T-RENO: 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.
T-RENO
Largest movements
- Receivables within one year -€61,040
down €61,040 (-38.9%), from €157,059 to €96,019
- Other debts -€44,853
no longer reported in 2024 (was €44,853)
- Reserves -€22,000
down €22,000 (-20.1%), from €109,550 to €87,550
- Profit (loss) carried forward +€12,596
up €12,596, from -€11,650 to €946
- Tax, wage and social debts -€3,602
down €3,602 (-91.2%), from €3,949 to €347
- Trade debts -€2,755
down €2,755 (-89.9%), from €3,063 to €309
- Financial charges +€13,036
up €13,036 (+1,672%), from €780 to €13,815
of which Non-recurring financial charges: +€12,792
- Write-downs -€9,650
no longer reported in 2024 (was €9,650)
- Financial income +€1,600
up €1,600 (+26.3%), from €6,090 to €7,691
- Gross operating margin -€1,110
down €1,110 (-94.0%), from -€1,180 to -€2,289
- Other operating charges +€486
up €486 (+331%), from €147 to €633
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,499 | €97,212 | -€61,287 | -38.7% |
| Fixed assets | 21/28 | €1,430 | €1,073 | -€358 | -25.0% |
| Tangible fixed assets | 22/27 | €1,430 | €1,073 | -€358 | -25.0% |
| Furniture and vehicles | 24 | €1,430 | €1,073 | -€358 | -25.0% |
| Current assets | 29/58 | €157,069 | €96,140 | -€60,930 | -38.8% |
| Amounts receivable within one year | 40/41 | €157,059 | €96,019 | -€61,040 | -38.9% |
| Other amounts receivable | 41 | €157,059 | €96,019 | -€61,040 | -38.9% |
| Cash at bank and in hand | 54/58 | €10 | €121 | +€111 | +1,075% |
| Total equity and liabilities | 10/49 | €158,499 | €97,212 | -€61,287 | -38.7% |
| Equity | 10/15 | €105,960 | €96,556 | -€9,404 | -8.9% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €109,550 | €87,550 | -€22,000 | -20.1% |
| Distributable reserves | 133 | €109,550 | €87,550 | -€22,000 | -20.1% |
| Profit (loss) carried forward | 14 | -€11,650 | €946 | +€12,596 | |
| Amounts payable | 17/49 | €52,539 | €656 | -€51,883 | -98.8% |
| Amounts payable within one year | 42/48 | €51,866 | €656 | -€51,210 | -98.7% |
| Trade debts | 44 | €3,063 | €309 | -€2,755 | -89.9% |
| Suppliers | 440/4 | €3,063 | €309 | -€2,755 | -89.9% |
| Taxes, remuneration and social security | 45 | €3,949 | €347 | -€3,602 | -91.2% |
| Taxes | 450/3 | €3,949 | €347 | -€3,602 | -91.2% |
| Other amounts payable | 47/48 | €44,853 | - | -€44,853 | |
| Accrued charges and deferred income | 492/3 | €673 | - | -€673 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €358 | €358 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,650 | - | -€9,650 | |
| Other operating charges | 640/8 | €147 | €633 | +€486 | +331% |
| Gross operating margin | 9900 | -€1,180 | -€2,289 | -€1,110 | -94.0% |
| Operating profit (loss) | 9901 | -€11,334 | -€3,279 | +€8,054 | +71.1% |
| Financial income | 75/76B | €6,090 | €7,691 | +€1,600 | +26.3% |
| Recurring financial income | 75 | €6,090 | €7,691 | +€1,600 | +26.3% |
| Financial charges | 65/66B | €780 | €13,815 | +€13,036 | +1,672% |
| Recurring financial charges | 65 | €780 | €1,024 | +€244 | +31.3% |
| Non-recurring financial charges | 66B | - | €12,792 | +€12,792 | |
| Profit (loss) for the period before taxes | 9903 | -€6,023 | -€9,404 | -€3,381 | -56.1% |
| Income taxes | 67/77 | -€78 | - | +€78 | |
| Profit (loss) for the period | 9904 | -€5,945 | -€9,404 | -€3,459 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,945 | -€9,404 | -€3,459 | -58.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.