Renaar: what changed
Renaar
Largest movements
- Tangible fixed assets -€25,015
down €25,015 (-40.7%), from €61,468 to €36,453
of which Furniture and vehicles: -€24,587
- Cash +€22,256
up €22,256 (+147%), from €15,191 to €37,447
mainly Net result for the year (+€31,174) and Trade debts (+€25,680)
- Receivables within one year +€19,847
up €19,847 (+18.9%), from €105,249 to €125,096
of which Trade receivables: +€18,652
- Deferred charges and accrued income +€2,200
new in 2025: €2,200
- Trade debts +€25,680
up €25,680 (+975%), from €2,635 to €28,315
- Debts after one year -€19,071
down €19,071 (-37.0%), from €51,508 to €32,437
- Tax, wage and social debts +€17,076
up €17,076 (+85.5%), from €19,978 to €37,054
- Current portion of long-term debt -€9,582
down €9,582 (-33.4%), from €28,654 to €19,071
- Reserves +€5,185
up €5,185 (+6.6%), from €78,134 to €83,319
- Gross operating margin +€12,247
up €12,247 (+21.4%), from €57,363 to €69,611
- Depreciation -€7,277
down €7,277 (-22.5%), from €32,292 to €25,015
- Taxes +€6,404
up €6,404 (+97.9%), from €6,543 to €12,948
- Financial income +€2,500
up €2,500 (+113%), from €2,205 to €4,706
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €181,909 | €201,197 | +€19,288 | +10.6% |
| Fixed assets | 21/28 | €61,468 | €36,453 | -€25,015 | -40.7% |
| Tangible fixed assets | 22/27 | €61,468 | €36,453 | -€25,015 | -40.7% |
| Plant, machinery and equipment | 23 | €2,043 | €1,615 | -€428 | -21.0% |
| Furniture and vehicles | 24 | €59,425 | €34,838 | -€24,587 | -41.4% |
| Current assets | 29/58 | €120,441 | €164,744 | +€44,303 | +36.8% |
| Amounts receivable within one year | 40/41 | €105,249 | €125,096 | +€19,847 | +18.9% |
| Trade receivables | 40 | €24,182 | €42,834 | +€18,652 | +77.1% |
| Other amounts receivable | 41 | €81,067 | €82,262 | +€1,195 | +1.5% |
| Cash at bank and in hand | 54/58 | €15,191 | €37,447 | +€22,256 | +147% |
| Deferred charges and accrued income | 490/1 | - | €2,200 | +€2,200 | |
| Total equity and liabilities | 10/49 | €181,909 | €201,197 | +€19,288 | +10.6% |
| Equity | 10/15 | €79,134 | €84,319 | +€5,185 | +6.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €78,134 | €83,319 | +€5,185 | +6.6% |
| Distributable reserves | 133 | €78,134 | €83,319 | +€5,185 | +6.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €102,775 | €116,878 | +€14,103 | +13.7% |
| Amounts payable after more than one year | 17 | €51,508 | €32,437 | -€19,071 | -37.0% |
| Financial debts | 170/4 | €51,508 | €32,437 | -€19,071 | -37.0% |
| Amounts payable within one year | 42/48 | €51,267 | €84,441 | +€33,174 | +64.7% |
| Current portion of amounts payable after more than one year | 42 | €28,654 | €19,071 | -€9,582 | -33.4% |
| Trade debts | 44 | €2,635 | €28,315 | +€25,680 | +975% |
| Suppliers | 440/4 | €2,635 | €28,315 | +€25,680 | +975% |
| Taxes, remuneration and social security | 45 | €19,978 | €37,054 | +€17,076 | +85.5% |
| Taxes | 450/3 | €19,978 | €37,054 | +€17,076 | +85.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,292 | €25,015 | -€7,277 | -22.5% |
| Other operating charges | 640/8 | €699 | €717 | +€18 | +2.6% |
| Gross operating margin | 9900 | €57,363 | €69,611 | +€12,247 | +21.4% |
| Operating profit (loss) | 9901 | €24,373 | €43,878 | +€19,506 | +80.0% |
| Financial income | 75/76B | €2,205 | €4,706 | +€2,500 | +113% |
| Recurring financial income | 75 | €2,205 | €4,706 | +€2,500 | +113% |
| Financial charges | 65/66B | €5,081 | €4,463 | -€619 | -12.2% |
| Recurring financial charges | 65 | €5,081 | €4,463 | -€619 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €21,497 | €44,122 | +€22,625 | +105% |
| Income taxes | 67/77 | €6,543 | €12,948 | +€6,404 | +97.9% |
| Profit (loss) for the period | 9904 | €14,953 | €31,174 | +€16,221 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €14,953 | €31,174 | +€16,221 | +108% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.