FORM'ACTION ANDRE 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.
FORM'ACTION ANDRE RENARD
Largest movements
- Cash +€197,288
up €197,288 (+61.1%), from €322,900 to €520,188
mainly Receivables within one year (+€160,610) and Net result for the year (+€66,064)
- Receivables within one year -€160,610
down €160,610 (-89.9%), from €178,581 to €17,971
of which Other amounts receivable: -€157,789
- Tangible fixed assets -€19,419
down €19,419 (-42.3%), from €45,897 to €26,478
of which Other tangible fixed assets: -€10,419
- Receivables after one year -€8,326
no longer reported in 2025 (was €8,326)
- Profit (loss) carried forward +€66,064
up €66,064 (+80.9%), from €81,622 to €147,686
- Provisions -€49,690
down €49,690 (-85.3%), from €58,285 to €8,595
- Debts after one year -€15,000
down €15,000 (-11.1%), from €135,000 to €120,000
- Debts within one year +€11,297
up €11,297 (+3.9%), from €288,866 to €300,163
of which Tax, wage and social debts: +€14,577
No income-statement line moved by more than 1% of the activity.
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 | €571,270 | €581,449 | +€10,179 | +1.8% |
| Fixed assets | 21/28 | €51,065 | €31,646 | -€19,419 | -38.0% |
| Tangible fixed assets | 22/27 | €45,897 | €26,478 | -€19,419 | -42.3% |
| Furniture and vehicles | 24 | €10,936 | €1,936 | -€9,000 | -82.3% |
| Other tangible fixed assets | 26 | €34,961 | €24,542 | -€10,419 | -29.8% |
| Financial fixed assets | 28 | €5,168 | €5,168 | = | 0.0% |
| Current assets | 29/58 | €520,205 | €549,803 | +€29,598 | +5.7% |
| Amounts receivable after more than one year | 29 | €8,326 | - | -€8,326 | |
| Other amounts receivable | 291 | €8,326 | - | -€8,326 | |
| Amounts receivable within one year | 40/41 | €178,581 | €17,971 | -€160,610 | -89.9% |
| Trade receivables | 40 | €10,692 | €7,871 | -€2,821 | -26.4% |
| Other amounts receivable | 41 | €167,889 | €10,100 | -€157,789 | -94.0% |
| Cash at bank and in hand | 54/58 | €322,900 | €520,188 | +€197,288 | +61.1% |
| Deferred charges and accrued income | 490/1 | €10,398 | €11,644 | +€1,246 | +12.0% |
| Total equity and liabilities | 10/49 | €571,270 | €581,449 | +€10,179 | +1.8% |
| Equity | 10/15 | €88,875 | €152,521 | +€63,646 | +71.6% |
| Profit (loss) carried forward | 14 | €81,622 | €147,686 | +€66,064 | +80.9% |
| Investment grants | 15 | €7,253 | €4,835 | -€2,418 | -33.3% |
| Provisions and deferred taxes | 16 | €58,285 | €8,595 | -€49,690 | -85.3% |
| Provisions for liabilities and charges | 160/5 | €58,285 | €8,595 | -€49,690 | -85.3% |
| Pensions and similar obligations | 160 | €58,285 | €8,595 | -€49,690 | -85.3% |
| Amounts payable | 17/49 | €424,110 | €420,333 | -€3,777 | -0.9% |
| Amounts payable after more than one year | 17 | €135,000 | €120,000 | -€15,000 | -11.1% |
| Other amounts payable | 178/9 | €135,000 | €120,000 | -€15,000 | -11.1% |
| Amounts payable within one year | 42/48 | €288,866 | €300,163 | +€11,297 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €37,173 | €33,893 | -€3,280 | -8.8% |
| Suppliers | 440/4 | €37,173 | €33,893 | -€3,280 | -8.8% |
| Taxes, remuneration and social security | 45 | €235,352 | €249,929 | +€14,577 | +6.2% |
| Taxes | 450/3 | €53,936 | €50,444 | -€3,492 | -6.5% |
| Remuneration and social security | 454/9 | €181,416 | €199,485 | +€18,069 | +10.0% |
| Accrued charges and deferred income | 492/3 | €244 | €170 | -€74 | -30.3% |
| Turnover | 70 | €171,608 | €159,673 | -€11,935 | -7.0% |
| Membership fees, donations, legacies and grants | 73 | €1,415,787 | €1,356,883 | -€58,904 | -4.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €203,658 | €195,650 | -€8,008 | -3.9% |
| Remuneration, social security and pensions | 62 | €1,380,658 | €1,390,911 | +€10,253 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,829 | €19,419 | -€1,410 | -6.8% |
| Other operating charges | 640/8 | €16,791 | €16,076 | -€715 | -4.3% |
| Gross operating margin | 9900 | €1,424,632 | €1,435,095 | +€10,463 | +0.7% |
| Operating profit (loss) | 9901 | €54,240 | €58,379 | +€4,139 | +7.6% |
| Financial income | 75/76B | €11,463 | €7,897 | -€3,566 | -31.1% |
| Recurring financial income | 75 | €11,463 | €7,897 | -€3,566 | -31.1% |
| Financial charges | 65/66B | €96 | €212 | +€116 | +121% |
| Recurring financial charges | 65 | €96 | €212 | +€116 | +121% |
| Profit (loss) for the period before taxes | 9903 | €65,607 | €66,064 | +€457 | +0.7% |
| Profit (loss) for the period | 9904 | €65,607 | €66,064 | +€457 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €65,607 | €66,064 | +€457 | +0.7% |
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 25 October 2026 via checked.be.