STANDING RENOVATION: 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.
STANDING RENOVATION
Largest movements
- Cash +€39,373
up €39,373 (+2,543%), from €1,548 to €40,921
mainly Net result for the year (+€37,867) and Other debts (+€17,550)
- Receivables within one year -€15,063
down €15,063 (-44.2%), from €34,071 to €19,008
of which Trade receivables: -€15,083
- Current investments -€7,281
down €7,281 (-4.0%), from €181,409 to €174,129
- Deferred charges and accrued income +€4,055
up €4,055 (+858%), from €473 to €4,527
- Other debts +€17,550
up €17,550 (+63.4%), from €27,667 to €45,217
- Accrued charges and deferred income +€4,409
new in 2025: €4,409
- Reserves -€4,277
down €4,277 (-4.2%), from €100,862 to €96,586
- Gross operating margin +€9,609
up €9,609 (+22.1%), from €43,408 to €53,017
- Financial charges +€629
up €629 (+72.6%), from €867 to €1,496
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 | €218,072 | €239,156 | +€21,084 | +9.7% |
| Fixed assets | 21/28 | €571 | €571 | = | 0.0% |
| Financial fixed assets | 28 | €571 | €571 | = | 0.0% |
| Current assets | 29/58 | €217,501 | €238,585 | +€21,084 | +9.7% |
| Amounts receivable within one year | 40/41 | €34,071 | €19,008 | -€15,063 | -44.2% |
| Trade receivables | 40 | €34,071 | €18,988 | -€15,083 | -44.3% |
| Other amounts receivable | 41 | - | €20 | +€20 | |
| Current investments | 50/53 | €181,409 | €174,129 | -€7,281 | -4.0% |
| Cash at bank and in hand | 54/58 | €1,548 | €40,921 | +€39,373 | +2,543% |
| Deferred charges and accrued income | 490/1 | €473 | €4,527 | +€4,055 | +858% |
| Total equity and liabilities | 10/49 | €218,072 | €239,156 | +€21,084 | +9.7% |
| Equity | 10/15 | €164,259 | €159,982 | -€4,277 | -2.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €100,862 | €96,586 | -€4,277 | -4.2% |
| Distributable reserves | 133 | €100,862 | €96,586 | -€4,277 | -4.2% |
| Profit (loss) carried forward | 14 | €42,936 | €42,936 | = | 0.0% |
| Amounts payable | 17/49 | €53,813 | €79,175 | +€25,361 | +47.1% |
| Amounts payable within one year | 42/48 | €53,813 | €74,766 | +€20,953 | +38.9% |
| Trade debts | 44 | €12,755 | €14,980 | +€2,225 | +17.4% |
| Suppliers | 440/4 | €12,755 | €14,980 | +€2,225 | +17.4% |
| Advances received on contracts in progress | 46 | €469 | - | -€469 | |
| Taxes, remuneration and social security | 45 | €12,923 | €14,569 | +€1,646 | +12.7% |
| Taxes | 450/3 | €12,923 | €14,569 | +€1,646 | +12.7% |
| Other amounts payable | 47/48 | €27,667 | €45,217 | +€17,550 | +63.4% |
| Accrued charges and deferred income | 492/3 | - | €4,409 | +€4,409 | |
| Other operating charges | 640/8 | €387 | €408 | +€21 | +5.4% |
| Gross operating margin | 9900 | €43,408 | €53,017 | +€9,609 | +22.1% |
| Operating profit (loss) | 9901 | €43,020 | €52,608 | +€9,588 | +22.3% |
| Financial income | 75/76B | €1,446 | €1,550 | +€104 | +7.2% |
| Recurring financial income | 75 | €1,446 | €1,550 | +€104 | +7.2% |
| Financial charges | 65/66B | €867 | €1,496 | +€629 | +72.6% |
| Recurring financial charges | 65 | €867 | €1,496 | +€629 | +72.6% |
| Profit (loss) for the period before taxes | 9903 | €43,599 | €52,662 | +€9,063 | +20.8% |
| Income taxes | 67/77 | €14,316 | €14,795 | +€480 | +3.4% |
| Profit (loss) for the period | 9904 | €29,283 | €37,867 | +€8,583 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,283 | €37,867 | +€8,583 | +29.3% |
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 25 October 2026 via checked.be.