AM RENOVATION GROUP: 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.
AM RENOVATION GROUP
Largest movements
- Receivables within one year +€18,123
up €18,123 (+106.7%), from €16,984 to €35,107
of which Trade receivables: +€26,150
- Cash -€7,599
no longer reported in 2025 (was €7,599)
mainly Net result for the year (-€25,637) and Receivables within one year (-€18,123)
- Tangible fixed assets +€4,507
up €4,507 (+1977.1%), from €228 to €4,735
- Trade debts +€39,700
up €39,700 (+311.4%), from €12,750 to €52,450
- Profit (loss) carried forward -€25,637
down €25,637 (-33.7%), from -€76,101 to -€101,738
- Short-term financial debts +€9,997
new in 2025: €9,997
- Reserves -€6,282
down €6,282 (-11.5%), from €54,415 to €48,133
of which Non-distributable reserves: -€6,282
- Tax, wage and social debts -€2,747
no longer reported in 2025 (was €2,747)
- Gross operating margin -€49,809
down €49,809, from €33,187 to -€16,622
- Depreciation +€2,333
up €2,333 (+1457.2%), from €160 to €2,493
- Taxes -€2,099
down €2,099, from €1,206 to -€892
- Financial charges +€1,260
up €1,260 (+41.4%), from €3,045 to €4,305
- Other operating charges -€888
down €888 (-68.0%), from €1,306 to €418
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 | €24,811 | €39,842 | +€15,031 | +60.6% |
| Fixed assets | 21/28 | €228 | €4,735 | +€4,507 | +1977.1% |
| Tangible fixed assets | 22/27 | €228 | €4,735 | +€4,507 | +1977.1% |
| Furniture and vehicles | 24 | €228 | €4,735 | +€4,507 | +1977.1% |
| Current assets | 29/58 | €24,583 | €35,107 | +€10,524 | +42.8% |
| Amounts receivable within one year | 40/41 | €16,984 | €35,107 | +€18,123 | +106.7% |
| Trade receivables | 40 | - | €26,150 | +€26,150 | |
| Other amounts receivable | 41 | €16,984 | €8,957 | -€8,027 | -47.3% |
| Cash at bank and in hand | 54/58 | €7,599 | - | -€7,599 | |
| Total equity and liabilities | 10/49 | €24,811 | €39,842 | +€15,031 | +60.6% |
| Equity | 10/15 | €3,314 | -€28,605 | -€31,919 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €54,415 | €48,133 | -€6,282 | -11.5% |
| Non-distributable reserves | 130/1 | €49,696 | €43,414 | -€6,282 | -12.6% |
| Other | 1319 | €49,696 | €43,414 | -€6,282 | -12.6% |
| Distributable reserves | 133 | €4,719 | €4,719 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,101 | -€101,738 | -€25,637 | -33.7% |
| Amounts payable | 17/49 | €21,497 | €68,447 | +€46,950 | +218.4% |
| Amounts payable after more than one year | 17 | €6,000 | €6,000 | = | 0.0% |
| Financial debts | 170/4 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,497 | €62,447 | +€46,950 | +303.0% |
| Financial debts | 43 | - | €9,997 | +€9,997 | |
| Credit institutions | 430/8 | - | €9,997 | +€9,997 | |
| Trade debts | 44 | €12,750 | €52,450 | +€39,700 | +311.4% |
| Suppliers | 440/4 | €12,750 | €52,450 | +€39,700 | +311.4% |
| Taxes, remuneration and social security | 45 | €2,747 | - | -€2,747 | |
| Taxes | 450/3 | €2,747 | - | -€2,747 | |
| Non-recurring operating income | 76A | €7,000 | €3,984 | -€3,016 | -43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160 | €2,493 | +€2,333 | +1457.2% |
| Other operating charges | 640/8 | €1,306 | €418 | -€888 | -68.0% |
| Non-recurring operating charges | 66A | - | €2,695 | +€2,695 | |
| Gross operating margin | 9900 | €33,187 | -€16,622 | -€49,809 | |
| Operating profit (loss) | 9901 | €31,721 | -€22,228 | -€53,949 | |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €3,045 | €4,305 | +€1,260 | +41.4% |
| Recurring financial charges | 65 | €3,045 | €4,305 | +€1,260 | +41.4% |
| Profit (loss) for the period before taxes | 9903 | €28,676 | -€26,529 | -€55,205 | |
| Income taxes | 67/77 | €1,206 | -€892 | -€2,099 | |
| Profit (loss) for the period | 9904 | €27,469 | -€25,637 | -€53,107 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,469 | -€25,637 | -€53,107 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.