RENO-MAR: 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-MAR
Largest movements
- Tangible fixed assets +€37,188
up €37,188 (+117%), from €31,708 to €68,896
- Cash +€23,027
up €23,027 (+61.6%), from €37,377 to €60,404
mainly Debts after one year (+€29,533) and Trade debts (+€26,799)
- Receivables within one year +€6,832
up €6,832 (+12.4%), from €55,103 to €61,935
of which Trade receivables: +€14,797
- Debts after one year +€29,533
up €29,533 (+227%), from €13,012 to €42,545
- Trade debts +€26,799
up €26,799 (+258%), from €10,396 to €37,194
- Profit (loss) carried forward +€14,850
up €14,850 (+60.9%), from €24,373 to €39,223
- Other debts -€13,296
down €13,296 (-29.2%), from €45,500 to €32,204
- Current portion of long-term debt +€5,658
up €5,658 (+62.4%), from €9,070 to €14,729
- Gross operating margin +€17,368
up €17,368 (+78.2%), from €22,223 to €39,591
- Taxes +€6,547
up €6,547 (+214%), from €3,065 to €9,612
- Depreciation +€4,965
up €4,965 (+63.7%), from €7,790 to €12,755
- Financial income -€969
down €969 (-80.5%), from €1,204 to €235
- Financial charges +€661
up €661 (+50.4%), from €1,311 to €1,972
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 | €125,393 | €193,334 | +€67,941 | +54.2% |
| Fixed assets | 21/28 | €32,208 | €69,396 | +€37,188 | +115% |
| Tangible fixed assets | 22/27 | €31,708 | €68,896 | +€37,188 | +117% |
| Furniture and vehicles | 24 | €31,708 | €68,896 | +€37,188 | +117% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €93,186 | €123,939 | +€30,753 | +33.0% |
| Amounts receivable within one year | 40/41 | €55,103 | €61,935 | +€6,832 | +12.4% |
| Trade receivables | 40 | €40,402 | €55,199 | +€14,797 | +36.6% |
| Other amounts receivable | 41 | €14,701 | €6,735 | -€7,966 | -54.2% |
| Cash at bank and in hand | 54/58 | €37,377 | €60,404 | +€23,027 | +61.6% |
| Deferred charges and accrued income | 490/1 | €706 | €1,601 | +€895 | +127% |
| Total equity and liabilities | 10/49 | €125,393 | €193,334 | +€67,941 | +54.2% |
| Equity | 10/15 | €38,633 | €53,483 | +€14,850 | +38.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,373 | €39,223 | +€14,850 | +60.9% |
| Amounts payable | 17/49 | €86,760 | €139,851 | +€53,091 | +61.2% |
| Amounts payable after more than one year | 17 | €13,012 | €42,545 | +€29,533 | +227% |
| Financial debts | 170/4 | €13,012 | €42,545 | +€29,533 | +227% |
| Amounts payable within one year | 42/48 | €73,748 | €97,306 | +€23,558 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €9,070 | €14,729 | +€5,658 | +62.4% |
| Trade debts | 44 | €10,396 | €37,194 | +€26,799 | +258% |
| Suppliers | 440/4 | €10,396 | €37,194 | +€26,799 | +258% |
| Taxes, remuneration and social security | 45 | €8,782 | €13,180 | +€4,397 | +50.1% |
| Taxes | 450/3 | €6,440 | €13,180 | +€6,740 | +105% |
| Remuneration and social security | 454/9 | €2,343 | - | -€2,343 | |
| Other amounts payable | 47/48 | €45,500 | €32,204 | -€13,296 | -29.2% |
| Non-recurring operating income | 76A | - | €219 | +€219 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,790 | €12,755 | +€4,965 | +63.7% |
| Other operating charges | 640/8 | €387 | €637 | +€250 | +64.5% |
| Gross operating margin | 9900 | €22,223 | €39,591 | +€17,368 | +78.2% |
| Operating profit (loss) | 9901 | €14,046 | €26,199 | +€12,153 | +86.5% |
| Financial income | 75/76B | €1,204 | €235 | -€969 | -80.5% |
| Recurring financial income | 75 | €1,204 | €235 | -€969 | -80.5% |
| Financial charges | 65/66B | €1,311 | €1,972 | +€661 | +50.4% |
| Recurring financial charges | 65 | €1,311 | €1,972 | +€661 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | €13,939 | €24,462 | +€10,524 | +75.5% |
| Income taxes | 67/77 | €3,065 | €9,612 | +€6,547 | +214% |
| Profit (loss) for the period | 9904 | €10,873 | €14,850 | +€3,976 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,873 | €14,850 | +€3,976 | +36.6% |
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 30 October 2026 via checked.be.