RENEA: 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.
RENEA
Largest movements
- Receivables within one year -€22,752
down €22,752 (-61.3%), from €37,137 to €14,385
of which Trade receivables: -€13,424
- Cash +€13,682
up €13,682 (+198.1%), from €6,905 to €20,587
mainly Other debts (+€26,930) and Receivables within one year (+€22,752)
- Tangible fixed assets -€1,913
down €1,913 (-30.1%), from €6,350 to €4,437
- Other debts +€26,930
up €26,930 (+1194.4%), from €2,255 to €29,184
- Profit (loss) carried forward -€17,322
new in 2025: -€17,322
- Short-term financial debts -€12,000
no longer reported in 2025 (was €12,000)
- Reserves -€11,716
down €11,716 (-34.1%), from €34,405 to €22,689
- Tax, wage and social debts +€4,115
new in 2025: €4,115
- Gross operating margin -€45,111
down €45,111, from €18,037 to -€27,074
- Taxes -€4,115
no longer reported in 2025 (was €4,115)
- Other operating charges -€383
down €383 (-67.4%), from €569 to €186
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 | €50,392 | €39,409 | -€10,983 | -21.8% |
| Fixed assets | 21/28 | €6,350 | €4,437 | -€1,913 | -30.1% |
| Tangible fixed assets | 22/27 | €6,350 | €4,437 | -€1,913 | -30.1% |
| Plant, machinery and equipment | 23 | €6,350 | €4,437 | -€1,913 | -30.1% |
| Current assets | 29/58 | €44,042 | €34,972 | -€9,070 | -20.6% |
| Amounts receivable within one year | 40/41 | €37,137 | €14,385 | -€22,752 | -61.3% |
| Trade receivables | 40 | €16,957 | €3,533 | -€13,424 | -79.2% |
| Other amounts receivable | 41 | €20,180 | €10,852 | -€9,328 | -46.2% |
| Cash at bank and in hand | 54/58 | €6,905 | €20,587 | +€13,682 | +198.1% |
| Total equity and liabilities | 10/49 | €50,392 | €39,409 | -€10,983 | -21.8% |
| Equity | 10/15 | €34,405 | €5,367 | -€29,039 | -84.4% |
| Reserves | 13 | €34,405 | €22,689 | -€11,716 | -34.1% |
| Distributable reserves | 133 | €34,405 | €22,689 | -€11,716 | -34.1% |
| Profit (loss) carried forward | 14 | - | -€17,322 | -€17,322 | |
| Amounts payable | 17/49 | €15,987 | €34,042 | +€18,056 | +112.9% |
| Amounts payable within one year | 42/48 | €15,987 | €34,042 | +€18,056 | +112.9% |
| Financial debts | 43 | €12,000 | - | -€12,000 | |
| Other loans | 439 | €12,000 | - | -€12,000 | |
| Trade debts | 44 | €1,732 | €743 | -€989 | -57.1% |
| Suppliers | 440/4 | €1,732 | €743 | -€989 | -57.1% |
| Taxes, remuneration and social security | 45 | - | €4,115 | +€4,115 | |
| Taxes | 450/3 | - | €4,115 | +€4,115 | |
| Other amounts payable | 47/48 | €2,255 | €29,184 | +€26,930 | +1194.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,051 | €1,913 | -€138 | -6.7% |
| Other operating charges | 640/8 | €569 | €186 | -€383 | -67.4% |
| Gross operating margin | 9900 | €18,037 | -€27,074 | -€45,111 | |
| Operating profit (loss) | 9901 | €15,416 | -€29,173 | -€44,589 | |
| Financial income | 75/76B | €129 | €335 | +€206 | +159.0% |
| Recurring financial income | 75 | €129 | €335 | +€206 | +159.0% |
| Financial charges | 65/66B | €369 | €200 | -€169 | -45.7% |
| Recurring financial charges | 65 | €369 | €200 | -€169 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | €15,176 | -€29,039 | -€44,215 | |
| Income taxes | 67/77 | €4,115 | - | -€4,115 | |
| Profit (loss) for the period | 9904 | €11,062 | -€29,039 | -€40,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,062 | -€29,039 | -€40,100 |
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 12 October 2026 via checked.be.