RENDERS-WILMSEN: 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.
RENDERS-WILMSEN
Largest movements
- Receivables within one year +€87,174
up €87,174 (+11.9%), from €734,385 to €821,559
of which Other amounts receivable: +€75,174
- Trade debts +€72,206
up €72,206 (+49.2%), from €146,783 to €218,989
- Other debts +€25,380
up €25,380 (+19.7%), from €129,070 to €154,450
- Tax, wage and social debts -€17,696
down €17,696 (-57.7%), from €30,645 to €12,948
- Profit (loss) carried forward +€10,434
up €10,434 (+3.0%), from €350,957 to €361,391
- Depreciation -€14,984
down €14,984 (-98.4%), from €15,224 to €240
- Gross operating margin -€6,108
down €6,108 (-21.4%), from €28,600 to €22,491
- Taxes -€3,099
down €3,099 (-57.0%), from €5,433 to €2,334
- Financial income +€3,062
up €3,062 (+7.9%), from €38,772 to €41,834
- Financial charges +€1,268
up €1,268 (+45.2%), from €2,803 to €4,070
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 | €737,915 | €828,238 | +€90,323 | +12.2% |
| Fixed assets | 21/28 | €978 | €738 | -€240 | -24.5% |
| Tangible fixed assets | 22/27 | €978 | €738 | -€240 | -24.5% |
| Furniture and vehicles | 24 | €978 | €738 | -€240 | -24.5% |
| Current assets | 29/58 | €736,937 | €827,500 | +€90,563 | +12.3% |
| Amounts receivable within one year | 40/41 | €734,385 | €821,559 | +€87,174 | +11.9% |
| Trade receivables | 40 | - | €12,000 | +€12,000 | |
| Other amounts receivable | 41 | €734,385 | €809,559 | +€75,174 | +10.2% |
| Cash at bank and in hand | 54/58 | €1,024 | €5,727 | +€4,703 | +459% |
| Deferred charges and accrued income | 490/1 | €1,528 | €214 | -€1,314 | -86.0% |
| Total equity and liabilities | 10/49 | €737,915 | €828,238 | +€90,323 | +12.2% |
| Equity | 10/15 | €431,417 | €441,851 | +€10,434 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,860 | €61,860 | = | 0.0% |
| Distributable reserves | 133 | €61,860 | €61,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €350,957 | €361,391 | +€10,434 | +3.0% |
| Amounts payable | 17/49 | €306,498 | €386,387 | +€79,889 | +26.1% |
| Amounts payable within one year | 42/48 | €306,498 | €386,387 | +€79,889 | +26.1% |
| Trade debts | 44 | €146,783 | €218,989 | +€72,206 | +49.2% |
| Suppliers | 440/4 | €146,783 | €218,989 | +€72,206 | +49.2% |
| Taxes, remuneration and social security | 45 | €30,645 | €12,948 | -€17,696 | -57.7% |
| Taxes | 450/3 | €30,645 | €12,948 | -€17,696 | -57.7% |
| Other amounts payable | 47/48 | €129,070 | €154,450 | +€25,380 | +19.7% |
| Non-recurring operating income | 76A | - | €4,344 | +€4,344 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,224 | €240 | -€14,984 | -98.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €266 | €0 | -€266 | -100% |
| Other operating charges | 640/8 | €5,560 | €5,247 | -€313 | -5.6% |
| Gross operating margin | 9900 | €28,600 | €22,491 | -€6,108 | -21.4% |
| Operating profit (loss) | 9901 | €7,550 | €17,005 | +€9,455 | +125% |
| Financial income | 75/76B | €38,772 | €41,834 | +€3,062 | +7.9% |
| Recurring financial income | 75 | €38,772 | €41,834 | +€3,062 | +7.9% |
| Financial charges | 65/66B | €2,803 | €4,070 | +€1,268 | +45.2% |
| Recurring financial charges | 65 | €2,803 | €4,070 | +€1,268 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €43,520 | €54,769 | +€11,249 | +25.8% |
| Income taxes | 67/77 | €5,433 | €2,334 | -€3,099 | -57.0% |
| Profit (loss) for the period | 9904 | €38,087 | €52,434 | +€14,348 | +37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,087 | €52,434 | +€14,348 | +37.7% |
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 24 October 2026 via checked.be.