TOP RENO: 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.
TOP RENO
Largest movements
- Cash +€22,218
up €22,218 (+45.9%), from €48,355 to €70,573
mainly Other debts (+€31,065) and Advances received (+€27,500)
- Receivables within one year +€13,005
up €13,005 (+27.7%), from €46,997 to €60,002
of which Trade receivables: +€18,256
- Tangible fixed assets +€2,543
up €2,543 (+25.7%), from €9,893 to €12,436
of which Furniture and vehicles: +€2,982
- Other debts +€31,065
new in 2025: €31,065
- Accrued charges and deferred income -€30,350
no longer reported in 2025 (was €30,350)
- Advances received +€27,500
new in 2025: €27,500
- Profit (loss) carried forward +€7,487
up €7,487 (+14.3%), from €52,316 to €59,803
- Tax, wage and social debts +€2,167
up €2,167 (+131%), from €1,654 to €3,822
- Gross operating margin +€4,779
up €4,779 (+33.1%), from €14,421 to €19,200
- Depreciation +€2,772
up €2,772 (+52.7%), from €5,263 to €8,035
- Other operating charges +€602
up €602 (+119%), from €507 to €1,109
- Taxes +€509
up €509 (+30.7%), from €1,659 to €2,167
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 | €105,445 | €143,210 | +€37,765 | +35.8% |
| Fixed assets | 21/28 | €10,093 | €12,636 | +€2,543 | +25.2% |
| Tangible fixed assets | 22/27 | €9,893 | €12,436 | +€2,543 | +25.7% |
| Plant, machinery and equipment | 23 | €476 | €37 | -€439 | -92.2% |
| Furniture and vehicles | 24 | €9,416 | €12,399 | +€2,982 | +31.7% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €95,352 | €130,574 | +€35,222 | +36.9% |
| Amounts receivable within one year | 40/41 | €46,997 | €60,002 | +€13,005 | +27.7% |
| Trade receivables | 40 | €39,458 | €57,714 | +€18,256 | +46.3% |
| Other amounts receivable | 41 | €7,539 | €2,287 | -€5,251 | -69.7% |
| Cash at bank and in hand | 54/58 | €48,355 | €70,573 | +€22,218 | +45.9% |
| Total equity and liabilities | 10/49 | €105,445 | €143,210 | +€37,765 | +35.8% |
| Equity | 10/15 | €72,776 | €80,263 | +€7,487 | +10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,316 | €59,803 | +€7,487 | +14.3% |
| Amounts payable | 17/49 | €32,669 | €62,947 | +€30,279 | +92.7% |
| Amounts payable within one year | 42/48 | €2,319 | €62,947 | +€60,628 | +2,615% |
| Trade debts | 44 | €664 | €560 | -€104 | -15.7% |
| Suppliers | 440/4 | €664 | €560 | -€104 | -15.7% |
| Advances received on contracts in progress | 46 | - | €27,500 | +€27,500 | |
| Taxes, remuneration and social security | 45 | €1,654 | €3,822 | +€2,167 | +131% |
| Taxes | 450/3 | €1,654 | €3,822 | +€2,167 | +131% |
| Other amounts payable | 47/48 | - | €31,065 | +€31,065 | |
| Accrued charges and deferred income | 492/3 | €30,350 | - | -€30,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,263 | €8,035 | +€2,772 | +52.7% |
| Other operating charges | 640/8 | €507 | €1,109 | +€602 | +119% |
| Gross operating margin | 9900 | €14,421 | €19,200 | +€4,779 | +33.1% |
| Operating profit (loss) | 9901 | €8,651 | €10,056 | +€1,405 | +16.2% |
| Financial income | 75/76B | €8 | €37 | +€28 | +339% |
| Recurring financial income | 75 | €8 | €37 | +€28 | +339% |
| Financial charges | 65/66B | €408 | €439 | +€31 | +7.6% |
| Recurring financial charges | 65 | €408 | €439 | +€31 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €8,251 | €9,654 | +€1,403 | +17.0% |
| Income taxes | 67/77 | €1,659 | €2,167 | +€509 | +30.7% |
| Profit (loss) for the period | 9904 | €6,592 | €7,487 | +€894 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,592 | €7,487 | +€894 | +13.6% |
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 19 October 2026 via checked.be.