PETER RENSEN MANAGEMENT: 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.
PETER RENSEN MANAGEMENT
Largest movements
- Deferred charges and accrued income -€3,708
no longer reported in 2025 (was €3,708)
- Receivables within one year -€983
down €983 (-2.3%), from €42,017 to €41,034
of which Trade receivables: -€840
- Trade debts -€11,880
down €11,880 (-90.3%), from €13,160 to €1,280
- Profit (loss) carried forward +€8,128
up €8,128 (+72.7%), from €11,186 to €19,314
- Tax, wage and social debts -€1,712
down €1,712 (-26.5%), from €6,465 to €4,753
of which Remuneration and social security: -€3,167
- Staff costs +€3,693
new in 2025: €3,693
- Gross operating margin +€1,991
up €1,991 (+14.4%), from €13,821 to €15,812
- Taxes -€860
down €860 (-21.6%), from €3,980 to €3,120
- Other operating charges +€339
new in 2025: €339
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 | €49,568 | €44,102 | -€5,466 | -11.0% |
| Fixed assets | 21/28 | €2,219 | €1,784 | -€435 | -19.6% |
| Tangible fixed assets | 22/27 | €1,721 | €1,286 | -€435 | -25.3% |
| Furniture and vehicles | 24 | €1,721 | €1,286 | -€435 | -25.3% |
| Financial fixed assets | 28 | €498 | €498 | = | 0.0% |
| Current assets | 29/58 | €47,349 | €42,319 | -€5,030 | -10.6% |
| Amounts receivable within one year | 40/41 | €42,017 | €41,034 | -€983 | -2.3% |
| Trade receivables | 40 | €4,940 | €4,100 | -€840 | -17.0% |
| Other amounts receivable | 41 | €37,077 | €36,933 | -€144 | -0.4% |
| Cash at bank and in hand | 54/58 | €1,624 | €1,285 | -€339 | -20.9% |
| Deferred charges and accrued income | 490/1 | €3,708 | - | -€3,708 | |
| Total equity and liabilities | 10/49 | €49,568 | €44,102 | -€5,466 | -11.0% |
| Equity | 10/15 | €28,166 | €36,294 | +€8,128 | +28.9% |
| Contributions | 10/11 | €15,120 | €15,120 | +€0 | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,186 | €19,314 | +€8,128 | +72.7% |
| Amounts payable | 17/49 | €21,402 | €7,809 | -€13,593 | -63.5% |
| Amounts payable within one year | 42/48 | €21,402 | €7,809 | -€13,593 | -63.5% |
| Trade debts | 44 | €13,160 | €1,280 | -€11,880 | -90.3% |
| Suppliers | 440/4 | €13,160 | €1,280 | -€11,880 | -90.3% |
| Taxes, remuneration and social security | 45 | €6,465 | €4,753 | -€1,712 | -26.5% |
| Taxes | 450/3 | €3,298 | €4,753 | +€1,455 | +44.1% |
| Remuneration and social security | 454/9 | €3,167 | - | -€3,167 | |
| Other amounts payable | 47/48 | €1,777 | €1,776 | -€1 | 0.0% |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Remuneration, social security and pensions | 62 | - | €3,693 | +€3,693 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €435 | €435 | = | 0.0% |
| Other operating charges | 640/8 | - | €339 | +€339 | |
| Gross operating margin | 9900 | €13,821 | €15,812 | +€1,991 | +14.4% |
| Operating profit (loss) | 9901 | €13,386 | €11,344 | -€2,042 | -15.3% |
| Financial income | 75/76B | - | €90 | +€90 | |
| Recurring financial income | 75 | - | €90 | +€90 | |
| Financial charges | 65/66B | €171 | €187 | +€16 | +9.3% |
| Recurring financial charges | 65 | €171 | €187 | +€16 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €13,215 | €11,247 | -€1,968 | -14.9% |
| Income taxes | 67/77 | €3,980 | €3,120 | -€860 | -21.6% |
| Profit (loss) for the period | 9904 | €9,235 | €8,127 | -€1,108 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,235 | €8,127 | -€1,108 | -12.0% |
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 26 October 2026 via checked.be.