RENOPAND: 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.
RENOPAND
Largest movements
- Stocks and contracts +€19,666
up €19,666 (+31.9%), from €61,637 to €81,303
- Receivables within one year -€17,308
down €17,308 (-34.4%), from €50,277 to €32,969
of which Trade receivables: -€26,690
- Cash +€13,194
up €13,194 (+249%), from €5,289 to €18,483
mainly Other debts (+€23,254) and Receivables within one year (+€17,308)
- Tangible fixed assets +€5,162
up €5,162 (+382%), from €1,351 to €6,513
of which Furniture and vehicles: +€4,940
- Other debts +€23,254
up €23,254 (+90.5%), from €25,689 to €48,942
- Trade debts -€1,531
down €1,531 (-40.1%), from €3,816 to €2,286
- Tax, wage and social debts -€1,493
down €1,493 (-37.5%), from €3,980 to €2,488
of which Taxes: -€1,707
- Gross operating margin +€16,191
up €16,191 (+43.1%), from €37,589 to €53,780
- Staff costs +€11,976
up €11,976 (+31.3%), from €38,284 to €50,260
- Other operating charges +€1,260
up €1,260 (+377%), from €335 to €1,595
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 | €118,555 | €139,269 | +€20,714 | +17.5% |
| Fixed assets | 21/28 | €1,351 | €6,513 | +€5,162 | +382% |
| Tangible fixed assets | 22/27 | €1,351 | €6,513 | +€5,162 | +382% |
| Plant, machinery and equipment | 23 | €613 | €834 | +€222 | +36.2% |
| Furniture and vehicles | 24 | €739 | €5,679 | +€4,940 | +669% |
| Current assets | 29/58 | €117,203 | €132,755 | +€15,552 | +13.3% |
| Stocks and contracts in progress | 3 | €61,637 | €81,303 | +€19,666 | +31.9% |
| Stocks | 30/36 | €61,637 | €81,303 | +€19,666 | +31.9% |
| Amounts receivable within one year | 40/41 | €50,277 | €32,969 | -€17,308 | -34.4% |
| Trade receivables | 40 | €26,690 | - | -€26,690 | |
| Other amounts receivable | 41 | €23,588 | €32,969 | +€9,381 | +39.8% |
| Cash at bank and in hand | 54/58 | €5,289 | €18,483 | +€13,194 | +249% |
| Total equity and liabilities | 10/49 | €118,555 | €139,269 | +€20,714 | +17.5% |
| Equity | 10/15 | €85,069 | €85,553 | +€484 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,469 | €66,953 | +€484 | +0.7% |
| Distributable reserves | 133 | €66,469 | €66,953 | +€484 | +0.7% |
| Amounts payable | 17/49 | €33,485 | €53,715 | +€20,230 | +60.4% |
| Amounts payable within one year | 42/48 | €33,485 | €53,715 | +€20,230 | +60.4% |
| Trade debts | 44 | €3,816 | €2,286 | -€1,531 | -40.1% |
| Suppliers | 440/4 | €3,816 | €2,286 | -€1,531 | -40.1% |
| Taxes, remuneration and social security | 45 | €3,980 | €2,488 | -€1,493 | -37.5% |
| Taxes | 450/3 | €2,121 | €414 | -€1,707 | -80.5% |
| Remuneration and social security | 454/9 | €1,859 | €2,074 | +€215 | +11.6% |
| Other amounts payable | 47/48 | €25,689 | €48,942 | +€23,254 | +90.5% |
| Non-recurring operating income | 76A | €723 | - | -€723 | |
| Remuneration, social security and pensions | 62 | €38,284 | €50,260 | +€11,976 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €849 | €845 | -€4 | -0.5% |
| Other operating charges | 640/8 | €335 | €1,595 | +€1,260 | +377% |
| Gross operating margin | 9900 | €37,589 | €53,780 | +€16,191 | +43.1% |
| Operating profit (loss) | 9901 | -€1,879 | €1,080 | +€2,959 | |
| Financial charges | 65/66B | €85 | €224 | +€139 | +164% |
| Recurring financial charges | 65 | €85 | €224 | +€139 | +164% |
| Profit (loss) for the period before taxes | 9903 | -€1,963 | €856 | +€2,820 | |
| Income taxes | 67/77 | - | €373 | +€373 | |
| Profit (loss) for the period | 9904 | -€1,963 | €484 | +€2,447 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,963 | €484 | +€2,447 |
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 17 October 2026 via checked.be.