RENOVATION DR: what changed
RENOVATION DR
Largest movements
- Tangible fixed assets +€144,584
up €144,584 (+485%), from €29,782 to €174,367
of which Furniture and vehicles: +€79,658
- Receivables within one year +€41,349
up €41,349 (+46.9%), from €88,175 to €129,524
of which Trade receivables: +€59,449
- Cash +€21,339
up €21,339 (+2,299%), from €928 to €22,267
mainly Debts after one year (+€52,796) and Trade debts (+€43,718)
- Deferred charges and accrued income -€12,277
down €12,277 (-75.6%), from €16,230 to €3,953
- Financial fixed assets +€3,500
new in 2025: €3,500
- Debts after one year +€52,796
up €52,796 (+495%), from €10,670 to €63,466
- Trade debts +€43,718
up €43,718 (+396%), from €11,028 to €54,746
- Reserves +€33,641
up €33,641 (+332%), from €10,137 to €43,778
- Accrued charges and deferred income +€31,603
up €31,603 (+364%), from €8,672 to €40,275
- Current portion of long-term debt +€26,239
up €26,239 (+178%), from €14,735 to €40,974
- Gross operating margin +€65,347
up €65,347 (+471%), from €13,887 to €79,234
- Depreciation +€16,277
up €16,277 (+478%), from €3,408 to €19,685
- Taxes +€12,920
up €12,920 (+555%), from €2,328 to €15,248
- Financial charges +€5,226
up €5,226 (+211%), from €2,475 to €7,701
- Other operating charges +€937
up €937 (+47.3%), from €1,980 to €2,918
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €135,115 | €336,861 | +€201,746 | +149% |
| Fixed assets | 21/28 | €29,782 | €177,867 | +€148,084 | +497% |
| Tangible fixed assets | 22/27 | €29,782 | €174,367 | +€144,584 | +485% |
| Plant, machinery and equipment | 23 | €6,820 | €71,746 | +€64,926 | +952% |
| Furniture and vehicles | 24 | €22,962 | €102,621 | +€79,658 | +347% |
| Financial fixed assets | 28 | - | €3,500 | +€3,500 | |
| Current assets | 29/58 | €105,333 | €158,995 | +€53,662 | +50.9% |
| Stocks and contracts in progress | 3 | - | €3,250 | +€3,250 | |
| Stocks | 30/36 | - | €3,250 | +€3,250 | |
| Amounts receivable within one year | 40/41 | €88,175 | €129,524 | +€41,349 | +46.9% |
| Trade receivables | 40 | €4,678 | €64,127 | +€59,449 | +1,271% |
| Other amounts receivable | 41 | €83,497 | €65,397 | -€18,099 | -21.7% |
| Cash at bank and in hand | 54/58 | €928 | €22,267 | +€21,339 | +2,299% |
| Deferred charges and accrued income | 490/1 | €16,230 | €3,953 | -€12,277 | -75.6% |
| Total equity and liabilities | 10/49 | €135,115 | €336,861 | +€201,746 | +149% |
| Equity | 10/15 | €70,914 | €104,555 | +€33,641 | +47.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,137 | €43,778 | +€33,641 | +332% |
| Distributable reserves | 133 | €10,137 | €43,778 | +€33,641 | +332% |
| Profit (loss) carried forward | 14 | €54,577 | €54,577 | = | 0.0% |
| Amounts payable | 17/49 | €64,201 | €232,306 | +€168,105 | +262% |
| Amounts payable after more than one year | 17 | €10,670 | €63,466 | +€52,796 | +495% |
| Financial debts | 170/4 | €10,670 | €63,466 | +€52,796 | +495% |
| Amounts payable within one year | 42/48 | €44,859 | €128,565 | +€83,706 | +187% |
| Current portion of amounts payable after more than one year | 42 | €14,735 | €40,974 | +€26,239 | +178% |
| Trade debts | 44 | €11,028 | €54,746 | +€43,718 | +396% |
| Suppliers | 440/4 | €11,028 | €54,746 | +€43,718 | +396% |
| Advances received on contracts in progress | 46 | - | €4,024 | +€4,024 | |
| Taxes, remuneration and social security | 45 | €19,097 | €28,822 | +€9,725 | +50.9% |
| Taxes | 450/3 | €19,097 | €28,822 | +€9,725 | +50.9% |
| Accrued charges and deferred income | 492/3 | €8,672 | €40,275 | +€31,603 | +364% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,408 | €19,685 | +€16,277 | +478% |
| Other operating charges | 640/8 | €1,980 | €2,918 | +€937 | +47.3% |
| Non-recurring operating charges | 66A | €0 | €44 | +€44 | |
| Gross operating margin | 9900 | €13,887 | €79,234 | +€65,347 | +471% |
| Operating profit (loss) | 9901 | €8,498 | €56,588 | +€48,089 | +566% |
| Financial income | 75/76B | €0 | €3 | +€3 | +12,650% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +12,650% |
| Financial charges | 65/66B | €2,475 | €7,701 | +€5,226 | +211% |
| Recurring financial charges | 65 | €2,475 | €7,701 | +€5,226 | +211% |
| Profit (loss) for the period before taxes | 9903 | €6,023 | €48,889 | +€42,865 | +712% |
| Income taxes | 67/77 | €2,328 | €15,248 | +€12,920 | +555% |
| Profit (loss) for the period | 9904 | €3,695 | €33,641 | +€29,946 | +810% |
| Profit (loss) for the period to be appropriated | 9905 | €3,695 | €33,641 | +€29,946 | +810% |
Next steps
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 4 November 2026 via checked.be.