receivables within one year -€5,361
down €5,361 (-12.0%), from €44,730 to €39,368
of which Trade receivables: -€4,125
- Stocks and contracts -€4,209
down €4,209 (-11.4%), from €36,776 to €32,567
- Debts after one year -€22,126
down €22,126 (-42.3%), from €52,311 to €30,185
of which Other amounts payable: -€17,290
- Reserves +€16,434
up €16,434 (+234%), from €7,015 to €23,449
- Advances received -€12,620
down €12,620 (-50.5%), from €25,000 to €12,380
- Trade debts -€8,772
down €8,772 (-18.4%), from €47,773 to €39,001
- Gross operating margin +€80,035
up €80,035 (+251%), from €31,886 to €111,921
- Staff costs +€50,332
up €50,332 (+553%), from €9,102 to €59,435
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 | €184,110 | €156,965 | -€27,145 | -14.7% |
| Fixed assets | 21/28 | €90,833 | €59,271 | -€31,561 | -34.7% |
| Tangible fixed assets | 22/27 | €87,833 | €56,271 | -€31,561 | -35.9% |
| Plant, machinery and equipment | 23 | €28,792 | €20,626 | -€8,166 | -28.4% |
| Furniture and vehicles | 24 | €3,098 | €1,269 | -€1,829 | -59.0% |
| Other tangible fixed assets | 26 | €55,943 | €34,376 | -€21,566 | -38.6% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €93,278 | €97,694 | +€4,416 | +4.7% |
| Stocks and contracts in progress | 3 | €36,776 | €32,567 | -€4,209 | -11.4% |
| Stocks | 30/36 | €36,776 | €32,567 | -€4,209 | -11.4% |
| Amounts receivable within one year | 40/41 | €44,730 | €39,368 | -€5,361 | -12.0% |
| Trade receivables | 40 | €41,557 | €37,432 | -€4,125 | -9.9% |
| Other amounts receivable | 41 | €3,173 | €1,936 | -€1,237 | -39.0% |
| Cash at bank and in hand | 54/58 | €10,190 | €23,106 | +€12,916 | +127% |
| Deferred charges and accrued income | 490/1 | €1,582 | €2,653 | +€1,071 | +67.7% |
| Total equity and liabilities | 10/49 | €184,110 | €156,965 | -€27,145 | -14.7% |
| Equity | 10/15 | €25,607 | €42,041 | +€16,434 | +64.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €7,015 | €23,449 | +€16,434 | +234% |
| Distributable reserves | 133 | €7,015 | €23,449 | +€16,434 | +234% |
| Amounts payable | 17/49 | €158,504 | €114,925 | -€43,579 | -27.5% |
| Amounts payable after more than one year | 17 | €52,311 | €30,185 | -€22,126 | -42.3% |
| Financial debts | 170/4 | €18,892 | €14,056 | -€4,836 | -25.6% |
| Other amounts payable | 178/9 | €33,419 | €16,129 | -€17,290 | -51.7% |
| Amounts payable within one year | 42/48 | €106,193 | €84,740 | -€21,453 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €6,356 | €4,836 | -€1,520 | -23.9% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €47,773 | €39,001 | -€8,772 | -18.4% |
| Suppliers | 440/4 | €47,773 | €39,001 | -€8,772 | -18.4% |
| Advances received on contracts in progress | 46 | €25,000 | €12,380 | -€12,620 | -50.5% |
| Taxes, remuneration and social security | 45 | €2,065 | €3,524 | +€1,459 | +70.7% |
| Taxes | 450/3 | - | €1,780 | +€1,780 | |
| Remuneration and social security | 454/9 | €2,065 | €1,744 | -€321 | -15.6% |
| Non-recurring operating income | 76A | - | €2,417 | +€2,417 | |
| Remuneration, social security and pensions | 62 | €9,102 | €59,435 | +€50,332 | +553% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,969 | €31,931 | +€962 | +3.1% |
| Other operating charges | 640/8 | €1,844 | €1,838 | -€6 | -0.3% |
| Gross operating margin | 9900 | €31,886 | €111,921 | +€80,035 | +251% |
| Operating profit (loss) | 9901 | -€10,029 | €18,717 | +€28,747 | |
| Financial income | 75/76B | €152 | €818 | +€665 | +437% |
| Recurring financial income | 75 | €152 | €818 | +€665 | +437% |
| Financial charges | 65/66B | €2,926 | €3,101 | +€175 | +6.0% |
| Recurring financial charges | 65 | €2,926 | €3,101 | +€175 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,803 | €16,434 | +€29,237 | |
| Profit (loss) for the period | 9904 | -€12,803 | €16,434 | +€29,237 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,803 | €16,434 | +€29,237 |
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 23 October 2026 via checked.be.