Reno-Flex: 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-Flex
Largest movements
- Receivables within one year -€208,366
down €208,366 (-86.9%), from €239,685 to €31,319
of which Trade receivables: -€202,810
- Cash -€57,118
down €57,118 (-57.1%), from €100,054 to €42,936
mainly Trade debts (-€172,164) and Net result for the year (-€68,119)
- Tangible fixed assets -€11,546
down €11,546 (-32.2%), from €35,876 to €24,329
of which Furniture and vehicles: -€13,103
- Trade debts -€172,164
down €172,164 (-73.4%), from €234,406 to €62,242
- Profit (loss) carried forward -€68,119
down €68,119 (-13.3%), from €511,964 to €443,846
- Advances received -€29,790
no longer reported in 2025 (was €29,790)
- Tax, wage and social debts -€8,321
down €8,321 (-35.9%), from €23,195 to €14,875
of which Remuneration and social security: -€5,834
- Gross operating margin -€139,560
down €139,560, from €35,912 to -€103,648
- Financial income +€94,275
up €94,275 (+824.8%), from €11,430 to €105,705
of which Non-recurring financial income: +€95,038
- Depreciation -€22,700
down €22,700 (-60.5%), from €37,552 to €14,851
- Taxes -€19,165
down €19,165 (-29.8%), from €64,352 to €45,187
- Write-downs +€3,700
new in 2025: €3,700
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 | €825,214 | €549,264 | -€275,950 | -33.4% |
| Fixed assets | 21/28 | €35,876 | €24,329 | -€11,546 | -32.2% |
| Tangible fixed assets | 22/27 | €35,876 | €24,329 | -€11,546 | -32.2% |
| Plant, machinery and equipment | 23 | €1,502 | €3,059 | +€1,557 | +103.7% |
| Furniture and vehicles | 24 | €34,374 | €21,271 | -€13,103 | -38.1% |
| Current assets | 29/58 | €789,338 | €524,935 | -€264,404 | -33.5% |
| Amounts receivable after more than one year | 29 | €449,600 | €449,600 | = | 0.0% |
| Other amounts receivable | 291 | €449,600 | €449,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €239,685 | €31,319 | -€208,366 | -86.9% |
| Trade receivables | 40 | €228,221 | €25,411 | -€202,810 | -88.9% |
| Other amounts receivable | 41 | €11,464 | €5,908 | -€5,556 | -48.5% |
| Cash at bank and in hand | 54/58 | €100,054 | €42,936 | -€57,118 | -57.1% |
| Deferred charges and accrued income | 490/1 | - | €1,080 | +€1,080 | |
| Total equity and liabilities | 10/49 | €825,214 | €549,264 | -€275,950 | -33.4% |
| Equity | 10/15 | €522,964 | €454,846 | -€68,119 | -13.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €511,964 | €443,846 | -€68,119 | -13.3% |
| Amounts payable | 17/49 | €302,250 | €94,418 | -€207,831 | -68.8% |
| Amounts payable within one year | 42/48 | €302,250 | €94,418 | -€207,831 | -68.8% |
| Trade debts | 44 | €234,406 | €62,242 | -€172,164 | -73.4% |
| Suppliers | 440/4 | €234,406 | €62,242 | -€172,164 | -73.4% |
| Advances received on contracts in progress | 46 | €29,790 | - | -€29,790 | |
| Taxes, remuneration and social security | 45 | €23,195 | €14,875 | -€8,321 | -35.9% |
| Taxes | 450/3 | €4,073 | €1,586 | -€2,487 | -61.1% |
| Remuneration and social security | 454/9 | €19,123 | €13,289 | -€5,834 | -30.5% |
| Other amounts payable | 47/48 | €14,859 | €17,302 | +€2,443 | +16.4% |
| Non-recurring operating income | 76A | €5,727 | - | -€5,727 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,552 | €14,851 | -€22,700 | -60.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,700 | +€3,700 | |
| Other operating charges | 640/8 | €2,601 | €5,884 | +€3,283 | +126.2% |
| Non-recurring operating charges | 66A | €1,552 | - | -€1,552 | |
| Gross operating margin | 9900 | €35,912 | -€103,648 | -€139,560 | |
| Operating profit (loss) | 9901 | -€5,792 | -€128,083 | -€122,290 | -2111.2% |
| Financial income | 75/76B | €11,430 | €105,705 | +€94,275 | +824.8% |
| Recurring financial income | 75 | €770 | €7 | -€763 | -99.0% |
| Non-recurring financial income | 76B | €10,660 | €105,698 | +€95,038 | +891.5% |
| Financial charges | 65/66B | €296 | €554 | +€258 | +87.0% |
| Recurring financial charges | 65 | €296 | €554 | +€258 | +87.0% |
| Profit (loss) for the period before taxes | 9903 | €5,342 | -€22,932 | -€28,273 | |
| Income taxes | 67/77 | €64,352 | €45,187 | -€19,165 | -29.8% |
| Profit (loss) for the period | 9904 | -€59,010 | -€68,119 | -€9,108 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,010 | -€68,119 | -€9,108 | -15.4% |
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 12 October 2026 via checked.be.