Reno-Levin: 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-Levin
Largest movements
- Receivables within one year -€40,251
down €40,251 (-80.5%), from €49,972 to €9,720
of which Other amounts receivable: -€35,463
- Cash -€18,424
down €18,424 (-37.5%), from €49,110 to €30,686
mainly Contributions, distributions and other (-€60,000) and Investment in fixed assets (net) (-€15,257)
- Tangible fixed assets +€12,887
up €12,887 (+413%), from €3,123 to €16,010
- Reserves -€52,172
down €52,172 (-56.1%), from €93,009 to €40,836
- Other debts +€6,923
new in 2025: €6,923
- Gross operating margin -€44,090
down €44,090 (-73.8%), from €59,759 to €15,669
- Taxes -€9,261
down €9,261 (-73.3%), from €12,641 to €3,380
- Financial income -€2,179
down €2,179 (-100.0%), from €2,179 to €0
- Depreciation +€1,182
up €1,182 (+99.5%), from €1,188 to €2,370
- Other operating charges -€1,064
down €1,064 (-51.1%), from €2,084 to €1,020
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 | €103,742 | €57,564 | -€46,178 | -44.5% |
| Fixed assets | 21/28 | €3,123 | €16,010 | +€12,887 | +413% |
| Tangible fixed assets | 22/27 | €3,123 | €16,010 | +€12,887 | +413% |
| Land and buildings | 22 | - | €4,895 | +€4,895 | |
| Plant, machinery and equipment | 23 | - | €2,320 | +€2,320 | |
| Furniture and vehicles | 24 | €3,123 | €8,795 | +€5,672 | +182% |
| Current assets | 29/58 | €100,620 | €41,554 | -€59,066 | -58.7% |
| Stocks and contracts in progress | 3 | €860 | €787 | -€73 | -8.5% |
| Stocks | 30/36 | €860 | €787 | -€73 | -8.5% |
| Amounts receivable within one year | 40/41 | €49,972 | €9,720 | -€40,251 | -80.5% |
| Trade receivables | 40 | €5,878 | €1,089 | -€4,789 | -81.5% |
| Other amounts receivable | 41 | €44,094 | €8,631 | -€35,463 | -80.4% |
| Cash at bank and in hand | 54/58 | €49,110 | €30,686 | -€18,424 | -37.5% |
| Deferred charges and accrued income | 490/1 | €678 | €360 | -€317 | -46.8% |
| Total equity and liabilities | 10/49 | €103,742 | €57,564 | -€46,178 | -44.5% |
| Equity | 10/15 | €95,009 | €42,836 | -€52,172 | -54.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €93,009 | €40,836 | -€52,172 | -56.1% |
| Distributable reserves | 133 | €93,009 | €40,836 | -€52,172 | -56.1% |
| Amounts payable | 17/49 | €8,733 | €14,727 | +€5,994 | +68.6% |
| Amounts payable within one year | 42/48 | €8,733 | €14,727 | +€5,994 | +68.6% |
| Trade debts | 44 | €4,293 | €3,535 | -€758 | -17.6% |
| Suppliers | 440/4 | €4,293 | €3,535 | -€758 | -17.6% |
| Taxes, remuneration and social security | 45 | €4,440 | €4,269 | -€172 | -3.9% |
| Taxes | 450/3 | €141 | - | -€141 | |
| Remuneration and social security | 454/9 | €4,299 | €4,269 | -€31 | -0.7% |
| Other amounts payable | 47/48 | - | €6,923 | +€6,923 | |
| Non-recurring operating income | 76A | - | €6,089 | +€6,089 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,188 | €2,370 | +€1,182 | +99.5% |
| Other operating charges | 640/8 | €2,084 | €1,020 | -€1,064 | -51.1% |
| Non-recurring operating charges | 66A | €211 | - | -€211 | |
| Gross operating margin | 9900 | €59,759 | €15,669 | -€44,090 | -73.8% |
| Operating profit (loss) | 9901 | €56,276 | €12,279 | -€43,997 | -78.2% |
| Financial income | 75/76B | €2,179 | €0 | -€2,179 | -100.0% |
| Recurring financial income | 75 | €2,179 | €0 | -€2,179 | -100.0% |
| Financial charges | 65/66B | €1,100 | €1,072 | -€28 | -2.5% |
| Recurring financial charges | 65 | €1,100 | €1,072 | -€28 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €57,355 | €11,207 | -€46,148 | -80.5% |
| Income taxes | 67/77 | €12,641 | €3,380 | -€9,261 | -73.3% |
| Profit (loss) for the period | 9904 | €44,714 | €7,828 | -€36,887 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,714 | €7,828 | -€36,887 | -82.5% |
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 19 October 2026 via checked.be.