RENOPROJECTS: 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.
RENOPROJECTS
Largest movements
- Tangible fixed assets -€601,187
no longer reported in 2025 (was €601,187)
- Stocks and contracts +€373,560
up €373,560 (+30.6%), from €1.2m to €1.6m
- Cash +€137,962
up €137,962 (+3097.5%), from €4,454 to €142,416
mainly Investment in fixed assets (net) (+€601,187) and Net result for the year (+€176,539)
- Receivables within one year +€35,000
new in 2025: €35,000
- Trade debts -€229,357
down €229,357 (-37.8%), from €606,083 to €376,725
- Reserves +€116,429
up €116,429 (+75.4%), from €154,432 to €270,861
of which Distributable reserves: +€116,429
- Tax, wage and social debts +€65,430
new in 2025: €65,430
- Short-term financial debts +€64,931
up €64,931 (+10.5%), from €616,019 to €680,950
of which Other loans: +€63,830
- Other debts -€46,695
down €46,695 (-23.4%), from €199,645 to €152,950
- Gross operating margin +€221,914
up €221,914 (+600.6%), from €36,951 to €258,865
- Taxes +€65,430
new in 2025: €65,430
- Depreciation -€21,853
no longer reported in 2025 (was €21,853)
- Other operating charges +€5,515
up €5,515 (+101.7%), from €5,424 to €10,939
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 | €1,837,459 | €1,786,542 | -€50,917 | -2.8% |
| Fixed assets | 21/28 | €601,187 | - | -€601,187 | |
| Tangible fixed assets | 22/27 | €601,187 | - | -€601,187 | |
| Land and buildings | 22 | €601,187 | - | -€601,187 | |
| Current assets | 29/58 | €1,236,272 | €1,786,542 | +€550,270 | +44.5% |
| Stocks and contracts in progress | 3 | €1,220,843 | €1,594,403 | +€373,560 | +30.6% |
| Stocks | 30/36 | €1,220,843 | €1,594,403 | +€373,560 | +30.6% |
| Amounts receivable within one year | 40/41 | - | €35,000 | +€35,000 | |
| Other amounts receivable | 41 | - | €35,000 | +€35,000 | |
| Cash at bank and in hand | 54/58 | €4,454 | €142,416 | +€137,962 | +3097.5% |
| Deferred charges and accrued income | 490/1 | €10,974 | €14,723 | +€3,749 | +34.2% |
| Total equity and liabilities | 10/49 | €1,837,459 | €1,786,542 | -€50,917 | -2.8% |
| Equity | 10/15 | €164,972 | €283,261 | +€118,289 | +71.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €154,432 | €270,861 | +€116,429 | +75.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €152,572 | €269,001 | +€116,429 | +76.3% |
| Profit (loss) carried forward | 14 | -€1,860 | - | +€1,860 | |
| Amounts payable | 17/49 | €1,672,487 | €1,503,280 | -€169,206 | -10.1% |
| Amounts payable after more than one year | 17 | €227,521 | €222,240 | -€5,281 | -2.3% |
| Financial debts | 170/4 | €227,521 | €222,240 | -€5,281 | -2.3% |
| Amounts payable within one year | 42/48 | €1,444,966 | €1,281,040 | -€163,926 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €23,219 | €4,985 | -€18,234 | -78.5% |
| Financial debts | 43 | €616,019 | €680,950 | +€64,931 | +10.5% |
| Credit institutions | 430/8 | - | €1,101 | +€1,101 | |
| Other loans | 439 | €616,019 | €679,849 | +€63,830 | +10.4% |
| Trade debts | 44 | €606,083 | €376,725 | -€229,357 | -37.8% |
| Suppliers | 440/4 | €606,083 | €376,725 | -€229,357 | -37.8% |
| Taxes, remuneration and social security | 45 | - | €65,430 | +€65,430 | |
| Taxes | 450/3 | - | €65,430 | +€65,430 | |
| Other amounts payable | 47/48 | €199,645 | €152,950 | -€46,695 | -23.4% |
| Non-recurring operating income | 76A | - | €274,165 | +€274,165 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,853 | - | -€21,853 | |
| Other operating charges | 640/8 | €5,424 | €10,939 | +€5,515 | +101.7% |
| Gross operating margin | 9900 | €36,951 | €258,865 | +€221,914 | +600.6% |
| Operating profit (loss) | 9901 | €9,674 | €247,926 | +€238,252 | +2462.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,049 | €5,957 | -€2,092 | -26.0% |
| Recurring financial charges | 65 | €8,049 | €5,957 | -€2,092 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €1,625 | €241,969 | +€240,344 | +14786.7% |
| Income taxes | 67/77 | - | €65,430 | +€65,430 | |
| Profit (loss) for the period | 9904 | €1,625 | €176,539 | +€174,914 | +10761.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,625 | €176,539 | +€174,914 | +10761.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.