RENOVATION IMMO 9: 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.
RENOVATION IMMO 9
Largest movements
- Cash +€526,247
up €526,247 (+767%), from €68,576 to €594,822
mainly Net result for the year (+€593,708) and Trade debts (+€289,611)
- Receivables within one year +€357,297
up €357,297 (+23.4%), from €1.5m to €1.9m
of which Other amounts receivable: +€196,406
- Reserves +€593,708
up €593,708 (+53.0%), from €1.1m to €1.7m
- Trade debts +€289,611
up €289,611 (+103%), from €281,357 to €570,968
- Other debts +€37,833
up €37,833 (+254%), from €14,873 to €52,707
- Gross operating margin +€283,390
up €283,390 (+32.9%), from €862,058 to €1.1m
- Taxes +€85,439
up €85,439 (+45.7%), from €187,080 to €272,518
- Staff costs +€23,946
up €23,946 (+9.5%), from €251,448 to €275,394
- Financial income +€14,079
up €14,079 (+246%), from €5,715 to €19,795
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 | €1,626,643 | €2,536,047 | +€909,404 | +55.9% |
| Fixed assets | 21/28 | €21,359 | €41,882 | +€20,522 | +96.1% |
| Tangible fixed assets | 22/27 | €20,435 | €40,958 | +€20,522 | +100% |
| Plant, machinery and equipment | 23 | €3,627 | €4,952 | +€1,325 | +36.5% |
| Furniture and vehicles | 24 | €6,400 | €26,154 | +€19,754 | +309% |
| Other tangible fixed assets | 26 | €10,408 | €9,851 | -€557 | -5.4% |
| Financial fixed assets | 28 | €924 | €924 | = | 0.0% |
| Current assets | 29/58 | €1,605,284 | €2,494,165 | +€888,882 | +55.4% |
| Stocks and contracts in progress | 3 | €5,884 | €7,863 | +€1,979 | +33.6% |
| Stocks | 30/36 | €5,884 | €7,863 | +€1,979 | +33.6% |
| Amounts receivable within one year | 40/41 | €1,528,048 | €1,885,345 | +€357,297 | +23.4% |
| Trade receivables | 40 | €1,176,690 | €1,337,582 | +€160,892 | +13.7% |
| Other amounts receivable | 41 | €351,358 | €547,764 | +€196,406 | +55.9% |
| Cash at bank and in hand | 54/58 | €68,576 | €594,822 | +€526,247 | +767% |
| Deferred charges and accrued income | 490/1 | €2,776 | €6,135 | +€3,359 | +121% |
| Total equity and liabilities | 10/49 | €1,626,643 | €2,536,047 | +€909,404 | +55.9% |
| Equity | 10/15 | €1,210,520 | €1,804,229 | +€593,708 | +49.0% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €1,120,545 | €1,714,253 | +€593,708 | +53.0% |
| Distributable reserves | 133 | €1,120,545 | €1,714,253 | +€593,708 | +53.0% |
| Profit (loss) carried forward | 14 | €83,675 | €83,675 | = | 0.0% |
| Amounts payable | 17/49 | €416,122 | €731,818 | +€315,696 | +75.9% |
| Amounts payable after more than one year | 17 | €23,416 | €7,932 | -€15,484 | -66.1% |
| Financial debts | 170/4 | €23,416 | €7,932 | -€15,484 | -66.1% |
| Amounts payable within one year | 42/48 | €392,675 | €723,799 | +€331,124 | +84.3% |
| Current portion of amounts payable after more than one year | 42 | €38,890 | €25,190 | -€13,700 | -35.2% |
| Financial debts | 43 | €40,357 | €51,031 | +€10,673 | +26.4% |
| Other loans | 439 | €40,357 | €51,031 | +€10,673 | +26.4% |
| Trade debts | 44 | €281,357 | €570,968 | +€289,611 | +103% |
| Suppliers | 440/4 | €281,357 | €570,968 | +€289,611 | +103% |
| Taxes, remuneration and social security | 45 | €17,197 | €23,903 | +€6,706 | +39.0% |
| Taxes | 450/3 | €3,934 | €3,905 | -€30 | -0.8% |
| Remuneration and social security | 454/9 | €13,263 | €19,999 | +€6,735 | +50.8% |
| Other amounts payable | 47/48 | €14,873 | €52,707 | +€37,833 | +254% |
| Accrued charges and deferred income | 492/3 | €32 | €88 | +€56 | +175% |
| Remuneration, social security and pensions | 62 | €251,448 | €275,394 | +€23,946 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,929 | €11,926 | +€4,997 | +72.1% |
| Other operating charges | 640/8 | €1,070 | €6,340 | +€5,270 | +492% |
| Gross operating margin | 9900 | €862,058 | €1,145,448 | +€283,390 | +32.9% |
| Operating profit (loss) | 9901 | €602,611 | €851,788 | +€249,177 | +41.3% |
| Financial income | 75/76B | €5,715 | €19,795 | +€14,079 | +246% |
| Recurring financial income | 75 | €5,715 | €19,795 | +€14,079 | +246% |
| Financial charges | 65/66B | €11,644 | €5,356 | -€6,288 | -54.0% |
| Recurring financial charges | 65 | €11,644 | €5,356 | -€6,288 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €596,682 | €866,227 | +€269,544 | +45.2% |
| Income taxes | 67/77 | €187,080 | €272,518 | +€85,439 | +45.7% |
| Profit (loss) for the period | 9904 | €409,602 | €593,708 | +€184,106 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €409,602 | €593,708 | +€184,106 | +44.9% |
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.