Reno-Safe: 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-Safe
Largest movements
- Tangible fixed assets -€22,048
down €22,048 (-26.9%), from €82,040 to €59,992
of which Land and buildings: -€16,439
- Cash +€15,411
up €15,411 (+177%), from €8,694 to €24,106
mainly Net result for the year (+€16,617) and Stocks and contracts (+€13,050)
- Stocks and contracts -€13,050
down €13,050 (-59.2%), from €22,050 to €9,000
of which Contracts in progress: -€17,050
- Receivables within one year +€2,644
up €2,644 (+26.6%), from €9,944 to €12,588
of which Trade receivables: +€7,673
- Deferred charges and accrued income +€1,649
up €1,649 (+72.7%), from €2,269 to €3,918
- Reserves +€16,617
up €16,617 (+176%), from €9,464 to €26,081
- Trade debts -€11,479
down €11,479 (-67.8%), from €16,927 to €5,448
- Debts after one year -€11,012
down €11,012 (-15.9%), from €69,088 to €58,076
- Other debts -€9,824
down €9,824 (-56.0%), from €17,540 to €7,716
- Gross operating margin +€26,375
up €26,375 (+238%), from €11,084 to €37,459
- Depreciation +€8,021
up €8,021 (+255%), from €3,151 to €11,172
- Other operating charges +€766
up €766 (+41.1%), from €1,865 to €2,631
- Financial charges +€568
up €568 (+20.1%), from €2,826 to €3,394
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 | €124,998 | €109,604 | -€15,394 | -12.3% |
| Fixed assets | 21/28 | €82,040 | €59,992 | -€22,048 | -26.9% |
| Tangible fixed assets | 22/27 | €82,040 | €59,992 | -€22,048 | -26.9% |
| Land and buildings | 22 | €37,248 | €20,808 | -€16,439 | -44.1% |
| Plant, machinery and equipment | 23 | - | €4,000 | +€4,000 | |
| Furniture and vehicles | 24 | €44,792 | €35,184 | -€9,609 | -21.5% |
| Current assets | 29/58 | €42,958 | €49,612 | +€6,654 | +15.5% |
| Stocks and contracts in progress | 3 | €22,050 | €9,000 | -€13,050 | -59.2% |
| Stocks | 30/36 | €5,000 | €9,000 | +€4,000 | +80.0% |
| Contracts in progress | 37 | €17,050 | €0 | -€17,050 | -100% |
| Amounts receivable within one year | 40/41 | €9,944 | €12,588 | +€2,644 | +26.6% |
| Trade receivables | 40 | €2,317 | €9,990 | +€7,673 | +331% |
| Other amounts receivable | 41 | €7,627 | €2,598 | -€5,029 | -65.9% |
| Cash at bank and in hand | 54/58 | €8,694 | €24,106 | +€15,411 | +177% |
| Deferred charges and accrued income | 490/1 | €2,269 | €3,918 | +€1,649 | +72.7% |
| Total equity and liabilities | 10/49 | €124,998 | €109,604 | -€15,394 | -12.3% |
| Equity | 10/15 | €10,464 | €27,081 | +€16,617 | +159% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €9,464 | €26,081 | +€16,617 | +176% |
| Distributable reserves | 133 | €9,464 | €26,081 | +€16,617 | +176% |
| Amounts payable | 17/49 | €114,534 | €82,523 | -€32,011 | -27.9% |
| Amounts payable after more than one year | 17 | €69,088 | €58,076 | -€11,012 | -15.9% |
| Financial debts | 170/4 | €69,088 | €58,076 | -€11,012 | -15.9% |
| Amounts payable within one year | 42/48 | €45,446 | €24,448 | -€20,998 | -46.2% |
| Current portion of amounts payable after more than one year | 42 | €10,598 | €11,012 | +€415 | +3.9% |
| Trade debts | 44 | €16,927 | €5,448 | -€11,479 | -67.8% |
| Suppliers | 440/4 | €16,927 | €5,448 | -€11,479 | -67.8% |
| Taxes, remuneration and social security | 45 | €382 | €272 | -€110 | -28.8% |
| Taxes | 450/3 | €382 | €272 | -€110 | -28.8% |
| Other amounts payable | 47/48 | €17,540 | €7,716 | -€9,824 | -56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,151 | €11,172 | +€8,021 | +255% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,865 | €2,631 | +€766 | +41.1% |
| Non-recurring operating charges | 66A | - | €3,376 | +€3,376 | |
| Gross operating margin | 9900 | €11,084 | €37,459 | +€26,375 | +238% |
| Operating profit (loss) | 9901 | €6,069 | €20,280 | +€14,212 | +234% |
| Financial income | 75/76B | €198 | €2 | -€195 | -98.8% |
| Recurring financial income | 75 | €198 | €2 | -€195 | -98.8% |
| Financial charges | 65/66B | €2,826 | €3,394 | +€568 | +20.1% |
| Recurring financial charges | 65 | €2,826 | €3,394 | +€568 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €3,440 | €16,889 | +€13,448 | +391% |
| Income taxes | 67/77 | €382 | €272 | -€110 | -28.8% |
| Profit (loss) for the period | 9904 | €3,059 | €16,617 | +€13,558 | +443% |
| Profit (loss) for the period to be appropriated | 9905 | €3,059 | €16,617 | +€13,558 | +443% |
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 19 October 2026 via checked.be.