RENOTRANSFORME: 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.
RENOTRANSFORME
Largest movements
- Receivables within one year +€53,610
up €53,610 (+40.5%), from €132,521 to €186,130
of which Trade receivables: +€38,719
- Tangible fixed assets -€3,171
down €3,171 (-82.2%), from €3,859 to €689
of which Furniture and vehicles: -€2,685
- Profit (loss) carried forward +€40,631
up €40,631 (+36.3%), from €112,049 to €152,680
- Trade debts +€17,569
up €17,569 (+178%), from €9,867 to €27,436
- Tax, wage and social debts -€7,116
down €7,116 (-76.1%), from €9,352 to €2,237
of which Remuneration and social security: -€3,771
- Gross operating margin +€79,626
up €79,626, from -€33,821 to €45,805
- Write-downs -€2,900
down €2,900, from €1,450 to -€1,450
- Other operating charges -€2,487
down €2,487 (-37.8%), from €6,583 to €4,096
- Depreciation -€1,960
down €1,960 (-38.2%), from €5,130 to €3,171
- Taxes +€768
up €768 (+394%), from €195 to €963
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 | €139,328 | €190,413 | +€51,084 | +36.7% |
| Fixed assets | 21/28 | €5,093 | €689 | -€4,404 | -86.5% |
| Tangible fixed assets | 22/27 | €3,859 | €689 | -€3,171 | -82.2% |
| Plant, machinery and equipment | 23 | €725 | €239 | -€486 | -67.0% |
| Furniture and vehicles | 24 | €3,134 | €450 | -€2,685 | -85.7% |
| Financial fixed assets | 28 | €1,233 | - | -€1,233 | |
| Current assets | 29/58 | €134,236 | €189,724 | +€55,488 | +41.3% |
| Amounts receivable within one year | 40/41 | €132,521 | €186,130 | +€53,610 | +40.5% |
| Trade receivables | 40 | €11,214 | €49,934 | +€38,719 | +345% |
| Other amounts receivable | 41 | €121,306 | €136,197 | +€14,890 | +12.3% |
| Cash at bank and in hand | 54/58 | €496 | €2,395 | +€1,900 | +383% |
| Deferred charges and accrued income | 490/1 | €1,219 | €1,198 | -€21 | -1.7% |
| Total equity and liabilities | 10/49 | €139,328 | €190,413 | +€51,084 | +36.7% |
| Equity | 10/15 | €120,109 | €160,740 | +€40,631 | +33.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,049 | €152,680 | +€40,631 | +36.3% |
| Amounts payable | 17/49 | €19,220 | €29,673 | +€10,453 | +54.4% |
| Amounts payable within one year | 42/48 | €19,220 | €29,673 | +€10,453 | +54.4% |
| Trade debts | 44 | €9,867 | €27,436 | +€17,569 | +178% |
| Suppliers | 440/4 | €9,867 | €27,436 | +€17,569 | +178% |
| Taxes, remuneration and social security | 45 | €9,352 | €2,237 | -€7,116 | -76.1% |
| Taxes | 450/3 | €5,381 | €2,036 | -€3,345 | -62.2% |
| Remuneration and social security | 454/9 | €3,972 | €201 | -€3,771 | -94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,130 | €3,171 | -€1,960 | -38.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,450 | -€1,450 | -€2,900 | |
| Other operating charges | 640/8 | €6,583 | €4,096 | -€2,487 | -37.8% |
| Gross operating margin | 9900 | -€33,821 | €45,805 | +€79,626 | |
| Operating profit (loss) | 9901 | -€46,984 | €39,988 | +€86,973 | |
| Financial income | 75/76B | €1,417 | €1,742 | +€326 | +23.0% |
| Recurring financial income | 75 | €1,417 | €1,742 | +€326 | +23.0% |
| Financial charges | 65/66B | €172 | €137 | -€35 | -20.4% |
| Recurring financial charges | 65 | €172 | €137 | -€35 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€45,740 | €41,594 | +€87,333 | |
| Income taxes | 67/77 | €195 | €963 | +€768 | +394% |
| Profit (loss) for the period | 9904 | -€45,934 | €40,631 | +€86,565 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,934 | €40,631 | +€86,565 |
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 25 October 2026 via checked.be.