Renée: 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.
Renée
Largest movements
- Cash +€8,405
up €8,405 (+19.7%), from €42,632 to €51,036
mainly Net result for the year (+€34,553) and Tax, wage and social debts (+€1,301)
- Reserves +€34,553
up €34,553 (+30.0%), from €115,288 to €149,841
- Other debts -€25,392
down €25,392 (-63.2%), from €40,161 to €14,770
- Gross operating margin +€15,743
up €15,743 (+41.4%), from €38,011 to €53,755
- Taxes +€7,219
up €7,219 (+67.8%), from €10,643 to €17,862
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 | €190,292 | €200,374 | +€10,082 | +5.3% |
| Fixed assets | 21/28 | €565 | €188 | -€377 | -66.7% |
| Tangible fixed assets | 22/27 | €565 | €188 | -€377 | -66.7% |
| Plant, machinery and equipment | 23 | €565 | €188 | -€377 | -66.7% |
| Current assets | 29/58 | €189,727 | €200,186 | +€10,459 | +5.5% |
| Stocks and contracts in progress | 3 | €147,090 | €148,631 | +€1,541 | +1.0% |
| Stocks | 30/36 | €147,090 | €148,631 | +€1,541 | +1.0% |
| Amounts receivable within one year | 40/41 | €5 | - | -€5 | |
| Other amounts receivable | 41 | €5 | - | -€5 | |
| Cash at bank and in hand | 54/58 | €42,632 | €51,036 | +€8,405 | +19.7% |
| Deferred charges and accrued income | 490/1 | - | €518 | +€518 | |
| Total equity and liabilities | 10/49 | €190,292 | €200,374 | +€10,082 | +5.3% |
| Equity | 10/15 | €117,288 | €151,841 | +€34,553 | +29.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €115,288 | €149,841 | +€34,553 | +30.0% |
| Distributable reserves | 133 | €115,288 | €149,841 | +€34,553 | +30.0% |
| Amounts payable | 17/49 | €73,004 | €48,533 | -€24,471 | -33.5% |
| Amounts payable within one year | 42/48 | €73,004 | €48,533 | -€24,471 | -33.5% |
| Trade debts | 44 | €3,384 | €3,004 | -€380 | -11.2% |
| Suppliers | 440/4 | €3,384 | €3,004 | -€380 | -11.2% |
| Taxes, remuneration and social security | 45 | €29,458 | €30,760 | +€1,301 | +4.4% |
| Taxes | 450/3 | €29,458 | €30,760 | +€1,301 | +4.4% |
| Other amounts payable | 47/48 | €40,161 | €14,770 | -€25,392 | -63.2% |
| Non-recurring operating income | 76A | €3,618 | - | -€3,618 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €856 | €377 | -€479 | -55.9% |
| Other operating charges | 640/8 | €888 | €853 | -€35 | -3.9% |
| Gross operating margin | 9900 | €38,011 | €53,755 | +€15,743 | +41.4% |
| Operating profit (loss) | 9901 | €36,267 | €52,524 | +€16,257 | +44.8% |
| Financial income | 75/76B | €68 | €109 | +€41 | +59.5% |
| Recurring financial income | 75 | €68 | €109 | +€41 | +59.5% |
| Financial charges | 65/66B | €265 | €218 | -€46 | -17.5% |
| Recurring financial charges | 65 | €265 | €218 | -€46 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €36,071 | €52,415 | +€16,344 | +45.3% |
| Income taxes | 67/77 | €10,643 | €17,862 | +€7,219 | +67.8% |
| Profit (loss) for the period | 9904 | €25,428 | €34,553 | +€9,125 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,428 | €34,553 | +€9,125 | +35.9% |
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 11 October 2026 via checked.be.