RENOTAL: 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.
RENOTAL
Largest movements
- Stocks and contracts -€346,443
no longer reported in 2025 (was €346,443)
- Cash +€27,942
up €27,942 (+2,941,226%), from €1 to €27,943
mainly Stocks and contracts (+€346,443) and Depreciation (+€545)
- Tangible fixed assets +€11,165
new in 2025: €11,165
- Debts after one year -€240,000
no longer reported in 2025 (was €240,000)
- Other debts -€32,405
down €32,405 (-25.3%), from €128,064 to €95,659
- Profit (loss) carried forward -€28,186
down €28,186 (-88.9%), from -€31,717 to -€59,903
- Accrued charges and deferred income -€5,343
no longer reported in 2025 (was €5,343)
- Financial charges -€16,249
down €16,249 (-65.8%), from €24,697 to €8,448
- Gross operating margin -€12,373
down €12,373 (-215%), from -€5,754 to -€18,127
- Depreciation +€545
new in 2025: €545
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 | €346,444 | €40,123 | -€306,321 | -88.4% |
| Fixed assets | 21/28 | - | €11,165 | +€11,165 | |
| Tangible fixed assets | 22/27 | - | €11,165 | +€11,165 | |
| Plant, machinery and equipment | 23 | - | €11,165 | +€11,165 | |
| Current assets | 29/58 | €346,444 | €28,958 | -€317,486 | -91.6% |
| Stocks and contracts in progress | 3 | €346,443 | - | -€346,443 | |
| Stocks | 30/36 | €346,443 | - | -€346,443 | |
| Amounts receivable within one year | 40/41 | - | €1,015 | +€1,015 | |
| Trade receivables | 40 | - | €455 | +€455 | |
| Other amounts receivable | 41 | - | €560 | +€560 | |
| Cash at bank and in hand | 54/58 | €1 | €27,943 | +€27,942 | +2,941,226% |
| Total equity and liabilities | 10/49 | €346,444 | €40,123 | -€306,321 | -88.4% |
| Equity | 10/15 | -€27,350 | -€55,536 | -€28,186 | -103% |
| Contributions | 10/11 | €2,600 | €2,600 | = | 0.0% |
| Reserves | 13 | €1,767 | €1,767 | = | 0.0% |
| Distributable reserves | 133 | €1,767 | €1,767 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,717 | -€59,903 | -€28,186 | -88.9% |
| Amounts payable | 17/49 | €373,794 | €95,659 | -€278,135 | -74.4% |
| Amounts payable after more than one year | 17 | €240,000 | - | -€240,000 | |
| Financial debts | 170/4 | €240,000 | - | -€240,000 | |
| Amounts payable within one year | 42/48 | €128,451 | €95,659 | -€32,792 | -25.5% |
| Trade debts | 44 | €387 | - | -€387 | |
| Suppliers | 440/4 | €387 | - | -€387 | |
| Other amounts payable | 47/48 | €128,064 | €95,659 | -€32,405 | -25.3% |
| Accrued charges and deferred income | 492/3 | €5,343 | - | -€5,343 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €545 | +€545 | |
| Other operating charges | 640/8 | €1,009 | €1,066 | +€57 | +5.6% |
| Non-recurring operating charges | 66A | €194 | - | -€194 | |
| Gross operating margin | 9900 | -€5,754 | -€18,127 | -€12,373 | -215% |
| Operating profit (loss) | 9901 | -€6,957 | -€19,738 | -€12,780 | -184% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €24,697 | €8,448 | -€16,249 | -65.8% |
| Recurring financial charges | 65 | €24,697 | €8,448 | -€16,249 | -65.8% |
| Profit (loss) for the period before taxes | 9903 | -€31,652 | -€28,186 | +€3,466 | +11.0% |
| Income taxes | 67/77 | €65 | - | -€65 | |
| Profit (loss) for the period | 9904 | -€31,717 | -€28,186 | +€3,531 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,717 | -€28,186 | +€3,531 | +11.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.