NEW 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.
NEW RENOV
Largest movements
- Cash -€39,809
down €39,809 (-43.2%), from €92,113 to €52,304
mainly Net result for the year (-€125,015) and Investment in fixed assets (net) (-€53,587)
- Receivables within one year +€9,827
up €9,827 (+70.5%), from €13,933 to €23,759
of which Trade receivables: +€6,039
- Tangible fixed assets +€9,198
up €9,198 (+5.0%), from €183,492 to €192,690
of which Other tangible fixed assets: +€17,709
- Stocks and contracts +€5,721
up €5,721 (+48.4%), from €11,814 to €17,536
- Deferred charges and accrued income -€3,771
down €3,771 (-75.8%), from €4,977 to €1,206
- Profit (loss) carried forward -€125,015
down €125,015 (-26.2%), from -€477,123 to -€602,137
- Other debts +€76,225
up €76,225 (+15.0%), from €509,336 to €585,561
- Tax, wage and social debts +€23,616
up €23,616 (+25.0%), from €94,524 to €118,140
of which Taxes: +€36,292
- Accrued charges and deferred income +€3,995
new in 2024: €3,995
- Staff costs -€250,452
down €250,452 (-35.2%), from €712,195 to €461,744
- Gross operating margin -€107,205
down €107,205 (-19.5%), from €550,662 to €443,457
- Financial charges +€15,125
up €15,125 (+464%), from €3,259 to €18,384
- Other operating charges +€9,189
up €9,189 (+864%), from €1,063 to €10,252
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 | €306,988 | €288,154 | -€18,834 | -6.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €184,151 | €193,350 | +€9,198 | +5.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €183,492 | €192,690 | +€9,198 | +5.0% |
| Plant, machinery and equipment | 23 | €149,993 | €142,108 | -€7,885 | -5.3% |
| Furniture and vehicles | 24 | €33,499 | €32,873 | -€625 | -1.9% |
| Other tangible fixed assets | 26 | €0 | €17,709 | +€17,709 | |
| Financial fixed assets | 28 | €660 | €660 | = | 0.0% |
| Current assets | 29/58 | €122,836 | €94,805 | -€28,032 | -22.8% |
| Stocks and contracts in progress | 3 | €11,814 | €17,536 | +€5,721 | +48.4% |
| Stocks | 30/36 | €11,814 | €17,536 | +€5,721 | +48.4% |
| Amounts receivable within one year | 40/41 | €13,933 | €23,759 | +€9,827 | +70.5% |
| Trade receivables | 40 | €10,846 | €16,885 | +€6,039 | +55.7% |
| Other amounts receivable | 41 | €3,087 | €6,875 | +€3,788 | +123% |
| Cash at bank and in hand | 54/58 | €92,113 | €52,304 | -€39,809 | -43.2% |
| Deferred charges and accrued income | 490/1 | €4,977 | €1,206 | -€3,771 | -75.8% |
| Total equity and liabilities | 10/49 | €306,988 | €288,154 | -€18,834 | -6.1% |
| Equity | 10/15 | -€414,623 | -€539,637 | -€125,015 | -30.2% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€477,123 | -€602,137 | -€125,015 | -26.2% |
| Amounts payable | 17/49 | €721,611 | €827,792 | +€106,181 | +14.7% |
| Amounts payable within one year | 42/48 | €721,611 | €823,797 | +€102,186 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €10,935 | €10,565 | -€370 | -3.4% |
| Trade debts | 44 | €106,816 | €109,532 | +€2,716 | +2.5% |
| Suppliers | 440/4 | €106,816 | €109,532 | +€2,716 | +2.5% |
| Taxes, remuneration and social security | 45 | €94,524 | €118,140 | +€23,616 | +25.0% |
| Taxes | 450/3 | €6,470 | €42,762 | +€36,292 | +561% |
| Remuneration and social security | 454/9 | €88,053 | €75,378 | -€12,676 | -14.4% |
| Other amounts payable | 47/48 | €509,336 | €585,561 | +€76,225 | +15.0% |
| Accrued charges and deferred income | 492/3 | - | €3,995 | +€3,995 | |
| Remuneration, social security and pensions | 62 | €712,195 | €461,744 | -€250,452 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,786 | €44,388 | +€1,602 | +3.7% |
| Other operating charges | 640/8 | €1,063 | €10,252 | +€9,189 | +864% |
| Non-recurring operating charges | 66A | €6,220 | €34,323 | +€28,103 | +452% |
| Gross operating margin | 9900 | €550,662 | €443,457 | -€107,205 | -19.5% |
| Operating profit (loss) | 9901 | -€211,602 | -€107,249 | +€104,353 | +49.3% |
| Financial income | 75/76B | €150 | €756 | +€606 | +403% |
| Recurring financial income | 75 | €150 | €756 | +€606 | +403% |
| Financial charges | 65/66B | €3,259 | €18,384 | +€15,125 | +464% |
| Recurring financial charges | 65 | €3,259 | €18,384 | +€15,125 | +464% |
| Profit (loss) for the period before taxes | 9903 | -€214,710 | -€124,877 | +€89,833 | +41.8% |
| Income taxes | 67/77 | €101 | €137 | +€37 | +36.7% |
| Profit (loss) for the period | 9904 | -€214,811 | -€125,015 | +€89,796 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€214,811 | -€125,015 | +€89,796 | +41.8% |
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.