RENO-D: 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-D
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€63
up €63 (+14.4%), from -€435 to -€372
- Other operating charges -€38
down €38 (-8.6%), from €437 to €400
- Financial income -€21
no longer reported in 2025 (was €21)
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 | €108,887 | €108,031 | -€856 | -0.8% |
| Current assets | 29/58 | €108,887 | €108,031 | -€856 | -0.8% |
| Amounts receivable within one year | 40/41 | €101,130 | €100,047 | -€1,083 | -1.1% |
| Trade receivables | 40 | €25,047 | - | -€25,047 | |
| Other amounts receivable | 41 | €76,083 | €100,047 | +€23,964 | +31.5% |
| Cash at bank and in hand | 54/58 | €7,757 | €7,984 | +€227 | +2.9% |
| Total equity and liabilities | 10/49 | €108,887 | €108,031 | -€856 | -0.8% |
| Equity | 10/15 | €108,887 | €108,031 | -€856 | -0.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €91,273 | €91,273 | = | 0.0% |
| Distributable reserves | 133 | €91,273 | €91,273 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€936 | -€1,792 | -€856 | -91.5% |
| Other operating charges | 640/8 | €437 | €400 | -€38 | -8.6% |
| Gross operating margin | 9900 | -€435 | -€372 | +€63 | +14.4% |
| Operating profit (loss) | 9901 | -€873 | -€772 | +€101 | +11.5% |
| Financial income | 75/76B | €21 | - | -€21 | |
| Recurring financial income | 75 | €21 | - | -€21 | |
| Financial charges | 65/66B | €84 | €84 | +€0 | +0.1% |
| Recurring financial charges | 65 | €84 | €84 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€936 | -€856 | +€79 | +8.5% |
| Profit (loss) for the period | 9904 | -€936 | -€856 | +€79 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€936 | -€856 | +€79 | +8.5% |
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 6 October 2026 via checked.be.