RENAUD H: 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.
RENAUD H
Largest movements
- Cash -€4,589
down €4,589 (-51.0%), from €9,005 to €4,417
mainly Trade debts (-€4,559) and Current portion of long-term debt (-€2,973)
- Receivables within one year -€2,085
down €2,085 (-17.8%), from €11,715 to €9,630
of which Trade receivables: -€3,690
- Tangible fixed assets -€385
down €385 (-11.7%), from €3,289 to €2,904
- Tax, wage and social debts +€4,919
up €4,919 (+72.4%), from €6,790 to €11,709
of which Remuneration and social security: +€3,650
- Trade debts -€4,559
down €4,559 (-54.1%), from €8,421 to €3,863
- Current portion of long-term debt -€2,973
down €2,973 (-66.1%), from €4,494 to €1,522
- Profit (loss) carried forward -€2,374
down €2,374 (-8.4%), from -€28,213 to -€30,587
- Debts after one year -€1,522
no longer reported in 2025 (was €1,522)
- Financial charges -€3,878
down €3,878 (-14.7%), from €26,320 to €22,442
- Gross operating margin -€1,850
down €1,850 (-7.3%), from €25,263 to €23,413
- Depreciation +€559
up €559 (+362.5%), from €154 to €713
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 | €24,259 | €17,208 | -€7,051 | -29.1% |
| Fixed assets | 21/28 | €3,289 | €2,904 | -€385 | -11.7% |
| Tangible fixed assets | 22/27 | €3,289 | €2,904 | -€385 | -11.7% |
| Furniture and vehicles | 24 | €3,289 | €2,904 | -€385 | -11.7% |
| Current assets | 29/58 | €20,970 | €14,304 | -€6,666 | -31.8% |
| Amounts receivable within one year | 40/41 | €11,715 | €9,630 | -€2,085 | -17.8% |
| Trade receivables | 40 | €10,370 | €6,680 | -€3,690 | -35.6% |
| Other amounts receivable | 41 | €1,345 | €2,950 | +€1,605 | +119.3% |
| Cash at bank and in hand | 54/58 | €9,005 | €4,417 | -€4,589 | -51.0% |
| Deferred charges and accrued income | 490/1 | €250 | €257 | +€7 | +2.9% |
| Total equity and liabilities | 10/49 | €24,259 | €17,208 | -€7,051 | -29.1% |
| Equity | 10/15 | -€25,213 | -€27,587 | -€2,374 | -9.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,213 | -€30,587 | -€2,374 | -8.4% |
| Amounts payable | 17/49 | €49,472 | €44,795 | -€4,676 | -9.5% |
| Amounts payable after more than one year | 17 | €1,522 | - | -€1,522 | |
| Financial debts | 170/4 | €1,522 | - | -€1,522 | |
| Amounts payable within one year | 42/48 | €47,950 | €44,795 | -€3,155 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €4,494 | €1,522 | -€2,973 | -66.1% |
| Trade debts | 44 | €8,421 | €3,863 | -€4,559 | -54.1% |
| Suppliers | 440/4 | €8,421 | €3,863 | -€4,559 | -54.1% |
| Taxes, remuneration and social security | 45 | €6,790 | €11,709 | +€4,919 | +72.4% |
| Taxes | 450/3 | €6,790 | €8,059 | +€1,269 | +18.7% |
| Remuneration and social security | 454/9 | - | €3,650 | +€3,650 | |
| Other amounts payable | 47/48 | €28,245 | €27,702 | -€543 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154 | €713 | +€559 | +362.5% |
| Other operating charges | 640/8 | €2,342 | €2,478 | +€136 | +5.8% |
| Gross operating margin | 9900 | €25,263 | €23,413 | -€1,850 | -7.3% |
| Operating profit (loss) | 9901 | €22,766 | €20,221 | -€2,545 | -11.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €26,320 | €22,442 | -€3,878 | -14.7% |
| Recurring financial charges | 65 | €26,320 | €22,442 | -€3,878 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,553 | -€2,220 | +€1,333 | +37.5% |
| Income taxes | 67/77 | €155 | €154 | -€1 | -0.5% |
| Profit (loss) for the period | 9904 | -€3,708 | -€2,374 | +€1,334 | +36.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,708 | -€2,374 | +€1,334 | +36.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.