Immo Renov and Construct: 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.
Immo Renov and Construct
Largest movements
- Receivables within one year -€117,183
down €117,183 (-52.1%), from €224,946 to €107,763
of which Other amounts receivable: -€87,376
- Tangible fixed assets +€12,328
new in 2025: €12,328
of which Plant, machinery and equipment: +€7,217
- Cash -€7,423
down €7,423 (-89.8%), from €8,266 to €843
mainly Contributions, distributions and other (-€210,714) and Investment in fixed assets (net) (-€13,290)
- Deferred charges and accrued income +€4,500
up €4,500 (+750%), from €600 to €5,100
- Profit (loss) carried forward -€107,896
down €107,896 (-86.9%), from €124,091 to €16,195
- Trade debts -€12,500
down €12,500 (-43.9%), from €28,490 to €15,990
- Tax, wage and social debts +€12,109
up €12,109 (+20.1%), from €60,278 to €72,388
of which Taxes: +€26,443
- Turnover +€536,544
new in 2025: €536,544
- Purchases and services +€387,021
new in 2025: €387,021
- Gross operating margin -€20,646
down €20,646 (-11.6%), from €177,592 to €156,945
- Taxes -€17,822
down €17,822 (-41.8%), from €42,680 to €24,858
- Staff costs +€11,767
up €11,767 (+159%), from €7,410 to €19,178
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 | €233,812 | €126,034 | -€107,778 | -46.1% |
| Fixed assets | 21/28 | - | €12,328 | +€12,328 | |
| Tangible fixed assets | 22/27 | - | €12,328 | +€12,328 | |
| Plant, machinery and equipment | 23 | - | €7,217 | +€7,217 | |
| Furniture and vehicles | 24 | - | €5,111 | +€5,111 | |
| Current assets | 29/58 | €233,812 | €113,706 | -€120,106 | -51.4% |
| Amounts receivable within one year | 40/41 | €224,946 | €107,763 | -€117,183 | -52.1% |
| Trade receivables | 40 | €43,781 | €13,973 | -€29,808 | -68.1% |
| Other amounts receivable | 41 | €181,165 | €93,789 | -€87,376 | -48.2% |
| Cash at bank and in hand | 54/58 | €8,266 | €843 | -€7,423 | -89.8% |
| Deferred charges and accrued income | 490/1 | €600 | €5,100 | +€4,500 | +750% |
| Total equity and liabilities | 10/49 | €233,812 | €126,034 | -€107,778 | -46.1% |
| Equity | 10/15 | €144,091 | €36,195 | -€107,896 | -74.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,091 | €16,195 | -€107,896 | -86.9% |
| Amounts payable | 17/49 | €89,721 | €89,839 | +€117 | +0.1% |
| Amounts payable within one year | 42/48 | €89,721 | €89,119 | -€603 | -0.7% |
| Trade debts | 44 | €28,490 | €15,990 | -€12,500 | -43.9% |
| Suppliers | 440/4 | €28,490 | €15,990 | -€12,500 | -43.9% |
| Taxes, remuneration and social security | 45 | €60,278 | €72,388 | +€12,109 | +20.1% |
| Taxes | 450/3 | €42,911 | €69,353 | +€26,443 | +61.6% |
| Remuneration and social security | 454/9 | €17,368 | €3,034 | -€14,334 | -82.5% |
| Other amounts payable | 47/48 | €952 | €741 | -€212 | -22.2% |
| Accrued charges and deferred income | 492/3 | - | €720 | +€720 | |
| Turnover | 70 | - | €536,544 | +€536,544 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €387,021 | +€387,021 | |
| Remuneration, social security and pensions | 62 | €7,410 | €19,178 | +€11,767 | +159% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €962 | +€962 | |
| Other operating charges | 640/8 | €3,091 | €8,244 | +€5,153 | +167% |
| Gross operating margin | 9900 | €177,592 | €156,945 | -€20,646 | -11.6% |
| Operating profit (loss) | 9901 | €167,090 | €128,561 | -€38,529 | -23.1% |
| Financial income | 75/76B | €17 | €0 | -€17 | -99.3% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -99.3% |
| Financial charges | 65/66B | €336 | €886 | +€550 | +163% |
| Recurring financial charges | 65 | €336 | €886 | +€550 | +163% |
| Profit (loss) for the period before taxes | 9903 | €166,771 | €127,676 | -€39,095 | -23.4% |
| Income taxes | 67/77 | €42,680 | €24,858 | -€17,822 | -41.8% |
| Profit (loss) for the period | 9904 | €124,091 | €102,818 | -€21,273 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €124,091 | €102,818 | -€21,273 | -17.1% |
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 26 October 2026 via checked.be.