RENO-MAS: 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-MAS
Largest movements
- Cash +€24,410
up €24,410 (+122%), from €19,964 to €44,374
mainly Trade debts (+€12,467) and Depreciation (+€12,250)
- Tangible fixed assets +€6,759
up €6,759 (+51.8%), from €13,048 to €19,807
of which Furniture and vehicles: +€7,804
- Receivables within one year -€3,567
down €3,567 (-1.6%), from €216,490 to €212,923
of which Trade receivables: -€8,116
- Profit (loss) carried forward +€15,626
up €15,626 (+12.0%), from €130,666 to €146,292
- Trade debts +€12,467
up €12,467 (+13.4%), from €92,983 to €105,450
- Gross operating margin +€9,873
up €9,873 (+58.9%), from €16,769 to €26,642
- Other operating charges -€2,894
down €2,894 (-63.0%), from €4,591 to €1,697
- Financial income -€2,290
down €2,290 (-95.9%), from €2,387 to €97
- Taxes +€2,187
up €2,187 (+197%), from €1,112 to €3,298
- Depreciation +€2,042
up €2,042 (+20.0%), from €10,208 to €12,250
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 | €250,401 | €278,008 | +€27,607 | +11.0% |
| Fixed assets | 21/28 | €13,544 | €20,303 | +€6,759 | +49.9% |
| Tangible fixed assets | 22/27 | €13,048 | €19,807 | +€6,759 | +51.8% |
| Plant, machinery and equipment | 23 | €1,938 | €893 | -€1,045 | -53.9% |
| Furniture and vehicles | 24 | €11,110 | €18,914 | +€7,804 | +70.2% |
| Financial fixed assets | 28 | €496 | €496 | = | 0.0% |
| Current assets | 29/58 | €236,858 | €257,705 | +€20,847 | +8.8% |
| Amounts receivable within one year | 40/41 | €216,490 | €212,923 | -€3,567 | -1.6% |
| Trade receivables | 40 | €185,303 | €177,187 | -€8,116 | -4.4% |
| Other amounts receivable | 41 | €31,187 | €35,736 | +€4,550 | +14.6% |
| Cash at bank and in hand | 54/58 | €19,964 | €44,374 | +€24,410 | +122% |
| Deferred charges and accrued income | 490/1 | €405 | €408 | +€4 | +0.9% |
| Total equity and liabilities | 10/49 | €250,401 | €278,008 | +€27,607 | +11.0% |
| Equity | 10/15 | €140,666 | €156,292 | +€15,626 | +11.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,666 | €146,292 | +€15,626 | +12.0% |
| Amounts payable | 17/49 | €109,735 | €121,716 | +€11,981 | +10.9% |
| Amounts payable within one year | 42/48 | €109,735 | €121,716 | +€11,981 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | - | €833 | +€833 | |
| Trade debts | 44 | €92,983 | €105,450 | +€12,467 | +13.4% |
| Suppliers | 440/4 | €92,983 | €105,450 | +€12,467 | +13.4% |
| Taxes, remuneration and social security | 45 | €16,753 | €15,433 | -€1,320 | -7.9% |
| Taxes | 450/3 | €16,753 | €12,433 | -€4,320 | -25.8% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Non-recurring operating income | 76A | - | €19,177 | +€19,177 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,208 | €12,250 | +€2,042 | +20.0% |
| Other operating charges | 640/8 | €4,591 | €1,697 | -€2,894 | -63.0% |
| Gross operating margin | 9900 | €16,769 | €26,642 | +€9,873 | +58.9% |
| Operating profit (loss) | 9901 | €1,969 | €12,695 | +€10,726 | +545% |
| Financial income | 75/76B | €2,387 | €97 | -€2,290 | -95.9% |
| Recurring financial income | 75 | €2,387 | €97 | -€2,290 | -95.9% |
| Financial charges | 65/66B | €1,479 | €599 | -€880 | -59.5% |
| Recurring financial charges | 65 | €1,479 | €599 | -€880 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | €2,877 | €12,193 | +€9,315 | +324% |
| Income taxes | 67/77 | €1,112 | €3,298 | +€2,187 | +197% |
| Profit (loss) for the period | 9904 | €1,766 | €8,894 | +€7,129 | +404% |
| Profit (loss) for the period to be appropriated | 9905 | €1,766 | €8,894 | +€7,129 | +404% |
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 27 October 2026 via checked.be.