LOGIN RENOVATION: what changed
What changed
LOGIN RENOVATION
NACE 43.310, Plastering work
filed annual accounts (NBB)
Net result for the year
€49,636
2024 · €8,070+€41,566
Equity
€364,144
2024 · €314,508+€49,636
Cash
€272,411
2024 · €289,696-€17,285
Balance sheet total
€839,244
2024 · €1.2m-€348,804
Largest movements
Assets
- Receivables within one year -€288,835
down €288,835 (-44.7%), from €645,574 to €356,739
of which Other amounts receivable: -€199,145
- Tangible fixed assets -€42,693
down €42,693 (-16.9%), from €252,778 to €210,085
of which Furniture and vehicles: -€39,652
- Cash -€17,285
down €17,285 (-6.0%), from €289,696 to €272,411
mainly Other debts (-€195,926) and Trade debts (-€140,618)
Equity and liabilities
- Other debts -€195,926
down €195,926 (-47.0%), from €416,591 to €220,665
- Trade debts -€140,618
down €140,618 (-48.8%), from €288,238 to €147,620
- Profit (loss) carried forward +€49,636
up €49,636 (+111%), from €44,522 to €94,158
- Debts after one year -€31,236
down €31,236 (-35.9%), from €87,051 to €55,815
- Accrued charges and deferred income -€19,172
no longer reported in 2025 (was €19,172)
Income statement
- Turnover -€414,913
down €414,913 (-15.5%), from €2.7m to €2.3m
- Purchases and services -€413,132
down €413,132 (-16.5%), from €2.5m to €2.1m
- Staff costs -€31,114
down €31,114 (-57.2%), from €54,416 to €23,302
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€8,070
Gross operating margin
+€5,518
Staff costs
+€31,114
Depreciation
+€15,118
Other operating charges
+€775
Financial income
-€19
Financial charges
+€4,171
Taxes
-€15,111
Result 2025
€49,636
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€38,824
Investment
-€26,167
Financing
-€29,942
Cash 2024
€289,696
From operations (derived)
+€38,824
Net result for the year
+€49,636
Depreciation
+€68,860
Receivables within one year
+€288,835
Deferred charges and accrued income
-€9
Trade debts
-€140,618
Tax, wage and social debts
-€12,782
Other debts
-€195,926
Accrued charges and deferred income
-€19,172
Investment (derived)
-€26,167
Investment in fixed assets (net)
-€26,167
Financing
-€29,942
Debts after one year
-€31,236
Current portion of long-term debt
+€1,294
Cash 2025
€272,411
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,188,048 | €839,244 | -€348,804 | -29.4% |
| Fixed assets | 21/28 | €252,778 | €210,085 | -€42,693 | -16.9% |
| Tangible fixed assets | 22/27 | €252,778 | €210,085 | -€42,693 | -16.9% |
| Plant, machinery and equipment | 23 | €11,080 | €8,375 | -€2,705 | -24.4% |
| Furniture and vehicles | 24 | €241,362 | €201,710 | -€39,652 | -16.4% |
| Leasing and similar rights | 25 | €336 | - | -€336 | |
| Current assets | 29/58 | €935,270 | €629,159 | -€306,111 | -32.7% |
| Amounts receivable within one year | 40/41 | €645,574 | €356,739 | -€288,835 | -44.7% |
| Trade receivables | 40 | €215,074 | €125,384 | -€89,690 | -41.7% |
| Other amounts receivable | 41 | €430,500 | €231,355 | -€199,145 | -46.3% |
| Cash at bank and in hand | 54/58 | €289,696 | €272,411 | -€17,285 | -6.0% |
| Deferred charges and accrued income | 490/1 | - | €9 | +€9 | |
| Total equity and liabilities | 10/49 | €1,188,048 | €839,244 | -€348,804 | -29.4% |
| Equity | 10/15 | €314,508 | €364,144 | +€49,636 | +15.8% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Reserves | 13 | €258,986 | €258,986 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,126 | €7,126 | = | 0.0% |
| Distributable reserves | 133 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,522 | €94,158 | +€49,636 | +111% |
| Amounts payable | 17/49 | €873,540 | €475,100 | -€398,440 | -45.6% |
| Amounts payable after more than one year | 17 | €87,051 | €55,815 | -€31,236 | -35.9% |
| Financial debts | 170/4 | €87,051 | €55,815 | -€31,236 | -35.9% |
| Amounts payable within one year | 42/48 | €767,317 | €419,285 | -€348,032 | -45.4% |
| Current portion of amounts payable after more than one year | 42 | €29,695 | €30,989 | +€1,294 | +4.4% |
| Trade debts | 44 | €288,238 | €147,620 | -€140,618 | -48.8% |
| Suppliers | 440/4 | €288,238 | €147,620 | -€140,618 | -48.8% |
| Taxes, remuneration and social security | 45 | €32,793 | €20,011 | -€12,782 | -39.0% |
| Taxes | 450/3 | €20,037 | €20,011 | -€26 | -0.1% |
| Remuneration and social security | 454/9 | €12,756 | - | -€12,756 | |
| Other amounts payable | 47/48 | €416,591 | €220,665 | -€195,926 | -47.0% |
| Accrued charges and deferred income | 492/3 | €19,172 | - | -€19,172 | |
| Turnover | 70 | €2,670,839 | €2,255,926 | -€414,913 | -15.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,505,540 | €2,092,408 | -€413,132 | -16.5% |
| Remuneration, social security and pensions | 62 | €54,416 | €23,302 | -€31,114 | -57.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,978 | €68,860 | -€15,118 | -18.0% |
| Other operating charges | 640/8 | €8,956 | €8,181 | -€775 | -8.7% |
| Gross operating margin | 9900 | €165,299 | €170,817 | +€5,518 | +3.3% |
| Operating profit (loss) | 9901 | €17,949 | €70,474 | +€52,525 | +293% |
| Financial income | 75/76B | €19 | - | -€19 | |
| Recurring financial income | 75 | €19 | - | -€19 | |
| Financial charges | 65/66B | €7,448 | €3,277 | -€4,171 | -56.0% |
| Recurring financial charges | 65 | €7,448 | €3,277 | -€4,171 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | €10,520 | €67,197 | +€56,677 | +539% |
| Income taxes | 67/77 | €2,450 | €17,561 | +€15,111 | +617% |
| Profit (loss) for the period | 9904 | €8,070 | €49,636 | +€41,566 | +515% |
| Profit (loss) for the period to be appropriated | 9905 | €8,070 | €49,636 | +€41,566 | +515% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.