Reno Top: 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 Top
Largest movements
- Cash -€308,757
down €308,757 (-55.5%), from €556,352 to €247,595
mainly Receivables within one year (-€113,763) and Stocks and contracts (-€113,050)
- Receivables within one year +€113,763
up €113,763 (+706%), from €16,121 to €129,884
of which Trade receivables: +€65,993
- Stocks and contracts +€113,050
up €113,050 (+69.4%), from €162,959 to €276,009
- Tangible fixed assets +€76,623
up €76,623 (+48.7%), from €157,242 to €233,865
of which Furniture and vehicles: +€74,282
- Other debts +€91,958
up €91,958 (+17.1%), from €538,191 to €630,149
- Reserves -€77,003
down €77,003 (-49.0%), from €157,239 to €80,236
- Debts after one year -€17,019
down €17,019 (-100%), from €17,019 to €0
- Trade debts -€10,641
down €10,641 (-45.3%), from €23,513 to €12,872
- Gross operating margin -€97,519
down €97,519 (-54.3%), from €179,689 to €82,170
- Depreciation -€16,278
down €16,278 (-32.6%), from €49,886 to €33,608
- Taxes -€12,547
down €12,547 (-57.0%), from €22,017 to €9,470
- Other operating charges -€1,952
down €1,952 (-65.0%), from €3,004 to €1,051
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 | €895,432 | €891,828 | -€3,604 | -0.4% |
| Fixed assets | 21/28 | €157,242 | €233,865 | +€76,623 | +48.7% |
| Tangible fixed assets | 22/27 | €157,242 | €233,865 | +€76,623 | +48.7% |
| Plant, machinery and equipment | 23 | €7,061 | €9,402 | +€2,341 | +33.2% |
| Furniture and vehicles | 24 | €150,180 | €224,463 | +€74,282 | +49.5% |
| Current assets | 29/58 | €738,190 | €657,963 | -€80,227 | -10.9% |
| Stocks and contracts in progress | 3 | €162,959 | €276,009 | +€113,050 | +69.4% |
| Stocks | 30/36 | €162,959 | €276,009 | +€113,050 | +69.4% |
| Amounts receivable within one year | 40/41 | €16,121 | €129,884 | +€113,763 | +706% |
| Trade receivables | 40 | €6,780 | €72,773 | +€65,993 | +973% |
| Other amounts receivable | 41 | €9,341 | €57,111 | +€47,770 | +511% |
| Cash at bank and in hand | 54/58 | €556,352 | €247,595 | -€308,757 | -55.5% |
| Deferred charges and accrued income | 490/1 | €2,758 | €4,475 | +€1,718 | +62.3% |
| Total equity and liabilities | 10/49 | €895,432 | €891,828 | -€3,604 | -0.4% |
| Equity | 10/15 | €257,239 | €180,236 | -€77,003 | -29.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €157,239 | €80,236 | -€77,003 | -49.0% |
| Distributable reserves | 133 | €157,239 | €80,236 | -€77,003 | -49.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €638,193 | €711,592 | +€73,399 | +11.5% |
| Amounts payable after more than one year | 17 | €17,019 | €0 | -€17,019 | -100% |
| Financial debts | 170/4 | €17,019 | €0 | -€17,019 | -100% |
| Amounts payable within one year | 42/48 | €612,257 | €703,010 | +€90,754 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €17,885 | €17,019 | -€867 | -4.8% |
| Financial debts | 43 | €25,000 | €31,709 | +€6,709 | +26.8% |
| Credit institutions | 430/8 | €25,000 | €31,709 | +€6,709 | +26.8% |
| Trade debts | 44 | €23,513 | €12,872 | -€10,641 | -45.3% |
| Suppliers | 440/4 | €23,513 | €12,872 | -€10,641 | -45.3% |
| Advances received on contracts in progress | 46 | €1,424 | €0 | -€1,424 | -100% |
| Taxes, remuneration and social security | 45 | €6,244 | €11,262 | +€5,018 | +80.4% |
| Taxes | 450/3 | €6,244 | €9,462 | +€3,218 | +51.5% |
| Remuneration and social security | 454/9 | - | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | €538,191 | €630,149 | +€91,958 | +17.1% |
| Accrued charges and deferred income | 492/3 | €8,917 | €8,582 | -€336 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,886 | €33,608 | -€16,278 | -32.6% |
| Other operating charges | 640/8 | €3,004 | €1,051 | -€1,952 | -65.0% |
| Non-recurring operating charges | 66A | - | €8,483 | +€8,483 | |
| Gross operating margin | 9900 | €179,689 | €82,170 | -€97,519 | -54.3% |
| Operating profit (loss) | 9901 | €126,799 | €39,028 | -€87,771 | -69.2% |
| Financial income | 75/76B | €3,937 | €3,993 | +€56 | +1.4% |
| Recurring financial income | 75 | €3,937 | €3,993 | +€56 | +1.4% |
| Financial charges | 65/66B | €12,149 | €10,553 | -€1,596 | -13.1% |
| Recurring financial charges | 65 | €12,149 | €10,553 | -€1,596 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €118,587 | €32,467 | -€86,120 | -72.6% |
| Income taxes | 67/77 | €22,017 | €9,470 | -€12,547 | -57.0% |
| Profit (loss) for the period | 9904 | €96,570 | €22,997 | -€73,573 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €96,570 | €22,997 | -€73,573 | -76.2% |
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 17 October 2026 via checked.be.