RENO-PROJECTS: what changed
Two fiscal 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-PROJECTS
Largest movements
- Tangible fixed assets -€13,907
down €13,907 (-22.8%), from €60,935 to €47,028
- Receivables within one year +€12,327
new in 2025: €12,327
- Current investments +€2,950
new in 2025: €2,950
- Cash -€2,014
down €2,014 (-15.8%), from €12,762 to €10,748
mainly Other debts (-€14,602) and Receivables within one year (-€12,327)
- Other debts -€14,602
down €14,602 (-6.0%), from €243,516 to €228,914
- Trade debts +€14,202
up €14,202 (+13564.9%), from €105 to €14,307
- Gross operating margin -€12,351
down €12,351 (-40.5%), from €30,473 to €18,122
- Depreciation -€1,695
down €1,695 (-10.9%), from €15,601 to €13,907
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.
Cash bridge derived
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 | €74,109 | €73,431 | -€678 | -0.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €60,935 | €47,028 | -€13,907 | -22.8% |
| Tangible fixed assets | 22/27 | €60,935 | €47,028 | -€13,907 | -22.8% |
| Land and buildings | 22 | €60,935 | €47,028 | -€13,907 | -22.8% |
| Current assets | 29/58 | €13,174 | €26,403 | +€13,229 | +100.4% |
| Amounts receivable within one year | 40/41 | - | €12,327 | +€12,327 | |
| Trade receivables | 40 | - | €12,327 | +€12,327 | |
| Current investments | 50/53 | - | €2,950 | +€2,950 | |
| Cash at bank and in hand | 54/58 | €12,762 | €10,748 | -€2,014 | -15.8% |
| Deferred charges and accrued income | 490/1 | €412 | €379 | -€33 | -8.0% |
| Total equity and liabilities | 10/49 | €74,109 | €73,431 | -€678 | -0.9% |
| Equity | 10/15 | -€182,686 | -€182,430 | +€256 | +0.1% |
| Contributions | 10/11 | €62,469 | €62,500 | +€31 | 0.0% |
| Capital | 10 | €62,469 | €62,500 | +€31 | 0.0% |
| Issued capital | 100 | €62,469 | €62,500 | +€31 | 0.0% |
| Reserves | 13 | €1,132 | €1,132 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,132 | €1,132 | = | 0.0% |
| Legal reserve | 130 | - | €1,132 | +€1,132 | |
| Reserves not available under the articles | 1311 | €1,132 | - | -€1,132 | |
| Profit (loss) carried forward | 14 | -€246,287 | -€246,062 | +€225 | +0.1% |
| Amounts payable | 17/49 | €256,795 | €255,861 | -€934 | -0.4% |
| Amounts payable after more than one year | 17 | €13,174 | €12,640 | -€534 | -4.1% |
| Other amounts payable | 178/9 | €13,174 | €12,640 | -€534 | -4.1% |
| Amounts payable within one year | 42/48 | €243,621 | €243,221 | -€400 | -0.2% |
| Trade debts | 44 | €105 | €14,307 | +€14,202 | +13564.9% |
| Suppliers | 440/4 | €105 | €14,307 | +€14,202 | +13564.9% |
| Other amounts payable | 47/48 | €243,516 | €228,914 | -€14,602 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,601 | €13,907 | -€1,695 | -10.9% |
| Other operating charges | 640/8 | €4,133 | €3,836 | -€297 | -7.2% |
| Gross operating margin | 9900 | €30,473 | €18,122 | -€12,351 | -40.5% |
| Operating profit (loss) | 9901 | €10,739 | €379 | -€10,360 | -96.5% |
| Financial income | 75/76B | €6 | €12 | +€6 | +95.7% |
| Recurring financial income | 75 | €6 | €12 | +€6 | +95.7% |
| Financial charges | 65/66B | €66 | €166 | +€101 | +153.9% |
| Recurring financial charges | 65 | €66 | €166 | +€101 | +153.9% |
| Profit (loss) for the period before taxes | 9903 | €10,680 | €225 | -€10,455 | -97.9% |
| Profit (loss) for the period | 9904 | €10,680 | €225 | -€10,455 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,680 | €225 | -€10,455 | -97.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.