CB 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.
CB RENOVATION
Largest movements
- Tangible fixed assets +€72,738
up €72,738 (+4,407%), from €1,651 to €74,388
of which Land and buildings: +€73,068
- Cash -€40,375
down €40,375 (-45.6%), from €88,535 to €48,160
mainly Investment in fixed assets (net) (-€84,375) and Tax, wage and social debts (-€5,644)
- Receivables within one year +€1,823
up €1,823 (+70.3%), from €2,593 to €4,416
of which Trade receivables: +€1,936
- Debts after one year +€29,935
new in 2025: €29,935
- Profit (loss) carried forward +€7,132
up €7,132 (+11.9%), from €60,018 to €67,149
- Tax, wage and social debts -€5,644
down €5,644 (-32.8%), from €17,205 to €11,561
of which Taxes: -€3,944
- Current portion of long-term debt +€2,828
new in 2025: €2,828
- Gross operating margin -€26,305
down €26,305 (-54.7%), from €48,047 to €21,742
- Depreciation +€11,636
up €11,636 (+775,715%), from €2 to €11,637
- Taxes -€7,659
down €7,659 (-79.7%), from €9,610 to €1,951
- Financial charges +€817
up €817 (+4,662%), from €18 to €834
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 | €93,269 | €128,655 | +€35,386 | +37.9% |
| Fixed assets | 21/28 | €2,051 | €74,789 | +€72,738 | +3,546% |
| Tangible fixed assets | 22/27 | €1,651 | €74,388 | +€72,738 | +4,407% |
| Land and buildings | 22 | - | €73,068 | +€73,068 | |
| Furniture and vehicles | 24 | €1,651 | €1,320 | -€330 | -20.0% |
| Financial fixed assets | 28 | €401 | €401 | = | 0.0% |
| Current assets | 29/58 | €91,218 | €53,866 | -€37,352 | -40.9% |
| Amounts receivable within one year | 40/41 | €2,593 | €4,416 | +€1,823 | +70.3% |
| Trade receivables | 40 | €541 | €2,477 | +€1,936 | +358% |
| Other amounts receivable | 41 | €2,052 | €1,939 | -€113 | -5.5% |
| Cash at bank and in hand | 54/58 | €88,535 | €48,160 | -€40,375 | -45.6% |
| Deferred charges and accrued income | 490/1 | €90 | €1,290 | +€1,200 | +1,332% |
| Total equity and liabilities | 10/49 | €93,269 | €128,655 | +€35,386 | +37.9% |
| Equity | 10/15 | €66,018 | €73,149 | +€7,132 | +10.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,018 | €67,149 | +€7,132 | +11.9% |
| Amounts payable | 17/49 | €27,252 | €55,506 | +€28,254 | +104% |
| Amounts payable after more than one year | 17 | - | €29,935 | +€29,935 | |
| Financial debts | 170/4 | - | €29,935 | +€29,935 | |
| Amounts payable within one year | 42/48 | €27,252 | €25,571 | -€1,681 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | - | €2,828 | +€2,828 | |
| Trade debts | 44 | €2,638 | €3,363 | +€724 | +27.4% |
| Suppliers | 440/4 | €2,638 | €3,363 | +€724 | +27.4% |
| Advances received on contracts in progress | 46 | €6,960 | €6,960 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €17,205 | €11,561 | -€5,644 | -32.8% |
| Taxes | 450/3 | €15,505 | €11,561 | -€3,944 | -25.4% |
| Remuneration and social security | 454/9 | €1,700 | - | -€1,700 | |
| Other amounts payable | 47/48 | €448 | €860 | +€411 | +91.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2 | €11,637 | +€11,636 | +775,715% |
| Other operating charges | 640/8 | €98 | €233 | +€135 | +139% |
| Gross operating margin | 9900 | €48,047 | €21,742 | -€26,305 | -54.7% |
| Operating profit (loss) | 9901 | €47,948 | €9,872 | -€38,076 | -79.4% |
| Financial income | 75/76B | €5 | €45 | +€40 | +864% |
| Recurring financial income | 75 | €5 | €45 | +€40 | +864% |
| Financial charges | 65/66B | €18 | €834 | +€817 | +4,662% |
| Recurring financial charges | 65 | €18 | €834 | +€817 | +4,662% |
| Profit (loss) for the period before taxes | 9903 | €47,936 | €9,083 | -€38,853 | -81.1% |
| Income taxes | 67/77 | €9,610 | €1,951 | -€7,659 | -79.7% |
| Profit (loss) for the period | 9904 | €38,326 | €7,132 | -€31,194 | -81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,326 | €7,132 | -€31,194 | -81.4% |
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 24 October 2026 via checked.be.