RENO9: what changed
Two fiscal 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.
RENO9
Largest movements
- Receivables within one year -€36,542
down €36,542 (-54.3%), from €67,344 to €30,802
of which Trade receivables: -€34,622
- Cash +€17,654
up €17,654 (+303.0%), from €5,826 to €23,480
mainly Receivables within one year (+€36,542) and Depreciation (+€35,200)
- Tangible fixed assets -€16,930
down €16,930 (-23.5%), from €72,093 to €55,163
of which Furniture and vehicles: -€9,555
- Deferred charges and accrued income +€1,997
up €1,997 (+52.2%), from €3,824 to €5,820
- Trade debts -€25,168
down €25,168 (-44.6%), from €56,399 to €31,231
- Current portion of long-term debt -€12,963
down €12,963 (-43.2%), from €29,988 to €17,025
- Other debts +€10,981
up €10,981 (+37.1%), from €29,626 to €40,606
- Debts after one year -€10,582
down €10,582 (-35.9%), from €29,449 to €18,867
- Tax, wage and social debts +€3,773
up €3,773 (+188.6%), from €2,001 to €5,774
of which Taxes: +€3,950
- Gross operating margin -€3,371
down €3,371 (-7.2%), from €46,979 to €43,608
- Financial charges -€912
down €912 (-23.1%), from €3,941 to €3,029
- Depreciation -€784
down €784 (-2.2%), from €35,984 to €35,200
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 | €149,600 | €115,750 | -€33,850 | -22.6% |
| Formation expenses | 20 | €28 | €0 | -€28 | -100.0% |
| Fixed assets | 21/28 | €72,578 | €55,648 | -€16,930 | -23.3% |
| Tangible fixed assets | 22/27 | €72,093 | €55,163 | -€16,930 | -23.5% |
| Plant, machinery and equipment | 23 | €19,879 | €17,583 | -€2,297 | -11.6% |
| Furniture and vehicles | 24 | €44,380 | €34,826 | -€9,555 | -21.5% |
| Leasing and similar rights | 25 | €7,833 | €1,563 | -€6,270 | -80.0% |
| Other tangible fixed assets | 26 | - | €1,191 | +€1,191 | |
| Financial fixed assets | 28 | €485 | €485 | = | 0.0% |
| Current assets | 29/58 | €76,993 | €60,102 | -€16,891 | -21.9% |
| Amounts receivable within one year | 40/41 | €67,344 | €30,802 | -€36,542 | -54.3% |
| Trade receivables | 40 | €65,420 | €30,798 | -€34,622 | -52.9% |
| Other amounts receivable | 41 | €1,923 | €4 | -€1,920 | -99.8% |
| Cash at bank and in hand | 54/58 | €5,826 | €23,480 | +€17,654 | +303.0% |
| Deferred charges and accrued income | 490/1 | €3,824 | €5,820 | +€1,997 | +52.2% |
| Total equity and liabilities | 10/49 | €149,600 | €115,750 | -€33,850 | -22.6% |
| Equity | 10/15 | €1,992 | €2,111 | +€119 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,595 | €14,735 | -€1,860 | -11.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €16,595 | €14,735 | -€1,860 | -11.2% |
| Profit (loss) carried forward | 14 | -€33,202 | -€31,224 | +€1,979 | +6.0% |
| Amounts payable | 17/49 | €147,607 | €113,639 | -€33,968 | -23.0% |
| Amounts payable after more than one year | 17 | €29,449 | €18,867 | -€10,582 | -35.9% |
| Financial debts | 170/4 | €29,449 | €18,867 | -€10,582 | -35.9% |
| Amounts payable within one year | 42/48 | €118,015 | €94,637 | -€23,378 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €29,988 | €17,025 | -€12,963 | -43.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €56,399 | €31,231 | -€25,168 | -44.6% |
| Suppliers | 440/4 | €56,399 | €31,231 | -€25,168 | -44.6% |
| Taxes, remuneration and social security | 45 | €2,001 | €5,774 | +€3,773 | +188.6% |
| Taxes | 450/3 | €1,150 | €5,100 | +€3,950 | +343.5% |
| Remuneration and social security | 454/9 | €851 | €674 | -€177 | -20.8% |
| Other amounts payable | 47/48 | €29,626 | €40,606 | +€10,981 | +37.1% |
| Accrued charges and deferred income | 492/3 | €144 | €135 | -€8 | -5.6% |
| Remuneration, social security and pensions | 62 | €4,283 | €4,078 | -€205 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,984 | €35,200 | -€784 | -2.2% |
| Other operating charges | 640/8 | €1,111 | €1,196 | +€85 | +7.6% |
| Gross operating margin | 9900 | €46,979 | €43,608 | -€3,371 | -7.2% |
| Operating profit (loss) | 9901 | €5,601 | €3,134 | -€2,466 | -44.0% |
| Financial income | 75/76B | €164 | €13 | -€150 | -91.8% |
| Recurring financial income | 75 | €164 | €13 | -€150 | -91.8% |
| Financial charges | 65/66B | €3,941 | €3,029 | -€912 | -23.1% |
| Recurring financial charges | 65 | €3,941 | €3,029 | -€912 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €1,823 | €119 | -€1,705 | -93.5% |
| Income taxes | 67/77 | €1 | €0 | -€1 | -100.0% |
| Profit (loss) for the period | 9904 | €1,823 | €119 | -€1,704 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,823 | €119 | -€1,704 | -93.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.