RENNOTTE FRERES: 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.
RENNOTTE FRERES
Largest movements
- Cash -€3,654
down €3,654 (-9.8%), from €37,416 to €33,762
mainly Investment in fixed assets (net) (-€25,773) and Debts after one year (-€12,353)
- Tangible fixed assets +€2,263
up €2,263 (+5.2%), from €43,536 to €45,799
of which Plant, machinery and equipment: +€1,516
- Receivables within one year -€1,142
down €1,142 (-5.8%), from €19,820 to €18,678
of which Other amounts receivable: -€625
- Reserves +€16,610
up €16,610 (+525%), from €3,161 to €19,771
of which Distributable reserves: +€16,610
- Debts after one year -€12,353
down €12,353 (-75.1%), from €16,455 to €4,102
- Trade debts -€11,542
down €11,542 (-63.3%), from €18,248 to €6,706
- Profit (loss) carried forward +€6,566
up €6,566, from -€6,566 to €0
- Other debts -€5,045
down €5,045 (-11.6%), from €43,678 to €38,633
- Gross operating margin +€44,459
up €44,459 (+88.0%), from €50,523 to €94,981
- Staff costs +€16,881
up €16,881 (+81.1%), from €20,814 to €37,696
- Taxes +€7,704
up €7,704, from €0 to €7,704
- Other operating charges +€1,042
up €1,042 (+154%), from €677 to €1,719
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,287 | €101,428 | -€2,859 | -2.7% |
| Fixed assets | 21/28 | €43,658 | €45,921 | +€2,263 | +5.2% |
| Tangible fixed assets | 22/27 | €43,536 | €45,799 | +€2,263 | +5.2% |
| Plant, machinery and equipment | 23 | €10,264 | €11,779 | +€1,516 | +14.8% |
| Furniture and vehicles | 24 | €33,272 | €34,020 | +€747 | +2.2% |
| Financial fixed assets | 28 | €122 | €122 | = | 0.0% |
| Current assets | 29/58 | €60,629 | €55,507 | -€5,122 | -8.4% |
| Amounts receivable within one year | 40/41 | €19,820 | €18,678 | -€1,142 | -5.8% |
| Trade receivables | 40 | €19,195 | €18,678 | -€517 | -2.7% |
| Other amounts receivable | 41 | €625 | €0 | -€625 | -100% |
| Cash at bank and in hand | 54/58 | €37,416 | €33,762 | -€3,654 | -9.8% |
| Deferred charges and accrued income | 490/1 | €3,394 | €3,067 | -€327 | -9.6% |
| Total equity and liabilities | 10/49 | €104,287 | €101,428 | -€2,859 | -2.7% |
| Equity | 10/15 | €2,795 | €25,971 | +€23,176 | +829% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,161 | €19,771 | +€16,610 | +525% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,161 | €19,771 | +€16,610 | +525% |
| Profit (loss) carried forward | 14 | -€6,566 | €0 | +€6,566 | |
| Amounts payable | 17/49 | €101,492 | €75,457 | -€26,035 | -25.7% |
| Amounts payable after more than one year | 17 | €16,455 | €4,102 | -€12,353 | -75.1% |
| Financial debts | 170/4 | €16,455 | €4,102 | -€12,353 | -75.1% |
| Amounts payable within one year | 42/48 | €85,037 | €71,355 | -€13,681 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €12,150 | €12,353 | +€203 | +1.7% |
| Trade debts | 44 | €18,248 | €6,706 | -€11,542 | -63.3% |
| Suppliers | 440/4 | €18,248 | €6,706 | -€11,542 | -63.3% |
| Taxes, remuneration and social security | 45 | €10,962 | €13,663 | +€2,702 | +24.6% |
| Taxes | 450/3 | €7,725 | €9,600 | +€1,876 | +24.3% |
| Remuneration and social security | 454/9 | €3,237 | €4,063 | +€826 | +25.5% |
| Other amounts payable | 47/48 | €43,678 | €38,633 | -€5,045 | -11.6% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €20,814 | €37,696 | +€16,881 | +81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,319 | €23,510 | -€809 | -3.3% |
| Other operating charges | 640/8 | €677 | €1,719 | +€1,042 | +154% |
| Non-recurring operating charges | 66A | - | €625 | +€625 | |
| Gross operating margin | 9900 | €50,523 | €94,981 | +€44,459 | +88.0% |
| Operating profit (loss) | 9901 | €4,713 | €31,432 | +€26,720 | +567% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €786 | €552 | -€234 | -29.8% |
| Recurring financial charges | 65 | €786 | €552 | -€234 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €3,928 | €30,880 | +€26,952 | +686% |
| Income taxes | 67/77 | €0 | €7,704 | +€7,704 | |
| Profit (loss) for the period | 9904 | €3,928 | €23,176 | +€19,248 | +490% |
| Profit (loss) for the period to be appropriated | 9905 | €3,928 | €23,176 | +€19,248 | +490% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.