FERME RENARD: what changed
What changed
FERME RENARD
NACE 01.130, Growing of vegetables, melons, roots and tubers
filed annual accounts (NBB)
Net result for the year
€87,036
2024 · €62,472+€24,564
Equity
€633,016
2024 · €545,980+€87,036
Cash
€139,492
2024 · €249,029-€109,537
Balance sheet total
€1.3m
2024 · €1.4m-€34,371
Largest movements
Assets
- Tangible fixed assets +€131,639
up €131,639 (+18.0%), from €729,631 to €861,271
of which Furniture and vehicles: +€220,050
- Cash -€109,537
down €109,537 (-44.0%), from €249,029 to €139,492
mainly Investment in fixed assets (net) (-€302,916) and Debts after one year (-€212,486)
- Receivables within one year -€85,865
down €85,865 (-30.2%), from €284,055 to €198,190
of which Trade receivables: -€155,230
- Stocks and contracts +€31,879
up €31,879 (+38.5%), from €82,818 to €114,698
Equity and liabilities
- Debts after one year -€212,486
down €212,486 (-48.7%), from €436,543 to €224,057
- Trade debts +€106,943
up €106,943 (+44.1%), from €242,382 to €349,325
- Reserves +€85,644
up €85,644 (+16.7%), from €512,474 to €598,118
of which Tax-exempt reserves: +€53,644
- Current portion of long-term debt -€28,571
down €28,571 (-29.1%), from €98,200 to €69,629
- Provisions +€17,667
up €17,667 (+109%), from €16,240 to €33,907
Income statement
- Gross operating margin +€25,769
up €25,769 (+9.7%), from €264,553 to €290,323
- Taxes -€18,489
down €18,489 (-99.7%), from €18,541 to €52
- Depreciation -€11,092
down €11,092 (-6.1%), from €182,369 to €171,277
- Provisions +€8,000
no longer reported in 2025 (was -€8,000)
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.
Result 2024
€62,472
Gross operating margin
+€25,769
Depreciation
+€11,092
Provisions
-€8,000
Other operating charges
+€2,140
Financial income
-€23
Financial charges
-€510
Taxes
+€18,489
Deferred taxes and other
-€24,394
Result 2025
€87,036
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€434,436
Investment
-€302,916
Financing
-€241,057
Cash 2024
€249,029
From operations (derived)
+€434,436
Net result for the year
+€87,036
Depreciation
+€171,277
Stocks and contracts
-€31,879
Receivables within one year
+€85,865
Deferred charges and accrued income
+€2,488
Provisions
+€17,667
Trade debts
+€106,943
Tax, wage and social debts
-€3,161
Other debts
-€1,997
Accrued charges and deferred income
+€198
Investment (derived)
-€302,916
Investment in fixed assets (net)
-€302,916
Financing
-€241,057
Debts after one year
-€212,486
Current portion of long-term debt
-€28,571
Cash 2025
€139,492
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,364,694 | €1,330,323 | -€34,371 | -2.5% |
| Fixed assets | 21/28 | €744,725 | €876,365 | +€131,639 | +17.7% |
| Tangible fixed assets | 22/27 | €729,631 | €861,271 | +€131,639 | +18.0% |
| Land and buildings | 22 | €23,507 | €18,798 | -€4,708 | -20.0% |
| Plant, machinery and equipment | 23 | €285,253 | €201,550 | -€83,702 | -29.3% |
| Furniture and vehicles | 24 | €420,872 | €640,922 | +€220,050 | +52.3% |
| Financial fixed assets | 28 | €15,094 | €15,094 | = | 0.0% |
| Current assets | 29/58 | €619,969 | €453,958 | -€166,011 | -26.8% |
| Stocks and contracts in progress | 3 | €82,818 | €114,698 | +€31,879 | +38.5% |
| Stocks | 30/36 | €82,818 | €114,698 | +€31,879 | +38.5% |
| Amounts receivable within one year | 40/41 | €284,055 | €198,190 | -€85,865 | -30.2% |
| Trade receivables | 40 | €282,884 | €127,654 | -€155,230 | -54.9% |
| Other amounts receivable | 41 | €1,171 | €70,536 | +€69,365 | +5,924% |
| Cash at bank and in hand | 54/58 | €249,029 | €139,492 | -€109,537 | -44.0% |
| Deferred charges and accrued income | 490/1 | €4,067 | €1,579 | -€2,488 | -61.2% |
| Total equity and liabilities | 10/49 | €1,364,694 | €1,330,323 | -€34,371 | -2.5% |
| Equity | 10/15 | €545,980 | €633,016 | +€87,036 | +15.9% |
| Contributions | 10/11 | €22,400 | €22,400 | = | 0.0% |
| Reserves | 13 | €512,474 | €598,118 | +€85,644 | +16.7% |
| Non-distributable reserves | 130/1 | €2,240 | €2,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,240 | €2,240 | = | 0.0% |
| Tax-exempt reserves | 132 | €76,234 | €129,878 | +€53,644 | +70.4% |
| Distributable reserves | 133 | €434,000 | €466,000 | +€32,000 | +7.4% |
| Profit (loss) carried forward | 14 | €11,106 | €12,498 | +€1,392 | +12.5% |
| Provisions and deferred taxes | 16 | €16,240 | €33,907 | +€17,667 | +109% |
| Deferred taxes | 168 | €16,240 | €33,907 | +€17,667 | +109% |
| Amounts payable | 17/49 | €802,475 | €663,401 | -€139,074 | -17.3% |
| Amounts payable after more than one year | 17 | €436,543 | €224,057 | -€212,486 | -48.7% |
| Financial debts | 170/4 | €436,543 | €224,057 | -€212,486 | -48.7% |
| Amounts payable within one year | 42/48 | €365,932 | €439,146 | +€73,214 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €98,200 | €69,629 | -€28,571 | -29.1% |
| Trade debts | 44 | €242,382 | €349,325 | +€106,943 | +44.1% |
| Suppliers | 440/4 | €242,382 | €349,325 | +€106,943 | +44.1% |
| Taxes, remuneration and social security | 45 | €23,350 | €20,189 | -€3,161 | -13.5% |
| Taxes | 450/3 | €23,350 | €18,389 | -€4,961 | -21.2% |
| Remuneration and social security | 454/9 | - | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | €2,000 | €3 | -€1,997 | -99.8% |
| Accrued charges and deferred income | 492/3 | - | €198 | +€198 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,369 | €171,277 | -€11,092 | -6.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€8,000 | - | +€8,000 | |
| Other operating charges | 640/8 | €3,814 | €1,674 | -€2,140 | -56.1% |
| Gross operating margin | 9900 | €264,553 | €290,323 | +€25,769 | +9.7% |
| Operating profit (loss) | 9901 | €86,371 | €117,372 | +€31,001 | +35.9% |
| Financial income | 75/76B | €524 | €501 | -€23 | -4.4% |
| Recurring financial income | 75 | €524 | €501 | -€23 | -4.4% |
| Financial charges | 65/66B | €12,608 | €13,118 | +€510 | +4.0% |
| Recurring financial charges | 65 | €12,608 | €13,118 | +€510 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €74,286 | €104,755 | +€30,468 | +41.0% |
| Transfer from deferred taxes | 780 | €6,727 | €6,937 | +€210 | +3.1% |
| Transfer to deferred taxes | 680 | - | €24,604 | +€24,604 | |
| Income taxes | 67/77 | €18,541 | €52 | -€18,489 | -99.7% |
| Profit (loss) for the period | 9904 | €62,472 | €87,036 | +€24,564 | +39.3% |
| Transfer from tax-exempt reserves | 789 | €19,537 | €20,168 | +€631 | +3.2% |
| Transfer to tax-exempt reserves | 689 | - | €73,812 | +€73,812 | |
| Profit (loss) for the period to be appropriated | 9905 | €82,009 | €33,392 | -€48,617 | -59.3% |
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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.