RENBO EXPRESS: 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.
RENBO EXPRESS
Largest movements
- Tangible fixed assets +€19,675
up €19,675 (+52.1%), from €37,733 to €57,407
of which Leasing and similar rights: +€20,437
- Cash +€15,287
up €15,287 (+69.4%), from €22,033 to €37,320
mainly Net result for the year (+€35,729) and Depreciation (+€14,193)
- Receivables within one year -€9,483
down €9,483 (-16.9%), from €56,062 to €46,579
of which Trade receivables: -€9,606
- Reserves +€36,000
up €36,000 (+144.0%), from €25,000 to €61,000
- Trade debts -€25,118
down €25,118 (-58.3%), from €43,094 to €17,976
- Current portion of long-term debt +€13,772
up €13,772 (+130.0%), from €10,590 to €24,362
- Debts after one year -€4,015
down €4,015 (-22.9%), from €17,495 to €13,480
- Tax, wage and social debts +€3,202
up €3,202 (+22.6%), from €14,141 to €17,343
- Gross operating margin +€16,363
up €16,363 (+34.1%), from €47,964 to €64,327
- Depreciation +€8,038
up €8,038 (+130.6%), from €6,156 to €14,193
- Taxes +€2,820
up €2,820 (+44.4%), from €6,344 to €9,164
- Other operating charges +€2,095
up €2,095 (+2793.6%), from €75 to €2,170
- Financial charges +€1,134
up €1,134 (+58.2%), from €1,948 to €3,081
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 | €117,427 | €143,213 | +€25,786 | +22.0% |
| Formation expenses | 20 | €735 | €562 | -€173 | -23.5% |
| Fixed assets | 21/28 | €37,733 | €57,408 | +€19,674 | +52.1% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -10.8% |
| Tangible fixed assets | 22/27 | €37,733 | €57,407 | +€19,675 | +52.1% |
| Furniture and vehicles | 24 | €6,978 | €6,216 | -€763 | -10.9% |
| Leasing and similar rights | 25 | €30,754 | €51,191 | +€20,437 | +66.5% |
| Current assets | 29/58 | €78,959 | €85,243 | +€6,284 | +8.0% |
| Amounts receivable within one year | 40/41 | €56,062 | €46,579 | -€9,483 | -16.9% |
| Trade receivables | 40 | €56,062 | €46,456 | -€9,606 | -17.1% |
| Other amounts receivable | 41 | - | €123 | +€123 | |
| Cash at bank and in hand | 54/58 | €22,033 | €37,320 | +€15,287 | +69.4% |
| Deferred charges and accrued income | 490/1 | €864 | €1,344 | +€480 | +55.6% |
| Total equity and liabilities | 10/49 | €117,427 | €143,213 | +€25,786 | +22.0% |
| Equity | 10/15 | €27,971 | €63,700 | +€35,729 | +127.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €61,000 | +€36,000 | +144.0% |
| Distributable reserves | 133 | €25,000 | €61,000 | +€36,000 | +144.0% |
| Profit (loss) carried forward | 14 | €971 | €700 | -€271 | -27.9% |
| Amounts payable | 17/49 | €89,456 | €79,513 | -€9,943 | -11.1% |
| Amounts payable after more than one year | 17 | €17,495 | €13,480 | -€4,015 | -22.9% |
| Financial debts | 170/4 | €17,495 | €13,480 | -€4,015 | -22.9% |
| Amounts payable within one year | 42/48 | €71,661 | €66,033 | -€5,628 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €10,590 | €24,362 | +€13,772 | +130.0% |
| Trade debts | 44 | €43,094 | €17,976 | -€25,118 | -58.3% |
| Suppliers | 440/4 | €43,094 | €17,976 | -€25,118 | -58.3% |
| Taxes, remuneration and social security | 45 | €14,141 | €17,343 | +€3,202 | +22.6% |
| Taxes | 450/3 | €14,141 | €17,343 | +€3,202 | +22.6% |
| Other amounts payable | 47/48 | €3,837 | €6,353 | +€2,516 | +65.6% |
| Accrued charges and deferred income | 492/3 | €300 | €0 | -€300 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,156 | €14,193 | +€8,038 | +130.6% |
| Other operating charges | 640/8 | €75 | €2,170 | +€2,095 | +2793.6% |
| Non-recurring operating charges | 66A | €7,471 | €0 | -€7,471 | -100.0% |
| Gross operating margin | 9900 | €47,964 | €64,327 | +€16,363 | +34.1% |
| Operating profit (loss) | 9901 | €34,263 | €47,964 | +€13,701 | +40.0% |
| Financial income | 75/76B | €0 | €10 | +€10 | +50150.0% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +50150.0% |
| Financial charges | 65/66B | €1,948 | €3,081 | +€1,134 | +58.2% |
| Recurring financial charges | 65 | €1,948 | €3,081 | +€1,134 | +58.2% |
| Profit (loss) for the period before taxes | 9903 | €32,315 | €44,893 | +€12,577 | +38.9% |
| Income taxes | 67/77 | €6,344 | €9,164 | +€2,820 | +44.4% |
| Profit (loss) for the period | 9904 | €25,971 | €35,729 | +€9,758 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,971 | €35,729 | +€9,758 | +37.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.