RENOV'ARGOR: 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'ARGOR
Largest movements
- Receivables within one year -€49,548
down €49,548 (-83.0%), from €59,677 to €10,129
- Tangible fixed assets -€16,000
down €16,000 (-31.5%), from €50,865 to €34,865
of which Furniture and vehicles: -€13,645
- Intangible fixed assets -€3,000
down €3,000 (-12.6%), from €23,738 to €20,738
- Trade debts -€62,209
down €62,209 (-97.1%), from €64,060 to €1,851
- Other debts +€41,452
up €41,452 (+115%), from €36,070 to €77,522
- Profit (loss) carried forward -€39,817
down €39,817 (-15.6%), from -€254,882 to -€294,698
- Debts after one year -€12,233
down €12,233 (-4.7%), from €258,979 to €246,745
of which Financial debts: -€12,233
- Tax, wage and social debts +€2,745
up €2,745 (+150%), from €1,830 to €4,575
- Depreciation +€3,102
up €3,102 (+19.5%), from €15,898 to €19,000
- Other operating charges -€2,176
down €2,176 (-41.3%), from €5,263 to €3,087
- Gross operating margin +€1,811
up €1,811 (+11.3%), from -€15,975 to -€14,165
- Financial charges -€941
down €941 (-20.8%), from €4,523 to €3,582
- Financial income -€194
down €194 (-91.7%), from €211 to €17
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,325 | €67,029 | -€69,296 | -50.8% |
| Fixed assets | 21/28 | €74,603 | €55,603 | -€19,000 | -25.5% |
| Intangible fixed assets | 21 | €23,738 | €20,738 | -€3,000 | -12.6% |
| Tangible fixed assets | 22/27 | €50,865 | €34,865 | -€16,000 | -31.5% |
| Plant, machinery and equipment | 23 | €4,710 | €2,355 | -€2,355 | -50.0% |
| Furniture and vehicles | 24 | €46,155 | €32,510 | -€13,645 | -29.6% |
| Current assets | 29/58 | €61,722 | €11,426 | -€50,296 | -81.5% |
| Amounts receivable within one year | 40/41 | €59,677 | €10,129 | -€49,548 | -83.0% |
| Trade receivables | 40 | €59,677 | €10,129 | -€49,548 | -83.0% |
| Cash at bank and in hand | 54/58 | €2,045 | €1,297 | -€749 | -36.6% |
| Total equity and liabilities | 10/49 | €136,325 | €67,029 | -€69,296 | -50.8% |
| Equity | 10/15 | -€236,290 | -€276,106 | -€39,817 | -16.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€254,882 | -€294,698 | -€39,817 | -15.6% |
| Amounts payable | 17/49 | €372,615 | €343,135 | -€29,480 | -7.9% |
| Amounts payable after more than one year | 17 | €258,979 | €246,745 | -€12,233 | -4.7% |
| Financial debts | 170/4 | €43,979 | €31,745 | -€12,233 | -27.8% |
| Other amounts payable | 178/9 | €215,000 | €215,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €113,636 | €96,390 | -€17,247 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €11,676 | €12,233 | +€557 | +4.8% |
| Financial debts | 43 | - | €209 | +€209 | |
| Credit institutions | 430/8 | - | €209 | +€209 | |
| Trade debts | 44 | €64,060 | €1,851 | -€62,209 | -97.1% |
| Suppliers | 440/4 | €64,060 | €1,851 | -€62,209 | -97.1% |
| Taxes, remuneration and social security | 45 | €1,830 | €4,575 | +€2,745 | +150% |
| Taxes | 450/3 | €1,830 | €4,575 | +€2,745 | +150% |
| Other amounts payable | 47/48 | €36,070 | €77,522 | +€41,452 | +115% |
| Non-recurring operating income | 76A | - | €6,274 | +€6,274 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,898 | €19,000 | +€3,102 | +19.5% |
| Other operating charges | 640/8 | €5,263 | €3,087 | -€2,176 | -41.3% |
| Gross operating margin | 9900 | -€15,975 | -€14,165 | +€1,811 | +11.3% |
| Operating profit (loss) | 9901 | -€37,136 | -€36,252 | +€884 | +2.4% |
| Financial income | 75/76B | €211 | €17 | -€194 | -91.7% |
| Recurring financial income | 75 | €211 | €17 | -€194 | -91.7% |
| Financial charges | 65/66B | €4,523 | €3,582 | -€941 | -20.8% |
| Recurring financial charges | 65 | €4,523 | €3,582 | -€941 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | -€41,448 | -€39,817 | +€1,631 | +3.9% |
| Profit (loss) for the period | 9904 | -€41,448 | -€39,817 | +€1,631 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,448 | -€39,817 | +€1,631 | +3.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.