9RENOZEN: 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.
9RENOZEN
Largest movements
- Tangible fixed assets -€14,353
down €14,353 (-29.7%), from €48,320 to €33,967
- Receivables within one year +€8,414
up €8,414 (+54.0%), from €15,572 to €23,986
of which Trade receivables: +€6,899
- Cash -€1,770
no longer reported in 2025 (was €1,770)
mainly Trade debts (-€11,183) and Receivables within one year (-€8,414)
- Trade debts -€11,183
down €11,183 (-88.7%), from €12,608 to €1,425
- Short-term financial debts +€7,268
new in 2025: €7,268
- Tax, wage and social debts -€4,772
down €4,772 (-58.5%), from €8,152 to €3,380
of which Taxes: -€4,232
- Debts after one year +€1,453
up €1,453 (+8.6%), from €16,919 to €18,372
- Turnover -€198,110
no longer reported in 2025 (was €198,110)
- Purchases and services -€164,493
no longer reported in 2025 (was €164,493)
- Gross operating margin -€11,129
down €11,129 (-33.1%), from €33,617 to €22,488
- Depreciation +€10,908
up €10,908 (+317%), from €3,445 to €14,353
- Taxes -€4,844
down €4,844 (-63.6%), from €7,612 to €2,768
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 | €66,198 | €58,912 | -€7,287 | -11.0% |
| Fixed assets | 21/28 | €48,320 | €33,967 | -€14,353 | -29.7% |
| Tangible fixed assets | 22/27 | €48,320 | €33,967 | -€14,353 | -29.7% |
| Furniture and vehicles | 24 | €48,320 | €33,967 | -€14,353 | -29.7% |
| Current assets | 29/58 | €17,878 | €24,945 | +€7,066 | +39.5% |
| Amounts receivable within one year | 40/41 | €15,572 | €23,986 | +€8,414 | +54.0% |
| Trade receivables | 40 | €2,208 | €9,107 | +€6,899 | +313% |
| Other amounts receivable | 41 | €13,364 | €14,879 | +€1,515 | +11.3% |
| Cash at bank and in hand | 54/58 | €1,770 | - | -€1,770 | |
| Deferred charges and accrued income | 490/1 | €537 | €959 | +€422 | +78.7% |
| Total equity and liabilities | 10/49 | €66,198 | €58,912 | -€7,287 | -11.0% |
| Equity | 10/15 | €23,674 | €23,723 | +€49 | +0.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,674 | €18,723 | +€49 | +0.3% |
| Amounts payable | 17/49 | €42,524 | €35,188 | -€7,336 | -17.3% |
| Amounts payable after more than one year | 17 | €16,919 | €18,372 | +€1,453 | +8.6% |
| Financial debts | 170/4 | €16,919 | €18,372 | +€1,453 | +8.6% |
| Amounts payable within one year | 42/48 | €25,605 | €16,816 | -€8,788 | -34.3% |
| Current portion of amounts payable after more than one year | 42 | €4,845 | €4,745 | -€100 | -2.1% |
| Financial debts | 43 | - | €7,268 | +€7,268 | |
| Credit institutions | 430/8 | - | €7,268 | +€7,268 | |
| Trade debts | 44 | €12,608 | €1,425 | -€11,183 | -88.7% |
| Suppliers | 440/4 | €12,608 | €1,425 | -€11,183 | -88.7% |
| Taxes, remuneration and social security | 45 | €8,152 | €3,380 | -€4,772 | -58.5% |
| Taxes | 450/3 | €7,612 | €3,380 | -€4,232 | -55.6% |
| Remuneration and social security | 454/9 | €540 | - | -€540 | |
| Turnover | 70 | €198,110 | - | -€198,110 | |
| Goods, raw materials, services and sundry goods | 60/61 | €164,493 | - | -€164,493 | |
| Remuneration, social security and pensions | 62 | €2,437 | €3,973 | +€1,537 | +63.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,445 | €14,353 | +€10,908 | +317% |
| Other operating charges | 640/8 | €1,355 | €1,541 | +€186 | +13.7% |
| Gross operating margin | 9900 | €33,617 | €22,488 | -€11,129 | -33.1% |
| Operating profit (loss) | 9901 | €26,380 | €2,621 | -€23,759 | -90.1% |
| Financial income | 75/76B | - | €433 | +€433 | |
| Recurring financial income | 75 | - | €433 | +€433 | |
| Financial charges | 65/66B | €94 | €237 | +€143 | +152% |
| Recurring financial charges | 65 | €94 | €237 | +€143 | +152% |
| Profit (loss) for the period before taxes | 9903 | €26,286 | €2,817 | -€23,469 | -89.3% |
| Income taxes | 67/77 | €7,612 | €2,768 | -€4,844 | -63.6% |
| Profit (loss) for the period | 9904 | €18,674 | €49 | -€18,626 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,674 | €49 | -€18,626 | -99.7% |
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 28 October 2026 via checked.be.