RENTON: 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.
RENTON
Largest movements
- Cash -€317,560
down €317,560 (-81.8%), from €388,398 to €70,838
mainly Investment in fixed assets (net) (-€223,540) and Other debts (-€206,758)
- Tangible fixed assets +€35,867
up €35,867 (+3.1%), from €1.1m to €1.2m
of which Leasing and similar rights: +€40,402
- Other debts -€206,758
down €206,758 (-92.0%), from €224,773 to €18,016
- Debts after one year -€90,293
down €90,293 (-12.6%), from €713,972 to €623,679
- Reserves +€36,750
up €36,750 (+6.0%), from €607,833 to €644,583
of which Distributable reserves: +€36,750
- Gross operating margin +€14,321
up €14,321 (+5.7%), from €249,742 to €264,063
- Depreciation +€13,816
up €13,816 (+7.9%), from €173,856 to €187,672
- Financial charges +€13,123
up €13,123 (+69.6%), from €18,841 to €31,964
- Taxes +€4,387
up €4,387 (+80.3%), from €5,464 to €9,851
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 | €1,722,530 | €1,439,748 | -€282,783 | -16.4% |
| Fixed assets | 21/28 | €1,149,322 | €1,185,189 | +€35,867 | +3.1% |
| Tangible fixed assets | 22/27 | €1,149,322 | €1,185,189 | +€35,867 | +3.1% |
| Plant, machinery and equipment | 23 | €1,120,304 | €1,115,418 | -€4,886 | -0.4% |
| Furniture and vehicles | 24 | €29,019 | €18,869 | -€10,150 | -35.0% |
| Leasing and similar rights | 25 | - | €40,402 | +€40,402 | |
| Assets under construction and advance payments | 27 | - | €10,500 | +€10,500 | |
| Current assets | 29/58 | €573,208 | €254,558 | -€318,650 | -55.6% |
| Amounts receivable within one year | 40/41 | €182,598 | €181,669 | -€930 | -0.5% |
| Trade receivables | 40 | €173,683 | €152,180 | -€21,503 | -12.4% |
| Other amounts receivable | 41 | €8,915 | €29,489 | +€20,574 | +231% |
| Cash at bank and in hand | 54/58 | €388,398 | €70,838 | -€317,560 | -81.8% |
| Deferred charges and accrued income | 490/1 | €2,211 | €2,051 | -€160 | -7.2% |
| Total equity and liabilities | 10/49 | €1,722,530 | €1,439,748 | -€282,783 | -16.4% |
| Equity | 10/15 | €622,833 | €659,583 | +€36,750 | +5.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €607,833 | €644,583 | +€36,750 | +6.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €587,223 | €623,973 | +€36,750 | +6.3% |
| Amounts payable | 17/49 | €1,099,698 | €780,165 | -€319,533 | -29.1% |
| Amounts payable after more than one year | 17 | €713,972 | €623,679 | -€90,293 | -12.6% |
| Financial debts | 170/4 | €713,972 | €623,679 | -€90,293 | -12.6% |
| Amounts payable within one year | 42/48 | €385,725 | €156,486 | -€229,239 | -59.4% |
| Current portion of amounts payable after more than one year | 42 | €139,301 | €131,297 | -€8,004 | -5.7% |
| Trade debts | 44 | €5,189 | €1,189 | -€4,000 | -77.1% |
| Suppliers | 440/4 | €5,189 | €1,189 | -€4,000 | -77.1% |
| Taxes, remuneration and social security | 45 | €16,462 | €5,984 | -€10,478 | -63.6% |
| Taxes | 450/3 | €7,573 | - | -€7,573 | |
| Remuneration and social security | 454/9 | €8,889 | €5,984 | -€2,905 | -32.7% |
| Other amounts payable | 47/48 | €224,773 | €18,016 | -€206,758 | -92.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,856 | €187,672 | +€13,816 | +7.9% |
| Gross operating margin | 9900 | €249,742 | €264,063 | +€14,321 | +5.7% |
| Operating profit (loss) | 9901 | €75,886 | €76,391 | +€505 | +0.7% |
| Financial income | 75/76B | €3,058 | €2,174 | -€884 | -28.9% |
| Recurring financial income | 75 | €3,058 | €2,174 | -€884 | -28.9% |
| Financial charges | 65/66B | €18,841 | €31,964 | +€13,123 | +69.6% |
| Recurring financial charges | 65 | €18,841 | €31,964 | +€13,123 | +69.6% |
| Profit (loss) for the period before taxes | 9903 | €60,103 | €46,601 | -€13,502 | -22.5% |
| Income taxes | 67/77 | €5,464 | €9,851 | +€4,387 | +80.3% |
| Profit (loss) for the period | 9904 | €54,639 | €36,750 | -€17,889 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,639 | €36,750 | -€17,889 | -32.7% |
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 23 October 2026 via checked.be.