BUILDING RENOVATION: 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.
BUILDING RENOVATION
Largest movements
- Cash -€44,942
down €44,942 (-97.6%), from €46,026 to €1,084
mainly Receivables within one year (-€44,599) and Contributions, distributions and other (-€18,600)
- Receivables within one year +€44,599
up €44,599 (+221%), from €20,207 to €64,807
of which Trade receivables: +€35,929
- Deferred charges and accrued income +€3,510
new in 2025: €3,510
- Contributions -€18,600
down €18,600 (-90.9%), from €20,460 to €1,860
- Trade debts +€17,948
up €17,948 (+630%), from €2,849 to €20,798
- Profit (loss) carried forward +€4,039
up €4,039 (+11.0%), from €36,857 to €40,896
- Other debts -€2,657
no longer reported in 2025 (was €2,657)
- Short-term financial debts +€2,549
new in 2025: €2,549
- Gross operating margin -€3,237
down €3,237 (-29.2%), from €11,089 to €7,852
- Depreciation -€399
down €399 (-55.4%), from €720 to €321
- Financial charges -€292
down €292 (-17.8%), from €1,634 to €1,342
- Financial income +€182
up €182 (+86,486%), from €0 to €182
- Taxes -€149
down €149 (-45.9%), from €325 to €176
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 | €66,950 | €70,595 | +€3,645 | +5.4% |
| Fixed assets | 21/28 | €716 | €1,195 | +€478 | +66.8% |
| Tangible fixed assets | 22/27 | €716 | €1,195 | +€478 | +66.8% |
| Plant, machinery and equipment | 23 | €716 | €1,195 | +€478 | +66.8% |
| Current assets | 29/58 | €66,234 | €69,400 | +€3,167 | +4.8% |
| Amounts receivable within one year | 40/41 | €20,207 | €64,807 | +€44,599 | +221% |
| Trade receivables | 40 | €6,958 | €42,887 | +€35,929 | +516% |
| Other amounts receivable | 41 | €13,249 | €21,919 | +€8,670 | +65.4% |
| Cash at bank and in hand | 54/58 | €46,026 | €1,084 | -€44,942 | -97.6% |
| Deferred charges and accrued income | 490/1 | - | €3,510 | +€3,510 | |
| Total equity and liabilities | 10/49 | €66,950 | €70,595 | +€3,645 | +5.4% |
| Equity | 10/15 | €57,317 | €42,755 | -€14,561 | -25.4% |
| Contributions | 10/11 | €20,460 | €1,860 | -€18,600 | -90.9% |
| Profit (loss) carried forward | 14 | €36,857 | €40,896 | +€4,039 | +11.0% |
| Amounts payable | 17/49 | €9,633 | €27,840 | +€18,207 | +189% |
| Amounts payable within one year | 42/48 | €9,633 | €27,840 | +€18,207 | +189% |
| Current portion of amounts payable after more than one year | 42 | €4,127 | €4,193 | +€66 | +1.6% |
| Financial debts | 43 | - | €2,549 | +€2,549 | |
| Credit institutions | 430/8 | - | €2,549 | +€2,549 | |
| Trade debts | 44 | €2,849 | €20,798 | +€17,948 | +630% |
| Suppliers | 440/4 | €2,849 | €20,798 | +€17,948 | +630% |
| Taxes, remuneration and social security | 45 | - | €300 | +€300 | |
| Remuneration and social security | 454/9 | - | €300 | +€300 | |
| Other amounts payable | 47/48 | €2,657 | - | -€2,657 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €720 | €321 | -€399 | -55.4% |
| Other operating charges | 640/8 | €2,207 | €2,155 | -€52 | -2.3% |
| Non-recurring operating charges | 66A | €49 | - | -€49 | |
| Gross operating margin | 9900 | €11,089 | €7,852 | -€3,237 | -29.2% |
| Operating profit (loss) | 9901 | €8,113 | €5,375 | -€2,738 | -33.7% |
| Financial income | 75/76B | €0 | €182 | +€182 | +86,486% |
| Recurring financial income | 75 | €0 | €182 | +€182 | +86,486% |
| Financial charges | 65/66B | €1,634 | €1,342 | -€292 | -17.8% |
| Recurring financial charges | 65 | €1,634 | €1,342 | -€292 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €6,479 | €4,214 | -€2,265 | -35.0% |
| Income taxes | 67/77 | €325 | €176 | -€149 | -45.9% |
| Profit (loss) for the period | 9904 | €6,154 | €4,039 | -€2,116 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,154 | €4,039 | -€2,116 | -34.4% |
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.