Renopaul: 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.
Renopaul
Largest movements
- Cash +€27,881
up €27,881 (+43.4%), from €64,313 to €92,195
mainly Net result for the year (+€34,714) and Depreciation (+€10,720)
- Tangible fixed assets -€8,104
down €8,104 (-24.1%), from €33,590 to €25,486
of which Furniture and vehicles: -€7,014
- Receivables within one year +€5,796
up €5,796 (+27.5%), from €21,044 to €26,840
of which Trade receivables: +€9,865
- Receivables after one year +€2,000
new in 2026: €2,000
- Reserves +€30,000
up €30,000 (+73.2%), from €41,000 to €71,000
- Debts after one year -€6,660
down €6,660 (-79.5%), from €8,380 to €1,720
- Profit (loss) carried forward +€3,714
up €3,714 (+9.3%), from €39,850 to €43,564
- Trade debts -€2,792
down €2,792 (-91.5%), from €3,052 to €260
- Tax, wage and social debts +€2,051
up €2,051 (+230%), from €894 to €2,945
- Gross operating margin +€35,462
up €35,462 (+129%), from €27,409 to €62,871
- Taxes +€9,517
up €9,517 (+309%), from €3,077 to €12,594
- Other operating charges +€1,222
up €1,222 (+133%), from €916 to €2,138
- Financial charges -€1,025
down €1,025 (-26.4%), from €3,876 to €2,851
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 | €119,957 | €147,608 | +€27,652 | +23.1% |
| Fixed assets | 21/28 | €33,890 | €25,786 | -€8,104 | -23.9% |
| Tangible fixed assets | 22/27 | €33,590 | €25,486 | -€8,104 | -24.1% |
| Plant, machinery and equipment | 23 | €3,401 | €2,310 | -€1,090 | -32.1% |
| Furniture and vehicles | 24 | €30,190 | €23,176 | -€7,014 | -23.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €86,066 | €121,822 | +€35,756 | +41.5% |
| Amounts receivable after more than one year | 29 | - | €2,000 | +€2,000 | |
| Other amounts receivable | 291 | - | €2,000 | +€2,000 | |
| Amounts receivable within one year | 40/41 | €21,044 | €26,840 | +€5,796 | +27.5% |
| Trade receivables | 40 | €8,269 | €18,134 | +€9,865 | +119% |
| Other amounts receivable | 41 | €12,776 | €8,706 | -€4,070 | -31.9% |
| Cash at bank and in hand | 54/58 | €64,313 | €92,195 | +€27,881 | +43.4% |
| Deferred charges and accrued income | 490/1 | €709 | €787 | +€79 | +11.1% |
| Total equity and liabilities | 10/49 | €119,957 | €147,608 | +€27,652 | +23.1% |
| Equity | 10/15 | €101,310 | €135,024 | +€33,714 | +33.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €41,000 | €71,000 | +€30,000 | +73.2% |
| Distributable reserves | 133 | €41,000 | €71,000 | +€30,000 | +73.2% |
| Profit (loss) carried forward | 14 | €39,850 | €43,564 | +€3,714 | +9.3% |
| Amounts payable | 17/49 | €18,647 | €12,585 | -€6,062 | -32.5% |
| Amounts payable after more than one year | 17 | €8,380 | €1,720 | -€6,660 | -79.5% |
| Financial debts | 170/4 | €8,380 | €1,720 | -€6,660 | -79.5% |
| Amounts payable within one year | 42/48 | €10,267 | €10,865 | +€598 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €6,321 | €6,660 | +€339 | +5.4% |
| Trade debts | 44 | €3,052 | €260 | -€2,792 | -91.5% |
| Suppliers | 440/4 | €3,052 | €260 | -€2,792 | -91.5% |
| Taxes, remuneration and social security | 45 | €894 | €2,945 | +€2,051 | +230% |
| Taxes | 450/3 | €894 | €2,945 | +€2,051 | +230% |
| Other amounts payable | 47/48 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,907 | €10,720 | -€187 | -1.7% |
| Other operating charges | 640/8 | €916 | €2,138 | +€1,222 | +133% |
| Gross operating margin | 9900 | €27,409 | €62,871 | +€35,462 | +129% |
| Operating profit (loss) | 9901 | €15,586 | €50,014 | +€34,427 | +221% |
| Financial income | 75/76B | €7 | €145 | +€138 | +1,970% |
| Recurring financial income | 75 | €7 | €145 | +€138 | +1,970% |
| Financial charges | 65/66B | €3,876 | €2,851 | -€1,025 | -26.4% |
| Recurring financial charges | 65 | €3,876 | €2,851 | -€1,025 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €11,718 | €47,308 | +€35,590 | +304% |
| Income taxes | 67/77 | €3,077 | €12,594 | +€9,517 | +309% |
| Profit (loss) for the period | 9904 | €8,641 | €34,714 | +€26,073 | +302% |
| Profit (loss) for the period to be appropriated | 9905 | €8,641 | €34,714 | +€26,073 | +302% |
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 25 October 2026 via checked.be.