RENOVATION.SIM: 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.SIM
Largest movements
- Tangible fixed assets +€90,780
up €90,780 (+1,807%), from €5,023 to €95,803
of which Land and buildings: +€93,634
- Deferred charges and accrued income +€21,217
up €21,217 (+3,020%), from €703 to €21,920
- Receivables within one year -€3,646
down €3,646 (-15.5%), from €23,459 to €19,812
of which Trade receivables: -€11,923
- Debts after one year +€104,000
up €104,000, from €0 to €104,000
- Current portion of long-term debt +€9,054
up €9,054 (+362%), from €2,502 to €11,556
- Profit (loss) carried forward -€6,304
down €6,304 (-63.7%), from €9,904 to €3,600
- Trade debts +€3,394
up €3,394 (+73.3%), from €4,629 to €8,023
- Tax, wage and social debts -€3,074
down €3,074 (-100%), from €3,074 to €0
of which Taxes: -€3,074
- Gross operating margin -€14,909
down €14,909 (-56.1%), from €26,566 to €11,657
- Other operating charges +€11,989
up €11,989 (+1,528%), from €785 to €12,774
- Depreciation -€3,645
down €3,645 (-46.3%), from €7,864 to €4,220
- Taxes -€2,320
down €2,320 (-92.8%), from €2,500 to €180
- Financial charges +€511
up €511 (+185%), from €276 to €787
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 | €33,352 | €140,336 | +€106,984 | +321% |
| Fixed assets | 21/28 | €5,023 | €95,803 | +€90,780 | +1,807% |
| Tangible fixed assets | 22/27 | €5,023 | €95,803 | +€90,780 | +1,807% |
| Land and buildings | 22 | - | €93,634 | +€93,634 | |
| Plant, machinery and equipment | 23 | €3,679 | €1,596 | -€2,083 | -56.6% |
| Furniture and vehicles | 24 | €1,343 | €573 | -€770 | -57.3% |
| Current assets | 29/58 | €28,329 | €44,533 | +€16,204 | +57.2% |
| Amounts receivable within one year | 40/41 | €23,459 | €19,812 | -€3,646 | -15.5% |
| Trade receivables | 40 | €23,459 | €11,536 | -€11,923 | -50.8% |
| Other amounts receivable | 41 | €0 | €8,276 | +€8,276 | |
| Cash at bank and in hand | 54/58 | €4,168 | €2,801 | -€1,366 | -32.8% |
| Deferred charges and accrued income | 490/1 | €703 | €21,920 | +€21,217 | +3,020% |
| Total equity and liabilities | 10/49 | €33,352 | €140,336 | +€106,984 | +321% |
| Equity | 10/15 | €23,062 | €16,758 | -€6,304 | -27.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €758 | €758 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €758 | €758 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,904 | €3,600 | -€6,304 | -63.7% |
| Amounts payable | 17/49 | €10,290 | €123,578 | +€113,288 | +1,101% |
| Amounts payable after more than one year | 17 | €0 | €104,000 | +€104,000 | |
| Financial debts | 170/4 | €0 | €104,000 | +€104,000 | |
| Amounts payable within one year | 42/48 | €10,290 | €19,578 | +€9,289 | +90.3% |
| Current portion of amounts payable after more than one year | 42 | €2,502 | €11,556 | +€9,054 | +362% |
| Trade debts | 44 | €4,629 | €8,023 | +€3,394 | +73.3% |
| Suppliers | 440/4 | €4,629 | €8,023 | +€3,394 | +73.3% |
| Taxes, remuneration and social security | 45 | €3,074 | €0 | -€3,074 | -100% |
| Taxes | 450/3 | €3,074 | €0 | -€3,074 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €85 | €0 | -€85 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,864 | €4,220 | -€3,645 | -46.3% |
| Other operating charges | 640/8 | €785 | €12,774 | +€11,989 | +1,528% |
| Gross operating margin | 9900 | €26,566 | €11,657 | -€14,909 | -56.1% |
| Operating profit (loss) | 9901 | €17,917 | -€5,337 | -€23,254 | |
| Financial income | 75/76B | €1 | €0 | -€0 | -26.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -26.0% |
| Financial charges | 65/66B | €276 | €787 | +€511 | +185% |
| Recurring financial charges | 65 | €276 | €787 | +€511 | +185% |
| Profit (loss) for the period before taxes | 9903 | €17,642 | -€6,123 | -€23,765 | |
| Income taxes | 67/77 | €2,500 | €180 | -€2,320 | -92.8% |
| Profit (loss) for the period | 9904 | €15,142 | -€6,304 | -€21,445 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,142 | -€6,304 | -€21,445 |
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 17 October 2026 via checked.be.