RENART: 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.
RENART
Largest movements
- Cash +€488,802
up €488,802 (+1,214%), from €40,272 to €529,074
mainly Net result for the year (+€250,127) and Stocks and contracts (+€240,779)
- Stocks and contracts -€240,779
down €240,779 (-16.4%), from €1.5m to €1.2m
- Receivables within one year -€31,176
down €31,176 (-15.3%), from €203,627 to €172,451
of which Other amounts receivable: -€39,267
- Profit (loss) carried forward +€250,127
up €250,127 (+30.5%), from €819,963 to €1.1m
- Short-term financial debts -€140,866
down €140,866 (-16.7%), from €844,532 to €703,666
- Trade debts +€82,635
up €82,635 (+407%), from €20,283 to €102,918
- Tax, wage and social debts +€25,352
up €25,352 (+118%), from €21,424 to €46,776
of which Taxes: +€46,176
- Gross operating margin +€172,699
up €172,699 (+102%), from €168,883 to €341,581
- Taxes +€46,191
new in 2025: €46,191
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 | €1,714,702 | €1,932,217 | +€217,514 | +12.7% |
| Fixed assets | 21/28 | €253 | €773 | +€521 | +206% |
| Tangible fixed assets | 22/27 | €253 | €773 | +€521 | +206% |
| Furniture and vehicles | 24 | €253 | €773 | +€521 | +206% |
| Current assets | 29/58 | €1,714,450 | €1,931,444 | +€216,994 | +12.7% |
| Stocks and contracts in progress | 3 | €1,469,041 | €1,228,262 | -€240,779 | -16.4% |
| Stocks | 30/36 | €1,469,041 | €1,228,262 | -€240,779 | -16.4% |
| Amounts receivable within one year | 40/41 | €203,627 | €172,451 | -€31,176 | -15.3% |
| Trade receivables | 40 | €119,844 | €127,934 | +€8,091 | +6.8% |
| Other amounts receivable | 41 | €83,783 | €44,516 | -€39,267 | -46.9% |
| Cash at bank and in hand | 54/58 | €40,272 | €529,074 | +€488,802 | +1,214% |
| Deferred charges and accrued income | 490/1 | €1,511 | €1,657 | +€147 | +9.7% |
| Total equity and liabilities | 10/49 | €1,714,702 | €1,932,217 | +€217,514 | +12.7% |
| Equity | 10/15 | €828,463 | €1,078,590 | +€250,127 | +30.2% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €819,963 | €1,070,090 | +€250,127 | +30.5% |
| Amounts payable | 17/49 | €886,240 | €853,627 | -€32,613 | -3.7% |
| Amounts payable within one year | 42/48 | €886,240 | €853,627 | -€32,613 | -3.7% |
| Financial debts | 43 | €844,532 | €703,666 | -€140,866 | -16.7% |
| Credit institutions | 430/8 | €844,532 | €703,666 | -€140,866 | -16.7% |
| Trade debts | 44 | €20,283 | €102,918 | +€82,635 | +407% |
| Suppliers | 440/4 | €20,283 | €102,918 | +€82,635 | +407% |
| Taxes, remuneration and social security | 45 | €21,424 | €46,776 | +€25,352 | +118% |
| Taxes | 450/3 | €600 | €46,776 | +€46,176 | +7,700% |
| Remuneration and social security | 454/9 | €20,825 | - | -€20,825 | |
| Other amounts payable | 47/48 | - | €267 | +€267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €736 | €374 | -€361 | -49.1% |
| Other operating charges | 640/8 | €1,650 | €1,835 | +€185 | +11.2% |
| Gross operating margin | 9900 | €168,883 | €341,581 | +€172,699 | +102% |
| Operating profit (loss) | 9901 | €166,497 | €339,372 | +€172,876 | +104% |
| Financial income | 75/76B | €4,533 | €5,687 | +€1,153 | +25.4% |
| Recurring financial income | 75 | €4,533 | €5,687 | +€1,153 | +25.4% |
| Financial charges | 65/66B | €50,501 | €48,741 | -€1,760 | -3.5% |
| Recurring financial charges | 65 | €50,501 | €48,741 | -€1,760 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €120,528 | €296,318 | +€175,789 | +146% |
| Income taxes | 67/77 | - | €46,191 | +€46,191 | |
| Profit (loss) for the period | 9904 | €120,528 | €250,127 | +€129,599 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €120,528 | €250,127 | +€129,599 | +108% |
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 22 October 2026 via checked.be.