@RENO: 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.
@RENO
Largest movements
- Cash +€25,095
up €25,095 (+179%), from €14,031 to €39,126
mainly Net result for the year (+€20,742) and Depreciation (+€11,201)
- Tangible fixed assets -€7,040
down €7,040 (-14.5%), from €48,634 to €41,593
of which Land and buildings: -€7,074
- Receivables within one year -€3,627
down €3,627 (-55.1%), from €6,578 to €2,951
of which Other amounts receivable: -€3,822
- Profit (loss) carried forward +€20,742
up €20,742 (+1,444%), from €1,437 to €22,179
- Debts after one year -€7,692
down €7,692 (-23.6%), from €32,594 to €24,902
- Tax, wage and social debts +€2,813
up €2,813 (+118%), from €2,385 to €5,198
of which Remuneration and social security: +€1,426
- Other debts -€1,408
down €1,408 (-62.6%), from €2,249 to €842
- Gross operating margin +€36,766
up €36,766 (+65.6%), from €56,057 to €92,823
- Depreciation +€7,703
up €7,703 (+220%), from €3,499 to €11,201
- Staff costs +€3,905
up €3,905 (+7.4%), from €52,768 to €56,673
- Taxes +€1,293
new in 2025: €1,293
- Financial charges +€1,207
up €1,207 (+227%), from €531 to €1,738
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 | €72,670 | €86,849 | +€14,179 | +19.5% |
| Fixed assets | 21/28 | €48,634 | €41,593 | -€7,040 | -14.5% |
| Tangible fixed assets | 22/27 | €48,634 | €41,593 | -€7,040 | -14.5% |
| Land and buildings | 22 | €7,074 | - | -€7,074 | |
| Plant, machinery and equipment | 23 | - | €5,064 | +€5,064 | |
| Furniture and vehicles | 24 | €41,560 | €36,529 | -€5,030 | -12.1% |
| Current assets | 29/58 | €24,037 | €45,255 | +€21,219 | +88.3% |
| Amounts receivable within one year | 40/41 | €6,578 | €2,951 | -€3,627 | -55.1% |
| Trade receivables | 40 | €2,570 | €2,765 | +€195 | +7.6% |
| Other amounts receivable | 41 | €4,008 | €186 | -€3,822 | -95.4% |
| Cash at bank and in hand | 54/58 | €14,031 | €39,126 | +€25,095 | +179% |
| Deferred charges and accrued income | 490/1 | €3,428 | €3,179 | -€249 | -7.3% |
| Total equity and liabilities | 10/49 | €72,670 | €86,849 | +€14,179 | +19.5% |
| Equity | 10/15 | €21,897 | €42,639 | +€20,742 | +94.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €1,437 | €22,179 | +€20,742 | +1,444% |
| Amounts payable | 17/49 | €50,774 | €44,210 | -€6,564 | -12.9% |
| Amounts payable after more than one year | 17 | €32,594 | €24,902 | -€7,692 | -23.6% |
| Financial debts | 170/4 | €32,594 | €24,902 | -€7,692 | -23.6% |
| Amounts payable within one year | 42/48 | €18,180 | €19,308 | +€1,128 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €7,406 | €7,692 | +€286 | +3.9% |
| Trade debts | 44 | €6,139 | €5,576 | -€563 | -9.2% |
| Suppliers | 440/4 | €6,139 | €5,576 | -€563 | -9.2% |
| Taxes, remuneration and social security | 45 | €2,385 | €5,198 | +€2,813 | +118% |
| Taxes | 450/3 | €11 | €1,398 | +€1,387 | +12,530% |
| Remuneration and social security | 454/9 | €2,374 | €3,800 | +€1,426 | +60.1% |
| Other amounts payable | 47/48 | €2,249 | €842 | -€1,408 | -62.6% |
| Remuneration, social security and pensions | 62 | €52,768 | €56,673 | +€3,905 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,499 | €11,201 | +€7,703 | +220% |
| Other operating charges | 640/8 | €829 | €1,180 | +€351 | +42.3% |
| Gross operating margin | 9900 | €56,057 | €92,823 | +€36,766 | +65.6% |
| Operating profit (loss) | 9901 | -€1,039 | €23,768 | +€24,807 | |
| Financial income | 75/76B | €2 | €5 | +€4 | +233% |
| Recurring financial income | 75 | €2 | €5 | +€4 | +233% |
| Financial charges | 65/66B | €531 | €1,738 | +€1,207 | +227% |
| Recurring financial charges | 65 | €531 | €1,738 | +€1,207 | +227% |
| Profit (loss) for the period before taxes | 9903 | -€1,568 | €22,036 | +€23,604 | |
| Income taxes | 67/77 | - | €1,293 | +€1,293 | |
| Profit (loss) for the period | 9904 | -€1,568 | €20,742 | +€22,311 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,568 | €20,742 | +€22,311 |
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 14 October 2026 via checked.be.