RE-NEW-VATIONS: 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.
RE-NEW-VATIONS
Largest movements
- Cash -€29,717
down €29,717 (-59.2%), from €50,232 to €20,515
mainly Net result for the year (-€23,389) and Receivables within one year (-€14,010)
- Receivables within one year +€14,010
up €14,010 (+180.5%), from €7,760 to €21,770
of which Trade receivables: +€13,247
- Deferred charges and accrued income -€10,575
down €10,575 (-89.8%), from €11,775 to €1,200
- Tangible fixed assets +€4,697
up €4,697 (+88.2%), from €5,323 to €10,020
of which Furniture and vehicles: +€5,857
- Profit (loss) carried forward -€23,389
down €23,389 (-35.7%), from €65,563 to €42,174
- Trade debts +€4,538
up €4,538 (+116.8%), from €3,884 to €8,422
- Advances received -€3,641
no longer reported in 2024 (was €3,641)
- Other debts +€907
up €907 (+314.1%), from €289 to €1,196
- Gross operating margin -€5,972
down €5,972 (-72.3%), from -€8,260 to -€14,232
- Write-downs +€3,200
new in 2024: €3,200
- Depreciation +€2,389
up €2,389 (+904.4%), from €264 to €2,653
- Financial charges +€1,119
up €1,119 (+144.5%), from €774 to €1,893
- Taxes -€1,110
no longer reported in 2024 (was €1,110)
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.
Cash bridge derived
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 | €75,690 | €54,105 | -€21,585 | -28.5% |
| Fixed assets | 21/28 | €5,923 | €10,620 | +€4,697 | +79.3% |
| Tangible fixed assets | 22/27 | €5,323 | €10,020 | +€4,697 | +88.2% |
| Plant, machinery and equipment | 23 | €5,323 | €4,163 | -€1,160 | -21.8% |
| Furniture and vehicles | 24 | - | €5,857 | +€5,857 | |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €69,767 | €43,485 | -€26,282 | -37.7% |
| Amounts receivable within one year | 40/41 | €7,760 | €21,770 | +€14,010 | +180.5% |
| Trade receivables | 40 | €7,440 | €20,688 | +€13,247 | +178.0% |
| Other amounts receivable | 41 | €320 | €1,083 | +€763 | +238.6% |
| Cash at bank and in hand | 54/58 | €50,232 | €20,515 | -€29,717 | -59.2% |
| Deferred charges and accrued income | 490/1 | €11,775 | €1,200 | -€10,575 | -89.8% |
| Total equity and liabilities | 10/49 | €75,690 | €54,105 | -€21,585 | -28.5% |
| Equity | 10/15 | €67,563 | €44,174 | -€23,389 | -34.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,563 | €42,174 | -€23,389 | -35.7% |
| Amounts payable | 17/49 | €8,126 | €9,930 | +€1,804 | +22.2% |
| Amounts payable within one year | 42/48 | €8,126 | €9,930 | +€1,804 | +22.2% |
| Trade debts | 44 | €3,884 | €8,422 | +€4,538 | +116.8% |
| Suppliers | 440/4 | €3,884 | €8,422 | +€4,538 | +116.8% |
| Advances received on contracts in progress | 46 | €3,641 | - | -€3,641 | |
| Taxes, remuneration and social security | 45 | €312 | €312 | = | 0.0% |
| Taxes | 450/3 | €312 | €312 | = | 0.0% |
| Other amounts payable | 47/48 | €289 | €1,196 | +€907 | +314.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €264 | €2,653 | +€2,389 | +904.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,200 | +€3,200 | |
| Other operating charges | 640/8 | €2,226 | €1,412 | -€814 | -36.6% |
| Gross operating margin | 9900 | -€8,260 | -€14,232 | -€5,972 | -72.3% |
| Operating profit (loss) | 9901 | -€10,750 | -€21,497 | -€10,746 | -100.0% |
| Financial income | 75/76B | €400 | - | -€400 | |
| Recurring financial income | 75 | €400 | - | -€400 | |
| Financial charges | 65/66B | €774 | €1,893 | +€1,119 | +144.5% |
| Recurring financial charges | 65 | €774 | €1,893 | +€1,119 | +144.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,124 | -€23,389 | -€12,265 | -110.3% |
| Income taxes | 67/77 | €1,110 | - | -€1,110 | |
| Profit (loss) for the period | 9904 | -€12,234 | -€23,389 | -€11,155 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,234 | -€23,389 | -€11,155 | -91.2% |
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 11 October 2026 via checked.be.