De Renovator: 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.
De Renovator
Largest movements
- Tangible fixed assets +€65,123
up €65,123 (+35.1%), from €185,350 to €250,473
of which Furniture and vehicles: +€73,200
- Cash +€13,482
up €13,482 (+58.1%), from €23,222 to €36,704
mainly Debts after one year (+€39,066) and Net result for the year (+€38,497)
- Receivables within one year +€4,634
up €4,634 (+21.1%), from €21,949 to €26,583
of which Trade receivables: +€3,563
- Debts after one year +€39,066
up €39,066 (+25.3%), from €154,507 to €193,572
- Profit (loss) carried forward +€38,497
up €38,497 (+50.8%), from -€75,817 to -€37,320
- Current portion of long-term debt +€13,708
up €13,708 (+159%), from €8,597 to €22,306
- Trade debts -€5,134
down €5,134 (-78.1%), from €6,572 to €1,438
- Gross operating margin +€120,147
up €120,147, from -€37,984 to €82,163
- Depreciation +€14,164
up €14,164 (+130%), from €10,863 to €25,027
- Other operating charges -€5,173
down €5,173 (-68.0%), from €7,612 to €2,439
- Taxes -€4,944
no longer reported in 2025 (was €4,944)
- Financial charges +€2,364
up €2,364 (+37.5%), from €6,298 to €8,662
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 | €233,784 | €317,687 | +€83,904 | +35.9% |
| Fixed assets | 21/28 | €185,350 | €250,473 | +€65,123 | +35.1% |
| Tangible fixed assets | 22/27 | €185,350 | €250,473 | +€65,123 | +35.1% |
| Land and buildings | 22 | €176,622 | €167,372 | -€9,250 | -5.2% |
| Plant, machinery and equipment | 23 | €2,577 | €3,750 | +€1,172 | +45.5% |
| Furniture and vehicles | 24 | €6,150 | €79,351 | +€73,200 | +1,190% |
| Current assets | 29/58 | €48,434 | €67,215 | +€18,781 | +38.8% |
| Amounts receivable within one year | 40/41 | €21,949 | €26,583 | +€4,634 | +21.1% |
| Trade receivables | 40 | €20,239 | €23,802 | +€3,563 | +17.6% |
| Other amounts receivable | 41 | €1,710 | €2,781 | +€1,071 | +62.6% |
| Cash at bank and in hand | 54/58 | €23,222 | €36,704 | +€13,482 | +58.1% |
| Deferred charges and accrued income | 490/1 | €3,263 | €3,928 | +€665 | +20.4% |
| Total equity and liabilities | 10/49 | €233,784 | €317,687 | +€83,904 | +35.9% |
| Equity | 10/15 | €49,269 | €87,765 | +€38,497 | +78.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €115,085 | €115,085 | = | 0.0% |
| Distributable reserves | 133 | €115,085 | €115,085 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,817 | -€37,320 | +€38,497 | +50.8% |
| Amounts payable | 17/49 | €184,515 | €229,922 | +€45,407 | +24.6% |
| Amounts payable after more than one year | 17 | €154,507 | €193,572 | +€39,066 | +25.3% |
| Financial debts | 170/4 | €154,507 | €193,572 | +€39,066 | +25.3% |
| Amounts payable within one year | 42/48 | €30,008 | €36,304 | +€6,296 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €8,597 | €22,306 | +€13,708 | +159% |
| Trade debts | 44 | €6,572 | €1,438 | -€5,134 | -78.1% |
| Suppliers | 440/4 | €6,572 | €1,438 | -€5,134 | -78.1% |
| Other amounts payable | 47/48 | €14,839 | €12,561 | -€2,278 | -15.4% |
| Accrued charges and deferred income | 492/3 | - | €45 | +€45 | |
| Remuneration, social security and pensions | 62 | €8,134 | €7,542 | -€592 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,863 | €25,027 | +€14,164 | +130% |
| Other operating charges | 640/8 | €7,612 | €2,439 | -€5,173 | -68.0% |
| Gross operating margin | 9900 | -€37,984 | €82,163 | +€120,147 | |
| Operating profit (loss) | 9901 | -€64,594 | €47,154 | +€111,748 | |
| Financial income | 75/76B | €20 | €5 | -€15 | -75.0% |
| Recurring financial income | 75 | €20 | €5 | -€15 | -75.0% |
| Financial charges | 65/66B | €6,298 | €8,662 | +€2,364 | +37.5% |
| Recurring financial charges | 65 | €6,298 | €8,662 | +€2,364 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | -€70,872 | €38,497 | +€109,369 | |
| Income taxes | 67/77 | €4,944 | - | -€4,944 | |
| Profit (loss) for the period | 9904 | -€75,817 | €38,497 | +€114,313 | |
| Profit (loss) for the period to be appropriated | 9905 | -€75,817 | €38,497 | +€114,313 |
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 17 October 2026 via checked.be.