8 RENOVE: 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.
8 RENOVE
Largest movements
- Receivables within one year +€87,151
up €87,151 (+124%), from €70,298 to €157,449
- Tangible fixed assets -€12,811
down €12,811 (-32.0%), from €40,062 to €27,251
of which Furniture and vehicles: -€20,605
- Tax, wage and social debts +€57,984
up €57,984 (+115%), from €50,575 to €108,558
of which Remuneration and social security: +€46,365
- Other debts +€53,908
new in 2024: €53,908
- Profit (loss) carried forward -€32,926
down €32,926, from €13,913 to -€19,013
- Debts after one year -€19,289
down €19,289 (-70.3%), from €27,426 to €8,137
- Trade debts +€7,822
up €7,822 (+12.7%), from €61,760 to €69,582
- Staff costs -€66,322
down €66,322 (-88.7%), from €74,767 to €8,445
- Other operating charges -€13,324
down €13,324 (-69.7%), from €19,112 to €5,788
- Taxes -€9,887
no longer reported in 2024 (was €9,887)
- Gross operating margin +€8,956
up €8,956 (+7.6%), from €118,217 to €127,173
- Financial charges +€4,605
up €4,605 (+29.0%), from €15,903 to €20,508
of which Financial charges: +€4,604
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 | €178,639 | €253,743 | +€75,105 | +42.0% |
| Fixed assets | 21/28 | €45,339 | €31,532 | -€13,807 | -30.5% |
| Intangible fixed assets | 21 | €4,260 | €3,264 | -€996 | -23.4% |
| Tangible fixed assets | 22/27 | €40,062 | €27,251 | -€12,811 | -32.0% |
| Plant, machinery and equipment | 23 | €120 | €7,913 | +€7,793 | +6,503% |
| Furniture and vehicles | 24 | €39,942 | €19,338 | -€20,605 | -51.6% |
| Financial fixed assets | 28 | €1,017 | €1,017 | = | 0.0% |
| Current assets | 29/58 | €133,299 | €222,211 | +€88,912 | +66.7% |
| Amounts receivable after more than one year | 29 | €56,629 | €56,629 | = | 0.0% |
| Trade receivables | 290 | €56,629 | €56,629 | = | 0.0% |
| Stocks and contracts in progress | 3 | €446 | €446 | = | 0.0% |
| Stocks | 30/36 | €446 | €446 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €70,298 | €157,449 | +€87,151 | +124% |
| Trade receivables | 40 | €70,298 | €157,449 | +€87,151 | +124% |
| Cash at bank and in hand | 54/58 | €475 | €2,983 | +€2,509 | +529% |
| Deferred charges and accrued income | 490/1 | €5,451 | €4,704 | -€747 | -13.7% |
| Total equity and liabilities | 10/49 | €178,639 | €253,743 | +€75,105 | +42.0% |
| Equity | 10/15 | €20,113 | -€12,813 | -€32,926 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,913 | -€19,013 | -€32,926 | |
| Amounts payable | 17/49 | €158,525 | €266,556 | +€108,031 | +68.1% |
| Amounts payable after more than one year | 17 | €27,426 | €8,137 | -€19,289 | -70.3% |
| Financial debts | 170/4 | €27,426 | €8,137 | -€19,289 | -70.3% |
| Amounts payable within one year | 42/48 | €131,099 | €258,419 | +€127,319 | +97.1% |
| Current portion of amounts payable after more than one year | 42 | €18,765 | €26,221 | +€7,456 | +39.7% |
| Trade debts | 44 | €61,760 | €69,582 | +€7,822 | +12.7% |
| Suppliers | 440/4 | €61,760 | €69,582 | +€7,822 | +12.7% |
| Advances received on contracts in progress | 46 | - | €150 | +€150 | |
| Taxes, remuneration and social security | 45 | €50,575 | €108,558 | +€57,984 | +115% |
| Taxes | 450/3 | €32,091 | €43,709 | +€11,618 | +36.2% |
| Remuneration and social security | 454/9 | €18,484 | €64,849 | +€46,365 | +251% |
| Other amounts payable | 47/48 | - | €53,908 | +€53,908 | |
| Remuneration, social security and pensions | 62 | €74,767 | €8,445 | -€66,322 | -88.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,798 | €23,160 | +€1,362 | +6.2% |
| Other operating charges | 640/8 | €19,112 | €5,788 | -€13,324 | -69.7% |
| Non-recurring operating charges | 66A | - | €102,197 | +€102,197 | |
| Gross operating margin | 9900 | €118,217 | €127,173 | +€8,956 | +7.6% |
| Operating profit (loss) | 9901 | €2,539 | -€12,418 | -€14,957 | |
| Financial income | 75/76B | €1,221 | - | -€1,221 | |
| Recurring financial income | 75 | €1,221 | - | -€1,221 | |
| Financial charges | 65/66B | €15,903 | €20,508 | +€4,605 | +29.0% |
| Recurring financial charges | 65 | €15,903 | €20,508 | +€4,604 | +29.0% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | -€12,143 | -€32,926 | -€20,783 | -171% |
| Income taxes | 67/77 | €9,887 | - | -€9,887 | |
| Profit (loss) for the period | 9904 | -€22,030 | -€32,926 | -€10,896 | -49.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,030 | -€32,926 | -€10,896 | -49.5% |
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.