KM-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.
KM-RENO
Largest movements
- Receivables within one year +€23,237
up €23,237 (+91.4%), from €25,433 to €48,670
of which Trade receivables: +€16,977
- Tangible fixed assets -€11,603
down €11,603 (-54.7%), from €21,209 to €9,606
of which Furniture and vehicles: -€11,049
- Cash +€8,787
up €8,787 (+9.2%), from €95,917 to €104,705
mainly Other debts (+€79,487) and Net result for the year (+€40,915)
- Other debts +€79,487
up €79,487 (+10,481%), from €758 to €80,246
- Reserves -€79,085
down €79,085 (-70.7%), from €111,833 to €32,747
- Advances received +€21,800
new in 2025: €21,800
- Debts after one year +€10,657
up €10,657 (+319%), from €3,343 to €14,000
of which Other amounts payable: +€14,000
- Trade debts -€7,602
down €7,602 (-35.9%), from €21,194 to €13,592
- Gross operating margin -€12,278
down €12,278 (-14.8%), from €82,987 to €70,708
- Depreciation -€6,960
down €6,960 (-34.3%), from €20,313 to €13,353
- Taxes -€2,054
down €2,054 (-12.9%), from €15,882 to €13,828
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 | €151,299 | €172,846 | +€21,546 | +14.2% |
| Fixed assets | 21/28 | €21,209 | €9,606 | -€11,603 | -54.7% |
| Tangible fixed assets | 22/27 | €21,209 | €9,606 | -€11,603 | -54.7% |
| Plant, machinery and equipment | 23 | €6,986 | €6,574 | -€412 | -5.9% |
| Furniture and vehicles | 24 | €14,081 | €3,032 | -€11,049 | -78.5% |
| Other tangible fixed assets | 26 | €143 | €0 | -€143 | -100% |
| Current assets | 29/58 | €130,090 | €163,240 | +€33,149 | +25.5% |
| Stocks and contracts in progress | 3 | €8,740 | €9,865 | +€1,126 | +12.9% |
| Contracts in progress | 37 | €8,740 | €9,865 | +€1,126 | +12.9% |
| Amounts receivable within one year | 40/41 | €25,433 | €48,670 | +€23,237 | +91.4% |
| Trade receivables | 40 | €24,756 | €41,732 | +€16,977 | +68.6% |
| Other amounts receivable | 41 | €677 | €6,937 | +€6,260 | +924% |
| Cash at bank and in hand | 54/58 | €95,917 | €104,705 | +€8,787 | +9.2% |
| Total equity and liabilities | 10/49 | €151,299 | €172,846 | +€21,546 | +14.2% |
| Equity | 10/15 | €116,833 | €37,747 | -€79,085 | -67.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €111,833 | €32,747 | -€79,085 | -70.7% |
| Distributable reserves | 133 | €111,833 | €32,747 | -€79,085 | -70.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,467 | €135,098 | +€100,631 | +292% |
| Amounts payable after more than one year | 17 | €3,343 | €14,000 | +€10,657 | +319% |
| Financial debts | 170/4 | €3,343 | €0 | -€3,343 | -100% |
| Other amounts payable | 178/9 | - | €14,000 | +€14,000 | |
| Amounts payable within one year | 42/48 | €31,124 | €121,098 | +€89,975 | +289% |
| Current portion of amounts payable after more than one year | 42 | €7,945 | €3,343 | -€4,602 | -57.9% |
| Trade debts | 44 | €21,194 | €13,592 | -€7,602 | -35.9% |
| Suppliers | 440/4 | €21,194 | €13,592 | -€7,602 | -35.9% |
| Advances received on contracts in progress | 46 | - | €21,800 | +€21,800 | |
| Taxes, remuneration and social security | 45 | €1,227 | €2,117 | +€891 | +72.6% |
| Taxes | 450/3 | €1,227 | €2,117 | +€891 | +72.6% |
| Other amounts payable | 47/48 | €758 | €80,246 | +€79,487 | +10,481% |
| Remuneration, social security and pensions | 62 | -€192 | €0 | +€192 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,313 | €13,353 | -€6,960 | -34.3% |
| Other operating charges | 640/8 | €877 | €1,341 | +€464 | +52.9% |
| Gross operating margin | 9900 | €82,987 | €70,708 | -€12,278 | -14.8% |
| Operating profit (loss) | 9901 | €61,989 | €56,014 | -€5,975 | -9.6% |
| Financial charges | 65/66B | €780 | €1,271 | +€491 | +62.9% |
| Recurring financial charges | 65 | €780 | €1,271 | +€491 | +62.9% |
| Profit (loss) for the period before taxes | 9903 | €61,208 | €54,742 | -€6,466 | -10.6% |
| Income taxes | 67/77 | €15,882 | €13,828 | -€2,054 | -12.9% |
| Profit (loss) for the period | 9904 | €45,326 | €40,915 | -€4,412 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,326 | €40,915 | -€4,412 | -9.7% |
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 19 October 2026 via checked.be.