RENOTECT: 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.
RENOTECT
Largest movements
- Cash -€43,100
down €43,100 (-98.8%), from €43,627 to €527
mainly Trade debts (-€59,911) and Receivables within one year (-€37,056)
- Receivables within one year +€37,056
up €37,056 (+57.3%), from €64,614 to €101,671
of which Other amounts receivable: +€30,824
- Tangible fixed assets -€13,788
down €13,788 (-2.3%), from €599,477 to €585,689
of which Land and buildings: -€13,500
- Deferred charges and accrued income +€12,315
up €12,315 (+787.5%), from €1,564 to €13,879
- Trade debts -€59,911
down €59,911 (-76.7%), from €78,066 to €18,155
- Profit (loss) carried forward +€58,878
up €58,878 (+39.9%), from -€147,468 to -€88,591
- Gross operating margin -€411,502
down €411,502 (-83.2%), from €494,564 to €83,062
- Depreciation -€65,717
down €65,717 (-82.1%), from €79,997 to €14,280
- Financial charges -€17,462
down €17,462 (-53.2%), from €32,836 to €15,374
of which Financial charges: -€17,615
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 | €711,297 | €703,000 | -€8,297 | -1.2% |
| Fixed assets | 21/28 | €601,492 | €586,924 | -€14,568 | -2.4% |
| Intangible fixed assets | 21 | €2,015 | €1,235 | -€780 | -38.7% |
| Tangible fixed assets | 22/27 | €599,477 | €585,689 | -€13,788 | -2.3% |
| Land and buildings | 22 | €599,189 | €585,689 | -€13,500 | -2.3% |
| Plant, machinery and equipment | 23 | €288 | - | -€288 | |
| Current assets | 29/58 | €109,805 | €116,077 | +€6,272 | +5.7% |
| Amounts receivable within one year | 40/41 | €64,614 | €101,671 | +€37,056 | +57.3% |
| Trade receivables | 40 | €10,235 | €16,468 | +€6,233 | +60.9% |
| Other amounts receivable | 41 | €54,379 | €85,203 | +€30,824 | +56.7% |
| Cash at bank and in hand | 54/58 | €43,627 | €527 | -€43,100 | -98.8% |
| Deferred charges and accrued income | 490/1 | €1,564 | €13,879 | +€12,315 | +787.5% |
| Total equity and liabilities | 10/49 | €711,297 | €703,000 | -€8,297 | -1.2% |
| Equity | 10/15 | €225,609 | €279,483 | +€53,873 | +23.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €360,678 | €355,673 | -€5,004 | -1.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €348,273 | €343,269 | -€5,004 | -1.4% |
| Distributable reserves | 133 | €10,545 | €10,545 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,468 | -€88,591 | +€58,878 | +39.9% |
| Provisions and deferred taxes | 16 | €116,091 | €114,423 | -€1,668 | -1.4% |
| Deferred taxes | 168 | €116,091 | €114,423 | -€1,668 | -1.4% |
| Amounts payable | 17/49 | €369,597 | €309,095 | -€60,502 | -16.4% |
| Amounts payable after more than one year | 17 | €240,382 | €235,417 | -€4,965 | -2.1% |
| Financial debts | 170/4 | €240,382 | €235,417 | -€4,965 | -2.1% |
| Amounts payable within one year | 42/48 | €129,215 | €71,309 | -€57,907 | -44.8% |
| Current portion of amounts payable after more than one year | 42 | €4,618 | €5,758 | +€1,140 | +24.7% |
| Financial debts | 43 | - | €28 | +€28 | |
| Credit institutions | 430/8 | - | €28 | +€28 | |
| Trade debts | 44 | €78,066 | €18,155 | -€59,911 | -76.7% |
| Suppliers | 440/4 | €78,066 | €18,155 | -€59,911 | -76.7% |
| Taxes, remuneration and social security | 45 | €46,531 | €47,368 | +€837 | +1.8% |
| Taxes | 450/3 | €46,531 | €47,368 | +€837 | +1.8% |
| Accrued charges and deferred income | 492/3 | - | €2,369 | +€2,369 | |
| Non-recurring operating income | 76A | - | €13,774 | +€13,774 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,997 | €14,280 | -€65,717 | -82.1% |
| Other operating charges | 640/8 | €1,774 | €4,097 | +€2,324 | +131.0% |
| Non-recurring operating charges | 66A | - | €288 | +€288 | |
| Gross operating margin | 9900 | €494,564 | €83,062 | -€411,502 | -83.2% |
| Operating profit (loss) | 9901 | €412,793 | €64,396 | -€348,397 | -84.4% |
| Financial income | 75/76B | €6,096 | €3,183 | -€2,913 | -47.8% |
| Recurring financial income | 75 | €6,096 | €3,183 | -€2,913 | -47.8% |
| Financial charges | 65/66B | €32,836 | €15,374 | -€17,462 | -53.2% |
| Recurring financial charges | 65 | €32,836 | €15,220 | -€17,615 | -53.6% |
| Non-recurring financial charges | 66B | - | €153 | +€153 | |
| Profit (loss) for the period before taxes | 9903 | €386,053 | €52,205 | -€333,848 | -86.5% |
| Transfer from deferred taxes | 780 | €7,284 | €1,668 | -€5,615 | -77.1% |
| Transfer to deferred taxes | 680 | €123,374 | - | -€123,374 | |
| Profit (loss) for the period | 9904 | €269,962 | €53,873 | -€216,089 | -80.0% |
| Transfer from tax-exempt reserves | 789 | €21,851 | €5,004 | -€16,846 | -77.1% |
| Transfer to tax-exempt reserves | 689 | €370,123 | - | -€370,123 | |
| Profit (loss) for the period to be appropriated | 9905 | -€78,311 | €58,878 | +€137,188 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.