IT'S RENE: 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.
IT'S RENE
Largest movements
- Cash -€42,468
down €42,468 (-37.2%), from €114,111 to €71,642
mainly Contributions, distributions and other (-€48,000) and Receivables within one year (-€31,306)
- Receivables within one year +€31,306
up €31,306 (+86.8%), from €36,048 to €67,354
of which Other amounts receivable: +€36,438
- Tangible fixed assets -€6,802
down €6,802 (-32.5%), from €20,931 to €14,129
of which Furniture and vehicles: -€4,884
- Reserves -€27,635
down €27,635 (-19.2%), from €143,911 to €116,276
of which Distributable reserves: -€27,635
- Tax, wage and social debts +€9,810
up €9,810 (+118%), from €8,329 to €18,138
of which Taxes: +€9,591
- Gross operating margin -€2,690
down €2,690 (-6.1%), from €44,210 to €41,520
- Financial charges -€1,408
down €1,408 (-72.1%), from €1,952 to €544
- Taxes +€645
up €645 (+6.3%), from €10,278 to €10,923
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 | €171,139 | €153,175 | -€17,964 | -10.5% |
| Fixed assets | 21/28 | €20,981 | €14,179 | -€6,802 | -32.4% |
| Tangible fixed assets | 22/27 | €20,931 | €14,129 | -€6,802 | -32.5% |
| Plant, machinery and equipment | 23 | €1,870 | €1,844 | -€27 | -1.4% |
| Furniture and vehicles | 24 | €11,017 | €6,133 | -€4,884 | -44.3% |
| Other tangible fixed assets | 26 | €8,044 | €6,153 | -€1,892 | -23.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €150,158 | €138,996 | -€11,162 | -7.4% |
| Amounts receivable within one year | 40/41 | €36,048 | €67,354 | +€31,306 | +86.8% |
| Trade receivables | 40 | €36,048 | €30,916 | -€5,132 | -14.2% |
| Other amounts receivable | 41 | €0 | €36,438 | +€36,438 | |
| Cash at bank and in hand | 54/58 | €114,111 | €71,642 | -€42,468 | -37.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €171,139 | €153,175 | -€17,964 | -10.5% |
| Equity | 10/15 | €157,930 | €130,295 | -€27,635 | -17.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €143,911 | €116,276 | -€27,635 | -19.2% |
| Tax-exempt reserves | 132 | €115 | €115 | = | 0.0% |
| Distributable reserves | 133 | €143,797 | €116,162 | -€27,635 | -19.2% |
| Profit (loss) carried forward | 14 | €1,619 | €1,619 | = | 0.0% |
| Amounts payable | 17/49 | €13,209 | €22,880 | +€9,671 | +73.2% |
| Amounts payable within one year | 42/48 | €13,209 | €22,880 | +€9,671 | +73.2% |
| Financial debts | 43 | €75 | €0 | -€75 | -100% |
| Credit institutions | 430/8 | €75 | €0 | -€75 | -100% |
| Trade debts | 44 | €3,341 | €4,742 | +€1,401 | +41.9% |
| Suppliers | 440/4 | €3,341 | €4,742 | +€1,401 | +41.9% |
| Taxes, remuneration and social security | 45 | €8,329 | €18,138 | +€9,810 | +118% |
| Taxes | 450/3 | €5,916 | €15,507 | +€9,591 | +162% |
| Remuneration and social security | 454/9 | €2,413 | €2,632 | +€219 | +9.1% |
| Other amounts payable | 47/48 | €1,464 | €0 | -€1,464 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,317 | €7,898 | -€419 | -5.0% |
| Other operating charges | 640/8 | €1,837 | €1,790 | -€47 | -2.6% |
| Non-recurring operating charges | 66A | €518 | €0 | -€518 | -100% |
| Gross operating margin | 9900 | €44,210 | €41,520 | -€2,690 | -6.1% |
| Operating profit (loss) | 9901 | €33,538 | €31,832 | -€1,706 | -5.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,952 | €544 | -€1,408 | -72.1% |
| Recurring financial charges | 65 | €1,952 | €544 | -€1,408 | -72.1% |
| Profit (loss) for the period before taxes | 9903 | €31,586 | €31,288 | -€298 | -0.9% |
| Income taxes | 67/77 | €10,278 | €10,923 | +€645 | +6.3% |
| Profit (loss) for the period | 9904 | €21,308 | €20,365 | -€944 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,308 | €20,365 | -€944 | -4.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.