Le Renouveau: 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 Renouveau
Largest movements
- Tangible fixed assets +€298,167
up €298,167 (+15.6%), from €1.9m to €2.2m
of which Land and buildings: +€326,852
- Cash -€112,879
down €112,879 (-88.6%), from €127,436 to €14,557
mainly Investment in fixed assets (net) (-€455,606) and Trade debts (-€36,966)
- Deferred charges and accrued income -€37,217
down €37,217 (-17.8%), from €209,496 to €172,279
- Profit (loss) carried forward +€82,676
up €82,676 (+102%), from €80,693 to €163,369
- Tax, wage and social debts +€67,483
up €67,483 (+20.2%), from €334,156 to €401,639
of which Remuneration and social security: +€34,913
- Trade debts -€36,966
down €36,966 (-47.2%), from €78,304 to €41,338
- Staff costs +€69,589
up €69,589 (+4.9%), from €1.4m to €1.5m
- Depreciation -€33,635
down €33,635 (-17.5%), from €191,873 to €158,239
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 | €2,427,865 | €2,561,842 | +€133,977 | +5.5% |
| Fixed assets | 21/28 | €1,915,522 | €2,212,890 | +€297,367 | +15.5% |
| Tangible fixed assets | 22/27 | €1,911,298 | €2,209,466 | +€298,167 | +15.6% |
| Land and buildings | 22 | €1,662,778 | €1,989,630 | +€326,852 | +19.7% |
| Plant, machinery and equipment | 23 | €2,047 | €12,152 | +€10,105 | +494% |
| Furniture and vehicles | 24 | €225,861 | €190,989 | -€34,872 | -15.4% |
| Other tangible fixed assets | 26 | €20,612 | €16,694 | -€3,918 | -19.0% |
| Financial fixed assets | 28 | €4,224 | €3,424 | -€800 | -18.9% |
| Current assets | 29/58 | €512,343 | €348,953 | -€163,390 | -31.9% |
| Stocks and contracts in progress | 3 | €44,413 | €29,972 | -€14,441 | -32.5% |
| Stocks | 30/36 | €44,413 | €29,972 | -€14,441 | -32.5% |
| Amounts receivable within one year | 40/41 | €130,998 | €132,145 | +€1,147 | +0.9% |
| Trade receivables | 40 | €130,998 | €132,145 | +€1,147 | +0.9% |
| Other amounts receivable | 41 | - | €0 | +€0 | |
| Cash at bank and in hand | 54/58 | €127,436 | €14,557 | -€112,879 | -88.6% |
| Deferred charges and accrued income | 490/1 | €209,496 | €172,279 | -€37,217 | -17.8% |
| Total equity and liabilities | 10/49 | €2,427,865 | €2,561,842 | +€133,977 | +5.5% |
| Equity | 10/15 | €557,255 | €639,931 | +€82,676 | +14.8% |
| Contributions | 10/11 | €126,562 | €126,562 | = | 0.0% |
| Capital | 10 | €126,562 | €126,562 | = | 0.0% |
| Revaluation surpluses | 12 | €350,000 | €350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,693 | €163,369 | +€82,676 | +102% |
| Amounts payable | 17/49 | €1,870,610 | €1,921,912 | +€51,301 | +2.7% |
| Amounts payable after more than one year | 17 | €1,228,559 | €1,239,938 | +€11,380 | +0.9% |
| Financial debts | 170/4 | €1,228,559 | €1,239,938 | +€11,380 | +0.9% |
| Amounts payable within one year | 42/48 | €642,052 | €681,973 | +€39,922 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €229,592 | €238,997 | +€9,405 | +4.1% |
| Trade debts | 44 | €78,304 | €41,338 | -€36,966 | -47.2% |
| Suppliers | 440/4 | €78,304 | €41,338 | -€36,966 | -47.2% |
| Taxes, remuneration and social security | 45 | €334,156 | €401,639 | +€67,483 | +20.2% |
| Taxes | 450/3 | €12,901 | €45,470 | +€32,569 | +252% |
| Remuneration and social security | 454/9 | €321,255 | €356,169 | +€34,913 | +10.9% |
| Remuneration, social security and pensions | 62 | €1,412,626 | €1,482,215 | +€69,589 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,873 | €158,239 | -€33,635 | -17.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,898 | €4,610 | -€288 | -5.9% |
| Other operating charges | 640/8 | €11,678 | €13,523 | +€1,845 | +15.8% |
| Gross operating margin | 9900 | €1,801,846 | €1,796,412 | -€5,434 | -0.3% |
| Operating profit (loss) | 9901 | €180,770 | €137,825 | -€42,945 | -23.8% |
| Financial income | 75/76B | €460 | €100 | -€360 | -78.2% |
| Recurring financial income | 75 | €460 | €100 | -€360 | -78.2% |
| Financial charges | 65/66B | €45,327 | €55,074 | +€9,746 | +21.5% |
| Recurring financial charges | 65 | €45,327 | €55,074 | +€9,746 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €135,903 | €82,852 | -€53,051 | -39.0% |
| Income taxes | 67/77 | €214 | €176 | -€38 | -17.7% |
| Profit (loss) for the period | 9904 | €135,689 | €82,676 | -€53,014 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €135,689 | €82,676 | -€53,014 | -39.1% |
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 30 October 2026 via checked.be.