REN'ART: 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.
REN'ART
Largest movements
- Tangible fixed assets -€9,757
down €9,757 (-3.5%), from €279,549 to €269,792
- Cash -€5,906
down €5,906 (-99.7%), from €5,922 to €16
mainly Debts after one year (-€20,903) and Net result for the year (-€12,925)
- Debts after one year -€20,903
down €20,903 (-9.1%), from €229,196 to €208,292
- Other debts +€15,132
up €15,132 (+9.8%), from €153,906 to €169,038
- Profit (loss) carried forward -€12,925
down €12,925 (-9.9%), from -€130,234 to -€143,158
- Gross operating margin -€12,031
down €12,031 (-67.3%), from €17,874 to €5,842
- Financial charges -€624
down €624 (-6.8%), from €9,235 to €8,611
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 | €285,471 | €270,009 | -€15,462 | -5.4% |
| Fixed assets | 21/28 | €279,549 | €269,792 | -€9,757 | -3.5% |
| Tangible fixed assets | 22/27 | €279,549 | €269,792 | -€9,757 | -3.5% |
| Land and buildings | 22 | €279,549 | €269,792 | -€9,757 | -3.5% |
| Current assets | 29/58 | €5,922 | €217 | -€5,705 | -96.3% |
| Amounts receivable within one year | 40/41 | €0 | €201 | +€201 | |
| Other amounts receivable | 41 | €0 | €201 | +€201 | |
| Cash at bank and in hand | 54/58 | €5,922 | €16 | -€5,906 | -99.7% |
| Total equity and liabilities | 10/49 | €285,471 | €270,009 | -€15,462 | -5.4% |
| Equity | 10/15 | -€122,174 | -€135,098 | -€12,925 | -10.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | -€130,234 | -€143,158 | -€12,925 | -9.9% |
| Amounts payable | 17/49 | €407,645 | €405,108 | -€2,537 | -0.6% |
| Amounts payable after more than one year | 17 | €229,196 | €208,292 | -€20,903 | -9.1% |
| Financial debts | 170/4 | €229,196 | €208,292 | -€20,903 | -9.1% |
| Amounts payable within one year | 42/48 | €178,449 | €196,815 | +€18,366 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €18,690 | €20,903 | +€2,213 | +11.8% |
| Financial debts | 43 | €59 | €0 | -€59 | -100% |
| Credit institutions | 430/8 | €59 | €0 | -€59 | -100% |
| Trade debts | 44 | €5,410 | €6,874 | +€1,464 | +27.1% |
| Suppliers | 440/4 | €5,410 | €6,874 | +€1,464 | +27.1% |
| Taxes, remuneration and social security | 45 | €384 | €0 | -€384 | -100% |
| Taxes | 450/3 | €384 | €0 | -€384 | -100% |
| Other amounts payable | 47/48 | €153,906 | €169,038 | +€15,132 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,757 | €9,757 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €17,874 | €5,842 | -€12,031 | -67.3% |
| Operating profit (loss) | 9901 | €7,729 | -€4,314 | -€12,043 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €9,235 | €8,611 | -€624 | -6.8% |
| Recurring financial charges | 65 | €9,235 | €8,611 | -€624 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,505 | -€12,925 | -€11,420 | -759% |
| Profit (loss) for the period | 9904 | -€1,505 | -€12,925 | -€11,420 | -759% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,505 | -€12,925 | -€11,420 | -759% |
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 20 October 2026 via checked.be.