RENFRANOD: 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.
RENFRANOD
Largest movements
- Cash -€25,068
down €25,068 (-24.6%), from €101,812 to €76,744
mainly Net result for the year (-€20,807) and Other debts (-€18,286)
- Receivables within one year -€11,780
no longer reported in 2025 (was €11,780)
of which Other amounts receivable: -€6,122
- Profit (loss) carried forward -€20,807
down €20,807, from €5,123 to -€15,684
- Other debts -€18,286
down €18,286 (-37.4%), from €48,910 to €30,624
- Tax, wage and social debts +€2,071
up €2,071 (+22.3%), from €9,306 to €11,377
of which Remuneration and social security: +€2,125
- Gross operating margin -€10,642
down €10,642 (-123%), from -€8,622 to -€19,264
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 | €115,119 | €79,282 | -€35,837 | -31.1% |
| Fixed assets | 21/28 | €109 | €45 | -€64 | -58.7% |
| Tangible fixed assets | 22/27 | €64 | - | -€64 | |
| Furniture and vehicles | 24 | €64 | - | -€64 | |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €115,010 | €79,237 | -€35,773 | -31.1% |
| Amounts receivable within one year | 40/41 | €11,780 | - | -€11,780 | |
| Trade receivables | 40 | €5,658 | - | -€5,658 | |
| Other amounts receivable | 41 | €6,122 | - | -€6,122 | |
| Cash at bank and in hand | 54/58 | €101,812 | €76,744 | -€25,068 | -24.6% |
| Deferred charges and accrued income | 490/1 | €1,418 | €2,493 | +€1,075 | +75.8% |
| Total equity and liabilities | 10/49 | €115,119 | €79,282 | -€35,837 | -31.1% |
| Equity | 10/15 | €44,482 | €23,675 | -€20,807 | -46.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,759 | €20,759 | = | 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 | €18,899 | €18,899 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,123 | -€15,684 | -€20,807 | |
| Amounts payable | 17/49 | €70,637 | €55,607 | -€15,030 | -21.3% |
| Amounts payable within one year | 42/48 | €70,637 | €54,699 | -€15,938 | -22.6% |
| Trade debts | 44 | €12,421 | €12,698 | +€277 | +2.2% |
| Suppliers | 440/4 | €12,421 | €12,698 | +€277 | +2.2% |
| Taxes, remuneration and social security | 45 | €9,306 | €11,377 | +€2,071 | +22.3% |
| Taxes | 450/3 | €186 | €132 | -€54 | -29.0% |
| Remuneration and social security | 454/9 | €9,120 | €11,245 | +€2,125 | +23.3% |
| Other amounts payable | 47/48 | €48,910 | €30,624 | -€18,286 | -37.4% |
| Accrued charges and deferred income | 492/3 | - | €908 | +€908 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64 | €64 | = | 0.0% |
| Other operating charges | 640/8 | €1,224 | €1,277 | +€53 | +4.3% |
| Gross operating margin | 9900 | -€8,622 | -€19,264 | -€10,642 | -123% |
| Operating profit (loss) | 9901 | -€9,910 | -€20,605 | -€10,695 | -108% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €38 | €49 | +€11 | +28.9% |
| Recurring financial charges | 65 | €38 | €49 | +€11 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,948 | -€20,650 | -€10,702 | -108% |
| Income taxes | 67/77 | €186 | €157 | -€29 | -15.6% |
| Profit (loss) for the period | 9904 | -€10,134 | -€20,807 | -€10,673 | -105% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,134 | -€20,807 | -€10,673 | -105% |
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 17 October 2026 via checked.be.