RENOPACK: 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.
RENOPACK
Largest movements
- Cash -€23,902
down €23,902 (-37.8%), from €63,243 to €39,341
mainly Contributions, distributions and other (-€30,000) and Debts after one year (-€13,220)
- Tangible fixed assets -€18,386
down €18,386 (-20.4%), from €90,312 to €71,926
of which Furniture and vehicles: -€17,011
- Receivables within one year +€9,146
up €9,146 (+84.9%), from €10,776 to €19,922
of which Trade receivables: +€4,631
- Reserves -€14,956
down €14,956 (-22.0%), from €67,912 to €52,955
of which Distributable reserves: -€14,956
- Debts after one year -€13,220
down €13,220 (-37.4%), from €35,378 to €22,158
- Current portion of long-term debt -€5,514
down €5,514 (-29.4%), from €18,734 to €13,220
- Gross operating margin -€5,829
down €5,829 (-11.2%), from €51,861 to €46,032
- Depreciation +€3,973
up €3,973 (+21.1%), from €18,805 to €22,778
- Taxes -€1,674
down €1,674 (-22.7%), from €7,362 to €5,688
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 | €165,430 | €133,515 | -€31,914 | -19.3% |
| Fixed assets | 21/28 | €90,482 | €72,566 | -€17,916 | -19.8% |
| Tangible fixed assets | 22/27 | €90,312 | €71,926 | -€18,386 | -20.4% |
| Land and buildings | 22 | €16,633 | €15,633 | -€1,000 | -6.0% |
| Plant, machinery and equipment | 23 | €6,616 | €6,242 | -€375 | -5.7% |
| Furniture and vehicles | 24 | €67,063 | €50,052 | -€17,011 | -25.4% |
| Financial fixed assets | 28 | €170 | €640 | +€470 | +276% |
| Current assets | 29/58 | €74,948 | €60,949 | -€13,998 | -18.7% |
| Amounts receivable within one year | 40/41 | €10,776 | €19,922 | +€9,146 | +84.9% |
| Trade receivables | 40 | €7,754 | €12,385 | +€4,631 | +59.7% |
| Other amounts receivable | 41 | €3,023 | €7,537 | +€4,514 | +149% |
| Cash at bank and in hand | 54/58 | €63,243 | €39,341 | -€23,902 | -37.8% |
| Deferred charges and accrued income | 490/1 | €928 | €1,687 | +€758 | +81.7% |
| Total equity and liabilities | 10/49 | €165,430 | €133,515 | -€31,914 | -19.3% |
| Equity | 10/15 | €86,462 | €71,505 | -€14,956 | -17.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €67,912 | €52,955 | -€14,956 | -22.0% |
| Non-distributable reserves | 130/1 | €1,200 | €1,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,200 | €1,200 | = | 0.0% |
| Distributable reserves | 133 | €66,712 | €51,755 | -€14,956 | -22.4% |
| Amounts payable | 17/49 | €78,968 | €62,010 | -€16,958 | -21.5% |
| Amounts payable after more than one year | 17 | €35,378 | €22,158 | -€13,220 | -37.4% |
| Financial debts | 170/4 | €35,378 | €22,158 | -€13,220 | -37.4% |
| Amounts payable within one year | 42/48 | €43,590 | €39,852 | -€3,738 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €18,734 | €13,220 | -€5,514 | -29.4% |
| Trade debts | 44 | €290 | €507 | +€217 | +75.1% |
| Suppliers | 440/4 | €290 | €507 | +€217 | +75.1% |
| Taxes, remuneration and social security | 45 | €4,566 | €6,125 | +€1,559 | +34.1% |
| Taxes | 450/3 | €4,566 | €6,125 | +€1,559 | +34.1% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Non-recurring operating income | 76A | €8,264 | - | -€8,264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,805 | €22,778 | +€3,973 | +21.1% |
| Other operating charges | 640/8 | €716 | €910 | +€194 | +27.1% |
| Gross operating margin | 9900 | €51,861 | €46,032 | -€5,829 | -11.2% |
| Operating profit (loss) | 9901 | €32,340 | €22,345 | -€9,996 | -30.9% |
| Financial income | 75/76B | €12 | €111 | +€99 | +846% |
| Recurring financial income | 75 | €12 | €111 | +€99 | +846% |
| Financial charges | 65/66B | €1,775 | €1,724 | -€51 | -2.9% |
| Recurring financial charges | 65 | €1,775 | €1,724 | -€51 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €30,577 | €20,732 | -€9,846 | -32.2% |
| Income taxes | 67/77 | €7,362 | €5,688 | -€1,674 | -22.7% |
| Profit (loss) for the period | 9904 | €23,215 | €15,044 | -€8,172 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,215 | €15,044 | -€8,172 | -35.2% |
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 28 October 2026 via checked.be.