Renofafe: 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.
Renofafe
Largest movements
- Receivables within one year +€48,472
up €48,472 (+30.4%), from €159,241 to €207,714
of which Trade receivables: +€50,138
- Cash +€37,567
up €37,567 (+127%), from €29,469 to €67,036
mainly Net result for the year (+€62,583) and Trade debts (+€28,513)
- Tangible fixed assets +€4,100
up €4,100 (+27.4%), from €14,970 to €19,070
of which Furniture and vehicles: +€3,162
- Reserves +€62,583
up €62,583 (+45.5%), from €137,650 to €200,233
- Trade debts +€28,513
up €28,513 (+277%), from €10,293 to €38,806
- Gross operating margin +€116,157
up €116,157 (+111%), from €104,543 to €220,700
- Staff costs +€77,369
up €77,369 (+172%), from €45,113 to €122,482
- Taxes +€14,033
up €14,033 (+123%), from €11,369 to €25,402
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 | €203,680 | €293,820 | +€90,140 | +44.3% |
| Fixed assets | 21/28 | €14,970 | €19,070 | +€4,100 | +27.4% |
| Tangible fixed assets | 22/27 | €14,970 | €19,070 | +€4,100 | +27.4% |
| Plant, machinery and equipment | 23 | €3,105 | €4,044 | +€939 | +30.2% |
| Furniture and vehicles | 24 | €11,864 | €15,026 | +€3,162 | +26.6% |
| Current assets | 29/58 | €188,710 | €274,750 | +€86,040 | +45.6% |
| Amounts receivable within one year | 40/41 | €159,241 | €207,714 | +€48,472 | +30.4% |
| Trade receivables | 40 | €150,331 | €200,469 | +€50,138 | +33.4% |
| Other amounts receivable | 41 | €8,911 | €7,245 | -€1,666 | -18.7% |
| Cash at bank and in hand | 54/58 | €29,469 | €67,036 | +€37,567 | +127% |
| Total equity and liabilities | 10/49 | €203,680 | €293,820 | +€90,140 | +44.3% |
| Equity | 10/15 | €139,650 | €202,233 | +€62,583 | +44.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €137,650 | €200,233 | +€62,583 | +45.5% |
| Distributable reserves | 133 | €137,650 | €200,233 | +€62,583 | +45.5% |
| Amounts payable | 17/49 | €64,030 | €91,587 | +€27,556 | +43.0% |
| Amounts payable within one year | 42/48 | €64,030 | €91,587 | +€27,556 | +43.0% |
| Trade debts | 44 | €10,293 | €38,806 | +€28,513 | +277% |
| Suppliers | 440/4 | €10,293 | €38,806 | +€28,513 | +277% |
| Taxes, remuneration and social security | 45 | €38,172 | €37,049 | -€1,123 | -2.9% |
| Taxes | 450/3 | €38,172 | €37,049 | -€1,123 | -2.9% |
| Other amounts payable | 47/48 | €15,566 | €15,732 | +€167 | +1.1% |
| Remuneration, social security and pensions | 62 | €45,113 | €122,482 | +€77,369 | +172% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,100 | €6,900 | -€201 | -2.8% |
| Other operating charges | 640/8 | €3,071 | €3,268 | +€197 | +6.4% |
| Gross operating margin | 9900 | €104,543 | €220,700 | +€116,157 | +111% |
| Operating profit (loss) | 9901 | €49,259 | €88,051 | +€38,792 | +78.8% |
| Financial income | 75/76B | €8 | €4 | -€4 | -52.1% |
| Recurring financial income | 75 | €8 | €4 | -€4 | -52.1% |
| Financial charges | 65/66B | €564 | €69 | -€495 | -87.7% |
| Recurring financial charges | 65 | €564 | €69 | -€495 | -87.7% |
| Profit (loss) for the period before taxes | 9903 | €48,703 | €87,986 | +€39,282 | +80.7% |
| Income taxes | 67/77 | €11,369 | €25,402 | +€14,033 | +123% |
| Profit (loss) for the period | 9904 | €37,334 | €62,583 | +€25,249 | +67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,334 | €62,583 | +€25,249 | +67.6% |
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 17 October 2026 via checked.be.