BELGIAN RENDERING ENGINEERING: 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.
BELGIAN RENDERING ENGINEERING
Largest movements
- Cash +€67,744
up €67,744 (+409083.4%), from €17 to €67,761
mainly Trade debts (+€80,345) and Stocks and contracts (+€55,000)
- Receivables within one year +€67,572
up €67,572 (+22.2%), from €303,727 to €371,300
of which Trade receivables: +€79,851
- Stocks and contracts -€55,000
down €55,000 (-100.0%), from €55,000 to €0
- Tangible fixed assets -€31,516
down €31,516 (-23.2%), from €135,883 to €104,367
- Deferred charges and accrued income -€12,606
down €12,606 (-68.3%), from €18,465 to €5,858
- Trade debts +€80,345
up €80,345 (+102.0%), from €78,780 to €159,124
- Debts after one year -€31,053
down €31,053 (-34.2%), from €90,687 to €59,634
- Profit (loss) carried forward +€29,718
up €29,718 (+51.8%), from -€57,358 to -€27,640
- Short-term financial debts -€21,282
down €21,282 (-100.0%), from €21,282 to €0
- Tax, wage and social debts -€14,778
down €14,778 (-21.4%), from €68,988 to €54,209
of which Taxes: -€11,302
- Staff costs -€20,578
down €20,578 (-10.7%), from €191,919 to €171,341
- Gross operating margin +€20,424
up €20,424 (+8.7%), from €235,871 to €256,295
- Taxes +€10,507
up €10,507 (+1634.7%), from €643 to €11,149
- Financial income +€5,665
up €5,665 (+159.4%), from €3,555 to €9,220
- Other operating charges -€5,552
down €5,552 (-71.7%), from €7,746 to €2,194
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.
Cash bridge derived
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 | €516,821 | €560,245 | +€43,424 | +8.4% |
| Fixed assets | 21/28 | €139,612 | €106,326 | -€33,286 | -23.8% |
| Intangible fixed assets | 21 | €2,891 | €1,121 | -€1,770 | -61.2% |
| Tangible fixed assets | 22/27 | €135,883 | €104,367 | -€31,516 | -23.2% |
| Plant, machinery and equipment | 23 | €18,004 | €15,529 | -€2,475 | -13.7% |
| Furniture and vehicles | 24 | €44,233 | €34,142 | -€10,090 | -22.8% |
| Leasing and similar rights | 25 | €54,306 | €38,686 | -€15,620 | -28.8% |
| Other tangible fixed assets | 26 | €19,341 | €16,010 | -€3,331 | -17.2% |
| Financial fixed assets | 28 | €838 | €838 | = | 0.0% |
| Current assets | 29/58 | €377,209 | €453,919 | +€76,710 | +20.3% |
| Stocks and contracts in progress | 3 | €55,000 | €0 | -€55,000 | -100.0% |
| Contracts in progress | 37 | €55,000 | €0 | -€55,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €303,727 | €371,300 | +€67,572 | +22.2% |
| Trade receivables | 40 | €93,856 | €173,707 | +€79,851 | +85.1% |
| Other amounts receivable | 41 | €209,871 | €197,593 | -€12,278 | -5.9% |
| Current investments | 50/53 | - | €9,000 | +€9,000 | |
| Cash at bank and in hand | 54/58 | €17 | €67,761 | +€67,744 | +409083.4% |
| Deferred charges and accrued income | 490/1 | €18,465 | €5,858 | -€12,606 | -68.3% |
| Total equity and liabilities | 10/49 | €516,821 | €560,245 | +€43,424 | +8.4% |
| Equity | 10/15 | €226,506 | €256,224 | +€29,718 | +13.1% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €276,363 | €276,363 | = | 0.0% |
| Tax-exempt reserves | 132 | €75,424 | €75,424 | = | 0.0% |
| Distributable reserves | 133 | €200,940 | €200,940 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,358 | -€27,640 | +€29,718 | +51.8% |
| Amounts payable | 17/49 | €290,315 | €304,021 | +€13,706 | +4.7% |
| Amounts payable after more than one year | 17 | €90,687 | €59,634 | -€31,053 | -34.2% |
| Financial debts | 170/4 | €90,687 | €59,634 | -€31,053 | -34.2% |
| Amounts payable within one year | 42/48 | €199,125 | €244,387 | +€45,261 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €30,076 | €31,053 | +€977 | +3.2% |
| Financial debts | 43 | €21,282 | €0 | -€21,282 | -100.0% |
| Credit institutions | 430/8 | €21,282 | €0 | -€21,282 | -100.0% |
| Trade debts | 44 | €78,780 | €159,124 | +€80,345 | +102.0% |
| Suppliers | 440/4 | €78,780 | €159,124 | +€80,345 | +102.0% |
| Taxes, remuneration and social security | 45 | €68,988 | €54,209 | -€14,778 | -21.4% |
| Taxes | 450/3 | €48,060 | €36,758 | -€11,302 | -23.5% |
| Remuneration and social security | 454/9 | €20,928 | €17,452 | -€3,476 | -16.6% |
| Accrued charges and deferred income | 492/3 | €502 | €0 | -€502 | -100.0% |
| Remuneration, social security and pensions | 62 | €191,919 | €171,341 | -€20,578 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,235 | €37,205 | +€2,970 | +8.7% |
| Other operating charges | 640/8 | €7,746 | €2,194 | -€5,552 | -71.7% |
| Gross operating margin | 9900 | €235,871 | €256,295 | +€20,424 | +8.7% |
| Operating profit (loss) | 9901 | €1,971 | €45,555 | +€43,584 | +2211.0% |
| Financial income | 75/76B | €3,555 | €9,220 | +€5,665 | +159.4% |
| Recurring financial income | 75 | €3,555 | €9,220 | +€5,665 | +159.4% |
| Financial charges | 65/66B | €14,334 | €13,908 | -€426 | -3.0% |
| Recurring financial charges | 65 | €14,334 | €13,908 | -€426 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,808 | €40,868 | +€49,675 | |
| Income taxes | 67/77 | €643 | €11,149 | +€10,507 | +1634.7% |
| Profit (loss) for the period | 9904 | -€9,450 | €29,718 | +€39,168 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,450 | €29,718 | +€39,168 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.