RENDANO: 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.
RENDANO
Largest movements
- Cash -€65,273
down €65,273 (-62.5%), from €104,476 to €39,203
mainly Contributions, distributions and other (-€99,000) and Tax, wage and social debts (-€6,893)
- Receivables within one year -€3,809
down €3,809 (-29.0%), from €13,112 to €9,303
of which Trade receivables: -€2,733
- Tangible fixed assets -€1,404
down €1,404 (-19.2%), from €7,306 to €5,902
of which Furniture and vehicles: -€1,170
- Reserves -€99,582
down €99,582 (-100%), from €99,582 to €0
- Profit (loss) carried forward +€37,428
new in 2025: €37,428
- Tax, wage and social debts -€6,893
down €6,893 (-34.9%), from €19,737 to €12,844
- Trade debts -€1,648
down €1,648 (-34.5%), from €4,785 to €3,136
- Gross operating margin -€4,821
down €4,821 (-9.0%), from €53,623 to €48,803
- Taxes -€969
down €969 (-9.2%), from €10,516 to €9,546
- Depreciation +€940
up €940 (+202%), from €465 to €1,404
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 | €125,104 | €54,407 | -€70,696 | -56.5% |
| Fixed assets | 21/28 | €7,306 | €5,902 | -€1,404 | -19.2% |
| Tangible fixed assets | 22/27 | €7,306 | €5,902 | -€1,404 | -19.2% |
| Furniture and vehicles | 24 | €5,619 | €4,449 | -€1,170 | -20.8% |
| Other tangible fixed assets | 26 | €1,687 | €1,452 | -€235 | -13.9% |
| Current assets | 29/58 | €117,798 | €48,506 | -€69,292 | -58.8% |
| Amounts receivable within one year | 40/41 | €13,112 | €9,303 | -€3,809 | -29.0% |
| Trade receivables | 40 | €10,805 | €8,071 | -€2,733 | -25.3% |
| Other amounts receivable | 41 | €2,307 | €1,232 | -€1,076 | -46.6% |
| Cash at bank and in hand | 54/58 | €104,476 | €39,203 | -€65,273 | -62.5% |
| Deferred charges and accrued income | 490/1 | €210 | €0 | -€210 | -100% |
| Total equity and liabilities | 10/49 | €125,104 | €54,407 | -€70,696 | -56.5% |
| Equity | 10/15 | €100,582 | €38,428 | -€62,155 | -61.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €99,582 | €0 | -€99,582 | -100% |
| Distributable reserves | 133 | €99,582 | €0 | -€99,582 | -100% |
| Profit (loss) carried forward | 14 | - | €37,428 | +€37,428 | |
| Amounts payable | 17/49 | €24,521 | €15,980 | -€8,541 | -34.8% |
| Amounts payable within one year | 42/48 | €24,521 | €15,980 | -€8,541 | -34.8% |
| Trade debts | 44 | €4,785 | €3,136 | -€1,648 | -34.5% |
| Suppliers | 440/4 | €4,785 | €3,136 | -€1,648 | -34.5% |
| Taxes, remuneration and social security | 45 | €19,737 | €12,844 | -€6,893 | -34.9% |
| Taxes | 450/3 | €19,737 | €12,844 | -€6,893 | -34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €465 | €1,404 | +€940 | +202% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €53,623 | €48,803 | -€4,821 | -9.0% |
| Operating profit (loss) | 9901 | €52,653 | €46,878 | -€5,775 | -11.0% |
| Financial income | 75/76B | €39 | €261 | +€222 | +570% |
| Recurring financial income | 75 | €39 | €261 | +€222 | +570% |
| Financial charges | 65/66B | €745 | €748 | +€3 | +0.4% |
| Recurring financial charges | 65 | €745 | €748 | +€3 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €51,947 | €46,392 | -€5,556 | -10.7% |
| Income taxes | 67/77 | €10,516 | €9,546 | -€969 | -9.2% |
| Profit (loss) for the period | 9904 | €41,432 | €36,845 | -€4,586 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,432 | €36,845 | -€4,586 | -11.1% |
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 14 October 2026 via checked.be.