RENIERS: 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.
RENIERS
Largest movements
- Cash +€35,508
up €35,508 (+23.2%), from €153,224 to €188,732
mainly Net result for the year (+€61,022) and Other debts (+€17,077)
- Stocks and contracts +€23,255
up €23,255 (+30.2%), from €77,086 to €100,340
- Tangible fixed assets -€7,949
down €7,949 (-4.8%), from €166,563 to €158,614
of which Land and buildings: -€6,250
- Receivables within one year -€5,050
down €5,050 (-65.7%), from €7,691 to €2,641
of which Trade receivables: -€6,295
- Reserves +€21,643
up €21,643 (+7.6%), from €285,624 to €307,267
of which Distributable reserves: +€21,643
- Other debts +€17,077
up €17,077 (+39.2%), from €43,604 to €60,681
- Tax, wage and social debts +€11,649
up €11,649 (+243.7%), from €4,780 to €16,429
- Trade debts -€5,954
down €5,954 (-67.8%), from €8,787 to €2,833
- Gross operating margin +€39,773
up €39,773 (+56.5%), from €70,384 to €110,156
- Taxes +€17,897
up €17,897 (+96.3%), from €18,580 to €36,477
- Financial charges +€1,155
up €1,155 (+143.9%), from €803 to €1,958
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 | €404,794 | €450,557 | +€45,763 | +11.3% |
| Fixed assets | 21/28 | €166,793 | €158,844 | -€7,949 | -4.8% |
| Tangible fixed assets | 22/27 | €166,563 | €158,614 | -€7,949 | -4.8% |
| Land and buildings | 22 | €162,500 | €156,250 | -€6,250 | -3.8% |
| Plant, machinery and equipment | 23 | €3,787 | €2,364 | -€1,423 | -37.6% |
| Furniture and vehicles | 24 | €277 | €0 | -€277 | -100.0% |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €238,001 | €291,713 | +€53,712 | +22.6% |
| Stocks and contracts in progress | 3 | €77,086 | €100,340 | +€23,255 | +30.2% |
| Stocks | 30/36 | €77,086 | €100,340 | +€23,255 | +30.2% |
| Amounts receivable within one year | 40/41 | €7,691 | €2,641 | -€5,050 | -65.7% |
| Trade receivables | 40 | €7,691 | €1,396 | -€6,295 | -81.8% |
| Other amounts receivable | 41 | €0 | €1,245 | +€1,245 | |
| Cash at bank and in hand | 54/58 | €153,224 | €188,732 | +€35,508 | +23.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €404,794 | €450,557 | +€45,763 | +11.3% |
| Equity | 10/15 | €347,624 | €369,267 | +€21,643 | +6.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €285,624 | €307,267 | +€21,643 | +7.6% |
| Non-distributable reserves | 130/1 | €17,900 | €17,900 | = | 0.0% |
| Legal reserve | 130 | €17,900 | €17,900 | = | 0.0% |
| Distributable reserves | 133 | €267,724 | €289,367 | +€21,643 | +8.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €57,171 | €81,290 | +€24,120 | +42.2% |
| Amounts payable within one year | 42/48 | €57,171 | €79,943 | +€22,772 | +39.8% |
| Trade debts | 44 | €8,787 | €2,833 | -€5,954 | -67.8% |
| Suppliers | 440/4 | €8,787 | €2,833 | -€5,954 | -67.8% |
| Taxes, remuneration and social security | 45 | €4,780 | €16,429 | +€11,649 | +243.7% |
| Taxes | 450/3 | €4,780 | €16,429 | +€11,649 | +243.7% |
| Other amounts payable | 47/48 | €43,604 | €60,681 | +€17,077 | +39.2% |
| Accrued charges and deferred income | 492/3 | - | €1,347 | +€1,347 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,167 | €7,949 | -€218 | -2.7% |
| Other operating charges | 640/8 | €3,197 | €3,666 | +€470 | +14.7% |
| Gross operating margin | 9900 | €70,384 | €110,156 | +€39,773 | +56.5% |
| Operating profit (loss) | 9901 | €59,020 | €98,541 | +€39,520 | +67.0% |
| Financial income | 75/76B | €224 | €916 | +€692 | +308.5% |
| Recurring financial income | 75 | €224 | €916 | +€692 | +308.5% |
| Financial charges | 65/66B | €803 | €1,958 | +€1,155 | +143.9% |
| Recurring financial charges | 65 | €803 | €1,958 | +€1,155 | +143.9% |
| Profit (loss) for the period before taxes | 9903 | €58,442 | €97,499 | +€39,057 | +66.8% |
| Income taxes | 67/77 | €18,580 | €36,477 | +€17,897 | +96.3% |
| Profit (loss) for the period | 9904 | €39,861 | €61,022 | +€21,161 | +53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,861 | €61,022 | +€21,161 | +53.1% |
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 10 October 2026 via checked.be.