RENO PAINTS: 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 PAINTS
Largest movements
- Stocks and contracts +€78,832
up €78,832 (+23.3%), from €338,058 to €416,890
- Intangible fixed assets +€47,670
up €47,670 (+189%), from €25,227 to €72,897
- Receivables within one year -€46,677
down €46,677 (-25.6%), from €182,556 to €135,880
of which Other amounts receivable: -€50,406
- Cash +€30,402
up €30,402 (+63.2%), from €48,096 to €78,498
mainly Depreciation (+€89,579) and Trade debts (+€70,985)
- Financial fixed assets -€19,712
down €19,712 (-77.9%), from €25,315 to €5,604
- Trade debts +€70,985
up €70,985 (+58.8%), from €120,763 to €191,748
- Debts after one year -€49,716
down €49,716 (-19.9%), from €249,365 to €199,649
- Short-term financial debts +€30,000
up €30,000 (+10.0%), from €300,000 to €330,000
- Current portion of long-term debt +€16,763
up €16,763 (+29.4%), from €57,015 to €73,777
- Other debts +€16,703
up €16,703 (+41.8%), from €39,990 to €56,693
- Gross operating margin +€65,025
up €65,025 (+19.5%), from €332,715 to €397,740
- Staff costs +€59,543
up €59,543 (+41.3%), from €144,049 to €203,592
- Depreciation +€17,063
up €17,063 (+23.5%), from €72,516 to €89,579
- Financial income -€4,693
down €4,693 (-61.1%), from €7,675 to €2,982
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 | €1,022,910 | €1,103,767 | +€80,857 | +7.9% |
| Fixed assets | 21/28 | €446,585 | €464,264 | +€17,679 | +4.0% |
| Intangible fixed assets | 21 | €25,227 | €72,897 | +€47,670 | +189% |
| Tangible fixed assets | 22/27 | €396,043 | €385,763 | -€10,280 | -2.6% |
| Land and buildings | 22 | €337,555 | €303,234 | -€34,321 | -10.2% |
| Plant, machinery and equipment | 23 | €42,570 | €46,138 | +€3,568 | +8.4% |
| Furniture and vehicles | 24 | €15,918 | €23,588 | +€7,670 | +48.2% |
| Leasing and similar rights | 25 | - | €2,672 | +€2,672 | |
| Other tangible fixed assets | 26 | - | €10,131 | +€10,131 | |
| Financial fixed assets | 28 | €25,315 | €5,604 | -€19,712 | -77.9% |
| Current assets | 29/58 | €576,324 | €639,503 | +€63,178 | +11.0% |
| Stocks and contracts in progress | 3 | €338,058 | €416,890 | +€78,832 | +23.3% |
| Stocks | 30/36 | €338,058 | €416,890 | +€78,832 | +23.3% |
| Amounts receivable within one year | 40/41 | €182,556 | €135,880 | -€46,677 | -25.6% |
| Trade receivables | 40 | €120,123 | €123,852 | +€3,729 | +3.1% |
| Other amounts receivable | 41 | €62,433 | €12,027 | -€50,406 | -80.7% |
| Cash at bank and in hand | 54/58 | €48,096 | €78,498 | +€30,402 | +63.2% |
| Deferred charges and accrued income | 490/1 | €7,614 | €8,235 | +€621 | +8.2% |
| Total equity and liabilities | 10/49 | €1,022,910 | €1,103,767 | +€80,857 | +7.9% |
| Equity | 10/15 | €216,180 | €215,050 | -€1,130 | -0.5% |
| Contributions | 10/11 | €89,350 | €89,350 | = | 0.0% |
| Reserves | 13 | €8,935 | €8,935 | = | 0.0% |
| Distributable reserves | 133 | €8,935 | €8,935 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,444 | €114,110 | +€667 | +0.6% |
| Investment grants | 15 | €4,451 | €2,655 | -€1,796 | -40.4% |
| Amounts payable | 17/49 | €806,730 | €888,716 | +€81,986 | +10.2% |
| Amounts payable after more than one year | 17 | €249,365 | €199,649 | -€49,716 | -19.9% |
| Financial debts | 170/4 | €249,365 | €199,649 | -€49,716 | -19.9% |
| Amounts payable within one year | 42/48 | €557,364 | €689,067 | +€131,703 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €57,015 | €73,777 | +€16,763 | +29.4% |
| Financial debts | 43 | €300,000 | €330,000 | +€30,000 | +10.0% |
| Credit institutions | 430/8 | €300,000 | €330,000 | +€30,000 | +10.0% |
| Trade debts | 44 | €120,763 | €191,748 | +€70,985 | +58.8% |
| Suppliers | 440/4 | €120,763 | €191,748 | +€70,985 | +58.8% |
| Taxes, remuneration and social security | 45 | €39,596 | €36,849 | -€2,748 | -6.9% |
| Taxes | 450/3 | €19,807 | €2,262 | -€17,545 | -88.6% |
| Remuneration and social security | 454/9 | €19,790 | €34,587 | +€14,797 | +74.8% |
| Other amounts payable | 47/48 | €39,990 | €56,693 | +€16,703 | +41.8% |
| Remuneration, social security and pensions | 62 | €144,049 | €203,592 | +€59,543 | +41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,516 | €89,579 | +€17,063 | +23.5% |
| Other operating charges | 640/8 | €13,152 | €15,382 | +€2,230 | +17.0% |
| Non-recurring operating charges | 66A | - | €1,210 | +€1,210 | |
| Gross operating margin | 9900 | €332,715 | €397,740 | +€65,025 | +19.5% |
| Operating profit (loss) | 9901 | €102,997 | €87,976 | -€15,021 | -14.6% |
| Financial income | 75/76B | €7,675 | €2,982 | -€4,693 | -61.1% |
| Recurring financial income | 75 | €7,675 | €2,982 | -€4,693 | -61.1% |
| Financial charges | 65/66B | €36,793 | €37,000 | +€207 | +0.6% |
| Recurring financial charges | 65 | €36,793 | €37,000 | +€207 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €73,879 | €53,958 | -€19,921 | -27.0% |
| Income taxes | 67/77 | €20,662 | €18,291 | -€2,371 | -11.5% |
| Profit (loss) for the period | 9904 | €53,217 | €35,667 | -€17,550 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,217 | €35,667 | -€17,550 | -33.0% |
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 24 October 2026 via checked.be.