RENO ROB: 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 ROB
Largest movements
- Cash +€106,680
up €106,680 (+118%), from €90,598 to €197,278
mainly Net result for the year (+€82,101) and Receivables within one year (+€57,208)
- Receivables within one year -€57,208
down €57,208 (-67.3%), from €85,007 to €27,799
of which Trade receivables: -€56,885
- Deferred charges and accrued income +€19,313
up €19,313 (+686%), from €2,815 to €22,128
- Tangible fixed assets -€10,562
down €10,562 (-32.9%), from €32,136 to €21,575
of which Other tangible fixed assets: -€9,174
- Stocks and contracts +€6,507
up €6,507 (+188%), from €3,457 to €9,964
of which Contracts in progress: +€6,800
- Reserves +€48,100
up €48,100 (+29.9%), from €160,733 to €208,833
of which Distributable reserves: +€48,100
- Other debts +€21,784
new in 2025: €21,784
- Tax, wage and social debts +€20,965
up €20,965 (+159%), from €13,162 to €34,127
- Current portion of long-term debt -€14,134
no longer reported in 2025 (was €14,134)
- Trade debts -€11,986
down €11,986 (-60.8%), from €19,705 to €7,720
- Gross operating margin +€48,398
up €48,398 (+52.5%), from €92,239 to €140,637
- Taxes +€15,237
up €15,237 (+57.4%), from €26,537 to €41,774
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 | €214,013 | €278,743 | +€64,730 | +30.2% |
| Fixed assets | 21/28 | €32,136 | €21,575 | -€10,562 | -32.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €32,136 | €21,575 | -€10,562 | -32.9% |
| Plant, machinery and equipment | 23 | €5,223 | €4,905 | -€318 | -6.1% |
| Furniture and vehicles | 24 | €13,025 | €11,956 | -€1,069 | -8.2% |
| Other tangible fixed assets | 26 | €13,888 | €4,714 | -€9,174 | -66.1% |
| Current assets | 29/58 | €181,877 | €257,168 | +€75,291 | +41.4% |
| Stocks and contracts in progress | 3 | €3,457 | €9,964 | +€6,507 | +188% |
| Stocks | 30/36 | €2,257 | €1,964 | -€294 | -13.0% |
| Contracts in progress | 37 | €1,200 | €8,000 | +€6,800 | +567% |
| Amounts receivable within one year | 40/41 | €85,007 | €27,799 | -€57,208 | -67.3% |
| Trade receivables | 40 | €80,934 | €24,049 | -€56,885 | -70.3% |
| Other amounts receivable | 41 | €4,073 | €3,750 | -€323 | -7.9% |
| Cash at bank and in hand | 54/58 | €90,598 | €197,278 | +€106,680 | +118% |
| Deferred charges and accrued income | 490/1 | €2,815 | €22,128 | +€19,313 | +686% |
| Total equity and liabilities | 10/49 | €214,013 | €278,743 | +€64,730 | +30.2% |
| Equity | 10/15 | €167,012 | €215,112 | +€48,101 | +28.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €160,733 | €208,833 | +€48,100 | +29.9% |
| Tax-exempt reserves | 132 | €121 | €121 | = | 0.0% |
| Distributable reserves | 133 | €160,612 | €208,712 | +€48,100 | +29.9% |
| Profit (loss) carried forward | 14 | €79 | €79 | +€1 | +1.1% |
| Amounts payable | 17/49 | €47,001 | €63,630 | +€16,629 | +35.4% |
| Amounts payable within one year | 42/48 | €47,001 | €63,630 | +€16,629 | +35.4% |
| Current portion of amounts payable after more than one year | 42 | €14,134 | - | -€14,134 | |
| Trade debts | 44 | €19,705 | €7,720 | -€11,986 | -60.8% |
| Suppliers | 440/4 | €19,705 | €7,720 | -€11,986 | -60.8% |
| Taxes, remuneration and social security | 45 | €13,162 | €34,127 | +€20,965 | +159% |
| Taxes | 450/3 | €13,162 | €34,127 | +€20,965 | +159% |
| Other amounts payable | 47/48 | - | €21,784 | +€21,784 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,010 | €15,000 | +€990 | +7.1% |
| Other operating charges | 640/8 | €956 | €1,200 | +€244 | +25.5% |
| Non-recurring operating charges | 66A | €63 | €180 | +€117 | +185% |
| Gross operating margin | 9900 | €92,239 | €140,637 | +€48,398 | +52.5% |
| Operating profit (loss) | 9901 | €77,210 | €124,257 | +€47,048 | +60.9% |
| Financial income | 75/76B | €13 | €0 | -€13 | -97.5% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -97.5% |
| Financial charges | 65/66B | €445 | €382 | -€63 | -14.1% |
| Recurring financial charges | 65 | €445 | €382 | -€63 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €76,778 | €123,875 | +€47,097 | +61.3% |
| Income taxes | 67/77 | €26,537 | €41,774 | +€15,237 | +57.4% |
| Profit (loss) for the period | 9904 | €50,241 | €82,101 | +€31,860 | +63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,241 | €82,101 | +€31,860 | +63.4% |
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 15 October 2026 via checked.be.