RencArt: 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.
RencArt
Largest movements
- Cash +€7,433
up €7,433 (+168%), from €4,432 to €11,865
mainly Other debts (+€8,053) and Net result for the year (+€5,306)
- Tangible fixed assets +€426
up €426 (+21.5%), from €1,984 to €2,410
- Other debts +€8,053
up €8,053 (+1,604%), from €502 to €8,555
- Profit (loss) carried forward -€2,694
down €2,694 (-68.8%), from €3,914 to €1,221
- Tax, wage and social debts +€2,500
new in 2025: €2,500
- Turnover -€17,140
no longer reported in 2025 (was €17,140)
- Gross operating margin +€6,320
up €6,320 (+205%), from €3,077 to €9,397
- Taxes +€3,245
up €3,245, from -€22 to €3,222
- Depreciation +€438
up €438 (+120%), from €365 to €803
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 | €6,416 | €14,276 | +€7,859 | +122% |
| Fixed assets | 21/28 | €1,984 | €2,410 | +€426 | +21.5% |
| Tangible fixed assets | 22/27 | €1,984 | €2,410 | +€426 | +21.5% |
| Plant, machinery and equipment | 23 | €1,984 | €2,410 | +€426 | +21.5% |
| Current assets | 29/58 | €4,432 | €11,865 | +€7,433 | +168% |
| Cash at bank and in hand | 54/58 | €4,432 | €11,865 | +€7,433 | +168% |
| Total equity and liabilities | 10/49 | €6,416 | €14,276 | +€7,859 | +122% |
| Equity | 10/15 | €5,914 | €3,221 | -€2,694 | -45.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | - | -€2,000 | |
| Issued capital | 100 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | €3,914 | €1,221 | -€2,694 | -68.8% |
| Amounts payable | 17/49 | €502 | €11,055 | +€10,553 | +2,102% |
| Amounts payable within one year | 42/48 | €502 | €11,055 | +€10,553 | +2,102% |
| Taxes, remuneration and social security | 45 | - | €2,500 | +€2,500 | |
| Taxes | 450/3 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €502 | €8,555 | +€8,053 | +1,604% |
| Turnover | 70 | €17,140 | - | -€17,140 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €365 | €803 | +€438 | +120% |
| Gross operating margin | 9900 | €3,077 | €9,397 | +€6,320 | +205% |
| Operating profit (loss) | 9901 | €2,712 | €8,594 | +€5,882 | +217% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €44 | €76 | +€32 | +73.1% |
| Recurring financial charges | 65 | €44 | €76 | +€32 | +73.1% |
| Profit (loss) for the period before taxes | 9903 | €2,668 | €8,529 | +€5,860 | +220% |
| Income taxes | 67/77 | -€22 | €3,222 | +€3,245 | |
| Profit (loss) for the period | 9904 | €2,691 | €5,306 | +€2,616 | +97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,691 | €5,306 | +€2,616 | +97.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.