RENOVAMAT: 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.
RENOVAMAT
Largest movements
- Receivables within one year +€3,007
up €3,007 (+594%), from €506 to €3,513
of which Trade receivables: +€2,176
- Cash -€972
down €972 (-13.9%), from €7,010 to €6,038
mainly Receivables within one year (-€3,007) and Investment in fixed assets (net) (-€600)
- Tangible fixed assets -€526
down €526 (-56.8%), from €926 to €400
- Deferred charges and accrued income +€328
new in 2021: €328
- Debts within one year +€1,667
up €1,667 (+36.6%), from €4,559 to €6,226
of which Tax, wage and social debts: +€2,668
- Equity +€170
up €170 (+2.2%), from €7,638 to €7,808
of which Contributions: +€12,400
- Gross operating margin +€4,749
up €4,749 (+193%), from €2,467 to €7,216
- Staff costs +€2,493
new in 2021: €2,493
- Taxes +€1,606
up €1,606 (+373%), from €431 to €2,037
- Other operating charges +€819
new in 2021: €819
- Financial charges +€572
new in 2021: €572
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,197 | €14,034 | +€1,837 | +15.1% |
| Fixed assets | 21/28 | €4,681 | €4,155 | -€526 | -11.2% |
| Tangible fixed assets | 22/27 | €926 | €400 | -€526 | -56.8% |
| Furniture and vehicles | 24 | - | €400 | +€400 | |
| Financial fixed assets | 28 | €3,755 | €3,755 | = | 0.0% |
| Current assets | 29/58 | €7,516 | €9,879 | +€2,363 | +31.4% |
| Amounts receivable within one year | 40/41 | €506 | €3,513 | +€3,007 | +594% |
| Trade receivables | 40 | - | €2,176 | +€2,176 | |
| Other amounts receivable | 41 | - | €1,337 | +€1,337 | |
| Cash at bank and in hand | 54/58 | €7,010 | €6,038 | -€972 | -13.9% |
| Deferred charges and accrued income | 490/1 | - | €328 | +€328 | |
| Total equity and liabilities | 10/49 | €12,197 | €14,034 | +€1,837 | +15.1% |
| Equity | 10/15 | €7,638 | €7,808 | +€170 | +2.2% |
| Contributions | 10/11 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€6,622 | -€6,452 | +€170 | +2.6% |
| Amounts payable | 17/49 | €4,559 | €6,226 | +€1,667 | +36.6% |
| Amounts payable within one year | 42/48 | €4,559 | €6,226 | +€1,667 | +36.6% |
| Trade debts | 44 | €2,064 | €2,329 | +€265 | +12.8% |
| Suppliers | 440/4 | - | €2,329 | +€2,329 | |
| Advances received on contracts in progress | 46 | - | €1,229 | +€1,229 | |
| Taxes, remuneration and social security | 45 | - | €2,668 | +€2,668 | |
| Taxes | 450/3 | - | €1,117 | +€1,117 | |
| Remuneration and social security | 454/9 | - | €1,551 | +€1,551 | |
| Remuneration, social security and pensions | 62 | - | €2,493 | +€2,493 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €926 | €1,126 | +€200 | +21.6% |
| Other operating charges | 640/8 | - | €819 | +€819 | |
| Gross operating margin | 9900 | €2,467 | €7,216 | +€4,749 | +193% |
| Operating profit (loss) | 9901 | -€8,366 | €2,778 | +€11,144 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | - | €572 | +€572 | |
| Recurring financial charges | 65 | €1,028 | €572 | -€456 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,394 | €2,207 | +€11,601 | |
| Income taxes | 67/77 | €431 | €2,037 | +€1,606 | +373% |
| Profit (loss) for the period | 9904 | -€9,825 | €170 | +€9,995 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,825 | €170 | +€9,995 |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.