EL 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.
EL RENOVATION
Largest movements
- Receivables within one year -€15,215
down €15,215 (-35.0%), from €43,449 to €28,234
of which Trade receivables: -€19,893
- Tangible fixed assets -€10,592
down €10,592 (-34.8%), from €30,472 to €19,880
of which Leasing and similar rights: -€6,435
- Cash -€2,711
down €2,711 (-48.5%), from €5,589 to €2,878
mainly Tax, wage and social debts (-€21,447) and Debts after one year (-€7,394)
- Tax, wage and social debts -€21,447
down €21,447 (-47.4%), from €45,228 to €23,781
of which Remuneration and social security: -€20,000
- Debts after one year -€7,394
no longer reported in 2025 (was €7,394)
- Other debts -€3,081
no longer reported in 2025 (was €3,081)
- Profit (loss) carried forward +€1,922
up €1,922 (+14.4%), from €13,332 to €15,254
- Trade debts +€837
up €837 (+90.3%), from €927 to €1,764
- Turnover -€108,900
down €108,900 (-50.4%), from €215,940 to €107,040
- Purchases and services -€108,342
down €108,342 (-54.3%), from €199,523 to €91,181
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 | €79,510 | €50,992 | -€28,518 | -35.9% |
| Fixed assets | 21/28 | €30,472 | €19,880 | -€10,592 | -34.8% |
| Tangible fixed assets | 22/27 | €30,472 | €19,880 | -€10,592 | -34.8% |
| Furniture and vehicles | 24 | €11,837 | €7,680 | -€4,157 | -35.1% |
| Leasing and similar rights | 25 | €18,635 | €12,200 | -€6,435 | -34.5% |
| Current assets | 29/58 | €49,038 | €31,113 | -€17,925 | -36.6% |
| Amounts receivable within one year | 40/41 | €43,449 | €28,234 | -€15,215 | -35.0% |
| Trade receivables | 40 | €40,173 | €20,280 | -€19,893 | -49.5% |
| Other amounts receivable | 41 | €3,276 | €7,954 | +€4,679 | +143% |
| Cash at bank and in hand | 54/58 | €5,589 | €2,878 | -€2,711 | -48.5% |
| Total equity and liabilities | 10/49 | €79,510 | €50,992 | -€28,518 | -35.9% |
| Equity | 10/15 | €16,332 | €18,254 | +€1,922 | +11.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,332 | €15,254 | +€1,922 | +14.4% |
| Amounts payable | 17/49 | €63,178 | €32,738 | -€30,440 | -48.2% |
| Amounts payable after more than one year | 17 | €7,394 | - | -€7,394 | |
| Financial debts | 170/4 | €7,394 | - | -€7,394 | |
| Amounts payable within one year | 42/48 | €55,784 | €32,738 | -€23,046 | -41.3% |
| Current portion of amounts payable after more than one year | 42 | €6,547 | €7,193 | +€646 | +9.9% |
| Trade debts | 44 | €927 | €1,764 | +€837 | +90.3% |
| Suppliers | 440/4 | €927 | €1,764 | +€837 | +90.3% |
| Taxes, remuneration and social security | 45 | €45,228 | €23,781 | -€21,447 | -47.4% |
| Taxes | 450/3 | €5,436 | €3,989 | -€1,447 | -26.6% |
| Remuneration and social security | 454/9 | €39,792 | €19,792 | -€20,000 | -50.3% |
| Other amounts payable | 47/48 | €3,081 | - | -€3,081 | |
| Turnover | 70 | €215,940 | €107,040 | -€108,900 | -50.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €199,523 | €91,181 | -€108,342 | -54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,543 | €10,592 | +€49 | +0.5% |
| Other operating charges | 640/8 | €720 | €175 | -€545 | -75.7% |
| Gross operating margin | 9900 | €16,417 | €15,859 | -€558 | -3.4% |
| Operating profit (loss) | 9901 | €5,154 | €5,092 | -€62 | -1.2% |
| Financial income | 75/76B | - | €120 | +€120 | |
| Recurring financial income | 75 | - | €120 | +€120 | |
| Financial charges | 65/66B | €1,436 | €1,043 | -€393 | -27.4% |
| Recurring financial charges | 65 | €1,436 | €1,043 | -€393 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €3,718 | €4,170 | +€452 | +12.1% |
| Income taxes | 67/77 | €1,780 | €2,248 | +€468 | +26.3% |
| Profit (loss) for the period | 9904 | €1,938 | €1,922 | -€16 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,938 | €1,922 | -€16 | -0.8% |
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 25 October 2026 via checked.be.