RENOTAS: 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.
RENOTAS
Largest movements
- Receivables within one year +€35,173
up €35,173 (+128%), from €27,561 to €62,734
of which Trade receivables: +€35,611
- Cash -€6,080
down €6,080 (-87.5%), from €6,947 to €866
mainly Receivables within one year (-€35,173) and Investment in fixed assets (net) (-€7,082)
- Tangible fixed assets +€3,887
up €3,887 (+67.6%), from €5,746 to €9,633
of which Furniture and vehicles: +€5,174
- Stocks and contracts -€2,000
down €2,000 (-16.7%), from €12,000 to €10,000
- Trade debts +€17,578
up €17,578 (+104%), from €16,878 to €34,456
- Reserves +€8,737
up €8,737 (+92.0%), from €9,496 to €18,234
of which Distributable reserves: +€8,737
- Other debts +€4,081
new in 2025: €4,081
- Gross operating margin +€24,601
up €24,601, from -€5,758 to €18,843
- Financial charges +€6,127
up €6,127 (+742%), from €826 to €6,953
of which Non-recurring financial charges: +€5,655
- Other operating charges -€1,228
down €1,228 (-63.9%), from €1,922 to €695
- Financial income +€426
up €426 (+129%), from €329 to €755
- Depreciation +€252
up €252 (+8.6%), from €2,942 to €3,195
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 | €57,515 | €87,667 | +€30,151 | +52.4% |
| Fixed assets | 21/28 | €7,546 | €11,433 | +€3,887 | +51.5% |
| Tangible fixed assets | 22/27 | €5,746 | €9,633 | +€3,887 | +67.6% |
| Plant, machinery and equipment | 23 | €5,248 | €3,961 | -€1,287 | -24.5% |
| Furniture and vehicles | 24 | €498 | €5,672 | +€5,174 | +1,039% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €49,969 | €76,234 | +€26,265 | +52.6% |
| Stocks and contracts in progress | 3 | €12,000 | €10,000 | -€2,000 | -16.7% |
| Stocks | 30/36 | €12,000 | €10,000 | -€2,000 | -16.7% |
| Amounts receivable within one year | 40/41 | €27,561 | €62,734 | +€35,173 | +128% |
| Trade receivables | 40 | €21,685 | €57,296 | +€35,611 | +164% |
| Other amounts receivable | 41 | €5,876 | €5,438 | -€437 | -7.4% |
| Cash at bank and in hand | 54/58 | €6,947 | €866 | -€6,080 | -87.5% |
| Deferred charges and accrued income | 490/1 | €3,461 | €2,633 | -€828 | -23.9% |
| Total equity and liabilities | 10/49 | €57,515 | €87,667 | +€30,151 | +52.4% |
| Equity | 10/15 | €38,696 | €47,434 | +€8,737 | +22.6% |
| Contributions | 10/11 | €29,200 | €29,200 | = | 0.0% |
| Reserves | 13 | €9,496 | €18,234 | +€8,737 | +92.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €7,496 | €16,234 | +€8,737 | +117% |
| Amounts payable | 17/49 | €18,819 | €40,233 | +€21,414 | +114% |
| Amounts payable within one year | 42/48 | €18,819 | €39,776 | +€20,957 | +111% |
| Trade debts | 44 | €16,878 | €34,456 | +€17,578 | +104% |
| Suppliers | 440/4 | €16,878 | €34,456 | +€17,578 | +104% |
| Taxes, remuneration and social security | 45 | €1,941 | €1,239 | -€703 | -36.2% |
| Taxes | 450/3 | €1,441 | €1,239 | -€203 | -14.1% |
| Remuneration and social security | 454/9 | €500 | - | -€500 | |
| Other amounts payable | 47/48 | - | €4,081 | +€4,081 | |
| Accrued charges and deferred income | 492/3 | - | €457 | +€457 | |
| Remuneration, social security and pensions | 62 | - | €17 | +€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,942 | €3,195 | +€252 | +8.6% |
| Other operating charges | 640/8 | €1,922 | €695 | -€1,228 | -63.9% |
| Gross operating margin | 9900 | -€5,758 | €18,843 | +€24,601 | |
| Operating profit (loss) | 9901 | -€10,623 | €14,936 | +€25,559 | |
| Financial income | 75/76B | €329 | €755 | +€426 | +129% |
| Recurring financial income | 75 | €329 | €755 | +€426 | +129% |
| Financial charges | 65/66B | €826 | €6,953 | +€6,127 | +742% |
| Recurring financial charges | 65 | €826 | €1,298 | +€472 | +57.2% |
| Non-recurring financial charges | 66B | - | €5,655 | +€5,655 | |
| Profit (loss) for the period before taxes | 9903 | -€11,120 | €8,737 | +€19,858 | |
| Profit (loss) for the period | 9904 | -€11,120 | €8,737 | +€19,858 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,120 | €8,737 | +€19,858 |
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 16 October 2026 via checked.be.