Bel Réno: 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.
Bel Réno
Largest movements
- Tangible fixed assets +€26,973
up €26,973 (+658%), from €4,100 to €31,073
of which Furniture and vehicles: +€27,523
- Receivables within one year +€17,121
up €17,121 (+216%), from €7,909 to €25,030
of which Trade receivables: +€24,691
- Cash +€2,827
up €2,827 (+5.9%), from €48,039 to €50,866
mainly Net result for the year (+€28,188) and Other debts (+€18,947)
- Profit (loss) carried forward +€28,188
up €28,188 (+179%), from €15,711 to €43,899
- Other debts +€18,947
up €18,947 (+129%), from €14,640 to €33,587
- Tax, wage and social debts +€2,721
up €2,721 (+62.5%), from €4,351 to €7,072
- Debts after one year -€2,455
no longer reported in 2025 (was €2,455)
- Gross operating margin +€9,638
up €9,638 (+32.9%), from €29,336 to €38,974
- Taxes +€3,285
up €3,285 (+80.1%), from €4,100 to €7,385
- Other operating charges +€758
up €758 (+1,203%), from €63 to €821
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 | €60,048 | €106,969 | +€46,921 | +78.1% |
| Fixed assets | 21/28 | €4,100 | €31,073 | +€26,973 | +658% |
| Tangible fixed assets | 22/27 | €4,100 | €31,073 | +€26,973 | +658% |
| Furniture and vehicles | 24 | €3,000 | €30,523 | +€27,523 | +917% |
| Leasing and similar rights | 25 | €1,100 | €550 | -€550 | -50.0% |
| Current assets | 29/58 | €55,948 | €75,896 | +€19,948 | +35.7% |
| Amounts receivable within one year | 40/41 | €7,909 | €25,030 | +€17,121 | +216% |
| Trade receivables | 40 | €339 | €25,030 | +€24,691 | +7,283% |
| Other amounts receivable | 41 | €7,570 | - | -€7,570 | |
| Cash at bank and in hand | 54/58 | €48,039 | €50,866 | +€2,827 | +5.9% |
| Total equity and liabilities | 10/49 | €60,048 | €106,969 | +€46,921 | +78.1% |
| Equity | 10/15 | €30,711 | €58,899 | +€28,188 | +91.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Contributions outside capital | 11 | €15,000 | - | -€15,000 | |
| Share premium | 1100/10 | €15,000 | - | -€15,000 | |
| Profit (loss) carried forward | 14 | €15,711 | €43,899 | +€28,188 | +179% |
| Amounts payable | 17/49 | €29,337 | €48,070 | +€18,733 | +63.9% |
| Amounts payable after more than one year | 17 | €2,455 | - | -€2,455 | |
| Financial debts | 170/4 | €2,455 | - | -€2,455 | |
| Amounts payable within one year | 42/48 | €26,882 | €48,070 | +€21,188 | +78.8% |
| Current portion of amounts payable after more than one year | 42 | €2,784 | €2,721 | -€63 | -2.3% |
| Trade debts | 44 | €5,107 | €4,690 | -€417 | -8.2% |
| Suppliers | 440/4 | €5,107 | €4,690 | -€417 | -8.2% |
| Taxes, remuneration and social security | 45 | €4,351 | €7,072 | +€2,721 | +62.5% |
| Taxes | 450/3 | €4,351 | €7,072 | +€2,721 | +62.5% |
| Other amounts payable | 47/48 | €14,640 | €33,587 | +€18,947 | +129% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,050 | €2,050 | = | 0.0% |
| Other operating charges | 640/8 | €63 | €821 | +€758 | +1,203% |
| Gross operating margin | 9900 | €29,336 | €38,974 | +€9,638 | +32.9% |
| Operating profit (loss) | 9901 | €27,223 | €36,103 | +€8,880 | +32.6% |
| Financial income | 75/76B | - | €37 | +€37 | |
| Recurring financial income | 75 | - | €37 | +€37 | |
| Non-recurring financial income | 76B | - | €37 | +€37 | |
| Financial charges | 65/66B | €483 | €567 | +€84 | +17.4% |
| Recurring financial charges | 65 | €483 | €567 | +€84 | +17.4% |
| Non-recurring financial charges | 66B | €483 | €567 | +€84 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €26,740 | €35,573 | +€8,833 | +33.0% |
| Income taxes | 67/77 | €4,100 | €7,385 | +€3,285 | +80.1% |
| Profit (loss) for the period | 9904 | €22,640 | €28,188 | +€5,548 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,640 | €28,188 | +€5,548 | +24.5% |
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 18 October 2026 via checked.be.