LK Rénov: 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.
LK Rénov
Largest movements
- Receivables within one year +€127,197
up €127,197 (+139%), from €91,732 to €218,929
of which Trade receivables: +€92,654
- Tangible fixed assets +€8,461
up €8,461 (+53.2%), from €15,907 to €24,368
of which Plant, machinery and equipment: +€4,588
- Deferred charges and accrued income +€2,496
up €2,496 (+11,746%), from €21 to €2,517
- Trade debts +€54,697
up €54,697 (+328%), from €16,700 to €71,397
- Tax, wage and social debts +€50,401
up €50,401 (+190%), from €26,557 to €76,957
of which Remuneration and social security: +€34,253
- Profit (loss) carried forward +€48,101
up €48,101 (+147%), from €32,622 to €80,723
- Accrued charges and deferred income -€8,754
down €8,754 (-87.7%), from €9,977 to €1,223
- Debts after one year -€8,685
down €8,685 (-65.7%), from €13,228 to €4,543
- Gross operating margin +€60,323
up €60,323 (+39.7%), from €151,811 to €212,134
- Staff costs +€29,974
up €29,974 (+29.5%), from €101,467 to €131,441
- Taxes +€6,918
up €6,918 (+79.5%), from €8,698 to €15,616
- Depreciation +€3,977
up €3,977 (+90.5%), from €4,395 to €8,372
- Other operating charges +€2,468
up €2,468 (+255%), from €969 to €3,437
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 | €110,261 | €246,528 | +€136,268 | +124% |
| Fixed assets | 21/28 | €15,907 | €24,368 | +€8,461 | +53.2% |
| Tangible fixed assets | 22/27 | €15,907 | €24,368 | +€8,461 | +53.2% |
| Plant, machinery and equipment | 23 | €12,299 | €16,887 | +€4,588 | +37.3% |
| Furniture and vehicles | 24 | €3,607 | €7,481 | +€3,873 | +107% |
| Current assets | 29/58 | €94,354 | €222,161 | +€127,807 | +135% |
| Amounts receivable within one year | 40/41 | €91,732 | €218,929 | +€127,197 | +139% |
| Trade receivables | 40 | €15,082 | €107,736 | +€92,654 | +614% |
| Other amounts receivable | 41 | €76,650 | €111,193 | +€34,543 | +45.1% |
| Cash at bank and in hand | 54/58 | €2,600 | €714 | -€1,886 | -72.5% |
| Deferred charges and accrued income | 490/1 | €21 | €2,517 | +€2,496 | +11,746% |
| Total equity and liabilities | 10/49 | €110,261 | €246,528 | +€136,268 | +124% |
| Equity | 10/15 | €35,622 | €83,723 | +€48,101 | +135% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,622 | €80,723 | +€48,101 | +147% |
| Amounts payable | 17/49 | €74,639 | €162,805 | +€88,167 | +118% |
| Amounts payable after more than one year | 17 | €13,228 | €4,543 | -€8,685 | -65.7% |
| Financial debts | 170/4 | €13,228 | €4,543 | -€8,685 | -65.7% |
| Amounts payable within one year | 42/48 | €51,434 | €157,039 | +€105,605 | +205% |
| Current portion of amounts payable after more than one year | 42 | €8,178 | €8,685 | +€507 | +6.2% |
| Trade debts | 44 | €16,700 | €71,397 | +€54,697 | +328% |
| Suppliers | 440/4 | €16,700 | €71,397 | +€54,697 | +328% |
| Taxes, remuneration and social security | 45 | €26,557 | €76,957 | +€50,401 | +190% |
| Taxes | 450/3 | €11,885 | €28,033 | +€16,148 | +136% |
| Remuneration and social security | 454/9 | €14,671 | €48,924 | +€34,253 | +233% |
| Accrued charges and deferred income | 492/3 | €9,977 | €1,223 | -€8,754 | -87.7% |
| Remuneration, social security and pensions | 62 | €101,467 | €131,441 | +€29,974 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,395 | €8,372 | +€3,977 | +90.5% |
| Other operating charges | 640/8 | €969 | €3,437 | +€2,468 | +255% |
| Gross operating margin | 9900 | €151,811 | €212,134 | +€60,323 | +39.7% |
| Operating profit (loss) | 9901 | €44,980 | €68,884 | +€23,903 | +53.1% |
| Financial income | 75/76B | €4 | €26 | +€22 | +635% |
| Recurring financial income | 75 | €4 | €26 | +€22 | +635% |
| Financial charges | 65/66B | €3,664 | €5,193 | +€1,529 | +41.7% |
| Recurring financial charges | 65 | €3,664 | €5,193 | +€1,529 | +41.7% |
| Profit (loss) for the period before taxes | 9903 | €41,320 | €63,717 | +€22,397 | +54.2% |
| Income taxes | 67/77 | €8,698 | €15,616 | +€6,918 | +79.5% |
| Profit (loss) for the period | 9904 | €32,622 | €48,101 | +€15,479 | +47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,622 | €48,101 | +€15,479 | +47.5% |
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 28 October 2026 via checked.be.