A.J.-RENCO: 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.
A.J.-RENCO
Largest movements
- Cash -€5,356
down €5,356 (-93.0%), from €5,758 to €402
mainly Net result for the year (-€4,698) and Other debts (-€3,740)
- Receivables within one year -€3,583
down €3,583 (-12.5%), from €28,771 to €25,189
of which Trade receivables: -€1,855
- Reserves -€4,698
down €4,698 (-32.9%), from €14,293 to €9,595
of which Distributable reserves: -€4,698
- Other debts -€3,740
down €3,740 (-39.1%), from €9,554 to €5,815
- Accrued charges and deferred income +€1,805
new in 2025: €1,805
- Trade debts -€1,402
down €1,402 (-39.2%), from €3,578 to €2,176
- Tax, wage and social debts -€904
no longer reported in 2025 (was €904)
- Gross operating margin -€8,552
down €8,552, from €4,291 to -€4,261
- Taxes -€353
down €353 (-95.3%), from €371 to €17
- Financial income +€134
new in 2025: €134
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 | €34,530 | €25,591 | -€8,939 | -25.9% |
| Current assets | 29/58 | €34,530 | €25,591 | -€8,939 | -25.9% |
| Amounts receivable within one year | 40/41 | €28,771 | €25,189 | -€3,583 | -12.5% |
| Trade receivables | 40 | €13,916 | €12,061 | -€1,855 | -13.3% |
| Other amounts receivable | 41 | €14,855 | €13,128 | -€1,728 | -11.6% |
| Cash at bank and in hand | 54/58 | €5,758 | €402 | -€5,356 | -93.0% |
| Total equity and liabilities | 10/49 | €34,530 | €25,591 | -€8,939 | -25.9% |
| Equity | 10/15 | €20,493 | €15,795 | -€4,698 | -22.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,293 | €9,595 | -€4,698 | -32.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,433 | €7,735 | -€4,698 | -37.8% |
| Amounts payable | 17/49 | €14,036 | €9,796 | -€4,240 | -30.2% |
| Amounts payable within one year | 42/48 | €14,036 | €7,991 | -€6,045 | -43.1% |
| Trade debts | 44 | €3,578 | €2,176 | -€1,402 | -39.2% |
| Suppliers | 440/4 | €3,578 | €2,176 | -€1,402 | -39.2% |
| Taxes, remuneration and social security | 45 | €904 | - | -€904 | |
| Taxes | 450/3 | €904 | - | -€904 | |
| Other amounts payable | 47/48 | €9,554 | €5,815 | -€3,740 | -39.1% |
| Accrued charges and deferred income | 492/3 | - | €1,805 | +€1,805 | |
| Non-recurring operating income | 76A | €105 | - | -€105 | |
| Other operating charges | 640/8 | €502 | €507 | +€5 | +1.0% |
| Non-recurring operating charges | 66A | €2,733 | - | -€2,733 | |
| Gross operating margin | 9900 | €4,291 | -€4,261 | -€8,552 | |
| Operating profit (loss) | 9901 | €1,055 | -€4,768 | -€5,823 | |
| Financial income | 75/76B | - | €134 | +€134 | |
| Recurring financial income | 75 | - | €134 | +€134 | |
| Financial charges | 65/66B | €87 | €47 | -€41 | -46.4% |
| Recurring financial charges | 65 | €87 | €47 | -€41 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €968 | -€4,681 | -€5,649 | |
| Income taxes | 67/77 | €371 | €17 | -€353 | -95.3% |
| Profit (loss) for the period | 9904 | €597 | -€4,698 | -€5,296 | |
| Profit (loss) for the period to be appropriated | 9905 | €597 | -€4,698 | -€5,296 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.