Reno Phil: 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 Phil
Largest movements
- Cash -€29,414
down €29,414 (-74.7%), from €39,389 to €9,974
mainly Contributions, distributions and other (-€25,000) and Receivables within one year (-€6,243)
- Receivables within one year +€6,243
up €6,243 (+72.9%), from €8,559 to €14,802
of which Other amounts receivable: +€8,122
- Tangible fixed assets -€5,746
down €5,746 (-36.5%), from €15,742 to €9,996
- Profit (loss) carried forward -€24,666
down €24,666 (-53.8%), from €45,868 to €21,202
- Debts after one year -€4,965
down €4,965 (-56.5%), from €8,780 to €3,815
- Accrued charges and deferred income +€689
new in 2025: €689
- Gross operating margin -€23,445
down €23,445 (-76.5%), from €30,666 to €7,221
- Taxes -€5,041
down €5,041 (-91.7%), from €5,500 to €459
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 | €64,228 | €35,397 | -€28,831 | -44.9% |
| Fixed assets | 21/28 | €15,742 | €9,996 | -€5,746 | -36.5% |
| Tangible fixed assets | 22/27 | €15,742 | €9,996 | -€5,746 | -36.5% |
| Furniture and vehicles | 24 | €15,742 | €9,996 | -€5,746 | -36.5% |
| Current assets | 29/58 | €48,485 | €25,401 | -€23,085 | -47.6% |
| Stocks and contracts in progress | 3 | - | €40 | +€40 | |
| Stocks | 30/36 | - | €40 | +€40 | |
| Amounts receivable within one year | 40/41 | €8,559 | €14,802 | +€6,243 | +72.9% |
| Trade receivables | 40 | €1,880 | - | -€1,880 | |
| Other amounts receivable | 41 | €6,679 | €14,802 | +€8,122 | +122% |
| Cash at bank and in hand | 54/58 | €39,389 | €9,974 | -€29,414 | -74.7% |
| Deferred charges and accrued income | 490/1 | €538 | €585 | +€47 | +8.7% |
| Total equity and liabilities | 10/49 | €64,228 | €35,397 | -€28,831 | -44.9% |
| Equity | 10/15 | €48,868 | €24,202 | -€24,666 | -50.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,868 | €21,202 | -€24,666 | -53.8% |
| Amounts payable | 17/49 | €15,360 | €11,196 | -€4,164 | -27.1% |
| Amounts payable after more than one year | 17 | €8,780 | €3,815 | -€4,965 | -56.5% |
| Financial debts | 170/4 | €8,780 | €3,815 | -€4,965 | -56.5% |
| Amounts payable within one year | 42/48 | €6,580 | €6,692 | +€112 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €4,830 | €4,965 | +€135 | +2.8% |
| Trade debts | 44 | €1,201 | €739 | -€462 | -38.5% |
| Suppliers | 440/4 | €1,201 | €739 | -€462 | -38.5% |
| Other amounts payable | 47/48 | €549 | €988 | +€439 | +79.8% |
| Accrued charges and deferred income | 492/3 | - | €689 | +€689 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,746 | €5,746 | = | 0.0% |
| Other operating charges | 640/8 | €722 | €438 | -€285 | -39.4% |
| Gross operating margin | 9900 | €30,666 | €7,221 | -€23,445 | -76.5% |
| Operating profit (loss) | 9901 | €24,198 | €1,037 | -€23,161 | -95.7% |
| Financial income | 75/76B | €0 | €126 | +€126 | +628,100% |
| Recurring financial income | 75 | €0 | €126 | +€126 | +628,100% |
| Financial charges | 65/66B | €523 | €370 | -€153 | -29.2% |
| Recurring financial charges | 65 | €523 | €370 | -€153 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €23,675 | €793 | -€22,882 | -96.7% |
| Income taxes | 67/77 | €5,500 | €459 | -€5,041 | -91.7% |
| Profit (loss) for the period | 9904 | €18,175 | €334 | -€17,841 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,175 | €334 | -€17,841 | -98.2% |
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.