OJ 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.
OJ RENO
Largest movements
- Tangible fixed assets -€94,465
down €94,465 (-50.2%), from €188,102 to €93,637
- Receivables within one year -€67,620
down €67,620 (-46.4%), from €145,722 to €78,102
of which Trade receivables: -€61,136
- Current investments +€9,538
up €9,538 (+29.8%), from €32,043 to €41,581
- Accrued charges and deferred income -€45,128
down €45,128 (-77.4%), from €58,308 to €13,179
- Debts after one year -€35,452
down €35,452 (-82.5%), from €42,952 to €7,500
of which Financial debts: -€35,452
- Other debts -€31,441
down €31,441 (-48.5%), from €64,841 to €33,399
- Tax, wage and social debts -€24,718
down €24,718 (-29.9%), from €82,674 to €57,956
of which Taxes: -€25,615
- Trade debts -€12,906
no longer reported in 2025 (was €12,906)
- Gross operating margin +€90,740
up €90,740 (+67.2%), from €135,093 to €225,832
- Depreciation +€57,241
up €57,241 (+143%), from €40,000 to €97,241
- Staff costs +€23,522
up €23,522 (+33.6%), from €69,950 to €93,472
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 | €372,630 | €218,585 | -€154,045 | -41.3% |
| Fixed assets | 21/28 | €190,363 | €98,898 | -€91,465 | -48.0% |
| Tangible fixed assets | 22/27 | €188,102 | €93,637 | -€94,465 | -50.2% |
| Plant, machinery and equipment | 23 | €101,708 | €62,553 | -€39,155 | -38.5% |
| Furniture and vehicles | 24 | €28,882 | €10,404 | -€18,478 | -64.0% |
| Other tangible fixed assets | 26 | €57,511 | €20,679 | -€36,832 | -64.0% |
| Financial fixed assets | 28 | €2,261 | €5,261 | +€3,000 | +133% |
| Current assets | 29/58 | €182,267 | €119,688 | -€62,579 | -34.3% |
| Amounts receivable within one year | 40/41 | €145,722 | €78,102 | -€67,620 | -46.4% |
| Trade receivables | 40 | €99,650 | €38,514 | -€61,136 | -61.4% |
| Other amounts receivable | 41 | €46,072 | €39,588 | -€6,484 | -14.1% |
| Current investments | 50/53 | €32,043 | €41,581 | +€9,538 | +29.8% |
| Cash at bank and in hand | 54/58 | €3,286 | €4 | -€3,282 | -99.9% |
| Deferred charges and accrued income | 490/1 | €1,216 | - | -€1,216 | |
| Total equity and liabilities | 10/49 | €372,630 | €218,585 | -€154,045 | -41.3% |
| Equity | 10/15 | €95,693 | €88,788 | -€6,905 | -7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €77,093 | €77,093 | = | 0.0% |
| Distributable reserves | 133 | €77,093 | €77,093 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,905 | -€6,905 | |
| Amounts payable | 17/49 | €276,937 | €129,797 | -€147,140 | -53.1% |
| Amounts payable after more than one year | 17 | €42,952 | €7,500 | -€35,452 | -82.5% |
| Financial debts | 170/4 | €35,452 | - | -€35,452 | |
| Other amounts payable | 178/9 | €7,500 | €7,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €175,678 | €109,118 | -€66,559 | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €15,257 | €17,093 | +€1,836 | +12.0% |
| Financial debts | 43 | - | €670 | +€670 | |
| Credit institutions | 430/8 | - | €670 | +€670 | |
| Trade debts | 44 | €12,906 | - | -€12,906 | |
| Suppliers | 440/4 | €12,906 | - | -€12,906 | |
| Taxes, remuneration and social security | 45 | €82,674 | €57,956 | -€24,718 | -29.9% |
| Taxes | 450/3 | €73,153 | €47,538 | -€25,615 | -35.0% |
| Remuneration and social security | 454/9 | €9,521 | €10,418 | +€897 | +9.4% |
| Other amounts payable | 47/48 | €64,841 | €33,399 | -€31,441 | -48.5% |
| Accrued charges and deferred income | 492/3 | €58,308 | €13,179 | -€45,128 | -77.4% |
| Non-recurring operating income | 76A | - | €46,483 | +€46,483 | |
| Remuneration, social security and pensions | 62 | €69,950 | €93,472 | +€23,522 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,000 | €97,241 | +€57,241 | +143% |
| Other operating charges | 640/8 | €2,763 | €1,995 | -€768 | -27.8% |
| Non-recurring operating charges | 66A | - | €36,536 | +€36,536 | |
| Gross operating margin | 9900 | €135,093 | €225,832 | +€90,740 | +67.2% |
| Operating profit (loss) | 9901 | €22,379 | -€3,412 | -€25,791 | |
| Financial charges | 65/66B | €5,907 | €3,869 | -€2,039 | -34.5% |
| Recurring financial charges | 65 | €5,907 | €3,869 | -€2,039 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €16,472 | -€7,280 | -€23,752 | |
| Income taxes | 67/77 | - | -€376 | -€376 | |
| Profit (loss) for the period | 9904 | €16,472 | -€6,905 | -€23,377 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,472 | -€6,905 | -€23,377 |
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.