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Renegades: 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.

What changed

Renegades

BE 0675.520.272
NACE 74.201, Photography, excluding press photography
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€15,172
2024 · -€2,241-€12,931
Equity
€32,545
2024 · €47,717-€15,172
Cash
€24,811
2024 · €30,296-€5,486
Balance sheet total
€40,017
2024 · €57,414-€17,396

Largest movements

2024 to 2025
Assets
  • Deferred charges and accrued income -€9,987

    down €9,987 (-99.1%), from €10,081 to €94

  • Cash -€5,486

    down €5,486 (-18.1%), from €30,296 to €24,811

    mainly Net result for the year (-€15,172) and Trade debts (-€2,108)

  • Tangible fixed assets -€1,249

    down €1,249 (-50.2%), from €2,488 to €1,239

Equity and liabilities
  • Reserves -€15,172

    down €15,172 (-54.7%), from €27,717 to €12,545

    of which Distributable reserves: -€15,172

  • Trade debts -€2,108

    down €2,108 (-46.2%), from €4,559 to €2,451

Income statement
  • Gross operating margin -€13,019

    down €13,019 (-4,746%), from -€274 to -€13,294

  • Depreciation -€332

    down €332 (-21.0%), from €1,581 to €1,249

  • Other operating charges +€235

    up €235 (+111%), from €211 to €445

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€2,241
Gross operating margin -€13,019
Depreciation +€332
Other operating charges -€235
Financial income -€11
Financial charges +€2
Result 2025 -€15,172
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations -€5,486
Investment €0
Financing €0
Cash 2024 €30,296
Net result for the year -€15,172
Depreciation +€1,249
Receivables after one year +€27
Stocks and contracts +€121
Receivables within one year +€527
Deferred charges and accrued income +€9,987
Trade debts -€2,108
Tax, wage and social debts -€116
Cash 2025 €24,811
brings cash intakes cash out
Every line side by side 40 lines
Line Code 2024 2025 Change %
Total assets 20/58 €57,414 €40,017 -€17,396 -30.3%
Fixed assets 21/28 €2,488 €1,239 -€1,249 -50.2%
Tangible fixed assets 22/27 €2,488 €1,239 -€1,249 -50.2%
Plant, machinery and equipment 23 €2,488 €1,239 -€1,249 -50.2%
Current assets 29/58 €54,926 €38,778 -€16,147 -29.4%
Amounts receivable after more than one year 29 €982 €955 -€27 -2.8%
Other amounts receivable 291 €982 €955 -€27 -2.8%
Stocks and contracts in progress 3 €6,527 €6,405 -€121 -1.9%
Stocks 30/36 €6,527 €6,405 -€121 -1.9%
Amounts receivable within one year 40/41 €7,039 €6,513 -€527 -7.5%
Trade receivables 40 €6,656 €5,853 -€803 -12.1%
Other amounts receivable 41 €383 €660 +€277 +72.2%
Cash at bank and in hand 54/58 €30,296 €24,811 -€5,486 -18.1%
Deferred charges and accrued income 490/1 €10,081 €94 -€9,987 -99.1%
Total equity and liabilities 10/49 €57,414 €40,017 -€17,396 -30.3%
Equity 10/15 €47,717 €32,545 -€15,172 -31.8%
Contributions 10/11 €20,000 €20,000 = 0.0%
Reserves 13 €27,717 €12,545 -€15,172 -54.7%
Non-distributable reserves 130/1 €1,700 €1,700 = 0.0%
Reserves not available under the articles 1311 €1,700 €1,700 = 0.0%
Distributable reserves 133 €26,017 €10,845 -€15,172 -58.3%
Amounts payable 17/49 €9,696 €7,472 -€2,224 -22.9%
Amounts payable within one year 42/48 €9,696 €7,472 -€2,224 -22.9%
Trade debts 44 €4,559 €2,451 -€2,108 -46.2%
Suppliers 440/4 €4,559 €2,451 -€2,108 -46.2%
Taxes, remuneration and social security 45 €375 €259 -€116 -31.0%
Taxes 450/3 €375 €259 -€116 -31.0%
Other amounts payable 47/48 €4,762 €4,762 = 0.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €1,581 €1,249 -€332 -21.0%
Other operating charges 640/8 €211 €445 +€235 +111%
Gross operating margin 9900 -€274 -€13,294 -€13,019 -4,746%
Operating profit (loss) 9901 -€2,066 -€14,988 -€12,922 -626%
Financial income 75/76B €12 €1 -€11 -88.2%
Recurring financial income 75 €12 €1 -€11 -88.2%
Financial charges 65/66B €187 €186 -€2 -1.0%
Recurring financial charges 65 €187 €186 -€2 -1.0%
Profit (loss) for the period before taxes 9903 -€2,241 -€15,172 -€12,931 -577%
Income taxes 67/77 €0 - =
Profit (loss) for the period 9904 -€2,241 -€15,172 -€12,931 -577%
Profit (loss) for the period to be appropriated 9905 -€2,241 -€15,172 -€12,931 -577%

Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.