Rense: 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.
Rense
Largest movements
- Receivables within one year +€8,797
up €8,797 (+8.7%), from €100,567 to €109,364
of which Trade receivables: +€8,370
- Deferred charges and accrued income -€5,742
down €5,742 (-51.7%), from €11,099 to €5,356
- Cash +€3,282
up €3,282 (+163%), from €2,015 to €5,297
mainly Net result for the year (+€6,785) and Deferred charges and accrued income (+€5,742)
- Tangible fixed assets -€1,545
down €1,545 (-79.4%), from €1,947 to €402
- Reserves +€6,785
up €6,785 (+7.6%), from €89,122 to €95,907
- Trade debts -€6,590
down €6,590 (-61.3%), from €10,748 to €4,158
- Tax, wage and social debts +€4,592
up €4,592 (+42.8%), from €10,737 to €15,329
- Gross operating margin +€19,335
up €19,335, from -€10,812 to €8,523
- Financial income +€4,968
up €4,968 (+1,279%), from €389 to €5,356
- Taxes +€2,978
up €2,978 (+854%), from €349 to €3,326
- Other operating charges -€264
down €264 (-16.8%), from €1,566 to €1,303
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 | €115,627 | €120,419 | +€4,791 | +4.1% |
| Fixed assets | 21/28 | €1,947 | €402 | -€1,545 | -79.4% |
| Tangible fixed assets | 22/27 | €1,947 | €402 | -€1,545 | -79.4% |
| Furniture and vehicles | 24 | €1,947 | €402 | -€1,545 | -79.4% |
| Current assets | 29/58 | €113,680 | €120,017 | +€6,336 | +5.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €100,567 | €109,364 | +€8,797 | +8.7% |
| Trade receivables | 40 | €9,325 | €17,695 | +€8,370 | +89.8% |
| Other amounts receivable | 41 | €91,242 | €91,669 | +€427 | +0.5% |
| Cash at bank and in hand | 54/58 | €2,015 | €5,297 | +€3,282 | +163% |
| Deferred charges and accrued income | 490/1 | €11,099 | €5,356 | -€5,742 | -51.7% |
| Total equity and liabilities | 10/49 | €115,627 | €120,419 | +€4,791 | +4.1% |
| Equity | 10/15 | €94,122 | €100,907 | +€6,785 | +7.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €89,122 | €95,907 | +€6,785 | +7.6% |
| Distributable reserves | 133 | €89,122 | €95,907 | +€6,785 | +7.6% |
| Amounts payable | 17/49 | €21,506 | €19,512 | -€1,994 | -9.3% |
| Amounts payable within one year | 42/48 | €21,506 | €19,512 | -€1,994 | -9.3% |
| Financial debts | 43 | €20 | €25 | +€5 | +26.4% |
| Credit institutions | 430/8 | €20 | €25 | +€5 | +26.4% |
| Trade debts | 44 | €10,748 | €4,158 | -€6,590 | -61.3% |
| Suppliers | 440/4 | €10,748 | €4,158 | -€6,590 | -61.3% |
| Taxes, remuneration and social security | 45 | €10,737 | €15,329 | +€4,592 | +42.8% |
| Taxes | 450/3 | €10,737 | €15,329 | +€4,592 | +42.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,545 | €1,545 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,566 | €1,303 | -€264 | -16.8% |
| Gross operating margin | 9900 | -€10,812 | €8,523 | +€19,335 | |
| Operating profit (loss) | 9901 | -€13,923 | €5,676 | +€19,598 | |
| Financial income | 75/76B | €389 | €5,356 | +€4,968 | +1,279% |
| Recurring financial income | 75 | €389 | €5,356 | +€4,968 | +1,279% |
| Financial charges | 65/66B | €904 | €921 | +€17 | +1.8% |
| Recurring financial charges | 65 | €904 | €921 | +€17 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,438 | €10,111 | +€24,549 | |
| Income taxes | 67/77 | €349 | €3,326 | +€2,978 | +854% |
| Profit (loss) for the period | 9904 | -€14,787 | €6,785 | +€21,572 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,787 | €6,785 | +€21,572 |
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 25 October 2026 via checked.be.