RENO FLEER: 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 FLEER
Largest movements
- Tangible fixed assets -€24,276
down €24,276 (-18.7%), from €129,532 to €105,256
- Receivables within one year -€19,110
down €19,110 (-84.1%), from €22,711 to €3,601
of which Trade receivables: -€20,937
- Stocks and contracts +€7,688
up €7,688 (+39.1%), from €19,650 to €27,338
of which Contracts in progress: +€6,938
- Profit (loss) carried forward -€23,875
down €23,875 (-49.8%), from €47,936 to €24,062
- Debts after one year -€19,246
down €19,246 (-44.3%), from €43,485 to €24,239
- Other debts +€6,488
up €6,488 (+10.6%), from €60,947 to €67,435
- Trade debts -€3,246
down €3,246 (-38.7%), from €8,390 to €5,144
- Advances received +€2,031
new in 2025: €2,031
- Gross operating margin -€26,715
down €26,715 (-66.4%), from €40,231 to €13,517
- Depreciation +€1,518
up €1,518 (+4.7%), from €32,300 to €33,817
- Financial charges -€840
down €840 (-23.8%), from €3,526 to €2,686
- Taxes -€478
down €478 (-73.3%), from €651 to €174
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 | €186,026 | €148,520 | -€37,506 | -20.2% |
| Fixed assets | 21/28 | €129,532 | €105,256 | -€24,276 | -18.7% |
| Tangible fixed assets | 22/27 | €129,532 | €105,256 | -€24,276 | -18.7% |
| Plant, machinery and equipment | 23 | €41,121 | €34,623 | -€6,498 | -15.8% |
| Furniture and vehicles | 24 | €35,139 | €24,542 | -€10,597 | -30.2% |
| Other tangible fixed assets | 26 | €53,271 | €46,091 | -€7,180 | -13.5% |
| Current assets | 29/58 | €56,494 | €43,264 | -€13,230 | -23.4% |
| Stocks and contracts in progress | 3 | €19,650 | €27,338 | +€7,688 | +39.1% |
| Stocks | 30/36 | €9,750 | €10,500 | +€750 | +7.7% |
| Contracts in progress | 37 | €9,900 | €16,838 | +€6,938 | +70.1% |
| Amounts receivable within one year | 40/41 | €22,711 | €3,601 | -€19,110 | -84.1% |
| Trade receivables | 40 | €21,259 | €322 | -€20,937 | -98.5% |
| Other amounts receivable | 41 | €1,452 | €3,279 | +€1,828 | +126% |
| Cash at bank and in hand | 54/58 | €12,042 | €10,399 | -€1,643 | -13.6% |
| Deferred charges and accrued income | 490/1 | €2,092 | €1,926 | -€165 | -7.9% |
| Total equity and liabilities | 10/49 | €186,026 | €148,520 | -€37,506 | -20.2% |
| Equity | 10/15 | €54,136 | €30,262 | -€23,875 | -44.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,936 | €24,062 | -€23,875 | -49.8% |
| Amounts payable | 17/49 | €131,890 | €118,259 | -€13,632 | -10.3% |
| Amounts payable after more than one year | 17 | €43,485 | €24,239 | -€19,246 | -44.3% |
| Financial debts | 170/4 | €43,485 | €24,239 | -€19,246 | -44.3% |
| Amounts payable within one year | 42/48 | €88,405 | €94,020 | +€5,614 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €18,371 | €19,246 | +€875 | +4.8% |
| Trade debts | 44 | €8,390 | €5,144 | -€3,246 | -38.7% |
| Suppliers | 440/4 | €8,390 | €5,144 | -€3,246 | -38.7% |
| Advances received on contracts in progress | 46 | - | €2,031 | +€2,031 | |
| Taxes, remuneration and social security | 45 | €697 | €164 | -€533 | -76.5% |
| Taxes | 450/3 | €697 | €164 | -€533 | -76.5% |
| Other amounts payable | 47/48 | €60,947 | €67,435 | +€6,488 | +10.6% |
| Non-recurring operating income | 76A | €6,419 | €0 | -€6,419 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,300 | €33,817 | +€1,518 | +4.7% |
| Other operating charges | 640/8 | €749 | €747 | -€3 | -0.4% |
| Non-recurring operating charges | 66A | €1,631 | €0 | -€1,631 | -100% |
| Gross operating margin | 9900 | €40,231 | €13,517 | -€26,715 | -66.4% |
| Operating profit (loss) | 9901 | €5,551 | -€21,047 | -€26,598 | |
| Financial income | 75/76B | €46 | €32 | -€14 | -30.1% |
| Recurring financial income | 75 | €46 | €32 | -€14 | -30.1% |
| Financial charges | 65/66B | €3,526 | €2,686 | -€840 | -23.8% |
| Recurring financial charges | 65 | €3,526 | €2,686 | -€840 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €2,071 | -€23,701 | -€25,772 | |
| Income taxes | 67/77 | €651 | €174 | -€478 | -73.3% |
| Profit (loss) for the period | 9904 | €1,420 | -€23,875 | -€25,295 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,420 | -€23,875 | -€25,295 |
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 16 October 2026 via checked.be.