FM 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.
FM RENOVATION
Largest movements
- Receivables within one year -€316,737
down €316,737 (-73.1%), from €433,549 to €116,811
of which Trade receivables: -€307,044
- Deferred charges and accrued income -€27,300
down €27,300 (-49.8%), from €54,800 to €27,500
- Cash +€11,749
up €11,749 (+40.2%), from €29,215 to €40,964
mainly Receivables within one year (+€316,737) and Deferred charges and accrued income (+€27,300)
- Tangible fixed assets -€8,299
down €8,299 (-35.7%), from €23,217 to €14,919
of which Leasing and similar rights: -€5,094
- Trade debts -€320,146
down €320,146 (-69.1%), from €463,150 to €143,004
- Profit (loss) carried forward -€9,230
down €9,230 (-25.0%), from €36,935 to €27,705
- Tax, wage and social debts -€7,296
down €7,296 (-47.2%), from €15,456 to €8,160
of which Taxes: -€9,350
- Staff costs -€18,856
down €18,856 (-56.3%), from €33,483 to €14,627
- Gross operating margin +€15,156
up €15,156 (+191%), from €7,938 to €23,095
- Depreciation -€7,784
down €7,784 (-48.4%), from €16,083 to €8,299
- Financial charges -€438
down €438 (-12.8%), from €3,436 to €2,998
- Other operating charges +€421
up €421 (+7.4%), from €5,708 to €6,129
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 | €541,931 | €201,344 | -€340,587 | -62.8% |
| Fixed assets | 21/28 | €24,367 | €16,069 | -€8,299 | -34.1% |
| Tangible fixed assets | 22/27 | €23,217 | €14,919 | -€8,299 | -35.7% |
| Plant, machinery and equipment | 23 | €382 | - | -€382 | |
| Furniture and vehicles | 24 | €2,823 | - | -€2,823 | |
| Leasing and similar rights | 25 | €20,013 | €14,919 | -€5,094 | -25.5% |
| Financial fixed assets | 28 | €1,150 | €1,150 | = | 0.0% |
| Current assets | 29/58 | €517,564 | €185,275 | -€332,288 | -64.2% |
| Amounts receivable within one year | 40/41 | €433,549 | €116,811 | -€316,737 | -73.1% |
| Trade receivables | 40 | €413,094 | €106,050 | -€307,044 | -74.3% |
| Other amounts receivable | 41 | €20,454 | €10,761 | -€9,693 | -47.4% |
| Cash at bank and in hand | 54/58 | €29,215 | €40,964 | +€11,749 | +40.2% |
| Deferred charges and accrued income | 490/1 | €54,800 | €27,500 | -€27,300 | -49.8% |
| Total equity and liabilities | 10/49 | €541,931 | €201,344 | -€340,587 | -62.8% |
| Equity | 10/15 | €49,931 | €40,701 | -€9,230 | -18.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €596 | €596 | = | 0.0% |
| Non-distributable reserves | 130/1 | €596 | €596 | = | 0.0% |
| Reserves not available under the articles | 1311 | €596 | €596 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,935 | €27,705 | -€9,230 | -25.0% |
| Amounts payable | 17/49 | €492,000 | €160,644 | -€331,357 | -67.3% |
| Amounts payable after more than one year | 17 | €9,479 | €5,331 | -€4,148 | -43.8% |
| Financial debts | 170/4 | €9,479 | €5,331 | -€4,148 | -43.8% |
| Amounts payable within one year | 42/48 | €482,482 | €155,313 | -€327,170 | -67.8% |
| Current portion of amounts payable after more than one year | 42 | €3,877 | €4,148 | +€272 | +7.0% |
| Trade debts | 44 | €463,150 | €143,004 | -€320,146 | -69.1% |
| Suppliers | 440/4 | €463,150 | €143,004 | -€320,146 | -69.1% |
| Taxes, remuneration and social security | 45 | €15,456 | €8,160 | -€7,296 | -47.2% |
| Taxes | 450/3 | €11,697 | €2,347 | -€9,350 | -79.9% |
| Remuneration and social security | 454/9 | €3,759 | €5,813 | +€2,054 | +54.6% |
| Accrued charges and deferred income | 492/3 | €38 | - | -€38 | |
| Remuneration, social security and pensions | 62 | €33,483 | €14,627 | -€18,856 | -56.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,083 | €8,299 | -€7,784 | -48.4% |
| Other operating charges | 640/8 | €5,708 | €6,129 | +€421 | +7.4% |
| Gross operating margin | 9900 | €7,938 | €23,095 | +€15,156 | +191% |
| Operating profit (loss) | 9901 | -€47,335 | -€5,960 | +€41,375 | +87.4% |
| Financial income | 75/76B | €344 | €445 | +€101 | +29.5% |
| Recurring financial income | 75 | €344 | €445 | +€101 | +29.5% |
| Financial charges | 65/66B | €3,436 | €2,998 | -€438 | -12.8% |
| Recurring financial charges | 65 | €3,436 | €2,998 | -€438 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€50,428 | -€8,513 | +€41,914 | +83.1% |
| Income taxes | 67/77 | €704 | €717 | +€13 | +1.8% |
| Profit (loss) for the period | 9904 | -€51,132 | -€9,230 | +€41,902 | +81.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,132 | -€9,230 | +€41,902 | +81.9% |
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 31 October 2026 via checked.be.