RENOREX: 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.
RENOREX
Largest movements
- Cash -€41,446
down €41,446 (-34.4%), from €120,433 to €78,987
mainly Contributions, distributions and other (-€156,490) and Trade debts (-€31,855)
- Receivables within one year +€16,787
up €16,787 (+7.2%), from €231,617 to €248,404
of which Other amounts receivable: +€15,267
- Tangible fixed assets -€9,588
down €9,588 (-3.7%), from €256,235 to €246,648
of which Furniture and vehicles: -€12,083
- Other debts +€85,734
up €85,734 (+105.2%), from €81,523 to €167,258
- Profit (loss) carried forward -€68,257
down €68,257 (-43.6%), from €156,490 to €88,232
- Trade debts -€31,855
down €31,855 (-15.8%), from €201,838 to €169,983
- Debts after one year -€16,613
down €16,613 (-11.3%), from €147,515 to €130,901
- Tax, wage and social debts +€15,589
up €15,589 (+150.4%), from €10,368 to €25,958
of which Taxes: +€15,567
- Gross operating margin +€84,594
up €84,594 (+102.5%), from €82,558 to €167,152
- Taxes +€16,335
up €16,335 (+149.5%), from €10,924 to €27,258
- Other operating charges +€10,763
up €10,763 (+232.5%), from €4,630 to €15,393
- Depreciation +€6,922
up €6,922 (+31.1%), from €22,255 to €29,178
- Financial income +€2,912
up €2,912 (+645.4%), from €451 to €3,363
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 | €648,299 | €618,459 | -€29,840 | -4.6% |
| Fixed assets | 21/28 | €296,235 | €286,648 | -€9,588 | -3.2% |
| Tangible fixed assets | 22/27 | €256,235 | €246,648 | -€9,588 | -3.7% |
| Land and buildings | 22 | €201,544 | €193,967 | -€7,577 | -3.8% |
| Plant, machinery and equipment | 23 | €5,037 | €15,109 | +€10,072 | +200.0% |
| Furniture and vehicles | 24 | €49,655 | €37,572 | -€12,083 | -24.3% |
| Financial fixed assets | 28 | €40,000 | €40,000 | = | 0.0% |
| Current assets | 29/58 | €352,064 | €331,811 | -€20,252 | -5.8% |
| Amounts receivable within one year | 40/41 | €231,617 | €248,404 | +€16,787 | +7.2% |
| Trade receivables | 40 | €219,613 | €221,133 | +€1,520 | +0.7% |
| Other amounts receivable | 41 | €12,004 | €27,271 | +€15,267 | +127.2% |
| Cash at bank and in hand | 54/58 | €120,433 | €78,987 | -€41,446 | -34.4% |
| Deferred charges and accrued income | 490/1 | €14 | €4,420 | +€4,406 | +31051.4% |
| Total equity and liabilities | 10/49 | €648,299 | €618,459 | -€29,840 | -4.6% |
| Equity | 10/15 | €166,490 | €98,232 | -€68,257 | -41.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,490 | €88,232 | -€68,257 | -43.6% |
| Amounts payable | 17/49 | €481,809 | €520,227 | +€38,417 | +8.0% |
| Amounts payable after more than one year | 17 | €147,515 | €130,901 | -€16,613 | -11.3% |
| Financial debts | 170/4 | €147,515 | €130,901 | -€16,613 | -11.3% |
| Amounts payable within one year | 42/48 | €334,295 | €389,325 | +€55,031 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €30,551 | €16,613 | -€13,938 | -45.6% |
| Trade debts | 44 | €201,838 | €169,983 | -€31,855 | -15.8% |
| Suppliers | 440/4 | €201,838 | €169,983 | -€31,855 | -15.8% |
| Advances received on contracts in progress | 46 | €10,014 | €9,514 | -€500 | -5.0% |
| Taxes, remuneration and social security | 45 | €10,368 | €25,958 | +€15,589 | +150.4% |
| Taxes | 450/3 | €10,368 | €25,936 | +€15,567 | +150.1% |
| Remuneration and social security | 454/9 | - | €22 | +€22 | |
| Other amounts payable | 47/48 | €81,523 | €167,258 | +€85,734 | +105.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,255 | €29,178 | +€6,922 | +31.1% |
| Other operating charges | 640/8 | €4,630 | €15,393 | +€10,763 | +232.5% |
| Gross operating margin | 9900 | €82,558 | €167,152 | +€84,594 | +102.5% |
| Operating profit (loss) | 9901 | €55,673 | €122,582 | +€66,909 | +120.2% |
| Financial income | 75/76B | €451 | €3,363 | +€2,912 | +645.4% |
| Recurring financial income | 75 | €451 | €3,363 | +€2,912 | +645.4% |
| Financial charges | 65/66B | €8,327 | €10,454 | +€2,127 | +25.5% |
| Recurring financial charges | 65 | €8,327 | €10,454 | +€2,127 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | €47,797 | €115,491 | +€67,693 | +141.6% |
| Income taxes | 67/77 | €10,924 | €27,258 | +€16,335 | +149.5% |
| Profit (loss) for the period | 9904 | €36,874 | €88,232 | +€51,359 | +139.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,874 | €88,232 | +€51,359 | +139.3% |
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 12 October 2026 via checked.be.