RENAISSANCE DEVELOPMENT: 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.
RENAISSANCE DEVELOPMENT
Largest movements
- Cash +€62,773
up €62,773 (+132.9%), from €47,218 to €109,992
mainly Net result for the year (+€519,060) and Tax, wage and social debts (+€131,461)
- Receivables within one year +€11,088
up €11,088 (+3.4%), from €323,047 to €334,135
of which Trade receivables: +€15,041
- Profit (loss) carried forward +€519,060
up €519,060 (+1126.2%), from €46,089 to €565,149
- Short-term financial debts -€451,547
down €451,547 (-79.0%), from €571,820 to €120,273
of which Other loans: -€450,000
- Tax, wage and social debts +€131,461
up €131,461, from €0 to €131,461
- Other debts -€50,000
down €50,000 (-41.5%), from €120,360 to €70,360
- Accrued charges and deferred income -€38,923
down €38,923 (-100.0%), from €38,924 to €1
- Gross operating margin +€684,699
up €684,699, from -€15,833 to €668,866
- Taxes +€130,715
new in 2025: €130,715
- Financial charges -€25,889
down €25,889 (-66.8%), from €38,773 to €12,883
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.
Cash bridge derived
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 | €830,089 | €902,256 | +€72,167 | +8.7% |
| Fixed assets | 21/28 | €459,275 | €457,891 | -€1,384 | -0.3% |
| Tangible fixed assets | 22/27 | €7,702 | €6,117 | -€1,584 | -20.6% |
| Furniture and vehicles | 24 | €7,702 | €6,117 | -€1,584 | -20.6% |
| Financial fixed assets | 28 | €451,573 | €451,773 | +€200 | 0.0% |
| Current assets | 29/58 | €370,814 | €444,365 | +€73,551 | +19.8% |
| Amounts receivable within one year | 40/41 | €323,047 | €334,135 | +€11,088 | +3.4% |
| Trade receivables | 40 | €4,840 | €19,881 | +€15,041 | +310.8% |
| Other amounts receivable | 41 | €318,207 | €314,253 | -€3,954 | -1.2% |
| Cash at bank and in hand | 54/58 | €47,218 | €109,992 | +€62,773 | +132.9% |
| Deferred charges and accrued income | 490/1 | €548 | €239 | -€310 | -56.5% |
| Total equity and liabilities | 10/49 | €830,089 | €902,256 | +€72,167 | +8.7% |
| Equity | 10/15 | €56,089 | €575,149 | +€519,060 | +925.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,089 | €565,149 | +€519,060 | +1126.2% |
| Amounts payable | 17/49 | €774,000 | €327,106 | -€446,894 | -57.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €735,076 | €327,105 | -€407,971 | -55.5% |
| Current portion of amounts payable after more than one year | 42 | €2,449 | €0 | -€2,449 | -100.0% |
| Financial debts | 43 | €571,820 | €120,273 | -€451,547 | -79.0% |
| Credit institutions | 430/8 | €121,820 | €120,273 | -€1,547 | -1.3% |
| Other loans | 439 | €450,000 | €0 | -€450,000 | -100.0% |
| Trade debts | 44 | €40,447 | €5,011 | -€35,436 | -87.6% |
| Suppliers | 440/4 | €40,447 | €5,011 | -€35,436 | -87.6% |
| Taxes, remuneration and social security | 45 | €0 | €131,461 | +€131,461 | |
| Taxes | 450/3 | €0 | €131,461 | +€131,461 | |
| Other amounts payable | 47/48 | €120,360 | €70,360 | -€50,000 | -41.5% |
| Accrued charges and deferred income | 492/3 | €38,924 | €1 | -€38,923 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,218 | €1,584 | -€634 | -28.6% |
| Other operating charges | 640/8 | €513 | €6,152 | +€5,639 | +1098.4% |
| Gross operating margin | 9900 | -€15,833 | €668,866 | +€684,699 | |
| Operating profit (loss) | 9901 | -€18,565 | €661,130 | +€679,695 | |
| Financial income | 75/76B | €0 | €1,529 | +€1,529 | |
| Recurring financial income | 75 | €0 | €1,529 | +€1,529 | |
| Financial charges | 65/66B | €38,773 | €12,883 | -€25,889 | -66.8% |
| Recurring financial charges | 65 | €38,773 | €12,883 | -€25,889 | -66.8% |
| Profit (loss) for the period before taxes | 9903 | -€57,337 | €649,775 | +€707,113 | |
| Income taxes | 67/77 | - | €130,715 | +€130,715 | |
| Profit (loss) for the period | 9904 | -€57,337 | €519,060 | +€576,398 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,337 | €519,060 | +€576,398 |
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 10 October 2026 via checked.be.