RENOV-TM: 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-TM
Largest movements
- Tangible fixed assets -€11,981
down €11,981 (-34.0%), from €35,192 to €23,210
of which Furniture and vehicles: -€6,376
- Receivables within one year -€9,216
down €9,216 (-24.9%), from €37,074 to €27,858
of which Trade receivables: -€6,236
- Cash +€4,288
up €4,288 (+80.4%), from €5,336 to €9,624
mainly Depreciation (+€11,981) and Receivables within one year (+€9,216)
- Other debts -€15,000
no longer reported in 2024 (was €15,000)
- Debts after one year -€5,883
down €5,883 (-43.8%), from €13,441 to €7,559
- Profit (loss) carried forward +€5,147
up €5,147 (+22.6%), from €22,769 to €27,916
- Tax, wage and social debts -€1,000
no longer reported in 2024 (was €1,000)
- Trade debts -€877
down €877 (-95.9%), from €914 to €38
- Write-downs -€4,002
no longer reported in 2024 (was €4,002)
- Depreciation -€2,493
down €2,493 (-17.2%), from €14,474 to €11,981
- Gross operating margin -€2,438
down €2,438 (-11.3%), from €21,551 to €19,114
- Financial charges +€484
up €484 (+53.0%), from €914 to €1,399
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 | €78,925 | €61,455 | -€17,469 | -22.1% |
| Fixed assets | 21/28 | €35,192 | €23,210 | -€11,981 | -34.0% |
| Tangible fixed assets | 22/27 | €35,192 | €23,210 | -€11,981 | -34.0% |
| Plant, machinery and equipment | 23 | €13,739 | €8,134 | -€5,605 | -40.8% |
| Furniture and vehicles | 24 | €21,452 | €15,076 | -€6,376 | -29.7% |
| Current assets | 29/58 | €43,733 | €38,245 | -€5,488 | -12.5% |
| Amounts receivable within one year | 40/41 | €37,074 | €27,858 | -€9,216 | -24.9% |
| Trade receivables | 40 | €33,150 | €26,914 | -€6,236 | -18.8% |
| Other amounts receivable | 41 | €3,924 | €945 | -€2,979 | -75.9% |
| Cash at bank and in hand | 54/58 | €5,336 | €9,624 | +€4,288 | +80.4% |
| Deferred charges and accrued income | 490/1 | €1,323 | €763 | -€561 | -42.4% |
| Total equity and liabilities | 10/49 | €78,925 | €61,455 | -€17,469 | -22.1% |
| Equity | 10/15 | €37,829 | €42,976 | +€5,147 | +13.6% |
| Contributions | 10/11 | €13,200 | €13,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,769 | €27,916 | +€5,147 | +22.6% |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Environmental obligations | 163 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €36,096 | €13,479 | -€22,617 | -62.7% |
| Amounts payable after more than one year | 17 | €13,441 | €7,559 | -€5,883 | -43.8% |
| Financial debts | 170/4 | €13,441 | €7,559 | -€5,883 | -43.8% |
| Amounts payable within one year | 42/48 | €22,654 | €5,920 | -€16,734 | -73.9% |
| Current portion of amounts payable after more than one year | 42 | €5,740 | €5,883 | +€142 | +2.5% |
| Trade debts | 44 | €914 | €38 | -€877 | -95.9% |
| Suppliers | 440/4 | €914 | €38 | -€877 | -95.9% |
| Taxes, remuneration and social security | 45 | €1,000 | - | -€1,000 | |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €15,000 | - | -€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,474 | €11,981 | -€2,493 | -17.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,002 | - | -€4,002 | |
| Other operating charges | 640/8 | €521 | €610 | +€90 | +17.2% |
| Gross operating margin | 9900 | €21,551 | €19,114 | -€2,438 | -11.3% |
| Operating profit (loss) | 9901 | €2,554 | €6,522 | +€3,968 | +155% |
| Financial income | 75/76B | €32 | €24 | -€8 | -24.1% |
| Recurring financial income | 75 | €32 | €24 | -€8 | -24.1% |
| Financial charges | 65/66B | €914 | €1,399 | +€484 | +53.0% |
| Recurring financial charges | 65 | €914 | €1,399 | +€484 | +53.0% |
| Profit (loss) for the period before taxes | 9903 | €1,672 | €5,147 | +€3,476 | +208% |
| Profit (loss) for the period | 9904 | €1,672 | €5,147 | +€3,476 | +208% |
| Profit (loss) for the period to be appropriated | 9905 | €1,672 | €5,147 | +€3,476 | +208% |
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 25 October 2026 via checked.be.