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 -€66,523
no longer reported in 2025 (was €66,523)
mainly Trade debts (-€35,594) and Stocks and contracts (-€15,856)
- Stocks and contracts +€15,856
up €15,856 (+34.9%), from €45,459 to €61,315
of which Stocks: +€15,286
- Tangible fixed assets -€15,278
down €15,278 (-5.5%), from €276,695 to €261,417
of which Land and buildings: -€12,503
- Receivables within one year +€10,820
up €10,820 (+24.4%), from €44,307 to €55,127
of which Trade receivables: +€18,236
- Trade debts -€35,594
down €35,594 (-58.1%), from €61,299 to €25,704
- Other debts -€8,261
down €8,261 (-6.3%), from €131,593 to €123,332
- Profit (loss) carried forward -€5,845
down €5,845 (-3.4%), from €173,465 to €167,620
- Debts after one year -€4,798
down €4,798 (-19.5%), from €24,607 to €19,809
- Other operating charges +€9,291
up €9,291 (+583.0%), from €1,594 to €10,885
- Gross operating margin -€8,553
down €8,553 (-17.5%), from €48,852 to €40,298
- Depreciation -€6,336
down €6,336 (-19.3%), from €32,854 to €26,518
- Financial charges +€5,396
up €5,396 (+175.4%), from €3,075 to €8,471
- Taxes -€2,735
down €2,735 (-87.2%), from €3,137 to €402
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 | €437,274 | €380,700 | -€56,573 | -12.9% |
| Fixed assets | 21/28 | €276,999 | €261,621 | -€15,378 | -5.6% |
| Tangible fixed assets | 22/27 | €276,695 | €261,417 | -€15,278 | -5.5% |
| Land and buildings | 22 | €223,887 | €211,384 | -€12,503 | -5.6% |
| Plant, machinery and equipment | 23 | €3,262 | €5,208 | +€1,947 | +59.7% |
| Furniture and vehicles | 24 | €43,837 | €40,087 | -€3,750 | -8.6% |
| Other tangible fixed assets | 26 | €5,709 | €4,737 | -€972 | -17.0% |
| Financial fixed assets | 28 | €304 | €204 | -€100 | -32.8% |
| Current assets | 29/58 | €160,274 | €119,079 | -€41,195 | -25.7% |
| Stocks and contracts in progress | 3 | €45,459 | €61,315 | +€15,856 | +34.9% |
| Stocks | 30/36 | €33,329 | €48,615 | +€15,286 | +45.9% |
| Contracts in progress | 37 | €12,130 | €12,700 | +€570 | +4.7% |
| Amounts receivable within one year | 40/41 | €44,307 | €55,127 | +€10,820 | +24.4% |
| Trade receivables | 40 | €31,492 | €49,729 | +€18,236 | +57.9% |
| Other amounts receivable | 41 | €12,814 | €5,398 | -€7,417 | -57.9% |
| Current investments | 50/53 | €198 | €199 | +€1 | +0.5% |
| Cash at bank and in hand | 54/58 | €66,523 | - | -€66,523 | |
| Deferred charges and accrued income | 490/1 | €3,787 | €2,439 | -€1,348 | -35.6% |
| Total equity and liabilities | 10/49 | €437,274 | €380,700 | -€56,573 | -12.9% |
| Equity | 10/15 | €203,837 | €197,992 | -€5,845 | -2.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €11,780 | €11,780 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,289 | €4,289 | = | 0.0% |
| Distributable reserves | 133 | €7,491 | €7,491 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,465 | €167,620 | -€5,845 | -3.4% |
| Amounts payable | 17/49 | €233,437 | €182,708 | -€50,728 | -21.7% |
| Amounts payable after more than one year | 17 | €24,607 | €19,809 | -€4,798 | -19.5% |
| Financial debts | 170/4 | €24,607 | €19,809 | -€4,798 | -19.5% |
| Amounts payable within one year | 42/48 | €208,830 | €162,900 | -€45,930 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €14,163 | €10,537 | -€3,625 | -25.6% |
| Financial debts | 43 | - | €696 | +€696 | |
| Credit institutions | 430/8 | - | €696 | +€696 | |
| Trade debts | 44 | €61,299 | €25,704 | -€35,594 | -58.1% |
| Suppliers | 440/4 | €61,299 | €25,704 | -€35,594 | -58.1% |
| Taxes, remuneration and social security | 45 | €1,775 | €2,630 | +€854 | +48.1% |
| Taxes | 450/3 | - | €2,630 | +€2,630 | |
| Remuneration and social security | 454/9 | €1,775 | - | -€1,775 | |
| Other amounts payable | 47/48 | €131,593 | €123,332 | -€8,261 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,854 | €26,518 | -€6,336 | -19.3% |
| Other operating charges | 640/8 | €1,594 | €10,885 | +€9,291 | +583.0% |
| Gross operating margin | 9900 | €48,852 | €40,298 | -€8,553 | -17.5% |
| Operating profit (loss) | 9901 | €14,403 | €2,895 | -€11,508 | -79.9% |
| Financial income | 75/76B | €45 | €133 | +€88 | +198.0% |
| Recurring financial income | 75 | €45 | €133 | +€88 | +198.0% |
| Financial charges | 65/66B | €3,075 | €8,471 | +€5,396 | +175.4% |
| Recurring financial charges | 65 | €3,075 | €8,471 | +€5,396 | +175.4% |
| Profit (loss) for the period before taxes | 9903 | €11,373 | -€5,443 | -€16,816 | |
| Income taxes | 67/77 | €3,137 | €402 | -€2,735 | -87.2% |
| Profit (loss) for the period | 9904 | €8,235 | -€5,845 | -€14,080 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,235 | -€5,845 | -€14,080 |
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 12 October 2026 via checked.be.