RENOTAR: what changed
RENOTAR
Largest movements
- Tangible fixed assets -€10,331
down €10,331 (-66.1%), from €15,623 to €5,293
- Cash -€4,349
down €4,349 (-68.3%), from €6,366 to €2,016
mainly Tax, wage and social debts (-€8,153) and Debts after one year (-€7,789)
- Receivables within one year +€2,735
up €2,735 (+10.7%), from €25,487 to €28,222
of which Trade receivables: +€2,946
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Tax, wage and social debts -€8,153
down €8,153 (-67.2%), from €12,135 to €3,982
of which Taxes: -€6,251
- Debts after one year -€7,789
down €7,789 (-100%), from €7,789 to €0
- Trade debts -€7,279
down €7,279 (-40.0%), from €18,216 to €10,937
- Gross operating margin -€11,412
down €11,412 (-51.9%), from €21,976 to €10,564
- Depreciation +€6,198
up €6,198 (+150%), from €4,132 to €10,331
- Taxes -€4,538
down €4,538 (-100%), from €4,538 to €0
- Other operating charges -€346
down €346 (-21.8%), from €1,592 to €1,246
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,728 | €94,366 | -€11,362 | -10.7% |
| Fixed assets | 21/28 | €15,623 | €5,293 | -€10,331 | -66.1% |
| Tangible fixed assets | 22/27 | €15,623 | €5,293 | -€10,331 | -66.1% |
| Furniture and vehicles | 24 | €15,623 | €5,293 | -€10,331 | -66.1% |
| Current assets | 29/58 | €90,105 | €89,074 | -€1,031 | -1.1% |
| Amounts receivable within one year | 40/41 | €25,487 | €28,222 | +€2,735 | +10.7% |
| Trade receivables | 40 | €6,492 | €9,438 | +€2,946 | +45.4% |
| Other amounts receivable | 41 | €18,995 | €18,783 | -€212 | -1.1% |
| Current investments | 50/53 | €58,146 | €58,146 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,366 | €2,016 | -€4,349 | -68.3% |
| Deferred charges and accrued income | 490/1 | €106 | €689 | +€583 | +550% |
| Total equity and liabilities | 10/49 | €105,728 | €94,366 | -€11,362 | -10.7% |
| Equity | 10/15 | €67,585 | €79,448 | +€11,863 | +17.6% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €61,385 | €60,848 | -€537 | -0.9% |
| 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 | €59,525 | €58,988 | -€537 | -0.9% |
| Amounts payable | 17/49 | €38,143 | €14,919 | -€23,225 | -60.9% |
| Amounts payable after more than one year | 17 | €7,789 | €0 | -€7,789 | -100% |
| Financial debts | 170/4 | €7,789 | €0 | -€7,789 | -100% |
| Amounts payable within one year | 42/48 | €30,354 | €14,919 | -€15,436 | -50.9% |
| Trade debts | 44 | €18,216 | €10,937 | -€7,279 | -40.0% |
| Suppliers | 440/4 | €18,216 | €10,937 | -€7,279 | -40.0% |
| Taxes, remuneration and social security | 45 | €12,135 | €3,982 | -€8,153 | -67.2% |
| Taxes | 450/3 | €10,233 | €3,982 | -€6,251 | -61.1% |
| Remuneration and social security | 454/9 | €1,903 | €0 | -€1,903 | -100% |
| Other amounts payable | 47/48 | €3 | €0 | -€3 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,132 | €10,331 | +€6,198 | +150% |
| Other operating charges | 640/8 | €1,592 | €1,246 | -€346 | -21.8% |
| Gross operating margin | 9900 | €21,976 | €10,564 | -€11,412 | -51.9% |
| Operating profit (loss) | 9901 | €16,252 | -€1,012 | -€17,264 | |
| Financial income | 75/76B | €672 | €716 | +€45 | +6.6% |
| Recurring financial income | 75 | €672 | €716 | +€45 | +6.6% |
| Financial charges | 65/66B | €272 | €241 | -€31 | -11.3% |
| Recurring financial charges | 65 | €272 | €241 | -€31 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €16,652 | -€537 | -€17,189 | |
| Income taxes | 67/77 | €4,538 | €0 | -€4,538 | -100% |
| Profit (loss) for the period | 9904 | €12,114 | -€537 | -€12,651 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,114 | -€537 | -€12,651 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.