RENOV-SERVICES: 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-SERVICES
Largest movements
- Tangible fixed assets -€22,649
down €22,649 (-34.8%), from €65,059 to €42,410
of which Furniture and vehicles: -€22,168
- Cash +€15,574
up €15,574 (+95.9%), from €16,248 to €31,822
mainly Depreciation (+€20,888) and Net result for the year (+€12,621)
- Receivables within one year +€2,852
up €2,852 (+1.8%), from €156,913 to €159,765
of which Trade receivables: +€16,479
- Debts after one year -€9,676
down €9,676 (-62.8%), from €15,417 to €5,741
- Profit (loss) carried forward +€7,621
up €7,621 (+6.8%), from €112,547 to €120,168
- Trade debts -€6,306
down €6,306 (-13.9%), from €45,516 to €39,210
- Reserves +€5,000
up €5,000 (+29.7%), from €16,860 to €21,860
of which Distributable reserves: +€6,860
- Current portion of long-term debt -€3,467
down €3,467 (-25.2%), from €13,731 to €10,264
- Gross operating margin +€21,484
up €21,484 (+43.9%), from €48,908 to €70,392
- Depreciation +€6,016
up €6,016 (+40.5%), from €14,872 to €20,888
- Staff costs +€5,052
up €5,052 (+26.5%), from €19,095 to €24,147
- Taxes +€3,946
up €3,946 (+157%), from €2,512 to €6,458
- Other operating charges -€2,400
down €2,400 (-59.4%), from €4,041 to €1,641
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 | €249,456 | €244,132 | -€5,324 | -2.1% |
| Fixed assets | 21/28 | €65,447 | €42,798 | -€22,649 | -34.6% |
| Tangible fixed assets | 22/27 | €65,059 | €42,410 | -€22,649 | -34.8% |
| Plant, machinery and equipment | 23 | €4,300 | €3,819 | -€481 | -11.2% |
| Furniture and vehicles | 24 | €60,759 | €38,591 | -€22,168 | -36.5% |
| Financial fixed assets | 28 | €388 | €388 | = | 0.0% |
| Current assets | 29/58 | €184,009 | €201,334 | +€17,325 | +9.4% |
| Stocks and contracts in progress | 3 | €3,412 | €2,995 | -€417 | -12.2% |
| Stocks | 30/36 | €3,412 | €2,995 | -€417 | -12.2% |
| Amounts receivable within one year | 40/41 | €156,913 | €159,765 | +€2,852 | +1.8% |
| Trade receivables | 40 | €131,291 | €147,770 | +€16,479 | +12.6% |
| Other amounts receivable | 41 | €25,622 | €11,995 | -€13,627 | -53.2% |
| Cash at bank and in hand | 54/58 | €16,248 | €31,822 | +€15,574 | +95.9% |
| Deferred charges and accrued income | 490/1 | €7,436 | €6,752 | -€684 | -9.2% |
| Total equity and liabilities | 10/49 | €249,456 | €244,132 | -€5,324 | -2.1% |
| Equity | 10/15 | €142,607 | €155,228 | +€12,621 | +8.9% |
| Contributions | 10/11 | €13,200 | €13,200 | = | 0.0% |
| Reserves | 13 | €16,860 | €21,860 | +€5,000 | +29.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €15,000 | €21,860 | +€6,860 | +45.7% |
| Profit (loss) carried forward | 14 | €112,547 | €120,168 | +€7,621 | +6.8% |
| Amounts payable | 17/49 | €106,849 | €88,904 | -€17,945 | -16.8% |
| Amounts payable after more than one year | 17 | €15,417 | €5,741 | -€9,676 | -62.8% |
| Financial debts | 170/4 | €15,417 | €5,741 | -€9,676 | -62.8% |
| Amounts payable within one year | 42/48 | €91,411 | €83,163 | -€8,248 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €13,731 | €10,264 | -€3,467 | -25.2% |
| Trade debts | 44 | €45,516 | €39,210 | -€6,306 | -13.9% |
| Suppliers | 440/4 | €45,516 | €39,210 | -€6,306 | -13.9% |
| Advances received on contracts in progress | 46 | €15,710 | €15,710 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €16,454 | €17,979 | +€1,525 | +9.3% |
| Taxes | 450/3 | €11,604 | €11,295 | -€309 | -2.7% |
| Remuneration and social security | 454/9 | €4,850 | €6,684 | +€1,834 | +37.8% |
| Accrued charges and deferred income | 492/3 | €21 | - | -€21 | |
| Non-recurring operating income | 76A | €1,412 | €4,233 | +€2,821 | +200% |
| Remuneration, social security and pensions | 62 | €19,095 | €24,147 | +€5,052 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,872 | €20,888 | +€6,016 | +40.5% |
| Other operating charges | 640/8 | €4,041 | €1,641 | -€2,400 | -59.4% |
| Gross operating margin | 9900 | €48,908 | €70,392 | +€21,484 | +43.9% |
| Operating profit (loss) | 9901 | €10,900 | €23,716 | +€12,816 | +118% |
| Financial income | 75/76B | €274 | €590 | +€316 | +115% |
| Recurring financial income | 75 | €274 | €590 | +€316 | +115% |
| Financial charges | 65/66B | €3,476 | €5,227 | +€1,751 | +50.4% |
| Recurring financial charges | 65 | €3,476 | €5,227 | +€1,751 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | €7,698 | €19,079 | +€11,381 | +148% |
| Income taxes | 67/77 | €2,512 | €6,458 | +€3,946 | +157% |
| Profit (loss) for the period | 9904 | €5,186 | €12,621 | +€7,435 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €5,186 | €12,621 | +€7,435 | +143% |
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 19 October 2026 via checked.be.