A.S. RENOVATIONS CONSTRUCTIONS: 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.
A.S. RENOVATIONS CONSTRUCTIONS
Largest movements
- Receivables within one year -€32,615
down €32,615 (-49.5%), from €65,835 to €33,220
of which Trade receivables: -€44,335
- Cash -€27,919
down €27,919 (-84.6%), from €33,009 to €5,090
mainly Accrued charges and deferred income (-€28,568) and Investment in fixed assets (net) (-€20,809)
- Accrued charges and deferred income -€28,568
down €28,568 (-84.1%), from €33,968 to €5,400
- Profit (loss) carried forward -€14,680
down €14,680 (-24.9%), from €58,875 to €44,195
- Trade debts -€10,548
down €10,548 (-29.3%), from €36,052 to €25,505
- Debts after one year -€6,429
down €6,429 (-16.8%), from €38,217 to €31,788
- Other debts -€3,497
down €3,497 (-84.9%), from €4,117 to €620
- Gross operating margin -€89,323
down €89,323 (-53.5%), from €166,961 to €77,638
- Staff costs -€14,667
down €14,667 (-17.6%), from €83,566 to €68,900
- Other operating charges -€10,304
down €10,304 (-86.9%), from €11,862 to €1,558
- Financial income +€2,860
up €2,860 (+1,533%), from €187 to €3,047
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,084 | €218,621 | -€62,462 | -22.2% |
| Fixed assets | 21/28 | €53,645 | €52,692 | -€953 | -1.8% |
| Intangible fixed assets | 21 | €1,400 | €1,000 | -€400 | -28.6% |
| Tangible fixed assets | 22/27 | €52,245 | €51,692 | -€553 | -1.1% |
| Plant, machinery and equipment | 23 | €8,091 | €8,346 | +€255 | +3.2% |
| Furniture and vehicles | 24 | €44,154 | €43,346 | -€808 | -1.8% |
| Current assets | 29/58 | €227,439 | €165,929 | -€61,509 | -27.0% |
| Stocks and contracts in progress | 3 | €127,500 | €127,500 | = | 0.0% |
| Stocks | 30/36 | €127,500 | €127,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €65,835 | €33,220 | -€32,615 | -49.5% |
| Trade receivables | 40 | €65,210 | €20,876 | -€44,335 | -68.0% |
| Other amounts receivable | 41 | €625 | €12,345 | +€11,720 | +1,875% |
| Cash at bank and in hand | 54/58 | €33,009 | €5,090 | -€27,919 | -84.6% |
| Deferred charges and accrued income | 490/1 | €1,094 | €119 | -€975 | -89.1% |
| Total equity and liabilities | 10/49 | €281,084 | €218,621 | -€62,462 | -22.2% |
| Equity | 10/15 | €144,875 | €130,195 | -€14,680 | -10.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €80,000 | €80,000 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,875 | €44,195 | -€14,680 | -24.9% |
| Amounts payable | 17/49 | €136,208 | €88,426 | -€47,782 | -35.1% |
| Amounts payable after more than one year | 17 | €38,217 | €31,788 | -€6,429 | -16.8% |
| Financial debts | 170/4 | €38,217 | €31,788 | -€6,429 | -16.8% |
| Amounts payable within one year | 42/48 | €64,023 | €51,238 | -€12,785 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €6,066 | €6,429 | +€363 | +6.0% |
| Trade debts | 44 | €36,052 | €25,505 | -€10,548 | -29.3% |
| Suppliers | 440/4 | €36,052 | €25,505 | -€10,548 | -29.3% |
| Taxes, remuneration and social security | 45 | €17,788 | €18,685 | +€897 | +5.0% |
| Taxes | 450/3 | €5,432 | €1,324 | -€4,109 | -75.6% |
| Remuneration and social security | 454/9 | €12,356 | €17,361 | +€5,005 | +40.5% |
| Other amounts payable | 47/48 | €4,117 | €620 | -€3,497 | -84.9% |
| Accrued charges and deferred income | 492/3 | €33,968 | €5,400 | -€28,568 | -84.1% |
| Remuneration, social security and pensions | 62 | €83,566 | €68,900 | -€14,667 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,630 | €21,763 | +€1,132 | +5.5% |
| Other operating charges | 640/8 | €11,862 | €1,558 | -€10,304 | -86.9% |
| Non-recurring operating charges | 66A | €42,000 | - | -€42,000 | |
| Gross operating margin | 9900 | €166,961 | €77,638 | -€89,323 | -53.5% |
| Operating profit (loss) | 9901 | €8,902 | -€14,582 | -€23,484 | |
| Financial income | 75/76B | €187 | €3,047 | +€2,860 | +1,533% |
| Recurring financial income | 75 | €187 | €3,047 | +€2,860 | +1,533% |
| Financial charges | 65/66B | €3,653 | €3,145 | -€508 | -13.9% |
| Recurring financial charges | 65 | €3,653 | €3,145 | -€508 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €5,435 | -€14,680 | -€20,115 | |
| Income taxes | 67/77 | €1,271 | - | -€1,271 | |
| Profit (loss) for the period | 9904 | €4,164 | -€14,680 | -€18,844 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,164 | -€14,680 | -€18,844 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.