La Renaissance: what changed
Two fiscal 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.
What changed
La Renaissance
NACE 59.140, Motion picture, video and television programme production, sound recording and music publishing activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€288,796
2024 · €538,015-€249,220
Equity
€11.4m
2024 · €11.5m-€24,854
Cash
€929,987
2024 · €1.2m-€293,911
Balance sheet total
€11.6m
2024 · €11.7m-€96,587
Largest movements
Assets
- Current investments +€301,594
up €301,594 (+6.4%), from €4.7m to €5.0m
- Cash -€293,911
down €293,911 (-24.0%), from €1.2m to €929,987
mainly Contributions, distributions and other (-€313,650) and Current investments (-€301,594)
- Tangible fixed assets -€134,645
down €134,645 (-2.8%), from €4.7m to €4.6m
of which Land and buildings: -€122,602
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€195,980
down €195,980 (-43.8%), from €447,294 to €251,314
- Gross operating margin -€135,566
down €135,566 (-32.4%), from €419,022 to €283,456
- Taxes -€87,994
down €87,994 (-58.6%), from €150,196 to €62,202
- Financial charges +€4,753
up €4,753 (+30.0%), from €15,868 to €20,621
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.
Result 2024
€538,015
Gross operating margin
-€135,566
Depreciation
+€691
Write-downs
-€2,245
Other operating charges
+€640
Financial income
-€195,980
Financial charges
-€4,753
Taxes
+€87,994
Result 2025
€288,796
Cash bridge derived
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.
From operations
+€323,040
Investment
-€303,302
Financing
-€313,650
Cash 2024
€1.2m
From operations (derived)
+€323,040
Net result for the year
+€288,796
Depreciation
+€137,184
Receivables after one year
-€105,000
Receivables within one year
+€74,768
Deferred charges and accrued income
-€975
Provisions
-€5,299
Trade debts
-€2,102
Tax, wage and social debts
-€63,709
Accrued charges and deferred income
-€622
Investment (derived)
-€303,302
Investment in fixed assets (net)
-€1,708
Current investments
-€301,594
Financing
-€313,650
Contributions, distributions and other
-€313,650
Cash 2025
€929,987
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,740,480 | €11,643,894 | -€96,587 | -0.8% |
| Fixed assets | 21/28 | €4,854,383 | €4,718,908 | -€135,476 | -2.8% |
| Intangible fixed assets | 21 | €2,454 | €1,623 | -€831 | -33.9% |
| Tangible fixed assets | 22/27 | €4,726,929 | €4,592,285 | -€134,645 | -2.8% |
| Land and buildings | 22 | €4,685,124 | €4,562,522 | -€122,602 | -2.6% |
| Furniture and vehicles | 24 | €31,566 | €26,224 | -€5,342 | -16.9% |
| Other tangible fixed assets | 26 | €10,240 | €3,540 | -€6,700 | -65.4% |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €6,886,097 | €6,924,986 | +€38,889 | +0.6% |
| Amounts receivable after more than one year | 29 | €460,000 | €565,000 | +€105,000 | +22.8% |
| Other amounts receivable | 291 | €460,000 | €565,000 | +€105,000 | +22.8% |
| Amounts receivable within one year | 40/41 | €520,588 | €445,819 | -€74,768 | -14.4% |
| Trade receivables | 40 | €226 | €17 | -€208 | -92.3% |
| Other amounts receivable | 41 | €520,362 | €445,802 | -€74,560 | -14.3% |
| Current investments | 50/53 | €4,678,422 | €4,980,016 | +€301,594 | +6.4% |
| Cash at bank and in hand | 54/58 | €1,223,899 | €929,987 | -€293,911 | -24.0% |
| Deferred charges and accrued income | 490/1 | €3,189 | €4,164 | +€975 | +30.6% |
| Total equity and liabilities | 10/49 | €11,740,480 | €11,643,894 | -€96,587 | -0.8% |
| Equity | 10/15 | €11,453,442 | €11,428,588 | -€24,854 | -0.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €54,443 | +€54,443 | |
| Reserves | 13 | €11,391,442 | €11,312,145 | -€79,297 | -0.7% |
| Non-distributable reserves | 130/1 | €976,200 | €976,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Own shares acquired | 1312 | €970,000 | €970,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €547,340 | €476,999 | -€70,341 | -12.9% |
| Distributable reserves | 133 | €9,867,902 | €9,858,946 | -€8,956 | -0.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €164,299 | €159,000 | -€5,299 | -3.2% |
| Deferred taxes | 168 | €164,299 | €159,000 | -€5,299 | -3.2% |
| Amounts payable | 17/49 | €122,739 | €56,306 | -€66,433 | -54.1% |
| Amounts payable within one year | 42/48 | €118,218 | €52,407 | -€65,811 | -55.7% |
| Trade debts | 44 | €4,675 | €2,573 | -€2,102 | -45.0% |
| Suppliers | 440/4 | €4,675 | €2,573 | -€2,102 | -45.0% |
| Taxes, remuneration and social security | 45 | €106,032 | €42,324 | -€63,709 | -60.1% |
| Taxes | 450/3 | €106,032 | €35,642 | -€70,391 | -66.4% |
| Remuneration and social security | 454/9 | - | €6,682 | +€6,682 | |
| Other amounts payable | 47/48 | €7,510 | €7,510 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,521 | €3,899 | -€622 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,875 | €137,184 | -€691 | -0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,237 | -€992 | +€2,245 | +69.4% |
| Other operating charges | 640/8 | €32,899 | €32,259 | -€640 | -1.9% |
| Gross operating margin | 9900 | €419,022 | €283,456 | -€135,566 | -32.4% |
| Operating profit (loss) | 9901 | €251,485 | €115,005 | -€136,480 | -54.3% |
| Financial income | 75/76B | €447,294 | €251,314 | -€195,980 | -43.8% |
| Recurring financial income | 75 | €447,294 | €251,314 | -€195,980 | -43.8% |
| Financial charges | 65/66B | €15,868 | €20,621 | +€4,753 | +30.0% |
| Recurring financial charges | 65 | €15,868 | €20,621 | +€4,753 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | €682,912 | €345,698 | -€337,214 | -49.4% |
| Transfer from deferred taxes | 780 | €5,299 | €5,299 | = | 0.0% |
| Income taxes | 67/77 | €150,196 | €62,202 | -€87,994 | -58.6% |
| Profit (loss) for the period | 9904 | €538,015 | €288,796 | -€249,220 | -46.3% |
| Transfer from tax-exempt reserves | 789 | €15,898 | €15,898 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €553,914 | €304,694 | -€249,220 | -45.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.