RENI: what changed
Two fiscal 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.
RENI
Largest movements
- Tangible fixed assets -€183,092
down €183,092 (-8.2%), from €2.2m to €2.1m
of which Furniture and vehicles: -€284,819
- Receivables within one year +€166,544
up €166,544 (+163.8%), from €101,676 to €268,220
of which Trade receivables: +€179,283
- Cash +€49,638
up €49,638 (+138.7%), from €35,793 to €85,431
mainly Depreciation (+€391,920) and Debts after one year (+€162,099)
- Debts after one year +€162,099
up €162,099 (+7.9%), from €2.0m to €2.2m
- Current portion of long-term debt -€84,685
down €84,685 (-10.2%), from €833,126 to €748,441
- Trade debts -€31,803
down €31,803 (-16.8%), from €189,709 to €157,906
- Tax, wage and social debts +€26,836
up €26,836 (+1103.2%), from €2,433 to €29,269
of which Taxes: +€21,677
- Gross operating margin -€143,014
down €143,014 (-17.9%), from €797,537 to €654,523
- Staff costs +€38,570
new in 2024: €38,570
- Financial charges -€30,585
down €30,585 (-11.0%), from €277,168 to €246,583
- Depreciation +€13,789
up €13,789 (+3.6%), from €378,131 to €391,920
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,412,436 | €2,424,764 | +€12,328 | +0.5% |
| Fixed assets | 21/28 | €2,243,549 | €2,060,457 | -€183,092 | -8.2% |
| Tangible fixed assets | 22/27 | €2,233,549 | €2,050,457 | -€183,092 | -8.2% |
| Plant, machinery and equipment | 23 | €3,426 | €105,152 | +€101,727 | +2969.5% |
| Furniture and vehicles | 24 | €2,230,123 | €1,945,304 | -€284,819 | -12.8% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €168,887 | €364,307 | +€195,420 | +115.7% |
| Amounts receivable within one year | 40/41 | €101,676 | €268,220 | +€166,544 | +163.8% |
| Trade receivables | 40 | €63,819 | €243,102 | +€179,283 | +280.9% |
| Other amounts receivable | 41 | €37,858 | €25,119 | -€12,739 | -33.6% |
| Cash at bank and in hand | 54/58 | €35,793 | €85,431 | +€49,638 | +138.7% |
| Deferred charges and accrued income | 490/1 | €31,417 | €10,656 | -€20,761 | -66.1% |
| Total equity and liabilities | 10/49 | €2,412,436 | €2,424,764 | +€12,328 | +0.5% |
| Equity | 10/15 | -€1,005,646 | -€1,032,395 | -€26,749 | -2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €131,467 | €128,745 | -€2,722 | -2.1% |
| Non-distributable reserves | 130/1 | €2,722 | - | -€2,722 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Other | 1319 | €862 | - | -€862 | |
| Distributable reserves | 133 | €128,745 | €128,745 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,155,712 | -€1,179,740 | -€24,027 | -2.1% |
| Amounts payable | 17/49 | €3,418,082 | €3,457,159 | +€39,077 | +1.1% |
| Amounts payable after more than one year | 17 | €2,049,440 | €2,211,539 | +€162,099 | +7.9% |
| Financial debts | 170/4 | €2,049,440 | €2,211,539 | +€162,099 | +7.9% |
| Amounts payable within one year | 42/48 | €1,118,432 | €1,014,026 | -€104,406 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €833,126 | €748,441 | -€84,685 | -10.2% |
| Financial debts | 43 | €7,238 | €14,054 | +€6,815 | +94.2% |
| Credit institutions | 430/8 | €7,238 | €14,054 | +€6,815 | +94.2% |
| Trade debts | 44 | €189,709 | €157,906 | -€31,803 | -16.8% |
| Suppliers | 440/4 | €189,709 | €157,906 | -€31,803 | -16.8% |
| Taxes, remuneration and social security | 45 | €2,433 | €29,269 | +€26,836 | +1103.2% |
| Taxes | 450/3 | €2,433 | €24,109 | +€21,677 | +891.1% |
| Remuneration and social security | 454/9 | - | €5,159 | +€5,159 | |
| Other amounts payable | 47/48 | €85,926 | €64,357 | -€21,569 | -25.1% |
| Accrued charges and deferred income | 492/3 | €250,210 | €231,594 | -€18,616 | -7.4% |
| Remuneration, social security and pensions | 62 | - | €38,570 | +€38,570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €378,131 | €391,920 | +€13,789 | +3.6% |
| Other operating charges | 640/8 | €3,494 | €3,433 | -€61 | -1.7% |
| Gross operating margin | 9900 | €797,537 | €654,523 | -€143,014 | -17.9% |
| Operating profit (loss) | 9901 | €415,912 | €220,600 | -€195,312 | -47.0% |
| Financial income | 75/76B | €151 | €379 | +€228 | +151.2% |
| Recurring financial income | 75 | €151 | €379 | +€228 | +151.2% |
| Financial charges | 65/66B | €277,168 | €246,583 | -€30,585 | -11.0% |
| Recurring financial charges | 65 | €277,168 | €246,583 | -€30,585 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €138,895 | -€25,604 | -€164,499 | |
| Income taxes | 67/77 | €1,207 | €1,145 | -€63 | -5.2% |
| Profit (loss) for the period | 9904 | €137,687 | -€26,749 | -€164,436 | |
| Profit (loss) for the period to be appropriated | 9905 | €137,687 | -€26,749 | -€164,436 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.