BILLAS - RENARD: what changed
BILLAS - RENARD
Largest movements
- Cash +€26,424
up €26,424 (+63.0%), from €41,964 to €68,389
mainly Net result for the year (+€21,553) and Depreciation (+€20,373)
- Tangible fixed assets -€16,728
down €16,728 (-25.8%), from €64,941 to €48,214
of which Furniture and vehicles: -€14,454
- Receivables within one year +€4,714
up €4,714 (+23.5%), from €20,083 to €24,797
of which Trade receivables: +€8,588
- Stocks and contracts +€3,233
up €3,233 (+3.3%), from €97,934 to €101,167
- Debts after one year -€12,831
down €12,831 (-42.0%), from €30,517 to €17,686
- Reserves +€10,000
up €10,000 (+37.8%), from €26,460 to €36,460
- Profit (loss) carried forward +€9,887
up €9,887 (+16.0%), from €61,664 to €71,551
- Tax, wage and social debts +€6,766
up €6,766 (+46.1%), from €14,678 to €21,443
of which Taxes: +€6,237
- Trade debts +€4,887
up €4,887 (+8.6%), from €56,663 to €61,550
- Staff costs -€37,601
down €37,601 (-28.9%), from €130,080 to €92,479
- Taxes +€8,058
up €8,058 (+552%), from €1,460 to €9,517
- Gross operating margin -€6,660
down €6,660 (-4.3%), from €154,799 to €148,140
- Depreciation -€3,606
down €3,606 (-15.0%), from €23,979 to €20,373
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 | €227,340 | €242,567 | +€15,227 | +6.7% |
| Fixed assets | 21/28 | €64,941 | €48,214 | -€16,728 | -25.8% |
| Tangible fixed assets | 22/27 | €64,941 | €48,214 | -€16,728 | -25.8% |
| Plant, machinery and equipment | 23 | €14,511 | €12,237 | -€2,274 | -15.7% |
| Furniture and vehicles | 24 | €50,431 | €35,977 | -€14,454 | -28.7% |
| Current assets | 29/58 | €162,399 | €194,353 | +€31,954 | +19.7% |
| Stocks and contracts in progress | 3 | €97,934 | €101,167 | +€3,233 | +3.3% |
| Stocks | 30/36 | €97,934 | €101,167 | +€3,233 | +3.3% |
| Amounts receivable within one year | 40/41 | €20,083 | €24,797 | +€4,714 | +23.5% |
| Trade receivables | 40 | €14,498 | €23,086 | +€8,588 | +59.2% |
| Other amounts receivable | 41 | €5,584 | €1,711 | -€3,873 | -69.4% |
| Cash at bank and in hand | 54/58 | €41,964 | €68,389 | +€26,424 | +63.0% |
| Deferred charges and accrued income | 490/1 | €2,417 | - | -€2,417 | |
| Total equity and liabilities | 10/49 | €227,340 | €242,567 | +€15,227 | +6.7% |
| Equity | 10/15 | €106,724 | €126,611 | +€19,887 | +18.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,460 | €36,460 | +€10,000 | +37.8% |
| Distributable reserves | 133 | €26,460 | €36,460 | +€10,000 | +37.8% |
| Profit (loss) carried forward | 14 | €61,664 | €71,551 | +€9,887 | +16.0% |
| Amounts payable | 17/49 | €120,616 | €115,955 | -€4,661 | -3.9% |
| Amounts payable after more than one year | 17 | €30,517 | €17,686 | -€12,831 | -42.0% |
| Financial debts | 170/4 | €30,517 | €17,686 | -€12,831 | -42.0% |
| Amounts payable within one year | 42/48 | €90,099 | €98,269 | +€8,170 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €14,798 | €12,831 | -€1,967 | -13.3% |
| Trade debts | 44 | €56,663 | €61,550 | +€4,887 | +8.6% |
| Suppliers | 440/4 | €56,663 | €61,550 | +€4,887 | +8.6% |
| Taxes, remuneration and social security | 45 | €14,678 | €21,443 | +€6,766 | +46.1% |
| Taxes | 450/3 | €1,780 | €8,017 | +€6,237 | +350% |
| Remuneration and social security | 454/9 | €12,898 | €13,426 | +€529 | +4.1% |
| Other amounts payable | 47/48 | €3,960 | €2,445 | -€1,515 | -38.3% |
| Remuneration, social security and pensions | 62 | €130,080 | €92,479 | -€37,601 | -28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,979 | €20,373 | -€3,606 | -15.0% |
| Other operating charges | 640/8 | €1,909 | €1,965 | +€56 | +2.9% |
| Gross operating margin | 9900 | €154,799 | €148,140 | -€6,660 | -4.3% |
| Operating profit (loss) | 9901 | -€1,168 | €33,323 | +€34,491 | |
| Financial income | 75/76B | €72 | €127 | +€56 | +77.4% |
| Recurring financial income | 75 | €72 | €127 | +€56 | +77.4% |
| Financial charges | 65/66B | €2,998 | €2,380 | -€619 | -20.6% |
| Recurring financial charges | 65 | €2,998 | €2,380 | -€619 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,095 | €31,071 | +€35,165 | |
| Income taxes | 67/77 | €1,460 | €9,517 | +€8,058 | +552% |
| Profit (loss) for the period | 9904 | -€5,554 | €21,553 | +€27,108 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,554 | €21,553 | +€27,108 |
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 4 November 2026 via checked.be.