RENOV'ACT: 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.
RENOV'ACT
Largest movements
- Receivables within one year -€65,623
down €65,623 (-40.0%), from €163,946 to €98,322
of which Trade receivables: -€66,040
- Stocks and contracts -€19,332
down €19,332 (-44.4%), from €43,506 to €24,174
- Tangible fixed assets +€18,444
up €18,444 (+86.2%), from €21,388 to €39,832
of which Other tangible fixed assets: +€13,667
- Cash +€10,421
up €10,421 (+23.2%), from €44,829 to €55,250
- Financial fixed assets +€3,500
new in 2024: €3,500
- Trade debts -€71,945
down €71,945 (-32.2%), from €223,629 to €151,685
- Tax, wage and social debts +€15,994
up €15,994 (+66.5%), from €24,058 to €40,051
of which Taxes: +€18,994
- Profit (loss) carried forward +€11,302
up €11,302 (+95.8%), from €11,792 to €23,094
- Other debts -€9,206
down €9,206 (-100%), from €9,206 to €0
- Advances received -€4,015
no longer reported in 2024 (was €4,015)
- Taxes +€15,684
up €15,684 (+475%), from €3,300 to €18,984
- Depreciation +€5,907
up €5,907 (+258%), from €2,285 to €8,192
- Gross operating margin +€3,598
up €3,598 (+11.6%), from €31,013 to €34,611
- Other operating charges -€944
down €944 (-21.5%), from €4,395 to €3,452
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €275,200 | €222,456 | -€52,744 | -19.2% |
| Fixed assets | 21/28 | €21,388 | €43,332 | +€21,944 | +103% |
| Tangible fixed assets | 22/27 | €21,388 | €39,832 | +€18,444 | +86.2% |
| Plant, machinery and equipment | 23 | €3,112 | €1,466 | -€1,645 | -52.9% |
| Furniture and vehicles | 24 | €5,844 | €12,267 | +€6,423 | +110% |
| Other tangible fixed assets | 26 | €12,432 | €26,098 | +€13,667 | +110% |
| Financial fixed assets | 28 | - | €3,500 | +€3,500 | |
| Current assets | 29/58 | €253,812 | €179,124 | -€74,688 | -29.4% |
| Stocks and contracts in progress | 3 | €43,506 | €24,174 | -€19,332 | -44.4% |
| Stocks | 30/36 | €43,506 | €24,174 | -€19,332 | -44.4% |
| Amounts receivable within one year | 40/41 | €163,946 | €98,322 | -€65,623 | -40.0% |
| Trade receivables | 40 | €163,876 | €97,835 | -€66,040 | -40.3% |
| Other amounts receivable | 41 | €70 | €487 | +€417 | +596% |
| Cash at bank and in hand | 54/58 | €44,829 | €55,250 | +€10,421 | +23.2% |
| Deferred charges and accrued income | 490/1 | €1,531 | €1,378 | -€154 | -10.0% |
| Total equity and liabilities | 10/49 | €275,200 | €222,456 | -€52,744 | -19.2% |
| Equity | 10/15 | €14,292 | €25,594 | +€11,302 | +79.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,792 | €23,094 | +€11,302 | +95.8% |
| Amounts payable | 17/49 | €260,907 | €196,862 | -€64,046 | -24.5% |
| Amounts payable after more than one year | 17 | - | €2,831 | +€2,831 | |
| Financial debts | 170/4 | - | €2,831 | +€2,831 | |
| Amounts payable within one year | 42/48 | €260,907 | €194,031 | -€66,876 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | - | €2,295 | +€2,295 | |
| Trade debts | 44 | €223,629 | €151,685 | -€71,945 | -32.2% |
| Suppliers | 440/4 | €223,629 | €151,685 | -€71,945 | -32.2% |
| Advances received on contracts in progress | 46 | €4,015 | - | -€4,015 | |
| Taxes, remuneration and social security | 45 | €24,058 | €40,051 | +€15,994 | +66.5% |
| Taxes | 450/3 | €19,558 | €38,551 | +€18,994 | +97.1% |
| Remuneration and social security | 454/9 | €4,500 | €1,500 | -€3,000 | -66.7% |
| Other amounts payable | 47/48 | €9,206 | €0 | -€9,206 | -100% |
| Non-recurring operating income | 76A | €451 | - | -€451 | |
| Remuneration, social security and pensions | 62 | €19 | - | -€19 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,285 | €8,192 | +€5,907 | +258% |
| Other operating charges | 640/8 | €4,395 | €3,452 | -€944 | -21.5% |
| Gross operating margin | 9900 | €31,013 | €34,611 | +€3,598 | +11.6% |
| Operating profit (loss) | 9901 | €24,313 | €22,967 | -€1,346 | -5.5% |
| Financial income | 75/76B | €164 | €164 | +€0 | +0.1% |
| Recurring financial income | 75 | €164 | €164 | +€0 | +0.1% |
| Financial charges | 65/66B | €235 | €456 | +€222 | +94.3% |
| Recurring financial charges | 65 | €235 | €456 | +€222 | +94.3% |
| Profit (loss) for the period before taxes | 9903 | €24,242 | €22,674 | -€1,568 | -6.5% |
| Income taxes | 67/77 | €3,300 | €18,984 | +€15,684 | +475% |
| Profit (loss) for the period | 9904 | €20,942 | €3,690 | -€17,252 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,942 | €3,690 | -€17,252 | -82.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.