Renegade: 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.
Renegade
Largest movements
- Receivables within one year +€34,631
up €34,631 (+88.0%), from €39,348 to €73,979
of which Trade receivables: +€45,271
- Cash +€4,528
new in 2025: €4,528
mainly Tax, wage and social debts (+€12,359) and Other debts (+€12,053)
- Tax, wage and social debts +€12,359
up €12,359 (+57.6%), from €21,443 to €33,802
of which Remuneration and social security: +€12,856
- Other debts +€12,053
up €12,053 (+77.7%), from €15,513 to €27,566
- Profit (loss) carried forward +€10,231
up €10,231 (+18.0%), from -€56,981 to -€46,750
- Advances received +€7,744
up €7,744 (+177.8%), from €4,356 to €12,100
- Trade debts -€2,612
down €2,612 (-72.5%), from €3,602 to €990
- Gross operating margin +€57,789
up €57,789, from -€45,002 to €12,787
- Depreciation -€1,882
down €1,882 (-100.0%), from €1,882 to €0
- Other operating charges +€1,276
up €1,276 (+868.2%), from €147 to €1,423
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 | €58,948 | €98,108 | +€39,160 | +66.4% |
| Fixed assets | 21/28 | €19,600 | €19,600 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €19,600 | €19,600 | = | 0.0% |
| Current assets | 29/58 | €39,348 | €78,508 | +€39,160 | +99.5% |
| Amounts receivable within one year | 40/41 | €39,348 | €73,979 | +€34,631 | +88.0% |
| Trade receivables | 40 | €3,600 | €48,871 | +€45,271 | +1257.5% |
| Other amounts receivable | 41 | €35,748 | €25,109 | -€10,639 | -29.8% |
| Cash at bank and in hand | 54/58 | - | €4,528 | +€4,528 | |
| Total equity and liabilities | 10/49 | €58,948 | €98,108 | +€39,160 | +66.4% |
| Equity | 10/15 | -€36,581 | -€26,350 | +€10,231 | +28.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,850 | €1,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,850 | €1,850 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,850 | €0 | -€1,850 | -100.0% |
| Other | 1319 | - | €1,850 | +€1,850 | |
| Profit (loss) carried forward | 14 | -€56,981 | -€46,750 | +€10,231 | +18.0% |
| Amounts payable | 17/49 | €95,529 | €124,457 | +€28,928 | +30.3% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €45,529 | €74,457 | +€28,928 | +63.5% |
| Financial debts | 43 | €615 | €0 | -€615 | -100.0% |
| Credit institutions | 430/8 | €615 | €0 | -€615 | -100.0% |
| Trade debts | 44 | €3,602 | €990 | -€2,612 | -72.5% |
| Suppliers | 440/4 | €3,602 | €990 | -€2,612 | -72.5% |
| Advances received on contracts in progress | 46 | €4,356 | €12,100 | +€7,744 | +177.8% |
| Taxes, remuneration and social security | 45 | €21,443 | €33,802 | +€12,359 | +57.6% |
| Taxes | 450/3 | €1,962 | €1,464 | -€498 | -25.4% |
| Remuneration and social security | 454/9 | €19,481 | €32,337 | +€12,856 | +66.0% |
| Other amounts payable | 47/48 | €15,513 | €27,566 | +€12,053 | +77.7% |
| Non-recurring operating income | 76A | - | €1,496 | +€1,496 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,882 | €0 | -€1,882 | -100.0% |
| Other operating charges | 640/8 | €147 | €1,423 | +€1,276 | +868.2% |
| Gross operating margin | 9900 | -€45,002 | €12,787 | +€57,789 | |
| Operating profit (loss) | 9901 | -€47,031 | €11,364 | +€58,395 | |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €566 | €699 | +€133 | +23.5% |
| Recurring financial charges | 65 | €566 | €699 | +€133 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | -€47,597 | €10,667 | +€58,264 | |
| Income taxes | 67/77 | €411 | €436 | +€25 | +6.1% |
| Profit (loss) for the period | 9904 | -€48,008 | €10,231 | +€58,239 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,008 | €10,231 | +€58,239 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.