Reniv: 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.
Reniv
Largest movements
- Financial fixed assets -€50,000
no longer reported in 2025 (was €50,000)
- Receivables within one year +€42,560
up €42,560 (+159.2%), from €26,727 to €69,287
of which Trade receivables: +€43,150
- Tangible fixed assets -€11,396
down €11,396 (-18.3%), from €62,311 to €50,916
- Cash +€10,269
up €10,269 (+34.0%), from €30,206 to €40,475
mainly Investment in fixed assets (net) (+€46,208) and Net result for the year (+€18,823)
- Deferred charges and accrued income -€2,959
down €2,959 (-39.6%), from €7,479 to €4,520
- Tax, wage and social debts -€21,428
down €21,428 (-66.4%), from €32,267 to €10,840
of which Taxes: -€17,365
- Reserves +€18,823
new in 2025: €18,823
- Debts after one year -€10,437
down €10,437 (-47.7%), from €21,869 to €11,432
- Other debts +€6,655
up €6,655 (+8.6%), from €77,373 to €84,028
- Current portion of long-term debt -€4,718
down €4,718 (-31.1%), from €15,155 to €10,437
- Gross operating margin +€180,515
up €180,515, from -€61,754 to €118,761
- Financial charges +€46,104
up €46,104 (+684.1%), from €6,739 to €52,843
of which Non-recurring financial charges: +€50,000
- Write-downs +€31,198
new in 2025: €31,198
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 | €176,723 | €165,198 | -€11,525 | -6.5% |
| Fixed assets | 21/28 | €112,311 | €50,916 | -€61,396 | -54.7% |
| Tangible fixed assets | 22/27 | €62,311 | €50,916 | -€11,396 | -18.3% |
| Land and buildings | 22 | €49,815 | €45,197 | -€4,618 | -9.3% |
| Plant, machinery and equipment | 23 | €10,233 | €4,612 | -€5,621 | -54.9% |
| Furniture and vehicles | 24 | €2,263 | €1,106 | -€1,157 | -51.1% |
| Financial fixed assets | 28 | €50,000 | - | -€50,000 | |
| Current assets | 29/58 | €64,412 | €114,283 | +€49,870 | +77.4% |
| Amounts receivable within one year | 40/41 | €26,727 | €69,287 | +€42,560 | +159.2% |
| Trade receivables | 40 | €21,065 | €64,215 | +€43,150 | +204.8% |
| Other amounts receivable | 41 | €5,662 | €5,072 | -€590 | -10.4% |
| Cash at bank and in hand | 54/58 | €30,206 | €40,475 | +€10,269 | +34.0% |
| Deferred charges and accrued income | 490/1 | €7,479 | €4,520 | -€2,959 | -39.6% |
| Total equity and liabilities | 10/49 | €176,723 | €165,198 | -€11,525 | -6.5% |
| Equity | 10/15 | €24,204 | €43,027 | +€18,823 | +77.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €18,823 | +€18,823 | |
| Distributable reserves | 133 | - | €18,823 | +€18,823 | |
| Profit (loss) carried forward | 14 | €20,204 | €20,204 | = | 0.0% |
| Amounts payable | 17/49 | €152,520 | €122,171 | -€30,348 | -19.9% |
| Amounts payable after more than one year | 17 | €21,869 | €11,432 | -€10,437 | -47.7% |
| Financial debts | 170/4 | €21,869 | €11,432 | -€10,437 | -47.7% |
| Amounts payable within one year | 42/48 | €130,519 | €110,739 | -€19,780 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €15,155 | €10,437 | -€4,718 | -31.1% |
| Trade debts | 44 | €5,724 | €5,435 | -€289 | -5.1% |
| Suppliers | 440/4 | €5,724 | €5,435 | -€289 | -5.1% |
| Taxes, remuneration and social security | 45 | €32,267 | €10,840 | -€21,428 | -66.4% |
| Taxes | 450/3 | €28,205 | €10,840 | -€17,365 | -61.6% |
| Remuneration and social security | 454/9 | €4,063 | - | -€4,063 | |
| Other amounts payable | 47/48 | €77,373 | €84,028 | +€6,655 | +8.6% |
| Accrued charges and deferred income | 492/3 | €131 | - | -€131 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,327 | €15,187 | +€860 | +6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €31,198 | +€31,198 | |
| Other operating charges | 640/8 | €1,229 | €1,168 | -€61 | -4.9% |
| Gross operating margin | 9900 | -€61,754 | €118,761 | +€180,515 | |
| Operating profit (loss) | 9901 | -€77,309 | €71,208 | +€148,518 | |
| Financial income | 75/76B | - | €681 | +€681 | |
| Recurring financial income | 75 | - | €681 | +€681 | |
| Financial charges | 65/66B | €6,739 | €52,843 | +€46,104 | +684.1% |
| Recurring financial charges | 65 | €6,739 | €2,843 | -€3,896 | -57.8% |
| Non-recurring financial charges | 66B | - | €50,000 | +€50,000 | |
| Profit (loss) for the period before taxes | 9903 | -€84,049 | €19,047 | +€103,095 | |
| Income taxes | 67/77 | €226 | €224 | -€2 | -1.0% |
| Profit (loss) for the period | 9904 | -€84,275 | €18,823 | +€103,098 | |
| Profit (loss) for the period to be appropriated | 9905 | -€84,275 | €18,823 | +€103,098 |
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 8 October 2026 via checked.be.