RENA PLUS: what changed
Two fiscal 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.
RENA PLUS
Largest movements
- Tangible fixed assets -€130,447
down €130,447 (-5.8%), from €2.2m to €2.1m
of which Land and buildings: -€143,157
- Current investments -€87,973
down €87,973 (-83.0%), from €106,000 to €18,027
- Receivables within one year +€78,373
up €78,373 (+130.8%), from €59,905 to €138,277
of which Trade receivables: +€58,662
- Cash -€52,718
down €52,718 (-57.9%), from €91,000 to €38,282
mainly Debts after one year (-€137,727) and Contributions, distributions and other (-€137,378)
- Debts after one year -€137,727
down €137,727 (-8.7%), from €1.6m to €1.4m
of which Financial debts: -€437,727
- Reserves -€137,378
down €137,378 (-20.2%), from €678,448 to €541,071
of which Distributable reserves: -€137,378
- Other debts +€59,870
up €59,870 (+227.5%), from €26,314 to €86,184
- Trade debts +€44,020
up €44,020 (+439.0%), from €10,028 to €54,048
- Gross operating margin -€642,903
down €642,903 (-72.7%), from €884,126 to €241,223
- Staff costs -€191,091
down €191,091 (-83.4%), from €229,115 to €38,024
- Taxes -€92,087
down €92,087 (-99.5%), from €92,545 to €458
- Depreciation -€89,192
down €89,192 (-37.2%), from €239,778 to €150,585
- Other operating charges -€24,307
down €24,307 (-63.6%), from €38,222 to €13,915
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,500,137 | €2,303,436 | -€196,701 | -7.9% |
| Fixed assets | 21/28 | €2,236,854 | €2,106,407 | -€130,447 | -5.8% |
| Tangible fixed assets | 22/27 | €2,236,014 | €2,105,567 | -€130,447 | -5.8% |
| Land and buildings | 22 | €2,233,212 | €2,090,055 | -€143,157 | -6.4% |
| Plant, machinery and equipment | 23 | €2,802 | €7,677 | +€4,875 | +174.0% |
| Furniture and vehicles | 24 | - | €7,835 | +€7,835 | |
| Financial fixed assets | 28 | €840 | €840 | = | 0.0% |
| Current assets | 29/58 | €263,283 | €197,029 | -€66,254 | -25.2% |
| Amounts receivable within one year | 40/41 | €59,905 | €138,277 | +€78,373 | +130.8% |
| Trade receivables | 40 | €59,905 | €118,567 | +€58,662 | +97.9% |
| Other amounts receivable | 41 | - | €19,711 | +€19,711 | |
| Current investments | 50/53 | €106,000 | €18,027 | -€87,973 | -83.0% |
| Cash at bank and in hand | 54/58 | €91,000 | €38,282 | -€52,718 | -57.9% |
| Deferred charges and accrued income | 490/1 | €6,379 | €2,442 | -€3,936 | -61.7% |
| Total equity and liabilities | 10/49 | €2,500,137 | €2,303,436 | -€196,701 | -7.9% |
| Equity | 10/15 | €701,802 | €566,004 | -€135,798 | -19.3% |
| Contributions | 10/11 | €13,245 | €13,245 | = | 0.0% |
| Reserves | 13 | €678,448 | €541,071 | -€137,378 | -20.2% |
| Tax-exempt reserves | 132 | €13,352 | €13,352 | = | 0.0% |
| Distributable reserves | 133 | €665,096 | €527,718 | -€137,378 | -20.7% |
| Profit (loss) carried forward | 14 | €10,108 | €11,688 | +€1,579 | +15.6% |
| Amounts payable | 17/49 | €1,798,335 | €1,737,432 | -€60,903 | -3.4% |
| Amounts payable after more than one year | 17 | €1,581,598 | €1,443,871 | -€137,727 | -8.7% |
| Financial debts | 170/4 | €1,581,598 | €1,143,871 | -€437,727 | -27.7% |
| Other amounts payable | 178/9 | - | €300,000 | +€300,000 | |
| Amounts payable within one year | 42/48 | €204,647 | €293,561 | +€88,914 | +43.4% |
| Current portion of amounts payable after more than one year | 42 | €139,842 | €146,427 | +€6,585 | +4.7% |
| Trade debts | 44 | €10,028 | €54,048 | +€44,020 | +439.0% |
| Suppliers | 440/4 | €10,028 | €54,048 | +€44,020 | +439.0% |
| Taxes, remuneration and social security | 45 | €28,463 | €6,902 | -€21,561 | -75.8% |
| Taxes | 450/3 | €23,746 | €2,627 | -€21,120 | -88.9% |
| Remuneration and social security | 454/9 | €4,716 | €4,275 | -€441 | -9.4% |
| Other amounts payable | 47/48 | €26,314 | €86,184 | +€59,870 | +227.5% |
| Accrued charges and deferred income | 492/3 | €12,090 | €0 | -€12,090 | -100.0% |
| Non-recurring operating income | 76A | €1,611 | €0 | -€1,611 | -100.0% |
| Remuneration, social security and pensions | 62 | €229,115 | €38,024 | -€191,091 | -83.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239,778 | €150,585 | -€89,192 | -37.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,587 | €0 | +€1,587 | |
| Other operating charges | 640/8 | €38,222 | €13,915 | -€24,307 | -63.6% |
| Non-recurring operating charges | 66A | €18,781 | €0 | -€18,781 | -100.0% |
| Gross operating margin | 9900 | €884,126 | €241,223 | -€642,903 | -72.7% |
| Operating profit (loss) | 9901 | €359,817 | €38,699 | -€321,118 | -89.2% |
| Financial income | 75/76B | €3,802 | €998 | -€2,804 | -73.7% |
| Recurring financial income | 75 | €3,802 | €998 | -€2,804 | -73.7% |
| Financial charges | 65/66B | €41,709 | €37,660 | -€4,050 | -9.7% |
| Recurring financial charges | 65 | €41,709 | €37,660 | -€4,050 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €321,910 | €2,037 | -€319,872 | -99.4% |
| Income taxes | 67/77 | €92,545 | €458 | -€92,087 | -99.5% |
| Profit (loss) for the period | 9904 | €229,365 | €1,579 | -€227,785 | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €229,365 | €1,579 | -€227,785 | -99.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.