LA RENARDE: 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.
LA RENARDE
Largest movements
- Tangible fixed assets +€19,108
up €19,108 (+1193.5%), from €1,601 to €20,709
of which Other tangible fixed assets: +€19,211
- Stocks and contracts +€15,484
up €15,484 (+46.8%), from €33,118 to €48,602
- Receivables within one year -€8,029
down €8,029 (-53.0%), from €15,143 to €7,114
of which Trade receivables: -€13,047
- Cash +€3,989
up €3,989 (+90.6%), from €4,402 to €8,392
mainly Debts after one year (+€24,841) and Net result for the year (+€11,513)
- Debts after one year +€24,841
new in 2025: €24,841
- Profit (loss) carried forward +€11,513
up €11,513 (+42.2%), from -€27,257 to -€15,744
- Trade debts -€11,031
down €11,031 (-90.9%), from €12,133 to €1,102
- Current portion of long-term debt +€5,159
new in 2025: €5,159
- Other debts +€4,918
up €4,918 (+7.8%), from €62,697 to €67,614
- Depreciation -€3,190
down €3,190 (-84.4%), from €3,779 to €589
- Financial income +€1,065
up €1,065 (+959.5%), from €111 to €1,177
- Gross operating margin -€1,016
down €1,016 (-2.7%), from €38,248 to €37,232
- Staff costs -€610
down €610 (-2.4%), from €25,357 to €24,747
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,835 | €87,839 | +€31,004 | +54.6% |
| Fixed assets | 21/28 | €3,101 | €22,559 | +€19,458 | +627.5% |
| Tangible fixed assets | 22/27 | €1,601 | €20,709 | +€19,108 | +1193.5% |
| Plant, machinery and equipment | 23 | €103 | - | -€103 | |
| Other tangible fixed assets | 26 | €1,498 | €20,709 | +€19,211 | +1282.3% |
| Financial fixed assets | 28 | €1,500 | €1,850 | +€350 | +23.3% |
| Current assets | 29/58 | €53,734 | €65,280 | +€11,546 | +21.5% |
| Stocks and contracts in progress | 3 | €33,118 | €48,602 | +€15,484 | +46.8% |
| Stocks | 30/36 | €33,118 | €48,602 | +€15,484 | +46.8% |
| Amounts receivable within one year | 40/41 | €15,143 | €7,114 | -€8,029 | -53.0% |
| Trade receivables | 40 | €14,740 | €1,693 | -€13,047 | -88.5% |
| Other amounts receivable | 41 | €403 | €5,421 | +€5,018 | +1245.3% |
| Cash at bank and in hand | 54/58 | €4,402 | €8,392 | +€3,989 | +90.6% |
| Deferred charges and accrued income | 490/1 | €1,070 | €1,172 | +€102 | +9.6% |
| Total equity and liabilities | 10/49 | €56,835 | €87,839 | +€31,004 | +54.6% |
| Equity | 10/15 | -€26,057 | -€14,544 | +€11,513 | +44.2% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,257 | -€15,744 | +€11,513 | +42.2% |
| Amounts payable | 17/49 | €82,891 | €102,382 | +€19,491 | +23.5% |
| Amounts payable after more than one year | 17 | - | €24,841 | +€24,841 | |
| Financial debts | 170/4 | - | €24,841 | +€24,841 | |
| Amounts payable within one year | 42/48 | €82,465 | €77,541 | -€4,924 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | - | €5,159 | +€5,159 | |
| Trade debts | 44 | €12,133 | €1,102 | -€11,031 | -90.9% |
| Suppliers | 440/4 | €12,133 | €1,102 | -€11,031 | -90.9% |
| Advances received on contracts in progress | 46 | €200 | - | -€200 | |
| Taxes, remuneration and social security | 45 | €7,435 | €3,666 | -€3,769 | -50.7% |
| Taxes | 450/3 | €2,974 | €39 | -€2,935 | -98.7% |
| Remuneration and social security | 454/9 | €4,461 | €3,626 | -€834 | -18.7% |
| Other amounts payable | 47/48 | €62,697 | €67,614 | +€4,918 | +7.8% |
| Accrued charges and deferred income | 492/3 | €426 | - | -€426 | |
| Remuneration, social security and pensions | 62 | €25,357 | €24,747 | -€610 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,779 | €589 | -€3,190 | -84.4% |
| Other operating charges | 640/8 | €567 | €866 | +€299 | +52.7% |
| Gross operating margin | 9900 | €38,248 | €37,232 | -€1,016 | -2.7% |
| Operating profit (loss) | 9901 | €8,545 | €11,029 | +€2,484 | +29.1% |
| Financial income | 75/76B | €111 | €1,177 | +€1,065 | +959.5% |
| Recurring financial income | 75 | €111 | €1,177 | +€1,065 | +959.5% |
| Financial charges | 65/66B | €816 | €693 | -€123 | -15.1% |
| Recurring financial charges | 65 | €816 | €693 | -€123 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €7,840 | €11,513 | +€3,673 | +46.9% |
| Profit (loss) for the period | 9904 | €7,840 | €11,513 | +€3,673 | +46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,840 | €11,513 | +€3,673 | +46.9% |
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 6 October 2026 via checked.be.