RENOVIO: 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.
RENOVIO
Largest movements
- Receivables within one year +€108,034
up €108,034 (+41.3%), from €261,776 to €369,810
of which Trade receivables: +€103,330
- Tangible fixed assets +€18,534
up €18,534 (+36.0%), from €51,544 to €70,078
of which Land and buildings: +€31,289
- Cash -€5,345
down €5,345 (-24.4%), from €21,904 to €16,559
mainly Receivables within one year (-€108,034) and Net result for the year (-€34,489)
- Trade debts +€115,830
up €115,830 (+84.5%), from €137,114 to €252,944
- Profit (loss) carried forward -€34,489
down €34,489 (-24.6%), from €140,403 to €105,914
- Tax, wage and social debts +€32,347
up €32,347 (+2,927%), from €1,105 to €33,452
of which Taxes: +€32,225
- Advances received +€9,267
up €9,267 (+25.7%), from €36,010 to €45,277
- Gross operating margin -€56,100
down €56,100 (-81.4%), from €68,947 to €12,847
- Taxes +€31,468
new in 2024: €31,468
- Depreciation +€1,916
up €1,916 (+14.7%), from €13,048 to €14,964
- Financial charges +€894
up €894 (+389%), from €230 to €1,124
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 | €342,545 | €463,438 | +€120,893 | +35.3% |
| Formation expenses | 20 | €127 | - | -€127 | |
| Fixed assets | 21/28 | €58,535 | €77,069 | +€18,534 | +31.7% |
| Tangible fixed assets | 22/27 | €51,544 | €70,078 | +€18,534 | +36.0% |
| Land and buildings | 22 | €23,008 | €54,297 | +€31,289 | +136% |
| Plant, machinery and equipment | 23 | €612 | €610 | -€2 | -0.3% |
| Furniture and vehicles | 24 | €27,924 | €15,171 | -€12,753 | -45.7% |
| Financial fixed assets | 28 | €6,991 | €6,991 | = | 0.0% |
| Current assets | 29/58 | €283,883 | €386,369 | +€102,486 | +36.1% |
| Amounts receivable within one year | 40/41 | €261,776 | €369,810 | +€108,034 | +41.3% |
| Trade receivables | 40 | €250,436 | €353,766 | +€103,330 | +41.3% |
| Other amounts receivable | 41 | €11,340 | €16,044 | +€4,704 | +41.5% |
| Cash at bank and in hand | 54/58 | €21,904 | €16,559 | -€5,345 | -24.4% |
| Deferred charges and accrued income | 490/1 | €203 | - | -€203 | |
| Total equity and liabilities | 10/49 | €342,545 | €463,438 | +€120,893 | +35.3% |
| Equity | 10/15 | €160,863 | €126,374 | -€34,489 | -21.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,403 | €105,914 | -€34,489 | -24.6% |
| Amounts payable | 17/49 | €181,682 | €337,064 | +€155,382 | +85.5% |
| Amounts payable within one year | 42/48 | €181,682 | €337,064 | +€155,382 | +85.5% |
| Current portion of amounts payable after more than one year | 42 | €3,092 | €1,030 | -€2,062 | -66.7% |
| Financial debts | 43 | €4,361 | €4,361 | = | 0.0% |
| Credit institutions | 430/8 | €4,361 | €4,361 | = | 0.0% |
| Trade debts | 44 | €137,114 | €252,944 | +€115,830 | +84.5% |
| Suppliers | 440/4 | €137,114 | €252,944 | +€115,830 | +84.5% |
| Advances received on contracts in progress | 46 | €36,010 | €45,277 | +€9,267 | +25.7% |
| Taxes, remuneration and social security | 45 | €1,105 | €33,452 | +€32,347 | +2,927% |
| Taxes | 450/3 | €1,105 | €33,330 | +€32,225 | +2,916% |
| Remuneration and social security | 454/9 | - | €122 | +€122 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,048 | €14,964 | +€1,916 | +14.7% |
| Other operating charges | 640/8 | €847 | €446 | -€401 | -47.3% |
| Gross operating margin | 9900 | €68,947 | €12,847 | -€56,100 | -81.4% |
| Operating profit (loss) | 9901 | €55,052 | -€2,563 | -€57,615 | |
| Financial income | 75/76B | - | €666 | +€666 | |
| Recurring financial income | 75 | - | €666 | +€666 | |
| Financial charges | 65/66B | €230 | €1,124 | +€894 | +389% |
| Recurring financial charges | 65 | €230 | €1,124 | +€894 | +389% |
| Profit (loss) for the period before taxes | 9903 | €54,822 | -€3,021 | -€57,843 | |
| Income taxes | 67/77 | - | €31,468 | +€31,468 | |
| Profit (loss) for the period | 9904 | €54,822 | -€34,489 | -€89,311 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,822 | -€34,489 | -€89,311 |
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 23 October 2026 via checked.be.