Renwart: what changed
Two fiscal 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.
Renwart
Largest movements
- Receivables within one year -€35,731
down €35,731 (-35.8%), from €99,908 to €64,177
of which Trade receivables: -€35,117
- Cash -€22,587
down €22,587 (-7.2%), from €314,740 to €292,154
mainly Net result for the year (-€47,010) and Tax, wage and social debts (-€9,496)
- Profit (loss) carried forward -€47,010
down €47,010 (-35.6%), from €131,992 to €84,982
- Tax, wage and social debts -€9,496
down €9,496 (-98.8%), from €9,616 to €120
- Other operating charges -€19,389
down €19,389 (-50.9%), from €38,100 to €18,712
- Gross operating margin -€15,360
down €15,360 (-648.5%), from -€2,369 to -€17,729
- Write-downs +€9,112
new in 2025: €9,112
- Taxes +€3,656
up €3,656, from -€3,536 to €120
- Staff costs -€1,514
down €1,514 (-63.6%), from €2,382 to €867
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 | €457,091 | €398,355 | -€58,736 | -12.8% |
| Fixed assets | 21/28 | €37,962 | €37,543 | -€419 | -1.1% |
| Tangible fixed assets | 22/27 | €37,184 | €37,184 | = | 0.0% |
| Land and buildings | 22 | €37,184 | €37,184 | = | 0.0% |
| Financial fixed assets | 28 | €778 | €359 | -€419 | -53.8% |
| Current assets | 29/58 | €419,129 | €360,811 | -€58,317 | -13.9% |
| Amounts receivable within one year | 40/41 | €99,908 | €64,177 | -€35,731 | -35.8% |
| Trade receivables | 40 | €93,673 | €58,556 | -€35,117 | -37.5% |
| Other amounts receivable | 41 | €6,235 | €5,621 | -€613 | -9.8% |
| Current investments | 50/53 | €4,481 | €4,481 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €314,740 | €292,154 | -€22,587 | -7.2% |
| Total equity and liabilities | 10/49 | €457,091 | €398,355 | -€58,736 | -12.8% |
| Equity | 10/15 | €433,377 | €386,367 | -€47,010 | -10.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €239,412 | €239,412 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €223,214 | €223,214 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,992 | €84,982 | -€47,010 | -35.6% |
| Amounts payable | 17/49 | €23,714 | €11,988 | -€11,726 | -49.4% |
| Amounts payable within one year | 42/48 | €23,714 | €11,588 | -€12,126 | -51.1% |
| Financial debts | 43 | €385 | €111 | -€274 | -71.0% |
| Credit institutions | 430/8 | €385 | €111 | -€274 | -71.0% |
| Trade debts | 44 | €13,713 | €11,357 | -€2,356 | -17.2% |
| Suppliers | 440/4 | €13,713 | €11,357 | -€2,356 | -17.2% |
| Taxes, remuneration and social security | 45 | €9,616 | €120 | -€9,496 | -98.8% |
| Taxes | 450/3 | €9,616 | €120 | -€9,496 | -98.8% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Non-recurring operating income | 76A | €412 | €3,240 | +€2,827 | +685.5% |
| Remuneration, social security and pensions | 62 | €2,382 | €867 | -€1,514 | -63.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,112 | +€9,112 | |
| Other operating charges | 640/8 | €38,100 | €18,712 | -€19,389 | -50.9% |
| Non-recurring operating charges | 66A | - | €628 | +€628 | |
| Gross operating margin | 9900 | -€2,369 | -€17,729 | -€15,360 | -648.5% |
| Operating profit (loss) | 9901 | -€42,851 | -€47,047 | -€4,197 | -9.8% |
| Financial income | 75/76B | €1,104 | €274 | -€830 | -75.2% |
| Recurring financial income | 75 | €1,104 | €274 | -€830 | -75.2% |
| Financial charges | 65/66B | €1,261 | €116 | -€1,145 | -90.8% |
| Recurring financial charges | 65 | €1,261 | €116 | -€1,145 | -90.8% |
| Profit (loss) for the period before taxes | 9903 | -€43,008 | -€46,890 | -€3,882 | -9.0% |
| Income taxes | 67/77 | -€3,536 | €120 | +€3,656 | |
| Profit (loss) for the period | 9904 | -€39,472 | -€47,010 | -€7,538 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,472 | -€47,010 | -€7,538 | -19.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.