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
- Receivables within one year +€59,298
up €59,298 (+2345.1%), from €2,529 to €61,826
of which Trade receivables: +€58,376
- Cash -€52,916
down €52,916 (-43.2%), from €122,583 to €69,667
mainly Receivables within one year (-€59,298) and Investment in fixed assets (net) (-€1,319)
- Reserves +€6,856
up €6,856 (+7.4%), from €92,384 to €99,240
- Tax, wage and social debts +€1,660
up €1,660 (+17.2%), from €9,629 to €11,289
- Gross operating margin -€27,652
down €27,652 (-73.9%), from €37,418 to €9,765
- Taxes -€7,798
down €7,798 (-80.7%), from €9,661 to €1,863
- Other operating charges +€420
up €420 (+763.1%), from €55 to €475
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 | €125,636 | €133,260 | +€7,623 | +6.1% |
| Fixed assets | 21/28 | €525 | €1,766 | +€1,241 | +236.4% |
| Tangible fixed assets | 22/27 | - | €1,241 | +€1,241 | |
| Plant, machinery and equipment | 23 | - | €1,241 | +€1,241 | |
| Financial fixed assets | 28 | €525 | €525 | = | 0.0% |
| Current assets | 29/58 | €125,111 | €131,493 | +€6,382 | +5.1% |
| Amounts receivable within one year | 40/41 | €2,529 | €61,826 | +€59,298 | +2345.1% |
| Trade receivables | 40 | €2,529 | €60,905 | +€58,376 | +2308.6% |
| Other amounts receivable | 41 | - | €922 | +€922 | |
| Cash at bank and in hand | 54/58 | €122,583 | €69,667 | -€52,916 | -43.2% |
| Total equity and liabilities | 10/49 | €125,636 | €133,260 | +€7,623 | +6.1% |
| Equity | 10/15 | €112,484 | €119,340 | +€6,856 | +6.1% |
| Contributions | 10/11 | €20,100 | €20,100 | = | 0.0% |
| Reserves | 13 | €92,384 | €99,240 | +€6,856 | +7.4% |
| Distributable reserves | 133 | €92,384 | €99,240 | +€6,856 | +7.4% |
| Amounts payable | 17/49 | €13,152 | €13,920 | +€768 | +5.8% |
| Amounts payable within one year | 42/48 | €13,152 | €13,920 | +€768 | +5.8% |
| Trade debts | 44 | €2,505 | €1,613 | -€892 | -35.6% |
| Suppliers | 440/4 | €2,505 | €1,613 | -€892 | -35.6% |
| Taxes, remuneration and social security | 45 | €9,629 | €11,289 | +€1,660 | +17.2% |
| Taxes | 450/3 | €9,629 | €11,289 | +€1,660 | +17.2% |
| Other amounts payable | 47/48 | €1,018 | €1,018 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €78 | +€78 | |
| Other operating charges | 640/8 | €55 | €475 | +€420 | +763.1% |
| Gross operating margin | 9900 | €37,418 | €9,765 | -€27,652 | -73.9% |
| Operating profit (loss) | 9901 | €37,363 | €9,213 | -€28,150 | -75.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €329 | €494 | +€166 | +50.3% |
| Recurring financial charges | 65 | €329 | €494 | +€166 | +50.3% |
| Profit (loss) for the period before taxes | 9903 | €37,034 | €8,718 | -€28,315 | -76.5% |
| Income taxes | 67/77 | €9,661 | €1,863 | -€7,798 | -80.7% |
| Profit (loss) for the period | 9904 | €27,373 | €6,856 | -€20,517 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,373 | €6,856 | -€20,517 | -75.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.