SAS RENOVATORS: 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.
SAS RENOVATORS
Largest movements
- Cash +€10,078
up €10,078 (+319%), from €3,163 to €13,241
mainly Other debts (+€19,093) and Trade debts (+€860)
- Tangible fixed assets +€2,030
up €2,030 (+246%), from €825 to €2,855
of which Plant, machinery and equipment: +€1,024
- Receivables within one year +€293
up €293 (+3.9%), from €7,506 to €7,799
of which Trade receivables: +€695
- Other debts +€19,093
up €19,093 (+152%), from €12,586 to €31,679
- Tax, wage and social debts -€8,033
no longer reported in 2025 (was €8,033)
of which Remuneration and social security: -€7,849
- Trade debts +€860
up €860 (+7.3%), from €11,781 to €12,641
- Profit (loss) carried forward +€482
up €482 (+2.3%), from -€20,907 to -€20,425
- Gross operating margin +€9,370
up €9,370, from -€6,559 to €2,811
- Staff costs +€713
up €713 (+180%), from €396 to €1,109
- Other operating charges +€450
up €450 (+256%), from €176 to €626
- Depreciation +€210
up €210 (+80.5%), from €261 to €471
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 | €11,494 | €23,895 | +€12,402 | +108% |
| Fixed assets | 21/28 | €825 | €2,855 | +€2,030 | +246% |
| Tangible fixed assets | 22/27 | €825 | €2,855 | +€2,030 | +246% |
| Plant, machinery and equipment | 23 | €825 | €1,849 | +€1,024 | +124% |
| Furniture and vehicles | 24 | - | €1,007 | +€1,007 | |
| Current assets | 29/58 | €10,669 | €21,040 | +€10,371 | +97.2% |
| Amounts receivable within one year | 40/41 | €7,506 | €7,799 | +€293 | +3.9% |
| Trade receivables | 40 | €5,681 | €6,376 | +€695 | +12.2% |
| Other amounts receivable | 41 | €1,825 | €1,423 | -€402 | -22.0% |
| Cash at bank and in hand | 54/58 | €3,163 | €13,241 | +€10,078 | +319% |
| Total equity and liabilities | 10/49 | €11,494 | €23,895 | +€12,402 | +108% |
| Equity | 10/15 | -€20,907 | -€20,425 | +€482 | +2.3% |
| Profit (loss) carried forward | 14 | -€20,907 | -€20,425 | +€482 | +2.3% |
| Amounts payable | 17/49 | €32,401 | €44,320 | +€11,919 | +36.8% |
| Amounts payable within one year | 42/48 | €32,401 | €44,320 | +€11,919 | +36.8% |
| Trade debts | 44 | €11,781 | €12,641 | +€860 | +7.3% |
| Suppliers | 440/4 | €11,781 | €12,641 | +€860 | +7.3% |
| Taxes, remuneration and social security | 45 | €8,033 | - | -€8,033 | |
| Taxes | 450/3 | €184 | - | -€184 | |
| Remuneration and social security | 454/9 | €7,849 | - | -€7,849 | |
| Other amounts payable | 47/48 | €12,586 | €31,679 | +€19,093 | +152% |
| Remuneration, social security and pensions | 62 | €396 | €1,109 | +€713 | +180% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €261 | €471 | +€210 | +80.5% |
| Other operating charges | 640/8 | €176 | €626 | +€450 | +256% |
| Gross operating margin | 9900 | -€6,559 | €2,811 | +€9,370 | |
| Operating profit (loss) | 9901 | -€7,392 | €605 | +€7,996 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €60 | €60 | = | 0.0% |
| Recurring financial charges | 65 | €60 | €60 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,450 | €545 | +€7,995 | |
| Income taxes | 67/77 | - | €62 | +€62 | |
| Profit (loss) for the period | 9904 | -€7,450 | €482 | +€7,932 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,450 | €482 | +€7,932 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.