AS RENOVATION: what changed
AS RENOVATION
Largest movements
- Tangible fixed assets -€29,200
down €29,200 (-82.6%), from €35,330 to €6,130
of which Furniture and vehicles: -€26,876
- Receivables within one year +€27,072
up €27,072 (+146%), from €18,508 to €45,580
- Cash +€2,356
up €2,356 (+46.4%), from €5,076 to €7,433
mainly Investment in fixed assets (net) (+€26,012) and Net result for the year (+€3,988)
- Receivables after one year -€2,272
no longer reported in 2025 (was €2,272)
- Debts after one year -€6,377
no longer reported in 2025 (was €6,377)
- Profit (loss) carried forward +€3,984
up €3,984 (+16.8%), from €23,696 to €27,681
- Trade debts -€2,024
down €2,024 (-50.3%), from €4,024 to €2,000
- Tax, wage and social debts +€1,420
up €1,420 (+33.0%), from €4,306 to €5,726
- Other operating charges +€25,686
up €25,686 (+4,265%), from €602 to €26,288
- Gross operating margin +€10,583
up €10,583 (+42.0%), from €25,213 to €35,796
- Staff costs -€9,763
no longer reported in 2025 (was €9,763)
- Depreciation -€8,353
down €8,353 (-71.0%), from €11,765 to €3,412
- Taxes +€913
up €913 (+114%), from €800 to €1,713
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,410 | €59,143 | -€2,267 | -3.7% |
| Fixed assets | 21/28 | €35,553 | €6,130 | -€29,423 | -82.8% |
| Intangible fixed assets | 21 | €223 | €0 | -€223 | -100% |
| Tangible fixed assets | 22/27 | €35,330 | €6,130 | -€29,200 | -82.6% |
| Plant, machinery and equipment | 23 | €7,590 | €5,266 | -€2,324 | -30.6% |
| Furniture and vehicles | 24 | €27,740 | €864 | -€26,876 | -96.9% |
| Current assets | 29/58 | €25,857 | €53,013 | +€27,156 | +105% |
| Amounts receivable after more than one year | 29 | €2,272 | - | -€2,272 | |
| Other amounts receivable | 291 | €2,272 | - | -€2,272 | |
| Amounts receivable within one year | 40/41 | €18,508 | €45,580 | +€27,072 | +146% |
| Trade receivables | 40 | €18,508 | €45,580 | +€27,072 | +146% |
| Cash at bank and in hand | 54/58 | €5,076 | €7,433 | +€2,356 | +46.4% |
| Total equity and liabilities | 10/49 | €61,410 | €59,143 | -€2,267 | -3.7% |
| Equity | 10/15 | €29,196 | €33,181 | +€3,984 | +13.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Legal reserve | 130 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,696 | €27,681 | +€3,984 | +16.8% |
| Amounts payable | 17/49 | €32,214 | €25,962 | -€6,251 | -19.4% |
| Amounts payable after more than one year | 17 | €6,377 | - | -€6,377 | |
| Financial debts | 170/4 | €6,377 | - | -€6,377 | |
| Amounts payable within one year | 42/48 | €25,837 | €25,962 | +€126 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €6,014 | €6,377 | +€363 | +6.0% |
| Trade debts | 44 | €4,024 | €2,000 | -€2,024 | -50.3% |
| Suppliers | 440/4 | €4,024 | €2,000 | -€2,024 | -50.3% |
| Taxes, remuneration and social security | 45 | €4,306 | €5,726 | +€1,420 | +33.0% |
| Taxes | 450/3 | €4,306 | €5,726 | +€1,420 | +33.0% |
| Other amounts payable | 47/48 | €11,493 | €11,859 | +€366 | +3.2% |
| Remuneration, social security and pensions | 62 | €9,763 | - | -€9,763 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,765 | €3,412 | -€8,353 | -71.0% |
| Other operating charges | 640/8 | €602 | €26,288 | +€25,686 | +4,265% |
| Gross operating margin | 9900 | €25,213 | €35,796 | +€10,583 | +42.0% |
| Operating profit (loss) | 9901 | €3,082 | €6,096 | +€3,014 | +97.8% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Non-recurring financial income | 76B | €2 | - | -€2 | |
| Financial charges | 65/66B | €427 | €395 | -€32 | -7.4% |
| Recurring financial charges | 65 | €427 | €395 | -€32 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €2,658 | €5,702 | +€3,044 | +115% |
| Income taxes | 67/77 | €800 | €1,713 | +€913 | +114% |
| Profit (loss) for the period | 9904 | €1,858 | €3,988 | +€2,131 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €1,858 | €3,988 | +€2,131 | +115% |
Next steps
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 4 November 2026 via checked.be.