B32 Renaissance: 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.
B32 Renaissance
Largest movements
- Receivables within one year -€473,790
down €473,790 (-56.0%), from €845,894 to €372,103
- Other debts -€500,000
no longer reported in 2025 (was €500,000)
- Trade debts +€19,910
up €19,910 (+708%), from €2,811 to €22,721
- Gross operating margin -€49,294
down €49,294, from €45,327 to -€3,967
- Taxes -€16,038
down €16,038 (-92.3%), from €17,372 to €1,334
- Financial income -€10,097
down €10,097 (-37.3%), from €27,049 to €16,952
- Other operating charges -€569
down €569 (-64.7%), from €880 to €311
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,012,990 | €533,745 | -€479,245 | -47.3% |
| Current assets | 29/58 | €1,012,990 | €533,745 | -€479,245 | -47.3% |
| Stocks and contracts in progress | 3 | €159,418 | €159,418 | = | 0.0% |
| Stocks | 30/36 | €159,418 | €159,418 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €845,894 | €372,103 | -€473,790 | -56.0% |
| Other amounts receivable | 41 | €845,894 | €372,103 | -€473,790 | -56.0% |
| Deferred charges and accrued income | 490/1 | €7,678 | €2,223 | -€5,455 | -71.0% |
| Total equity and liabilities | 10/49 | €1,012,990 | €533,745 | -€479,245 | -47.3% |
| Equity | 10/15 | €488,885 | €492,317 | +€3,432 | +0.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €466,885 | €470,317 | +€3,432 | +0.7% |
| Amounts payable | 17/49 | €524,105 | €41,428 | -€482,678 | -92.1% |
| Amounts payable within one year | 42/48 | €524,105 | €41,428 | -€482,678 | -92.1% |
| Trade debts | 44 | €2,811 | €22,721 | +€19,910 | +708% |
| Suppliers | 440/4 | €2,811 | €22,721 | +€19,910 | +708% |
| Taxes, remuneration and social security | 45 | €21,294 | €18,707 | -€2,587 | -12.2% |
| Taxes | 450/3 | €21,294 | €18,707 | -€2,587 | -12.2% |
| Other amounts payable | 47/48 | €500,000 | - | -€500,000 | |
| Other operating charges | 640/8 | €880 | €311 | -€569 | -64.7% |
| Gross operating margin | 9900 | €45,327 | -€3,967 | -€49,294 | |
| Operating profit (loss) | 9901 | €44,447 | -€4,278 | -€48,725 | |
| Financial income | 75/76B | €27,049 | €16,952 | -€10,097 | -37.3% |
| Recurring financial income | 75 | €27,049 | €16,952 | -€10,097 | -37.3% |
| Financial charges | 65/66B | €7,745 | €7,907 | +€162 | +2.1% |
| Recurring financial charges | 65 | €7,745 | €7,907 | +€162 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €63,751 | €4,767 | -€58,984 | -92.5% |
| Income taxes | 67/77 | €17,372 | €1,334 | -€16,038 | -92.3% |
| Profit (loss) for the period | 9904 | €46,379 | €3,432 | -€42,947 | -92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,379 | €3,432 | -€42,947 | -92.6% |
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 26 October 2026 via checked.be.