Rendel: 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.
Rendel
Largest movements
- Cash -€5,166
down €5,166 (-54.7%), from €9,452 to €4,286
mainly Other debts (-€3,239) and Receivables within one year (-€2,378)
- Receivables within one year +€2,378
up €2,378 (+456.0%), from €521 to €2,899
of which Trade receivables: +€2,560
- Tangible fixed assets -€629
down €629 (-77.0%), from €817 to €188
- Other debts -€3,239
down €3,239 (-52.7%), from €6,147 to €2,908
- Trade debts -€736
down €736 (-67.8%), from €1,085 to €349
- Profit (loss) carried forward +€342
up €342 (+7.4%), from -€4,656 to -€4,314
- Tax, wage and social debts +€258
up €258 (+147.3%), from €175 to €433
- Gross operating margin -€1,942
down €1,942 (-23.9%), from €8,123 to €6,181
- Financial charges -€761
down €761 (-15.2%), from €5,017 to €4,257
- Other operating charges -€145
down €145 (-15.7%), from €921 to €776
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 | €13,770 | €10,396 | -€3,375 | -24.5% |
| Fixed assets | 21/28 | €817 | €188 | -€629 | -77.0% |
| Tangible fixed assets | 22/27 | €817 | €188 | -€629 | -77.0% |
| Furniture and vehicles | 24 | €817 | €188 | -€629 | -77.0% |
| Current assets | 29/58 | €12,953 | €10,208 | -€2,745 | -21.2% |
| Amounts receivable within one year | 40/41 | €521 | €2,899 | +€2,378 | +456.0% |
| Trade receivables | 40 | €315 | €2,875 | +€2,560 | +813.8% |
| Other amounts receivable | 41 | €207 | €24 | -€183 | -88.3% |
| Cash at bank and in hand | 54/58 | €9,452 | €4,286 | -€5,166 | -54.7% |
| Deferred charges and accrued income | 490/1 | €2,980 | €3,023 | +€43 | +1.4% |
| Total equity and liabilities | 10/49 | €13,770 | €10,396 | -€3,375 | -24.5% |
| Equity | 10/15 | €6,364 | €6,706 | +€342 | +5.4% |
| Contributions | 10/11 | €10,200 | €10,200 | = | 0.0% |
| Reserves | 13 | €820 | €820 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €820 | €820 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,656 | -€4,314 | +€342 | +7.4% |
| Amounts payable | 17/49 | €7,407 | €3,690 | -€3,717 | -50.2% |
| Amounts payable within one year | 42/48 | €7,407 | €3,690 | -€3,717 | -50.2% |
| Trade debts | 44 | €1,085 | €349 | -€736 | -67.8% |
| Suppliers | 440/4 | €1,085 | €349 | -€736 | -67.8% |
| Taxes, remuneration and social security | 45 | €175 | €433 | +€258 | +147.3% |
| Taxes | 450/3 | €175 | €433 | +€258 | +147.3% |
| Other amounts payable | 47/48 | €6,147 | €2,908 | -€3,239 | -52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €629 | €629 | = | 0.0% |
| Other operating charges | 640/8 | €921 | €776 | -€145 | -15.7% |
| Gross operating margin | 9900 | €8,123 | €6,181 | -€1,942 | -23.9% |
| Operating profit (loss) | 9901 | €6,573 | €4,775 | -€1,798 | -27.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,017 | €4,257 | -€761 | -15.2% |
| Recurring financial charges | 65 | €5,017 | €4,257 | -€761 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €1,555 | €518 | -€1,037 | -66.7% |
| Income taxes | 67/77 | €140 | €176 | +€37 | +26.2% |
| Profit (loss) for the period | 9904 | €1,416 | €342 | -€1,074 | -75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,416 | €342 | -€1,074 | -75.8% |
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 11 October 2026 via checked.be.