GM RENOVATIONS: 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.
GM RENOVATIONS
Largest movements
- Receivables within one year -€54,756
down €54,756 (-41.0%), from €133,636 to €78,881
of which Other amounts receivable: -€39,718
- Cash +€54,012
up €54,012 (+105%), from €51,307 to €105,319
mainly Receivables within one year (+€54,756) and Depreciation (+€29,924)
- Tangible fixed assets -€2,652
down €2,652 (-3.5%), from €75,186 to €72,535
- Profit (loss) carried forward -€31,346
down €31,346 (-26.4%), from €118,699 to €87,353
- Tax, wage and social debts +€24,268
up €24,268 (+233%), from €10,406 to €34,674
of which Remuneration and social security: +€13,967
- Trade debts +€2,634
up €2,634 (+2.2%), from €122,236 to €124,870
- Purchases and services +€106,630
up €106,630 (+5.1%), from €2.1m to €2.2m
- Gross operating margin -€74,380
down €74,380 (-83.6%), from €88,980 to €14,600
- Turnover +€32,250
up €32,250 (+1.5%), from €2.2m to €2.2m
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 | €261,130 | €257,735 | -€3,395 | -1.3% |
| Fixed assets | 21/28 | €76,186 | €73,535 | -€2,652 | -3.5% |
| Tangible fixed assets | 22/27 | €75,186 | €72,535 | -€2,652 | -3.5% |
| Furniture and vehicles | 24 | €75,186 | €72,535 | -€2,652 | -3.5% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €184,944 | €184,200 | -€744 | -0.4% |
| Amounts receivable within one year | 40/41 | €133,636 | €78,881 | -€54,756 | -41.0% |
| Trade receivables | 40 | €43,289 | €28,252 | -€15,037 | -34.7% |
| Other amounts receivable | 41 | €90,347 | €50,629 | -€39,718 | -44.0% |
| Cash at bank and in hand | 54/58 | €51,307 | €105,319 | +€54,012 | +105% |
| Total equity and liabilities | 10/49 | €261,130 | €257,735 | -€3,395 | -1.3% |
| Equity | 10/15 | €123,699 | €92,353 | -€31,346 | -25.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,699 | €87,353 | -€31,346 | -26.4% |
| Amounts payable | 17/49 | €137,431 | €165,382 | +€27,951 | +20.3% |
| Amounts payable within one year | 42/48 | €137,431 | €165,382 | +€27,951 | +20.3% |
| Trade debts | 44 | €122,236 | €124,870 | +€2,634 | +2.2% |
| Suppliers | 440/4 | €122,236 | €124,870 | +€2,634 | +2.2% |
| Taxes, remuneration and social security | 45 | €10,406 | €34,674 | +€24,268 | +233% |
| Taxes | 450/3 | €7,000 | €17,301 | +€10,301 | +147% |
| Remuneration and social security | 454/9 | €3,406 | €17,372 | +€13,967 | +410% |
| Other amounts payable | 47/48 | €4,790 | €5,839 | +€1,049 | +21.9% |
| Turnover | 70 | €2,195,973 | €2,228,223 | +€32,250 | +1.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,106,993 | €2,213,623 | +€106,630 | +5.1% |
| Remuneration, social security and pensions | 62 | €12,394 | €14,932 | +€2,538 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,875 | €29,924 | +€2,049 | +7.4% |
| Other operating charges | 640/8 | €1,034 | €1,025 | -€10 | -1.0% |
| Gross operating margin | 9900 | €88,980 | €14,600 | -€74,380 | -83.6% |
| Operating profit (loss) | 9901 | €47,677 | -€31,281 | -€78,957 | |
| Financial income | 75/76B | €59 | - | -€59 | |
| Recurring financial income | 75 | €59 | - | -€59 | |
| Financial charges | 65/66B | €677 | €125 | -€552 | -81.5% |
| Recurring financial charges | 65 | €677 | €125 | -€552 | -81.5% |
| Profit (loss) for the period before taxes | 9903 | €47,058 | -€31,406 | -€78,464 | |
| Income taxes | 67/77 | €6,700 | -€60 | -€6,760 | |
| Profit (loss) for the period | 9904 | €40,358 | -€31,346 | -€71,704 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,358 | -€31,346 | -€71,704 |
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.