RENOVA +: 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.
RENOVA +
Largest movements
- Stocks and contracts -€195,836
down €195,836 (-87.4%), from €223,976 to €28,140
- Cash +€151,635
up €151,635 (+381%), from €39,748 to €191,383
mainly Stocks and contracts (+€195,836) and Trade debts (+€68,545)
- Receivables within one year +€57,695
up €57,695 (+9.4%), from €616,854 to €674,548
of which Trade receivables: +€50,586
- Tangible fixed assets -€9,767
down €9,767 (-63.7%), from €15,343 to €5,576
of which Furniture and vehicles: -€5,948
- Trade debts +€68,545
up €68,545 (+10.2%), from €673,064 to €741,609
- Accrued charges and deferred income -€32,240
down €32,240 (-95.6%), from €33,712 to €1,472
- Tax, wage and social debts -€20,762
down €20,762 (-29.7%), from €69,939 to €49,177
of which Remuneration and social security: -€12,789
- Advances received -€17,082
down €17,082 (-79.1%), from €21,582 to €4,500
- Profit (loss) carried forward +€14,247
up €14,247 (+13.7%), from €103,767 to €118,014
- Gross operating margin -€40,879
down €40,879 (-15.7%), from €260,676 to €219,797
- Depreciation -€15,483
down €15,483 (-58.1%), from €26,640 to €11,158
- Taxes -€7,352
down €7,352 (-99.7%), from €7,376 to €24
- Staff costs -€6,511
down €6,511 (-3.3%), from €197,405 to €190,894
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 | €913,501 | €920,727 | +€7,227 | +0.8% |
| Fixed assets | 21/28 | €32,843 | €26,576 | -€6,267 | -19.1% |
| Intangible fixed assets | 21 | - | €800 | +€800 | |
| Tangible fixed assets | 22/27 | €15,343 | €5,576 | -€9,767 | -63.7% |
| Plant, machinery and equipment | 23 | €3,435 | €656 | -€2,778 | -80.9% |
| Furniture and vehicles | 24 | €8,788 | €2,840 | -€5,948 | -67.7% |
| Other tangible fixed assets | 26 | €3,120 | €2,080 | -€1,040 | -33.3% |
| Financial fixed assets | 28 | €17,500 | €20,200 | +€2,700 | +15.4% |
| Current assets | 29/58 | €880,658 | €894,151 | +€13,493 | +1.5% |
| Stocks and contracts in progress | 3 | €223,976 | €28,140 | -€195,836 | -87.4% |
| Stocks | 30/36 | €223,976 | €28,140 | -€195,836 | -87.4% |
| Amounts receivable within one year | 40/41 | €616,854 | €674,548 | +€57,695 | +9.4% |
| Trade receivables | 40 | €600,035 | €650,620 | +€50,586 | +8.4% |
| Other amounts receivable | 41 | €16,819 | €23,928 | +€7,109 | +42.3% |
| Cash at bank and in hand | 54/58 | €39,748 | €191,383 | +€151,635 | +381% |
| Deferred charges and accrued income | 490/1 | €80 | €80 | = | 0.0% |
| Total equity and liabilities | 10/49 | €913,501 | €920,727 | +€7,227 | +0.8% |
| Equity | 10/15 | €108,767 | €123,014 | +€14,247 | +13.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,767 | €118,014 | +€14,247 | +13.7% |
| Amounts payable | 17/49 | €804,734 | €797,713 | -€7,021 | -0.9% |
| Amounts payable within one year | 42/48 | €771,022 | €796,241 | +€25,219 | +3.3% |
| Trade debts | 44 | €673,064 | €741,609 | +€68,545 | +10.2% |
| Suppliers | 440/4 | €673,064 | €741,609 | +€68,545 | +10.2% |
| Advances received on contracts in progress | 46 | €21,582 | €4,500 | -€17,082 | -79.1% |
| Taxes, remuneration and social security | 45 | €69,939 | €49,177 | -€20,762 | -29.7% |
| Taxes | 450/3 | €19,252 | €11,279 | -€7,972 | -41.4% |
| Remuneration and social security | 454/9 | €50,687 | €37,898 | -€12,789 | -25.2% |
| Other amounts payable | 47/48 | €6,438 | €955 | -€5,483 | -85.2% |
| Accrued charges and deferred income | 492/3 | €33,712 | €1,472 | -€32,240 | -95.6% |
| Remuneration, social security and pensions | 62 | €197,405 | €190,894 | -€6,511 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,640 | €11,158 | -€15,483 | -58.1% |
| Other operating charges | 640/8 | €3,107 | €3,711 | +€604 | +19.4% |
| Non-recurring operating charges | 66A | €1,453 | - | -€1,453 | |
| Gross operating margin | 9900 | €260,676 | €219,797 | -€40,879 | -15.7% |
| Operating profit (loss) | 9901 | €32,071 | €14,034 | -€18,037 | -56.2% |
| Financial income | 75/76B | €202 | €1,639 | +€1,437 | +711% |
| Recurring financial income | 75 | €202 | €1,639 | +€1,437 | +711% |
| Non-recurring financial income | 76B | €202 | €1,639 | +€1,437 | +711% |
| Financial charges | 65/66B | €2,158 | €1,402 | -€756 | -35.0% |
| Recurring financial charges | 65 | €2,158 | €1,402 | -€756 | -35.0% |
| Non-recurring financial charges | 66B | €2,158 | €1,402 | -€756 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €30,115 | €14,271 | -€15,844 | -52.6% |
| Income taxes | 67/77 | €7,376 | €24 | -€7,352 | -99.7% |
| Profit (loss) for the period | 9904 | €22,739 | €14,247 | -€8,492 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,739 | €14,247 | -€8,492 | -37.3% |
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 14 October 2026 via checked.be.