H & M RENOVATION: what changed
Two fiscal 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.
H & M RENOVATION
Largest movements
- Receivables within one year +€78,932
up €78,932 (+62.8%), from €125,755 to €204,687
of which Other amounts receivable: +€88,378
- Cash +€34,006
up €34,006 (+2946.8%), from €1,154 to €35,160
mainly Trade debts (+€88,848) and Other debts (+€25,871)
- Tangible fixed assets +€6,173
new in 2025: €6,173
- Trade debts +€88,848
up €88,848 (+550.0%), from €16,154 to €105,002
- Other debts +€25,871
new in 2025: €25,871
- Profit (loss) carried forward +€16,833
up €16,833 (+21.0%), from €80,147 to €96,980
- Tax, wage and social debts -€12,356
down €12,356 (-49.8%), from €24,795 to €12,439
- Gross operating margin +€15,698
up €15,698 (+199.4%), from €7,872 to €23,570
- Financial charges +€2,330
up €2,330 (+486.4%), from €479 to €2,809
- Taxes -€1,197
down €1,197 (-18.4%), from €6,497 to €5,300
- Other operating charges +€566
up €566 (+148.9%), from €380 to €946
- Depreciation +€388
new in 2025: €388
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.
Cash bridge derived
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 | €127,296 | €246,492 | +€119,196 | +93.6% |
| Fixed assets | 21/28 | - | €6,173 | +€6,173 | |
| Tangible fixed assets | 22/27 | - | €6,173 | +€6,173 | |
| Furniture and vehicles | 24 | - | €6,173 | +€6,173 | |
| Current assets | 29/58 | €127,296 | €240,319 | +€113,023 | +88.8% |
| Amounts receivable within one year | 40/41 | €125,755 | €204,687 | +€78,932 | +62.8% |
| Trade receivables | 40 | €34,673 | €25,227 | -€9,446 | -27.2% |
| Other amounts receivable | 41 | €91,082 | €179,460 | +€88,378 | +97.0% |
| Cash at bank and in hand | 54/58 | €1,154 | €35,160 | +€34,006 | +2946.8% |
| Deferred charges and accrued income | 490/1 | €387 | €472 | +€85 | +22.0% |
| Total equity and liabilities | 10/49 | €127,296 | €246,492 | +€119,196 | +93.6% |
| Equity | 10/15 | €86,347 | €103,180 | +€16,833 | +19.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,147 | €96,980 | +€16,833 | +21.0% |
| Amounts payable | 17/49 | €40,949 | €143,312 | +€102,363 | +250.0% |
| Amounts payable within one year | 42/48 | €40,949 | €143,312 | +€102,363 | +250.0% |
| Trade debts | 44 | €16,154 | €105,002 | +€88,848 | +550.0% |
| Suppliers | 440/4 | €16,154 | €105,002 | +€88,848 | +550.0% |
| Taxes, remuneration and social security | 45 | €24,795 | €12,439 | -€12,356 | -49.8% |
| Taxes | 450/3 | €24,795 | €12,439 | -€12,356 | -49.8% |
| Other amounts payable | 47/48 | - | €25,871 | +€25,871 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €388 | +€388 | |
| Other operating charges | 640/8 | €380 | €946 | +€566 | +148.9% |
| Non-recurring operating charges | 66A | €537 | €1,983 | +€1,446 | +269.3% |
| Gross operating margin | 9900 | €7,872 | €23,570 | +€15,698 | +199.4% |
| Operating profit (loss) | 9901 | €6,955 | €20,253 | +€13,298 | +191.2% |
| Financial income | 75/76B | €4,409 | €4,689 | +€280 | +6.4% |
| Recurring financial income | 75 | €4,409 | €4,689 | +€280 | +6.4% |
| Financial charges | 65/66B | €479 | €2,809 | +€2,330 | +486.4% |
| Recurring financial charges | 65 | €479 | €2,809 | +€2,330 | +486.4% |
| Profit (loss) for the period before taxes | 9903 | €10,885 | €22,133 | +€11,248 | +103.3% |
| Income taxes | 67/77 | €6,497 | €5,300 | -€1,197 | -18.4% |
| Profit (loss) for the period | 9904 | €4,388 | €16,833 | +€12,445 | +283.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,388 | €16,833 | +€12,445 | +283.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.