TON 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.
TON RENOVATION
Largest movements
- Receivables within one year +€15,112
up €15,112 (+67.0%), from €22,538 to €37,650
of which Other amounts receivable: +€18,715
- Cash +€2,068
up €2,068 (+75.8%), from €2,730 to €4,799
mainly Net result for the year (+€12,058) and Tax, wage and social debts (+€3,015)
- Reserves +€12,058
up €12,058 (+244%), from €4,947 to €17,005
- Tax, wage and social debts +€3,015
up €3,015 (+63.4%), from €4,759 to €7,773
- Trade debts +€2,107
up €2,107 (+79.3%), from €2,658 to €4,765
- Gross operating margin +€12,316
up €12,316 (+75.3%), from €16,357 to €28,674
- Write-downs +€10,809
new in 2025: €10,809
- Depreciation -€4,576
no longer reported in 2025 (was €4,576)
- Taxes -€2,249
down €2,249 (-42.7%), from €5,264 to €3,015
- Other operating charges +€2,005
up €2,005 (+1,348%), from €149 to €2,154
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 | €25,269 | €42,449 | +€17,180 | +68.0% |
| Current assets | 29/58 | €25,269 | €42,449 | +€17,180 | +68.0% |
| Amounts receivable within one year | 40/41 | €22,538 | €37,650 | +€15,112 | +67.0% |
| Trade receivables | 40 | €3,603 | - | -€3,603 | |
| Other amounts receivable | 41 | €18,935 | €37,650 | +€18,715 | +98.8% |
| Cash at bank and in hand | 54/58 | €2,730 | €4,799 | +€2,068 | +75.8% |
| Total equity and liabilities | 10/49 | €25,269 | €42,449 | +€17,180 | +68.0% |
| Equity | 10/15 | €7,947 | €20,005 | +€12,058 | +152% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €4,947 | €17,005 | +€12,058 | +244% |
| Distributable reserves | 133 | €4,947 | €17,005 | +€12,058 | +244% |
| Amounts payable | 17/49 | €17,322 | €22,444 | +€5,122 | +29.6% |
| Amounts payable within one year | 42/48 | €17,322 | €22,444 | +€5,122 | +29.6% |
| Trade debts | 44 | €2,658 | €4,765 | +€2,107 | +79.3% |
| Suppliers | 440/4 | €2,658 | €4,765 | +€2,107 | +79.3% |
| Advances received on contracts in progress | 46 | €9,905 | €9,905 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,759 | €7,773 | +€3,015 | +63.4% |
| Taxes | 450/3 | €4,759 | €7,773 | +€3,015 | +63.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,576 | - | -€4,576 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,809 | +€10,809 | |
| Other operating charges | 640/8 | €149 | €2,154 | +€2,005 | +1,348% |
| Gross operating margin | 9900 | €16,357 | €28,674 | +€12,316 | +75.3% |
| Operating profit (loss) | 9901 | €11,633 | €15,711 | +€4,078 | +35.1% |
| Financial charges | 65/66B | €558 | €638 | +€80 | +14.3% |
| Recurring financial charges | 65 | €558 | €638 | +€80 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €11,075 | €15,073 | +€3,998 | +36.1% |
| Income taxes | 67/77 | €5,264 | €3,015 | -€2,249 | -42.7% |
| Profit (loss) for the period | 9904 | €5,811 | €12,058 | +€6,248 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €5,811 | €12,058 | +€6,248 | +108% |
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 30 October 2026 via checked.be.