Roger RENIER: 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.
Roger RENIER
Largest movements
- Cash +€24,333
up €24,333 (+49.2%), from €49,414 to €73,747
mainly Net result for the year (+€20,391) and Depreciation (+€6,474)
- Tangible fixed assets -€6,474
down €6,474 (-30.8%), from €21,030 to €14,557
of which Furniture and vehicles: -€6,119
- Receivables within one year -€1,779
down €1,779 (-8.8%), from €20,133 to €18,354
of which Other amounts receivable: -€3,384
- Profit (loss) carried forward +€20,391
up €20,391 (+35.6%), from €57,285 to €77,676
- Debts after one year -€3,149
down €3,149 (-100%), from €3,149 to €0
- Other debts -€1,798
down €1,798 (-100%), from €1,798 to €0
- Gross operating margin +€9,179
up €9,179 (+37.5%), from €24,505 to €33,684
- Taxes +€2,492
up €2,492 (+71.0%), from €3,508 to €6,000
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 | €91,537 | €106,880 | +€15,343 | +16.8% |
| Fixed assets | 21/28 | €21,080 | €14,607 | -€6,474 | -30.7% |
| Tangible fixed assets | 22/27 | €21,030 | €14,557 | -€6,474 | -30.8% |
| Land and buildings | 22 | €3,550 | €3,195 | -€355 | -10.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €17,481 | €11,362 | -€6,119 | -35.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €70,457 | €92,273 | +€21,816 | +31.0% |
| Amounts receivable within one year | 40/41 | €20,133 | €18,354 | -€1,779 | -8.8% |
| Trade receivables | 40 | €15,741 | €17,345 | +€1,605 | +10.2% |
| Other amounts receivable | 41 | €4,392 | €1,009 | -€3,384 | -77.0% |
| Cash at bank and in hand | 54/58 | €49,414 | €73,747 | +€24,333 | +49.2% |
| Deferred charges and accrued income | 490/1 | €910 | €172 | -€738 | -81.1% |
| Total equity and liabilities | 10/49 | €91,537 | €106,880 | +€15,343 | +16.8% |
| Equity | 10/15 | €80,717 | €101,108 | +€20,391 | +25.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €17,235 | €17,235 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,876 | €2,876 | = | 0.0% |
| Distributable reserves | 133 | €14,359 | €14,359 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,285 | €77,676 | +€20,391 | +35.6% |
| Amounts payable | 17/49 | €10,820 | €5,772 | -€5,048 | -46.7% |
| Amounts payable after more than one year | 17 | €3,149 | €0 | -€3,149 | -100% |
| Financial debts | 170/4 | €3,149 | €0 | -€3,149 | -100% |
| Amounts payable within one year | 42/48 | €7,671 | €5,772 | -€1,899 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €3,398 | €3,149 | -€248 | -7.3% |
| Trade debts | 44 | €2,337 | €2,131 | -€206 | -8.8% |
| Suppliers | 440/4 | €2,337 | €2,131 | -€206 | -8.8% |
| Taxes, remuneration and social security | 45 | €139 | €492 | +€353 | +255% |
| Taxes | 450/3 | €139 | €492 | +€353 | +255% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €1,798 | €0 | -€1,798 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,427 | €6,474 | +€46 | +0.7% |
| Other operating charges | 640/8 | €582 | €596 | +€14 | +2.4% |
| Gross operating margin | 9900 | €24,505 | €33,684 | +€9,179 | +37.5% |
| Operating profit (loss) | 9901 | €17,496 | €26,615 | +€9,119 | +52.1% |
| Financial income | 75/76B | €27 | - | -€27 | |
| Recurring financial income | 75 | €27 | - | -€27 | |
| Financial charges | 65/66B | €191 | €224 | +€33 | +17.1% |
| Recurring financial charges | 65 | €191 | €224 | +€33 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €17,331 | €26,391 | +€9,060 | +52.3% |
| Income taxes | 67/77 | €3,508 | €6,000 | +€2,492 | +71.0% |
| Profit (loss) for the period | 9904 | €13,824 | €20,391 | +€6,568 | +47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,824 | €20,391 | +€6,568 | +47.5% |
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 17 October 2026 via checked.be.