RENAISSANCE HOLDING: 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 HOLDING
Largest movements
- Tangible fixed assets +€75,260
new in 2025: €75,260
- Deferred charges and accrued income +€29,240
up €29,240 (+3,847%), from €760 to €30,000
- Cash -€12,565
down €12,565 (-33.5%), from €37,514 to €24,949
mainly Investment in fixed assets (net) (-€86,710) and Contributions, distributions and other (-€36,281)
- Debts after one year +€47,917
new in 2025: €47,917
- Tax, wage and social debts +€24,059
up €24,059 (+389%), from €6,179 to €30,239
of which Taxes: +€23,432
- Current portion of long-term debt +€13,393
new in 2025: €13,393
- Reserves +€8,388
up €8,388 (+8.8%), from €95,631 to €104,019
- Other debts -€2,591
down €2,591 (-99.5%), from €2,605 to €13
- Gross operating margin +€56,678
up €56,678 (+199%), from €28,470 to €85,148
- Taxes +€22,933
up €22,933 (+595%), from €3,852 to €26,784
- Depreciation +€11,409
up €11,409 (+27,585%), from €41 to €11,450
- Financial charges +€1,613
up €1,613 (+448%), from €360 to €1,972
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 | €125,824 | €217,759 | +€91,935 | +73.1% |
| Fixed assets | 21/28 | €87,550 | €162,810 | +€75,260 | +86.0% |
| Tangible fixed assets | 22/27 | - | €75,260 | +€75,260 | |
| Furniture and vehicles | 24 | - | €75,260 | +€75,260 | |
| Financial fixed assets | 28 | €87,550 | €87,550 | = | 0.0% |
| Current assets | 29/58 | €38,274 | €54,949 | +€16,675 | +43.6% |
| Cash at bank and in hand | 54/58 | €37,514 | €24,949 | -€12,565 | -33.5% |
| Deferred charges and accrued income | 490/1 | €760 | €30,000 | +€29,240 | +3,847% |
| Total equity and liabilities | 10/49 | €125,824 | €217,759 | +€91,935 | +73.1% |
| Equity | 10/15 | €116,530 | €124,918 | +€8,388 | +7.2% |
| Revaluation surpluses | 12 | €17,500 | €17,500 | = | 0.0% |
| Reserves | 13 | €95,631 | €104,019 | +€8,388 | +8.8% |
| Non-distributable reserves | 130/1 | €95,631 | €104,019 | +€8,388 | +8.8% |
| Legal reserve | 130 | €90,631 | €99,019 | +€8,388 | +9.3% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,399 | €3,399 | = | 0.0% |
| Amounts payable | 17/49 | €9,294 | €92,841 | +€83,547 | +899% |
| Amounts payable after more than one year | 17 | - | €47,917 | +€47,917 | |
| Financial debts | 170/4 | - | €47,917 | +€47,917 | |
| Amounts payable within one year | 42/48 | €9,294 | €44,924 | +€35,630 | +383% |
| Current portion of amounts payable after more than one year | 42 | - | €13,393 | +€13,393 | |
| Trade debts | 44 | €510 | €1,279 | +€769 | +151% |
| Suppliers | 440/4 | €510 | €1,279 | +€769 | +151% |
| Taxes, remuneration and social security | 45 | €6,179 | €30,239 | +€24,059 | +389% |
| Taxes | 450/3 | €3,352 | €26,784 | +€23,432 | +699% |
| Remuneration and social security | 454/9 | €2,827 | €3,455 | +€628 | +22.2% |
| Other amounts payable | 47/48 | €2,605 | €13 | -€2,591 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41 | €11,450 | +€11,409 | +27,585% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €28,470 | €85,148 | +€56,678 | +199% |
| Operating profit (loss) | 9901 | €28,041 | €73,298 | +€45,257 | +161% |
| Financial income | 75/76B | €5 | €128 | +€123 | +2,488% |
| Recurring financial income | 75 | €5 | €128 | +€123 | +2,488% |
| Financial charges | 65/66B | €360 | €1,972 | +€1,613 | +448% |
| Recurring financial charges | 65 | €360 | €1,972 | +€1,613 | +448% |
| Profit (loss) for the period before taxes | 9903 | €27,686 | €71,453 | +€43,767 | +158% |
| Income taxes | 67/77 | €3,852 | €26,784 | +€22,933 | +595% |
| Profit (loss) for the period | 9904 | €23,834 | €44,669 | +€20,834 | +87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,834 | €44,669 | +€20,834 | +87.4% |
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 15 October 2026 via checked.be.