S-RENOVATION: what changed
What changed
S-RENOVATION
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
€6,644
2024 · €17,855-€11,211
Equity
€158,752
2024 · €152,108+€6,644
Cash
€25,639
2024 · €25,398+€241
Balance sheet total
€191,277
2024 · €187,778+€3,499
Largest movements
Assets
- Tangible fixed assets -€12,559
down €12,559 (-17.6%), from €71,558 to €58,999
of which Furniture and vehicles: -€11,372
- Receivables within one year +€11,959
up €11,959 (+14.4%), from €82,960 to €94,919
of which Other amounts receivable: +€15,067
- Deferred charges and accrued income +€3,858
up €3,858 (+50.6%), from €7,629 to €11,487
Equity and liabilities
- Reserves +€6,644
up €6,644 (+20.5%), from €32,465 to €39,109
- Tax, wage and social debts -€2,270
down €2,270 (-15.5%), from €14,648 to €12,378
of which Taxes: -€2,581
Income statement
- Gross operating margin -€14,255
down €14,255 (-35.3%), from €40,384 to €26,129
- Taxes -€5,850
down €5,850 (-86.8%), from €6,738 to €888
- Depreciation +€2,895
up €2,895 (+20.1%), from €14,395 to €17,290
Change in the result, 2024 to 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.
Result 2024
€17,855
Gross operating margin
-€14,255
Depreciation
-€2,895
Other operating charges
+€94
Other operating items
-€58
Financial income
-€1
Financial charges
+€54
Taxes
+€5,850
Result 2025
€6,644
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€4,969
Investment
-€4,731
Financing
+€3
Cash 2024
€25,398
From operations (derived)
+€4,969
Net result for the year
+€6,644
Depreciation
+€17,290
Receivables within one year
-€11,959
Deferred charges and accrued income
-€3,858
Trade debts
-€628
Tax, wage and social debts
-€2,270
Other debts
-€250
Investment (derived)
-€4,731
Investment in fixed assets (net)
-€4,731
Financing
+€3
Current portion of long-term debt
+€3
Cash 2025
€25,639
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €187,778 | €191,277 | +€3,499 | +1.9% |
| Fixed assets | 21/28 | €71,791 | €59,232 | -€12,559 | -17.5% |
| Tangible fixed assets | 22/27 | €71,558 | €58,999 | -€12,559 | -17.6% |
| Plant, machinery and equipment | 23 | €5,385 | €4,198 | -€1,187 | -22.0% |
| Furniture and vehicles | 24 | €66,173 | €54,801 | -€11,372 | -17.2% |
| Financial fixed assets | 28 | €233 | €233 | = | 0.0% |
| Current assets | 29/58 | €115,987 | €132,045 | +€16,058 | +13.8% |
| Amounts receivable within one year | 40/41 | €82,960 | €94,919 | +€11,959 | +14.4% |
| Trade receivables | 40 | €73,033 | €69,925 | -€3,108 | -4.3% |
| Other amounts receivable | 41 | €9,927 | €24,994 | +€15,067 | +152% |
| Cash at bank and in hand | 54/58 | €25,398 | €25,639 | +€241 | +0.9% |
| Deferred charges and accrued income | 490/1 | €7,629 | €11,487 | +€3,858 | +50.6% |
| Total equity and liabilities | 10/49 | €187,778 | €191,277 | +€3,499 | +1.9% |
| Equity | 10/15 | €152,108 | €158,752 | +€6,644 | +4.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €32,465 | €39,109 | +€6,644 | +20.5% |
| Non-distributable reserves | 130/1 | €32,465 | €39,109 | +€6,644 | +20.5% |
| Reserves not available under the articles | 1311 | €32,465 | €39,109 | +€6,644 | +20.5% |
| Profit (loss) carried forward | 14 | €107,243 | €107,243 | = | 0.0% |
| Amounts payable | 17/49 | €35,670 | €32,525 | -€3,145 | -8.8% |
| Amounts payable within one year | 42/48 | €35,670 | €32,525 | -€3,145 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €2,065 | €2,068 | +€3 | +0.1% |
| Trade debts | 44 | €16,764 | €16,136 | -€628 | -3.7% |
| Suppliers | 440/4 | €16,764 | €16,136 | -€628 | -3.7% |
| Taxes, remuneration and social security | 45 | €14,648 | €12,378 | -€2,270 | -15.5% |
| Taxes | 450/3 | €5,634 | €3,053 | -€2,581 | -45.8% |
| Remuneration and social security | 454/9 | €9,014 | €9,325 | +€311 | +3.5% |
| Other amounts payable | 47/48 | €2,193 | €1,943 | -€250 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,395 | €17,290 | +€2,895 | +20.1% |
| Other operating charges | 640/8 | €1,033 | €939 | -€94 | -9.1% |
| Non-recurring operating charges | 66A | - | €58 | +€58 | |
| Gross operating margin | 9900 | €40,384 | €26,129 | -€14,255 | -35.3% |
| Operating profit (loss) | 9901 | €24,956 | €7,842 | -€17,114 | -68.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €364 | €310 | -€54 | -14.8% |
| Recurring financial charges | 65 | €364 | €310 | -€54 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €24,593 | €7,532 | -€17,061 | -69.4% |
| Income taxes | 67/77 | €6,738 | €888 | -€5,850 | -86.8% |
| Profit (loss) for the period | 9904 | €17,855 | €6,644 | -€11,211 | -62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,855 | €6,644 | -€11,211 | -62.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.