Glenn 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.
Glenn Renard
Largest movements
- Receivables within one year +€21,709
up €21,709 (+58.6%), from €37,030 to €58,739
of which Trade receivables: +€18,959
- Reserves +€14,019
up €14,019 (+149%), from €9,421 to €23,440
of which Distributable reserves: +€14,019
- Tax, wage and social debts +€4,341
up €4,341 (+36.9%), from €11,752 to €16,093
of which Taxes: +€6,816
- Trade debts +€3,224
up €3,224 (+85.7%), from €3,763 to €6,987
- Gross operating margin +€35,345
up €35,345, from -€21,700 to €13,645
- Financial income +€2,048
up €2,048 (+93.5%), from €2,190 to €4,238
- Taxes +€1,897
new in 2024: €1,897
- Financial charges +€881
up €881 (+305%), from €289 to €1,170
- Depreciation -€371
no longer reported in 2024 (was €371)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,336 | €58,921 | +€21,585 | +57.8% |
| Current assets | 29/58 | €37,336 | €58,921 | +€21,585 | +57.8% |
| Amounts receivable within one year | 40/41 | €37,030 | €58,739 | +€21,709 | +58.6% |
| Trade receivables | 40 | - | €18,959 | +€18,959 | |
| Other amounts receivable | 41 | €37,030 | €39,780 | +€2,750 | +7.4% |
| Cash at bank and in hand | 54/58 | €306 | €182 | -€124 | -40.6% |
| Total equity and liabilities | 10/49 | €37,336 | €58,921 | +€21,585 | +57.8% |
| Equity | 10/15 | €21,821 | €35,840 | +€14,019 | +64.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €9,421 | €23,440 | +€14,019 | +149% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,561 | €21,580 | +€14,019 | +185% |
| Amounts payable | 17/49 | €15,516 | €23,081 | +€7,565 | +48.8% |
| Amounts payable within one year | 42/48 | €15,516 | €23,081 | +€7,565 | +48.8% |
| Trade debts | 44 | €3,763 | €6,987 | +€3,224 | +85.7% |
| Suppliers | 440/4 | €3,763 | €6,987 | +€3,224 | +85.7% |
| Taxes, remuneration and social security | 45 | €11,752 | €16,093 | +€4,341 | +36.9% |
| Taxes | 450/3 | €6,802 | €13,618 | +€6,816 | +100% |
| Remuneration and social security | 454/9 | €4,950 | €2,475 | -€2,475 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €371 | - | -€371 | |
| Other operating charges | 640/8 | €480 | €796 | +€317 | +66.1% |
| Gross operating margin | 9900 | -€21,700 | €13,645 | +€35,345 | |
| Operating profit (loss) | 9901 | -€22,551 | €12,849 | +€35,400 | |
| Financial income | 75/76B | €2,190 | €4,238 | +€2,048 | +93.5% |
| Recurring financial income | 75 | €2,190 | €4,238 | +€2,048 | +93.5% |
| Financial charges | 65/66B | €289 | €1,170 | +€881 | +305% |
| Recurring financial charges | 65 | €289 | €1,170 | +€881 | +305% |
| Profit (loss) for the period before taxes | 9903 | -€20,649 | €15,917 | +€36,566 | |
| Income taxes | 67/77 | - | €1,897 | +€1,897 | |
| Profit (loss) for the period | 9904 | -€20,649 | €14,019 | +€34,669 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,649 | €14,019 | +€34,669 |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.