RENARD & Cie: 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 & Cie
Largest movements
- Cash +€1.2m
up €1.2m (+1,340%), from €89,351 to €1.3m
mainly Current investments (+€1.0m) and Net result for the year (+€401,684)
- Current investments -€1.0m
down €1.0m (-66.7%), from €1.5m to €500,000
- Receivables within one year +€76,710
up €76,710 (+79.6%), from €96,348 to €173,058
- Reserves +€401,684
up €401,684 (+16.4%), from €2.5m to €2.9m
of which Distributable reserves: +€401,684
- Debts after one year -€269,653
down €269,653 (-20.5%), from €1.3m to €1.0m
- Tax, wage and social debts +€62,451
up €62,451 (+157%), from €39,688 to €102,139
- Turnover +€57,057
up €57,057 (+7.8%), from €730,002 to €787,059
- Other operating charges +€39,435
up €39,435 (+155%), from €25,373 to €64,809
- Financial income +€10,148
up €10,148 (+41.8%), from €24,306 to €34,454
- Taxes +€9,923
up €9,923 (+7.8%), from €127,362 to €137,285
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 | €4,271,165 | €4,505,874 | +€234,709 | +5.5% |
| Fixed assets | 21/28 | €2,585,467 | €2,545,773 | -€39,694 | -1.5% |
| Tangible fixed assets | 22/27 | €2,585,467 | €2,545,773 | -€39,694 | -1.5% |
| Land and buildings | 22 | €2,556,923 | €2,389,603 | -€167,319 | -6.5% |
| Plant, machinery and equipment | 23 | €28,544 | €156,169 | +€127,625 | +447% |
| Current assets | 29/58 | €1,685,698 | €1,960,102 | +€274,404 | +16.3% |
| Amounts receivable within one year | 40/41 | €96,348 | €173,058 | +€76,710 | +79.6% |
| Other amounts receivable | 41 | €96,348 | €173,058 | +€76,710 | +79.6% |
| Current investments | 50/53 | €1,500,000 | €500,000 | -€1.0m | -66.7% |
| Other investments | 51/53 | €1,500,000 | €500,000 | -€1.0m | -66.7% |
| Cash at bank and in hand | 54/58 | €89,351 | €1,287,044 | +€1.2m | +1,340% |
| Total equity and liabilities | 10/49 | €4,271,165 | €4,505,874 | +€234,709 | +5.5% |
| Equity | 10/15 | €2,635,294 | €3,028,445 | +€393,151 | +14.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,450,581 | €2,852,265 | +€401,684 | +16.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €2,444,431 | €2,846,115 | +€401,684 | +16.4% |
| Investment grants | 15 | €123,213 | €114,680 | -€8,533 | -6.9% |
| Amounts payable | 17/49 | €1,635,871 | €1,477,429 | -€158,442 | -9.7% |
| Amounts payable after more than one year | 17 | €1,315,898 | €1,046,245 | -€269,653 | -20.5% |
| Financial debts | 170/4 | €1,315,898 | €1,046,245 | -€269,653 | -20.5% |
| Credit institutions | 173 | €1,315,898 | €1,046,245 | -€269,653 | -20.5% |
| Amounts payable within one year | 42/48 | €302,914 | €413,253 | +€110,339 | +36.4% |
| Current portion of amounts payable after more than one year | 42 | €263,226 | €269,653 | +€6,427 | +2.4% |
| Trade debts | 44 | - | €41,460 | +€41,460 | |
| Suppliers | 440/4 | - | €41,460 | +€41,460 | |
| Taxes, remuneration and social security | 45 | €39,688 | €102,139 | +€62,451 | +157% |
| Taxes | 450/3 | €39,688 | €102,139 | +€62,451 | +157% |
| Accrued charges and deferred income | 492/3 | €17,058 | €17,931 | +€873 | +5.1% |
| Operating income | 70/76A | €730,002 | €787,059 | +€57,057 | +7.8% |
| Turnover | 70 | €730,002 | €787,059 | +€57,057 | +7.8% |
| Operating charges | 60/66A | €203,258 | €247,454 | +€44,196 | +21.7% |
| Services and other goods | 61 | €10,027 | €9,439 | -€588 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,858 | €173,207 | +€5,349 | +3.2% |
| Other operating charges | 640/8 | €25,373 | €64,809 | +€39,435 | +155% |
| Operating profit (loss) | 9901 | €526,744 | €539,605 | +€12,861 | +2.4% |
| Financial income | 75/76B | €24,306 | €34,454 | +€10,148 | +41.8% |
| Recurring financial income | 75 | €24,306 | €34,454 | +€10,148 | +41.8% |
| Income from current assets | 751 | €15,773 | €25,920 | +€10,148 | +64.3% |
| Other financial income | 752/9 | €8,533 | €8,533 | = | 0.0% |
| Financial charges | 65/66B | €41,203 | €35,089 | -€6,114 | -14.8% |
| Recurring financial charges | 65 | €41,203 | €35,089 | -€6,114 | -14.8% |
| Debt charges | 650 | €41,160 | €35,036 | -€6,124 | -14.9% |
| Other financial charges | 652/9 | €43 | €53 | +€9 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €509,847 | €538,969 | +€29,123 | +5.7% |
| Income taxes | 67/77 | €127,362 | €137,285 | +€9,923 | +7.8% |
| Taxes | 670/3 | €127,362 | €137,285 | +€9,923 | +7.8% |
| Profit (loss) for the period | 9904 | €382,484 | €401,684 | +€19,200 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €382,484 | €401,684 | +€19,200 | +5.0% |
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 31 October 2026 via checked.be.