LL 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.
LL RENOVATION
Largest movements
- Tangible fixed assets +€36,792
up €36,792 (+728%), from €5,057 to €41,849
of which Furniture and vehicles: +€35,422
- Receivables within one year -€15,293
down €15,293 (-7.8%), from €195,922 to €180,629
of which Other amounts receivable: -€16,208
- Cash +€11,416
up €11,416 (+1,392%), from €820 to €12,237
mainly Trade debts (+€46,061) and Debts after one year (+€22,522)
- Stocks and contracts -€10,000
no longer reported in 2025 (was €10,000)
- Trade debts +€46,061
up €46,061 (+80.3%), from €57,362 to €103,422
- Advances received -€25,307
down €25,307 (-44.8%), from €56,458 to €31,151
- Debts after one year +€22,522
new in 2025: €22,522
- Other debts -€17,422
down €17,422 (-98.7%), from €17,650 to €228
- Profit (loss) carried forward -€12,871
down €12,871 (-16.2%), from €79,642 to €66,772
- Gross operating margin +€111,882
up €111,882, from -€19,721 to €92,161
- Write-downs +€97,108
new in 2025: €97,108
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 | €214,112 | €237,815 | +€23,703 | +11.1% |
| Fixed assets | 21/28 | €6,375 | €43,167 | +€36,792 | +577% |
| Tangible fixed assets | 22/27 | €5,057 | €41,849 | +€36,792 | +728% |
| Plant, machinery and equipment | 23 | €968 | €2,338 | +€1,370 | +142% |
| Furniture and vehicles | 24 | €4,089 | €39,511 | +€35,422 | +866% |
| Financial fixed assets | 28 | €1,318 | €1,318 | = | 0.0% |
| Current assets | 29/58 | €207,738 | €194,648 | -€13,090 | -6.3% |
| Stocks and contracts in progress | 3 | €10,000 | - | -€10,000 | |
| Stocks | 30/36 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €195,922 | €180,629 | -€15,293 | -7.8% |
| Trade receivables | 40 | €179,711 | €180,625 | +€914 | +0.5% |
| Other amounts receivable | 41 | €16,211 | €4 | -€16,208 | -100.0% |
| Cash at bank and in hand | 54/58 | €820 | €12,237 | +€11,416 | +1,392% |
| Deferred charges and accrued income | 490/1 | €995 | €1,783 | +€787 | +79.1% |
| Total equity and liabilities | 10/49 | €214,112 | €237,815 | +€23,703 | +11.1% |
| Equity | 10/15 | €82,642 | €69,772 | -€12,871 | -15.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,642 | €66,772 | -€12,871 | -16.2% |
| Amounts payable | 17/49 | €131,470 | €168,044 | +€36,574 | +27.8% |
| Amounts payable after more than one year | 17 | - | €22,522 | +€22,522 | |
| Financial debts | 170/4 | - | €22,522 | +€22,522 | |
| Amounts payable within one year | 42/48 | €131,470 | €145,521 | +€14,051 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,642 | +€5,642 | |
| Trade debts | 44 | €57,362 | €103,422 | +€46,061 | +80.3% |
| Suppliers | 440/4 | €57,362 | €103,422 | +€46,061 | +80.3% |
| Advances received on contracts in progress | 46 | €56,458 | €31,151 | -€25,307 | -44.8% |
| Taxes, remuneration and social security | 45 | - | €5,077 | +€5,077 | |
| Taxes | 450/3 | - | €5,077 | +€5,077 | |
| Other amounts payable | 47/48 | €17,650 | €228 | -€17,422 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,726 | €5,693 | -€33 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €97,108 | +€97,108 | |
| Other operating charges | 640/8 | €916 | €1,417 | +€501 | +54.7% |
| Gross operating margin | 9900 | -€19,721 | €92,161 | +€111,882 | |
| Operating profit (loss) | 9901 | -€26,363 | -€12,056 | +€14,307 | +54.3% |
| Financial income | 75/76B | €46 | €182 | +€135 | +292% |
| Recurring financial income | 75 | €46 | €182 | +€135 | +292% |
| Financial charges | 65/66B | €484 | €857 | +€372 | +76.9% |
| Recurring financial charges | 65 | €484 | €857 | +€372 | +76.9% |
| Profit (loss) for the period before taxes | 9903 | -€26,801 | -€12,731 | +€14,070 | +52.5% |
| Income taxes | 67/77 | - | €140 | +€140 | |
| Profit (loss) for the period | 9904 | -€26,801 | -€12,871 | +€13,931 | +52.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,801 | -€12,871 | +€13,931 | +52.0% |
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 28 October 2026 via checked.be.