AU RENOUVEAU: what changed
AU RENOUVEAU
Largest movements
- Cash -€7,980
down €7,980 (-44.4%), from €17,958 to €9,978
mainly Investment in fixed assets (net) (-€23,750) and Other debts (-€13,170)
- Tangible fixed assets +€6,674
up €6,674 (+3.3%), from €204,917 to €211,591
of which Plant, machinery and equipment: +€11,753
- Receivables within one year -€4,474
down €4,474 (-22.9%), from €19,556 to €15,083
of which Trade receivables: -€2,288
- Stocks and contracts +€4,153
up €4,153 (+61.2%), from €6,780 to €10,932
- Trade debts +€20,685
up €20,685 (+110%), from €18,755 to €39,440
- Other debts -€13,170
down €13,170 (-24.5%), from €53,667 to €40,496
- Tax, wage and social debts -€9,565
down €9,565 (-37.4%), from €25,554 to €15,989
of which Taxes: -€6,062
- Debts after one year -€9,050
down €9,050 (-9.5%), from €94,990 to €85,940
- Profit (loss) carried forward +€7,223
up €7,223 (+38.3%), from €18,849 to €26,072
- Gross operating margin +€28,985
up €28,985 (+22.4%), from €129,555 to €158,541
- Staff costs +€20,582
up €20,582 (+20.5%), from €100,368 to €120,950
- Depreciation +€3,097
up €3,097 (+22.2%), from €13,979 to €17,076
- Financial charges +€2,397
up €2,397 (+38.2%), from €6,279 to €8,675
- Taxes +€2,315
up €2,315 (+1,356%), from €171 to €2,485
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €312,700 | €312,006 | -€694 | -0.2% |
| Fixed assets | 21/28 | €204,917 | €211,591 | +€6,674 | +3.3% |
| Tangible fixed assets | 22/27 | €204,917 | €211,591 | +€6,674 | +3.3% |
| Land and buildings | 22 | €163,420 | €156,206 | -€7,214 | -4.4% |
| Plant, machinery and equipment | 23 | €21,551 | €33,304 | +€11,753 | +54.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €19,945 | €22,081 | +€2,135 | +10.7% |
| Current assets | 29/58 | €107,783 | €100,415 | -€7,368 | -6.8% |
| Stocks and contracts in progress | 3 | €6,780 | €10,932 | +€4,153 | +61.2% |
| Stocks | 30/36 | €6,780 | €10,932 | +€4,153 | +61.2% |
| Amounts receivable within one year | 40/41 | €19,556 | €15,083 | -€4,474 | -22.9% |
| Trade receivables | 40 | €5,020 | €2,731 | -€2,288 | -45.6% |
| Other amounts receivable | 41 | €14,537 | €12,351 | -€2,185 | -15.0% |
| Current investments | 50/53 | €62,000 | €62,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,958 | €9,978 | -€7,980 | -44.4% |
| Deferred charges and accrued income | 490/1 | €1,489 | €2,422 | +€933 | +62.7% |
| Total equity and liabilities | 10/49 | €312,700 | €312,006 | -€694 | -0.2% |
| Equity | 10/15 | €92,908 | €100,131 | +€7,223 | +7.8% |
| Contributions | 10/11 | €12,002 | €12,002 | = | 0.0% |
| Reserves | 13 | €62,056 | €62,056 | = | 0.0% |
| Non-distributable reserves | 130/1 | €62,000 | €62,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Own shares acquired | 1312 | €62,000 | €62,000 | = | 0.0% |
| Distributable reserves | 133 | €56 | €56 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,849 | €26,072 | +€7,223 | +38.3% |
| Amounts payable | 17/49 | €219,792 | €211,875 | -€7,917 | -3.6% |
| Amounts payable after more than one year | 17 | €94,990 | €85,940 | -€9,050 | -9.5% |
| Financial debts | 170/4 | €94,990 | €85,940 | -€9,050 | -9.5% |
| Amounts payable within one year | 42/48 | €123,627 | €125,935 | +€2,308 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €20,494 | €27,474 | +€6,981 | +34.1% |
| Financial debts | 43 | €5,158 | €2,536 | -€2,622 | -50.8% |
| Credit institutions | 430/8 | €2,912 | €2,536 | -€376 | -12.9% |
| Other loans | 439 | €2,246 | - | -€2,246 | |
| Trade debts | 44 | €18,755 | €39,440 | +€20,685 | +110% |
| Suppliers | 440/4 | €18,755 | €39,440 | +€20,685 | +110% |
| Taxes, remuneration and social security | 45 | €25,554 | €15,989 | -€9,565 | -37.4% |
| Taxes | 450/3 | €11,092 | €5,031 | -€6,062 | -54.6% |
| Remuneration and social security | 454/9 | €14,461 | €10,958 | -€3,504 | -24.2% |
| Other amounts payable | 47/48 | €53,667 | €40,496 | -€13,170 | -24.5% |
| Accrued charges and deferred income | 492/3 | €1,175 | - | -€1,175 | |
| Remuneration, social security and pensions | 62 | €100,368 | €120,950 | +€20,582 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,979 | €17,076 | +€3,097 | +22.2% |
| Other operating charges | 640/8 | €2,189 | €937 | -€1,252 | -57.2% |
| Non-recurring operating charges | 66A | - | €1,499 | +€1,499 | |
| Gross operating margin | 9900 | €129,555 | €158,541 | +€28,985 | +22.4% |
| Operating profit (loss) | 9901 | €13,019 | €18,080 | +€5,060 | +38.9% |
| Financial income | 75/76B | €0 | €304 | +€304 | +337,878% |
| Recurring financial income | 75 | €0 | €304 | +€304 | +337,878% |
| Financial charges | 65/66B | €6,279 | €8,675 | +€2,397 | +38.2% |
| Recurring financial charges | 65 | €6,279 | €8,675 | +€2,397 | +38.2% |
| Profit (loss) for the period before taxes | 9903 | €6,741 | €9,709 | +€2,968 | +44.0% |
| Income taxes | 67/77 | €171 | €2,485 | +€2,315 | +1,356% |
| Profit (loss) for the period | 9904 | €6,570 | €7,223 | +€653 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,570 | €7,223 | +€653 | +9.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.