BO RENOV: what changed
BO RENOV
Largest movements
- Receivables within one year -€11,442
down €11,442 (-16.7%), from €68,500 to €57,058
of which Trade receivables: -€21,564
- Cash +€7,788
up €7,788 (+17.5%), from €44,496 to €52,283
mainly Receivables within one year (+€11,442) and Net result for the year (+€7,900)
- Stocks and contracts -€5,000
down €5,000 (-11.2%), from €44,625 to €39,625
of which Contracts in progress: -€5,000
- Profit (loss) carried forward +€7,900
up €7,900 (+25.2%), from €31,302 to €39,202
- Current portion of long-term debt -€7,747
down €7,747 (-88.7%), from €8,730 to €983
- Other debts -€7,038
down €7,038 (-13.6%), from €51,805 to €44,767
- Trade debts -€6,352
down €6,352 (-31.0%), from €20,509 to €14,157
- Tax, wage and social debts +€5,373
up €5,373 (+52.7%), from €10,195 to €15,568
of which Remuneration and social security: +€2,894
- Depreciation -€8,990
down €8,990 (-76.4%), from €11,761 to €2,771
- Gross operating margin -€7,229
down €7,229 (-10.0%), from €72,651 to €65,422
- Staff costs +€1,504
up €1,504 (+3.1%), from €48,463 to €49,968
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 | €170,046 | €161,137 | -€8,908 | -5.2% |
| Fixed assets | 21/28 | €8,220 | €7,123 | -€1,096 | -13.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €5,840 | €4,743 | -€1,096 | -18.8% |
| Plant, machinery and equipment | 23 | €2,005 | €1,666 | -€338 | -16.9% |
| Furniture and vehicles | 24 | €3,835 | €3,077 | -€758 | -19.8% |
| Financial fixed assets | 28 | €2,380 | €2,380 | = | 0.0% |
| Current assets | 29/58 | €161,826 | €154,014 | -€7,812 | -4.8% |
| Stocks and contracts in progress | 3 | €44,625 | €39,625 | -€5,000 | -11.2% |
| Stocks | 30/36 | €4,619 | €4,619 | = | 0.0% |
| Contracts in progress | 37 | €40,006 | €35,006 | -€5,000 | -12.5% |
| Amounts receivable within one year | 40/41 | €68,500 | €57,058 | -€11,442 | -16.7% |
| Trade receivables | 40 | €48,343 | €26,779 | -€21,564 | -44.6% |
| Other amounts receivable | 41 | €20,157 | €30,279 | +€10,122 | +50.2% |
| Cash at bank and in hand | 54/58 | €44,496 | €52,283 | +€7,788 | +17.5% |
| Deferred charges and accrued income | 490/1 | €4,205 | €5,048 | +€842 | +20.0% |
| Total equity and liabilities | 10/49 | €170,046 | €161,137 | -€8,908 | -5.2% |
| Equity | 10/15 | €77,762 | €85,662 | +€7,900 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,860 | €27,860 | = | 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 | €26,000 | €26,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,302 | €39,202 | +€7,900 | +25.2% |
| Amounts payable | 17/49 | €92,283 | €75,475 | -€16,808 | -18.2% |
| Amounts payable after more than one year | 17 | €1,044 | €0 | -€1,044 | -100% |
| Financial debts | 170/4 | €1,044 | €0 | -€1,044 | -100% |
| Amounts payable within one year | 42/48 | €91,239 | €75,475 | -€15,764 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €8,730 | €983 | -€7,747 | -88.7% |
| Trade debts | 44 | €20,509 | €14,157 | -€6,352 | -31.0% |
| Suppliers | 440/4 | €20,509 | €14,157 | -€6,352 | -31.0% |
| Taxes, remuneration and social security | 45 | €10,195 | €15,568 | +€5,373 | +52.7% |
| Taxes | 450/3 | €6,528 | €9,007 | +€2,479 | +38.0% |
| Remuneration and social security | 454/9 | €3,668 | €6,562 | +€2,894 | +78.9% |
| Other amounts payable | 47/48 | €51,805 | €44,767 | -€7,038 | -13.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €48,463 | €49,968 | +€1,504 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,761 | €2,771 | -€8,990 | -76.4% |
| Other operating charges | 640/8 | €1,302 | €910 | -€392 | -30.1% |
| Non-recurring operating charges | 66A | - | €830 | +€830 | |
| Gross operating margin | 9900 | €72,651 | €65,422 | -€7,229 | -10.0% |
| Operating profit (loss) | 9901 | €11,125 | €10,943 | -€182 | -1.6% |
| Financial income | 75/76B | €3 | €1 | -€2 | -65.4% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -65.4% |
| Financial charges | 65/66B | €982 | €899 | -€83 | -8.5% |
| Recurring financial charges | 65 | €982 | €899 | -€83 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €10,145 | €10,044 | -€101 | -1.0% |
| Income taxes | 67/77 | €2,685 | €2,144 | -€540 | -20.1% |
| Profit (loss) for the period | 9904 | €7,460 | €7,900 | +€440 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,460 | €7,900 | +€440 | +5.9% |
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 5 November 2026 via checked.be.