RENALTRADE: 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
RENALTRADE
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€40,339
2024 · €50,243-€9,904
Equity
€251,500
2024 · €251,161+€339
Cash
€365,230
2024 · €366,037-€807
Balance sheet total
€592,926
2024 · €586,186+€6,740
Largest movements
Assets
- Stocks and contracts +€29,293
up €29,293 (+20.2%), from €144,793 to €174,086
- Tangible fixed assets -€19,516
down €19,516 (-52.5%), from €37,164 to €17,648
of which Furniture and vehicles: -€17,584
Equity and liabilities
- Other debts +€15,738
up €15,738 (+55.5%), from €28,374 to €44,112
- Trade debts -€7,485
down €7,485 (-2.8%), from €271,204 to €263,719
Income statement
- Gross operating margin -€281,372
down €281,372 (-46.4%), from €606,388 to €325,016
- Staff costs -€247,262
down €247,262 (-49.1%), from €503,527 to €256,265
- Depreciation -€19,682
down €19,682 (-58.4%), from €33,674 to €13,992
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
€50,243
Gross operating margin
-€281,372
Staff costs
+€247,262
Depreciation
+€19,682
Other operating charges
-€342
Other operating items
-€67
Financial income
+€4,909
Financial charges
+€2,054
Taxes
-€2,031
Result 2025
€40,339
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
+€33,668
Investment
+€5,524
Financing
-€40,000
Cash 2024
€366,037
From operations (derived)
+€33,668
Net result for the year
+€40,339
Depreciation
+€13,992
Stocks and contracts
-€29,293
Receivables within one year
+€1,172
Deferred charges and accrued income
+€1,056
Trade debts
-€7,485
Tax, wage and social debts
-€1,807
Other debts
+€15,738
Accrued charges and deferred income
-€45
Investment (derived)
+€5,524
Investment in fixed assets (net)
+€5,524
Financing
-€40,000
Contributions, distributions and other
-€40,000
Cash 2025
€365,230
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €586,186 | €592,926 | +€6,740 | +1.1% |
| Fixed assets | 21/28 | €37,355 | €17,839 | -€19,516 | -52.2% |
| Tangible fixed assets | 22/27 | €37,164 | €17,648 | -€19,516 | -52.5% |
| Furniture and vehicles | 24 | €31,633 | €14,049 | -€17,584 | -55.6% |
| Other tangible fixed assets | 26 | €5,531 | €3,599 | -€1,932 | -34.9% |
| Financial fixed assets | 28 | €191 | €191 | = | 0.0% |
| Current assets | 29/58 | €548,830 | €575,087 | +€26,257 | +4.8% |
| Stocks and contracts in progress | 3 | €144,793 | €174,086 | +€29,293 | +20.2% |
| Stocks | 30/36 | €144,793 | €174,086 | +€29,293 | +20.2% |
| Amounts receivable within one year | 40/41 | €26,086 | €24,914 | -€1,172 | -4.5% |
| Trade receivables | 40 | €11,583 | €16,580 | +€4,997 | +43.1% |
| Other amounts receivable | 41 | €14,503 | €8,334 | -€6,169 | -42.5% |
| Cash at bank and in hand | 54/58 | €366,037 | €365,230 | -€807 | -0.2% |
| Deferred charges and accrued income | 490/1 | €11,914 | €10,858 | -€1,056 | -8.9% |
| Total equity and liabilities | 10/49 | €586,186 | €592,926 | +€6,740 | +1.1% |
| Equity | 10/15 | €251,161 | €251,500 | +€339 | +0.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,161 | €51,500 | +€339 | +0.7% |
| Amounts payable | 17/49 | €335,024 | €341,426 | +€6,401 | +1.9% |
| Amounts payable within one year | 42/48 | €334,980 | €341,426 | +€6,446 | +1.9% |
| Trade debts | 44 | €271,204 | €263,719 | -€7,485 | -2.8% |
| Suppliers | 440/4 | €271,204 | €263,719 | -€7,485 | -2.8% |
| Taxes, remuneration and social security | 45 | €35,401 | €33,594 | -€1,807 | -5.1% |
| Taxes | 450/3 | €13,273 | €5,323 | -€7,949 | -59.9% |
| Remuneration and social security | 454/9 | €22,128 | €28,271 | +€6,143 | +27.8% |
| Other amounts payable | 47/48 | €28,374 | €44,112 | +€15,738 | +55.5% |
| Accrued charges and deferred income | 492/3 | €45 | - | -€45 | |
| Non-recurring operating income | 76A | €13,992 | €27 | -€13,965 | -99.8% |
| Remuneration, social security and pensions | 62 | €503,527 | €256,265 | -€247,262 | -49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,674 | €13,992 | -€19,682 | -58.4% |
| Other operating charges | 640/8 | €2,149 | €2,491 | +€342 | +15.9% |
| Non-recurring operating charges | 66A | €8 | €75 | +€67 | +868% |
| Gross operating margin | 9900 | €606,388 | €325,016 | -€281,372 | -46.4% |
| Operating profit (loss) | 9901 | €67,030 | €52,193 | -€14,836 | -22.1% |
| Financial income | 75/76B | €67 | €4,976 | +€4,909 | +7,355% |
| Recurring financial income | 75 | €67 | €4,976 | +€4,909 | +7,355% |
| Non-recurring financial income | 76B | - | €4,976 | +€4,976 | |
| Financial charges | 65/66B | €3,561 | €1,507 | -€2,054 | -57.7% |
| Recurring financial charges | 65 | €3,561 | €1,507 | -€2,054 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | €63,536 | €55,662 | -€7,873 | -12.4% |
| Income taxes | 67/77 | €13,293 | €15,323 | +€2,031 | +15.3% |
| Profit (loss) for the period | 9904 | €50,243 | €40,339 | -€9,904 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,243 | €40,339 | -€9,904 | -19.7% |
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 23 October 2026 via checked.be.