RENIJI: 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.
What changed
RENIJI
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4,694
2024 · €15,738-€11,044
Equity
€1.1m
2024 · €1.1m+€4,694
Cash
€35,213
2024 · €26,414+€8,799
Balance sheet total
€2.0m
2024 · €2.0m-€52,433
Largest movements
Assets
- Tangible fixed assets -€61,740
down €61,740 (-3.1%), from €2.0m to €1.9m
of which Land and buildings: -€59,477
Equity and liabilities
- Debts after one year -€52,270
down €52,270 (-6.5%), from €799,466 to €747,196
Income statement
- Gross operating margin -€17,092
down €17,092 (-17.4%), from €98,095 to €81,003
- Taxes -€5,814
down €5,814 (-72.2%), from €8,058 to €2,244
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.
Result 2024
€15,738
Gross operating margin
-€17,092
Depreciation
+€0
Other operating charges
-€291
Financial charges
+€524
Taxes
+€5,814
Result 2025
€4,694
raises the resultlowers the result
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.
From operations
+€60,547
Investment
€0
Financing
-€51,748
Cash 2024
€26,414
From operations (derived)
+€60,547
Net result for the year
+€4,694
Depreciation
+€61,740
Receivables within one year
-€3,756
Deferred charges and accrued income
+€3,247
Trade debts
-€47
Tax, wage and social debts
-€5,331
Financing
-€51,748
Debts after one year
-€52,270
Current portion of long-term debt
+€522
Cash 2025
€35,213
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,009,156 | €1,956,723 | -€52,433 | -2.6% |
| Fixed assets | 21/28 | €1,979,495 | €1,917,754 | -€61,740 | -3.1% |
| Tangible fixed assets | 22/27 | €1,979,495 | €1,917,754 | -€61,740 | -3.1% |
| Land and buildings | 22 | €1,966,280 | €1,906,802 | -€59,477 | -3.0% |
| Plant, machinery and equipment | 23 | €13,215 | €10,952 | -€2,263 | -17.1% |
| Current assets | 29/58 | €29,662 | €38,969 | +€9,308 | +31.4% |
| Amounts receivable within one year | 40/41 | €0 | €3,756 | +€3,756 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €3,756 | +€3,756 | |
| Cash at bank and in hand | 54/58 | €26,414 | €35,213 | +€8,799 | +33.3% |
| Deferred charges and accrued income | 490/1 | €3,247 | €0 | -€3,247 | -100% |
| Total equity and liabilities | 10/49 | €2,009,156 | €1,956,723 | -€52,433 | -2.6% |
| Equity | 10/15 | €1,144,505 | €1,149,199 | +€4,694 | +0.4% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €144,505 | €149,199 | +€4,694 | +3.2% |
| Non-distributable reserves | 130/1 | €189 | €189 | = | 0.0% |
| Reserves not available under the articles | 1311 | €189 | €189 | = | 0.0% |
| Distributable reserves | 133 | €144,316 | €149,010 | +€4,694 | +3.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €864,651 | €807,525 | -€57,127 | -6.6% |
| Amounts payable after more than one year | 17 | €799,466 | €747,196 | -€52,270 | -6.5% |
| Financial debts | 170/4 | €799,466 | €747,196 | -€52,270 | -6.5% |
| Amounts payable within one year | 42/48 | €65,185 | €60,328 | -€4,856 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €51,748 | €52,270 | +€522 | +1.0% |
| Trade debts | 44 | €47 | €0 | -€47 | -100% |
| Suppliers | 440/4 | €47 | €0 | -€47 | -100% |
| Taxes, remuneration and social security | 45 | €13,390 | €8,058 | -€5,331 | -39.8% |
| Taxes | 450/3 | €13,390 | €8,058 | -€5,331 | -39.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,740 | €61,740 | -€0 | 0.0% |
| Other operating charges | 640/8 | €6,151 | €6,442 | +€291 | +4.7% |
| Gross operating margin | 9900 | €98,095 | €81,003 | -€17,092 | -17.4% |
| Operating profit (loss) | 9901 | €30,204 | €12,821 | -€17,383 | -57.6% |
| Financial charges | 65/66B | €6,407 | €5,883 | -€524 | -8.2% |
| Recurring financial charges | 65 | €6,407 | €5,883 | -€524 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €23,797 | €6,938 | -€16,858 | -70.8% |
| Income taxes | 67/77 | €8,058 | €2,244 | -€5,814 | -72.2% |
| Profit (loss) for the period | 9904 | €15,738 | €4,694 | -€11,044 | -70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,738 | €4,694 | -€11,044 | -70.2% |
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 13 October 2026 via checked.be.