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
- Receivables within one year -€22,308
down €22,308 (-31.3%), from €71,329 to €49,021
of which Trade receivables: -€18,575
- Other debts -€22,600
down €22,600 (-21.9%), from €103,194 to €80,594
- Reserves +€17,365
up €17,365 (+84.0%), from €20,680 to €38,044
- Profit (loss) carried forward -€13,893
new in 2025: -€13,893
- Debts after one year -€7,456
down €7,456 (-7.8%), from €94,999 to €87,543
- Trade debts +€5,210
up €5,210 (+395.5%), from €1,317 to €6,527
- Gross operating margin +€18,168
up €18,168, from -€10,388 to €7,780
- Other operating charges +€512
up €512 (+65.6%), from €780 to €1,292
- Financial charges +€276
up €276 (+13.0%), from €2,124 to €2,401
- Financial income -€156
down €156 (-100.0%), from €156 to €0
- Depreciation -€126
down €126 (-17.0%), from €741 to €615
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 | €241,389 | €218,672 | -€22,717 | -9.4% |
| Fixed assets | 21/28 | €170,035 | €169,420 | -€615 | -0.4% |
| Tangible fixed assets | 22/27 | €170,035 | €169,420 | -€615 | -0.4% |
| Land and buildings | 22 | €169,420 | €169,420 | = | 0.0% |
| Plant, machinery and equipment | 23 | €615 | €0 | -€615 | -100.0% |
| Current assets | 29/58 | €71,354 | €49,252 | -€22,102 | -31.0% |
| Amounts receivable within one year | 40/41 | €71,329 | €49,021 | -€22,308 | -31.3% |
| Trade receivables | 40 | €44,829 | €26,254 | -€18,575 | -41.4% |
| Other amounts receivable | 41 | €26,500 | €22,767 | -€3,733 | -14.1% |
| Cash at bank and in hand | 54/58 | €25 | €231 | +€206 | +814.5% |
| Total equity and liabilities | 10/49 | €241,389 | €218,672 | -€22,717 | -9.4% |
| Equity | 10/15 | €33,080 | €36,551 | +€3,472 | +10.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €20,680 | €38,044 | +€17,365 | +84.0% |
| Distributable reserves | 133 | €20,680 | €38,044 | +€17,365 | +84.0% |
| Profit (loss) carried forward | 14 | - | -€13,893 | -€13,893 | |
| Amounts payable | 17/49 | €208,310 | €182,120 | -€26,189 | -12.6% |
| Amounts payable after more than one year | 17 | €94,999 | €87,543 | -€7,456 | -7.8% |
| Financial debts | 170/4 | €94,999 | €87,543 | -€7,456 | -7.8% |
| Amounts payable within one year | 42/48 | €113,311 | €94,578 | -€18,733 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €7,315 | €7,456 | +€141 | +1.9% |
| Trade debts | 44 | €1,317 | €6,527 | +€5,210 | +395.5% |
| Suppliers | 440/4 | €1,317 | €6,527 | +€5,210 | +395.5% |
| Taxes, remuneration and social security | 45 | €1,485 | €0 | -€1,485 | -100.0% |
| Taxes | 450/3 | €1,485 | €0 | -€1,485 | -100.0% |
| Other amounts payable | 47/48 | €103,194 | €80,594 | -€22,600 | -21.9% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €741 | €615 | -€126 | -17.0% |
| Other operating charges | 640/8 | €780 | €1,292 | +€512 | +65.6% |
| Non-recurring operating charges | 66A | €15 | €0 | -€15 | -100.0% |
| Gross operating margin | 9900 | -€10,388 | €7,780 | +€18,168 | |
| Operating profit (loss) | 9901 | -€11,925 | €5,872 | +€17,797 | |
| Financial income | 75/76B | €156 | €0 | -€156 | -100.0% |
| Recurring financial income | 75 | €156 | €0 | -€156 | -100.0% |
| Financial charges | 65/66B | €2,124 | €2,401 | +€276 | +13.0% |
| Recurring financial charges | 65 | €2,124 | €2,401 | +€276 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,893 | €3,472 | +€17,365 | |
| Profit (loss) for the period | 9904 | -€13,893 | €3,472 | +€17,365 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,893 | €3,472 | +€17,365 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.