BG RENOVE: what changed
BG RENOVE
Largest movements
- Receivables within one year +€189,174
up €189,174 (+240%), from €78,705 to €267,879
of which Trade receivables: +€98,955
- Cash +€3,965
up €3,965 (+21.9%), from €18,100 to €22,065
mainly Trade debts (+€142,526) and Net result for the year (+€46,939)
- Trade debts +€142,526
up €142,526 (+3,015%), from €4,727 to €147,253
- Profit (loss) carried forward +€46,689
up €46,689 (+43.4%), from €107,567 to €154,256
- Tax, wage and social debts +€5,009
up €5,009 (+36.1%), from €13,887 to €18,896
of which Taxes: +€5,165
- Gross operating margin +€37,457
up €37,457 (+55.0%), from €68,158 to €105,615
- Staff costs +€16,807
up €16,807 (+75.4%), from €22,291 to €39,098
- Taxes +€5,671
up €5,671 (+188%), from €3,011 to €8,683
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,181 | €323,405 | +€194,224 | +150% |
| Fixed assets | 21/28 | €32,376 | €33,460 | +€1,085 | +3.4% |
| Tangible fixed assets | 22/27 | €24,519 | €25,604 | +€1,085 | +4.4% |
| Plant, machinery and equipment | 23 | €707 | €472 | -€236 | -33.3% |
| Furniture and vehicles | 24 | €23,812 | €25,133 | +€1,321 | +5.5% |
| Financial fixed assets | 28 | €7,856 | €7,856 | = | 0.0% |
| Current assets | 29/58 | €96,805 | €289,944 | +€193,139 | +200% |
| Amounts receivable within one year | 40/41 | €78,705 | €267,879 | +€189,174 | +240% |
| Trade receivables | 40 | €19,852 | €118,806 | +€98,955 | +498% |
| Other amounts receivable | 41 | €58,854 | €149,073 | +€90,219 | +153% |
| Cash at bank and in hand | 54/58 | €18,100 | €22,065 | +€3,965 | +21.9% |
| Total equity and liabilities | 10/49 | €129,181 | €323,405 | +€194,224 | +150% |
| Equity | 10/15 | €110,567 | €157,256 | +€46,689 | +42.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,567 | €154,256 | +€46,689 | +43.4% |
| Amounts payable | 17/49 | €18,614 | €166,149 | +€147,535 | +793% |
| Amounts payable within one year | 42/48 | €18,614 | €166,149 | +€147,535 | +793% |
| Trade debts | 44 | €4,727 | €147,253 | +€142,526 | +3,015% |
| Suppliers | 440/4 | €4,727 | €147,253 | +€142,526 | +3,015% |
| Taxes, remuneration and social security | 45 | €13,887 | €18,896 | +€5,009 | +36.1% |
| Taxes | 450/3 | €5,453 | €10,618 | +€5,165 | +94.7% |
| Remuneration and social security | 454/9 | €8,434 | €8,279 | -€155 | -1.8% |
| Remuneration, social security and pensions | 62 | €22,291 | €39,098 | +€16,807 | +75.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,167 | €8,701 | +€534 | +6.5% |
| Other operating charges | 640/8 | €1,540 | €1,695 | +€156 | +10.1% |
| Gross operating margin | 9900 | €68,158 | €105,615 | +€37,457 | +55.0% |
| Operating profit (loss) | 9901 | €36,160 | €56,120 | +€19,960 | +55.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €299 | €498 | +€199 | +66.7% |
| Recurring financial charges | 65 | €299 | €498 | +€199 | +66.7% |
| Profit (loss) for the period before taxes | 9903 | €35,862 | €55,622 | +€19,760 | +55.1% |
| Income taxes | 67/77 | €3,011 | €8,683 | +€5,671 | +188% |
| Profit (loss) for the period | 9904 | €32,850 | €46,939 | +€14,088 | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,850 | €46,939 | +€14,088 | +42.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.