K-RENOVE: 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.
K-RENOVE
Largest movements
- Tangible fixed assets -€6,209
down €6,209 (-23.4%), from €26,579 to €20,370
- Receivables within one year +€4,862
up €4,862 (+94.9%), from €5,121 to €9,982
of which Other amounts receivable: +€4,749
- Deferred charges and accrued income +€1,491
up €1,491 (+183%), from €813 to €2,304
- Profit (loss) carried forward +€5,000
up €5,000 (+27.6%), from €18,133 to €23,133
- Debts after one year -€4,976
down €4,976 (-29.5%), from €16,881 to €11,905
- Tax, wage and social debts +€1,990
up €1,990 (+170%), from €1,170 to €3,160
- Trade debts -€1,642
down €1,642 (-67.8%), from €2,421 to €779
- Depreciation +€1,744
up €1,744 (+39.1%), from €4,465 to €6,209
- Taxes +€983
up €983 (+145%), from €676 to €1,659
- Gross operating margin -€758
down €758 (-5.5%), from €13,757 to €12,999
- Financial income +€358
up €358 (+216%), from €166 to €524
of which Non-recurring financial income: +€524
- Other operating charges +€148
up €148 (+133%), from €112 to €260
From the 2022 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
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,503 | €49,001 | +€498 | +1.0% |
| Fixed assets | 21/28 | €26,579 | €20,370 | -€6,209 | -23.4% |
| Tangible fixed assets | 22/27 | €26,579 | €20,370 | -€6,209 | -23.4% |
| Furniture and vehicles | 24 | €26,579 | €20,370 | -€6,209 | -23.4% |
| Current assets | 29/58 | €21,924 | €28,631 | +€6,707 | +30.6% |
| Amounts receivable within one year | 40/41 | €5,121 | €9,982 | +€4,862 | +94.9% |
| Trade receivables | 40 | €326 | €439 | +€113 | +34.6% |
| Other amounts receivable | 41 | €4,794 | €9,543 | +€4,749 | +99.0% |
| Cash at bank and in hand | 54/58 | €15,990 | €16,345 | +€355 | +2.2% |
| Deferred charges and accrued income | 490/1 | €813 | €2,304 | +€1,491 | +183% |
| Total equity and liabilities | 10/49 | €48,503 | €49,001 | +€498 | +1.0% |
| Equity | 10/15 | €23,133 | €28,133 | +€5,000 | +21.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,133 | €23,133 | +€5,000 | +27.6% |
| Amounts payable | 17/49 | €25,370 | €20,868 | -€4,502 | -17.7% |
| Amounts payable after more than one year | 17 | €16,881 | €11,905 | -€4,976 | -29.5% |
| Financial debts | 170/4 | €16,881 | €11,905 | -€4,976 | -29.5% |
| Amounts payable within one year | 42/48 | €8,489 | €8,915 | +€426 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €4,898 | €4,976 | +€78 | +1.6% |
| Trade debts | 44 | €2,421 | €779 | -€1,642 | -67.8% |
| Suppliers | 440/4 | €2,421 | €779 | -€1,642 | -67.8% |
| Taxes, remuneration and social security | 45 | €1,170 | €3,160 | +€1,990 | +170% |
| Taxes | 450/3 | €1,170 | €3,160 | +€1,990 | +170% |
| Accrued charges and deferred income | 492/3 | - | €48 | +€48 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,465 | €6,209 | +€1,744 | +39.1% |
| Other operating charges | 640/8 | €112 | €260 | +€148 | +133% |
| Gross operating margin | 9900 | €13,757 | €12,999 | -€758 | -5.5% |
| Operating profit (loss) | 9901 | €9,180 | €6,530 | -€2,650 | -28.9% |
| Financial income | 75/76B | €166 | €524 | +€358 | +216% |
| Recurring financial income | 75 | €166 | €524 | +€358 | +216% |
| Non-recurring financial income | 76B | - | €524 | +€524 | |
| Financial charges | 65/66B | €367 | €395 | +€28 | +7.7% |
| Recurring financial charges | 65 | €367 | €395 | +€28 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €8,979 | €6,659 | -€2,320 | -25.8% |
| Income taxes | 67/77 | €676 | €1,659 | +€983 | +145% |
| Profit (loss) for the period | 9904 | €8,303 | €5,000 | -€3,303 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,303 | €5,000 | -€3,303 | -39.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 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.