AG Renov Construct: 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.
AG Renov Construct
Largest movements
- Tangible fixed assets +€20,790
up €20,790 (+55.6%), from €37,415 to €58,205
of which Furniture and vehicles: +€27,436
- Receivables within one year +€13,123
up €13,123 (+14.0%), from €93,633 to €106,756
of which Trade receivables: +€10,968
- Trade debts +€36,921
up €36,921 (+304.1%), from €12,142 to €49,063
- Other debts -€25,751
down €25,751 (-100.0%), from €25,751 to €0
- Debts after one year +€14,818
up €14,818 (+54.2%), from €27,330 to €42,148
- Current portion of long-term debt +€6,329
up €6,329 (+77.2%), from €8,195 to €14,524
- Profit (loss) carried forward -€4,981
down €4,981 (-9.7%), from €51,393 to €46,412
- Depreciation +€11,503
up €11,503 (+117.9%), from €9,757 to €21,260
- Gross operating margin -€7,284
down €7,284 (-20.2%), from €36,082 to €28,798
- Financial charges +€4,911
up €4,911 (+258.3%), from €1,901 to €6,812
- Other operating charges -€4,314
down €4,314 (-48.6%), from €8,877 to €4,563
- Taxes -€2,999
down €2,999 (-81.9%), from €3,661 to €662
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.
Cash bridge derived
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 | €133,471 | €165,012 | +€31,541 | +23.6% |
| Fixed assets | 21/28 | €37,465 | €58,255 | +€20,790 | +55.5% |
| Tangible fixed assets | 22/27 | €37,415 | €58,205 | +€20,790 | +55.6% |
| Furniture and vehicles | 24 | €18,623 | €46,058 | +€27,436 | +147.3% |
| Leasing and similar rights | 25 | €18,793 | €12,147 | -€6,646 | -35.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €96,006 | €106,756 | +€10,751 | +11.2% |
| Amounts receivable within one year | 40/41 | €93,633 | €106,756 | +€13,123 | +14.0% |
| Trade receivables | 40 | €87,825 | €98,793 | +€10,968 | +12.5% |
| Other amounts receivable | 41 | €5,809 | €7,964 | +€2,155 | +37.1% |
| Cash at bank and in hand | 54/58 | €1,492 | €0 | -€1,492 | -100.0% |
| Deferred charges and accrued income | 490/1 | €880 | - | -€880 | |
| Total equity and liabilities | 10/49 | €133,471 | €165,012 | +€31,541 | +23.6% |
| Equity | 10/15 | €56,393 | €51,412 | -€4,981 | -8.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,393 | €46,412 | -€4,981 | -9.7% |
| Amounts payable | 17/49 | €77,078 | €113,600 | +€36,522 | +47.4% |
| Amounts payable after more than one year | 17 | €27,330 | €42,148 | +€14,818 | +54.2% |
| Financial debts | 170/4 | €27,330 | €42,148 | +€14,818 | +54.2% |
| Amounts payable within one year | 42/48 | €49,749 | €71,452 | +€21,704 | +43.6% |
| Current portion of amounts payable after more than one year | 42 | €8,195 | €14,524 | +€6,329 | +77.2% |
| Financial debts | 43 | - | €3,543 | +€3,543 | |
| Credit institutions | 430/8 | - | €3,543 | +€3,543 | |
| Trade debts | 44 | €12,142 | €49,063 | +€36,921 | +304.1% |
| Suppliers | 440/4 | €12,142 | €49,063 | +€36,921 | +304.1% |
| Taxes, remuneration and social security | 45 | €3,661 | €4,323 | +€662 | +18.1% |
| Taxes | 450/3 | €3,661 | €4,323 | +€662 | +18.1% |
| Other amounts payable | 47/48 | €25,751 | €0 | -€25,751 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €483 | +€483 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,757 | €21,260 | +€11,503 | +117.9% |
| Other operating charges | 640/8 | €8,877 | €4,563 | -€4,314 | -48.6% |
| Gross operating margin | 9900 | €36,082 | €28,798 | -€7,284 | -20.2% |
| Operating profit (loss) | 9901 | €17,449 | €2,493 | -€14,956 | -85.7% |
| Financial charges | 65/66B | €1,901 | €6,812 | +€4,911 | +258.3% |
| Recurring financial charges | 65 | €1,901 | €6,812 | +€4,911 | +258.3% |
| Profit (loss) for the period before taxes | 9903 | €15,547 | -€4,319 | -€19,867 | |
| Income taxes | 67/77 | €3,661 | €662 | -€2,999 | -81.9% |
| Profit (loss) for the period | 9904 | €11,886 | -€4,981 | -€16,867 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,886 | -€4,981 | -€16,867 |
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 12 October 2026 via checked.be.