KVM 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.
KVM RENOV
Largest movements
- Receivables within one year -€30,692
down €30,692 (-99.0%), from €31,013 to €321
of which Trade receivables: -€30,805
- Cash -€24,329
down €24,329 (-88.3%), from €27,540 to €3,211
mainly Trade debts (-€26,413) and Contributions, distributions and other (-€15,000)
- Tangible fixed assets -€1,288
down €1,288 (-18.0%), from €7,161 to €5,873
of which Plant, machinery and equipment: -€671
- Trade debts -€26,413
down €26,413 (-99.2%), from €26,628 to €215
- Profit (loss) carried forward -€23,598
down €23,598, from €22,774 to -€824
- Tax, wage and social debts -€6,298
down €6,298 (-99.8%), from €6,312 to €14
- Gross operating margin -€10,594
down €10,594, from €3,480 to -€7,114
- Taxes -€614
no longer reported in 2023 (was €614)
- Other operating charges -€74
down €74 (-43.3%), from €171 to €97
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 | €65,714 | €9,405 | -€56,309 | -85.7% |
| Fixed assets | 21/28 | €7,161 | €5,873 | -€1,288 | -18.0% |
| Tangible fixed assets | 22/27 | €7,161 | €5,873 | -€1,288 | -18.0% |
| Plant, machinery and equipment | 23 | €2,316 | €1,645 | -€671 | -29.0% |
| Other tangible fixed assets | 26 | €4,845 | €4,228 | -€617 | -12.7% |
| Current assets | 29/58 | €58,553 | €3,532 | -€55,021 | -94.0% |
| Amounts receivable within one year | 40/41 | €31,013 | €321 | -€30,692 | -99.0% |
| Trade receivables | 40 | €31,013 | €208 | -€30,805 | -99.3% |
| Other amounts receivable | 41 | - | €113 | +€113 | |
| Cash at bank and in hand | 54/58 | €27,540 | €3,211 | -€24,329 | -88.3% |
| Total equity and liabilities | 10/49 | €65,714 | €9,405 | -€56,309 | -85.7% |
| Equity | 10/15 | €32,774 | €9,176 | -€23,598 | -72.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | - | -€10,000 | |
| Other | 1109/19 | €10,000 | - | -€10,000 | |
| Profit (loss) carried forward | 14 | €22,774 | -€824 | -€23,598 | |
| Amounts payable | 17/49 | €32,940 | €229 | -€32,711 | -99.3% |
| Amounts payable within one year | 42/48 | €32,940 | €229 | -€32,711 | -99.3% |
| Trade debts | 44 | €26,628 | €215 | -€26,413 | -99.2% |
| Suppliers | 440/4 | €26,628 | €215 | -€26,413 | -99.2% |
| Taxes, remuneration and social security | 45 | €6,312 | €14 | -€6,298 | -99.8% |
| Taxes | 450/3 | €6,312 | €14 | -€6,298 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,217 | €1,288 | +€71 | +5.8% |
| Other operating charges | 640/8 | €171 | €97 | -€74 | -43.3% |
| Gross operating margin | 9900 | €3,480 | -€7,114 | -€10,594 | |
| Operating profit (loss) | 9901 | €2,092 | -€8,499 | -€10,591 | |
| Financial income | 75/76B | €44 | €14 | -€30 | -68.2% |
| Recurring financial income | 75 | €44 | €14 | -€30 | -68.2% |
| Financial charges | 65/66B | €69 | €113 | +€44 | +63.8% |
| Recurring financial charges | 65 | €69 | €113 | +€44 | +63.8% |
| Profit (loss) for the period before taxes | 9903 | €2,067 | -€8,598 | -€10,665 | |
| Income taxes | 67/77 | €614 | - | -€614 | |
| Profit (loss) for the period | 9904 | €1,453 | -€8,598 | -€10,051 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,453 | -€8,598 | -€10,051 |
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 15 October 2026 via checked.be.