HM 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.
HM Renovation
Largest movements
- Receivables within one year +€58,891
up €58,891 (+144%), from €40,877 to €99,767
of which Trade receivables: +€59,226
- Cash -€1,219
down €1,219 (-39.2%), from €3,105 to €1,886
mainly Receivables within one year (-€58,891) and Deferred charges and accrued income (-€378)
- Trade debts +€45,804
up €45,804 (+162%), from €28,234 to €74,038
- Profit (loss) carried forward +€11,206
up €11,206 (+76.0%), from €14,748 to €25,954
- Tax, wage and social debts +€1,041
new in 2025: €1,041
- Turnover -€107,099
no longer reported in 2025 (was €107,099)
- Purchases and services -€88,552
no longer reported in 2025 (was €88,552)
- Gross operating margin -€7,317
down €7,317 (-39.4%), from €18,547 to €11,231
- Depreciation -€2,882
no longer reported in 2025 (was €2,882)
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 | €43,982 | €102,032 | +€58,050 | +132% |
| Current assets | 29/58 | €43,982 | €102,032 | +€58,050 | +132% |
| Amounts receivable within one year | 40/41 | €40,877 | €99,767 | +€58,891 | +144% |
| Trade receivables | 40 | €37,496 | €96,721 | +€59,226 | +158% |
| Other amounts receivable | 41 | €3,381 | €3,046 | -€335 | -9.9% |
| Cash at bank and in hand | 54/58 | €3,105 | €1,886 | -€1,219 | -39.2% |
| Deferred charges and accrued income | 490/1 | - | €378 | +€378 | |
| Total equity and liabilities | 10/49 | €43,982 | €102,032 | +€58,050 | +132% |
| Equity | 10/15 | €15,748 | €26,954 | +€11,206 | +71.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,748 | €25,954 | +€11,206 | +76.0% |
| Amounts payable | 17/49 | €28,234 | €75,078 | +€46,845 | +166% |
| Amounts payable within one year | 42/48 | €28,234 | €75,078 | +€46,845 | +166% |
| Trade debts | 44 | €28,234 | €74,038 | +€45,804 | +162% |
| Suppliers | 440/4 | €28,234 | €74,038 | +€45,804 | +162% |
| Taxes, remuneration and social security | 45 | - | €1,041 | +€1,041 | |
| Taxes | 450/3 | - | €1,041 | +€1,041 | |
| Turnover | 70 | €107,099 | - | -€107,099 | |
| Goods, raw materials, services and sundry goods | 60/61 | €88,552 | - | -€88,552 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,882 | - | -€2,882 | |
| Other operating charges | 640/8 | €917 | - | -€917 | |
| Gross operating margin | 9900 | €18,547 | €11,231 | -€7,317 | -39.4% |
| Operating profit (loss) | 9901 | €14,748 | €11,231 | -€3,517 | -23.8% |
| Financial income | 75/76B | - | €119 | +€119 | |
| Recurring financial income | 75 | - | €119 | +€119 | |
| Financial charges | 65/66B | - | €143 | +€143 | |
| Recurring financial charges | 65 | - | €143 | +€143 | |
| Profit (loss) for the period before taxes | 9903 | €14,748 | €11,206 | -€3,542 | -24.0% |
| Profit (loss) for the period | 9904 | €14,748 | €11,206 | -€3,542 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,748 | €11,206 | -€3,542 | -24.0% |
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 16 October 2026 via checked.be.