RENSON: 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.
RENSON
Largest movements
- Cash +€10,098
up €10,098 (+10.6%), from €94,828 to €104,926
mainly Net result for the year (+€46,445) and Depreciation (+€10,066)
- Tangible fixed assets -€10,066
down €10,066 (-45.5%), from €22,101 to €12,035
- Receivables within one year +€9,707
up €9,707 (+38.8%), from €25,033 to €34,740
of which Trade receivables: +€6,948
- Deferred charges and accrued income -€3,438
down €3,438 (-40.5%), from €8,496 to €5,058
- Reserves +€36,250
up €36,250 (+20.7%), from €175,409 to €211,659
- Tax, wage and social debts -€15,054
down €15,054 (-49.3%), from €30,509 to €15,455
of which Taxes: -€9,754
- Debts after one year -€5,001
down €5,001 (-62.3%), from €8,024 to €3,023
- Current portion of long-term debt -€4,597
down €4,597 (-26.8%), from €17,132 to €12,535
- Trade debts -€3,101
down €3,101 (-34.1%), from €9,081 to €5,980
- Gross operating margin -€24,546
down €24,546 (-24.5%), from €100,307 to €75,761
- Taxes -€4,719
down €4,719 (-21.0%), from €22,454 to €17,735
- Depreciation -€3,459
down €3,459 (-25.6%), from €13,525 to €10,066
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 | €285,458 | €291,759 | +€6,301 | +2.2% |
| Fixed assets | 21/28 | €22,101 | €12,035 | -€10,066 | -45.5% |
| Tangible fixed assets | 22/27 | €22,101 | €12,035 | -€10,066 | -45.5% |
| Furniture and vehicles | 24 | €22,101 | €12,035 | -€10,066 | -45.5% |
| Current assets | 29/58 | €263,357 | €279,724 | +€16,367 | +6.2% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,033 | €34,740 | +€9,707 | +38.8% |
| Trade receivables | 40 | €4,092 | €11,040 | +€6,948 | +170% |
| Other amounts receivable | 41 | €20,941 | €23,700 | +€2,759 | +13.2% |
| Current investments | 50/53 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €94,828 | €104,926 | +€10,098 | +10.6% |
| Deferred charges and accrued income | 490/1 | €8,496 | €5,058 | -€3,438 | -40.5% |
| Total equity and liabilities | 10/49 | €285,458 | €291,759 | +€6,301 | +2.2% |
| Equity | 10/15 | €206,468 | €242,913 | +€36,445 | +17.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €175,409 | €211,659 | +€36,250 | +20.7% |
| Distributable reserves | 133 | €175,409 | €211,659 | +€36,250 | +20.7% |
| Profit (loss) carried forward | 14 | €12,467 | €12,662 | +€195 | +1.6% |
| Amounts payable | 17/49 | €78,990 | €48,846 | -€30,144 | -38.2% |
| Amounts payable after more than one year | 17 | €8,024 | €3,023 | -€5,001 | -62.3% |
| Financial debts | 170/4 | €8,024 | €3,023 | -€5,001 | -62.3% |
| Amounts payable within one year | 42/48 | €68,722 | €43,970 | -€24,752 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €17,132 | €12,535 | -€4,597 | -26.8% |
| Trade debts | 44 | €9,081 | €5,980 | -€3,101 | -34.1% |
| Suppliers | 440/4 | €9,081 | €5,980 | -€3,101 | -34.1% |
| Taxes, remuneration and social security | 45 | €30,509 | €15,455 | -€15,054 | -49.3% |
| Taxes | 450/3 | €25,209 | €15,455 | -€9,754 | -38.7% |
| Remuneration and social security | 454/9 | €5,300 | - | -€5,300 | |
| Other amounts payable | 47/48 | €12,000 | €10,000 | -€2,000 | -16.7% |
| Accrued charges and deferred income | 492/3 | €2,244 | €1,853 | -€391 | -17.4% |
| Non-recurring operating income | 76A | €7,260 | - | -€7,260 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,525 | €10,066 | -€3,459 | -25.6% |
| Other operating charges | 640/8 | €317 | €488 | +€171 | +53.9% |
| Gross operating margin | 9900 | €100,307 | €75,761 | -€24,546 | -24.5% |
| Operating profit (loss) | 9901 | €86,465 | €65,207 | -€21,258 | -24.6% |
| Financial income | 75/76B | €425 | €667 | +€242 | +56.9% |
| Recurring financial income | 75 | €425 | €667 | +€242 | +56.9% |
| Financial charges | 65/66B | €1,921 | €1,694 | -€227 | -11.8% |
| Recurring financial charges | 65 | €1,921 | €1,694 | -€227 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €84,969 | €64,180 | -€20,789 | -24.5% |
| Income taxes | 67/77 | €22,454 | €17,735 | -€4,719 | -21.0% |
| Profit (loss) for the period | 9904 | €62,515 | €46,445 | -€16,070 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,515 | €46,445 | -€16,070 | -25.7% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.