RENAULD ERIC: 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.
RENAULD ERIC
Largest movements
- Cash +€137,528
up €137,528 (+76.6%), from €179,603 to €317,130
mainly Net result for the year (+€78,068) and Trade debts (+€60,793)
- Tangible fixed assets -€24,381
down €24,381 (-5.4%), from €451,055 to €426,674
of which Land and buildings: -€21,887
- Stocks and contracts +€21,816
up €21,816 (+10.3%), from €211,510 to €233,326
- Reserves +€78,068
up €78,068 (+37.3%), from €209,428 to €287,496
of which Distributable reserves: +€78,068
- Trade debts +€60,793
up €60,793 (+55.9%), from €108,777 to €169,570
- Debts after one year -€13,500
down €13,500 (-19.0%), from €70,875 to €57,375
- Gross operating margin +€38,378
up €38,378 (+18.6%), from €206,131 to €244,509
- Taxes +€15,853
up €15,853 (+57.7%), from €27,463 to €43,316
- Staff costs -€12,366
down €12,366 (-21.6%), from €57,176 to €44,810
- Other operating charges +€4,804
up €4,804 (+34.0%), from €14,147 to €18,951
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 | €1,005,325 | €1,151,011 | +€145,686 | +14.5% |
| Fixed assets | 21/28 | €451,244 | €426,863 | -€24,381 | -5.4% |
| Tangible fixed assets | 22/27 | €451,055 | €426,674 | -€24,381 | -5.4% |
| Land and buildings | 22 | €445,525 | €423,639 | -€21,887 | -4.9% |
| Plant, machinery and equipment | 23 | €3,728 | €2,011 | -€1,717 | -46.1% |
| Furniture and vehicles | 24 | €1,801 | €1,024 | -€777 | -43.1% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €189 | €189 | = | 0.0% |
| Current assets | 29/58 | €554,081 | €724,148 | +€170,067 | +30.7% |
| Stocks and contracts in progress | 3 | €211,510 | €233,326 | +€21,816 | +10.3% |
| Stocks | 30/36 | €211,510 | €233,326 | +€21,816 | +10.3% |
| Amounts receivable within one year | 40/41 | €160,582 | €170,645 | +€10,063 | +6.3% |
| Trade receivables | 40 | €159,390 | €170,645 | +€11,255 | +7.1% |
| Other amounts receivable | 41 | €1,191 | €0 | -€1,191 | -100.0% |
| Cash at bank and in hand | 54/58 | €179,603 | €317,130 | +€137,528 | +76.6% |
| Deferred charges and accrued income | 490/1 | €2,387 | €3,046 | +€659 | +27.6% |
| Total equity and liabilities | 10/49 | €1,005,325 | €1,151,011 | +€145,686 | +14.5% |
| Equity | 10/15 | €622,722 | €700,790 | +€78,068 | +12.5% |
| Contributions | 10/11 | €292,340 | €292,340 | = | 0.0% |
| Reserves | 13 | €209,428 | €287,496 | +€78,068 | +37.3% |
| Tax-exempt reserves | 132 | €3,862 | €3,862 | = | 0.0% |
| Distributable reserves | 133 | €205,566 | €283,634 | +€78,068 | +38.0% |
| Profit (loss) carried forward | 14 | €120,954 | €120,954 | = | 0.0% |
| Amounts payable | 17/49 | €382,602 | €450,221 | +€67,618 | +17.7% |
| Amounts payable after more than one year | 17 | €70,875 | €57,375 | -€13,500 | -19.0% |
| Financial debts | 170/4 | €70,875 | €57,375 | -€13,500 | -19.0% |
| Amounts payable within one year | 42/48 | €311,727 | €392,846 | +€81,118 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €13,500 | €13,500 | = | 0.0% |
| Trade debts | 44 | €108,777 | €169,570 | +€60,793 | +55.9% |
| Suppliers | 440/4 | €108,777 | €169,570 | +€60,793 | +55.9% |
| Taxes, remuneration and social security | 45 | €53,445 | €64,521 | +€11,076 | +20.7% |
| Taxes | 450/3 | €41,437 | €52,126 | +€10,689 | +25.8% |
| Remuneration and social security | 454/9 | €12,008 | €12,395 | +€387 | +3.2% |
| Other amounts payable | 47/48 | €136,006 | €145,255 | +€9,249 | +6.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €57,176 | €44,810 | -€12,366 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,373 | €24,381 | +€7 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €14,147 | €18,951 | +€4,804 | +34.0% |
| Non-recurring operating charges | 66A | €1,168 | €0 | -€1,168 | -100.0% |
| Gross operating margin | 9900 | €206,131 | €244,509 | +€38,378 | +18.6% |
| Operating profit (loss) | 9901 | €109,267 | €156,367 | +€47,100 | +43.1% |
| Financial income | 75/76B | €69 | €2 | -€66 | -96.6% |
| Recurring financial income | 75 | €69 | €2 | -€66 | -96.6% |
| Financial charges | 65/66B | €32,762 | €34,986 | +€2,223 | +6.8% |
| Recurring financial charges | 65 | €32,762 | €34,986 | +€2,223 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €76,573 | €121,384 | +€44,811 | +58.5% |
| Income taxes | 67/77 | €27,463 | €43,316 | +€15,853 | +57.7% |
| Profit (loss) for the period | 9904 | €49,110 | €78,068 | +€28,958 | +59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,110 | €78,068 | +€28,958 | +59.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.