REAL 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.
REAL RENO
Largest movements
- Receivables within one year +€10,125
up €10,125 (+20.6%), from €49,081 to €59,206
of which Other amounts receivable: +€26,874
- Tangible fixed assets -€3,438
down €3,438 (-33.4%), from €10,306 to €6,867
- Cash -€1,872
no longer reported in 2025 (was €1,872)
mainly Receivables within one year (-€10,125) and Trade debts (-€4,682)
- Tax, wage and social debts +€8,730
up €8,730 (+206%), from €4,242 to €12,972
- Trade debts -€4,682
down €4,682 (-38.5%), from €12,171 to €7,488
- Profit (loss) carried forward +€761
up €761 (+1.7%), from €45,111 to €45,871
- Gross operating margin -€11,677
down €11,677 (-61.9%), from €18,852 to €7,175
- Taxes -€3,692
down €3,692 (-92.1%), from €4,007 to €315
- Depreciation +€3,429
up €3,429 (+36,517%), from €9 to €3,438
- Other operating charges +€2,951
new in 2025: €2,951
- Financial income +€601
new in 2025: €601
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 | €61,688 | €66,503 | +€4,814 | +7.8% |
| Fixed assets | 21/28 | €10,736 | €7,297 | -€3,438 | -32.0% |
| Tangible fixed assets | 22/27 | €10,306 | €6,867 | -€3,438 | -33.4% |
| Furniture and vehicles | 24 | €10,306 | €6,867 | -€3,438 | -33.4% |
| Financial fixed assets | 28 | €430 | €430 | = | 0.0% |
| Current assets | 29/58 | €50,953 | €59,206 | +€8,253 | +16.2% |
| Amounts receivable within one year | 40/41 | €49,081 | €59,206 | +€10,125 | +20.6% |
| Trade receivables | 40 | €48,856 | €32,107 | -€16,749 | -34.3% |
| Other amounts receivable | 41 | €224 | €27,099 | +€26,874 | +11,980% |
| Cash at bank and in hand | 54/58 | €1,872 | - | -€1,872 | |
| Total equity and liabilities | 10/49 | €61,688 | €66,503 | +€4,814 | +7.8% |
| Equity | 10/15 | €45,276 | €46,036 | +€761 | +1.7% |
| Contributions | 10/11 | €150 | €150 | = | 0.0% |
| Reserves | 13 | €15 | €15 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15 | €15 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15 | €15 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,111 | €45,871 | +€761 | +1.7% |
| Amounts payable | 17/49 | €16,413 | €20,467 | +€4,054 | +24.7% |
| Amounts payable within one year | 42/48 | €16,413 | €20,467 | +€4,054 | +24.7% |
| Financial debts | 43 | - | €6 | +€6 | |
| Credit institutions | 430/8 | - | €6 | +€6 | |
| Trade debts | 44 | €12,171 | €7,488 | -€4,682 | -38.5% |
| Suppliers | 440/4 | €12,171 | €7,488 | -€4,682 | -38.5% |
| Taxes, remuneration and social security | 45 | €4,242 | €12,972 | +€8,730 | +206% |
| Taxes | 450/3 | €4,242 | €12,972 | +€8,730 | +206% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9 | €3,438 | +€3,429 | +36,517% |
| Other operating charges | 640/8 | - | €2,951 | +€2,951 | |
| Gross operating margin | 9900 | €18,852 | €7,175 | -€11,677 | -61.9% |
| Operating profit (loss) | 9901 | €18,842 | €786 | -€18,057 | -95.8% |
| Financial income | 75/76B | - | €601 | +€601 | |
| Recurring financial income | 75 | - | €601 | +€601 | |
| Financial charges | 65/66B | €81 | €311 | +€230 | +285% |
| Recurring financial charges | 65 | €81 | €311 | +€230 | +285% |
| Profit (loss) for the period before taxes | 9903 | €18,762 | €1,076 | -€17,686 | -94.3% |
| Income taxes | 67/77 | €4,007 | €315 | -€3,692 | -92.1% |
| Profit (loss) for the period | 9904 | €14,755 | €761 | -€13,994 | -94.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,755 | €761 | -€13,994 | -94.8% |
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.