AL RENOVATION: what changed
What changed
AL RENOVATION
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€21,782
2024 · €98,320-€76,538
Equity
€222,274
2024 · €210,492+€11,782
Cash
€52,297
2024 · €61,105-€8,808
Balance sheet total
€375,036
2024 · €379,131-€4,095
Largest movements
Assets
- Cash -€8,808
down €8,808 (-14.4%), from €61,105 to €52,297
mainly Debts after one year (-€31,597) and Trade debts (-€18,559)
- Tangible fixed assets +€5,129
up €5,129 (+139%), from €3,698 to €8,828
of which Furniture and vehicles: +€5,364
Equity and liabilities
- Debts after one year -€31,597
down €31,597 (-48.6%), from €64,977 to €33,380
- Short-term financial debts +€30,000
new in 2025: €30,000
- Reserves +€20,000
up €20,000 (+1,228%), from €1,628 to €21,628
of which Distributable reserves: +€20,000
- Trade debts -€18,559
down €18,559 (-47.9%), from €38,756 to €20,197
- Profit (loss) carried forward -€8,218
down €8,218 (-4.3%), from €190,264 to €182,046
Income statement
- Financial income -€79,893
down €79,893 (-99.8%), from €80,050 to €157
- Gross operating margin +€28,517
up €28,517 (+25.4%), from €112,433 to €140,950
- Taxes +€14,782
up €14,782 (+143%), from €10,341 to €25,123
- Staff costs +€7,299
up €7,299 (+10.2%), from €71,246 to €78,544
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€98,320
Gross operating margin
+€28,517
Staff costs
-€7,299
Depreciation
-€1,375
Other operating charges
-€733
Financial income
-€79,893
Financial charges
-€972
Taxes
-€14,782
Result 2025
€21,782
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€8,233
Investment
-€7,113
Financing
-€9,928
Cash 2024
€61,105
From operations (derived)
+€8,233
Net result for the year
+€21,782
Depreciation
+€1,984
Receivables within one year
+€746
Deferred charges and accrued income
-€330
Trade debts
-€18,559
Tax, wage and social debts
+€1,847
Other debts
+€764
Investment (derived)
-€7,113
Investment in fixed assets (net)
-€7,113
Financing
-€9,928
Debts after one year
-€31,597
Current portion of long-term debt
+€1,669
Short-term financial debts
+€30,000
Contributions, distributions and other
-€10,000
Cash 2025
€52,297
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €379,131 | €375,036 | -€4,095 | -1.1% |
| Fixed assets | 21/28 | €309,260 | €314,389 | +€5,129 | +1.7% |
| Tangible fixed assets | 22/27 | €3,698 | €8,828 | +€5,129 | +139% |
| Plant, machinery and equipment | 23 | €714 | €480 | -€234 | -32.8% |
| Furniture and vehicles | 24 | €2,984 | €8,348 | +€5,364 | +180% |
| Financial fixed assets | 28 | €305,562 | €305,562 | = | 0.0% |
| Current assets | 29/58 | €69,871 | €60,647 | -€9,224 | -13.2% |
| Amounts receivable within one year | 40/41 | €5,824 | €5,078 | -€746 | -12.8% |
| Trade receivables | 40 | - | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | €5,824 | €4,078 | -€1,746 | -30.0% |
| Cash at bank and in hand | 54/58 | €61,105 | €52,297 | -€8,808 | -14.4% |
| Deferred charges and accrued income | 490/1 | €2,942 | €3,272 | +€330 | +11.2% |
| Total equity and liabilities | 10/49 | €379,131 | €375,036 | -€4,095 | -1.1% |
| Equity | 10/15 | €210,492 | €222,274 | +€11,782 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,628 | €21,628 | +€20,000 | +1,228% |
| Non-distributable reserves | 130/1 | €1,628 | €1,628 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,628 | €1,628 | = | 0.0% |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €190,264 | €182,046 | -€8,218 | -4.3% |
| Amounts payable | 17/49 | €168,639 | €152,762 | -€15,876 | -9.4% |
| Amounts payable after more than one year | 17 | €64,977 | €33,380 | -€31,597 | -48.6% |
| Financial debts | 170/4 | €64,977 | €33,380 | -€31,597 | -48.6% |
| Amounts payable within one year | 42/48 | €103,662 | €119,383 | +€15,721 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €35,491 | €37,160 | +€1,669 | +4.7% |
| Financial debts | 43 | - | €30,000 | +€30,000 | |
| Credit institutions | 430/8 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €38,756 | €20,197 | -€18,559 | -47.9% |
| Suppliers | 440/4 | €38,756 | €20,197 | -€18,559 | -47.9% |
| Taxes, remuneration and social security | 45 | €29,077 | €30,924 | +€1,847 | +6.4% |
| Taxes | 450/3 | €18,589 | €20,139 | +€1,549 | +8.3% |
| Remuneration and social security | 454/9 | €10,488 | €10,785 | +€297 | +2.8% |
| Other amounts payable | 47/48 | €337 | €1,101 | +€764 | +227% |
| Remuneration, social security and pensions | 62 | €71,246 | €78,544 | +€7,299 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €608 | €1,984 | +€1,375 | +226% |
| Other operating charges | 640/8 | €5,106 | €5,840 | +€733 | +14.4% |
| Gross operating margin | 9900 | €112,433 | €140,950 | +€28,517 | +25.4% |
| Operating profit (loss) | 9901 | €35,473 | €54,583 | +€19,109 | +53.9% |
| Financial income | 75/76B | €80,050 | €157 | -€79,893 | -99.8% |
| Recurring financial income | 75 | €80,050 | €157 | -€79,893 | -99.8% |
| Financial charges | 65/66B | €6,862 | €7,834 | +€972 | +14.2% |
| Recurring financial charges | 65 | €6,862 | €7,834 | +€972 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €108,661 | €46,905 | -€61,756 | -56.8% |
| Income taxes | 67/77 | €10,341 | €25,123 | +€14,782 | +143% |
| Profit (loss) for the period | 9904 | €98,320 | €21,782 | -€76,538 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €98,320 | €21,782 | -€76,538 | -77.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.