TERMENS RENOVATIONS: 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.
TERMENS RENOVATIONS
Largest movements
- Receivables within one year -€28,558
down €28,558 (-62.4%), from €45,774 to €17,216
of which Trade receivables: -€21,562
- Tangible fixed assets -€21,325
no longer reported in 2023 (was €21,325)
- Cash -€4,284
down €4,284 (-99.9%), from €4,288 to €4
mainly Debts after one year (-€17,182) and Other debts (-€14,003)
- Debts after one year -€17,182
no longer reported in 2023 (was €17,182)
- Other debts -€14,003
down €14,003 (-73.5%), from €19,060 to €5,057
- Trade debts -€7,234
no longer reported in 2023 (was €7,234)
- Short-term financial debts -€5,950
no longer reported in 2023 (was €5,950)
- Tax, wage and social debts -€5,791
down €5,791 (-74.3%), from €7,797 to €2,006
- Gross operating margin -€21,284
down €21,284, from €18,243 to -€3,041
- Depreciation -€12,167
no longer reported in 2023 (was €12,167)
- Taxes -€2,342
down €2,342 (-98.8%), from €2,371 to €28
- Financial charges -€776
down €776 (-77.1%), from €1,006 to €231
- Other operating charges -€521
down €521 (-36.3%), from €1,436 to €915
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,595 | €17,220 | -€54,375 | -75.9% |
| Fixed assets | 21/28 | €21,325 | - | -€21,325 | |
| Tangible fixed assets | 22/27 | €21,325 | - | -€21,325 | |
| Furniture and vehicles | 24 | €21,325 | - | -€21,325 | |
| Current assets | 29/58 | €50,270 | €17,220 | -€33,050 | -65.7% |
| Amounts receivable within one year | 40/41 | €45,774 | €17,216 | -€28,558 | -62.4% |
| Trade receivables | 40 | €21,562 | - | -€21,562 | |
| Other amounts receivable | 41 | €24,212 | €17,216 | -€6,996 | -28.9% |
| Cash at bank and in hand | 54/58 | €4,288 | €4 | -€4,284 | -99.9% |
| Deferred charges and accrued income | 490/1 | €207 | - | -€207 | |
| Total equity and liabilities | 10/49 | €71,595 | €17,220 | -€54,375 | -75.9% |
| Equity | 10/15 | €14,372 | €10,157 | -€4,215 | -29.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,172 | €3,957 | -€4,215 | -51.6% |
| Amounts payable | 17/49 | €57,223 | €7,063 | -€50,160 | -87.7% |
| Amounts payable after more than one year | 17 | €17,182 | - | -€17,182 | |
| Financial debts | 170/4 | €17,182 | - | -€17,182 | |
| Amounts payable within one year | 42/48 | €40,041 | €7,063 | -€32,978 | -82.4% |
| Financial debts | 43 | €5,950 | - | -€5,950 | |
| Credit institutions | 430/8 | €5,950 | - | -€5,950 | |
| Trade debts | 44 | €7,234 | - | -€7,234 | |
| Suppliers | 440/4 | €7,234 | - | -€7,234 | |
| Taxes, remuneration and social security | 45 | €7,797 | €2,006 | -€5,791 | -74.3% |
| Taxes | 450/3 | €7,797 | €2,006 | -€5,791 | -74.3% |
| Other amounts payable | 47/48 | €19,060 | €5,057 | -€14,003 | -73.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,167 | - | -€12,167 | |
| Other operating charges | 640/8 | €1,436 | €915 | -€521 | -36.3% |
| Gross operating margin | 9900 | €18,243 | -€3,041 | -€21,284 | |
| Operating profit (loss) | 9901 | €4,640 | -€3,956 | -€8,596 | |
| Financial income | 75/76B | €60 | - | -€60 | |
| Recurring financial income | 75 | €60 | - | -€60 | |
| Financial charges | 65/66B | €1,006 | €231 | -€776 | -77.1% |
| Recurring financial charges | 65 | €1,006 | €231 | -€776 | -77.1% |
| Profit (loss) for the period before taxes | 9903 | €3,694 | -€4,187 | -€7,881 | |
| Income taxes | 67/77 | €2,371 | €28 | -€2,342 | -98.8% |
| Profit (loss) for the period | 9904 | €1,324 | -€4,215 | -€5,539 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,324 | -€4,215 | -€5,539 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.