Renaud LOUIS: 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 LOUIS
Largest movements
- Cash +€29,108
up €29,108 (+30.8%), from €94,467 to €123,575
mainly Net result for the year (+€32,349) and Depreciation (+€13,132)
- Tangible fixed assets -€12,763
down €12,763 (-23.7%), from €53,817 to €41,054
of which Furniture and vehicles: -€12,214
- Receivables within one year -€3,277
down €3,277 (-41.9%), from €7,826 to €4,549
- Reserves +€32,349
up €32,349 (+33.9%), from €95,332 to €127,681
of which Distributable reserves: +€32,349
- Tax, wage and social debts -€12,320
down €12,320 (-77.2%), from €15,955 to €3,635
- Debts after one year -€9,248
down €9,248 (-24.1%), from €38,382 to €29,134
- Gross operating margin +€13,773
up €13,773 (+8.0%), from €171,793 to €185,566
- Depreciation +€9,289
up €9,289 (+242%), from €3,843 to €13,132
- Turnover +€8,638
up €8,638 (+4.0%), from €217,016 to €225,654
- Other operating charges +€5,468
up €5,468 (+6,425%), from €85 to €5,553
- Purchases and services -€5,136
down €5,136 (-11.4%), from €45,224 to €40,088
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 | €159,195 | €171,893 | +€12,698 | +8.0% |
| Formation expenses | 20 | €462 | €92 | -€370 | -80.1% |
| Fixed assets | 21/28 | €53,817 | €41,054 | -€12,763 | -23.7% |
| Tangible fixed assets | 22/27 | €53,817 | €41,054 | -€12,763 | -23.7% |
| Plant, machinery and equipment | 23 | €824 | €275 | -€549 | -66.6% |
| Furniture and vehicles | 24 | €52,993 | €40,779 | -€12,214 | -23.0% |
| Current assets | 29/58 | €104,916 | €130,747 | +€25,831 | +24.6% |
| Amounts receivable within one year | 40/41 | €7,826 | €4,549 | -€3,277 | -41.9% |
| Other amounts receivable | 41 | €7,826 | €4,549 | -€3,277 | -41.9% |
| Cash at bank and in hand | 54/58 | €94,467 | €123,575 | +€29,108 | +30.8% |
| Deferred charges and accrued income | 490/1 | €2,623 | €2,623 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €159,195 | €171,893 | +€12,698 | +8.0% |
| Equity | 10/15 | €95,332 | €127,681 | +€32,349 | +33.9% |
| Reserves | 13 | €95,332 | €127,681 | +€32,349 | +33.9% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €80,332 | €112,681 | +€32,349 | +40.3% |
| Amounts payable | 17/49 | €63,862 | €44,212 | -€19,650 | -30.8% |
| Amounts payable after more than one year | 17 | €38,382 | €29,134 | -€9,248 | -24.1% |
| Financial debts | 170/4 | €38,382 | €29,134 | -€9,248 | -24.1% |
| Amounts payable within one year | 42/48 | €24,848 | €13,315 | -€11,533 | -46.4% |
| Current portion of amounts payable after more than one year | 42 | €8,893 | €9,248 | +€355 | +4.0% |
| Trade debts | 44 | - | €432 | +€432 | |
| Suppliers | 440/4 | - | €432 | +€432 | |
| Taxes, remuneration and social security | 45 | €15,955 | €3,635 | -€12,320 | -77.2% |
| Taxes | 450/3 | €15,955 | €3,635 | -€12,320 | -77.2% |
| Accrued charges and deferred income | 492/3 | €633 | €1,763 | +€1,130 | +179% |
| Turnover | 70 | €217,016 | €225,654 | +€8,638 | +4.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €45,224 | €40,088 | -€5,136 | -11.4% |
| Remuneration, social security and pensions | 62 | €121,388 | €123,673 | +€2,285 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,843 | €13,132 | +€9,289 | +242% |
| Other operating charges | 640/8 | €85 | €5,553 | +€5,468 | +6,425% |
| Non-recurring operating charges | 66A | €1,698 | €1,076 | -€622 | -36.6% |
| Gross operating margin | 9900 | €171,793 | €185,566 | +€13,773 | +8.0% |
| Operating profit (loss) | 9901 | €44,778 | €42,132 | -€2,646 | -5.9% |
| Financial income | 75/76B | €635 | €635 | -€0 | 0.0% |
| Recurring financial income | 75 | €635 | €635 | -€0 | 0.0% |
| Financial charges | 65/66B | €259 | €1,796 | +€1,537 | +594% |
| Recurring financial charges | 65 | €259 | €1,796 | +€1,537 | +594% |
| Profit (loss) for the period before taxes | 9903 | €45,154 | €40,971 | -€4,183 | -9.3% |
| Income taxes | 67/77 | €9,371 | €8,622 | -€749 | -8.0% |
| Profit (loss) for the period | 9904 | €35,784 | €32,349 | -€3,435 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,784 | €32,349 | -€3,435 | -9.6% |
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 28 October 2026 via checked.be.