RENAUD HENDRICE: 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 HENDRICE
Largest movements
- Cash +€178,133
up €178,133 (+27.1%), from €657,334 to €835,467
mainly Net result for the year (+€312,305) and Other debts (+€80,579)
- Current investments +€79,149
up €79,149 (+20.1%), from €394,422 to €473,571
- Reserves +€166,755
up €166,755 (+19.0%), from €877,713 to €1.0m
- Other debts +€80,579
up €80,579 (+49.6%), from €162,372 to €242,951
- Gross operating margin +€135,614
up €135,614 (+41.5%), from €327,161 to €462,775
- Taxes +€44,109
up €44,109 (+42.8%), from €103,124 to €147,233
- Financial charges +€5,040
up €5,040 (+193%), from €2,612 to €7,653
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 | €1,095,001 | €1,352,008 | +€257,007 | +23.5% |
| Fixed assets | 21/28 | €2,832 | €1,868 | -€964 | -34.0% |
| Tangible fixed assets | 22/27 | €2,832 | €1,868 | -€964 | -34.0% |
| Land and buildings | 22 | €1,205 | €1,160 | -€45 | -3.7% |
| Furniture and vehicles | 24 | €1,627 | €708 | -€920 | -56.5% |
| Current assets | 29/58 | €1,092,169 | €1,350,140 | +€257,971 | +23.6% |
| Amounts receivable within one year | 40/41 | €40,413 | €38,069 | -€2,344 | -5.8% |
| Trade receivables | 40 | €36,256 | €38,069 | +€1,813 | +5.0% |
| Other amounts receivable | 41 | €4,157 | - | -€4,157 | |
| Current investments | 50/53 | €394,422 | €473,571 | +€79,149 | +20.1% |
| Cash at bank and in hand | 54/58 | €657,334 | €835,467 | +€178,133 | +27.1% |
| Deferred charges and accrued income | 490/1 | - | €3,033 | +€3,033 | |
| Total equity and liabilities | 10/49 | €1,095,001 | €1,352,008 | +€257,007 | +23.5% |
| Equity | 10/15 | €892,713 | €1,059,468 | +€166,755 | +18.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €877,713 | €1,044,468 | +€166,755 | +19.0% |
| Distributable reserves | 133 | €877,713 | €1,044,468 | +€166,755 | +19.0% |
| Amounts payable | 17/49 | €202,288 | €292,539 | +€90,252 | +44.6% |
| Amounts payable within one year | 42/48 | €196,492 | €284,799 | +€88,307 | +44.9% |
| Trade debts | 44 | €951 | €823 | -€127 | -13.4% |
| Suppliers | 440/4 | €951 | €823 | -€127 | -13.4% |
| Taxes, remuneration and social security | 45 | €33,169 | €41,024 | +€7,855 | +23.7% |
| Taxes | 450/3 | €33,169 | €41,024 | +€7,855 | +23.7% |
| Other amounts payable | 47/48 | €162,372 | €242,951 | +€80,579 | +49.6% |
| Accrued charges and deferred income | 492/3 | €5,796 | €7,741 | +€1,945 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,132 | €964 | -€168 | -14.8% |
| Other operating charges | 640/8 | €1,790 | €1,459 | -€331 | -18.5% |
| Gross operating margin | 9900 | €327,161 | €462,775 | +€135,614 | +41.5% |
| Operating profit (loss) | 9901 | €324,239 | €460,352 | +€136,113 | +42.0% |
| Financial income | 75/76B | €8,133 | €6,839 | -€1,294 | -15.9% |
| Recurring financial income | 75 | €8,133 | €6,839 | -€1,294 | -15.9% |
| Financial charges | 65/66B | €2,612 | €7,653 | +€5,040 | +193% |
| Recurring financial charges | 65 | €2,612 | €7,653 | +€5,040 | +193% |
| Profit (loss) for the period before taxes | 9903 | €329,759 | €459,538 | +€129,779 | +39.4% |
| Income taxes | 67/77 | €103,124 | €147,233 | +€44,109 | +42.8% |
| Profit (loss) for the period | 9904 | €226,635 | €312,305 | +€85,669 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €226,635 | €312,305 | +€85,669 | +37.8% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.