RENO NOWAK: 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 NOWAK
Largest movements
- Receivables within one year -€25,109
down €25,109 (-57.0%), from €44,086 to €18,977
of which Trade receivables: -€22,061
- Deferred charges and accrued income -€2,365
down €2,365 (-16.6%), from €14,253 to €11,888
- Tangible fixed assets -€2,194
down €2,194 (-27.7%), from €7,911 to €5,717
of which Furniture and vehicles: -€1,594
- Profit (loss) carried forward -€37,764
down €37,764 (-80.3%), from €47,029 to €9,265
- Short-term financial debts +€8,839
up €8,839 (+1,199%), from €737 to €9,576
- Other debts +€6,936
new in 2025: €6,936
- Trade debts -€5,426
down €5,426 (-78.3%), from €6,928 to €1,502
- Tax, wage and social debts -€2,251
down €2,251 (-73.9%), from €3,048 to €797
- Gross operating margin -€21,709
down €21,709 (-217%), from -€10,001 to -€31,711
- Depreciation -€1,855
down €1,855 (-37.8%), from €4,910 to €3,055
- Financial charges +€455
up €455 (+40.5%), from €1,124 to €1,579
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,249 | €36,581 | -€29,668 | -44.8% |
| Fixed assets | 21/28 | €7,911 | €5,717 | -€2,194 | -27.7% |
| Tangible fixed assets | 22/27 | €7,911 | €5,717 | -€2,194 | -27.7% |
| Plant, machinery and equipment | 23 | €3,094 | €2,494 | -€600 | -19.4% |
| Furniture and vehicles | 24 | €4,817 | €3,222 | -€1,594 | -33.1% |
| Current assets | 29/58 | €58,338 | €30,864 | -€27,474 | -47.1% |
| Amounts receivable within one year | 40/41 | €44,086 | €18,977 | -€25,109 | -57.0% |
| Trade receivables | 40 | €39,275 | €17,214 | -€22,061 | -56.2% |
| Other amounts receivable | 41 | €4,811 | €1,763 | -€3,048 | -63.4% |
| Deferred charges and accrued income | 490/1 | €14,253 | €11,888 | -€2,365 | -16.6% |
| Total equity and liabilities | 10/49 | €66,249 | €36,581 | -€29,668 | -44.8% |
| Equity | 10/15 | €55,089 | €17,325 | -€37,764 | -68.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €47,029 | €9,265 | -€37,764 | -80.3% |
| Amounts payable | 17/49 | €11,160 | €19,256 | +€8,096 | +72.5% |
| Amounts payable within one year | 42/48 | €11,160 | €19,256 | +€8,096 | +72.5% |
| Current portion of amounts payable after more than one year | 42 | €447 | €445 | -€2 | -0.4% |
| Financial debts | 43 | €737 | €9,576 | +€8,839 | +1,199% |
| Credit institutions | 430/8 | €737 | €9,576 | +€8,839 | +1,199% |
| Trade debts | 44 | €6,928 | €1,502 | -€5,426 | -78.3% |
| Suppliers | 440/4 | €6,928 | €1,502 | -€5,426 | -78.3% |
| Taxes, remuneration and social security | 45 | €3,048 | €797 | -€2,251 | -73.9% |
| Taxes | 450/3 | €3,048 | €797 | -€2,251 | -73.9% |
| Other amounts payable | 47/48 | - | €6,936 | +€6,936 | |
| Non-recurring operating income | 76A | €199 | €525 | +€326 | +164% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,910 | €3,055 | -€1,855 | -37.8% |
| Other operating charges | 640/8 | €1,140 | €1,269 | +€128 | +11.2% |
| Gross operating margin | 9900 | -€10,001 | -€31,711 | -€21,709 | -217% |
| Operating profit (loss) | 9901 | -€16,052 | -€36,034 | -€19,983 | -124% |
| Financial income | 75/76B | €236 | €64 | -€172 | -72.8% |
| Recurring financial income | 75 | €236 | €64 | -€172 | -72.8% |
| Financial charges | 65/66B | €1,124 | €1,579 | +€455 | +40.5% |
| Recurring financial charges | 65 | €1,124 | €1,579 | +€455 | +40.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,940 | -€37,550 | -€20,610 | -122% |
| Income taxes | 67/77 | €231 | €215 | -€16 | -6.9% |
| Profit (loss) for the period | 9904 | -€17,171 | -€37,764 | -€20,594 | -120% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,171 | -€37,764 | -€20,594 | -120% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.