LSR Rénovation: 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.
LSR Rénovation
Largest movements
- Receivables within one year -€43,623
down €43,623 (-98.5%), from €44,272 to €649
of which Trade receivables: -€41,566
- Cash +€7,567
up €7,567 (+208%), from €3,646 to €11,213
mainly Receivables within one year (+€43,623) and Net result for the year (+€17,429)
- Tangible fixed assets -€4,234
down €4,234 (-90.4%), from €4,685 to €451
of which Furniture and vehicles: -€3,660
- Other debts -€44,737
down €44,737 (-68.9%), from €64,946 to €20,209
- Profit (loss) carried forward +€17,430
up €17,430 (+17.4%), from -€100,228 to -€82,798
- Trade debts -€12,008
down €12,008 (-94.3%), from €12,730 to €722
of which Bills of exchange payable: -€10,836
- Current portion of long-term debt -€5,462
no longer reported in 2025 (was €5,462)
- Tax, wage and social debts +€4,831
new in 2025: €4,831
of which Remuneration and social security: +€3,500
- Gross operating margin +€8,191
up €8,191 (+45.6%), from €17,976 to €26,167
- Depreciation -€5,215
down €5,215 (-55.2%), from €9,449 to €4,234
- Staff costs +€3,230
up €3,230 (+4,250%), from €76 to €3,306
- Financial charges -€524
down €524 (-30.0%), from €1,746 to €1,222
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 | €53,743 | €13,797 | -€39,946 | -74.3% |
| Fixed assets | 21/28 | €5,685 | €1,451 | -€4,234 | -74.5% |
| Tangible fixed assets | 22/27 | €4,685 | €451 | -€4,234 | -90.4% |
| Plant, machinery and equipment | 23 | €123 | - | -€123 | |
| Furniture and vehicles | 24 | €3,660 | - | -€3,660 | |
| Other tangible fixed assets | 26 | €902 | €451 | -€451 | -50.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €48,058 | €12,346 | -€35,712 | -74.3% |
| Amounts receivable within one year | 40/41 | €44,272 | €649 | -€43,623 | -98.5% |
| Trade receivables | 40 | €42,215 | €649 | -€41,566 | -98.5% |
| Other amounts receivable | 41 | €2,057 | - | -€2,057 | |
| Cash at bank and in hand | 54/58 | €3,646 | €11,213 | +€7,567 | +208% |
| Deferred charges and accrued income | 490/1 | €140 | €484 | +€344 | +246% |
| Total equity and liabilities | 10/49 | €53,743 | €13,797 | -€39,946 | -74.3% |
| Equity | 10/15 | -€29,395 | -€11,965 | +€17,430 | +59.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,233 | €52,233 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,861 | €1,861 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,861 | €1,861 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,372 | €34,372 | = | 0.0% |
| Distributable reserves | 133 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,228 | -€82,798 | +€17,430 | +17.4% |
| Amounts payable | 17/49 | €83,138 | €25,762 | -€57,376 | -69.0% |
| Amounts payable within one year | 42/48 | €83,138 | €25,762 | -€57,376 | -69.0% |
| Current portion of amounts payable after more than one year | 42 | €5,462 | - | -€5,462 | |
| Trade debts | 44 | €12,730 | €722 | -€12,008 | -94.3% |
| Suppliers | 440/4 | €1,894 | €722 | -€1,172 | -61.9% |
| Bills of exchange payable | 441 | €10,836 | - | -€10,836 | |
| Taxes, remuneration and social security | 45 | - | €4,831 | +€4,831 | |
| Taxes | 450/3 | - | €1,331 | +€1,331 | |
| Remuneration and social security | 454/9 | - | €3,500 | +€3,500 | |
| Other amounts payable | 47/48 | €64,946 | €20,209 | -€44,737 | -68.9% |
| Remuneration, social security and pensions | 62 | €76 | €3,306 | +€3,230 | +4,250% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,449 | €4,234 | -€5,215 | -55.2% |
| Other operating charges | 640/8 | €384 | €314 | -€70 | -18.2% |
| Non-recurring operating charges | 66A | €862 | - | -€862 | |
| Gross operating margin | 9900 | €17,976 | €26,167 | +€8,191 | +45.6% |
| Operating profit (loss) | 9901 | €7,205 | €18,313 | +€11,108 | +154% |
| Financial income | 75/76B | €373 | €346 | -€27 | -7.2% |
| Recurring financial income | 75 | €373 | €346 | -€27 | -7.2% |
| Financial charges | 65/66B | €1,746 | €1,222 | -€524 | -30.0% |
| Recurring financial charges | 65 | €1,746 | €1,222 | -€524 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €5,832 | €17,437 | +€11,605 | +199% |
| Income taxes | 67/77 | €5 | €8 | +€3 | +60.0% |
| Profit (loss) for the period | 9904 | €5,827 | €17,429 | +€11,602 | +199% |
| Profit (loss) for the period to be appropriated | 9905 | €5,827 | €17,429 | +€11,602 | +199% |
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 23 October 2026 via checked.be.