FP 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.
FP RENOV
Largest movements
- Receivables within one year -€27,589
down €27,589 (-29.8%), from €92,695 to €65,106
of which Trade receivables: -€43,219
- Deferred charges and accrued income -€2,751
no longer reported in 2023 (was €2,751)
- Cash +€1,724
up €1,724 (+10.1%), from €17,048 to €18,772
- Other debts -€52,831
no longer reported in 2023 (was €52,831)
- Profit (loss) carried forward +€44,028
up €44,028 (+88.1%), from €49,961 to €93,989
- Tax, wage and social debts -€7,023
no longer reported in 2023 (was €7,023)
- Trade debts -€6,590
no longer reported in 2023 (was €6,590)
- Contributions -€6,200
no longer reported in 2023 (was €6,200)
- Turnover +€250,734
new in 2023: €250,734
- Purchases and services +€188,384
new in 2023: €188,384
- Gross operating margin +€38,436
up €38,436 (+161%), from €23,914 to €62,350
- Staff costs +€18,322
new in 2023: €18,322
- Depreciation -€6,610
no longer reported in 2023 (was €6,610)
From the 2021 result to the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,465 | €95,849 | -€28,616 | -23.0% |
| Fixed assets | 21/28 | €11,971 | €11,971 | = | 0.0% |
| Tangible fixed assets | 22/27 | €11,771 | €11,771 | = | 0.0% |
| Furniture and vehicles | 24 | €11,771 | €11,771 | = | 0.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €112,494 | €83,878 | -€28,616 | -25.4% |
| Amounts receivable within one year | 40/41 | €92,695 | €65,106 | -€27,589 | -29.8% |
| Trade receivables | 40 | €89,717 | €46,498 | -€43,219 | -48.2% |
| Other amounts receivable | 41 | €2,978 | €18,608 | +€15,630 | +525% |
| Cash at bank and in hand | 54/58 | €17,048 | €18,772 | +€1,724 | +10.1% |
| Deferred charges and accrued income | 490/1 | €2,751 | - | -€2,751 | |
| Total equity and liabilities | 10/49 | €124,465 | €95,849 | -€28,616 | -23.0% |
| Equity | 10/15 | €58,021 | €95,849 | +€37,828 | +65.2% |
| Contributions | 10/11 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €49,961 | €93,989 | +€44,028 | +88.1% |
| Amounts payable | 17/49 | €66,444 | - | -€66,444 | |
| Amounts payable within one year | 42/48 | €66,444 | - | -€66,444 | |
| Trade debts | 44 | €6,590 | - | -€6,590 | |
| Bills of exchange payable | 441 | €6,590 | - | -€6,590 | |
| Taxes, remuneration and social security | 45 | €7,023 | - | -€7,023 | |
| Taxes | 450/3 | €7,023 | - | -€7,023 | |
| Other amounts payable | 47/48 | €52,831 | - | -€52,831 | |
| Turnover | 70 | - | €250,734 | +€250,734 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €188,384 | +€188,384 | |
| Remuneration, social security and pensions | 62 | - | €18,322 | +€18,322 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,610 | - | -€6,610 | |
| Other operating charges | 640/8 | €1,715 | - | -€1,715 | |
| Gross operating margin | 9900 | €23,914 | €62,350 | +€38,436 | +161% |
| Operating profit (loss) | 9901 | €15,589 | €44,028 | +€28,439 | +182% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €3,864 | - | -€3,864 | |
| Recurring financial charges | 65 | €2,969 | - | -€2,969 | |
| Non-recurring financial charges | 66B | €895 | - | -€895 | |
| Profit (loss) for the period before taxes | 9903 | €11,734 | €44,028 | +€32,294 | +275% |
| Profit (loss) for the period | 9904 | €11,734 | €44,028 | +€32,294 | +275% |
| Profit (loss) for the period to be appropriated | 9905 | €11,734 | €44,028 | +€32,294 | +275% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.