Reninvest: what changed
What changed
Reninvest
filed annual accounts (NBB)
Net result for the year
-€3,415
2023 · -€15,080+€11,665
Equity
€68,486
2023 · €71,902-€3,415
Cash
€17,396
2023 · €68,260-€50,864
Balance sheet total
€1.0m
2023 · €1.8m-€800,398
Largest movements
Assets
- Receivables within one year -€741,695
down €741,695 (-90.9%), from €815,943 to €74,248
of which Trade receivables: -€723,699
- Cash -€50,864
down €50,864 (-74.5%), from €68,260 to €17,396
mainly Trade debts (-€580,282) and Advances received (-€99,536)
Equity and liabilities
- Trade debts -€580,282
down €580,282 (-98.1%), from €591,488 to €11,206
- Advances received -€99,536
down €99,536 (-88.9%), from €111,958 to €12,421
- Debts after one year -€94,967
down €94,967 (-50.5%), from €187,951 to €92,983
Income statement
- Financial charges -€29,916
down €29,916 (-98.5%), from €30,378 to €462
- Gross operating margin -€29,746
down €29,746 (-78.3%), from €37,997 to €8,251
- Depreciation -€10,448
down €10,448 (-44.0%), from €23,738 to €13,290
- Other operating charges -€1,026
down €1,026 (-34.6%), from €2,962 to €1,936
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€15,080
Gross operating margin
-€29,746
Depreciation
+€10,448
Other operating charges
+€1,026
Financial income
-€17
Financial charges
+€29,916
Taxes
+€38
Result 2024
-€3,415
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€55,391
Investment
€0
Financing
-€106,255
Cash 2023
€68,260
From operations (derived)
+€55,391
Net result for the year
-€3,415
Depreciation
+€13,290
Stocks and contracts
-€5,450
Receivables within one year
+€741,695
Trade debts
-€580,282
Tax, wage and social debts
+€231
Advances received
-€99,536
Other debts
-€11,140
Financing
-€106,255
Debts after one year
-€94,967
Current portion of long-term debt
-€11,288
Cash 2024
€17,396
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,843,910 | €1,043,512 | -€800,398 | -43.4% |
| Formation expenses | 20 | €24,111 | €16,658 | -€7,453 | -30.9% |
| Fixed assets | 21/28 | €73,081 | €67,245 | -€5,836 | -8.0% |
| Intangible fixed assets | 21 | €5,293 | €3,460 | -€1,833 | -34.6% |
| Tangible fixed assets | 22/27 | €67,788 | €63,785 | -€4,003 | -5.9% |
| Plant, machinery and equipment | 23 | €200 | €174 | -€26 | -12.8% |
| Furniture and vehicles | 24 | €67,588 | €63,610 | -€3,978 | -5.9% |
| Current assets | 29/58 | €1,746,718 | €959,609 | -€787,109 | -45.1% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €694,245 | €699,695 | +€5,450 | +0.8% |
| Stocks | 30/36 | €587,965 | €587,965 | = | 0.0% |
| Contracts in progress | 37 | €106,280 | €111,730 | +€5,450 | +5.1% |
| Amounts receivable within one year | 40/41 | €815,943 | €74,248 | -€741,695 | -90.9% |
| Trade receivables | 40 | €757,917 | €34,218 | -€723,699 | -95.5% |
| Other amounts receivable | 41 | €58,025 | €40,030 | -€17,995 | -31.0% |
| Current investments | 50/53 | €46,140 | €46,140 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €68,260 | €17,396 | -€50,864 | -74.5% |
| Deferred charges and accrued income | 490/1 | €2,130 | €2,130 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,843,910 | €1,043,512 | -€800,398 | -43.4% |
| Equity | 10/15 | €71,902 | €68,486 | -€3,415 | -4.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,902 | €65,486 | -€3,415 | -5.0% |
| Amounts payable | 17/49 | €1,772,008 | €975,025 | -€796,983 | -45.0% |
| Amounts payable after more than one year | 17 | €187,951 | €92,983 | -€94,967 | -50.5% |
| Financial debts | 170/4 | €187,951 | €92,983 | -€94,967 | -50.5% |
| Amounts payable within one year | 42/48 | €1,584,058 | €882,042 | -€702,016 | -44.3% |
| Current portion of amounts payable after more than one year | 42 | €27,078 | €15,790 | -€11,288 | -41.7% |
| Financial debts | 43 | €592,000 | €592,000 | = | 0.0% |
| Credit institutions | 430/8 | €592,000 | €592,000 | = | 0.0% |
| Trade debts | 44 | €591,488 | €11,206 | -€580,282 | -98.1% |
| Suppliers | 440/4 | €591,488 | €11,206 | -€580,282 | -98.1% |
| Advances received on contracts in progress | 46 | €111,958 | €12,421 | -€99,536 | -88.9% |
| Taxes, remuneration and social security | 45 | €269 | €500 | +€231 | +85.9% |
| Taxes | 450/3 | €269 | €500 | +€231 | +85.9% |
| Other amounts payable | 47/48 | €261,265 | €250,125 | -€11,140 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,738 | €13,290 | -€10,448 | -44.0% |
| Other operating charges | 640/8 | €2,962 | €1,936 | -€1,026 | -34.6% |
| Gross operating margin | 9900 | €37,997 | €8,251 | -€29,746 | -78.3% |
| Operating profit (loss) | 9901 | €11,297 | -€6,975 | -€18,271 | |
| Financial income | 75/76B | €4,269 | €4,252 | -€17 | -0.4% |
| Recurring financial income | 75 | €4,269 | €4,252 | -€17 | -0.4% |
| Financial charges | 65/66B | €30,378 | €462 | -€29,916 | -98.5% |
| Recurring financial charges | 65 | €30,378 | €462 | -€29,916 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,812 | -€3,184 | +€11,627 | +78.5% |
| Income taxes | 67/77 | €269 | €231 | -€38 | -14.1% |
| Profit (loss) for the period | 9904 | -€15,080 | -€3,415 | +€11,665 | +77.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,080 | -€3,415 | +€11,665 | +77.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.