RENVAL-ON: 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.
RENVAL-ON
Largest movements
- Tangible fixed assets +€347,804
up €347,804 (+258%), from €134,994 to €482,798
of which Land and buildings: +€332,818
- Cash -€282,473
down €282,473 (-71.3%), from €396,098 to €113,625
mainly Investment in fixed assets (net) (-€464,098) and Receivables after one year (-€220,996)
- Receivables after one year +€220,996
up €220,996 (+48.1%), from €459,196 to €680,192
- Receivables within one year +€160,258
up €160,258 (+342%), from €46,851 to €207,109
of which Other amounts receivable: +€185,629
- Debts after one year +€318,186
up €318,186 (+437%), from €72,756 to €390,942
- Reserves +€152,264
up €152,264 (+22.2%), from €686,905 to €839,169
of which Distributable reserves: +€152,264
- Trade debts -€27,722
down €27,722 (-61.9%), from €44,758 to €17,036
- Depreciation +€39,638
up €39,638 (+51.7%), from €76,656 to €116,294
- Taxes -€33,227
down €33,227 (-32.9%), from €101,015 to €67,788
- Staff costs +€33,034
up €33,034 (+10.4%), from €318,275 to €351,310
- Gross operating margin -€29,462
down €29,462 (-4.2%), from €709,374 to €679,912
- Financial charges +€9,275
up €9,275 (+174%), from €5,334 to €14,609
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 | €1,080,732 | €1,519,513 | +€438,781 | +40.6% |
| Fixed assets | 21/28 | €134,994 | €482,798 | +€347,804 | +258% |
| Tangible fixed assets | 22/27 | €134,994 | €482,798 | +€347,804 | +258% |
| Land and buildings | 22 | €2,182 | €335,000 | +€332,818 | +15,255% |
| Plant, machinery and equipment | 23 | €32,133 | €24,975 | -€7,158 | -22.3% |
| Furniture and vehicles | 24 | €14,550 | €74,092 | +€59,542 | +409% |
| Other tangible fixed assets | 26 | €86,130 | €48,732 | -€37,398 | -43.4% |
| Current assets | 29/58 | €945,737 | €1,036,715 | +€90,977 | +9.6% |
| Amounts receivable after more than one year | 29 | €459,196 | €680,192 | +€220,996 | +48.1% |
| Other amounts receivable | 291 | €459,196 | €680,192 | +€220,996 | +48.1% |
| Stocks and contracts in progress | 3 | €24,313 | €26,899 | +€2,586 | +10.6% |
| Stocks | 30/36 | €24,313 | €26,899 | +€2,586 | +10.6% |
| Amounts receivable within one year | 40/41 | €46,851 | €207,109 | +€160,258 | +342% |
| Trade receivables | 40 | €34,472 | €9,101 | -€25,371 | -73.6% |
| Other amounts receivable | 41 | €12,378 | €198,007 | +€185,629 | +1,500% |
| Cash at bank and in hand | 54/58 | €396,098 | €113,625 | -€282,473 | -71.3% |
| Deferred charges and accrued income | 490/1 | €19,280 | €8,890 | -€10,390 | -53.9% |
| Total equity and liabilities | 10/49 | €1,080,732 | €1,519,513 | +€438,781 | +40.6% |
| Equity | 10/15 | €802,922 | €955,186 | +€152,264 | +19.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €686,905 | €839,169 | +€152,264 | +22.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €686,905 | €839,169 | +€152,264 | +22.2% |
| Profit (loss) carried forward | 14 | €97,418 | €97,418 | = | 0.0% |
| Provisions and deferred taxes | 16 | €40,000 | €40,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €40,000 | €40,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable | 17/49 | €237,809 | €524,327 | +€286,518 | +120% |
| Amounts payable after more than one year | 17 | €72,756 | €390,942 | +€318,186 | +437% |
| Financial debts | 170/4 | €72,756 | €390,942 | +€318,186 | +437% |
| Amounts payable within one year | 42/48 | €165,053 | €133,385 | -€31,668 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €42,652 | €53,043 | +€10,391 | +24.4% |
| Trade debts | 44 | €44,758 | €17,036 | -€27,722 | -61.9% |
| Suppliers | 440/4 | €44,758 | €17,036 | -€27,722 | -61.9% |
| Taxes, remuneration and social security | 45 | €77,568 | €63,306 | -€14,262 | -18.4% |
| Taxes | 450/3 | €27,215 | €34,235 | +€7,020 | +25.8% |
| Remuneration and social security | 454/9 | €50,353 | €29,071 | -€21,282 | -42.3% |
| Other amounts payable | 47/48 | €76 | €0 | -€76 | -100% |
| Remuneration, social security and pensions | 62 | €318,275 | €351,310 | +€33,034 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,656 | €116,294 | +€39,638 | +51.7% |
| Other operating charges | 640/8 | €6,441 | €6,590 | +€150 | +2.3% |
| Gross operating margin | 9900 | €709,374 | €679,912 | -€29,462 | -4.2% |
| Operating profit (loss) | 9901 | €308,002 | €205,718 | -€102,284 | -33.2% |
| Financial income | 75/76B | €23,261 | €28,943 | +€5,681 | +24.4% |
| Recurring financial income | 75 | €23,261 | €28,943 | +€5,681 | +24.4% |
| Financial charges | 65/66B | €5,334 | €14,609 | +€9,275 | +174% |
| Recurring financial charges | 65 | €5,334 | €14,609 | +€9,275 | +174% |
| Profit (loss) for the period before taxes | 9903 | €325,930 | €220,052 | -€105,878 | -32.5% |
| Income taxes | 67/77 | €101,015 | €67,788 | -€33,227 | -32.9% |
| Profit (loss) for the period | 9904 | €224,914 | €152,264 | -€72,650 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €224,914 | €152,264 | -€72,650 | -32.3% |
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 13 October 2026 via checked.be.