RENES: 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.
RENES
Largest movements
- Tangible fixed assets -€32,543
down €32,543 (-7.6%), from €428,573 to €396,031
of which Land and buildings: -€28,783
- Cash +€17,407
up €17,407 (+1,413%), from €1,232 to €18,639
mainly Depreciation (+€33,520) and Net result for the year (+€26,279)
- Receivables within one year -€12,353
down €12,353 (-24.7%), from €50,093 to €37,740
of which Trade receivables: -€17,696
- Debts after one year -€30,090
down €30,090 (-14.4%), from €208,522 to €178,431
- Reserves +€26,279
up €26,279 (+15.4%), from €170,915 to €197,194
- Trade debts -€9,207
down €9,207 (-98.0%), from €9,394 to €188
- Other debts -€8,324
down €8,324 (-33.5%), from €24,849 to €16,525
- Tax, wage and social debts -€5,717
down €5,717 (-20.0%), from €28,608 to €22,892
of which Remuneration and social security: -€3,500
- Depreciation +€9,886
up €9,886 (+41.8%), from €23,634 to €33,520
- Gross operating margin -€2,080
down €2,080 (-2.4%), from €87,734 to €85,653
- Financial charges -€1,343
down €1,343 (-10.5%), from €12,796 to €11,453
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.
Derived cash bridge
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 | €479,898 | €454,020 | -€25,878 | -5.4% |
| Fixed assets | 21/28 | €428,573 | €396,031 | -€32,543 | -7.6% |
| Tangible fixed assets | 22/27 | €428,573 | €396,031 | -€32,543 | -7.6% |
| Land and buildings | 22 | €414,775 | €385,993 | -€28,783 | -6.9% |
| Plant, machinery and equipment | 23 | €153 | €1,832 | +€1,679 | +1,101% |
| Furniture and vehicles | 24 | €13,645 | €8,206 | -€5,439 | -39.9% |
| Current assets | 29/58 | €51,325 | €57,989 | +€6,664 | +13.0% |
| Amounts receivable within one year | 40/41 | €50,093 | €37,740 | -€12,353 | -24.7% |
| Trade receivables | 40 | €49,191 | €31,496 | -€17,696 | -36.0% |
| Other amounts receivable | 41 | €902 | €6,245 | +€5,343 | +592% |
| Cash at bank and in hand | 54/58 | €1,232 | €18,639 | +€17,407 | +1,413% |
| Deferred charges and accrued income | 490/1 | - | €1,610 | +€1,610 | |
| Total equity and liabilities | 10/49 | €479,898 | €454,020 | -€25,878 | -5.4% |
| Equity | 10/15 | €177,115 | €203,394 | +€26,279 | +14.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €170,915 | €197,194 | +€26,279 | +15.4% |
| Distributable reserves | 133 | €170,915 | €197,194 | +€26,279 | +15.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €302,783 | €250,626 | -€52,157 | -17.2% |
| Amounts payable after more than one year | 17 | €208,522 | €178,431 | -€30,090 | -14.4% |
| Financial debts | 170/4 | €208,522 | €178,431 | -€30,090 | -14.4% |
| Amounts payable within one year | 42/48 | €94,261 | €72,194 | -€22,067 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €28,909 | €32,590 | +€3,681 | +12.7% |
| Financial debts | 43 | €2,500 | - | -€2,500 | |
| Credit institutions | 430/8 | €2,500 | - | -€2,500 | |
| Trade debts | 44 | €9,394 | €188 | -€9,207 | -98.0% |
| Suppliers | 440/4 | €9,394 | €188 | -€9,207 | -98.0% |
| Taxes, remuneration and social security | 45 | €28,608 | €22,892 | -€5,717 | -20.0% |
| Taxes | 450/3 | €23,408 | €21,192 | -€2,217 | -9.5% |
| Remuneration and social security | 454/9 | €5,200 | €1,700 | -€3,500 | -67.3% |
| Other amounts payable | 47/48 | €24,849 | €16,525 | -€8,324 | -33.5% |
| Non-recurring operating income | 76A | - | €9,092 | +€9,092 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,634 | €33,520 | +€9,886 | +41.8% |
| Other operating charges | 640/8 | €2,890 | €3,128 | +€238 | +8.2% |
| Gross operating margin | 9900 | €87,734 | €85,653 | -€2,080 | -2.4% |
| Operating profit (loss) | 9901 | €61,210 | €49,005 | -€12,205 | -19.9% |
| Financial income | 75/76B | €4 | €3 | -€1 | -22.8% |
| Recurring financial income | 75 | €4 | €3 | -€1 | -22.8% |
| Financial charges | 65/66B | €12,796 | €11,453 | -€1,343 | -10.5% |
| Recurring financial charges | 65 | €12,796 | €11,453 | -€1,343 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €48,418 | €37,555 | -€10,863 | -22.4% |
| Income taxes | 67/77 | €11,959 | €11,277 | -€682 | -5.7% |
| Profit (loss) for the period | 9904 | €36,460 | €26,279 | -€10,181 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,460 | €26,279 | -€10,181 | -27.9% |
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 19 October 2026 via checked.be.