RENOVATION SIMSEK: 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.
RENOVATION SIMSEK
Largest movements
- Tangible fixed assets -€15,852
down €15,852 (-66.2%), from €23,958 to €8,105
- Cash -€9,310
down €9,310 (-100.0%), from €9,312 to €2
mainly Net result for the year (-€33,192) and Receivables within one year (-€1,053)
- Receivables within one year +€1,053
up €1,053 (+57.0%), from €1,849 to €2,902
of which Other amounts receivable: +€2,742
- Profit (loss) carried forward -€33,192
down €33,192, from €19,627 to -€13,565
- Other debts +€5,543
up €5,543 (+77.7%), from €7,137 to €12,680
- Tax, wage and social debts +€2,990
up €2,990 (+56.8%), from €5,267 to €8,256
- Trade debts +€550
up €550 (+34.7%), from €1,588 to €2,138
- Gross operating margin -€22,056
down €22,056, from €4,828 to -€17,228
- Other operating charges +€6,768
up €6,768 (+460%), from €1,472 to €8,240
- Depreciation +€2,330
up €2,330 (+51.1%), from €4,558 to €6,887
- Financial charges +€787
up €787 (+1,547%), from €51 to €838
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 | €35,118 | €11,009 | -€24,110 | -68.7% |
| Fixed assets | 21/28 | €23,958 | €8,105 | -€15,852 | -66.2% |
| Tangible fixed assets | 22/27 | €23,958 | €8,105 | -€15,852 | -66.2% |
| Furniture and vehicles | 24 | €23,958 | €8,105 | -€15,852 | -66.2% |
| Current assets | 29/58 | €11,161 | €2,903 | -€8,257 | -74.0% |
| Amounts receivable within one year | 40/41 | €1,849 | €2,902 | +€1,053 | +57.0% |
| Trade receivables | 40 | €1,767 | €78 | -€1,689 | -95.6% |
| Other amounts receivable | 41 | €81 | €2,824 | +€2,742 | +3,365% |
| Cash at bank and in hand | 54/58 | €9,312 | €2 | -€9,310 | -100.0% |
| Total equity and liabilities | 10/49 | €35,118 | €11,009 | -€24,110 | -68.7% |
| Equity | 10/15 | €21,127 | -€12,065 | -€33,192 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,627 | -€13,565 | -€33,192 | |
| Amounts payable | 17/49 | €13,991 | €23,074 | +€9,083 | +64.9% |
| Amounts payable within one year | 42/48 | €13,991 | €23,074 | +€9,083 | +64.9% |
| Trade debts | 44 | €1,588 | €2,138 | +€550 | +34.7% |
| Suppliers | 440/4 | €1,588 | €2,138 | +€550 | +34.7% |
| Taxes, remuneration and social security | 45 | €5,267 | €8,256 | +€2,990 | +56.8% |
| Taxes | 450/3 | €5,267 | €8,256 | +€2,990 | +56.8% |
| Other amounts payable | 47/48 | €7,137 | €12,680 | +€5,543 | +77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,558 | €6,887 | +€2,330 | +51.1% |
| Other operating charges | 640/8 | €1,472 | €8,240 | +€6,768 | +460% |
| Gross operating margin | 9900 | €4,828 | -€17,228 | -€22,056 | |
| Operating profit (loss) | 9901 | -€1,202 | -€32,355 | -€31,153 | -2,592% |
| Financial charges | 65/66B | €51 | €838 | +€787 | +1,547% |
| Recurring financial charges | 65 | €51 | €838 | +€787 | +1,547% |
| Profit (loss) for the period before taxes | 9903 | -€1,253 | -€33,192 | -€31,940 | -2,550% |
| Profit (loss) for the period | 9904 | -€1,253 | -€33,192 | -€31,940 | -2,550% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,253 | -€33,192 | -€31,940 | -2,550% |
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.