R-Renovations: 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.
R-Renovations
Largest movements
- Stocks and contracts -€435,000
down €435,000 (-100%), from €435,000 to €0
- Receivables within one year -€31,281
down €31,281 (-75.0%), from €41,697 to €10,416
of which Trade receivables: -€16,531
- Short-term financial debts -€325,697
down €325,697 (-100%), from €325,697 to €0
- Debts after one year -€68,796
down €68,796 (-89.5%), from €76,871 to €8,074
- Trade debts -€47,811
down €47,811 (-46.7%), from €102,278 to €54,466
- Accrued charges and deferred income -€20,000
down €20,000 (-66.7%), from €30,000 to €10,000
- Profit (loss) carried forward -€11,066
down €11,066 (-12.7%), from -€87,017 to -€98,082
- Financial charges -€18,760
down €18,760 (-35.4%), from €53,006 to €34,246
of which Financial charges: -€19,759
- Staff costs -€14,001
down €14,001 (-100%), from €14,001 to €0
- Gross operating margin +€6,134
up €6,134 (+30.9%), from €19,838 to €25,972
- Other operating charges -€4,544
down €4,544 (-53.1%), from €8,556 to €4,011
- Financial income +€1,470
up €1,470 (+4,843%), from €30 to €1,500
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 | €481,349 | €14,233 | -€467,116 | -97.0% |
| Fixed assets | 21/28 | €3,952 | €479 | -€3,473 | -87.9% |
| Tangible fixed assets | 22/27 | €2,952 | €479 | -€2,473 | -83.8% |
| Furniture and vehicles | 24 | €2,952 | €479 | -€2,473 | -83.8% |
| Financial fixed assets | 28 | €1,000 | €0 | -€1,000 | -100% |
| Current assets | 29/58 | €477,397 | €13,753 | -€463,643 | -97.1% |
| Stocks and contracts in progress | 3 | €435,000 | €0 | -€435,000 | -100% |
| Stocks | 30/36 | €435,000 | €0 | -€435,000 | -100% |
| Amounts receivable within one year | 40/41 | €41,697 | €10,416 | -€31,281 | -75.0% |
| Trade receivables | 40 | €26,909 | €10,377 | -€16,531 | -61.4% |
| Other amounts receivable | 41 | €14,789 | €39 | -€14,750 | -99.7% |
| Cash at bank and in hand | 54/58 | €0 | €3,337 | +€3,337 | |
| Deferred charges and accrued income | 490/1 | €699 | €0 | -€699 | -100% |
| Total equity and liabilities | 10/49 | €481,349 | €14,233 | -€467,116 | -97.0% |
| Equity | 10/15 | -€85,017 | -€96,082 | -€11,066 | -13.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,017 | -€98,082 | -€11,066 | -12.7% |
| Amounts payable | 17/49 | €566,366 | €110,315 | -€456,050 | -80.5% |
| Amounts payable after more than one year | 17 | €76,871 | €8,074 | -€68,796 | -89.5% |
| Other amounts payable | 178/9 | €76,871 | €8,074 | -€68,796 | -89.5% |
| Amounts payable within one year | 42/48 | €459,495 | €92,241 | -€367,254 | -79.9% |
| Financial debts | 43 | €325,697 | €0 | -€325,697 | -100% |
| Credit institutions | 430/8 | €325,697 | €0 | -€325,697 | -100% |
| Trade debts | 44 | €102,278 | €54,466 | -€47,811 | -46.7% |
| Suppliers | 440/4 | €102,278 | €54,466 | -€47,811 | -46.7% |
| Taxes, remuneration and social security | 45 | €1,322 | €7,774 | +€6,452 | +488% |
| Taxes | 450/3 | €1,073 | €7,774 | +€6,701 | +625% |
| Remuneration and social security | 454/9 | €249 | €0 | -€249 | -100% |
| Other amounts payable | 47/48 | €30,198 | €30,000 | -€198 | -0.7% |
| Accrued charges and deferred income | 492/3 | €30,000 | €10,000 | -€20,000 | -66.7% |
| Remuneration, social security and pensions | 62 | €14,001 | €0 | -€14,001 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,268 | €240 | -€1,028 | -81.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €8,556 | €4,011 | -€4,544 | -53.1% |
| Gross operating margin | 9900 | €19,838 | €25,972 | +€6,134 | +30.9% |
| Operating profit (loss) | 9901 | -€3,987 | €21,720 | +€25,707 | |
| Financial income | 75/76B | €30 | €1,500 | +€1,470 | +4,843% |
| Recurring financial income | 75 | €30 | €1,500 | +€1,470 | +4,843% |
| Financial charges | 65/66B | €53,006 | €34,246 | -€18,760 | -35.4% |
| Recurring financial charges | 65 | €53,006 | €33,247 | -€19,759 | -37.3% |
| Non-recurring financial charges | 66B | - | €999 | +€999 | |
| Profit (loss) for the period before taxes | 9903 | -€56,962 | -€11,026 | +€45,937 | +80.6% |
| Income taxes | 67/77 | €277 | €40 | -€237 | -85.7% |
| Profit (loss) for the period | 9904 | -€57,239 | -€11,066 | +€46,173 | +80.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,239 | -€11,066 | +€46,173 | +80.7% |
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.