RENIER - DEFORCHE: 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.
RENIER - DEFORCHE
Largest movements
- Receivables within one year -€37,445
down €37,445 (-37.8%), from €99,049 to €61,605
of which Other amounts receivable: -€39,855
- Cash +€26,898
up €26,898 (+1,125%), from €2,391 to €29,288
mainly Depreciation (+€86,675) and Receivables within one year (+€37,445)
- Tangible fixed assets +€6,953
up €6,953 (+1.6%), from €440,227 to €447,180
of which Furniture and vehicles: +€35,030
- Debts after one year +€33,665
up €33,665 (+70.8%), from €47,553 to €81,218
- Trade debts -€19,618
down €19,618 (-56.1%), from €35,000 to €15,382
- Profit (loss) carried forward -€16,694
down €16,694 (-5.0%), from €333,542 to €316,848
- Tax, wage and social debts +€11,455
up €11,455 (+16.5%), from €69,219 to €80,674
of which Remuneration and social security: +€5,999
- Advances received -€10,854
no longer reported in 2025 (was €10,854)
- Gross operating margin +€21,800
up €21,800 (+8.8%), from €248,252 to €270,052
- Other operating charges +€12,177
up €12,177 (+102%), from €11,926 to €24,103
- Depreciation +€6,703
up €6,703 (+8.4%), from €79,971 to €86,675
- Staff costs +€5,682
up €5,682 (+3.5%), from €162,279 to €167,960
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 | €557,069 | €555,257 | -€1,811 | -0.3% |
| Fixed assets | 21/28 | €440,594 | €447,547 | +€6,953 | +1.6% |
| Tangible fixed assets | 22/27 | €440,227 | €447,180 | +€6,953 | +1.6% |
| Land and buildings | 22 | €305,346 | €283,618 | -€21,727 | -7.1% |
| Plant, machinery and equipment | 23 | €14,065 | €7,715 | -€6,350 | -45.1% |
| Furniture and vehicles | 24 | €120,816 | €155,847 | +€35,030 | +29.0% |
| Financial fixed assets | 28 | €367 | €367 | = | 0.0% |
| Current assets | 29/58 | €116,474 | €107,710 | -€8,764 | -7.5% |
| Amounts receivable within one year | 40/41 | €99,049 | €61,605 | -€37,445 | -37.8% |
| Trade receivables | 40 | €23,854 | €26,265 | +€2,410 | +10.1% |
| Other amounts receivable | 41 | €75,195 | €35,340 | -€39,855 | -53.0% |
| Cash at bank and in hand | 54/58 | €2,391 | €29,288 | +€26,898 | +1,125% |
| Deferred charges and accrued income | 490/1 | €15,034 | €16,817 | +€1,783 | +11.9% |
| Total equity and liabilities | 10/49 | €557,069 | €555,257 | -€1,811 | -0.3% |
| Equity | 10/15 | €354,741 | €338,047 | -€16,694 | -4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,598 | €2,598 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €738 | €2,598 | +€1,860 | +252% |
| Profit (loss) carried forward | 14 | €333,542 | €316,848 | -€16,694 | -5.0% |
| Amounts payable | 17/49 | €202,328 | €217,210 | +€14,882 | +7.4% |
| Amounts payable after more than one year | 17 | €47,553 | €81,218 | +€33,665 | +70.8% |
| Financial debts | 170/4 | €47,553 | €81,218 | +€33,665 | +70.8% |
| Amounts payable within one year | 42/48 | €154,775 | €135,992 | -€18,783 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €34,746 | €39,936 | +€5,190 | +14.9% |
| Financial debts | 43 | €4,806 | - | -€4,806 | |
| Credit institutions | 430/8 | €4,806 | - | -€4,806 | |
| Trade debts | 44 | €35,000 | €15,382 | -€19,618 | -56.1% |
| Suppliers | 440/4 | €35,000 | €15,382 | -€19,618 | -56.1% |
| Advances received on contracts in progress | 46 | €10,854 | - | -€10,854 | |
| Taxes, remuneration and social security | 45 | €69,219 | €80,674 | +€11,455 | +16.5% |
| Taxes | 450/3 | €12,453 | €17,908 | +€5,456 | +43.8% |
| Remuneration and social security | 454/9 | €56,767 | €62,766 | +€5,999 | +10.6% |
| Other amounts payable | 47/48 | €151 | - | -€151 | |
| Remuneration, social security and pensions | 62 | €162,279 | €167,960 | +€5,682 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,971 | €86,675 | +€6,703 | +8.4% |
| Other operating charges | 640/8 | €11,926 | €24,103 | +€12,177 | +102% |
| Gross operating margin | 9900 | €248,252 | €270,052 | +€21,800 | +8.8% |
| Operating profit (loss) | 9901 | -€5,925 | -€8,687 | -€2,762 | -46.6% |
| Financial income | 75/76B | €654 | €734 | +€80 | +12.2% |
| Recurring financial income | 75 | €654 | €734 | +€80 | +12.2% |
| Financial charges | 65/66B | €9,153 | €8,741 | -€411 | -4.5% |
| Recurring financial charges | 65 | €9,153 | €8,741 | -€411 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,423 | -€16,694 | -€2,271 | -15.7% |
| Income taxes | 67/77 | -€10 | - | +€10 | |
| Profit (loss) for the period | 9904 | -€14,413 | -€16,694 | -€2,281 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,413 | -€16,694 | -€2,281 | -15.8% |
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.