RENOTIM: 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.
RENOTIM
Largest movements
- Tangible fixed assets -€73,360
down €73,360 (-5.6%), from €1.3m to €1.2m
of which Land and buildings: -€66,125
- Cash -€48,400
down €48,400 (-48.1%), from €100,539 to €52,139
mainly Net result for the year (-€97,469) and Debts after one year (-€30,000)
- Receivables within one year -€28,788
down €28,788 (-34.2%), from €84,279 to €55,491
of which Other amounts receivable: -€22,047
- Profit (loss) carried forward -€80,109
down €80,109, from €42,983 to -€37,127
- Debts after one year -€30,000
down €30,000 (-16.4%), from €182,500 to €152,500
- Reserves -€17,360
down €17,360 (-1.8%), from €962,513 to €945,153
- Gross operating margin -€124,469
down €124,469, from €113,771 to -€10,698
- Taxes -€5,960
down €5,960 (-94.5%), from €6,306 to €347
- Financial charges -€4,392
down €4,392 (-65.1%), from €6,749 to €2,357
- Depreciation -€3,638
down €3,638 (-4.5%), from €80,343 to €76,705
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 | €1,488,762 | €1,338,153 | -€150,609 | -10.1% |
| Fixed assets | 21/28 | €1,302,420 | €1,229,060 | -€73,360 | -5.6% |
| Tangible fixed assets | 22/27 | €1,302,320 | €1,228,960 | -€73,360 | -5.6% |
| Land and buildings | 22 | €1,272,340 | €1,206,215 | -€66,125 | -5.2% |
| Plant, machinery and equipment | 23 | €4,193 | €3,311 | -€882 | -21.0% |
| Furniture and vehicles | 24 | €23,587 | €17,234 | -€6,353 | -26.9% |
| Other tangible fixed assets | 26 | €2,200 | €2,200 | = | 0.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €186,342 | €109,092 | -€77,250 | -41.5% |
| Amounts receivable within one year | 40/41 | €84,279 | €55,491 | -€28,788 | -34.2% |
| Trade receivables | 40 | €45,471 | €38,730 | -€6,741 | -14.8% |
| Other amounts receivable | 41 | €38,808 | €16,761 | -€22,047 | -56.8% |
| Cash at bank and in hand | 54/58 | €100,539 | €52,139 | -€48,400 | -48.1% |
| Deferred charges and accrued income | 490/1 | €1,524 | €1,463 | -€61 | -4.0% |
| Total equity and liabilities | 10/49 | €1,488,762 | €1,338,153 | -€150,609 | -10.1% |
| Equity | 10/15 | €1,166,704 | €1,069,235 | -€97,469 | -8.4% |
| Contributions | 10/11 | €161,209 | €161,209 | = | 0.0% |
| Reserves | 13 | €962,513 | €945,153 | -€17,360 | -1.8% |
| Distributable reserves | 133 | €962,513 | €945,153 | -€17,360 | -1.8% |
| Profit (loss) carried forward | 14 | €42,983 | -€37,127 | -€80,109 | |
| Amounts payable | 17/49 | €322,057 | €268,917 | -€53,140 | -16.5% |
| Amounts payable after more than one year | 17 | €182,500 | €152,500 | -€30,000 | -16.4% |
| Financial debts | 170/4 | €182,500 | €152,500 | -€30,000 | -16.4% |
| Amounts payable within one year | 42/48 | €115,399 | €93,216 | -€22,183 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €34,469 | €30,000 | -€4,469 | -13.0% |
| Trade debts | 44 | €6,617 | €11,448 | +€4,831 | +73.0% |
| Suppliers | 440/4 | €6,617 | €11,448 | +€4,831 | +73.0% |
| Taxes, remuneration and social security | 45 | €12,377 | €40 | -€12,336 | -99.7% |
| Taxes | 450/3 | €12,377 | €40 | -€12,336 | -99.7% |
| Other amounts payable | 47/48 | €61,937 | €51,728 | -€10,209 | -16.5% |
| Accrued charges and deferred income | 492/3 | €24,158 | €23,201 | -€957 | -4.0% |
| Non-recurring operating income | 76A | - | €665 | +€665 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,343 | €76,705 | -€3,638 | -4.5% |
| Other operating charges | 640/8 | €7,608 | €7,457 | -€151 | -2.0% |
| Gross operating margin | 9900 | €113,771 | -€10,698 | -€124,469 | |
| Operating profit (loss) | 9901 | €25,821 | -€94,860 | -€120,681 | |
| Financial income | 75/76B | €49 | €94 | +€45 | +91.9% |
| Recurring financial income | 75 | €49 | €94 | +€45 | +91.9% |
| Financial charges | 65/66B | €6,749 | €2,357 | -€4,392 | -65.1% |
| Recurring financial charges | 65 | €6,749 | €2,357 | -€4,392 | -65.1% |
| Profit (loss) for the period before taxes | 9903 | €19,121 | -€97,123 | -€116,243 | |
| Income taxes | 67/77 | €6,306 | €347 | -€5,960 | -94.5% |
| Profit (loss) for the period | 9904 | €12,815 | -€97,469 | -€110,284 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,815 | -€97,469 | -€110,284 |
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 5 October 2026 via checked.be.