RENART: 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.
RENART
Largest movements
- Cash +€46,118
up €46,118 (+61.4%), from €75,125 to €121,243
mainly Net result for the year (+€75,679) and Other debts (+€75,209)
- Receivables within one year +€15,819
up €15,819 (+53.2%), from €29,725 to €45,545
of which Trade receivables: +€15,895
- Tangible fixed assets -€15,539
down €15,539 (-27.9%), from €55,783 to €40,244
of which Furniture and vehicles: -€15,755
- Other debts +€75,209
up €75,209 (+16002.0%), from €470 to €75,679
- Tax, wage and social debts -€27,785
down €27,785 (-93.9%), from €29,595 to €1,810
- Gross operating margin +€23,962
up €23,962 (+27.3%), from €87,897 to €111,860
- Depreciation +€1,119
up €1,119 (+7.1%), from €15,658 to €16,777
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.
Cash bridge derived
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 | €192,700 | €239,703 | +€47,003 | +24.4% |
| Fixed assets | 21/28 | €55,783 | €40,244 | -€15,539 | -27.9% |
| Tangible fixed assets | 22/27 | €55,783 | €40,244 | -€15,539 | -27.9% |
| Plant, machinery and equipment | 23 | €995 | €1,769 | +€775 | +77.9% |
| Furniture and vehicles | 24 | €52,235 | €36,480 | -€15,755 | -30.2% |
| Other tangible fixed assets | 26 | €2,553 | €1,995 | -€559 | -21.9% |
| Current assets | 29/58 | €136,917 | €199,458 | +€62,541 | +45.7% |
| Amounts receivable within one year | 40/41 | €29,725 | €45,545 | +€15,819 | +53.2% |
| Trade receivables | 40 | €23,536 | €39,431 | +€15,895 | +67.5% |
| Other amounts receivable | 41 | €6,189 | €6,114 | -€75 | -1.2% |
| Current investments | 50/53 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €75,125 | €121,243 | +€46,118 | +61.4% |
| Deferred charges and accrued income | 490/1 | €2,066 | €2,670 | +€604 | +29.2% |
| Total equity and liabilities | 10/49 | €192,700 | €239,703 | +€47,003 | +24.4% |
| Equity | 10/15 | €162,141 | €162,141 | = | 0.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €158,141 | €158,141 | = | 0.0% |
| Distributable reserves | 133 | €158,141 | €158,141 | = | 0.0% |
| Amounts payable | 17/49 | €30,559 | €77,562 | +€47,003 | +153.8% |
| Amounts payable within one year | 42/48 | €30,559 | €77,562 | +€47,003 | +153.8% |
| Trade debts | 44 | €495 | €73 | -€422 | -85.3% |
| Suppliers | 440/4 | €495 | €73 | -€422 | -85.3% |
| Taxes, remuneration and social security | 45 | €29,595 | €1,810 | -€27,785 | -93.9% |
| Taxes | 450/3 | €29,595 | €1,810 | -€27,785 | -93.9% |
| Other amounts payable | 47/48 | €470 | €75,679 | +€75,209 | +16002.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,658 | €16,777 | +€1,119 | +7.1% |
| Other operating charges | 640/8 | €417 | €783 | +€366 | +87.9% |
| Gross operating margin | 9900 | €87,897 | €111,860 | +€23,962 | +27.3% |
| Operating profit (loss) | 9901 | €71,822 | €94,299 | +€22,477 | +31.3% |
| Financial income | 75/76B | €950 | €1,274 | +€324 | +34.2% |
| Recurring financial income | 75 | €950 | €1,274 | +€324 | +34.2% |
| Financial charges | 65/66B | €134 | €84 | -€50 | -37.5% |
| Recurring financial charges | 65 | €134 | €84 | -€50 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €72,638 | €95,490 | +€22,852 | +31.5% |
| Income taxes | 67/77 | €20,422 | €19,810 | -€612 | -3.0% |
| Profit (loss) for the period | 9904 | €52,216 | €75,679 | +€23,464 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,216 | €75,679 | +€23,464 | +44.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.