RENDERS TRAILERS: 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.
RENDERS TRAILERS
Largest movements
- Cash -€211,168
down €211,168 (-94.2%), from €224,284 to €13,115
mainly Net result for the year (-€294,006) and Receivables within one year (-€182,180)
- Receivables within one year +€182,180
up €182,180 (+13.4%), from €1.4m to €1.5m
of which Trade receivables: +€127,517
- Stocks and contracts -€155,487
down €155,487 (-51.9%), from €299,515 to €144,028
- Tangible fixed assets -€21,263
down €21,263 (-12.9%), from €164,781 to €143,518
of which Land and buildings: -€18,603
- Profit (loss) carried forward -€294,006
down €294,006 (-36.2%), from -€811,983 to -€1.1m
- Current portion of long-term debt +€100,000
new in 2025: €100,000
- Depreciation -€165,980
down €165,980 (-86.1%), from €192,667 to €26,688
- Other operating charges -€85,425
down €85,425 (-93.3%), from €91,589 to €6,165
- Gross operating margin +€50,903
up €50,903 (+19.1%), from -€266,641 to -€215,738
- Write-downs -€33,542
down €33,542, from €29,384 to -€4,159
- Financial income -€4,437
down €4,437 (-10.4%), from €42,727 to €38,290
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 | €2,071,457 | €1,864,356 | -€207,101 | -10.0% |
| Fixed assets | 21/28 | €164,781 | €143,518 | -€21,263 | -12.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €164,781 | €143,518 | -€21,263 | -12.9% |
| Land and buildings | 22 | €147,190 | €128,587 | -€18,603 | -12.6% |
| Plant, machinery and equipment | 23 | €10,888 | €11,788 | +€900 | +8.3% |
| Furniture and vehicles | 24 | €6,704 | €3,144 | -€3,561 | -53.1% |
| Current assets | 29/58 | €1,906,676 | €1,720,838 | -€185,838 | -9.7% |
| Stocks and contracts in progress | 3 | €299,515 | €144,028 | -€155,487 | -51.9% |
| Stocks | 30/36 | €299,515 | €144,028 | -€155,487 | -51.9% |
| Amounts receivable within one year | 40/41 | €1,359,754 | €1,541,934 | +€182,180 | +13.4% |
| Trade receivables | 40 | €550,135 | €677,653 | +€127,517 | +23.2% |
| Other amounts receivable | 41 | €809,619 | €864,281 | +€54,663 | +6.8% |
| Cash at bank and in hand | 54/58 | €224,284 | €13,115 | -€211,168 | -94.2% |
| Deferred charges and accrued income | 490/1 | €23,124 | €21,761 | -€1,363 | -5.9% |
| Total equity and liabilities | 10/49 | €2,071,457 | €1,864,356 | -€207,101 | -10.0% |
| Equity | 10/15 | €1,948,243 | €1,654,237 | -€294,006 | -15.1% |
| Contributions | 10/11 | €2,725,000 | €2,725,000 | = | 0.0% |
| Capital | 10 | €2,725,000 | €2,725,000 | = | 0.0% |
| Issued capital | 100 | €2,725,000 | €2,725,000 | = | 0.0% |
| Reserves | 13 | €35,226 | €35,226 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,600 | €3,600 | = | 0.0% |
| Legal reserve | 130 | €3,600 | €3,600 | = | 0.0% |
| Distributable reserves | 133 | €31,626 | €31,626 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€811,983 | -€1,105,989 | -€294,006 | -36.2% |
| Amounts payable | 17/49 | €123,214 | €210,119 | +€86,905 | +70.5% |
| Amounts payable within one year | 42/48 | €123,214 | €210,119 | +€86,905 | +70.5% |
| Current portion of amounts payable after more than one year | 42 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €104,114 | €91,310 | -€12,804 | -12.3% |
| Suppliers | 440/4 | €104,114 | €91,310 | -€12,804 | -12.3% |
| Taxes, remuneration and social security | 45 | €19,100 | €18,809 | -€291 | -1.5% |
| Taxes | 450/3 | €3,204 | €3,265 | +€61 | +1.9% |
| Remuneration and social security | 454/9 | €15,896 | €15,544 | -€352 | -2.2% |
| Remuneration, social security and pensions | 62 | €80,212 | €83,237 | +€3,025 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192,667 | €26,688 | -€165,980 | -86.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €29,384 | -€4,159 | -€33,542 | |
| Other operating charges | 640/8 | €91,589 | €6,165 | -€85,425 | -93.3% |
| Gross operating margin | 9900 | -€266,641 | -€215,738 | +€50,903 | +19.1% |
| Operating profit (loss) | 9901 | -€660,493 | -€327,668 | +€332,824 | +50.4% |
| Financial income | 75/76B | €42,727 | €38,290 | -€4,437 | -10.4% |
| Recurring financial income | 75 | €42,727 | €38,290 | -€4,437 | -10.4% |
| Financial charges | 65/66B | €1,200 | €4,628 | +€3,428 | +285.6% |
| Recurring financial charges | 65 | €1,200 | €4,628 | +€3,428 | +285.6% |
| Profit (loss) for the period before taxes | 9903 | -€618,966 | -€294,006 | +€324,960 | +52.5% |
| Profit (loss) for the period | 9904 | -€618,966 | -€294,006 | +€324,960 | +52.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€618,966 | -€294,006 | +€324,960 | +52.5% |
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 29 September 2026 via checked.be.