RENAISSANCE PE: 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 PE
Largest movements
- Tangible fixed assets -€10,705
down €10,705 (-3.5%), from €309,622 to €298,917
of which Land and buildings: -€10,550
- Cash -€4,294
down €4,294 (-17.8%), from €24,153 to €19,860
mainly Debts after one year (-€16,993) and Trade debts (-€164)
- Debts after one year -€16,993
down €16,993 (-4.4%), from €386,202 to €369,209
- Gross operating margin +€14,396
up €14,396, from -€692 to €13,704
- Depreciation +€143
up €143 (+1.4%), from €10,561 to €10,705
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 | €357,563 | €342,272 | -€15,291 | -4.3% |
| Fixed assets | 21/28 | €322,551 | €311,846 | -€10,705 | -3.3% |
| Tangible fixed assets | 22/27 | €309,622 | €298,917 | -€10,705 | -3.5% |
| Land and buildings | 22 | €309,314 | €298,764 | -€10,550 | -3.4% |
| Furniture and vehicles | 24 | €308 | €153 | -€155 | -50.3% |
| Financial fixed assets | 28 | €12,929 | €12,929 | = | 0.0% |
| Current assets | 29/58 | €35,011 | €30,425 | -€4,586 | -13.1% |
| Amounts receivable within one year | 40/41 | €10,858 | €10,566 | -€292 | -2.7% |
| Trade receivables | 40 | €8,740 | €10,261 | +€1,521 | +17.4% |
| Other amounts receivable | 41 | €2,118 | €305 | -€1,813 | -85.6% |
| Cash at bank and in hand | 54/58 | €24,153 | €19,860 | -€4,294 | -17.8% |
| Total equity and liabilities | 10/49 | €357,563 | €342,272 | -€15,291 | -4.3% |
| Equity | 10/15 | -€33,861 | -€31,994 | +€1,867 | +5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,461 | -€50,594 | +€1,867 | +3.6% |
| Amounts payable | 17/49 | €391,424 | €374,266 | -€17,158 | -4.4% |
| Amounts payable after more than one year | 17 | €386,202 | €369,209 | -€16,993 | -4.4% |
| Other amounts payable | 178/9 | €386,202 | €369,209 | -€16,993 | -4.4% |
| Amounts payable within one year | 42/48 | €4,652 | €4,488 | -€164 | -3.5% |
| Trade debts | 44 | €4,652 | €4,488 | -€164 | -3.5% |
| Suppliers | 440/4 | €4,652 | €4,488 | -€164 | -3.5% |
| Accrued charges and deferred income | 492/3 | €570 | €569 | -€1 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,561 | €10,705 | +€143 | +1.4% |
| Other operating charges | 640/8 | €957 | €969 | +€11 | +1.2% |
| Gross operating margin | 9900 | -€692 | €13,704 | +€14,396 | |
| Operating profit (loss) | 9901 | -€12,211 | €2,031 | +€14,242 | |
| Financial charges | 65/66B | €163 | €163 | = | 0.0% |
| Recurring financial charges | 65 | €163 | €163 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,374 | €1,867 | +€14,242 | |
| Profit (loss) for the period | 9904 | -€12,374 | €1,867 | +€14,242 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,374 | €1,867 | +€14,242 |
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 18 October 2026 via checked.be.