JM RENOVA: 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.
JM RENOVA
Largest movements
- Receivables within one year -€73,536
down €73,536 (-38.1%), from €192,844 to €119,308
of which Trade receivables: -€71,504
- Cash -€21,880
down €21,880 (-85.9%), from €25,465 to €3,585
mainly Net result for the year (-€70,291) and Trade debts (-€26,841)
- Stocks and contracts -€4,029
no longer reported in 2023 (was €4,029)
- Tangible fixed assets -€3,842
down €3,842 (-47.6%), from €8,073 to €4,231
of which Leasing and similar rights: -€5,205
- Profit (loss) carried forward -€70,291
down €70,291 (-65.4%), from €107,422 to €37,130
- Trade debts -€26,841
down €26,841 (-36.2%), from €74,242 to €47,401
- Tax, wage and social debts -€4,539
down €4,539 (-67.3%), from €6,743 to €2,204
- Current portion of long-term debt -€3,761
no longer reported in 2023 (was €3,761)
- Gross operating margin -€61,912
down €61,912 (-1,995%), from -€3,103 to -€65,015
- Other operating charges -€6,769
down €6,769 (-85.3%), from €7,933 to €1,164
- Depreciation -€5,171
down €5,171 (-57.4%), from €9,013 to €3,842
- Financial charges -€1,307
down €1,307 (-81.9%), from €1,597 to €290
From the 31-03-2023 result to the 31-12-2023 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
Derived from the 31-03-2023 and 31-12-2023 balance sheets and the 31-12-2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-03-2023 | 31-12-2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €237,728 | €132,301 | -€105,427 | -44.3% |
| Fixed assets | 21/28 | €12,573 | €8,731 | -€3,842 | -30.6% |
| Tangible fixed assets | 22/27 | €8,073 | €4,231 | -€3,842 | -47.6% |
| Plant, machinery and equipment | 23 | €295 | - | -€295 | |
| Furniture and vehicles | 24 | €2,573 | €4,231 | +€1,658 | +64.4% |
| Leasing and similar rights | 25 | €5,205 | - | -€5,205 | |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €225,155 | €123,570 | -€101,586 | -45.1% |
| Stocks and contracts in progress | 3 | €4,029 | - | -€4,029 | |
| Stocks | 30/36 | €4,029 | - | -€4,029 | |
| Amounts receivable within one year | 40/41 | €192,844 | €119,308 | -€73,536 | -38.1% |
| Trade receivables | 40 | €141,899 | €70,395 | -€71,504 | -50.4% |
| Other amounts receivable | 41 | €50,945 | €48,913 | -€2,032 | -4.0% |
| Cash at bank and in hand | 54/58 | €25,465 | €3,585 | -€21,880 | -85.9% |
| Deferred charges and accrued income | 490/1 | €2,818 | €677 | -€2,141 | -76.0% |
| Total equity and liabilities | 10/49 | €237,728 | €132,301 | -€105,427 | -44.3% |
| Equity | 10/15 | €152,982 | €82,690 | -€70,291 | -45.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €39,360 | €39,360 | = | 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 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,422 | €37,130 | -€70,291 | -65.4% |
| Amounts payable | 17/49 | €84,746 | €49,611 | -€35,136 | -41.5% |
| Amounts payable within one year | 42/48 | €84,746 | €49,611 | -€35,136 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €3,761 | - | -€3,761 | |
| Financial debts | 43 | - | €5 | +€5 | |
| Credit institutions | 430/8 | - | €5 | +€5 | |
| Trade debts | 44 | €74,242 | €47,401 | -€26,841 | -36.2% |
| Suppliers | 440/4 | €74,242 | €47,401 | -€26,841 | -36.2% |
| Taxes, remuneration and social security | 45 | €6,743 | €2,204 | -€4,539 | -67.3% |
| Taxes | 450/3 | €6,743 | €2,204 | -€4,539 | -67.3% |
| Non-recurring operating income | 76A | €826 | - | -€826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,013 | €3,842 | -€5,171 | -57.4% |
| Other operating charges | 640/8 | €7,933 | €1,164 | -€6,769 | -85.3% |
| Non-recurring operating charges | 66A | €1 | - | -€1 | |
| Gross operating margin | 9900 | -€3,103 | -€65,015 | -€61,912 | -1,995% |
| Operating profit (loss) | 9901 | -€20,049 | -€70,020 | -€49,971 | -249% |
| Financial income | 75/76B | €1 | €19 | +€18 | +3,421% |
| Recurring financial income | 75 | €1 | €19 | +€18 | +3,421% |
| Financial charges | 65/66B | €1,597 | €290 | -€1,307 | -81.9% |
| Recurring financial charges | 65 | €1,597 | €290 | -€1,307 | -81.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,645 | -€70,291 | -€48,646 | -225% |
| Profit (loss) for the period | 9904 | -€21,645 | -€70,291 | -€48,646 | -225% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,645 | -€70,291 | -€48,646 | -225% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.