RENCKENS: 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.
RENCKENS
Largest movements
- Tangible fixed assets -€6,169
down €6,169 (-8.1%), from €76,322 to €70,153
of which Land and buildings: -€5,722
- Cash +€5,906
up €5,906 (+6.9%), from €85,725 to €91,631
mainly Net result for the year (+€6,931) and Depreciation (+€6,169)
- Current portion of long-term debt -€7,549
down €7,549 (-88.9%), from €8,495 to €946
- Profit (loss) carried forward +€6,931
up €6,931 (+46.4%), from €14,924 to €21,855
- Tax, wage and social debts +€2,128
up €2,128 (+615%), from €346 to €2,475
- Gross operating margin +€7,638
up €7,638 (+42.4%), from €18,027 to €25,665
- Depreciation -€5,708
down €5,708 (-48.1%), from €11,877 to €6,169
- Other operating charges +€5,237
up €5,237 (+105%), from €5,001 to €10,238
- Taxes +€2,128
up €2,128 (+615%), from €346 to €2,475
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 | €162,048 | €161,829 | -€219 | -0.1% |
| Fixed assets | 21/28 | €76,322 | €70,153 | -€6,169 | -8.1% |
| Tangible fixed assets | 22/27 | €76,322 | €70,153 | -€6,169 | -8.1% |
| Land and buildings | 22 | €68,786 | €63,063 | -€5,722 | -8.3% |
| Plant, machinery and equipment | 23 | €7,537 | €7,090 | -€447 | -5.9% |
| Current assets | 29/58 | €85,725 | €91,676 | +€5,950 | +6.9% |
| Amounts receivable within one year | 40/41 | - | €44 | +€44 | |
| Other amounts receivable | 41 | - | €44 | +€44 | |
| Cash at bank and in hand | 54/58 | €85,725 | €91,631 | +€5,906 | +6.9% |
| Total equity and liabilities | 10/49 | €162,048 | €161,829 | -€219 | -0.1% |
| Equity | 10/15 | €59,726 | €66,657 | +€6,931 | +11.6% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €7,602 | €7,602 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,012 | €1,012 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,012 | €1,012 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,590 | €6,590 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,924 | €21,855 | +€6,931 | +46.4% |
| Amounts payable | 17/49 | €102,322 | €95,172 | -€7,150 | -7.0% |
| Amounts payable after more than one year | 17 | €1,123 | €110 | -€1,013 | -90.2% |
| Financial debts | 170/4 | €1,013 | - | -€1,013 | |
| Other amounts payable | 178/9 | €110 | €110 | = | 0.0% |
| Amounts payable within one year | 42/48 | €101,199 | €95,062 | -€6,137 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €8,495 | €946 | -€7,549 | -88.9% |
| Trade debts | 44 | €9,283 | €8,566 | -€716 | -7.7% |
| Suppliers | 440/4 | €9,283 | €8,566 | -€716 | -7.7% |
| Taxes, remuneration and social security | 45 | €346 | €2,475 | +€2,128 | +615% |
| Taxes | 450/3 | €346 | €2,475 | +€2,128 | +615% |
| Other amounts payable | 47/48 | €83,074 | €83,074 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,877 | €6,169 | -€5,708 | -48.1% |
| Other operating charges | 640/8 | €5,001 | €10,238 | +€5,237 | +105% |
| Gross operating margin | 9900 | €18,027 | €25,665 | +€7,638 | +42.4% |
| Operating profit (loss) | 9901 | €1,149 | €9,257 | +€8,108 | +706% |
| Financial income | 75/76B | €122 | €148 | +€27 | +21.9% |
| Recurring financial income | 75 | €122 | €148 | +€27 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €1,271 | €9,406 | +€8,135 | +640% |
| Income taxes | 67/77 | €346 | €2,475 | +€2,128 | +615% |
| Profit (loss) for the period | 9904 | €924 | €6,931 | +€6,007 | +650% |
| Profit (loss) for the period to be appropriated | 9905 | €924 | €6,931 | +€6,007 | +650% |
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 19 October 2026 via checked.be.