Reno-Lifting Construct: 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-Lifting Construct
Largest movements
- Cash -€18,301
down €18,301 (-37.9%), from €48,270 to €29,969
mainly Debts after one year (-€20,192) and Receivables within one year (-€7,539)
- Tangible fixed assets -€12,105
down €12,105 (-48.8%), from €24,826 to €12,721
of which Plant, machinery and equipment: -€6,987
- Receivables within one year +€7,539
up €7,539 (+81.1%), from €9,292 to €16,831
of which Trade receivables: +€4,022
- Deferred charges and accrued income -€2,385
down €2,385 (-49.2%), from €4,845 to €2,460
- Debts after one year -€20,192
down €20,192 (-19.3%), from €104,889 to €84,697
- Trade debts -€3,952
down €3,952 (-43.2%), from €9,158 to €5,206
- Gross operating margin +€997
up €997 (+4.6%), from €21,584 to €22,581
- Other operating charges -€719
down €719 (-21.7%), from €3,315 to €2,595
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 | €87,232 | €61,981 | -€25,251 | -28.9% |
| Fixed assets | 21/28 | €24,826 | €12,721 | -€12,105 | -48.8% |
| Tangible fixed assets | 22/27 | €24,826 | €12,721 | -€12,105 | -48.8% |
| Plant, machinery and equipment | 23 | €12,313 | €5,326 | -€6,987 | -56.7% |
| Furniture and vehicles | 24 | €12,513 | €7,395 | -€5,118 | -40.9% |
| Current assets | 29/58 | €62,407 | €49,260 | -€13,146 | -21.1% |
| Amounts receivable within one year | 40/41 | €9,292 | €16,831 | +€7,539 | +81.1% |
| Trade receivables | 40 | €7,121 | €11,142 | +€4,022 | +56.5% |
| Other amounts receivable | 41 | €2,171 | €5,689 | +€3,517 | +162.0% |
| Cash at bank and in hand | 54/58 | €48,270 | €29,969 | -€18,301 | -37.9% |
| Deferred charges and accrued income | 490/1 | €4,845 | €2,460 | -€2,385 | -49.2% |
| Total equity and liabilities | 10/49 | €87,232 | €61,981 | -€25,251 | -28.9% |
| Equity | 10/15 | -€27,560 | -€28,251 | -€692 | -2.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,560 | -€33,251 | -€692 | -2.1% |
| Amounts payable | 17/49 | €114,792 | €90,233 | -€24,559 | -21.4% |
| Amounts payable after more than one year | 17 | €104,889 | €84,697 | -€20,192 | -19.3% |
| Financial debts | 170/4 | €104,889 | €84,697 | -€20,192 | -19.3% |
| Amounts payable within one year | 42/48 | €9,743 | €5,536 | -€4,207 | -43.2% |
| Trade debts | 44 | €9,158 | €5,206 | -€3,952 | -43.2% |
| Suppliers | 440/4 | €9,158 | €5,206 | -€3,952 | -43.2% |
| Taxes, remuneration and social security | 45 | €585 | €330 | -€255 | -43.6% |
| Taxes | 450/3 | €585 | €330 | -€255 | -43.6% |
| Accrued charges and deferred income | 492/3 | €160 | - | -€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,007 | €12,105 | +€98 | +0.8% |
| Other operating charges | 640/8 | €3,315 | €2,595 | -€719 | -21.7% |
| Non-recurring operating charges | 66A | €8,250 | - | -€8,250 | |
| Gross operating margin | 9900 | €21,584 | €22,581 | +€997 | +4.6% |
| Operating profit (loss) | 9901 | -€1,988 | €7,881 | +€9,869 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €8,124 | €8,291 | +€167 | +2.1% |
| Recurring financial charges | 65 | €7,998 | €8,165 | +€167 | +2.1% |
| Non-recurring financial charges | 66B | €126 | €127 | +€1 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,112 | -€408 | +€9,704 | +96.0% |
| Income taxes | 67/77 | €330 | €284 | -€46 | -14.1% |
| Profit (loss) for the period | 9904 | -€10,442 | -€692 | +€9,750 | +93.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,442 | -€692 | +€9,750 | +93.4% |
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 2 October 2026 via checked.be.