RENATE: 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.
RENATE
Largest movements
- Tangible fixed assets +€19,312
up €19,312 (+56.0%), from €34,464 to €53,775
of which Land and buildings: +€23,591
- Cash +€14,111
up €14,111 (+2,822%), from €500 to €14,611
mainly Debts after one year (+€17,536) and Trade debts (+€12,934)
- Receivables after one year -€5,000
down €5,000 (-66.7%), from €7,500 to €2,500
- Receivables within one year +€2,126
up €2,126 (+192%), from €1,108 to €3,234
of which Other amounts receivable: +€2,430
- Stocks and contracts -€1,864
down €1,864 (-20.0%), from €9,322 to €7,457
- Debts after one year +€17,536
new in 2025: €17,536
- Trade debts +€12,934
new in 2025: €12,934
- Current portion of long-term debt -€3,458
down €3,458 (-42.1%), from €8,219 to €4,760
- Tax, wage and social debts +€2,647
up €2,647 (+20.2%), from €13,105 to €15,753
of which Taxes: +€1,525
- Reserves -€1,750
down €1,750 (-14.2%), from €12,360 to €10,610
of which Distributable reserves: -€1,750
- Staff costs -€4,337
down €4,337 (-5.7%), from €75,621 to €71,284
- Gross operating margin -€2,966
down €2,966 (-3.1%), from €94,611 to €91,646
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 | €59,894 | €87,659 | +€27,765 | +46.4% |
| Fixed assets | 21/28 | €34,464 | €53,775 | +€19,312 | +56.0% |
| Tangible fixed assets | 22/27 | €34,464 | €53,775 | +€19,312 | +56.0% |
| Land and buildings | 22 | €19,303 | €42,895 | +€23,591 | +122% |
| Plant, machinery and equipment | 23 | €7,915 | €7,643 | -€273 | -3.4% |
| Furniture and vehicles | 24 | €7,245 | €3,238 | -€4,007 | -55.3% |
| Current assets | 29/58 | €25,430 | €33,883 | +€8,453 | +33.2% |
| Amounts receivable after more than one year | 29 | €7,500 | €2,500 | -€5,000 | -66.7% |
| Other amounts receivable | 291 | €7,500 | €2,500 | -€5,000 | -66.7% |
| Stocks and contracts in progress | 3 | €9,322 | €7,457 | -€1,864 | -20.0% |
| Stocks | 30/36 | €9,322 | €7,457 | -€1,864 | -20.0% |
| Amounts receivable within one year | 40/41 | €1,108 | €3,234 | +€2,126 | +192% |
| Trade receivables | 40 | €1,108 | €804 | -€304 | -27.4% |
| Other amounts receivable | 41 | - | €2,430 | +€2,430 | |
| Cash at bank and in hand | 54/58 | €500 | €14,611 | +€14,111 | +2,822% |
| Deferred charges and accrued income | 490/1 | €7,000 | €6,080 | -€920 | -13.1% |
| Total equity and liabilities | 10/49 | €59,894 | €87,659 | +€27,765 | +46.4% |
| Equity | 10/15 | €31,028 | €29,359 | -€1,670 | -5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,360 | €10,610 | -€1,750 | -14.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,500 | €8,750 | -€1,750 | -16.7% |
| Profit (loss) carried forward | 14 | €68 | €149 | +€80 | +117% |
| Amounts payable | 17/49 | €28,865 | €58,300 | +€29,435 | +102% |
| Amounts payable after more than one year | 17 | - | €17,536 | +€17,536 | |
| Financial debts | 170/4 | - | €17,536 | +€17,536 | |
| Amounts payable within one year | 42/48 | €28,707 | €40,746 | +€12,039 | +41.9% |
| Current portion of amounts payable after more than one year | 42 | €8,219 | €4,760 | -€3,458 | -42.1% |
| Financial debts | 43 | €438 | - | -€438 | |
| Credit institutions | 430/8 | €438 | - | -€438 | |
| Trade debts | 44 | - | €12,934 | +€12,934 | |
| Suppliers | 440/4 | - | €12,934 | +€12,934 | |
| Taxes, remuneration and social security | 45 | €13,105 | €15,753 | +€2,647 | +20.2% |
| Taxes | 450/3 | €5,014 | €6,539 | +€1,525 | +30.4% |
| Remuneration and social security | 454/9 | €8,091 | €9,213 | +€1,122 | +13.9% |
| Other amounts payable | 47/48 | €6,945 | €7,299 | +€355 | +5.1% |
| Accrued charges and deferred income | 492/3 | €158 | €18 | -€140 | -88.5% |
| Remuneration, social security and pensions | 62 | €75,621 | €71,284 | -€4,337 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,442 | €12,330 | -€112 | -0.9% |
| Other operating charges | 640/8 | €1,260 | €1,256 | -€4 | -0.3% |
| Gross operating margin | 9900 | €94,611 | €91,646 | -€2,966 | -3.1% |
| Operating profit (loss) | 9901 | €5,287 | €6,775 | +€1,488 | +28.1% |
| Financial income | 75/76B | €206 | €138 | -€69 | -33.3% |
| Recurring financial income | 75 | €206 | €138 | -€69 | -33.3% |
| Financial charges | 65/66B | €558 | €783 | +€225 | +40.3% |
| Recurring financial charges | 65 | €558 | €783 | +€225 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | €4,936 | €6,130 | +€1,194 | +24.2% |
| Income taxes | 67/77 | €325 | €550 | +€225 | +69.2% |
| Profit (loss) for the period | 9904 | €4,611 | €5,580 | +€969 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,611 | €5,580 | +€969 | +21.0% |
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 13 October 2026 via checked.be.