@RENO_ARTS: 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_ARTS
Largest movements
- Receivables within one year -€83,934
down €83,934 (-89.7%), from €93,531 to €9,597
of which Trade receivables: -€80,888
- Cash +€25,189
up €25,189 (+130%), from €19,346 to €44,535
mainly Receivables within one year (+€83,934) and Investment in fixed assets (net) (+€14,053)
- Tangible fixed assets -€17,594
down €17,594 (-71.4%), from €24,643 to €7,049
- Stocks and contracts +€16,300
new in 2025: €16,300
- Trade debts -€34,388
down €34,388 (-80.6%), from €42,647 to €8,260
- Other debts -€17,856
down €17,856 (-87.5%), from €20,408 to €2,552
- Profit (loss) carried forward -€17,747
down €17,747 (-38.6%), from €46,026 to €28,279
- Advances received +€12,529
new in 2025: €12,529
- Tax, wage and social debts +€5,882
up €5,882 (+118%), from €4,975 to €10,857
of which Taxes: +€3,782
- Gross operating margin -€78,594
down €78,594, from €76,183 to -€2,411
- Taxes -€14,443
down €14,443 (-99.1%), from €14,575 to €132
- Depreciation -€5,419
down €5,419 (-60.5%), from €8,959 to €3,540
- Other operating charges -€1,382
down €1,382 (-38.2%), from €3,618 to €2,236
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 | €139,999 | €79,961 | -€60,038 | -42.9% |
| Fixed assets | 21/28 | €27,123 | €9,529 | -€17,594 | -64.9% |
| Tangible fixed assets | 22/27 | €24,643 | €7,049 | -€17,594 | -71.4% |
| Furniture and vehicles | 24 | €24,643 | €7,049 | -€17,594 | -71.4% |
| Financial fixed assets | 28 | €2,480 | €2,480 | = | 0.0% |
| Current assets | 29/58 | €112,877 | €70,432 | -€42,444 | -37.6% |
| Stocks and contracts in progress | 3 | - | €16,300 | +€16,300 | |
| Stocks | 30/36 | - | €16,300 | +€16,300 | |
| Amounts receivable within one year | 40/41 | €93,531 | €9,597 | -€83,934 | -89.7% |
| Trade receivables | 40 | €82,617 | €1,729 | -€80,888 | -97.9% |
| Other amounts receivable | 41 | €10,914 | €7,868 | -€3,046 | -27.9% |
| Cash at bank and in hand | 54/58 | €19,346 | €44,535 | +€25,189 | +130% |
| Total equity and liabilities | 10/49 | €139,999 | €79,961 | -€60,038 | -42.9% |
| Equity | 10/15 | €46,526 | €28,779 | -€17,747 | -38.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,026 | €28,279 | -€17,747 | -38.6% |
| Amounts payable | 17/49 | €93,473 | €51,182 | -€42,291 | -45.2% |
| Amounts payable after more than one year | 17 | €8,984 | €4,371 | -€4,614 | -51.4% |
| Financial debts | 170/4 | €8,984 | €4,371 | -€4,614 | -51.4% |
| Amounts payable within one year | 42/48 | €84,488 | €46,811 | -€37,677 | -44.6% |
| Current portion of amounts payable after more than one year | 42 | €4,458 | €4,614 | +€156 | +3.5% |
| Financial debts | 43 | €12,000 | €8,000 | -€4,000 | -33.3% |
| Other loans | 439 | €12,000 | €8,000 | -€4,000 | -33.3% |
| Trade debts | 44 | €42,647 | €8,260 | -€34,388 | -80.6% |
| Suppliers | 440/4 | €42,647 | €8,260 | -€34,388 | -80.6% |
| Advances received on contracts in progress | 46 | - | €12,529 | +€12,529 | |
| Taxes, remuneration and social security | 45 | €4,975 | €10,857 | +€5,882 | +118% |
| Taxes | 450/3 | €4,975 | €8,757 | +€3,782 | +76.0% |
| Remuneration and social security | 454/9 | - | €2,100 | +€2,100 | |
| Other amounts payable | 47/48 | €20,408 | €2,552 | -€17,856 | -87.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,959 | €3,540 | -€5,419 | -60.5% |
| Other operating charges | 640/8 | €3,618 | €2,236 | -€1,382 | -38.2% |
| Non-recurring operating charges | 66A | - | €8,268 | +€8,268 | |
| Gross operating margin | 9900 | €76,183 | -€2,411 | -€78,594 | |
| Operating profit (loss) | 9901 | €63,606 | -€16,455 | -€80,061 | |
| Financial income | 75/76B | €769 | €14 | -€755 | -98.2% |
| Recurring financial income | 75 | €769 | €14 | -€755 | -98.2% |
| Financial charges | 65/66B | €1,242 | €1,174 | -€68 | -5.5% |
| Recurring financial charges | 65 | €1,242 | €1,174 | -€68 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €63,133 | -€17,615 | -€80,748 | |
| Income taxes | 67/77 | €14,575 | €132 | -€14,443 | -99.1% |
| Profit (loss) for the period | 9904 | €48,558 | -€17,747 | -€66,305 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,558 | -€17,747 | -€66,305 |
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 29 October 2026 via checked.be.