BUREAU RENARD: 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.
BUREAU RENARD
Largest movements
- Cash -€7,823
down €7,823 (-16.6%), from €47,011 to €39,188
mainly Contributions, distributions and other (-€19,743) and Other debts (-€15,667)
- Receivables within one year +€734
up €734 (+4.3%), from €16,973 to €17,707
of which Trade receivables: +€2,399
- Reserves +€21,641
up €21,641 (+77.7%), from €27,859 to €49,500
of which Distributable reserves: +€21,641
- Other debts -€15,667
down €15,667 (-95.0%), from €16,500 to €833
- Contributions -€12,400
no longer reported in 2025 (was €12,400)
- Profit (loss) carried forward -€4,102
down €4,102 (-88.2%), from €4,651 to €548
- Tax, wage and social debts +€2,626
up €2,626 (+68.7%), from €3,820 to €6,446
of which Taxes: +€2,615
- Gross operating margin +€11,892
up €11,892 (+42.7%), from €27,847 to €39,738
- Taxes +€5,997
up €5,997 (+97.2%), from €6,170 to €12,167
- Financial charges +€1,489
up €1,489 (+365%), from €408 to €1,897
- Financial income -€403
down €403 (-56.8%), from €710 to €306
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 | €66,269 | €58,499 | -€7,769 | -11.7% |
| Fixed assets | 21/28 | €2,155 | €1,508 | -€647 | -30.0% |
| Tangible fixed assets | 22/27 | €2,155 | €1,508 | -€647 | -30.0% |
| Furniture and vehicles | 24 | €2,155 | €1,508 | -€647 | -30.0% |
| Current assets | 29/58 | €64,114 | €56,991 | -€7,122 | -11.1% |
| Amounts receivable within one year | 40/41 | €16,973 | €17,707 | +€734 | +4.3% |
| Trade receivables | 40 | €14,507 | €16,906 | +€2,399 | +16.5% |
| Other amounts receivable | 41 | €2,466 | €800 | -€1,666 | -67.5% |
| Cash at bank and in hand | 54/58 | €47,011 | €39,188 | -€7,823 | -16.6% |
| Deferred charges and accrued income | 490/1 | €129 | €96 | -€33 | -25.6% |
| Total equity and liabilities | 10/49 | €66,269 | €58,499 | -€7,769 | -11.7% |
| Equity | 10/15 | €44,910 | €50,048 | +€5,138 | +11.4% |
| Contributions | 10/11 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €27,859 | €49,500 | +€21,641 | +77.7% |
| Tax-exempt reserves | 132 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €26,859 | €48,500 | +€21,641 | +80.6% |
| Profit (loss) carried forward | 14 | €4,651 | €548 | -€4,102 | -88.2% |
| Amounts payable | 17/49 | €21,359 | €8,451 | -€12,908 | -60.4% |
| Amounts payable within one year | 42/48 | €20,971 | €8,051 | -€12,920 | -61.6% |
| Trade debts | 44 | €651 | €772 | +€121 | +18.6% |
| Suppliers | 440/4 | €651 | €772 | +€121 | +18.6% |
| Taxes, remuneration and social security | 45 | €3,820 | €6,446 | +€2,626 | +68.7% |
| Taxes | 450/3 | €1,849 | €4,464 | +€2,615 | +141% |
| Remuneration and social security | 454/9 | €1,971 | €1,982 | +€11 | +0.6% |
| Other amounts payable | 47/48 | €16,500 | €833 | -€15,667 | -95.0% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,076 | €1,099 | +€24 | +2.2% |
| Gross operating margin | 9900 | €27,847 | €39,738 | +€11,892 | +42.7% |
| Operating profit (loss) | 9901 | €26,771 | €38,639 | +€11,868 | +44.3% |
| Financial income | 75/76B | €710 | €306 | -€403 | -56.8% |
| Recurring financial income | 75 | €710 | €306 | -€403 | -56.8% |
| Financial charges | 65/66B | €408 | €1,897 | +€1,489 | +365% |
| Recurring financial charges | 65 | €408 | €1,897 | +€1,489 | +365% |
| Profit (loss) for the period before taxes | 9903 | €27,073 | €37,048 | +€9,975 | +36.8% |
| Income taxes | 67/77 | €6,170 | €12,167 | +€5,997 | +97.2% |
| Profit (loss) for the period | 9904 | €20,903 | €24,881 | +€3,978 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,903 | €24,881 | +€3,978 | +19.0% |
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 21 October 2026 via checked.be.