RENO-T: 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-T
Largest movements
- Cash +€59,540
up €59,540 (+35.7%), from €167,009 to €226,549
mainly Net result for the year (+€45,134) and Tax, wage and social debts (+€22,546)
- Receivables within one year +€6,230
up €6,230 (+30.3%), from €20,570 to €26,800
of which Trade receivables: +€6,542
- Profit (loss) carried forward +€45,134
up €45,134 (+124%), from €36,539 to €81,673
- Tax, wage and social debts +€22,546
up €22,546 (+877%), from €2,572 to €25,118
- Gross operating margin +€49,129
up €49,129 (+184%), from €26,746 to €75,875
- Turnover +€43,730
up €43,730 (+59.1%), from €73,962 to €117,692
- Taxes +€36,836
up €36,836, from -€8,228 to €28,608
- Purchases and services -€5,399
down €5,399 (-11.4%), from €47,216 to €41,817
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 | €189,693 | €255,170 | +€65,477 | +34.5% |
| Fixed assets | 21/28 | €2,114 | €1,821 | -€293 | -13.9% |
| Tangible fixed assets | 22/27 | €2,114 | €1,821 | -€293 | -13.9% |
| Plant, machinery and equipment | 23 | €412 | - | -€412 | |
| Furniture and vehicles | 24 | €1,702 | €1,821 | +€119 | +7.0% |
| Current assets | 29/58 | €187,579 | €253,349 | +€65,770 | +35.1% |
| Amounts receivable within one year | 40/41 | €20,570 | €26,800 | +€6,230 | +30.3% |
| Trade receivables | 40 | €20,138 | €26,680 | +€6,542 | +32.5% |
| Other amounts receivable | 41 | €432 | €120 | -€312 | -72.2% |
| Cash at bank and in hand | 54/58 | €167,009 | €226,549 | +€59,540 | +35.7% |
| Total equity and liabilities | 10/49 | €189,693 | €255,170 | +€65,477 | +34.5% |
| Equity | 10/15 | €177,384 | €222,518 | +€45,134 | +25.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €135,845 | €135,845 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Other | 1319 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €135,345 | €135,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,539 | €81,673 | +€45,134 | +124% |
| Amounts payable | 17/49 | €12,309 | €32,652 | +€20,343 | +165% |
| Amounts payable within one year | 42/48 | €12,309 | €32,652 | +€20,343 | +165% |
| Financial debts | 43 | €3,659 | €1,442 | -€2,217 | -60.6% |
| Other loans | 439 | €3,659 | €1,442 | -€2,217 | -60.6% |
| Trade debts | 44 | €6,078 | €6,092 | +€14 | +0.2% |
| Suppliers | 440/4 | €6,078 | €6,092 | +€14 | +0.2% |
| Taxes, remuneration and social security | 45 | €2,572 | €25,118 | +€22,546 | +877% |
| Taxes | 450/3 | €2,572 | €25,118 | +€22,546 | +877% |
| Turnover | 70 | €73,962 | €117,692 | +€43,730 | +59.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €47,216 | €41,817 | -€5,399 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €772 | €1,160 | +€388 | +50.3% |
| Other operating charges | 640/8 | €825 | €840 | +€15 | +1.8% |
| Gross operating margin | 9900 | €26,746 | €75,875 | +€49,129 | +184% |
| Operating profit (loss) | 9901 | €25,149 | €73,875 | +€48,726 | +194% |
| Financial income | 75/76B | - | €81 | +€81 | |
| Recurring financial income | 75 | - | €81 | +€81 | |
| Financial charges | 65/66B | €197 | €214 | +€17 | +8.6% |
| Recurring financial charges | 65 | €197 | €214 | +€17 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €24,952 | €73,742 | +€48,790 | +196% |
| Income taxes | 67/77 | -€8,228 | €28,608 | +€36,836 | |
| Profit (loss) for the period | 9904 | €33,180 | €45,134 | +€11,954 | +36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,180 | €45,134 | +€11,954 | +36.0% |
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 22 October 2026 via checked.be.