RENE: 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.
RENE
Largest movements
- Receivables within one year -€8,255
down €8,255 (-59.5%), from €13,873 to €5,618
of which Other amounts receivable: -€5,381
- Tangible fixed assets -€4,816
down €4,816 (-3.9%), from €122,894 to €118,078
of which Land and buildings: -€4,816
- Cash +€1,673
up €1,673 (+967.6%), from €173 to €1,846
mainly Receivables within one year (+€8,255) and Depreciation (+€4,816)
- Debts after one year -€7,000
down €7,000 (-100.0%), from €7,000 to €0
- Current portion of long-term debt -€7,000
down €7,000 (-50.0%), from €14,000 to €7,000
- Trade debts -€2,348
down €2,348 (-100.0%), from €2,348 to €0
- Other debts +€2,106
up €2,106 (+2.9%), from €73,294 to €75,400
- Profit (loss) carried forward +€2,064
up €2,064 (+24.8%), from €8,308 to €10,372
- Gross operating margin -€10,426
down €10,426 (-50.9%), from €20,476 to €10,050
- Depreciation -€941
down €941 (-16.4%), from €5,757 to €4,816
- Financial charges -€880
down €880 (-40.9%), from €2,152 to €1,272
- Other operating charges +€653
up €653 (+54.0%), from €1,210 to €1,863
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 | €136,939 | €125,542 | -€11,397 | -8.3% |
| Fixed assets | 21/28 | €122,894 | €118,078 | -€4,816 | -3.9% |
| Tangible fixed assets | 22/27 | €122,894 | €118,078 | -€4,816 | -3.9% |
| Land and buildings | 22 | €122,894 | €118,078 | -€4,816 | -3.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €14,046 | €7,464 | -€6,581 | -46.9% |
| Amounts receivable within one year | 40/41 | €13,873 | €5,618 | -€8,255 | -59.5% |
| Trade receivables | 40 | €8,492 | €5,618 | -€2,874 | -33.8% |
| Other amounts receivable | 41 | €5,381 | €0 | -€5,381 | -100.0% |
| Cash at bank and in hand | 54/58 | €173 | €1,846 | +€1,673 | +967.6% |
| Total equity and liabilities | 10/49 | €136,939 | €125,542 | -€11,397 | -8.3% |
| Equity | 10/15 | €36,216 | €38,280 | +€2,064 | +5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,308 | €9,308 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,448 | €7,448 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,308 | €10,372 | +€2,064 | +24.8% |
| Amounts payable | 17/49 | €100,723 | €87,262 | -€13,461 | -13.4% |
| Amounts payable after more than one year | 17 | €7,000 | €0 | -€7,000 | -100.0% |
| Financial debts | 170/4 | €7,000 | €0 | -€7,000 | -100.0% |
| Amounts payable within one year | 42/48 | €93,723 | €87,262 | -€6,461 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €14,000 | €7,000 | -€7,000 | -50.0% |
| Financial debts | 43 | €4,025 | €3,919 | -€106 | -2.6% |
| Credit institutions | 430/8 | €4,025 | €3,919 | -€106 | -2.6% |
| Trade debts | 44 | €2,348 | €0 | -€2,348 | -100.0% |
| Suppliers | 440/4 | €2,348 | €0 | -€2,348 | -100.0% |
| Taxes, remuneration and social security | 45 | €56 | €943 | +€887 | +1576.4% |
| Taxes | 450/3 | €56 | €943 | +€887 | +1576.4% |
| Other amounts payable | 47/48 | €73,294 | €75,400 | +€2,106 | +2.9% |
| Remuneration, social security and pensions | 62 | €38 | €44 | +€6 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,757 | €4,816 | -€941 | -16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,210 | €1,863 | +€653 | +54.0% |
| Gross operating margin | 9900 | €20,476 | €10,050 | -€10,426 | -50.9% |
| Operating profit (loss) | 9901 | €13,471 | €3,327 | -€10,144 | -75.3% |
| Financial income | 75/76B | €0 | €9 | +€9 | |
| Recurring financial income | 75 | €0 | €9 | +€9 | |
| Financial charges | 65/66B | €2,152 | €1,272 | -€880 | -40.9% |
| Recurring financial charges | 65 | €2,152 | €1,272 | -€880 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €11,319 | €2,064 | -€9,255 | -81.8% |
| Profit (loss) for the period | 9904 | €11,319 | €2,064 | -€9,255 | -81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,319 | €2,064 | -€9,255 | -81.8% |
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 10 October 2026 via checked.be.