RENAISSANCE PROPERTIES: 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.
What changed
RENAISSANCE PROPERTIES
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€15,776
2024 · -€2,510+€18,286
Equity
€470,109
2024 · €516,817-€46,707
Cash
€59,655
2024 · €61,189-€1,534
Balance sheet total
€649,347
2024 · €654,213-€4,866
Largest movements
Assets
- Receivables within one year -€11,659
down €11,659 (-53.9%), from €21,639 to €9,981
of which Other amounts receivable: -€11,681
- Tangible fixed assets +€7,770
up €7,770 (+3.1%), from €253,410 to €261,181
of which Land and buildings: +€6,757
Equity and liabilities
- Other debts +€49,496
up €49,496 (+105%), from €47,335 to €96,832
- Reserves -€45,041
down €45,041 (-14.0%), from €320,801 to €275,759
of which Distributable reserves: -€45,041
- Trade debts -€8,060
down €8,060 (-56.9%), from €14,156 to €6,096
Income statement
- Other operating charges -€34,608
down €34,608 (-93.5%), from €36,998 to €2,390
- Gross operating margin -€14,648
down €14,648 (-28.4%), from €51,561 to €36,913
- Taxes +€6,611
up €6,611 (+459%), from €1,439 to €8,050
- Financial charges -€4,239
down €4,239 (-53.5%), from €7,927 to €3,688
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.
Result 2024
-€2,510
Gross operating margin
-€14,648
Staff costs
-€98
Depreciation
+€146
Other operating charges
+€34,608
Other operating items
+€923
Financial income
-€274
Financial charges
+€4,239
Taxes
-€6,611
Result 2025
€15,776
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€73,541
Investment
-€11,717
Financing
-€63,358
Cash 2024
€61,189
From operations (derived)
+€73,541
Net result for the year
+€15,776
Depreciation
+€6,924
Receivables after one year
-€3,461
Receivables within one year
+€11,659
Deferred charges and accrued income
-€74
Trade debts
-€8,060
Tax, wage and social debts
+€2,275
Other debts
+€49,496
Accrued charges and deferred income
-€994
Investment (derived)
-€11,717
Investment in fixed assets (net)
-€11,717
Financing
-€63,358
Current portion of long-term debt
-€875
Contributions, distributions and other
-€62,483
Cash 2025
€59,655
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €654,213 | €649,347 | -€4,866 | -0.7% |
| Fixed assets | 21/28 | €288,070 | €292,862 | +€4,793 | +1.7% |
| Intangible fixed assets | 21 | €8,459 | €5,482 | -€2,977 | -35.2% |
| Tangible fixed assets | 22/27 | €253,410 | €261,181 | +€7,770 | +3.1% |
| Land and buildings | 22 | €247,701 | €254,458 | +€6,757 | +2.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €5,709 | €6,723 | +€1,013 | +17.8% |
| Financial fixed assets | 28 | €26,200 | €26,200 | = | 0.0% |
| Current assets | 29/58 | €366,143 | €356,485 | -€9,659 | -2.6% |
| Amounts receivable after more than one year | 29 | €281,517 | €284,977 | +€3,461 | +1.2% |
| Other amounts receivable | 291 | €281,517 | €284,977 | +€3,461 | +1.2% |
| Amounts receivable within one year | 40/41 | €21,639 | €9,981 | -€11,659 | -53.9% |
| Trade receivables | 40 | €1,009 | €1,031 | +€22 | +2.2% |
| Other amounts receivable | 41 | €20,631 | €8,950 | -€11,681 | -56.6% |
| Cash at bank and in hand | 54/58 | €61,189 | €59,655 | -€1,534 | -2.5% |
| Deferred charges and accrued income | 490/1 | €1,798 | €1,871 | +€74 | +4.1% |
| Total equity and liabilities | 10/49 | €654,213 | €649,347 | -€4,866 | -0.7% |
| Equity | 10/15 | €516,817 | €470,109 | -€46,707 | -9.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €320,801 | €275,759 | -€45,041 | -14.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €146,982 | €146,982 | = | 0.0% |
| Distributable reserves | 133 | €171,963 | €126,922 | -€45,041 | -26.2% |
| Profit (loss) carried forward | 14 | €177,466 | €175,800 | -€1,666 | -0.9% |
| Provisions and deferred taxes | 16 | €48,994 | €48,994 | = | 0.0% |
| Deferred taxes | 168 | €48,994 | €48,994 | = | 0.0% |
| Amounts payable | 17/49 | €88,402 | €130,244 | +€41,841 | +47.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €84,835 | €127,670 | +€42,836 | +50.5% |
| Current portion of amounts payable after more than one year | 42 | €6,593 | €5,718 | -€875 | -13.3% |
| Trade debts | 44 | €14,156 | €6,096 | -€8,060 | -56.9% |
| Suppliers | 440/4 | €14,156 | €6,096 | -€8,060 | -56.9% |
| Taxes, remuneration and social security | 45 | €16,750 | €19,025 | +€2,275 | +13.6% |
| Taxes | 450/3 | €16,750 | €19,025 | +€2,275 | +13.6% |
| Other amounts payable | 47/48 | €47,335 | €96,832 | +€49,496 | +105% |
| Accrued charges and deferred income | 492/3 | €3,567 | €2,573 | -€994 | -27.9% |
| Non-recurring operating income | 76A | €4,500 | €0 | -€4,500 | -100% |
| Remuneration, social security and pensions | 62 | - | €98 | +€98 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,071 | €6,924 | -€146 | -2.1% |
| Other operating charges | 640/8 | €36,998 | €2,390 | -€34,608 | -93.5% |
| Non-recurring operating charges | 66A | €923 | €0 | -€923 | -100% |
| Gross operating margin | 9900 | €51,561 | €36,913 | -€14,648 | -28.4% |
| Operating profit (loss) | 9901 | €6,569 | €27,500 | +€20,932 | +319% |
| Financial income | 75/76B | €287 | €14 | -€274 | -95.3% |
| Recurring financial income | 75 | €287 | €14 | -€274 | -95.3% |
| Financial charges | 65/66B | €7,927 | €3,688 | -€4,239 | -53.5% |
| Recurring financial charges | 65 | €7,927 | €3,688 | -€4,239 | -53.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,071 | €23,826 | +€24,897 | |
| Income taxes | 67/77 | €1,439 | €8,050 | +€6,611 | +459% |
| Profit (loss) for the period | 9904 | -€2,510 | €15,776 | +€18,286 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,510 | €15,776 | +€18,286 |
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 16 October 2026 via checked.be.