GN 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.
GN RENOVATION
Largest movements
- Tangible fixed assets +€20,384
up €20,384 (+49.8%), from €40,930 to €61,314
of which Furniture and vehicles: +€19,752
- Receivables within one year +€16,713
up €16,713 (+505%), from €3,308 to €20,021
of which Trade receivables: +€10,782
- Cash +€4,541
up €4,541 (+12.1%), from €37,625 to €42,165
mainly Debts after one year (+€18,429) and Net result for the year (+€17,911)
- Deferred charges and accrued income +€1,330
up €1,330 (+80.0%), from €1,664 to €2,994
- Debts after one year +€18,429
up €18,429 (+87.5%), from €21,065 to €39,494
- Profit (loss) carried forward +€17,911
up €17,911 (+77.1%), from €23,241 to €41,152
- Current portion of long-term debt +€5,667
up €5,667 (+103%), from €5,477 to €11,144
- Tax, wage and social debts +€2,490
up €2,490 (+28.0%), from €8,896 to €11,386
of which Remuneration and social security: +€1,801
- Staff costs +€36,094
up €36,094 (+583%), from €6,191 to €42,285
- Gross operating margin +€34,303
up €34,303 (+72.4%), from €47,410 to €81,714
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 | €86,027 | €129,995 | +€43,968 | +51.1% |
| Fixed assets | 21/28 | €40,930 | €61,314 | +€20,384 | +49.8% |
| Tangible fixed assets | 22/27 | €40,930 | €61,314 | +€20,384 | +49.8% |
| Plant, machinery and equipment | 23 | €7,254 | €7,886 | +€632 | +8.7% |
| Furniture and vehicles | 24 | €33,677 | €53,428 | +€19,752 | +58.7% |
| Current assets | 29/58 | €45,097 | €68,681 | +€23,584 | +52.3% |
| Stocks and contracts in progress | 3 | €2,500 | €3,500 | +€1,000 | +40.0% |
| Stocks | 30/36 | €2,500 | €3,500 | +€1,000 | +40.0% |
| Amounts receivable within one year | 40/41 | €3,308 | €20,021 | +€16,713 | +505% |
| Trade receivables | 40 | €3,227 | €14,010 | +€10,782 | +334% |
| Other amounts receivable | 41 | €81 | €6,012 | +€5,931 | +7,323% |
| Cash at bank and in hand | 54/58 | €37,625 | €42,165 | +€4,541 | +12.1% |
| Deferred charges and accrued income | 490/1 | €1,664 | €2,994 | +€1,330 | +80.0% |
| Total equity and liabilities | 10/49 | €86,027 | €129,995 | +€43,968 | +51.1% |
| Equity | 10/15 | €33,241 | €51,152 | +€17,911 | +53.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,241 | €41,152 | +€17,911 | +77.1% |
| Amounts payable | 17/49 | €52,786 | €78,843 | +€26,057 | +49.4% |
| Amounts payable after more than one year | 17 | €21,065 | €39,494 | +€18,429 | +87.5% |
| Financial debts | 170/4 | €21,065 | €39,494 | +€18,429 | +87.5% |
| Amounts payable within one year | 42/48 | €31,721 | €39,349 | +€7,628 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €5,477 | €11,144 | +€5,667 | +103% |
| Trade debts | 44 | €1,970 | €2,394 | +€424 | +21.5% |
| Suppliers | 440/4 | €1,970 | €2,394 | +€424 | +21.5% |
| Taxes, remuneration and social security | 45 | €8,896 | €11,386 | +€2,490 | +28.0% |
| Taxes | 450/3 | €3,625 | €4,313 | +€688 | +19.0% |
| Remuneration and social security | 454/9 | €5,271 | €7,072 | +€1,801 | +34.2% |
| Other amounts payable | 47/48 | €15,378 | €14,426 | -€952 | -6.2% |
| Remuneration, social security and pensions | 62 | €6,191 | €42,285 | +€36,094 | +583% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,033 | €13,718 | -€314 | -2.2% |
| Other operating charges | 640/8 | €772 | €1,009 | +€236 | +30.6% |
| Gross operating margin | 9900 | €47,410 | €81,714 | +€34,303 | +72.4% |
| Operating profit (loss) | 9901 | €26,414 | €24,701 | -€1,713 | -6.5% |
| Financial income | 75/76B | €83 | €6 | -€78 | -93.4% |
| Recurring financial income | 75 | €83 | €6 | -€78 | -93.4% |
| Financial charges | 65/66B | €1,390 | €1,878 | +€487 | +35.1% |
| Recurring financial charges | 65 | €1,390 | €1,878 | +€487 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | €25,107 | €22,829 | -€2,278 | -9.1% |
| Income taxes | 67/77 | €4,423 | €4,918 | +€495 | +11.2% |
| Profit (loss) for the period | 9904 | €20,685 | €17,911 | -€2,773 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,685 | €17,911 | -€2,773 | -13.4% |
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 29 October 2026 via checked.be.