WE RENEW: what changed
Two fiscal 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.
WE RENEW
Largest movements
- Stocks and contracts -€6,017
down €6,017 (-18.6%), from €32,426 to €26,409
- Receivables within one year +€2,132
up €2,132 (+49.1%), from €4,339 to €6,471
of which Trade receivables: +€5,593
- Intangible fixed assets -€1,670
down €1,670 (-20.3%), from €8,211 to €6,541
- Cash -€1,221
down €1,221 (-86.3%), from €1,414 to €193
mainly Debts after one year (-€12,328) and Trade debts (-€4,263)
- Tangible fixed assets -€568
down €568 (-22.6%), from €2,509 to €1,941
- Debts after one year -€12,328
down €12,328 (-69.9%), from €17,639 to €5,312
- Advances received +€6,702
new in 2024: €6,702
- Trade debts -€4,263
down €4,263 (-87.7%), from €4,863 to €600
- Profit (loss) carried forward +€2,645
up €2,645 (+18.8%), from -€14,031 to -€11,386
- Other debts -€672
down €672 (-14.4%), from €4,671 to €3,999
- Gross operating margin +€19,984
up €19,984, from -€12,352 to €7,633
- Depreciation +€1,768
up €1,768 (+375.7%), from €471 to €2,238
- Financial charges +€1,022
up €1,022 (+84.2%), from €1,213 to €2,235
- Other operating charges +€515
new in 2024: €515
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.
Cash bridge derived
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 | €48,898 | €41,554 | -€7,344 | -15.0% |
| Fixed assets | 21/28 | €10,720 | €8,482 | -€2,238 | -20.9% |
| Intangible fixed assets | 21 | €8,211 | €6,541 | -€1,670 | -20.3% |
| Tangible fixed assets | 22/27 | €2,509 | €1,941 | -€568 | -22.6% |
| Other tangible fixed assets | 26 | €2,509 | €1,941 | -€568 | -22.6% |
| Current assets | 29/58 | €38,179 | €33,073 | -€5,106 | -13.4% |
| Stocks and contracts in progress | 3 | €32,426 | €26,409 | -€6,017 | -18.6% |
| Stocks | 30/36 | €32,426 | €26,409 | -€6,017 | -18.6% |
| Amounts receivable within one year | 40/41 | €4,339 | €6,471 | +€2,132 | +49.1% |
| Trade receivables | 40 | €516 | €6,108 | +€5,593 | +1084.5% |
| Other amounts receivable | 41 | €3,823 | €362 | -€3,461 | -90.5% |
| Cash at bank and in hand | 54/58 | €1,414 | €193 | -€1,221 | -86.3% |
| Total equity and liabilities | 10/49 | €48,898 | €41,554 | -€7,344 | -15.0% |
| Equity | 10/15 | €9,969 | €12,614 | +€2,645 | +26.5% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,031 | -€11,386 | +€2,645 | +18.8% |
| Amounts payable | 17/49 | €38,929 | €28,940 | -€9,989 | -25.7% |
| Amounts payable after more than one year | 17 | €17,639 | €5,312 | -€12,328 | -69.9% |
| Financial debts | 170/4 | €17,639 | €5,312 | -€12,328 | -69.9% |
| Amounts payable within one year | 42/48 | €21,290 | €23,628 | +€2,339 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €11,756 | €12,328 | +€571 | +4.9% |
| Trade debts | 44 | €4,863 | €600 | -€4,263 | -87.7% |
| Suppliers | 440/4 | €4,863 | €600 | -€4,263 | -87.7% |
| Advances received on contracts in progress | 46 | - | €6,702 | +€6,702 | |
| Other amounts payable | 47/48 | €4,671 | €3,999 | -€672 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €471 | €2,238 | +€1,768 | +375.7% |
| Other operating charges | 640/8 | - | €515 | +€515 | |
| Gross operating margin | 9900 | -€12,352 | €7,633 | +€19,984 | |
| Operating profit (loss) | 9901 | -€12,822 | €4,879 | +€17,702 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €1,213 | €2,235 | +€1,022 | +84.2% |
| Recurring financial charges | 65 | €1,213 | €2,235 | +€1,022 | +84.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,031 | €2,645 | +€16,675 | |
| Profit (loss) for the period | 9904 | -€14,031 | €2,645 | +€16,675 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,031 | €2,645 | +€16,675 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.