RENO-VDK: 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-VDK
Largest movements
- Receivables within one year +€52,746
up €52,746 (+46.4%), from €113,743 to €166,489
of which Other amounts receivable: +€36,768
- Tangible fixed assets +€12,655
up €12,655 (+18.1%), from €69,776 to €82,431
of which Furniture and vehicles: +€20,683
- Debts after one year +€31,882
up €31,882 (+105.2%), from €30,308 to €62,191
- Short-term financial debts +€23,856
new in 2025: €23,856
- Current portion of long-term debt +€15,153
up €15,153 (+185.0%), from €8,190 to €23,343
- Trade debts -€9,977
down €9,977 (-10.8%), from €92,643 to €82,666
- Advances received +€4,550
up €4,550 (+10.9%), from €41,620 to €46,170
- Depreciation +€16,257
up €16,257 (+153.6%), from €10,588 to €26,845
- Gross operating margin +€14,746
up €14,746 (+45.8%), from €32,199 to €46,945
- Financial charges +€13,298
up €13,298 (+492.2%), from €2,702 to €16,000
- Taxes -€1,262
down €1,262 (-51.6%), from €2,447 to €1,186
- Financial income +€1,158
up €1,158 (+342.4%), from €338 to €1,497
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.
Cash bridge derived
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 | €195,519 | €262,293 | +€66,774 | +34.2% |
| Fixed assets | 21/28 | €69,776 | €82,566 | +€12,790 | +18.3% |
| Tangible fixed assets | 22/27 | €69,776 | €82,431 | +€12,655 | +18.1% |
| Plant, machinery and equipment | 23 | €29,730 | €21,702 | -€8,028 | -27.0% |
| Furniture and vehicles | 24 | €40,045 | €60,729 | +€20,683 | +51.6% |
| Financial fixed assets | 28 | - | €135 | +€135 | |
| Current assets | 29/58 | €125,743 | €179,727 | +€53,984 | +42.9% |
| Amounts receivable within one year | 40/41 | €113,743 | €166,489 | +€52,746 | +46.4% |
| Trade receivables | 40 | €96,652 | €112,630 | +€15,978 | +16.5% |
| Other amounts receivable | 41 | €17,091 | €53,859 | +€36,768 | +215.1% |
| Cash at bank and in hand | 54/58 | €10,683 | €9,910 | -€774 | -7.2% |
| Deferred charges and accrued income | 490/1 | €1,317 | €3,328 | +€2,011 | +152.7% |
| Total equity and liabilities | 10/49 | €195,519 | €262,293 | +€66,774 | +34.2% |
| Equity | 10/15 | €20,310 | €22,882 | +€2,572 | +12.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €19,310 | €21,882 | +€2,572 | +13.3% |
| Distributable reserves | 133 | €19,310 | €21,882 | +€2,572 | +13.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €175,209 | €239,411 | +€64,202 | +36.6% |
| Amounts payable after more than one year | 17 | €30,308 | €62,191 | +€31,882 | +105.2% |
| Financial debts | 170/4 | €30,308 | €62,191 | +€31,882 | +105.2% |
| Amounts payable within one year | 42/48 | €144,901 | €177,220 | +€32,319 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €8,190 | €23,343 | +€15,153 | +185.0% |
| Financial debts | 43 | - | €23,856 | +€23,856 | |
| Credit institutions | 430/8 | - | €23,856 | +€23,856 | |
| Trade debts | 44 | €92,643 | €82,666 | -€9,977 | -10.8% |
| Suppliers | 440/4 | €92,643 | €82,666 | -€9,977 | -10.8% |
| Advances received on contracts in progress | 46 | €41,620 | €46,170 | +€4,550 | +10.9% |
| Taxes, remuneration and social security | 45 | €2,447 | €1,186 | -€1,262 | -51.6% |
| Taxes | 450/3 | €2,447 | €1,186 | -€1,262 | -51.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,588 | €26,845 | +€16,257 | +153.6% |
| Other operating charges | 640/8 | €1,268 | €1,839 | +€570 | +45.0% |
| Gross operating margin | 9900 | €32,199 | €46,945 | +€14,746 | +45.8% |
| Operating profit (loss) | 9901 | €20,343 | €18,261 | -€2,082 | -10.2% |
| Financial income | 75/76B | €338 | €1,497 | +€1,158 | +342.4% |
| Recurring financial income | 75 | €338 | €1,497 | +€1,158 | +342.4% |
| Financial charges | 65/66B | €2,702 | €16,000 | +€13,298 | +492.2% |
| Recurring financial charges | 65 | €2,702 | €16,000 | +€13,298 | +492.2% |
| Profit (loss) for the period before taxes | 9903 | €17,980 | €3,758 | -€14,222 | -79.1% |
| Income taxes | 67/77 | €2,447 | €1,186 | -€1,262 | -51.6% |
| Profit (loss) for the period | 9904 | €15,532 | €2,572 | -€12,960 | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,532 | €2,572 | -€12,960 | -83.4% |
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 11 October 2026 via checked.be.