RENARD CAROLINE: 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 CAROLINE
Largest movements
- Intangible fixed assets -€10,000
down €10,000 (-19.2%), from €52,131 to €42,131
- Cash +€3,921
up €3,921 (+21.1%), from €18,585 to €22,507
mainly Net result for the year (+€25,138) and Other debts (+€17,438)
- Deferred charges and accrued income -€2,866
down €2,866 (-18.4%), from €15,543 to €12,677
- Receivables within one year +€2,672
new in 2025: €2,672
of which Other amounts receivable: +€1,376
- Other debts +€17,438
up €17,438 (+1,195%), from €1,460 to €18,898
- Debts after one year -€15,994
down €15,994 (-58.9%), from €27,168 to €11,174
- Tax, wage and social debts -€4,966
down €4,966 (-81.9%), from €6,066 to €1,100
of which Taxes: -€4,966
- Profit (loss) carried forward -€4,862
down €4,862 (-14.4%), from €33,856 to €28,995
- Trade debts +€973
up €973 (+88.2%), from €1,103 to €2,077
- Gross operating margin +€1,672
up €1,672 (+3.6%), from €46,524 to €48,196
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 | €89,319 | €82,344 | -€6,975 | -7.8% |
| Fixed assets | 21/28 | €55,190 | €44,487 | -€10,703 | -19.4% |
| Intangible fixed assets | 21 | €52,131 | €42,131 | -€10,000 | -19.2% |
| Tangible fixed assets | 22/27 | €3,016 | €2,313 | -€703 | -23.3% |
| Plant, machinery and equipment | 23 | €3,016 | €2,313 | -€703 | -23.3% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €34,129 | €37,857 | +€3,728 | +10.9% |
| Amounts receivable within one year | 40/41 | - | €2,672 | +€2,672 | |
| Trade receivables | 40 | - | €1,297 | +€1,297 | |
| Other amounts receivable | 41 | - | €1,376 | +€1,376 | |
| Cash at bank and in hand | 54/58 | €18,585 | €22,507 | +€3,921 | +21.1% |
| Deferred charges and accrued income | 490/1 | €15,543 | €12,677 | -€2,866 | -18.4% |
| Total equity and liabilities | 10/49 | €89,319 | €82,344 | -€6,975 | -7.8% |
| Equity | 10/15 | €36,856 | €31,995 | -€4,862 | -13.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,856 | €28,995 | -€4,862 | -14.4% |
| Amounts payable | 17/49 | €52,463 | €50,350 | -€2,113 | -4.0% |
| Amounts payable after more than one year | 17 | €27,168 | €11,174 | -€15,994 | -58.9% |
| Financial debts | 170/4 | €27,168 | €11,174 | -€15,994 | -58.9% |
| Amounts payable within one year | 42/48 | €24,194 | €38,074 | +€13,880 | +57.4% |
| Current portion of amounts payable after more than one year | 42 | €15,565 | €15,994 | +€429 | +2.8% |
| Financial debts | 43 | - | €6 | +€6 | |
| Credit institutions | 430/8 | - | €6 | +€6 | |
| Trade debts | 44 | €1,103 | €2,077 | +€973 | +88.2% |
| Suppliers | 440/4 | €1,103 | €2,077 | +€973 | +88.2% |
| Taxes, remuneration and social security | 45 | €6,066 | €1,100 | -€4,966 | -81.9% |
| Taxes | 450/3 | €4,966 | - | -€4,966 | |
| Remuneration and social security | 454/9 | €1,100 | €1,100 | = | 0.0% |
| Other amounts payable | 47/48 | €1,460 | €18,898 | +€17,438 | +1,195% |
| Accrued charges and deferred income | 492/3 | €1,101 | €1,101 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,349 | €10,703 | +€354 | +3.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €46,524 | €48,196 | +€1,672 | +3.6% |
| Operating profit (loss) | 9901 | €35,788 | €37,094 | +€1,306 | +3.6% |
| Financial charges | 65/66B | €1,782 | €1,331 | -€450 | -25.3% |
| Recurring financial charges | 65 | €1,782 | €1,331 | -€450 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €34,006 | €35,762 | +€1,756 | +5.2% |
| Income taxes | 67/77 | €10,966 | €10,624 | -€342 | -3.1% |
| Profit (loss) for the period | 9904 | €23,040 | €25,138 | +€2,098 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,040 | €25,138 | +€2,098 | +9.1% |
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 26 October 2026 via checked.be.