RENO+WAREGEM: 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+WAREGEM
Largest movements
- Tangible fixed assets -€133,864
down €133,864 (-43.6%), from €307,033 to €173,169
- Receivables within one year +€14,576
up €14,576 (+124%), from €11,791 to €26,367
of which Other amounts receivable: +€24,687
- Cash -€3,632
down €3,632 (-55.1%), from €6,592 to €2,960
mainly Other debts (-€140,475) and Receivables within one year (-€14,576)
- Other debts -€140,475
down €140,475 (-97.5%), from €144,075 to €3,600
- Reserves +€41,573
up €41,573 (+83.2%), from €49,975 to €91,547
of which Distributable reserves: +€41,573
- Trade debts -€13,584
down €13,584 (-100%), from €13,584 to €0
- Current portion of long-term debt -€12,543
down €12,543 (-57.6%), from €21,789 to €9,246
- Tax, wage and social debts +€10,357
up €10,357 (+183%), from €5,653 to €16,010
- Gross operating margin +€36,626
up €36,626 (+132%), from €27,720 to €64,346
- Taxes +€11,350
up €11,350 (+244%), from €4,660 to €16,010
- Depreciation -€7,130
down €7,130 (-60.5%), from €11,780 to €4,650
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 | €326,346 | €202,496 | -€123,850 | -38.0% |
| Fixed assets | 21/28 | €307,033 | €173,169 | -€133,864 | -43.6% |
| Tangible fixed assets | 22/27 | €307,033 | €173,169 | -€133,864 | -43.6% |
| Land and buildings | 22 | €307,033 | €173,169 | -€133,864 | -43.6% |
| Current assets | 29/58 | €19,313 | €29,327 | +€10,014 | +51.9% |
| Amounts receivable within one year | 40/41 | €11,791 | €26,367 | +€14,576 | +124% |
| Trade receivables | 40 | €11,791 | €1,680 | -€10,111 | -85.8% |
| Other amounts receivable | 41 | - | €24,687 | +€24,687 | |
| Cash at bank and in hand | 54/58 | €6,592 | €2,960 | -€3,632 | -55.1% |
| Deferred charges and accrued income | 490/1 | €930 | €0 | -€930 | -100% |
| Total equity and liabilities | 10/49 | €326,346 | €202,496 | -€123,850 | -38.0% |
| Equity | 10/15 | €109,975 | €151,547 | +€41,573 | +37.8% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €49,975 | €91,547 | +€41,573 | +83.2% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €43,975 | €85,547 | +€41,573 | +94.5% |
| Amounts payable | 17/49 | €216,371 | €50,949 | -€165,423 | -76.5% |
| Amounts payable after more than one year | 17 | €31,270 | €22,024 | -€9,246 | -29.6% |
| Financial debts | 170/4 | €31,270 | €22,024 | -€9,246 | -29.6% |
| Amounts payable within one year | 42/48 | €185,101 | €28,857 | -€156,245 | -84.4% |
| Current portion of amounts payable after more than one year | 42 | €21,789 | €9,246 | -€12,543 | -57.6% |
| Trade debts | 44 | €13,584 | €0 | -€13,584 | -100% |
| Suppliers | 440/4 | €13,584 | €0 | -€13,584 | -100% |
| Taxes, remuneration and social security | 45 | €5,653 | €16,010 | +€10,357 | +183% |
| Taxes | 450/3 | €5,653 | €16,010 | +€10,357 | +183% |
| Other amounts payable | 47/48 | €144,075 | €3,600 | -€140,475 | -97.5% |
| Accrued charges and deferred income | 492/3 | - | €68 | +€68 | |
| Non-recurring operating income | 76A | - | €57,786 | +€57,786 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,780 | €4,650 | -€7,130 | -60.5% |
| Other operating charges | 640/8 | €1,054 | €1,397 | +€343 | +32.5% |
| Gross operating margin | 9900 | €27,720 | €64,346 | +€36,626 | +132% |
| Operating profit (loss) | 9901 | €14,886 | €58,299 | +€43,413 | +292% |
| Financial charges | 65/66B | €914 | €716 | -€197 | -21.6% |
| Recurring financial charges | 65 | €914 | €697 | -€217 | -23.7% |
| Non-recurring financial charges | 66B | - | €19 | +€19 | |
| Profit (loss) for the period before taxes | 9903 | €13,972 | €57,583 | +€43,611 | +312% |
| Income taxes | 67/77 | €4,660 | €16,010 | +€11,350 | +244% |
| Profit (loss) for the period | 9904 | €9,312 | €41,573 | +€32,261 | +346% |
| Profit (loss) for the period to be appropriated | 9905 | €9,312 | €41,573 | +€32,261 | +346% |
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 30 October 2026 via checked.be.