Renopipe: 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.
Renopipe
Largest movements
- Tangible fixed assets -€19,768
down €19,768 (-97.2%), from €20,343 to €574
of which Plant, machinery and equipment: -€14,968
- Cash -€10,072
down €10,072 (-95.2%), from €10,580 to €508
mainly Current portion of long-term debt (-€53,608) and Net result for the year (-€23,657)
- Receivables within one year +€511
up €511 (+16.1%), from €3,169 to €3,680
- Current portion of long-term debt -€53,608
down €53,608 (-100.0%), from €53,608 to €0
- Debts after one year +€48,000
up €48,000 (+7.0%), from €685,000 to €733,000
of which Other amounts payable: +€48,000
- Profit (loss) carried forward -€23,657
down €23,657 (-2.5%), from -€954,674 to -€978,331
- Gross operating margin +€5,228
up €5,228 (+60.3%), from -€8,664 to -€3,436
- Depreciation -€1,506
down €1,506 (-7.1%), from €21,274 to €19,768
- Financial charges -€839
down €839 (-74.5%), from €1,126 to €287
- Staff costs +€89
up €89, from -€89 to €0
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 | €34,126 | €4,797 | -€29,329 | -85.9% |
| Fixed assets | 21/28 | €20,378 | €609 | -€19,768 | -97.0% |
| Tangible fixed assets | 22/27 | €20,343 | €574 | -€19,768 | -97.2% |
| Plant, machinery and equipment | 23 | €14,968 | €0 | -€14,968 | -100.0% |
| Assets under construction and advance payments | 27 | €5,374 | €574 | -€4,800 | -89.3% |
| Financial fixed assets | 28 | €35 | €35 | = | 0.0% |
| Current assets | 29/58 | €13,749 | €4,188 | -€9,561 | -69.5% |
| Amounts receivable within one year | 40/41 | €3,169 | €3,680 | +€511 | +16.1% |
| Other amounts receivable | 41 | €3,169 | €3,680 | +€511 | +16.1% |
| Cash at bank and in hand | 54/58 | €10,580 | €508 | -€10,072 | -95.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €34,126 | €4,797 | -€29,329 | -85.9% |
| Equity | 10/15 | -€704,674 | -€728,331 | -€23,657 | -3.4% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€954,674 | -€978,331 | -€23,657 | -2.5% |
| Amounts payable | 17/49 | €738,800 | €733,128 | -€5,672 | -0.8% |
| Amounts payable after more than one year | 17 | €685,000 | €733,000 | +€48,000 | +7.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €685,000 | €733,000 | +€48,000 | +7.0% |
| Amounts payable within one year | 42/48 | €53,800 | €128 | -€53,672 | -99.8% |
| Current portion of amounts payable after more than one year | 42 | €53,608 | €0 | -€53,608 | -100.0% |
| Trade debts | 44 | €126 | €128 | +€2 | +1.6% |
| Suppliers | 440/4 | €126 | €128 | +€2 | +1.6% |
| Taxes, remuneration and social security | 45 | €66 | €0 | -€66 | -100.0% |
| Taxes | 450/3 | €66 | €0 | -€66 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€89 | €0 | +€89 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,274 | €19,768 | -€1,506 | -7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €104 | €167 | +€62 | +59.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€8,664 | -€3,436 | +€5,228 | +60.3% |
| Operating profit (loss) | 9901 | -€29,954 | -€23,371 | +€6,583 | +22.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,126 | €287 | -€839 | -74.5% |
| Recurring financial charges | 65 | €1,126 | €287 | -€839 | -74.5% |
| Profit (loss) for the period before taxes | 9903 | -€31,080 | -€23,657 | +€7,422 | +23.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€31,080 | -€23,657 | +€7,422 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,080 | -€23,657 | +€7,422 | +23.9% |
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 6 October 2026 via checked.be.