TOP 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.
TOP RENOVATION
Largest movements
- Cash +€7,332
up €7,332 (+11.0%), from €66,616 to €73,949
mainly Net result for the year (+€23,009) and Tax, wage and social debts (+€6,024)
- Other debts -€23,682
down €23,682 (-48.5%), from €48,848 to €25,166
- Profit (loss) carried forward +€12,441
up €12,441, from -€12,441 to €0
- Reserves +€10,569
up €10,569 (+98.3%), from €10,755 to €21,324
of which Distributable reserves: +€10,569
- Tax, wage and social debts +€6,024
up €6,024, from €0 to €6,024
- Trade debts +€1,570
up €1,570 (+32.9%), from €4,767 to €6,337
- Gross operating margin +€31,713
up €31,713, from -€1,601 to €30,113
- Taxes +€5,550
new in 2025: €5,550
- Other operating charges -€735
down €735 (-100%), from €735 to €0
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 | €70,521 | €77,443 | +€6,922 | +9.8% |
| Fixed assets | 21/28 | €2,352 | €2,363 | +€11 | +0.5% |
| Tangible fixed assets | 22/27 | €2,352 | €2,363 | +€11 | +0.5% |
| Plant, machinery and equipment | 23 | - | €1,422 | +€1,422 | |
| Furniture and vehicles | 24 | €2,352 | €941 | -€1,411 | -60.0% |
| Current assets | 29/58 | €68,169 | €75,079 | +€6,911 | +10.1% |
| Amounts receivable within one year | 40/41 | €1,552 | €1,131 | -€422 | -27.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,552 | €1,131 | -€422 | -27.2% |
| Cash at bank and in hand | 54/58 | €66,616 | €73,949 | +€7,332 | +11.0% |
| Total equity and liabilities | 10/49 | €70,521 | €77,443 | +€6,922 | +9.8% |
| Equity | 10/15 | €16,907 | €39,916 | +€23,009 | +136% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €10,755 | €21,324 | +€10,569 | +98.3% |
| Non-distributable reserves | 130/1 | €709 | €709 | = | 0.0% |
| Reserves not available under the articles | 1311 | €709 | - | -€709 | |
| Other | 1319 | - | €709 | +€709 | |
| Distributable reserves | 133 | €10,046 | €20,615 | +€10,569 | +105% |
| Profit (loss) carried forward | 14 | -€12,441 | €0 | +€12,441 | |
| Amounts payable | 17/49 | €53,614 | €37,527 | -€16,087 | -30.0% |
| Amounts payable within one year | 42/48 | €53,614 | €37,527 | -€16,087 | -30.0% |
| Trade debts | 44 | €4,767 | €6,337 | +€1,570 | +32.9% |
| Suppliers | 440/4 | €4,767 | €6,337 | +€1,570 | +32.9% |
| Taxes, remuneration and social security | 45 | €0 | €6,024 | +€6,024 | |
| Taxes | 450/3 | €0 | €6,024 | +€6,024 | |
| Other amounts payable | 47/48 | €48,848 | €25,166 | -€23,682 | -48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,411 | €1,469 | +€58 | +4.1% |
| Other operating charges | 640/8 | €735 | €0 | -€735 | -100% |
| Gross operating margin | 9900 | -€1,601 | €30,113 | +€31,713 | |
| Operating profit (loss) | 9901 | -€3,747 | €28,643 | +€32,390 | |
| Financial charges | 65/66B | €0 | €84 | +€84 | +20,875% |
| Recurring financial charges | 65 | €0 | €84 | +€84 | +20,875% |
| Profit (loss) for the period before taxes | 9903 | -€3,747 | €28,560 | +€32,307 | |
| Income taxes | 67/77 | - | €5,550 | +€5,550 | |
| Profit (loss) for the period | 9904 | -€3,747 | €23,009 | +€26,756 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,747 | €23,009 | +€26,756 |
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 18 October 2026 via checked.be.