Reno-Stam: 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-Stam
Largest movements
- Receivables within one year +€8,126
up €8,126 (+31.0%), from €26,186 to €34,312
of which Trade receivables: +€7,912
- Tangible fixed assets -€3,255
down €3,255 (-44.0%), from €7,399 to €4,144
of which Furniture and vehicles: -€1,893
- Cash +€1,756
up €1,756 (+233%), from €754 to €2,510
mainly Trade debts (+€4,351) and Depreciation (+€3,255)
- Trade debts +€4,351
up €4,351 (+50.8%), from €8,567 to €12,918
- Tax, wage and social debts +€2,046
up €2,046 (+57.4%), from €3,564 to €5,610
of which Remuneration and social security: +€2,510
- Gross operating margin -€2,320
down €2,320 (-37.4%), from €6,205 to €3,885
- Taxes -€475
no longer reported in 2025 (was €475)
- Other operating charges -€193
down €193 (-29.1%), from €661 to €469
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 | €34,758 | €41,404 | +€6,646 | +19.1% |
| Fixed assets | 21/28 | €7,399 | €4,144 | -€3,255 | -44.0% |
| Tangible fixed assets | 22/27 | €7,399 | €4,144 | -€3,255 | -44.0% |
| Plant, machinery and equipment | 23 | €3,851 | €2,489 | -€1,362 | -35.4% |
| Furniture and vehicles | 24 | €3,548 | €1,655 | -€1,893 | -53.4% |
| Current assets | 29/58 | €27,359 | €37,260 | +€9,901 | +36.2% |
| Amounts receivable within one year | 40/41 | €26,186 | €34,312 | +€8,126 | +31.0% |
| Trade receivables | 40 | €25,959 | €33,871 | +€7,912 | +30.5% |
| Other amounts receivable | 41 | €227 | €441 | +€214 | +94.2% |
| Cash at bank and in hand | 54/58 | €754 | €2,510 | +€1,756 | +233% |
| Deferred charges and accrued income | 490/1 | €419 | €437 | +€18 | +4.3% |
| Total equity and liabilities | 10/49 | €34,758 | €41,404 | +€6,646 | +19.1% |
| Equity | 10/15 | €22,423 | €22,404 | -€19 | -0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,223 | €16,204 | -€19 | -0.1% |
| Distributable reserves | 133 | €16,223 | €16,204 | -€19 | -0.1% |
| Amounts payable | 17/49 | €12,335 | €18,999 | +€6,665 | +54.0% |
| Amounts payable within one year | 42/48 | €12,335 | €18,999 | +€6,665 | +54.0% |
| Trade debts | 44 | €8,567 | €12,918 | +€4,351 | +50.8% |
| Suppliers | 440/4 | €8,567 | €12,918 | +€4,351 | +50.8% |
| Taxes, remuneration and social security | 45 | €3,564 | €5,610 | +€2,046 | +57.4% |
| Taxes | 450/3 | €464 | - | -€464 | |
| Remuneration and social security | 454/9 | €3,100 | €5,610 | +€2,510 | +81.0% |
| Other amounts payable | 47/48 | €204 | €472 | +€267 | +131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,255 | €3,255 | = | 0.0% |
| Other operating charges | 640/8 | €661 | €469 | -€193 | -29.1% |
| Gross operating margin | 9900 | €6,205 | €3,885 | -€2,320 | -37.4% |
| Operating profit (loss) | 9901 | €2,289 | €161 | -€2,128 | -93.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €170 | €180 | +€10 | +5.9% |
| Recurring financial charges | 65 | €170 | €180 | +€10 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €2,119 | -€19 | -€2,138 | |
| Income taxes | 67/77 | €475 | - | -€475 | |
| Profit (loss) for the period | 9904 | €1,644 | -€19 | -€1,663 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,644 | -€19 | -€1,663 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.