RENAR: 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.
RENAR
Largest movements
- Current investments +€75,000
up €75,000 (+300%), from €25,000 to €100,000
- Cash -€8,656
down €8,656 (-23.6%), from €36,657 to €28,001
mainly Current investments (-€75,000) and Investment in fixed assets (net) (-€3,077)
- Profit (loss) carried forward +€65,004
up €65,004 (+103%), from €63,323 to €128,327
- Other debts +€3,269
up €3,269 (+116%), from €2,811 to €6,080
- Gross operating margin +€2,452
up €2,452 (+3.0%), from €83,054 to €85,506
- Depreciation +€964
up €964 (+138%), from €696 to €1,660
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 | €81,940 | €150,223 | +€68,283 | +83.3% |
| Fixed assets | 21/28 | €3,569 | €4,986 | +€1,417 | +39.7% |
| Tangible fixed assets | 22/27 | €3,569 | €4,986 | +€1,417 | +39.7% |
| Land and buildings | 22 | - | €2,484 | +€2,484 | |
| Furniture and vehicles | 24 | €3,569 | €2,502 | -€1,067 | -29.9% |
| Current assets | 29/58 | €78,372 | €145,237 | +€66,865 | +85.3% |
| Amounts receivable within one year | 40/41 | €16,715 | €17,236 | +€521 | +3.1% |
| Trade receivables | 40 | €16,715 | €17,236 | +€521 | +3.1% |
| Current investments | 50/53 | €25,000 | €100,000 | +€75,000 | +300% |
| Cash at bank and in hand | 54/58 | €36,657 | €28,001 | -€8,656 | -23.6% |
| Total equity and liabilities | 10/49 | €81,940 | €150,223 | +€68,283 | +83.3% |
| Equity | 10/15 | €65,323 | €130,327 | +€65,004 | +99.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,323 | €128,327 | +€65,004 | +103% |
| Amounts payable | 17/49 | €16,617 | €19,896 | +€3,279 | +19.7% |
| Amounts payable within one year | 42/48 | €16,617 | €19,896 | +€3,279 | +19.7% |
| Trade debts | 44 | €829 | €843 | +€14 | +1.7% |
| Suppliers | 440/4 | €829 | €843 | +€14 | +1.7% |
| Taxes, remuneration and social security | 45 | €12,978 | €12,973 | -€5 | 0.0% |
| Taxes | 450/3 | €12,978 | €12,973 | -€5 | 0.0% |
| Other amounts payable | 47/48 | €2,811 | €6,080 | +€3,269 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €696 | €1,660 | +€964 | +138% |
| Other operating charges | 640/8 | €674 | €261 | -€413 | -61.3% |
| Gross operating margin | 9900 | €83,054 | €85,506 | +€2,452 | +3.0% |
| Operating profit (loss) | 9901 | €81,684 | €83,585 | +€1,901 | +2.3% |
| Financial income | 75/76B | - | €775 | +€775 | |
| Recurring financial income | 75 | - | €775 | +€775 | |
| Financial charges | 65/66B | €1,048 | €1,448 | +€400 | +38.2% |
| Recurring financial charges | 65 | €1,048 | €1,448 | +€400 | +38.2% |
| Profit (loss) for the period before taxes | 9903 | €80,636 | €82,912 | +€2,276 | +2.8% |
| Income taxes | 67/77 | €17,313 | €17,908 | +€595 | +3.4% |
| Profit (loss) for the period | 9904 | €63,323 | €65,004 | +€1,681 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,323 | €65,004 | +€1,681 | +2.7% |
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 13 October 2026 via checked.be.