RENAT SHKOLNIK: 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.
RENAT SHKOLNIK
Largest movements
- Cash +€167,553
up €167,553 (+37.2%), from €450,158 to €617,712
mainly Other debts (+€288,806) and Net result for the year (+€209,531)
- Other debts +€288,806
up €288,806 (+2,038%), from €14,175 to €302,980
- Reserves -€140,470
down €140,470 (-35.5%), from €395,459 to €254,990
- Tax, wage and social debts +€22,375
up €22,375 (+87.5%), from €25,566 to €47,941
- Gross operating margin +€65,530
up €65,530 (+31.7%), from €206,712 to €272,242
- Taxes +€16,761
up €16,761 (+35.4%), from €47,383 to €64,144
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 | €452,764 | €623,032 | +€170,268 | +37.6% |
| Fixed assets | 21/28 | €300 | €300 | = | 0.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €452,464 | €622,732 | +€170,268 | +37.6% |
| Amounts receivable within one year | 40/41 | €2,306 | €1,685 | -€621 | -26.9% |
| Trade receivables | 40 | €2,299 | - | -€2,299 | |
| Other amounts receivable | 41 | €7 | €1,685 | +€1,679 | +25,627% |
| Cash at bank and in hand | 54/58 | €450,158 | €617,712 | +€167,553 | +37.2% |
| Deferred charges and accrued income | 490/1 | - | €3,335 | +€3,335 | |
| Total equity and liabilities | 10/49 | €452,764 | €623,032 | +€170,268 | +37.6% |
| Equity | 10/15 | €410,459 | €269,990 | -€140,470 | -34.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €395,459 | €254,990 | -€140,470 | -35.5% |
| Distributable reserves | 133 | €395,459 | €254,990 | -€140,470 | -35.5% |
| Amounts payable | 17/49 | €42,305 | €353,042 | +€310,737 | +735% |
| Amounts payable within one year | 42/48 | €41,191 | €352,745 | +€311,554 | +756% |
| Trade debts | 44 | €1,450 | €1,824 | +€374 | +25.8% |
| Suppliers | 440/4 | €1,450 | €1,824 | +€374 | +25.8% |
| Taxes, remuneration and social security | 45 | €25,566 | €47,941 | +€22,375 | +87.5% |
| Taxes | 450/3 | €25,566 | €47,941 | +€22,375 | +87.5% |
| Other amounts payable | 47/48 | €14,175 | €302,980 | +€288,806 | +2,038% |
| Accrued charges and deferred income | 492/3 | €1,114 | €297 | -€817 | -73.3% |
| Other operating charges | 640/8 | €64 | €465 | +€402 | +630% |
| Gross operating margin | 9900 | €206,712 | €272,242 | +€65,530 | +31.7% |
| Operating profit (loss) | 9901 | €206,648 | €271,777 | +€65,128 | +31.5% |
| Financial income | 75/76B | €1,692 | €2,763 | +€1,071 | +63.3% |
| Recurring financial income | 75 | €1,692 | €2,763 | +€1,071 | +63.3% |
| Financial charges | 65/66B | €905 | €865 | -€40 | -4.4% |
| Recurring financial charges | 65 | €905 | €865 | -€40 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €207,435 | €273,674 | +€66,239 | +31.9% |
| Income taxes | 67/77 | €47,383 | €64,144 | +€16,761 | +35.4% |
| Profit (loss) for the period | 9904 | €160,052 | €209,531 | +€49,479 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €160,052 | €209,531 | +€49,479 | +30.9% |
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.