RENAAT VERPLAETSE: 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.
RENAAT VERPLAETSE
Largest movements
- Tangible fixed assets -€26,668
down €26,668 (-4.3%), from €613,765 to €587,097
of which Land and buildings: -€14,343
- Cash +€25,395
up €25,395 (+19.4%), from €131,084 to €156,479
mainly Net result for the year (+€172,323) and Depreciation (+€29,748)
- Deferred charges and accrued income +€18,058
up €18,058 (+207%), from €8,705 to €26,763
- Receivables within one year +€13,489
up €13,489 (+5.4%), from €250,283 to €263,772
of which Other amounts receivable: +€12,508
- Reserves +€54,236
up €54,236 (+5.8%), from €931,410 to €985,646
- Current portion of long-term debt -€21,358
down €21,358 (-80.8%), from €26,430 to €5,072
- Gross operating margin -€212,177
down €212,177 (-43.2%), from €491,472 to €279,295
- Taxes -€66,941
down €66,941 (-46.4%), from €144,400 to €77,459
- Depreciation -€22,522
down €22,522 (-43.1%), from €52,270 to €29,748
- Financial income -€17,341
down €17,341 (-67.7%), from €25,624 to €8,283
of which Non-recurring financial income: -€19,499
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 | €1,084,254 | €1,114,527 | +€30,273 | +2.8% |
| Fixed assets | 21/28 | €694,182 | €667,513 | -€26,669 | -3.8% |
| Tangible fixed assets | 22/27 | €613,765 | €587,097 | -€26,668 | -4.3% |
| Land and buildings | 22 | €561,707 | €547,364 | -€14,343 | -2.6% |
| Furniture and vehicles | 24 | €51,892 | €39,613 | -€12,279 | -23.7% |
| Other tangible fixed assets | 26 | €166 | €121 | -€45 | -27.3% |
| Financial fixed assets | 28 | €80,417 | €80,417 | -€0 | 0.0% |
| Current assets | 29/58 | €390,072 | €447,014 | +€56,942 | +14.6% |
| Amounts receivable within one year | 40/41 | €250,283 | €263,772 | +€13,489 | +5.4% |
| Trade receivables | 40 | - | €981 | +€981 | |
| Other amounts receivable | 41 | €250,283 | €262,791 | +€12,508 | +5.0% |
| Cash at bank and in hand | 54/58 | €131,084 | €156,479 | +€25,395 | +19.4% |
| Deferred charges and accrued income | 490/1 | €8,705 | €26,763 | +€18,058 | +207% |
| Total equity and liabilities | 10/49 | €1,084,254 | €1,114,527 | +€30,273 | +2.8% |
| Equity | 10/15 | €943,818 | €998,054 | +€54,236 | +5.7% |
| Contributions | 10/11 | €12,408 | €12,408 | -€0 | 0.0% |
| Reserves | 13 | €931,410 | €985,646 | +€54,236 | +5.8% |
| Distributable reserves | 133 | €931,410 | €985,646 | +€54,236 | +5.8% |
| Amounts payable | 17/49 | €140,436 | €116,474 | -€23,962 | -17.1% |
| Amounts payable after more than one year | 17 | €13,506 | €8,434 | -€5,072 | -37.6% |
| Financial debts | 170/4 | €13,506 | €8,434 | -€5,072 | -37.6% |
| Amounts payable within one year | 42/48 | €125,116 | €108,040 | -€17,076 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €26,430 | €5,072 | -€21,358 | -80.8% |
| Financial debts | 43 | €80,000 | €80,000 | = | 0.0% |
| Credit institutions | 430/8 | €80,000 | €80,000 | = | 0.0% |
| Trade debts | 44 | €8,922 | €10,564 | +€1,642 | +18.4% |
| Suppliers | 440/4 | €8,922 | €10,564 | +€1,642 | +18.4% |
| Taxes, remuneration and social security | 45 | €8,874 | €11,148 | +€2,274 | +25.6% |
| Taxes | 450/3 | €8,874 | €11,148 | +€2,274 | +25.6% |
| Other amounts payable | 47/48 | €890 | €1,255 | +€365 | +41.0% |
| Accrued charges and deferred income | 492/3 | €1,814 | - | -€1,814 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,270 | €29,748 | -€22,522 | -43.1% |
| Other operating charges | 640/8 | €9,099 | €5,612 | -€3,487 | -38.3% |
| Gross operating margin | 9900 | €491,472 | €279,295 | -€212,177 | -43.2% |
| Operating profit (loss) | 9901 | €430,103 | €243,934 | -€186,169 | -43.3% |
| Financial income | 75/76B | €25,624 | €8,283 | -€17,341 | -67.7% |
| Recurring financial income | 75 | €6,125 | €8,283 | +€2,158 | +35.2% |
| Non-recurring financial income | 76B | €19,499 | - | -€19,499 | |
| Financial charges | 65/66B | €4,517 | €2,434 | -€2,083 | -46.1% |
| Recurring financial charges | 65 | €4,517 | €2,434 | -€2,083 | -46.1% |
| Profit (loss) for the period before taxes | 9903 | €451,210 | €249,783 | -€201,427 | -44.6% |
| Income taxes | 67/77 | €144,400 | €77,459 | -€66,941 | -46.4% |
| Profit (loss) for the period | 9904 | €306,810 | €172,323 | -€134,487 | -43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €306,810 | €172,323 | -€134,487 | -43.8% |
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 24 October 2026 via checked.be.