Renaline: 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.
Renaline
Largest movements
- Receivables within one year +€37,789
up €37,789 (+131.7%), from €28,687 to €66,475
of which Other amounts receivable: +€36,537
- Cash +€12,875
up €12,875 (+80.8%), from €15,941 to €28,816
mainly Tax, wage and social debts (+€26,135) and Net result for the year (+€20,813)
- Deferred charges and accrued income +€6,042
up €6,042 (+206.2%), from €2,930 to €8,972
- Intangible fixed assets -€2,310
down €2,310 (-14.0%), from €16,510 to €14,201
- Tangible fixed assets +€2,136
up €2,136 (+48.3%), from €4,420 to €6,556
of which Plant, machinery and equipment: +€3,273
- Tax, wage and social debts +€26,135
up €26,135 (+19.6%), from €133,283 to €159,418
of which Remuneration and social security: +€40,512
- Profit (loss) carried forward +€16,514
up €16,514 (+22.2%), from -€74,554 to -€58,040
- Trade debts +€10,497
up €10,497 (+58.4%), from €17,967 to €28,464
- Reserves +€4,299
new in 2025: €4,299
- Staff costs -€61,469
down €61,469 (-33.2%), from €185,329 to €123,860
- Gross operating margin -€19,428
down €19,428 (-11.0%), from €177,323 to €157,896
- Financial charges -€4,706
down €4,706 (-31.2%), from €15,085 to €10,380
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 | €80,041 | €138,021 | +€57,980 | +72.4% |
| Fixed assets | 21/28 | €23,930 | €24,257 | +€326 | +1.4% |
| Intangible fixed assets | 21 | €16,510 | €14,201 | -€2,310 | -14.0% |
| Tangible fixed assets | 22/27 | €4,420 | €6,556 | +€2,136 | +48.3% |
| Plant, machinery and equipment | 23 | €50 | €3,324 | +€3,273 | +6516.7% |
| Furniture and vehicles | 24 | €3,276 | €2,317 | -€959 | -29.3% |
| Other tangible fixed assets | 26 | €1,093 | €916 | -€178 | -16.3% |
| Financial fixed assets | 28 | €3,000 | €3,500 | +€500 | +16.7% |
| Current assets | 29/58 | €56,110 | €113,764 | +€57,654 | +102.8% |
| Stocks and contracts in progress | 3 | €8,552 | €9,500 | +€948 | +11.1% |
| Stocks | 30/36 | €8,552 | €9,500 | +€948 | +11.1% |
| Amounts receivable within one year | 40/41 | €28,687 | €66,475 | +€37,789 | +131.7% |
| Trade receivables | 40 | €198 | €1,450 | +€1,252 | +631.2% |
| Other amounts receivable | 41 | €28,488 | €65,025 | +€36,537 | +128.3% |
| Cash at bank and in hand | 54/58 | €15,941 | €28,816 | +€12,875 | +80.8% |
| Deferred charges and accrued income | 490/1 | €2,930 | €8,972 | +€6,042 | +206.2% |
| Total equity and liabilities | 10/49 | €80,041 | €138,021 | +€57,980 | +72.4% |
| Equity | 10/15 | -€72,054 | -€51,240 | +€20,813 | +28.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €4,299 | +€4,299 | |
| Tax-exempt reserves | 132 | - | €4,299 | +€4,299 | |
| Profit (loss) carried forward | 14 | -€74,554 | -€58,040 | +€16,514 | +22.2% |
| Amounts payable | 17/49 | €152,094 | €189,261 | +€37,167 | +24.4% |
| Amounts payable within one year | 42/48 | €152,029 | €189,261 | +€37,232 | +24.5% |
| Financial debts | 43 | €10 | €291 | +€281 | +2816.2% |
| Credit institutions | 430/8 | €10 | €291 | +€281 | +2816.2% |
| Trade debts | 44 | €17,967 | €28,464 | +€10,497 | +58.4% |
| Suppliers | 440/4 | €17,967 | €28,464 | +€10,497 | +58.4% |
| Taxes, remuneration and social security | 45 | €133,283 | €159,418 | +€26,135 | +19.6% |
| Taxes | 450/3 | €46,949 | €32,573 | -€14,376 | -30.6% |
| Remuneration and social security | 454/9 | €86,334 | €126,846 | +€40,512 | +46.9% |
| Other amounts payable | 47/48 | €769 | €1,088 | +€319 | +41.4% |
| Accrued charges and deferred income | 492/3 | €66 | €0 | -€66 | -100.0% |
| Non-recurring operating income | 76A | - | €4,299 | +€4,299 | |
| Remuneration, social security and pensions | 62 | €185,329 | €123,860 | -€61,469 | -33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,771 | €4,706 | -€64 | -1.3% |
| Other operating charges | 640/8 | €461 | €885 | +€424 | +91.9% |
| Gross operating margin | 9900 | €177,323 | €157,896 | -€19,428 | -11.0% |
| Operating profit (loss) | 9901 | -€13,237 | €28,445 | +€41,682 | |
| Financial income | 75/76B | €1,554 | €2,749 | +€1,194 | +76.8% |
| Recurring financial income | 75 | €1,554 | €2,749 | +€1,194 | +76.8% |
| Financial charges | 65/66B | €15,085 | €10,380 | -€4,706 | -31.2% |
| Recurring financial charges | 65 | €15,085 | €10,380 | -€4,706 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | -€26,768 | €20,813 | +€47,582 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€26,768 | €20,813 | +€47,582 | |
| Transfer to tax-exempt reserves | 689 | - | €4,299 | +€4,299 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,768 | €16,514 | +€43,283 |
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 10 October 2026 via checked.be.