RENO+: 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.
RENO+
Largest movements
- Tangible fixed assets +€231,364
up €231,364 (+644.9%), from €35,874 to €267,238
of which Land and buildings: +€235,571
- Receivables within one year +€32,761
up €32,761 (+157.2%), from €20,839 to €53,600
of which Other amounts receivable: +€42,767
- Cash +€30,471
up €30,471 (+282.1%), from €10,801 to €41,272
mainly Debts after one year (+€197,518) and Other debts (+€58,385)
- Debts after one year +€197,518
up €197,518 (+3108.6%), from €6,354 to €203,872
- Other debts +€58,385
up €58,385 (+1510.2%), from €3,866 to €62,251
- Profit (loss) carried forward +€38,068
up €38,068 (+120.6%), from €31,573 to €69,641
- Tax, wage and social debts +€5,688
up €5,688 (+422.3%), from €1,347 to €7,035
of which Taxes: +€3,781
- Trade debts -€5,456
down €5,456 (-67.5%), from €8,079 to €2,623
- Gross operating margin +€89,111
up €89,111 (+446.8%), from €19,945 to €109,056
- Staff costs +€40,026
up €40,026, from €0 to €40,026
- Taxes +€9,728
up €9,728 (+709.8%), from €1,370 to €11,099
- Financial charges -€1,533
down €1,533 (-42.3%), from €3,621 to €2,088
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 | €71,045 | €368,280 | +€297,236 | +418.4% |
| Formation expenses | 20 | €11 | €0 | -€11 | -100.0% |
| Fixed assets | 21/28 | €35,874 | €267,238 | +€231,364 | +644.9% |
| Tangible fixed assets | 22/27 | €35,874 | €267,238 | +€231,364 | +644.9% |
| Land and buildings | 22 | €10,183 | €245,754 | +€235,571 | +2313.5% |
| Plant, machinery and equipment | 23 | €3,435 | €1,205 | -€2,230 | -64.9% |
| Furniture and vehicles | 24 | €22,256 | €20,279 | -€1,977 | -8.9% |
| Current assets | 29/58 | €35,159 | €101,042 | +€65,883 | +187.4% |
| Stocks and contracts in progress | 3 | €3,519 | €5,858 | +€2,339 | +66.5% |
| Stocks | 30/36 | €3,519 | €5,858 | +€2,339 | +66.5% |
| Amounts receivable within one year | 40/41 | €20,839 | €53,600 | +€32,761 | +157.2% |
| Trade receivables | 40 | €14,040 | €4,033 | -€10,007 | -71.3% |
| Other amounts receivable | 41 | €6,799 | €49,567 | +€42,767 | +629.0% |
| Cash at bank and in hand | 54/58 | €10,801 | €41,272 | +€30,471 | +282.1% |
| Deferred charges and accrued income | 490/1 | - | €312 | +€312 | |
| Total equity and liabilities | 10/49 | €71,045 | €368,280 | +€297,236 | +418.4% |
| Equity | 10/15 | €34,573 | €72,641 | +€38,068 | +110.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,573 | €69,641 | +€38,068 | +120.6% |
| Amounts payable | 17/49 | €36,472 | €295,640 | +€259,168 | +710.6% |
| Amounts payable after more than one year | 17 | €6,354 | €203,872 | +€197,518 | +3108.6% |
| Financial debts | 170/4 | €6,354 | €203,872 | +€197,518 | +3108.6% |
| Amounts payable within one year | 42/48 | €30,118 | €91,767 | +€61,650 | +204.7% |
| Current portion of amounts payable after more than one year | 42 | €16,826 | €19,858 | +€3,032 | +18.0% |
| Trade debts | 44 | €8,079 | €2,623 | -€5,456 | -67.5% |
| Suppliers | 440/4 | €8,079 | €2,623 | -€5,456 | -67.5% |
| Taxes, remuneration and social security | 45 | €1,347 | €7,035 | +€5,688 | +422.3% |
| Taxes | 450/3 | €1,347 | €5,128 | +€3,781 | +280.6% |
| Remuneration and social security | 454/9 | - | €1,908 | +€1,908 | |
| Other amounts payable | 47/48 | €3,866 | €62,251 | +€58,385 | +1510.2% |
| Remuneration, social security and pensions | 62 | €0 | €40,026 | +€40,026 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,896 | €17,247 | +€351 | +2.1% |
| Other operating charges | 640/8 | €805 | €810 | +€5 | +0.6% |
| Gross operating margin | 9900 | €19,945 | €109,056 | +€89,111 | +446.8% |
| Operating profit (loss) | 9901 | €2,244 | €50,973 | +€48,729 | +2171.3% |
| Financial income | 75/76B | €692 | €281 | -€411 | -59.4% |
| Recurring financial income | 75 | €692 | €281 | -€411 | -59.4% |
| Financial charges | 65/66B | €3,621 | €2,088 | -€1,533 | -42.3% |
| Recurring financial charges | 65 | €3,621 | €2,088 | -€1,533 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | -€685 | €49,166 | +€49,851 | |
| Income taxes | 67/77 | €1,370 | €11,099 | +€9,728 | +709.8% |
| Profit (loss) for the period | 9904 | -€2,055 | €38,068 | +€40,123 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,055 | €38,068 | +€40,123 |
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 4 October 2026 via checked.be.