RENOX PROJECTS: 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.
RENOX PROJECTS
Largest movements
- Stocks and contracts -€621,326
down €621,326 (-100.0%), from €621,326 to €0
- Cash +€154,017
up €154,017 (+88.0%), from €175,042 to €329,059
mainly Stocks and contracts (+€621,326) and Net result for the year (+€176,762)
- Receivables within one year -€100,802
down €100,802 (-17.0%), from €591,667 to €490,865
of which Trade receivables: -€100,680
- Deferred charges and accrued income -€21,735
down €21,735 (-80.5%), from €26,999 to €5,265
- Reserves -€501,748
down €501,748 (-65.2%), from €769,759 to €268,011
of which Distributable reserves: -€501,748
- Debts after one year -€260,000
down €260,000 (-100.0%), from €260,000 to €0
- Profit (loss) carried forward +€176,762
new in 2025: €176,762
- Gross operating margin +€53,493
up €53,493 (+12.6%), from €424,476 to €477,968
- Staff costs +€28,045
up €28,045 (+14.5%), from €193,285 to €221,330
- Financial charges -€26,246
down €26,246 (-77.9%), from €33,699 to €7,453
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 | €1,450,648 | €854,902 | -€595,746 | -41.1% |
| Fixed assets | 21/28 | €25,613 | €29,713 | +€4,100 | +16.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €24,533 | €28,633 | +€4,100 | +16.7% |
| Plant, machinery and equipment | 23 | €3,308 | €4,743 | +€1,435 | +43.4% |
| Furniture and vehicles | 24 | €0 | €6,460 | +€6,460 | |
| Other tangible fixed assets | 26 | €21,226 | €17,430 | -€3,795 | -17.9% |
| Financial fixed assets | 28 | €1,080 | €1,080 | = | 0.0% |
| Current assets | 29/58 | €1,425,035 | €825,189 | -€599,846 | -42.1% |
| Stocks and contracts in progress | 3 | €621,326 | €0 | -€621,326 | -100.0% |
| Stocks | 30/36 | €621,326 | €0 | -€621,326 | -100.0% |
| Amounts receivable within one year | 40/41 | €591,667 | €490,865 | -€100,802 | -17.0% |
| Trade receivables | 40 | €591,545 | €490,865 | -€100,680 | -17.0% |
| Other amounts receivable | 41 | €122 | €0 | -€122 | -100.0% |
| Current investments | 50/53 | €10,000 | €0 | -€10,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €175,042 | €329,059 | +€154,017 | +88.0% |
| Deferred charges and accrued income | 490/1 | €26,999 | €5,265 | -€21,735 | -80.5% |
| Total equity and liabilities | 10/49 | €1,450,648 | €854,902 | -€595,746 | -41.1% |
| Equity | 10/15 | €788,359 | €463,373 | -€324,986 | -41.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €769,759 | €268,011 | -€501,748 | -65.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €769,759 | €268,011 | -€501,748 | -65.2% |
| Profit (loss) carried forward | 14 | - | €176,762 | +€176,762 | |
| Amounts payable | 17/49 | €662,289 | €391,529 | -€270,760 | -40.9% |
| Amounts payable after more than one year | 17 | €260,000 | €0 | -€260,000 | -100.0% |
| Financial debts | 170/4 | €260,000 | €0 | -€260,000 | -100.0% |
| Amounts payable within one year | 42/48 | €402,289 | €391,529 | -€10,760 | -2.7% |
| Financial debts | 43 | €78 | €0 | -€78 | -100.0% |
| Credit institutions | 430/8 | €78 | €0 | -€78 | -100.0% |
| Trade debts | 44 | €313,135 | €310,583 | -€2,552 | -0.8% |
| Suppliers | 440/4 | €313,135 | €310,583 | -€2,552 | -0.8% |
| Taxes, remuneration and social security | 45 | €89,076 | €80,946 | -€8,130 | -9.1% |
| Taxes | 450/3 | €56,721 | €42,739 | -€13,982 | -24.7% |
| Remuneration and social security | 454/9 | €32,355 | €38,207 | +€5,852 | +18.1% |
| Remuneration, social security and pensions | 62 | €193,285 | €221,330 | +€28,045 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,256 | €7,911 | -€2,344 | -22.9% |
| Other operating charges | 640/8 | €2,220 | €3,155 | +€936 | +42.1% |
| Gross operating margin | 9900 | €424,476 | €477,968 | +€53,493 | +12.6% |
| Operating profit (loss) | 9901 | €218,715 | €245,572 | +€26,856 | +12.3% |
| Financial income | 75/76B | €3,862 | €2,095 | -€1,767 | -45.8% |
| Recurring financial income | 75 | €3,862 | €2,095 | -€1,767 | -45.8% |
| Financial charges | 65/66B | €33,699 | €7,453 | -€26,246 | -77.9% |
| Recurring financial charges | 65 | €33,699 | €7,453 | -€26,246 | -77.9% |
| Profit (loss) for the period before taxes | 9903 | €188,879 | €240,213 | +€51,335 | +27.2% |
| Income taxes | 67/77 | €62,970 | €63,451 | +€481 | +0.8% |
| Profit (loss) for the period | 9904 | €125,909 | €176,762 | +€50,853 | +40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €125,909 | €176,762 | +€50,853 | +40.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.