B RENOV: 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.
B RENOV
Largest movements
- Receivables within one year -€147,505
down €147,505 (-74.5%), from €198,009 to €50,504
of which Trade receivables: -€136,153
- Tangible fixed assets -€66,798
down €66,798 (-76.5%), from €87,365 to €20,567
of which Furniture and vehicles: -€54,692
- Stocks and contracts -€11,744
no longer reported in 2024 (was €11,744)
- Cash +€8,642
up €8,642 (+59.0%), from €14,655 to €23,297
mainly Receivables within one year (+€147,505) and Investment in fixed assets (net) (+€47,883)
- Intangible fixed assets -€4,716
down €4,716 (-34.4%), from €13,699 to €8,983
- Profit (loss) carried forward -€97,477
down €97,477 (-69.2%), from €140,871 to €43,394
- Trade debts -€86,652
down €86,652 (-80.5%), from €107,607 to €20,955
- Tax, wage and social debts -€30,842
down €30,842 (-79.9%), from €38,612 to €7,770
of which Taxes: -€30,026
- Debts after one year -€6,253
down €6,253 (-33.0%), from €18,922 to €12,669
- Gross operating margin -€77,199
down €77,199, from €62,509 to -€14,690
- Depreciation -€12,018
down €12,018 (-38.1%), from €31,579 to €19,561
- Other operating charges +€752
up €752 (+78.7%), from €956 to €1,708
- Taxes +€669
up €669, from -€58 to €611
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 | €336,486 | €114,007 | -€222,479 | -66.1% |
| Fixed assets | 21/28 | €105,779 | €38,335 | -€67,444 | -63.8% |
| Intangible fixed assets | 21 | €13,699 | €8,983 | -€4,716 | -34.4% |
| Tangible fixed assets | 22/27 | €87,365 | €20,567 | -€66,798 | -76.5% |
| Plant, machinery and equipment | 23 | €4,036 | €2,195 | -€1,841 | -45.6% |
| Furniture and vehicles | 24 | €57,909 | €3,217 | -€54,692 | -94.4% |
| Leasing and similar rights | 25 | €25,420 | €15,155 | -€10,265 | -40.4% |
| Financial fixed assets | 28 | €4,715 | €8,785 | +€4,070 | +86.3% |
| Current assets | 29/58 | €230,707 | €75,672 | -€155,035 | -67.2% |
| Stocks and contracts in progress | 3 | €11,744 | - | -€11,744 | |
| Stocks | 30/36 | €11,744 | - | -€11,744 | |
| Amounts receivable within one year | 40/41 | €198,009 | €50,504 | -€147,505 | -74.5% |
| Trade receivables | 40 | €163,946 | €27,793 | -€136,153 | -83.0% |
| Other amounts receivable | 41 | €34,063 | €22,711 | -€11,352 | -33.3% |
| Cash at bank and in hand | 54/58 | €14,655 | €23,297 | +€8,642 | +59.0% |
| Deferred charges and accrued income | 490/1 | €6,299 | €1,871 | -€4,428 | -70.3% |
| Total equity and liabilities | 10/49 | €336,486 | €114,007 | -€222,479 | -66.1% |
| Equity | 10/15 | €161,331 | €63,854 | -€97,477 | -60.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,871 | €43,394 | -€97,477 | -69.2% |
| Amounts payable | 17/49 | €175,155 | €50,153 | -€125,002 | -71.4% |
| Amounts payable after more than one year | 17 | €18,922 | €12,669 | -€6,253 | -33.0% |
| Financial debts | 170/4 | €18,922 | €12,669 | -€6,253 | -33.0% |
| Amounts payable within one year | 42/48 | €156,233 | €37,484 | -€118,749 | -76.0% |
| Current portion of amounts payable after more than one year | 42 | €8,844 | €6,587 | -€2,257 | -25.5% |
| Trade debts | 44 | €107,607 | €20,955 | -€86,652 | -80.5% |
| Suppliers | 440/4 | €107,607 | €20,955 | -€86,652 | -80.5% |
| Taxes, remuneration and social security | 45 | €38,612 | €7,770 | -€30,842 | -79.9% |
| Taxes | 450/3 | €30,906 | €880 | -€30,026 | -97.2% |
| Remuneration and social security | 454/9 | €7,706 | €6,890 | -€816 | -10.6% |
| Other amounts payable | 47/48 | €1,170 | €2,172 | +€1,002 | +85.6% |
| Remuneration, social security and pensions | 62 | €51,633 | €51,993 | +€360 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,579 | €19,561 | -€12,018 | -38.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €600 | +€600 | |
| Other operating charges | 640/8 | €956 | €1,708 | +€752 | +78.7% |
| Non-recurring operating charges | 66A | - | €6,293 | +€6,293 | |
| Gross operating margin | 9900 | €62,509 | -€14,690 | -€77,199 | |
| Operating profit (loss) | 9901 | -€21,659 | -€94,845 | -€73,186 | -338% |
| Financial income | 75/76B | €900 | €611 | -€289 | -32.1% |
| Recurring financial income | 75 | €900 | €611 | -€289 | -32.1% |
| Financial charges | 65/66B | €2,070 | €2,632 | +€562 | +27.1% |
| Recurring financial charges | 65 | €2,070 | €2,632 | +€562 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,829 | -€96,866 | -€74,037 | -324% |
| Income taxes | 67/77 | -€58 | €611 | +€669 | |
| Profit (loss) for the period | 9904 | -€22,771 | -€97,477 | -€74,706 | -328% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,771 | -€97,477 | -€74,706 | -328% |
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 22 October 2026 via checked.be.