Project Renov: 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.
Project Renov
Largest movements
- Cash +€21,075
up €21,075 (+194%), from €10,852 to €31,926
mainly Tax, wage and social debts (+€17,550) and Net result for the year (+€15,254)
- Receivables within one year +€12,938
up €12,938 (+966%), from €1,340 to €14,277
of which Trade receivables: +€12,319
- Tangible fixed assets +€624
up €624 (+4.8%), from €12,984 to €13,607
- Tax, wage and social debts +€17,550
up €17,550 (+272%), from €6,450 to €24,000
of which Remuneration and social security: +€16,950
- Reserves +€13,000
up €13,000 (+130%), from €10,000 to €23,000
- Profit (loss) carried forward +€2,254
up €2,254 (+35.3%), from €6,388 to €8,642
- Other debts +€1,084
up €1,084 (+231%), from €469 to €1,553
- Trade debts +€749
up €749 (+82.6%), from €907 to €1,656
- Depreciation +€5,559
up €5,559 (+76.3%), from €7,287 to €12,845
- Gross operating margin +€5,272
up €5,272 (+17.2%), from €30,665 to €35,937
- Other operating charges +€1,285
up €1,285 (+194%), from €661 to €1,946
- Financial charges -€588
down €588 (-70.9%), from €829 to €241
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 | €25,213 | €59,851 | +€34,637 | +137% |
| Fixed assets | 21/28 | €12,984 | €13,607 | +€624 | +4.8% |
| Tangible fixed assets | 22/27 | €12,984 | €13,607 | +€624 | +4.8% |
| Furniture and vehicles | 24 | €12,984 | €13,607 | +€624 | +4.8% |
| Current assets | 29/58 | €12,230 | €46,243 | +€34,013 | +278% |
| Amounts receivable within one year | 40/41 | €1,340 | €14,277 | +€12,938 | +966% |
| Trade receivables | 40 | - | €12,319 | +€12,319 | |
| Other amounts receivable | 41 | €1,340 | €1,958 | +€619 | +46.2% |
| Cash at bank and in hand | 54/58 | €10,852 | €31,926 | +€21,075 | +194% |
| Deferred charges and accrued income | 490/1 | €39 | €40 | +€1 | +3.1% |
| Total equity and liabilities | 10/49 | €25,213 | €59,851 | +€34,637 | +137% |
| Equity | 10/15 | €17,388 | €32,642 | +€15,254 | +87.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €23,000 | +€13,000 | +130% |
| Distributable reserves | 133 | €10,000 | €23,000 | +€13,000 | +130% |
| Profit (loss) carried forward | 14 | €6,388 | €8,642 | +€2,254 | +35.3% |
| Amounts payable | 17/49 | €7,825 | €27,208 | +€19,383 | +248% |
| Amounts payable within one year | 42/48 | €7,825 | €27,208 | +€19,383 | +248% |
| Trade debts | 44 | €907 | €1,656 | +€749 | +82.6% |
| Suppliers | 440/4 | €907 | €1,656 | +€749 | +82.6% |
| Taxes, remuneration and social security | 45 | €6,450 | €24,000 | +€17,550 | +272% |
| Taxes | 450/3 | €6,450 | €7,050 | +€600 | +9.3% |
| Remuneration and social security | 454/9 | - | €16,950 | +€16,950 | |
| Other amounts payable | 47/48 | €469 | €1,553 | +€1,084 | +231% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,287 | €12,845 | +€5,559 | +76.3% |
| Other operating charges | 640/8 | €661 | €1,946 | +€1,285 | +194% |
| Gross operating margin | 9900 | €30,665 | €35,937 | +€5,272 | +17.2% |
| Operating profit (loss) | 9901 | €22,717 | €21,146 | -€1,571 | -6.9% |
| Financial income | 75/76B | - | €86 | +€86 | |
| Recurring financial income | 75 | - | €86 | +€86 | |
| Financial charges | 65/66B | €829 | €241 | -€588 | -70.9% |
| Recurring financial charges | 65 | €829 | €241 | -€588 | -70.9% |
| Profit (loss) for the period before taxes | 9903 | €21,888 | €20,991 | -€897 | -4.1% |
| Income taxes | 67/77 | €5,500 | €5,737 | +€237 | +4.3% |
| Profit (loss) for the period | 9904 | €16,388 | €15,254 | -€1,134 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,388 | €15,254 | -€1,134 | -6.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.