Ren21: 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.
Ren21
Largest movements
- Tangible fixed assets +€36,495
new in 2025: €36,495
- Receivables within one year +€21,796
up €21,796 (+192.7%), from €11,310 to €33,106
- Cash +€1,356
up €1,356 (+61.4%), from €2,208 to €3,564
mainly Net result for the year (+€34,133) and Trade debts (+€17,569)
- Profit (loss) carried forward +€34,133
up €34,133 (+625.5%), from €5,457 to €39,590
- Trade debts +€17,569
new in 2025: €17,569
- Tax, wage and social debts +€10,028
up €10,028 (+336.9%), from €2,976 to €13,005
- Other debts -€2,084
no longer reported in 2025 (was €2,084)
- Gross operating margin +€36,316
up €36,316 (+527.6%), from €6,883 to €43,199
- Taxes +€7,225
up €7,225 (+529.6%), from €1,364 to €8,589
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.
Cash bridge derived
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 | €13,518 | €73,164 | +€59,646 | +441.2% |
| Fixed assets | 21/28 | - | €36,495 | +€36,495 | |
| Tangible fixed assets | 22/27 | - | €36,495 | +€36,495 | |
| Furniture and vehicles | 24 | - | €36,495 | +€36,495 | |
| Current assets | 29/58 | €13,518 | €36,670 | +€23,152 | +171.3% |
| Amounts receivable within one year | 40/41 | €11,310 | €33,106 | +€21,796 | +192.7% |
| Trade receivables | 40 | €11,310 | €33,106 | +€21,796 | +192.7% |
| Cash at bank and in hand | 54/58 | €2,208 | €3,564 | +€1,356 | +61.4% |
| Total equity and liabilities | 10/49 | €13,518 | €73,164 | +€59,646 | +441.2% |
| Equity | 10/15 | €8,457 | €42,590 | +€34,133 | +403.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,457 | €39,590 | +€34,133 | +625.5% |
| Amounts payable | 17/49 | €5,061 | €30,574 | +€25,513 | +504.1% |
| Amounts payable within one year | 42/48 | €5,061 | €30,574 | +€25,513 | +504.1% |
| Trade debts | 44 | - | €17,569 | +€17,569 | |
| Suppliers | 440/4 | - | €17,569 | +€17,569 | |
| Taxes, remuneration and social security | 45 | €2,976 | €13,005 | +€10,028 | +336.9% |
| Taxes | 450/3 | €2,976 | €13,005 | +€10,028 | +336.9% |
| Other amounts payable | 47/48 | €2,084 | - | -€2,084 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €33 | +€33 | |
| Other operating charges | 640/8 | €62 | €288 | +€226 | +365.6% |
| Gross operating margin | 9900 | €6,883 | €43,199 | +€36,316 | +527.6% |
| Operating profit (loss) | 9901 | €6,821 | €42,877 | +€36,056 | +528.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | - | €155 | +€155 | |
| Recurring financial charges | 65 | - | €155 | +€155 | |
| Profit (loss) for the period before taxes | 9903 | €6,821 | €42,722 | +€35,901 | +526.3% |
| Income taxes | 67/77 | €1,364 | €8,589 | +€7,225 | +529.6% |
| Profit (loss) for the period | 9904 | €5,457 | €34,133 | +€28,676 | +525.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,457 | €34,133 | +€28,676 | +525.5% |
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 11 October 2026 via checked.be.