RENOVE 4D: what changed
What changed
RENOVE 4D
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€13,174
2023 · €14,359-€1,185
Equity
€210,533
2023 · €197,359+€13,174
Cash
€3,374
2023 · €8,673-€5,299
Balance sheet total
€1.3m
2023 · €1.3m+€4,604
Largest movements
Assets
- Stocks and contracts +€260,000
up €260,000 (+32.1%), from €809,520 to €1.1m
- Receivables within one year -€242,791
down €242,791 (-47.6%), from €509,547 to €266,756
of which Trade receivables: -€250,938
Equity and liabilities
- Accrued charges and deferred income -€71,329
no longer reported in 2024 (was €71,329)
- Other debts +€68,283
up €68,283 (+99.3%), from €68,744 to €137,027
- Short-term financial debts -€53,778
no longer reported in 2024 (was €53,778)
- Current portion of long-term debt +€44,456
up €44,456 (+144%), from €30,861 to €75,318
Income statement
- Gross operating margin -€51,935
down €51,935 (-43.5%), from €119,331 to €67,396
- Other operating charges -€30,009
down €30,009 (-68.1%), from €44,082 to €14,073
- Depreciation -€11,038
down €11,038 (-58.9%), from €18,741 to €7,703
- Financial charges -€8,091
down €8,091 (-23.5%), from €34,368 to €26,277
- Taxes -€1,675
down €1,675 (-20.5%), from €8,157 to €6,483
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€14,359
Gross operating margin
-€51,935
Depreciation
+€11,038
Other operating charges
+€30,009
Financial income
-€63
Financial charges
+€8,091
Taxes
+€1,675
Result 2024
€13,174
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€619
Investment
-€2,312
Financing
-€2,368
Cash 2023
€8,673
From operations (derived)
-€619
Net result for the year
+€13,174
Depreciation
+€7,703
Stocks and contracts
-€260,000
Receivables within one year
+€242,791
Deferred charges and accrued income
+€1,915
Trade debts
-€2,813
Tax, wage and social debts
-€342
Other debts
+€68,283
Accrued charges and deferred income
-€71,329
Investment (derived)
-€2,312
Investment in fixed assets (net)
-€2,312
Financing
-€2,368
Debts after one year
+€6,953
Current portion of long-term debt
+€44,456
Short-term financial debts
-€53,778
Cash 2024
€3,374
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,342,184 | €1,346,788 | +€4,604 | +0.3% |
| Fixed assets | 21/28 | €12,047 | €6,656 | -€5,390 | -44.7% |
| Tangible fixed assets | 22/27 | €12,047 | €6,656 | -€5,390 | -44.7% |
| Plant, machinery and equipment | 23 | €5,340 | €4,241 | -€1,099 | -20.6% |
| Furniture and vehicles | 24 | €6,707 | €2,416 | -€4,291 | -64.0% |
| Current assets | 29/58 | €1,330,137 | €1,340,132 | +€9,995 | +0.8% |
| Stocks and contracts in progress | 3 | €809,520 | €1,069,520 | +€260,000 | +32.1% |
| Stocks | 30/36 | €809,520 | €1,069,520 | +€260,000 | +32.1% |
| Amounts receivable within one year | 40/41 | €509,547 | €266,756 | -€242,791 | -47.6% |
| Trade receivables | 40 | €504,741 | €253,803 | -€250,938 | -49.7% |
| Other amounts receivable | 41 | €4,806 | €12,953 | +€8,147 | +169% |
| Cash at bank and in hand | 54/58 | €8,673 | €3,374 | -€5,299 | -61.1% |
| Deferred charges and accrued income | 490/1 | €2,397 | €482 | -€1,915 | -79.9% |
| Total equity and liabilities | 10/49 | €1,342,184 | €1,346,788 | +€4,604 | +0.3% |
| Equity | 10/15 | €197,359 | €210,533 | +€13,174 | +6.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €191,159 | €204,333 | +€13,174 | +6.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €189,299 | €202,473 | +€13,174 | +7.0% |
| Amounts payable | 17/49 | €1,144,825 | €1,136,255 | -€8,569 | -0.7% |
| Amounts payable after more than one year | 17 | €250,628 | €257,581 | +€6,953 | +2.8% |
| Financial debts | 170/4 | €250,628 | €257,581 | +€6,953 | +2.8% |
| Amounts payable within one year | 42/48 | €822,867 | €878,674 | +€55,807 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €30,861 | €75,318 | +€44,456 | +144% |
| Financial debts | 43 | €53,778 | - | -€53,778 | |
| Credit institutions | 430/8 | €53,778 | - | -€53,778 | |
| Trade debts | 44 | €664,573 | €661,759 | -€2,813 | -0.4% |
| Suppliers | 440/4 | €664,573 | €661,759 | -€2,813 | -0.4% |
| Taxes, remuneration and social security | 45 | €4,912 | €4,570 | -€342 | -7.0% |
| Taxes | 450/3 | €4,912 | €4,570 | -€342 | -7.0% |
| Other amounts payable | 47/48 | €68,744 | €137,027 | +€68,283 | +99.3% |
| Accrued charges and deferred income | 492/3 | €71,329 | - | -€71,329 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,741 | €7,703 | -€11,038 | -58.9% |
| Other operating charges | 640/8 | €44,082 | €14,073 | -€30,009 | -68.1% |
| Gross operating margin | 9900 | €119,331 | €67,396 | -€51,935 | -43.5% |
| Operating profit (loss) | 9901 | €56,509 | €45,621 | -€10,888 | -19.3% |
| Financial income | 75/76B | €375 | €312 | -€63 | -16.8% |
| Recurring financial income | 75 | €375 | €312 | -€63 | -16.8% |
| Financial charges | 65/66B | €34,368 | €26,277 | -€8,091 | -23.5% |
| Recurring financial charges | 65 | €34,368 | €26,277 | -€8,091 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €22,516 | €19,657 | -€2,859 | -12.7% |
| Income taxes | 67/77 | €8,157 | €6,483 | -€1,675 | -20.5% |
| Profit (loss) for the period | 9904 | €14,359 | €13,174 | -€1,185 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,359 | €13,174 | -€1,185 | -8.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.