GA Renov’: 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.
GA Renov’
Largest movements
- Cash +€5,361
up €5,361 (+62.2%), from €8,620 to €13,981
mainly Other debts (+€42,621) and Tax, wage and social debts (+€8,093)
- Receivables within one year -€5,103
down €5,103 (-13.4%), from €38,136 to €33,033
of which Trade receivables: -€10,186
- Tangible fixed assets -€3,686
down €3,686 (-36.7%), from €10,054 to €6,368
of which Furniture and vehicles: -€3,770
- Deferred charges and accrued income -€3,376
down €3,376 (-14.7%), from €23,032 to €19,656
- Profit (loss) carried forward -€50,788
no longer reported in 2025 (was €50,788)
- Other debts +€42,621
up €42,621 (+2,390%), from €1,783 to €44,404
- Tax, wage and social debts +€8,093
up €8,093 (+237%), from €3,409 to €11,502
- Advances received -€5,000
no longer reported in 2025 (was €5,000)
- Accrued charges and deferred income -€889
no longer reported in 2025 (was €889)
- Gross operating margin -€15,871
down €15,871 (-63.2%), from €25,124 to €9,253
- Taxes -€2,971
down €2,971 (-84.2%), from €3,531 to €559
- Financial charges -€777
down €777 (-20.4%), from €3,815 to €3,038
- Depreciation +€276
up €276 (+5.9%), from €4,697 to €4,973
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 | €79,842 | €73,038 | -€6,804 | -8.5% |
| Fixed assets | 21/28 | €10,054 | €6,368 | -€3,686 | -36.7% |
| Tangible fixed assets | 22/27 | €10,054 | €6,368 | -€3,686 | -36.7% |
| Plant, machinery and equipment | 23 | €510 | €1,164 | +€655 | +129% |
| Furniture and vehicles | 24 | €7,378 | €3,607 | -€3,770 | -51.1% |
| Other tangible fixed assets | 26 | €2,167 | €1,596 | -€571 | -26.3% |
| Current assets | 29/58 | €69,788 | €66,670 | -€3,118 | -4.5% |
| Amounts receivable within one year | 40/41 | €38,136 | €33,033 | -€5,103 | -13.4% |
| Trade receivables | 40 | €27,929 | €17,742 | -€10,186 | -36.5% |
| Other amounts receivable | 41 | €10,207 | €15,291 | +€5,083 | +49.8% |
| Cash at bank and in hand | 54/58 | €8,620 | €13,981 | +€5,361 | +62.2% |
| Deferred charges and accrued income | 490/1 | €23,032 | €19,656 | -€3,376 | -14.7% |
| Total equity and liabilities | 10/49 | €79,842 | €73,038 | -€6,804 | -8.5% |
| Equity | 10/15 | €52,788 | €2,000 | -€50,788 | -96.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,788 | - | -€50,788 | |
| Amounts payable | 17/49 | €27,054 | €71,038 | +€43,984 | +163% |
| Amounts payable within one year | 42/48 | €26,164 | €71,038 | +€44,874 | +172% |
| Trade debts | 44 | €15,972 | €15,132 | -€841 | -5.3% |
| Suppliers | 440/4 | €15,972 | €15,132 | -€841 | -5.3% |
| Advances received on contracts in progress | 46 | €5,000 | - | -€5,000 | |
| Taxes, remuneration and social security | 45 | €3,409 | €11,502 | +€8,093 | +237% |
| Taxes | 450/3 | €3,409 | €11,502 | +€8,093 | +237% |
| Other amounts payable | 47/48 | €1,783 | €44,404 | +€42,621 | +2,390% |
| Accrued charges and deferred income | 492/3 | €889 | - | -€889 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,697 | €4,973 | +€276 | +5.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €25,124 | €9,253 | -€15,871 | -63.2% |
| Operating profit (loss) | 9901 | €20,039 | €3,881 | -€16,159 | -80.6% |
| Financial income | 75/76B | €0 | €7 | +€7 | +1,808% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +1,808% |
| Financial charges | 65/66B | €3,815 | €3,038 | -€777 | -20.4% |
| Recurring financial charges | 65 | €3,815 | €3,038 | -€777 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €16,224 | €850 | -€15,374 | -94.8% |
| Income taxes | 67/77 | €3,531 | €559 | -€2,971 | -84.2% |
| Profit (loss) for the period | 9904 | €12,694 | €291 | -€12,403 | -97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,694 | €291 | -€12,403 | -97.7% |
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 23 October 2026 via checked.be.