MASS 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.
MASS RENOVATION
Largest movements
- Receivables within one year -€10,983
down €10,983 (-39.3%), from €27,939 to €16,956
of which Trade receivables: -€12,488
- Tangible fixed assets -€3,966
down €3,966 (-92.4%), from €4,293 to €327
- Cash -€1,079
down €1,079 (-83.1%), from €1,299 to €220
mainly Other debts (-€13,139) and Tax, wage and social debts (-€2,195)
- Deferred charges and accrued income -€372
no longer reported in 2025 (was €372)
- Other debts -€13,139
down €13,139 (-70.2%), from €18,709 to €5,570
- Tax, wage and social debts -€2,195
down €2,195 (-39.5%), from €5,564 to €3,369
of which Taxes: -€2,195
- Profit (loss) carried forward -€633
down €633 (-10.2%), from €6,197 to €5,564
- Trade debts -€433
no longer reported in 2025 (was €433)
- Gross operating margin -€5,902
down €5,902 (-57.6%), from €10,253 to €4,351
- Other operating charges -€3,215
down €3,215 (-79.0%), from €4,068 to €853
- Taxes -€327
no longer reported in 2025 (was €327)
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 | €33,903 | €17,503 | -€16,400 | -48.4% |
| Fixed assets | 21/28 | €4,293 | €327 | -€3,966 | -92.4% |
| Tangible fixed assets | 22/27 | €4,293 | €327 | -€3,966 | -92.4% |
| Furniture and vehicles | 24 | €4,293 | €327 | -€3,966 | -92.4% |
| Current assets | 29/58 | €29,610 | €17,176 | -€12,434 | -42.0% |
| Amounts receivable within one year | 40/41 | €27,939 | €16,956 | -€10,983 | -39.3% |
| Trade receivables | 40 | €25,275 | €12,787 | -€12,488 | -49.4% |
| Other amounts receivable | 41 | €2,664 | €4,169 | +€1,505 | +56.5% |
| Cash at bank and in hand | 54/58 | €1,299 | €220 | -€1,079 | -83.1% |
| Deferred charges and accrued income | 490/1 | €372 | - | -€372 | |
| Total equity and liabilities | 10/49 | €33,903 | €17,503 | -€16,400 | -48.4% |
| Equity | 10/15 | €9,197 | €8,564 | -€633 | -6.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,197 | €5,564 | -€633 | -10.2% |
| Amounts payable | 17/49 | €24,706 | €8,939 | -€15,767 | -63.8% |
| Amounts payable within one year | 42/48 | €24,706 | €8,939 | -€15,767 | -63.8% |
| Trade debts | 44 | €433 | - | -€433 | |
| Suppliers | 440/4 | €433 | - | -€433 | |
| Taxes, remuneration and social security | 45 | €5,564 | €3,369 | -€2,195 | -39.5% |
| Taxes | 450/3 | €2,956 | €761 | -€2,195 | -74.3% |
| Remuneration and social security | 454/9 | €2,608 | €2,608 | = | 0.0% |
| Other amounts payable | 47/48 | €18,709 | €5,570 | -€13,139 | -70.2% |
| Non-recurring operating income | 76A | €7,050 | - | -€7,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,966 | €3,966 | = | 0.0% |
| Other operating charges | 640/8 | €4,068 | €853 | -€3,215 | -79.0% |
| Gross operating margin | 9900 | €10,253 | €4,351 | -€5,902 | -57.6% |
| Operating profit (loss) | 9901 | €2,219 | -€468 | -€2,687 | |
| Financial charges | 65/66B | €192 | €165 | -€27 | -14.1% |
| Recurring financial charges | 65 | €192 | €165 | -€27 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €2,027 | -€633 | -€2,660 | |
| Income taxes | 67/77 | €327 | - | -€327 | |
| Profit (loss) for the period | 9904 | €1,700 | -€633 | -€2,333 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,700 | -€633 | -€2,333 |
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 27 October 2026 via checked.be.