RENAISSANCE ET CELTITUDE: what changed
RENAISSANCE ET CELTITUDE
Largest movements
- Financial fixed assets -€731,990
down €731,990 (-16.8%), from €4.3m to €3.6m
- Current investments -€585,239
down €585,239 (-12.9%), from €4.5m to €3.9m
- Receivables after one year +€150,000
up €150,000 (+17.6%), from €853,075 to €1.0m
- Cash +€142,783
up €142,783 (+23.9%), from €597,054 to €739,837
mainly Investment in fixed assets (net) (+€723,966) and Current investments (+€585,239)
- Receivables within one year -€135,309
down €135,309 (-6.1%), from €2.2m to €2.1m
of which Other amounts receivable: -€144,123
- Profit (loss) carried forward -€1.1m
down €1.1m (-9.5%), from €12.1m to €11.0m
- Financial charges +€1.2m
up €1.2m (+5,048%), from €23,704 to €1.2m
of which Non-recurring financial charges: +€731,991
- Financial income +€82,666
up €82,666 (+58.5%), from €141,285 to €223,951
- Gross operating margin -€56,633
down €56,633 (-86.4%), from -€65,552 to -€122,185
- Taxes +€4,745
up €4,745 (+32.7%), from €14,494 to €19,239
- Other operating charges +€1,423
up €1,423 (+32.4%), from €4,398 to €5,821
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 | €12,647,275 | €11,507,860 | -€1.1m | -9.0% |
| Fixed assets | 21/28 | €4,355,626 | €3,631,660 | -€723,966 | -16.6% |
| Tangible fixed assets | 22/27 | €11,000 | €19,024 | +€8,024 | +72.9% |
| Furniture and vehicles | 24 | €11,000 | €19,024 | +€8,024 | +72.9% |
| Financial fixed assets | 28 | €4,344,626 | €3,612,636 | -€731,990 | -16.8% |
| Current assets | 29/58 | €8,291,649 | €7,876,200 | -€415,449 | -5.0% |
| Amounts receivable after more than one year | 29 | €853,075 | €1,003,075 | +€150,000 | +17.6% |
| Other amounts receivable | 291 | €853,075 | €1,003,075 | +€150,000 | +17.6% |
| Amounts receivable within one year | 40/41 | €2,218,271 | €2,082,962 | -€135,309 | -6.1% |
| Trade receivables | 40 | €32,469 | €41,283 | +€8,814 | +27.1% |
| Other amounts receivable | 41 | €2,185,802 | €2,041,679 | -€144,123 | -6.6% |
| Current investments | 50/53 | €4,523,149 | €3,937,910 | -€585,239 | -12.9% |
| Cash at bank and in hand | 54/58 | €597,054 | €739,837 | +€142,783 | +23.9% |
| Deferred charges and accrued income | 490/1 | €100,100 | €112,416 | +€12,316 | +12.3% |
| Total equity and liabilities | 10/49 | €12,647,275 | €11,507,860 | -€1.1m | -9.0% |
| Equity | 10/15 | €12,118,807 | €10,975,171 | -€1.1m | -9.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,096,807 | €10,953,171 | -€1.1m | -9.5% |
| Amounts payable | 17/49 | €528,468 | €532,689 | +€4,221 | +0.8% |
| Amounts payable within one year | 42/48 | €29,226 | €18,508 | -€10,718 | -36.7% |
| Trade debts | 44 | €7,305 | €8,838 | +€1,533 | +21.0% |
| Suppliers | 440/4 | €7,305 | €8,838 | +€1,533 | +21.0% |
| Taxes, remuneration and social security | 45 | €13,815 | €9,670 | -€4,145 | -30.0% |
| Taxes | 450/3 | €13,815 | €9,670 | -€4,145 | -30.0% |
| Other amounts payable | 47/48 | €8,106 | - | -€8,106 | |
| Accrued charges and deferred income | 492/3 | €499,242 | €514,181 | +€14,939 | +3.0% |
| Other operating charges | 640/8 | €4,398 | €5,821 | +€1,423 | +32.4% |
| Gross operating margin | 9900 | -€65,552 | -€122,185 | -€56,633 | -86.4% |
| Operating profit (loss) | 9901 | -€69,950 | -€128,006 | -€58,056 | -83.0% |
| Financial income | 75/76B | €141,285 | €223,951 | +€82,666 | +58.5% |
| Recurring financial income | 75 | €141,285 | €223,951 | +€82,666 | +58.5% |
| Financial charges | 65/66B | €23,704 | €1,220,342 | +€1.2m | +5,048% |
| Recurring financial charges | 65 | €23,704 | €488,351 | +€464,647 | +1,960% |
| Non-recurring financial charges | 66B | - | €731,991 | +€731,991 | |
| Profit (loss) for the period before taxes | 9903 | €47,631 | -€1,124,397 | -€1.2m | |
| Income taxes | 67/77 | €14,494 | €19,239 | +€4,745 | +32.7% |
| Profit (loss) for the period | 9904 | €33,137 | -€1,143,636 | -€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €33,137 | -€1,143,636 | -€1.2m |
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 2 November 2026 via checked.be.