RENARD: what changed
Two fiscal 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.
RENARD
Largest movements
- Current investments +€150,000
new in 2024: €150,000
- Cash -€133,557
down €133,557 (-42.1%), from €317,321 to €183,764
mainly Current investments (-€150,000) and Contributions, distributions and other (-€65,000)
- Receivables within one year +€12,655
up €12,655 (+43.8%), from €28,910 to €41,565
of which Other amounts receivable: +€12,519
- Other debts +€65,000
new in 2024: €65,000
- Reserves -€19,732
down €19,732 (-6.2%), from €315,800 to €296,068
of which Distributable reserves: -€19,732
- Tax, wage and social debts -€14,876
down €14,876 (-78.1%), from €19,047 to €4,172
- Gross operating margin +€8,845
up €8,845 (+14.5%), from €61,048 to €69,893
- Financial income +€4,393
up €4,393 (+636.0%), from €691 to €5,084
- Taxes +€4,296
up €4,296 (+25.5%), from €16,829 to €21,125
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €354,529 | €383,958 | +€29,430 | +8.3% |
| Fixed assets | 21/28 | €7,607 | €6,723 | -€884 | -11.6% |
| Tangible fixed assets | 22/27 | €7,607 | €6,723 | -€884 | -11.6% |
| Land and buildings | 22 | €7,607 | €6,723 | -€884 | -11.6% |
| Current assets | 29/58 | €346,922 | €377,235 | +€30,313 | +8.7% |
| Amounts receivable within one year | 40/41 | €28,910 | €41,565 | +€12,655 | +43.8% |
| Trade receivables | 40 | €0 | €136 | +€136 | |
| Other amounts receivable | 41 | €28,910 | €41,429 | +€12,519 | +43.3% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €317,321 | €183,764 | -€133,557 | -42.1% |
| Deferred charges and accrued income | 490/1 | €691 | €1,906 | +€1,215 | +175.9% |
| Total equity and liabilities | 10/49 | €354,529 | €383,958 | +€29,430 | +8.3% |
| Equity | 10/15 | €334,392 | €314,660 | -€19,732 | -5.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €315,800 | €296,068 | -€19,732 | -6.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €315,800 | €296,068 | -€19,732 | -6.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €20,137 | €69,299 | +€49,162 | +244.1% |
| Amounts payable within one year | 42/48 | €20,137 | €69,299 | +€49,162 | +244.1% |
| Trade debts | 44 | €1,089 | €127 | -€962 | -88.3% |
| Suppliers | 440/4 | €1,089 | €127 | -€962 | -88.3% |
| Taxes, remuneration and social security | 45 | €19,047 | €4,172 | -€14,876 | -78.1% |
| Taxes | 450/3 | €19,047 | €4,172 | -€14,876 | -78.1% |
| Other amounts payable | 47/48 | - | €65,000 | +€65,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,550 | €884 | -€666 | -43.0% |
| Other operating charges | 640/8 | €7,248 | €7,529 | +€281 | +3.9% |
| Gross operating margin | 9900 | €61,048 | €69,893 | +€8,845 | +14.5% |
| Operating profit (loss) | 9901 | €52,250 | €61,481 | +€9,230 | +17.7% |
| Financial income | 75/76B | €691 | €5,084 | +€4,393 | +636.0% |
| Recurring financial income | 75 | €691 | €5,084 | +€4,393 | +636.0% |
| Financial charges | 65/66B | €50 | €172 | +€122 | +245.0% |
| Recurring financial charges | 65 | €50 | €172 | +€122 | +245.0% |
| Profit (loss) for the period before taxes | 9903 | €52,891 | €66,393 | +€13,501 | +25.5% |
| Income taxes | 67/77 | €16,829 | €21,125 | +€4,296 | +25.5% |
| Profit (loss) for the period | 9904 | €36,062 | €45,268 | +€9,206 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,062 | €45,268 | +€9,206 | +25.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.