RENO - TRADE: 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 - TRADE
Largest movements
- Tangible fixed assets -€16,651
down €16,651 (-28.0%), from €59,438 to €42,787
of which Furniture and vehicles: -€20,211
- Reserves +€22,154
up €22,154 (+27.6%), from €80,296 to €102,450
of which Distributable reserves: +€22,154
- Debts after one year -€18,081
down €18,081 (-49.0%), from €36,879 to €18,798
- Other debts -€15,297
down €15,297 (-34.0%), from €44,975 to €29,678
- Current portion of long-term debt -€7,554
down €7,554 (-29.5%), from €25,635 to €18,081
- Tax, wage and social debts +€2,718
up €2,718 (+17.8%), from €15,301 to €18,019
of which Taxes: +€2,835
- Gross operating margin -€22,751
down €22,751 (-12.3%), from €185,001 to €162,250
- Depreciation -€8,515
down €8,515 (-28.8%), from €29,616 to €21,101
- Taxes +€3,563
up €3,563 (+64.5%), from €5,523 to €9,086
- Staff costs -€2,499
down €2,499 (-2.7%), from €91,487 to €88,988
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 | €232,065 | €217,404 | -€14,661 | -6.3% |
| Fixed assets | 21/28 | €59,438 | €42,787 | -€16,651 | -28.0% |
| Tangible fixed assets | 22/27 | €59,438 | €42,787 | -€16,651 | -28.0% |
| Plant, machinery and equipment | 23 | €0 | €3,560 | +€3,560 | |
| Furniture and vehicles | 24 | €59,438 | €39,227 | -€20,211 | -34.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €172,627 | €174,617 | +€1,990 | +1.2% |
| Amounts receivable within one year | 40/41 | €2,360 | €2,702 | +€342 | +14.5% |
| Trade receivables | 40 | €1,714 | €1,590 | -€124 | -7.2% |
| Other amounts receivable | 41 | €646 | €1,112 | +€466 | +72.1% |
| Cash at bank and in hand | 54/58 | €170,249 | €171,577 | +€1,328 | +0.8% |
| Deferred charges and accrued income | 490/1 | €18 | €338 | +€320 | +1,778% |
| Total equity and liabilities | 10/49 | €232,065 | €217,404 | -€14,661 | -6.3% |
| Equity | 10/15 | €98,896 | €121,050 | +€22,154 | +22.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,296 | €102,450 | +€22,154 | +27.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €78,436 | €100,590 | +€22,154 | +28.2% |
| Amounts payable | 17/49 | €133,169 | €96,354 | -€36,815 | -27.6% |
| Amounts payable after more than one year | 17 | €36,879 | €18,798 | -€18,081 | -49.0% |
| Financial debts | 170/4 | €36,879 | €18,798 | -€18,081 | -49.0% |
| Amounts payable within one year | 42/48 | €95,991 | €77,455 | -€18,536 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €25,635 | €18,081 | -€7,554 | -29.5% |
| Trade debts | 44 | €10,080 | €11,677 | +€1,597 | +15.8% |
| Suppliers | 440/4 | €10,080 | €11,677 | +€1,597 | +15.8% |
| Taxes, remuneration and social security | 45 | €15,301 | €18,019 | +€2,718 | +17.8% |
| Taxes | 450/3 | €7,821 | €10,656 | +€2,835 | +36.2% |
| Remuneration and social security | 454/9 | €7,480 | €7,363 | -€117 | -1.6% |
| Other amounts payable | 47/48 | €44,975 | €29,678 | -€15,297 | -34.0% |
| Accrued charges and deferred income | 492/3 | €299 | €101 | -€198 | -66.2% |
| Remuneration, social security and pensions | 62 | €91,487 | €88,988 | -€2,499 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,616 | €21,101 | -€8,515 | -28.8% |
| Other operating charges | 640/8 | €2,248 | €1,477 | -€771 | -34.3% |
| Gross operating margin | 9900 | €185,001 | €162,250 | -€22,751 | -12.3% |
| Operating profit (loss) | 9901 | €61,650 | €50,684 | -€10,966 | -17.8% |
| Financial income | 75/76B | €12 | €1,423 | +€1,411 | +11,758% |
| Recurring financial income | 75 | €12 | €1,423 | +€1,411 | +11,758% |
| Financial charges | 65/66B | €3,436 | €2,195 | -€1,241 | -36.1% |
| Recurring financial charges | 65 | €3,436 | €2,195 | -€1,241 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | €58,226 | €49,912 | -€8,314 | -14.3% |
| Income taxes | 67/77 | €5,523 | €9,086 | +€3,563 | +64.5% |
| Profit (loss) for the period | 9904 | €52,703 | €40,826 | -€11,877 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,703 | €40,826 | -€11,877 | -22.5% |
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 30 October 2026 via checked.be.