DAVID 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.
DAVID RENOV
Largest movements
- Receivables within one year +€19,734
up €19,734 (+89.2%), from €22,115 to €41,849
of which Other amounts receivable: +€16,467
- Cash -€5,988
down €5,988 (-99.3%), from €6,030 to €42
mainly Receivables within one year (-€19,734) and Tax, wage and social debts (-€341)
- Tangible fixed assets -€1,032
no longer reported in 2024 (was €1,032)
- Trade debts +€6,928
up €6,928 (+123%), from €5,640 to €12,568
of which Suppliers: +€4,158
- Profit (loss) carried forward +€6,127
up €6,127 (+34.0%), from €18,009 to €24,137
- Turnover -€68,440
down €68,440 (-45.6%), from €150,073 to €81,634
- Purchases and services -€63,592
down €63,592 (-46.6%), from €136,362 to €72,769
- Gross operating margin -€4,848
down €4,848 (-35.4%), from €13,712 to €8,864
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 | €29,177 | €41,891 | +€12,715 | +43.6% |
| Fixed assets | 21/28 | €1,032 | - | -€1,032 | |
| Tangible fixed assets | 22/27 | €1,032 | - | -€1,032 | |
| Furniture and vehicles | 24 | €1,032 | - | -€1,032 | |
| Current assets | 29/58 | €28,145 | €41,891 | +€13,746 | +48.8% |
| Amounts receivable within one year | 40/41 | €22,115 | €41,849 | +€19,734 | +89.2% |
| Trade receivables | 40 | €4,086 | €7,353 | +€3,267 | +80.0% |
| Other amounts receivable | 41 | €18,029 | €34,496 | +€16,467 | +91.3% |
| Cash at bank and in hand | 54/58 | €6,030 | €42 | -€5,988 | -99.3% |
| Total equity and liabilities | 10/49 | €29,177 | €41,891 | +€12,715 | +43.6% |
| Equity | 10/15 | €19,009 | €25,137 | +€6,127 | +32.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,009 | €24,137 | +€6,127 | +34.0% |
| Amounts payable | 17/49 | €10,167 | €16,754 | +€6,587 | +64.8% |
| Amounts payable within one year | 42/48 | €10,167 | €16,754 | +€6,587 | +64.8% |
| Trade debts | 44 | €5,640 | €12,568 | +€6,928 | +123% |
| Suppliers | 440/4 | €1,850 | €6,008 | +€4,158 | +225% |
| Bills of exchange payable | 441 | €3,790 | €6,560 | +€2,770 | +73.1% |
| Taxes, remuneration and social security | 45 | €4,527 | €4,186 | -€341 | -7.5% |
| Taxes | 450/3 | €4,527 | €4,186 | -€341 | -7.5% |
| Turnover | 70 | €150,073 | €81,634 | -€68,440 | -45.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €136,362 | €72,769 | -€63,592 | -46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,601 | €1,032 | -€570 | -35.6% |
| Other operating charges | 640/8 | €21 | €29 | +€7 | +34.1% |
| Gross operating margin | 9900 | €13,712 | €8,864 | -€4,848 | -35.4% |
| Operating profit (loss) | 9901 | €12,089 | €7,804 | -€4,285 | -35.4% |
| Financial charges | 65/66B | €1,063 | €137 | -€926 | -87.1% |
| Recurring financial charges | 65 | €1,063 | €137 | -€926 | -87.1% |
| Profit (loss) for the period before taxes | 9903 | €11,026 | €7,666 | -€3,359 | -30.5% |
| Income taxes | 67/77 | €2,209 | €1,539 | -€670 | -30.3% |
| Profit (loss) for the period | 9904 | €8,816 | €6,127 | -€2,689 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,816 | €6,127 | -€2,689 | -30.5% |
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 28 October 2026 via checked.be.