B.W. RENOVATION: 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.W. RENOVATION
Largest movements
- Tangible fixed assets -€37,446
down €37,446 (-13.6%), from €274,612 to €237,166
- Receivables within one year -€32,225
down €32,225 (-29.6%), from €108,996 to €76,771
of which Trade receivables: -€33,082
- Cash +€9,239
up €9,239 (+83.5%), from €11,071 to €20,310
mainly Depreciation (+€39,017) and Receivables within one year (+€32,225)
- Stocks and contracts +€7,770
new in 2024: €7,770
- Deferred charges and accrued income -€4,507
down €4,507 (-70.7%), from €6,377 to €1,870
- Debts after one year -€31,878
down €31,878 (-27.5%), from €116,032 to €84,154
of which Financial debts: -€31,878
- Trade debts -€15,124
down €15,124 (-43.4%), from €34,886 to €19,762
- Tax, wage and social debts -€6,071
down €6,071 (-55.7%), from €10,909 to €4,838
of which Remuneration and social security: -€6,071
- Other debts -€4,400
down €4,400 (-53.4%), from €8,237 to €3,837
- Staff costs +€3,868
up €3,868 (+12.5%), from €30,995 to €34,863
- Gross operating margin +€2,048
up €2,048 (+2.5%), from €82,319 to €84,368
- Depreciation -€1,033
down €1,033 (-2.6%), from €40,050 to €39,017
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 | €403,655 | €346,486 | -€57,169 | -14.2% |
| Fixed assets | 21/28 | €277,212 | €239,766 | -€37,446 | -13.5% |
| Tangible fixed assets | 22/27 | €274,612 | €237,166 | -€37,446 | -13.6% |
| Land and buildings | 22 | €216,531 | €209,693 | -€6,838 | -3.2% |
| Furniture and vehicles | 24 | €37,350 | €19,951 | -€17,398 | -46.6% |
| Other tangible fixed assets | 26 | €20,732 | €7,522 | -€13,210 | -63.7% |
| Financial fixed assets | 28 | €2,600 | €2,600 | = | 0.0% |
| Current assets | 29/58 | €126,443 | €106,720 | -€19,723 | -15.6% |
| Stocks and contracts in progress | 3 | - | €7,770 | +€7,770 | |
| Stocks | 30/36 | - | €7,770 | +€7,770 | |
| Amounts receivable within one year | 40/41 | €108,996 | €76,771 | -€32,225 | -29.6% |
| Trade receivables | 40 | €70,065 | €36,983 | -€33,082 | -47.2% |
| Other amounts receivable | 41 | €38,931 | €39,787 | +€856 | +2.2% |
| Cash at bank and in hand | 54/58 | €11,071 | €20,310 | +€9,239 | +83.5% |
| Deferred charges and accrued income | 490/1 | €6,377 | €1,870 | -€4,507 | -70.7% |
| Total equity and liabilities | 10/49 | €403,655 | €346,486 | -€57,169 | -14.2% |
| Equity | 10/15 | €200,514 | €201,467 | +€954 | +0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,860 | €16,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177,454 | €178,407 | +€954 | +0.5% |
| Amounts payable | 17/49 | €203,142 | €145,019 | -€58,123 | -28.6% |
| Amounts payable after more than one year | 17 | €116,032 | €84,154 | -€31,878 | -27.5% |
| Financial debts | 170/4 | €113,326 | €81,448 | -€31,878 | -28.1% |
| Other amounts payable | 178/9 | €2,706 | €2,706 | = | 0.0% |
| Amounts payable within one year | 42/48 | €86,560 | €60,315 | -€26,245 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €31,878 | €31,878 | = | 0.0% |
| Trade debts | 44 | €34,886 | €19,762 | -€15,124 | -43.4% |
| Suppliers | 440/4 | €34,886 | €19,762 | -€15,124 | -43.4% |
| Advances received on contracts in progress | 46 | €650 | - | -€650 | |
| Taxes, remuneration and social security | 45 | €10,909 | €4,838 | -€6,071 | -55.7% |
| Taxes | 450/3 | €1,558 | €1,558 | = | 0.0% |
| Remuneration and social security | 454/9 | €9,351 | €3,280 | -€6,071 | -64.9% |
| Other amounts payable | 47/48 | €8,237 | €3,837 | -€4,400 | -53.4% |
| Accrued charges and deferred income | 492/3 | €550 | €550 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €30,995 | €34,863 | +€3,868 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,050 | €39,017 | -€1,033 | -2.6% |
| Other operating charges | 640/8 | €6,949 | €6,219 | -€731 | -10.5% |
| Gross operating margin | 9900 | €82,319 | €84,368 | +€2,048 | +2.5% |
| Operating profit (loss) | 9901 | €4,325 | €4,269 | -€56 | -1.3% |
| Financial income | 75/76B | €1,087 | €1,172 | +€85 | +7.8% |
| Recurring financial income | 75 | €1,087 | €136 | -€951 | -87.5% |
| Non-recurring financial income | 76B | - | €1,036 | +€1,036 | |
| Financial charges | 65/66B | €4,121 | €4,488 | +€367 | +8.9% |
| Recurring financial charges | 65 | €4,121 | €4,488 | +€367 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €1,291 | €954 | -€338 | -26.1% |
| Income taxes | 67/77 | €242 | - | -€242 | |
| Profit (loss) for the period | 9904 | €1,049 | €954 | -€95 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,049 | €954 | -€95 | -9.1% |
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 27 October 2026 via checked.be.