RENOTTE CONSULT: 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.
RENOTTE CONSULT
Largest movements
- Receivables within one year +€21,619
up €21,619 (+26.9%), from €80,394 to €102,013
of which Trade receivables: +€21,619
- Tangible fixed assets -€7,120
down €7,120 (-3.3%), from €218,795 to €211,676
of which Furniture and vehicles: -€4,598
- Debts after one year -€31,528
down €31,528 (-17.0%), from €185,987 to €154,459
- Other debts +€30,864
up €30,864 (+47.3%), from €65,299 to €96,162
- Reserves +€13,080
up €13,080 (+4.0%), from €330,100 to €343,180
- Financial income -€16,650
down €16,650 (-33.3%), from €50,000 to €33,350
- Gross operating margin +€9,614
up €9,614 (+38.4%), from €25,023 to €34,637
- Turnover +€8,927
up €8,927 (+7.7%), from €115,664 to €124,591
- Depreciation +€4,467
up €4,467 (+57.6%), from €7,760 to €12,227
- Other operating charges -€1,509
down €1,509 (-34.9%), from €4,325 to €2,815
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 | €644,479 | €661,543 | +€17,064 | +2.6% |
| Fixed assets | 21/28 | €550,295 | €543,176 | -€7,120 | -1.3% |
| Tangible fixed assets | 22/27 | €218,795 | €211,676 | -€7,120 | -3.3% |
| Land and buildings | 22 | €210,120 | €207,598 | -€2,522 | -1.2% |
| Furniture and vehicles | 24 | €8,675 | €4,077 | -€4,598 | -53.0% |
| Financial fixed assets | 28 | €331,500 | €331,500 | = | 0.0% |
| Current assets | 29/58 | €94,184 | €118,368 | +€24,184 | +25.7% |
| Amounts receivable within one year | 40/41 | €80,394 | €102,013 | +€21,619 | +26.9% |
| Trade receivables | 40 | €79,821 | €101,440 | +€21,619 | +27.1% |
| Other amounts receivable | 41 | €573 | €573 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,959 | €15,483 | +€4,524 | +41.3% |
| Deferred charges and accrued income | 490/1 | €2,831 | €872 | -€1,959 | -69.2% |
| Total equity and liabilities | 10/49 | €644,479 | €661,543 | +€17,064 | +2.6% |
| Equity | 10/15 | €352,402 | €365,491 | +€13,089 | +3.7% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Capital | 10 | €20,405 | €20,405 | = | 0.0% |
| Issued capital | 100 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €330,100 | €343,180 | +€13,080 | +4.0% |
| Distributable reserves | 133 | €330,100 | €343,180 | +€13,080 | +4.0% |
| Profit (loss) carried forward | 14 | €1,897 | €1,906 | +€9 | +0.5% |
| Amounts payable | 17/49 | €292,077 | €296,052 | +€3,975 | +1.4% |
| Amounts payable after more than one year | 17 | €185,987 | €154,459 | -€31,528 | -17.0% |
| Financial debts | 170/4 | €185,987 | €154,459 | -€31,528 | -17.0% |
| Amounts payable within one year | 42/48 | €106,090 | €141,593 | +€35,503 | +33.5% |
| Current portion of amounts payable after more than one year | 42 | €31,095 | €31,305 | +€210 | +0.7% |
| Trade debts | 44 | €4,653 | €7,320 | +€2,667 | +57.3% |
| Suppliers | 440/4 | €4,653 | €7,320 | +€2,667 | +57.3% |
| Taxes, remuneration and social security | 45 | €5,043 | €6,805 | +€1,762 | +34.9% |
| Taxes | 450/3 | €5,043 | €6,805 | +€1,762 | +34.9% |
| Other amounts payable | 47/48 | €65,299 | €96,162 | +€30,864 | +47.3% |
| Turnover | 70 | €115,664 | €124,591 | +€8,927 | +7.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €90,641 | €89,954 | -€687 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,760 | €12,227 | +€4,467 | +57.6% |
| Other operating charges | 640/8 | €4,325 | €2,815 | -€1,509 | -34.9% |
| Gross operating margin | 9900 | €25,023 | €34,637 | +€9,614 | +38.4% |
| Operating profit (loss) | 9901 | €12,938 | €19,594 | +€6,656 | +51.4% |
| Financial income | 75/76B | €50,000 | €33,350 | -€16,650 | -33.3% |
| Recurring financial income | 75 | €50,000 | €33,350 | -€16,650 | -33.3% |
| Financial charges | 65/66B | €4,356 | €3,775 | -€581 | -13.3% |
| Recurring financial charges | 65 | €4,356 | €3,775 | -€581 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €58,582 | €49,169 | -€9,413 | -16.1% |
| Income taxes | 67/77 | €8,427 | €9,080 | +€653 | +7.7% |
| Profit (loss) for the period | 9904 | €50,155 | €40,089 | -€10,066 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,155 | €40,089 | -€10,066 | -20.1% |
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 25 October 2026 via checked.be.