RENHOTLINE: 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.
RENHOTLINE
Largest movements
- Cash +€25,849
up €25,849 (+1,832%), from €1,411 to €27,260
mainly Net result for the year (+€33,819) and Tax, wage and social debts (+€10,056)
- Receivables within one year +€19,627
up €19,627 (+125%), from €15,747 to €35,374
of which Trade receivables: +€21,109
- Deferred charges and accrued income +€3,143
new in 2025: €3,143
- Tangible fixed assets +€1,742
up €1,742 (+56.3%), from €3,096 to €4,838
- Profit (loss) carried forward +€33,819
up €33,819 (+3,159%), from €1,070 to €34,890
- Tax, wage and social debts +€10,056
up €10,056 (+130%), from €7,720 to €17,776
of which Taxes: +€13,377
- Trade debts +€6,486
new in 2025: €6,486
- Gross operating margin +€47,679
up €47,679 (+250%), from €19,064 to €66,742
- Taxes +€8,350
new in 2025: €8,350
- Staff costs -€3,112
down €3,112 (-12.6%), from €24,697 to €21,585
- Depreciation +€681
up €681 (+50.3%), from €1,354 to €2,034
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 | €20,253 | €70,614 | +€50,361 | +249% |
| Fixed assets | 21/28 | €3,096 | €4,838 | +€1,742 | +56.3% |
| Tangible fixed assets | 22/27 | €3,096 | €4,838 | +€1,742 | +56.3% |
| Plant, machinery and equipment | 23 | €3,096 | €4,838 | +€1,742 | +56.3% |
| Current assets | 29/58 | €17,158 | €65,777 | +€48,619 | +283% |
| Amounts receivable within one year | 40/41 | €15,747 | €35,374 | +€19,627 | +125% |
| Trade receivables | 40 | €9,574 | €30,683 | +€21,109 | +220% |
| Other amounts receivable | 41 | €6,172 | €4,691 | -€1,482 | -24.0% |
| Cash at bank and in hand | 54/58 | €1,411 | €27,260 | +€25,849 | +1,832% |
| Deferred charges and accrued income | 490/1 | - | €3,143 | +€3,143 | |
| Total equity and liabilities | 10/49 | €20,253 | €70,614 | +€50,361 | +249% |
| Equity | 10/15 | €2,570 | €36,390 | +€33,819 | +1,316% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,070 | €34,890 | +€33,819 | +3,159% |
| Amounts payable | 17/49 | €17,683 | €34,225 | +€16,542 | +93.5% |
| Amounts payable within one year | 42/48 | €17,683 | €34,225 | +€16,542 | +93.5% |
| Trade debts | 44 | - | €6,486 | +€6,486 | |
| Suppliers | 440/4 | - | €6,486 | +€6,486 | |
| Advances received on contracts in progress | 46 | €9,963 | €9,963 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,720 | €17,776 | +€10,056 | +130% |
| Taxes | 450/3 | €4,250 | €17,627 | +€13,377 | +315% |
| Remuneration and social security | 454/9 | €3,470 | €148 | -€3,322 | -95.7% |
| Remuneration, social security and pensions | 62 | €24,697 | €21,585 | -€3,112 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,354 | €2,034 | +€681 | +50.3% |
| Other operating charges | 640/8 | €728 | €631 | -€97 | -13.3% |
| Gross operating margin | 9900 | €19,064 | €66,742 | +€47,679 | +250% |
| Operating profit (loss) | 9901 | -€7,714 | €42,492 | +€50,207 | |
| Financial income | 75/76B | €292 | €0 | -€292 | -100.0% |
| Recurring financial income | 75 | €292 | €0 | -€292 | -100.0% |
| Financial charges | 65/66B | €666 | €323 | -€343 | -51.5% |
| Recurring financial charges | 65 | €666 | €323 | -€343 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,088 | €42,170 | +€50,258 | |
| Income taxes | 67/77 | - | €8,350 | +€8,350 | |
| Profit (loss) for the period | 9904 | -€8,088 | €33,819 | +€41,907 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,088 | €33,819 | +€41,907 |
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 13 October 2026 via checked.be.