THIBAULT VAN RENNE: 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.
What changed
THIBAULT VAN RENNE
NACE 47.551, Retail sale of household furniture
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€7,705
2023 · -€38,178+€30,473
Equity
€54,316
2023 · €62,020-€7,705
Cash
€29,142
2023 · €29,026+€115
Balance sheet total
€890,495
2023 · €1.1m-€198,243
Largest movements
Assets
- Stocks and contracts -€82,203
down €82,203 (-56.0%), from €146,898 to €64,695
- Tangible fixed assets -€79,669
down €79,669 (-13.0%), from €611,226 to €531,557
- Receivables within one year -€30,828
down €30,828 (-10.6%), from €291,997 to €261,168
of which Trade receivables: -€46,299
Equity and liabilities
- Trade debts -€102,751
down €102,751 (-51.8%), from €198,371 to €95,620
- Debts after one year -€83,212
down €83,212 (-14.3%), from €580,005 to €496,793
- Tax, wage and social debts +€19,976
up €19,976 (+120%), from €16,700 to €36,676
Income statement
- Gross operating margin +€27,479
up €27,479 (+40.6%), from €67,706 to €95,186
- Taxes +€11,139
up €11,139 (+906%), from €1,229 to €12,368
- Depreciation -€10,418
down €10,418 (-17.5%), from €59,687 to €49,270
- Financial income +€6,652
up €6,652 (+231%), from €2,885 to €9,538
- Other operating charges -€6,288
down €6,288 (-33.1%), from €18,979 to €12,690
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.
Result 2023
-€38,178
Gross operating margin
+€27,479
Depreciation
+€10,418
Other operating charges
+€6,288
Other operating items
-€9,072
Financial income
+€6,652
Financial charges
-€153
Taxes
-€11,139
Result 2024
-€7,705
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€72,545
Investment
+€30,400
Financing
-€102,829
Cash 2023
€29,026
From operations (derived)
+€72,545
Net result for the year
-€7,705
Depreciation
+€49,270
Stocks and contracts
+€82,203
Receivables within one year
+€30,828
Deferred charges and accrued income
+€5,658
Trade debts
-€102,751
Tax, wage and social debts
+€19,976
Advances received
+€1,041
Accrued charges and deferred income
-€5,976
Investment (derived)
+€30,400
Investment in fixed assets (net)
+€30,400
Financing
-€102,829
Debts after one year
-€83,212
Current portion of long-term debt
-€10,185
Short-term financial debts
-€9,431
Cash 2024
€29,142
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,088,738 | €890,495 | -€198,243 | -18.2% |
| Fixed assets | 21/28 | €613,656 | €533,987 | -€79,669 | -13.0% |
| Tangible fixed assets | 22/27 | €611,226 | €531,557 | -€79,669 | -13.0% |
| Land and buildings | 22 | €228,609 | €203,208 | -€25,401 | -11.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €58,585 | €22,413 | -€36,172 | -61.7% |
| Other tangible fixed assets | 26 | €324,032 | €305,936 | -€18,096 | -5.6% |
| Financial fixed assets | 28 | €2,430 | €2,430 | = | 0.0% |
| Current assets | 29/58 | €475,082 | €356,508 | -€118,574 | -25.0% |
| Stocks and contracts in progress | 3 | €146,898 | €64,695 | -€82,203 | -56.0% |
| Stocks | 30/36 | €146,898 | €64,695 | -€82,203 | -56.0% |
| Amounts receivable within one year | 40/41 | €291,997 | €261,168 | -€30,828 | -10.6% |
| Trade receivables | 40 | €196,274 | €149,975 | -€46,299 | -23.6% |
| Other amounts receivable | 41 | €95,723 | €111,193 | +€15,471 | +16.2% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €29,026 | €29,142 | +€115 | +0.4% |
| Deferred charges and accrued income | 490/1 | €6,911 | €1,253 | -€5,658 | -81.9% |
| Total equity and liabilities | 10/49 | €1,088,738 | €890,495 | -€198,243 | -18.2% |
| Equity | 10/15 | €62,020 | €54,316 | -€7,705 | -12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €81,598 | €81,598 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €81,598 | €81,598 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,178 | -€45,883 | -€7,705 | -20.2% |
| Amounts payable | 17/49 | €1,026,718 | €836,179 | -€190,539 | -18.6% |
| Amounts payable after more than one year | 17 | €580,005 | €496,793 | -€83,212 | -14.3% |
| Financial debts | 170/4 | €580,005 | €496,793 | -€83,212 | -14.3% |
| Amounts payable within one year | 42/48 | €431,035 | €329,684 | -€101,350 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €67,400 | €57,215 | -€10,185 | -15.1% |
| Financial debts | 43 | €43,459 | €34,028 | -€9,431 | -21.7% |
| Credit institutions | 430/8 | €43,459 | €34,028 | -€9,431 | -21.7% |
| Trade debts | 44 | €198,371 | €95,620 | -€102,751 | -51.8% |
| Suppliers | 440/4 | €198,371 | €95,620 | -€102,751 | -51.8% |
| Advances received on contracts in progress | 46 | €29,809 | €30,850 | +€1,041 | +3.5% |
| Taxes, remuneration and social security | 45 | €16,700 | €36,676 | +€19,976 | +120% |
| Taxes | 450/3 | €16,700 | €36,676 | +€19,976 | +120% |
| Other amounts payable | 47/48 | €75,296 | €75,296 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €15,678 | €9,702 | -€5,976 | -38.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,687 | €49,270 | -€10,418 | -17.5% |
| Other operating charges | 640/8 | €18,979 | €12,690 | -€6,288 | -33.1% |
| Non-recurring operating charges | 66A | €2,953 | €12,025 | +€9,072 | +307% |
| Gross operating margin | 9900 | €67,706 | €95,186 | +€27,479 | +40.6% |
| Operating profit (loss) | 9901 | -€13,912 | €21,201 | +€35,113 | |
| Financial income | 75/76B | €2,885 | €9,538 | +€6,652 | +231% |
| Recurring financial income | 75 | €2,885 | €9,538 | +€6,652 | +231% |
| Financial charges | 65/66B | €25,922 | €26,075 | +€153 | +0.6% |
| Recurring financial charges | 65 | €25,922 | €26,075 | +€153 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€36,949 | €4,663 | +€41,612 | |
| Income taxes | 67/77 | €1,229 | €12,368 | +€11,139 | +906% |
| Profit (loss) for the period | 9904 | -€38,178 | -€7,705 | +€30,473 | +79.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,178 | -€7,705 | +€30,473 | +79.8% |
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 14 October 2026 via checked.be.