RENE: 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.
RENE
Largest movements
- Tangible fixed assets -€13,007
down €13,007 (-5.2%), from €249,157 to €236,151
of which Land and buildings: -€16,993
- Other debts -€24,656
down €24,656 (-7.5%), from €329,903 to €305,248
- Profit (loss) carried forward +€15,953
up €15,953 (+12.7%), from -€125,876 to -€109,923
- Accrued charges and deferred income -€6,591
down €6,591 (-82.7%), from €7,965 to €1,374
- Gross operating margin +€12,450
up €12,450 (+47.3%), from €26,316 to €38,766
- Depreciation -€1,122
down €1,122 (-5.5%), from €20,312 to €19,190
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 | €252,843 | €237,550 | -€15,293 | -6.0% |
| Fixed assets | 21/28 | €249,157 | €236,151 | -€13,007 | -5.2% |
| Tangible fixed assets | 22/27 | €249,157 | €236,151 | -€13,007 | -5.2% |
| Land and buildings | 22 | €244,092 | €227,099 | -€16,993 | -7.0% |
| Plant, machinery and equipment | 23 | €5,065 | €9,052 | +€3,986 | +78.7% |
| Current assets | 29/58 | €3,685 | €1,399 | -€2,286 | -62.0% |
| Cash at bank and in hand | 54/58 | €3,685 | €1,399 | -€2,286 | -62.0% |
| Total equity and liabilities | 10/49 | €252,843 | €237,550 | -€15,293 | -6.0% |
| Equity | 10/15 | -€85,025 | -€69,072 | +€15,953 | +18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,251 | €22,251 | = | 0.0% |
| Distributable reserves | 133 | €22,251 | €22,251 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,876 | -€109,923 | +€15,953 | +12.7% |
| Amounts payable | 17/49 | €337,868 | €306,622 | -€31,246 | -9.2% |
| Amounts payable within one year | 42/48 | €329,903 | €305,248 | -€24,656 | -7.5% |
| Other amounts payable | 47/48 | €329,903 | €305,248 | -€24,656 | -7.5% |
| Accrued charges and deferred income | 492/3 | €7,965 | €1,374 | -€6,591 | -82.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,312 | €19,190 | -€1,122 | -5.5% |
| Other operating charges | 640/8 | €3,479 | €3,587 | +€108 | +3.1% |
| Gross operating margin | 9900 | €26,316 | €38,766 | +€12,450 | +47.3% |
| Operating profit (loss) | 9901 | €2,524 | €15,989 | +€13,465 | +533.4% |
| Financial charges | 65/66B | €31 | €36 | +€6 | +18.0% |
| Recurring financial charges | 65 | €31 | €36 | +€6 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €2,494 | €15,953 | +€13,459 | +539.8% |
| Profit (loss) for the period | 9904 | €2,494 | €15,953 | +€13,459 | +539.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,494 | €15,953 | +€13,459 | +539.8% |
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.