Renaud AUSTEN: 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.
Renaud AUSTEN
Largest movements
- Tangible fixed assets -€15,708
down €15,708 (-18.2%), from €86,460 to €70,752
- Intangible fixed assets -€4,941
down €4,941 (-18.2%), from €27,198 to €22,256
- Cash -€3,781
down €3,781 (-22.5%), from €16,774 to €12,993
mainly Debts after one year (-€18,607) and Net result for the year (-€9,180)
- Debts after one year -€18,607
down €18,607 (-18.5%), from €100,673 to €82,066
- Profit (loss) carried forward -€9,180
down €9,180 (-61.9%), from -€14,833 to -€24,013
- Current portion of long-term debt +€2,080
up €2,080 (+10.9%), from €19,035 to €21,115
- Gross operating margin -€28,080
down €28,080 (-40.1%), from €70,084 to €42,004
- Staff costs -€15,632
down €15,632 (-38.1%), from €40,984 to €25,352
- Depreciation -€12,380
down €12,380 (-37.5%), from €33,029 to €20,649
- Financial charges -€4,982
down €4,982 (-51.8%), from €9,610 to €4,628
- Other operating charges -€773
down €773 (-55.3%), from €1,398 to €625
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 | €156,387 | €130,629 | -€25,758 | -16.5% |
| Fixed assets | 21/28 | €117,902 | €97,252 | -€20,649 | -17.5% |
| Intangible fixed assets | 21 | €27,198 | €22,256 | -€4,941 | -18.2% |
| Tangible fixed assets | 22/27 | €86,460 | €70,752 | -€15,708 | -18.2% |
| Plant, machinery and equipment | 23 | €86,460 | €70,752 | -€15,708 | -18.2% |
| Financial fixed assets | 28 | €4,244 | €4,244 | = | 0.0% |
| Current assets | 29/58 | €38,485 | €33,377 | -€5,109 | -13.3% |
| Stocks and contracts in progress | 3 | €19,094 | €18,017 | -€1,077 | -5.6% |
| Stocks | 30/36 | €19,094 | €18,017 | -€1,077 | -5.6% |
| Amounts receivable within one year | 40/41 | €643 | €750 | +€107 | +16.7% |
| Trade receivables | 40 | €643 | €750 | +€107 | +16.7% |
| Cash at bank and in hand | 54/58 | €16,774 | €12,993 | -€3,781 | -22.5% |
| Deferred charges and accrued income | 490/1 | €1,975 | €1,617 | -€358 | -18.1% |
| Total equity and liabilities | 10/49 | €156,387 | €130,629 | -€25,758 | -16.5% |
| Equity | 10/15 | €25,167 | €15,987 | -€9,180 | -36.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,833 | -€24,013 | -€9,180 | -61.9% |
| Amounts payable | 17/49 | €131,220 | €114,642 | -€16,578 | -12.6% |
| Amounts payable after more than one year | 17 | €100,673 | €82,066 | -€18,607 | -18.5% |
| Financial debts | 170/4 | €100,673 | €82,066 | -€18,607 | -18.5% |
| Amounts payable within one year | 42/48 | €30,547 | €32,576 | +€2,029 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €19,035 | €21,115 | +€2,080 | +10.9% |
| Trade debts | 44 | €2,994 | €2,999 | +€4 | +0.1% |
| Suppliers | 440/4 | €2,994 | €2,999 | +€4 | +0.1% |
| Taxes, remuneration and social security | 45 | €5,774 | €5,847 | +€73 | +1.3% |
| Taxes | 450/3 | €925 | €1,012 | +€88 | +9.5% |
| Remuneration and social security | 454/9 | €4,849 | €4,835 | -€15 | -0.3% |
| Other amounts payable | 47/48 | €2,743 | €2,615 | -€129 | -4.7% |
| Remuneration, social security and pensions | 62 | €40,984 | €25,352 | -€15,632 | -38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,029 | €20,649 | -€12,380 | -37.5% |
| Other operating charges | 640/8 | €1,398 | €625 | -€773 | -55.3% |
| Gross operating margin | 9900 | €70,084 | €42,004 | -€28,080 | -40.1% |
| Operating profit (loss) | 9901 | -€5,327 | -€4,621 | +€706 | +13.2% |
| Financial income | 75/76B | €104 | €69 | -€34 | -33.1% |
| Recurring financial income | 75 | €104 | €69 | -€34 | -33.1% |
| Financial charges | 65/66B | €9,610 | €4,628 | -€4,982 | -51.8% |
| Recurring financial charges | 65 | €9,610 | €4,628 | -€4,982 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,833 | -€9,180 | +€5,653 | +38.1% |
| Profit (loss) for the period | 9904 | -€14,833 | -€9,180 | +€5,653 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,833 | -€9,180 | +€5,653 | +38.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.