RENAERS-MERKEN: 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.
RENAERS-MERKEN
Largest movements
- Cash -€18,971
down €18,971 (-100.0%), from €18,973 to €2
mainly Net result for the year (-€31,878) and Tax, wage and social debts (-€7,209)
- Tangible fixed assets -€7,523
down €7,523 (-39.8%), from €18,904 to €11,381
of which Furniture and vehicles: -€7,231
- Deferred charges and accrued income -€4,144
no longer reported in 2024 (was €4,144)
- Stocks and contracts -€1,616
no longer reported in 2024 (was €1,616)
- Receivables within one year +€642
up €642 (+6.8%), from €9,404 to €10,046
of which Other amounts receivable: +€469
- Profit (loss) carried forward -€31,878
down €31,878 (-415%), from -€7,679 to -€39,557
- Tax, wage and social debts -€7,209
down €7,209 (-49.9%), from €14,449 to €7,240
- Advances received +€6,789
new in 2024: €6,789
- Debts after one year -€4,329
down €4,329 (-44.0%), from €9,834 to €5,505
- Trade debts +€2,972
up €2,972 (+19.0%), from €15,635 to €18,607
- Gross operating margin -€30,423
down €30,423, from €6,683 to -€23,741
- Other operating charges -€1,730
down €1,730 (-92.1%), from €1,878 to €148
- Financial charges -€408
down €408 (-42.3%), from €965 to €557
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 | €53,041 | €21,429 | -€31,613 | -59.6% |
| Fixed assets | 21/28 | €18,904 | €11,381 | -€7,523 | -39.8% |
| Tangible fixed assets | 22/27 | €18,904 | €11,381 | -€7,523 | -39.8% |
| Plant, machinery and equipment | 23 | €293 | - | -€293 | |
| Furniture and vehicles | 24 | €18,611 | €11,381 | -€7,231 | -38.9% |
| Current assets | 29/58 | €34,137 | €10,048 | -€24,089 | -70.6% |
| Stocks and contracts in progress | 3 | €1,616 | - | -€1,616 | |
| Stocks | 30/36 | €1,616 | - | -€1,616 | |
| Amounts receivable within one year | 40/41 | €9,404 | €10,046 | +€642 | +6.8% |
| Trade receivables | 40 | €6,789 | €6,961 | +€173 | +2.5% |
| Other amounts receivable | 41 | €2,616 | €3,085 | +€469 | +17.9% |
| Cash at bank and in hand | 54/58 | €18,973 | €2 | -€18,971 | -100.0% |
| Deferred charges and accrued income | 490/1 | €4,144 | - | -€4,144 | |
| Total equity and liabilities | 10/49 | €53,041 | €21,429 | -€31,613 | -59.6% |
| Equity | 10/15 | €8,700 | -€23,179 | -€31,878 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,379 | €13,379 | = | 0.0% |
| Distributable reserves | 133 | €13,379 | €13,379 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,679 | -€39,557 | -€31,878 | -415% |
| Amounts payable | 17/49 | €44,341 | €44,607 | +€266 | +0.6% |
| Amounts payable after more than one year | 17 | €9,834 | €5,505 | -€4,329 | -44.0% |
| Financial debts | 170/4 | €9,834 | €5,505 | -€4,329 | -44.0% |
| Amounts payable within one year | 42/48 | €34,346 | €39,102 | +€4,755 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €4,263 | €6,466 | +€2,204 | +51.7% |
| Trade debts | 44 | €15,635 | €18,607 | +€2,972 | +19.0% |
| Suppliers | 440/4 | €15,635 | €18,607 | +€2,972 | +19.0% |
| Advances received on contracts in progress | 46 | - | €6,789 | +€6,789 | |
| Taxes, remuneration and social security | 45 | €14,449 | €7,240 | -€7,209 | -49.9% |
| Taxes | 450/3 | €14,449 | €7,240 | -€7,209 | -49.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €161 | - | -€161 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,606 | €7,523 | -€82 | -1.1% |
| Other operating charges | 640/8 | €1,878 | €148 | -€1,730 | -92.1% |
| Gross operating margin | 9900 | €6,683 | -€23,741 | -€30,423 | |
| Operating profit (loss) | 9901 | -€2,801 | -€31,412 | -€28,611 | -1,022% |
| Financial income | 75/76B | €56 | €138 | +€82 | +145% |
| Recurring financial income | 75 | €56 | €138 | +€82 | +145% |
| Financial charges | 65/66B | €965 | €557 | -€408 | -42.3% |
| Recurring financial charges | 65 | €965 | €557 | -€408 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,710 | -€31,831 | -€28,122 | -758% |
| Income taxes | 67/77 | €196 | €47 | -€149 | -75.9% |
| Profit (loss) for the period | 9904 | -€3,906 | -€31,878 | -€27,973 | -716% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,906 | -€31,878 | -€27,973 | -716% |
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 27 October 2026 via checked.be.