F M Reno: 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.
F M Reno
Largest movements
- Cash +€90,427
up €90,427 (+28.9%), from €312,771 to €403,198
mainly Debts after one year (+€170,000) and Net result for the year (+€144,818)
- Tangible fixed assets +€21,883
up €21,883 (+193%), from €11,366 to €33,249
of which Furniture and vehicles: +€23,150
- Receivables within one year -€6,069
down €6,069 (-7.7%), from €78,597 to €72,528
of which Trade receivables: -€6,328
- Profit (loss) carried forward -€204,406
down €204,406 (-100%), from €204,406 to €0
- Debts after one year +€170,000
new in 2025: €170,000
- Reserves +€144,818
up €144,818 (+80.2%), from €180,493 to €325,312
- Tax, wage and social debts +€7,209
up €7,209 (+66.1%), from €10,905 to €18,114
- Gross operating margin -€49,306
down €49,306 (-18.6%), from €264,980 to €215,674
- Taxes -€16,536
down €16,536 (-20.8%), from €79,444 to €62,908
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 | €410,955 | €525,153 | +€114,199 | +27.8% |
| Fixed assets | 21/28 | €18,336 | €44,124 | +€25,788 | +141% |
| Tangible fixed assets | 22/27 | €11,366 | €33,249 | +€21,883 | +193% |
| Plant, machinery and equipment | 23 | €5,081 | €3,814 | -€1,267 | -24.9% |
| Furniture and vehicles | 24 | €6,285 | €29,435 | +€23,150 | +368% |
| Financial fixed assets | 28 | €6,970 | €10,875 | +€3,905 | +56.0% |
| Current assets | 29/58 | €392,619 | €481,030 | +€88,411 | +22.5% |
| Stocks and contracts in progress | 3 | - | €3,533 | +€3,533 | |
| Stocks | 30/36 | - | €3,040 | +€3,040 | |
| Contracts in progress | 37 | - | €493 | +€493 | |
| Amounts receivable within one year | 40/41 | €78,597 | €72,528 | -€6,069 | -7.7% |
| Trade receivables | 40 | €71,572 | €65,244 | -€6,328 | -8.8% |
| Other amounts receivable | 41 | €7,025 | €7,284 | +€259 | +3.7% |
| Cash at bank and in hand | 54/58 | €312,771 | €403,198 | +€90,427 | +28.9% |
| Deferred charges and accrued income | 490/1 | €1,250 | €1,771 | +€521 | +41.6% |
| Total equity and liabilities | 10/49 | €410,955 | €525,153 | +€114,199 | +27.8% |
| Equity | 10/15 | €394,900 | €335,312 | -€59,588 | -15.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €180,493 | €325,312 | +€144,818 | +80.2% |
| Distributable reserves | 133 | €180,493 | €325,312 | +€144,818 | +80.2% |
| Profit (loss) carried forward | 14 | €204,406 | €0 | -€204,406 | -100% |
| Amounts payable | 17/49 | €16,055 | €189,841 | +€173,786 | +1,082% |
| Amounts payable after more than one year | 17 | - | €170,000 | +€170,000 | |
| Other amounts payable | 178/9 | - | €170,000 | +€170,000 | |
| Amounts payable within one year | 42/48 | €16,055 | €19,841 | +€3,786 | +23.6% |
| Trade debts | 44 | €5,150 | €1,727 | -€3,422 | -66.5% |
| Suppliers | 440/4 | €5,150 | €1,727 | -€3,422 | -66.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €10,905 | €18,114 | +€7,209 | +66.1% |
| Taxes | 450/3 | €10,905 | €18,114 | +€7,209 | +66.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,765 | €6,696 | +€930 | +16.1% |
| Other operating charges | 640/8 | €384 | €1,087 | +€703 | +183% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €264,980 | €215,674 | -€49,306 | -18.6% |
| Operating profit (loss) | 9901 | €258,831 | €207,891 | -€50,940 | -19.7% |
| Financial income | 75/76B | €1,550 | €377 | -€1,172 | -75.6% |
| Recurring financial income | 75 | €1,550 | €377 | -€1,172 | -75.6% |
| Financial charges | 65/66B | €443 | €542 | +€99 | +22.3% |
| Recurring financial charges | 65 | €443 | €542 | +€99 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €259,937 | €207,727 | -€52,211 | -20.1% |
| Income taxes | 67/77 | €79,444 | €62,908 | -€16,536 | -20.8% |
| Profit (loss) for the period | 9904 | €180,493 | €144,818 | -€35,675 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €180,493 | €144,818 | -€35,675 | -19.8% |
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 27 October 2026 via checked.be.