Renovation Solutions: 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 Solutions
Largest movements
- Cash +€29,419
up €29,419 (+6,779%), from €434 to €29,853
mainly Short-term financial debts (+€10,000) and Depreciation (+€9,406)
- Tangible fixed assets -€9,406
down €9,406 (-86.8%), from €10,835 to €1,428
- Receivables within one year -€8,481
down €8,481 (-14.8%), from €57,289 to €48,808
of which Trade receivables: -€9,980
- Stocks and contracts -€6,203
down €6,203 (-84.1%), from €7,373 to €1,170
- Short-term financial debts +€10,000
new in 2025: €10,000
- Trade debts -€8,528
down €8,528 (-84.6%), from €10,078 to €1,550
- Accrued charges and deferred income +€8,000
new in 2025: €8,000
- Debts after one year -€6,214
down €6,214 (-45.0%), from €13,822 to €7,609
- Reserves +€6,029
up €6,029 (+22.0%), from €27,354 to €33,384
- Gross operating margin +€3,310
up €3,310 (+18.6%), from €17,799 to €21,109
- Depreciation -€2,081
down €2,081 (-18.1%), from €11,488 to €9,406
- Financial charges +€1,504
up €1,504 (+104%), from €1,446 to €2,950
of which Financial charges: +€915
- Taxes +€564
up €564 (+34.8%), from €1,620 to €2,184
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 | €77,085 | €82,545 | +€5,460 | +7.1% |
| Fixed assets | 21/28 | €10,835 | €1,503 | -€9,331 | -86.1% |
| Tangible fixed assets | 22/27 | €10,835 | €1,428 | -€9,406 | -86.8% |
| Furniture and vehicles | 24 | €10,835 | €1,428 | -€9,406 | -86.8% |
| Financial fixed assets | 28 | - | €75 | +€75 | |
| Current assets | 29/58 | €66,250 | €81,042 | +€14,792 | +22.3% |
| Stocks and contracts in progress | 3 | €7,373 | €1,170 | -€6,203 | -84.1% |
| Stocks | 30/36 | €7,373 | €1,170 | -€6,203 | -84.1% |
| Amounts receivable within one year | 40/41 | €57,289 | €48,808 | -€8,481 | -14.8% |
| Trade receivables | 40 | €46,917 | €36,937 | -€9,980 | -21.3% |
| Other amounts receivable | 41 | €10,372 | €11,871 | +€1,499 | +14.5% |
| Cash at bank and in hand | 54/58 | €434 | €29,853 | +€29,419 | +6,779% |
| Deferred charges and accrued income | 490/1 | €1,154 | €1,211 | +€56 | +4.9% |
| Total equity and liabilities | 10/49 | €77,085 | €82,545 | +€5,460 | +7.1% |
| Equity | 10/15 | €40,354 | €46,384 | +€6,029 | +14.9% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €27,354 | €33,384 | +€6,029 | +22.0% |
| Distributable reserves | 133 | €27,354 | €33,384 | +€6,029 | +22.0% |
| Amounts payable | 17/49 | €36,730 | €36,161 | -€569 | -1.5% |
| Amounts payable after more than one year | 17 | €13,822 | €7,609 | -€6,214 | -45.0% |
| Financial debts | 170/4 | €13,822 | €7,609 | -€6,214 | -45.0% |
| Amounts payable within one year | 42/48 | €22,908 | €20,553 | -€2,355 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €5,943 | €6,214 | +€271 | +4.6% |
| Financial debts | 43 | - | €10,000 | +€10,000 | |
| Other loans | 439 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €10,078 | €1,550 | -€8,528 | -84.6% |
| Suppliers | 440/4 | €10,078 | €1,550 | -€8,528 | -84.6% |
| Taxes, remuneration and social security | 45 | €6,887 | €2,788 | -€4,099 | -59.5% |
| Taxes | 450/3 | €4,562 | €2,788 | -€1,774 | -38.9% |
| Remuneration and social security | 454/9 | €2,325 | - | -€2,325 | |
| Accrued charges and deferred income | 492/3 | - | €8,000 | +€8,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,488 | €9,406 | -€2,081 | -18.1% |
| Other operating charges | 640/8 | €1,401 | €1,303 | -€98 | -7.0% |
| Gross operating margin | 9900 | €17,799 | €21,109 | +€3,310 | +18.6% |
| Operating profit (loss) | 9901 | €4,910 | €10,400 | +€5,490 | +112% |
| Financial income | 75/76B | €586 | €763 | +€177 | +30.2% |
| Recurring financial income | 75 | €586 | €763 | +€177 | +30.2% |
| Financial charges | 65/66B | €1,446 | €2,950 | +€1,504 | +104% |
| Recurring financial charges | 65 | €1,446 | €2,361 | +€915 | +63.3% |
| Non-recurring financial charges | 66B | - | €589 | +€589 | |
| Profit (loss) for the period before taxes | 9903 | €4,051 | €8,213 | +€4,162 | +103% |
| Income taxes | 67/77 | €1,620 | €2,184 | +€564 | +34.8% |
| Profit (loss) for the period | 9904 | €2,431 | €6,029 | +€3,599 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €2,431 | €6,029 | +€3,599 | +148% |
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 22 October 2026 via checked.be.