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
- Cash -€4,725
down €4,725 (-40.0%), from €11,816 to €7,091
mainly Investment in fixed assets (net) (-€5,041) and Trade debts (-€3,343)
- Tangible fixed assets +€4,129
new in 2025: €4,129
- Receivables within one year +€3,072
up €3,072 (+57.2%), from €5,374 to €8,446
of which Trade receivables: +€2,677
- Trade debts -€3,343
down €3,343 (-100.0%), from €3,343 to €0
- Debts after one year +€2,166
new in 2025: €2,166
- Current portion of long-term debt +€2,000
new in 2025: €2,000
- Tax, wage and social debts +€1,176
up €1,176 (+14.6%), from €8,072 to €9,249
of which Remuneration and social security: +€4,231
- Profit (loss) carried forward +€368
up €368 (+12.9%), from €2,854 to €3,223
- Staff costs +€17,036
up €17,036 (+126.5%), from €13,469 to €30,505
- Gross operating margin +€14,956
up €14,956 (+86.5%), from €17,289 to €32,245
- Depreciation +€911
new in 2025: €911
- Taxes -€608
down €608 (-85.2%), from €714 to €106
- Financial charges +€483
up €483 (+915.9%), from €53 to €536
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 | €17,190 | €19,667 | +€2,477 | +14.4% |
| Fixed assets | 21/28 | - | €4,129 | +€4,129 | |
| Tangible fixed assets | 22/27 | - | €4,129 | +€4,129 | |
| Furniture and vehicles | 24 | - | €4,129 | +€4,129 | |
| Current assets | 29/58 | €17,190 | €15,538 | -€1,653 | -9.6% |
| Amounts receivable within one year | 40/41 | €5,374 | €8,446 | +€3,072 | +57.2% |
| Trade receivables | 40 | - | €2,677 | +€2,677 | |
| Other amounts receivable | 41 | €5,374 | €5,769 | +€396 | +7.4% |
| Cash at bank and in hand | 54/58 | €11,816 | €7,091 | -€4,725 | -40.0% |
| Total equity and liabilities | 10/49 | €17,190 | €19,667 | +€2,477 | +14.4% |
| Equity | 10/15 | €5,774 | €6,143 | +€368 | +6.4% |
| Contributions | 10/11 | €2,920 | €2,920 | = | 0.0% |
| Capital | 10 | €2,920 | - | -€2,920 | |
| Issued capital | 100 | €2,920 | - | -€2,920 | |
| Profit (loss) carried forward | 14 | €2,854 | €3,223 | +€368 | +12.9% |
| Amounts payable | 17/49 | €11,416 | €13,524 | +€2,108 | +18.5% |
| Amounts payable after more than one year | 17 | - | €2,166 | +€2,166 | |
| Financial debts | 170/4 | - | €2,166 | +€2,166 | |
| Amounts payable within one year | 42/48 | €11,416 | €11,248 | -€168 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | - | €2,000 | +€2,000 | |
| Trade debts | 44 | €3,343 | €0 | -€3,343 | -100.0% |
| Suppliers | 440/4 | €3,343 | €0 | -€3,343 | -100.0% |
| Taxes, remuneration and social security | 45 | €8,072 | €9,249 | +€1,176 | +14.6% |
| Taxes | 450/3 | €4,984 | €1,930 | -€3,054 | -61.3% |
| Remuneration and social security | 454/9 | €3,088 | €7,319 | +€4,231 | +137.0% |
| Accrued charges and deferred income | 492/3 | - | €109 | +€109 | |
| Remuneration, social security and pensions | 62 | €13,469 | €30,505 | +€17,036 | +126.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €911 | +€911 | |
| Other operating charges | 640/8 | €200 | €55 | -€145 | -72.6% |
| Gross operating margin | 9900 | €17,289 | €32,245 | +€14,956 | +86.5% |
| Operating profit (loss) | 9901 | €3,621 | €775 | -€2,846 | -78.6% |
| Financial income | 75/76B | - | €235 | +€235 | |
| Recurring financial income | 75 | - | €235 | +€235 | |
| Financial charges | 65/66B | €53 | €536 | +€483 | +915.9% |
| Recurring financial charges | 65 | €53 | €536 | +€483 | +915.9% |
| Profit (loss) for the period before taxes | 9903 | €3,568 | €474 | -€3,094 | -86.7% |
| Income taxes | 67/77 | €714 | €106 | -€608 | -85.2% |
| Profit (loss) for the period | 9904 | €2,854 | €368 | -€2,486 | -87.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,854 | €368 | -€2,486 | -87.1% |
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 11 October 2026 via checked.be.