Le 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.
Le Renard
Largest movements
- Cash -€10,986
down €10,986 (-81.7%), from €13,444 to €2,458
mainly Trade debts (-€23,424) and Deferred charges and accrued income (-€6,786)
- Deferred charges and accrued income +€6,786
new in 2025: €6,786
- Receivables within one year +€748
new in 2025: €748
- Profit (loss) carried forward +€26,335
up €26,335 (+32.7%), from -€80,482 to -€54,147
- Trade debts -€23,424
no longer reported in 2025 (was €23,424)
- Accrued charges and deferred income -€6,174
no longer reported in 2025 (was €6,174)
- Tax, wage and social debts -€190
no longer reported in 2025 (was €190)
- Gross operating margin +€42,446
up €42,446, from -€14,750 to €27,696
- Other operating charges +€444
up €444 (+50.6%), from €878 to €1,322
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 | €13,444 | €9,992 | -€3,452 | -25.7% |
| Current assets | 29/58 | €13,444 | €9,992 | -€3,452 | -25.7% |
| Amounts receivable within one year | 40/41 | - | €748 | +€748 | |
| Trade receivables | 40 | - | €748 | +€748 | |
| Cash at bank and in hand | 54/58 | €13,444 | €2,458 | -€10,986 | -81.7% |
| Deferred charges and accrued income | 490/1 | - | €6,786 | +€6,786 | |
| Total equity and liabilities | 10/49 | €13,444 | €9,992 | -€3,452 | -25.7% |
| Equity | 10/15 | -€58,667 | -€32,332 | +€26,335 | +44.9% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €1,983 | €1,983 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,482 | -€54,147 | +€26,335 | +32.7% |
| Amounts payable | 17/49 | €72,111 | €42,324 | -€29,788 | -41.3% |
| Amounts payable within one year | 42/48 | €65,937 | €42,324 | -€23,614 | -35.8% |
| Financial debts | 43 | €1 | €1 | = | 0.0% |
| Credit institutions | 430/8 | €1 | €1 | = | 0.0% |
| Trade debts | 44 | €23,424 | - | -€23,424 | |
| Suppliers | 440/4 | €23,424 | - | -€23,424 | |
| Taxes, remuneration and social security | 45 | €190 | - | -€190 | |
| Taxes | 450/3 | €190 | - | -€190 | |
| Other amounts payable | 47/48 | €42,323 | €42,323 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,174 | - | -€6,174 | |
| Other operating charges | 640/8 | €878 | €1,322 | +€444 | +50.6% |
| Gross operating margin | 9900 | -€14,750 | €27,696 | +€42,446 | |
| Operating profit (loss) | 9901 | -€15,627 | €26,374 | +€42,002 | |
| Financial charges | 65/66B | €46 | €39 | -€7 | -15.8% |
| Recurring financial charges | 65 | €46 | €39 | -€7 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,674 | €26,335 | +€42,009 | |
| Profit (loss) for the period | 9904 | -€15,674 | €26,335 | +€42,009 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,674 | €26,335 | +€42,009 |
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 19 October 2026 via checked.be.