FS 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.
FS RENOVATION
Largest movements
- Tangible fixed assets -€6,375
down €6,375 (-10.6%), from €60,197 to €53,822
of which Furniture and vehicles: -€3,678
- Receivables within one year +€2,739
up €2,739 (+8.5%), from €32,410 to €35,149
of which Trade receivables: +€1,535
- Financial fixed assets +€2,400
up €2,400 (+661%), from €363 to €2,763
- Cash +€2,367
up €2,367 (+259%), from €914 to €3,281
mainly Net result for the year (+€13,289) and Depreciation (+€7,922)
- Deferred charges and accrued income -€1,013
down €1,013 (-56.0%), from €1,810 to €797
- Profit (loss) carried forward +€13,289
up €13,289 (+72.1%), from -€18,421 to -€5,132
- Debts after one year -€5,841
down €5,841 (-9.7%), from €60,100 to €54,260
- Trade debts -€3,092
down €3,092 (-14.8%), from €20,825 to €17,733
- Current portion of long-term debt -€2,798
down €2,798 (-32.4%), from €8,638 to €5,841
- Other debts -€2,000
down €2,000 (-14.3%), from €14,000 to €12,000
- Gross operating margin +€54,198
up €54,198, from -€26,175 to €28,022
- Staff costs +€4,437
up €4,437 (+221%), from €2,005 to €6,442
- Taxes -€3,661
down €3,661, from €1,133 to -€2,528
- Depreciation -€338
down €338 (-4.1%), from €8,260 to €7,922
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 | €95,694 | €95,812 | +€118 | +0.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €60,560 | €56,585 | -€3,975 | -6.6% |
| Tangible fixed assets | 22/27 | €60,197 | €53,822 | -€6,375 | -10.6% |
| Land and buildings | 22 | €46,500 | €44,232 | -€2,268 | -4.9% |
| Plant, machinery and equipment | 23 | €519 | €169 | -€350 | -67.4% |
| Furniture and vehicles | 24 | €12,503 | €8,826 | -€3,678 | -29.4% |
| Other tangible fixed assets | 26 | €674 | €595 | -€79 | -11.8% |
| Financial fixed assets | 28 | €363 | €2,763 | +€2,400 | +661% |
| Current assets | 29/58 | €35,134 | €39,227 | +€4,093 | +11.6% |
| Amounts receivable within one year | 40/41 | €32,410 | €35,149 | +€2,739 | +8.5% |
| Trade receivables | 40 | €24,587 | €26,122 | +€1,535 | +6.2% |
| Other amounts receivable | 41 | €7,823 | €9,027 | +€1,204 | +15.4% |
| Cash at bank and in hand | 54/58 | €914 | €3,281 | +€2,367 | +259% |
| Deferred charges and accrued income | 490/1 | €1,810 | €797 | -€1,013 | -56.0% |
| Total equity and liabilities | 10/49 | €95,694 | €95,812 | +€118 | +0.1% |
| Equity | 10/15 | -€10,361 | €2,880 | +€13,241 | |
| Contributions | 10/11 | €6,200 | €6,152 | -€48 | -0.8% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,421 | -€5,132 | +€13,289 | +72.1% |
| Amounts payable | 17/49 | €106,055 | €92,932 | -€13,122 | -12.4% |
| Amounts payable after more than one year | 17 | €60,100 | €54,260 | -€5,841 | -9.7% |
| Financial debts | 170/4 | €60,100 | €54,260 | -€5,841 | -9.7% |
| Amounts payable within one year | 42/48 | €45,954 | €38,673 | -€7,282 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €8,638 | €5,841 | -€2,798 | -32.4% |
| Trade debts | 44 | €20,825 | €17,733 | -€3,092 | -14.8% |
| Suppliers | 440/4 | €20,825 | €17,733 | -€3,092 | -14.8% |
| Taxes, remuneration and social security | 45 | €2,491 | €3,099 | +€608 | +24.4% |
| Taxes | 450/3 | €265 | €349 | +€84 | +31.6% |
| Remuneration and social security | 454/9 | €2,226 | €2,750 | +€524 | +23.5% |
| Other amounts payable | 47/48 | €14,000 | €12,000 | -€2,000 | -14.3% |
| Remuneration, social security and pensions | 62 | €2,005 | €6,442 | +€4,437 | +221% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,260 | €7,922 | -€338 | -4.1% |
| Other operating charges | 640/8 | €384 | €401 | +€17 | +4.4% |
| Gross operating margin | 9900 | -€26,175 | €28,022 | +€54,198 | |
| Operating profit (loss) | 9901 | -€36,825 | €13,257 | +€50,081 | |
| Financial income | 75/76B | €24 | - | -€24 | |
| Recurring financial income | 75 | €24 | - | -€24 | |
| Financial charges | 65/66B | €2,455 | €2,496 | +€40 | +1.6% |
| Recurring financial charges | 65 | €2,455 | €2,496 | +€40 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€39,256 | €10,761 | +€50,017 | |
| Income taxes | 67/77 | €1,133 | -€2,528 | -€3,661 | |
| Profit (loss) for the period | 9904 | -€40,389 | €13,289 | +€53,678 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,389 | €13,289 | +€53,678 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.