RENOS: 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.
RENOS
Largest movements
- Receivables within one year -€10,307
down €10,307 (-18.2%), from €56,578 to €46,271
- Tangible fixed assets -€7,311
down €7,311 (-2.4%), from €309,406 to €302,095
of which Land and buildings: -€4,867
- Trade debts -€35,956
down €35,956 (-21.3%), from €168,615 to €132,659
- Profit (loss) carried forward +€24,443
up €24,443 (+16.5%), from €148,110 to €172,553
- Tax, wage and social debts -€11,609
down €11,609 (-33.8%), from €34,331 to €22,722
of which Taxes: -€5,971
- Write-downs +€6,226
new in 2025: €6,226
- Gross operating margin +€5,214
up €5,214 (+4.5%), from €114,652 to €119,866
- Staff costs -€4,055
down €4,055 (-7.6%), from €53,516 to €49,461
- Taxes +€1,586
up €1,586 (+17.1%), from €9,273 to €10,859
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 | €413,985 | €389,845 | -€24,140 | -5.8% |
| Fixed assets | 21/28 | €309,406 | €302,095 | -€7,311 | -2.4% |
| Tangible fixed assets | 22/27 | €309,406 | €302,095 | -€7,311 | -2.4% |
| Land and buildings | 22 | €294,609 | €289,742 | -€4,867 | -1.7% |
| Plant, machinery and equipment | 23 | €11,611 | €10,093 | -€1,518 | -13.1% |
| Furniture and vehicles | 24 | €3,186 | €2,260 | -€926 | -29.1% |
| Current assets | 29/58 | €104,579 | €87,750 | -€16,829 | -16.1% |
| Stocks and contracts in progress | 3 | €40,848 | €37,680 | -€3,168 | -7.8% |
| Stocks | 30/36 | €40,848 | €37,680 | -€3,168 | -7.8% |
| Amounts receivable within one year | 40/41 | €56,578 | €46,271 | -€10,307 | -18.2% |
| Trade receivables | 40 | €56,578 | €46,271 | -€10,307 | -18.2% |
| Cash at bank and in hand | 54/58 | €3,873 | €430 | -€3,443 | -88.9% |
| Deferred charges and accrued income | 490/1 | €3,280 | €3,369 | +€89 | +2.7% |
| Total equity and liabilities | 10/49 | €413,985 | €389,845 | -€24,140 | -5.8% |
| Equity | 10/15 | €211,039 | €234,464 | +€23,425 | +11.1% |
| Contributions | 10/11 | €18,697 | €18,697 | = | 0.0% |
| Reserves | 13 | €41,364 | €41,364 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,870 | €1,870 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,870 | €1,870 | = | 0.0% |
| Distributable reserves | 133 | €39,494 | €39,494 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,110 | €172,553 | +€24,443 | +16.5% |
| Investment grants | 15 | €2,868 | €1,850 | -€1,018 | -35.5% |
| Amounts payable | 17/49 | €202,946 | €155,381 | -€47,565 | -23.4% |
| Amounts payable within one year | 42/48 | €202,946 | €155,381 | -€47,565 | -23.4% |
| Trade debts | 44 | €168,615 | €132,659 | -€35,956 | -21.3% |
| Suppliers | 440/4 | €168,615 | €132,659 | -€35,956 | -21.3% |
| Taxes, remuneration and social security | 45 | €34,331 | €22,722 | -€11,609 | -33.8% |
| Taxes | 450/3 | €23,426 | €17,455 | -€5,971 | -25.5% |
| Remuneration and social security | 454/9 | €10,905 | €5,267 | -€5,638 | -51.7% |
| Remuneration, social security and pensions | 62 | €53,516 | €49,461 | -€4,055 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,872 | €19,186 | +€314 | +1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,226 | +€6,226 | |
| Other operating charges | 640/8 | €11,252 | €11,277 | +€25 | +0.2% |
| Gross operating margin | 9900 | €114,652 | €119,866 | +€5,214 | +4.5% |
| Operating profit (loss) | 9901 | €31,012 | €33,716 | +€2,704 | +8.7% |
| Financial income | 75/76B | €1,298 | €1,652 | +€354 | +27.3% |
| Recurring financial income | 75 | €1,298 | €1,652 | +€354 | +27.3% |
| Financial charges | 65/66B | €74 | €66 | -€8 | -10.8% |
| Recurring financial charges | 65 | €74 | €66 | -€8 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €32,236 | €35,302 | +€3,066 | +9.5% |
| Income taxes | 67/77 | €9,273 | €10,859 | +€1,586 | +17.1% |
| Profit (loss) for the period | 9904 | €22,963 | €24,443 | +€1,480 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,963 | €24,443 | +€1,480 | +6.4% |
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 13 October 2026 via checked.be.