RENARD: 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.
RENARD
Largest movements
- Receivables within one year -€99,622
down €99,622 (-95.6%), from €104,240 to €4,618
of which Trade receivables: -€100,000
- Accrued charges and deferred income -€82,389
down €82,389 (-83.4%), from €98,803 to €16,414
- Other debts -€19,932
down €19,932 (-11.6%), from €171,419 to €151,487
- Gross operating margin -€30,174
down €30,174 (-63.4%), from €47,613 to €17,439
- Financial charges -€3,239
down €3,239 (-16.4%), from €19,793 to €16,554
- Taxes -€2,474
no longer reported in 2025 (was €2,474)
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 | €714,626 | €612,395 | -€102,231 | -14.3% |
| Fixed assets | 21/28 | €607,614 | €607,614 | = | 0.0% |
| Financial fixed assets | 28 | €607,614 | €607,614 | = | 0.0% |
| Current assets | 29/58 | €107,012 | €4,782 | -€102,231 | -95.5% |
| Amounts receivable within one year | 40/41 | €104,240 | €4,618 | -€99,622 | -95.6% |
| Trade receivables | 40 | €103,240 | €3,240 | -€100,000 | -96.9% |
| Other amounts receivable | 41 | €1,000 | €1,378 | +€378 | +37.8% |
| Cash at bank and in hand | 54/58 | €2,772 | €164 | -€2,608 | -94.1% |
| Total equity and liabilities | 10/49 | €714,626 | €612,395 | -€102,231 | -14.3% |
| Equity | 10/15 | €327,697 | €327,849 | +€152 | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €321,497 | €321,649 | +€152 | 0.0% |
| Non-distributable reserves | 130/1 | €48,315 | €48,315 | = | 0.0% |
| Reserves not available under the articles | 1311 | €48,315 | €48,315 | = | 0.0% |
| Distributable reserves | 133 | €273,182 | €273,334 | +€152 | +0.1% |
| Amounts payable | 17/49 | €386,929 | €284,546 | -€102,382 | -26.5% |
| Amounts payable after more than one year | 17 | €114,000 | €114,000 | = | 0.0% |
| Financial debts | 170/4 | €114,000 | €114,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €174,126 | €154,133 | -€19,993 | -11.5% |
| Trade debts | 44 | €233 | €172 | -€61 | -26.3% |
| Suppliers | 440/4 | €233 | €172 | -€61 | -26.3% |
| Taxes, remuneration and social security | 45 | €2,474 | €2,474 | = | 0.0% |
| Taxes | 450/3 | €2,474 | €2,474 | = | 0.0% |
| Other amounts payable | 47/48 | €171,419 | €151,487 | -€19,932 | -11.6% |
| Accrued charges and deferred income | 492/3 | €98,803 | €16,414 | -€82,389 | -83.4% |
| Other operating charges | 640/8 | €609 | €733 | +€124 | +20.3% |
| Gross operating margin | 9900 | €47,613 | €17,439 | -€30,174 | -63.4% |
| Operating profit (loss) | 9901 | €47,003 | €16,705 | -€30,298 | -64.5% |
| Financial charges | 65/66B | €19,793 | €16,554 | -€3,239 | -16.4% |
| Recurring financial charges | 65 | €19,793 | €16,554 | -€3,239 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €27,211 | €152 | -€27,059 | -99.4% |
| Income taxes | 67/77 | €2,474 | - | -€2,474 | |
| Profit (loss) for the period | 9904 | €24,737 | €152 | -€24,585 | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,737 | €152 | -€24,585 | -99.4% |
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 27 October 2026 via checked.be.