RENAISSANCE OFFICE: 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 OFFICE
Largest movements
- Tangible fixed assets -€672,350
down €672,350 (-3.1%), from €21.9m to €21.2m
- Cash +€414,781
up €414,781 (+230%), from €180,538 to €595,318
mainly Depreciation (+€797,418) and Accrued charges and deferred income (+€123,889)
- Debts after one year -€400,000
down €400,000 (-2.6%), from €15.2m to €14.8m
of which Financial debts: -€400,000
- Turnover -€489,345
down €489,345 (-17.0%), from €2.9m to €2.4m
- Services and other goods +€385,706
up €385,706 (+156%), from €247,724 to €633,430
- Taxes +€88,758
up €88,758 (+130%), from €68,505 to €157,263
- Other operating income -€78,641
down €78,641 (-37.9%), from €207,662 to €129,021
- Financial charges -€59,445
down €59,445 (-9.5%), from €628,843 to €569,398
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 | €23,200,758 | €22,974,296 | -€226,462 | -1.0% |
| Formation expenses | 20 | €2,316 | €0 | -€2,316 | -100% |
| Fixed assets | 21/28 | €21,916,144 | €21,243,794 | -€672,350 | -3.1% |
| Tangible fixed assets | 22/27 | €21,916,144 | €21,243,794 | -€672,350 | -3.1% |
| Land and buildings | 22 | €21,916,144 | €21,243,794 | -€672,350 | -3.1% |
| Current assets | 29/58 | €1,282,298 | €1,730,502 | +€448,204 | +35.0% |
| Amounts receivable within one year | 40/41 | €675,216 | €786,844 | +€111,628 | +16.5% |
| Trade receivables | 40 | €555,358 | €563,780 | +€8,423 | +1.5% |
| Other amounts receivable | 41 | €119,859 | €223,064 | +€103,205 | +86.1% |
| Cash at bank and in hand | 54/58 | €180,538 | €595,318 | +€414,781 | +230% |
| Deferred charges and accrued income | 490/1 | €426,544 | €348,340 | -€78,205 | -18.3% |
| Total equity and liabilities | 10/49 | €23,200,758 | €22,974,296 | -€226,462 | -1.0% |
| Equity | 10/15 | €7,324,588 | €7,376,722 | +€52,135 | +0.7% |
| Contributions | 10/11 | €2,540,369 | €2,540,369 | = | 0.0% |
| Capital | 10 | - | €2,540,369 | +€2.5m | |
| Issued capital | 100 | - | €2,540,369 | +€2.5m | |
| Reserves | 13 | €7,411,783 | €7,411,783 | = | 0.0% |
| Non-distributable reserves | 130/1 | €346,024 | €346,024 | = | 0.0% |
| Reserves not available under the articles | 1311 | €346,024 | €346,024 | = | 0.0% |
| Tax-exempt reserves | 132 | €891 | €891 | = | 0.0% |
| Distributable reserves | 133 | €7,064,868 | €7,064,868 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,627,564 | -€2,575,430 | +€52,135 | +2.0% |
| Amounts payable | 17/49 | €15,876,170 | €15,597,574 | -€278,596 | -1.8% |
| Amounts payable after more than one year | 17 | €15,200,663 | €14,800,663 | -€400,000 | -2.6% |
| Financial debts | 170/4 | €15,200,413 | €14,800,413 | -€400,000 | -2.6% |
| Other loans | 174 | €15,200,413 | €14,800,413 | -€400,000 | -2.6% |
| Other amounts payable | 178/9 | €250 | €250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,085 | €31,600 | -€2,485 | -7.3% |
| Trade debts | 44 | €34,085 | €29,164 | -€4,921 | -14.4% |
| Suppliers | 440/4 | €34,085 | €29,164 | -€4,921 | -14.4% |
| Taxes, remuneration and social security | 45 | - | €2,436 | +€2,436 | |
| Taxes | 450/3 | - | €2,436 | +€2,436 | |
| Accrued charges and deferred income | 492/3 | €641,422 | €765,311 | +€123,889 | +19.3% |
| Operating income | 70/76A | €3,090,728 | €2,522,742 | -€567,985 | -18.4% |
| Turnover | 70 | €2,883,066 | €2,393,721 | -€489,345 | -17.0% |
| Other operating income | 74 | €207,662 | €129,021 | -€78,641 | -37.9% |
| Operating charges | 60/66A | €1,327,562 | €1,743,946 | +€416,384 | +31.4% |
| Services and other goods | 61 | €247,724 | €633,430 | +€385,706 | +156% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €781,627 | €797,418 | +€15,791 | +2.0% |
| Other operating charges | 640/8 | €298,212 | €313,099 | +€14,887 | +5.0% |
| Operating profit (loss) | 9901 | €1,763,165 | €778,796 | -€984,369 | -55.8% |
| Financial charges | 65/66B | €628,843 | €569,398 | -€59,445 | -9.5% |
| Recurring financial charges | 65 | €628,843 | €569,398 | -€59,445 | -9.5% |
| Debt charges | 650 | €628,363 | €568,637 | -€59,726 | -9.5% |
| Other financial charges | 652/9 | €480 | €761 | +€281 | +58.5% |
| Profit (loss) for the period before taxes | 9903 | €1,134,322 | €209,398 | -€924,924 | -81.5% |
| Income taxes | 67/77 | €68,505 | €157,263 | +€88,758 | +130% |
| Taxes | 670/3 | €68,505 | €157,263 | +€88,758 | +130% |
| Profit (loss) for the period | 9904 | €1,065,817 | €52,135 | -€1.0m | -95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,065,817 | €52,135 | -€1.0m | -95.1% |
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 28 October 2026 via checked.be.