RENOTAZ: 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.
RENOTAZ
Largest movements
- Tangible fixed assets -€27,292
down €27,292 (-33.0%), from €82,693 to €55,401
of which Leasing and similar rights: -€14,781
- Receivables within one year -€15,320
down €15,320 (-36.1%), from €42,410 to €27,090
of which Trade receivables: -€25,849
- Cash -€1,944
no longer reported in 2024 (was €1,944)
mainly Other debts (-€29,470) and Debts after one year (-€26,886)
- Other debts -€29,470
down €29,470 (-85.8%), from €34,359 to €4,889
- Debts after one year -€26,886
down €26,886 (-35.6%), from €75,592 to €48,706
of which Financial debts: -€21,858
- Short-term financial debts +€15,520
new in 2024: €15,520
- Trade debts -€14,465
down €14,465 (-70.9%), from €20,402 to €5,938
- Profit (loss) carried forward +€11,363
up €11,363 (+37.9%), from -€29,969 to -€18,606
- Gross operating margin +€30,143
up €30,143 (+206%), from €14,638 to €44,781
- Staff costs -€15,413
down €15,413 (-95.3%), from €16,180 to €766
- Depreciation +€2,632
up €2,632 (+13.2%), from €19,887 to €22,519
- Other operating charges -€943
no longer reported in 2024 (was €943)
- Financial charges -€755
down €755 (-10.8%), from €6,968 to €6,214
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 | €129,427 | €83,073 | -€46,354 | -35.8% |
| Fixed assets | 21/28 | €83,942 | €55,983 | -€27,959 | -33.3% |
| Intangible fixed assets | 21 | €1,249 | €582 | -€667 | -53.4% |
| Tangible fixed assets | 22/27 | €82,693 | €55,401 | -€27,292 | -33.0% |
| Plant, machinery and equipment | 23 | €3,095 | - | -€3,095 | |
| Furniture and vehicles | 24 | €17,697 | €10,626 | -€7,072 | -40.0% |
| Leasing and similar rights | 25 | €59,556 | €44,775 | -€14,781 | -24.8% |
| Other tangible fixed assets | 26 | €2,345 | - | -€2,345 | |
| Current assets | 29/58 | €45,486 | €27,090 | -€18,396 | -40.4% |
| Stocks and contracts in progress | 3 | €600 | - | -€600 | |
| Stocks | 30/36 | €600 | - | -€600 | |
| Amounts receivable within one year | 40/41 | €42,410 | €27,090 | -€15,320 | -36.1% |
| Trade receivables | 40 | €42,410 | €16,562 | -€25,849 | -60.9% |
| Other amounts receivable | 41 | - | €10,529 | +€10,529 | |
| Cash at bank and in hand | 54/58 | €1,944 | - | -€1,944 | |
| Deferred charges and accrued income | 490/1 | €532 | - | -€532 | |
| Total equity and liabilities | 10/49 | €129,427 | €83,073 | -€46,354 | -35.8% |
| Equity | 10/15 | -€24,969 | -€13,606 | +€11,363 | +45.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,969 | -€18,606 | +€11,363 | +37.9% |
| Amounts payable | 17/49 | €154,396 | €96,679 | -€57,717 | -37.4% |
| Amounts payable after more than one year | 17 | €75,592 | €48,706 | -€26,886 | -35.6% |
| Financial debts | 170/4 | €66,769 | €44,911 | -€21,858 | -32.7% |
| Other amounts payable | 178/9 | €8,824 | €3,796 | -€5,028 | -57.0% |
| Amounts payable within one year | 42/48 | €78,804 | €47,973 | -€30,831 | -39.1% |
| Current portion of amounts payable after more than one year | 42 | €19,575 | €20,671 | +€1,096 | +5.6% |
| Financial debts | 43 | - | €15,520 | +€15,520 | |
| Credit institutions | 430/8 | - | €15,520 | +€15,520 | |
| Trade debts | 44 | €20,402 | €5,938 | -€14,465 | -70.9% |
| Suppliers | 440/4 | €20,402 | €5,938 | -€14,465 | -70.9% |
| Taxes, remuneration and social security | 45 | €4,468 | €956 | -€3,512 | -78.6% |
| Taxes | 450/3 | €2,369 | €956 | -€1,414 | -59.7% |
| Remuneration and social security | 454/9 | €2,098 | - | -€2,098 | |
| Other amounts payable | 47/48 | €34,359 | €4,889 | -€29,470 | -85.8% |
| Non-recurring operating income | 76A | €435 | €5,054 | +€4,619 | +1,061% |
| Remuneration, social security and pensions | 62 | €16,180 | €766 | -€15,413 | -95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,887 | €22,519 | +€2,632 | +13.2% |
| Other operating charges | 640/8 | €943 | - | -€943 | |
| Non-recurring operating charges | 66A | €450 | €3,961 | +€3,511 | +780% |
| Gross operating margin | 9900 | €14,638 | €44,781 | +€30,143 | +206% |
| Operating profit (loss) | 9901 | -€22,822 | €17,534 | +€40,356 | |
| Financial income | 75/76B | €1 | €329 | +€328 | +25,608% |
| Recurring financial income | 75 | €1 | €329 | +€328 | +25,608% |
| Financial charges | 65/66B | €6,968 | €6,214 | -€755 | -10.8% |
| Recurring financial charges | 65 | €6,968 | €6,214 | -€755 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | -€29,789 | €11,650 | +€41,439 | |
| Income taxes | 67/77 | €180 | €287 | +€107 | +59.4% |
| Profit (loss) for the period | 9904 | -€29,969 | €11,363 | +€41,332 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,969 | €11,363 | +€41,332 |
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 16 October 2026 via checked.be.