VAN RENTERGHEM: 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.
VAN RENTERGHEM
Largest movements
- Cash +€560,791
up €560,791 (+83.2%), from €673,659 to €1.2m
mainly Net result for the year (+€263,592) and Stocks and contracts (+€212,921)
- Stocks and contracts -€212,921
down €212,921 (-20.3%), from €1.1m to €838,479
- Deferred charges and accrued income -€144,000
down €144,000 (-33.3%), from €432,000 to €288,000
- Receivables within one year -€90,193
down €90,193 (-16.6%), from €541,887 to €451,694
of which Trade receivables: -€85,544
- Profit (loss) carried forward +€263,592
up €263,592 (+12.5%), from €2.1m to €2.4m
- Trade debts -€39,100
down €39,100 (-9.3%), from €418,541 to €379,441
- Tax, wage and social debts -€39,093
down €39,093 (-45.2%), from €86,540 to €47,447
of which Taxes: -€34,248
- Current portion of long-term debt -€35,997
down €35,997 (-73.8%), from €48,779 to €12,782
- Taxes -€130,737
down €130,737 (-58.7%), from €222,582 to €91,845
- Gross operating margin -€62,610
down €62,610 (-9.7%), from €647,105 to €584,494
- Depreciation +€24,301
up €24,301 (+24.1%), from €100,888 to €125,189
- Financial income +€16,846
up €16,846 (+100.1%), from €16,833 to €33,679
of which Financial income: +€11,494
- Financial charges -€14,037
down €14,037 (-39.5%), from €35,543 to €21,505
of which Non-recurring financial charges: -€10,295
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 | €3,037,793 | €3,174,413 | +€136,621 | +4.5% |
| Fixed assets | 21/28 | €338,846 | €361,791 | +€22,945 | +6.8% |
| Tangible fixed assets | 22/27 | €338,710 | €361,654 | +€22,945 | +6.8% |
| Land and buildings | 22 | €202,179 | €162,976 | -€39,203 | -19.4% |
| Furniture and vehicles | 24 | €136,531 | €198,679 | +€62,148 | +45.5% |
| Financial fixed assets | 28 | €136 | €136 | = | 0.0% |
| Current assets | 29/58 | €2,698,947 | €2,812,623 | +€113,676 | +4.2% |
| Stocks and contracts in progress | 3 | €1,051,400 | €838,479 | -€212,921 | -20.3% |
| Stocks | 30/36 | €1,051,400 | €838,479 | -€212,921 | -20.3% |
| Amounts receivable within one year | 40/41 | €541,887 | €451,694 | -€90,193 | -16.6% |
| Trade receivables | 40 | €488,082 | €402,537 | -€85,544 | -17.5% |
| Other amounts receivable | 41 | €53,805 | €49,157 | -€4,649 | -8.6% |
| Cash at bank and in hand | 54/58 | €673,659 | €1,234,450 | +€560,791 | +83.2% |
| Deferred charges and accrued income | 490/1 | €432,000 | €288,000 | -€144,000 | -33.3% |
| Total equity and liabilities | 10/49 | €3,037,793 | €3,174,413 | +€136,621 | +4.5% |
| Equity | 10/15 | €2,469,352 | €2,732,944 | +€263,592 | +10.7% |
| 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 | €306,507 | €306,507 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,950 | €12,950 | = | 0.0% |
| Distributable reserves | 133 | €287,357 | €287,357 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,100,845 | €2,364,437 | +€263,592 | +12.5% |
| Amounts payable | 17/49 | €568,441 | €441,469 | -€126,972 | -22.3% |
| Amounts payable after more than one year | 17 | €12,782 | - | -€12,782 | |
| Financial debts | 170/4 | €12,782 | - | -€12,782 | |
| Amounts payable within one year | 42/48 | €553,859 | €439,669 | -€114,190 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €48,779 | €12,782 | -€35,997 | -73.8% |
| Trade debts | 44 | €418,541 | €379,441 | -€39,100 | -9.3% |
| Suppliers | 440/4 | €418,541 | €379,441 | -€39,100 | -9.3% |
| Taxes, remuneration and social security | 45 | €86,540 | €47,447 | -€39,093 | -45.2% |
| Taxes | 450/3 | €69,398 | €35,150 | -€34,248 | -49.4% |
| Remuneration and social security | 454/9 | €17,141 | €12,297 | -€4,844 | -28.3% |
| Accrued charges and deferred income | 492/3 | €1,800 | €1,800 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €91,360 | €97,540 | +€6,181 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,888 | €125,189 | +€24,301 | +24.1% |
| Other operating charges | 640/8 | €17,608 | €18,501 | +€893 | +5.1% |
| Gross operating margin | 9900 | €647,105 | €584,494 | -€62,610 | -9.7% |
| Operating profit (loss) | 9901 | €437,249 | €343,264 | -€93,985 | -21.5% |
| Financial income | 75/76B | €16,833 | €33,679 | +€16,846 | +100.1% |
| Recurring financial income | 75 | €13,920 | €25,414 | +€11,494 | +82.6% |
| Non-recurring financial income | 76B | €2,913 | €8,265 | +€5,352 | +183.8% |
| Financial charges | 65/66B | €35,543 | €21,505 | -€14,037 | -39.5% |
| Recurring financial charges | 65 | €20,097 | €16,355 | -€3,742 | -18.6% |
| Non-recurring financial charges | 66B | €15,446 | €5,151 | -€10,295 | -66.7% |
| Profit (loss) for the period before taxes | 9903 | €418,539 | €355,437 | -€63,101 | -15.1% |
| Income taxes | 67/77 | €222,582 | €91,845 | -€130,737 | -58.7% |
| Profit (loss) for the period | 9904 | €195,956 | €263,592 | +€67,636 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €195,956 | €263,592 | +€67,636 | +34.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.