IR 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.
IR RENOVATION
Largest movements
- Receivables within one year -€8,438
down €8,438 (-14.8%), from €57,105 to €48,667
of which Trade receivables: -€12,057
- Cash +€3,730
up €3,730 (+222%), from €1,683 to €5,413
mainly Receivables within one year (+€8,438) and Tax, wage and social debts (+€1,725)
- Trade debts -€7,270
down €7,270 (-52.3%), from €13,894 to €6,623
- Tax, wage and social debts +€1,725
new in 2025: €1,725
- Purchases and services -€11,218
down €11,218 (-11.4%), from €98,555 to €87,337
- Turnover -€7,283
down €7,283 (-7.1%), from €102,482 to €95,199
- Financial charges +€5,101
up €5,101 (+2,166%), from €235 to €5,336
- Depreciation -€4,680
down €4,680 (-90.6%), from €5,167 to €487
- Gross operating margin +€3,935
up €3,935 (+100%), from €3,927 to €7,862
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 | €63,439 | €58,383 | -€5,056 | -8.0% |
| Fixed assets | 21/28 | €3,875 | €3,688 | -€187 | -4.8% |
| Tangible fixed assets | 22/27 | €3,875 | €3,688 | -€187 | -4.8% |
| Furniture and vehicles | 24 | €3,875 | €3,688 | -€187 | -4.8% |
| Current assets | 29/58 | €59,563 | €54,694 | -€4,869 | -8.2% |
| Amounts receivable within one year | 40/41 | €57,105 | €48,667 | -€8,438 | -14.8% |
| Trade receivables | 40 | €14,123 | €2,066 | -€12,057 | -85.4% |
| Other amounts receivable | 41 | €42,981 | €46,600 | +€3,619 | +8.4% |
| Cash at bank and in hand | 54/58 | €1,683 | €5,413 | +€3,730 | +222% |
| Deferred charges and accrued income | 490/1 | €776 | €615 | -€161 | -20.8% |
| Total equity and liabilities | 10/49 | €63,439 | €58,383 | -€5,056 | -8.0% |
| Equity | 10/15 | €49,545 | €50,034 | +€489 | +1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,345 | €43,834 | +€489 | +1.1% |
| Amounts payable | 17/49 | €13,894 | €8,349 | -€5,545 | -39.9% |
| Amounts payable within one year | 42/48 | €13,894 | €8,349 | -€5,545 | -39.9% |
| Trade debts | 44 | €13,894 | €6,623 | -€7,270 | -52.3% |
| Suppliers | 440/4 | €13,894 | €6,623 | -€7,270 | -52.3% |
| Taxes, remuneration and social security | 45 | - | €1,725 | +€1,725 | |
| Taxes | 450/3 | - | €1,725 | +€1,725 | |
| Turnover | 70 | €102,482 | €95,199 | -€7,283 | -7.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €98,555 | €87,337 | -€11,218 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,167 | €487 | -€4,680 | -90.6% |
| Other operating charges | 640/8 | €847 | €750 | -€97 | -11.4% |
| Non-recurring operating charges | 66A | €130 | €60 | -€71 | -54.3% |
| Gross operating margin | 9900 | €3,927 | €7,862 | +€3,935 | +100% |
| Operating profit (loss) | 9901 | -€2,218 | €6,565 | +€8,782 | |
| Financial income | 75/76B | €3,122 | €2,469 | -€653 | -20.9% |
| Recurring financial income | 75 | €3,122 | €2,469 | -€653 | -20.9% |
| Financial charges | 65/66B | €235 | €5,336 | +€5,101 | +2,166% |
| Recurring financial charges | 65 | €235 | €5,336 | +€5,101 | +2,166% |
| Profit (loss) for the period before taxes | 9903 | €669 | €3,698 | +€3,028 | +452% |
| Income taxes | 67/77 | - | €3,209 | +€3,209 | |
| Profit (loss) for the period | 9904 | €669 | €489 | -€181 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €669 | €489 | -€181 | -27.0% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.