TOP RENOVATIONS: 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 RENOVATIONS
Largest movements
- Receivables within one year -€15,060
down €15,060 (-40.4%), from €37,314 to €22,254
of which Trade receivables: -€10,062
- Cash -€13,069
down €13,069 (-96.2%), from €13,581 to €512
mainly Net result for the year (-€16,315) and Trade debts (-€11,655)
- Tangible fixed assets -€9,772
down €9,772 (-26.3%), from €37,162 to €27,390
of which Furniture and vehicles: -€9,171
- Deferred charges and accrued income +€1,588
up €1,588 (+589.3%), from €269 to €1,857
- Reserves -€16,315
down €16,315 (-52.2%), from €31,265 to €14,950
- Trade debts -€11,655
down €11,655 (-91.8%), from €12,690 to €1,035
- Debts after one year -€7,734
down €7,734 (-21.4%), from €36,138 to €28,404
- Tax, wage and social debts -€1,825
down €1,825 (-50.3%), from €3,625 to €1,800
of which Taxes: -€1,347
- Other debts +€1,577
up €1,577 (+19.2%), from €8,237 to €9,814
- Gross operating margin -€18,935
down €18,935, from €14,851 to -€4,085
- Financial charges -€489
down €489 (-19.6%), from €2,496 to €2,007
- Depreciation +€474
up €474 (+5.1%), from €9,298 to €9,772
- Financial income -€261
down €261 (-35.5%), from €737 to €476
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.
Cash bridge derived
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 | €103,051 | €66,738 | -€36,313 | -35.2% |
| Fixed assets | 21/28 | €37,162 | €27,390 | -€9,772 | -26.3% |
| Tangible fixed assets | 22/27 | €37,162 | €27,390 | -€9,772 | -26.3% |
| Plant, machinery and equipment | 23 | €1,854 | €1,253 | -€601 | -32.4% |
| Furniture and vehicles | 24 | €35,308 | €26,137 | -€9,171 | -26.0% |
| Current assets | 29/58 | €65,889 | €39,349 | -€26,541 | -40.3% |
| Amounts receivable after more than one year | 29 | €14,725 | €14,725 | = | 0.0% |
| Other amounts receivable | 291 | €14,725 | €14,725 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,314 | €22,254 | -€15,060 | -40.4% |
| Trade receivables | 40 | €30,519 | €20,457 | -€10,062 | -33.0% |
| Other amounts receivable | 41 | €6,795 | €1,797 | -€4,998 | -73.5% |
| Cash at bank and in hand | 54/58 | €13,581 | €512 | -€13,069 | -96.2% |
| Deferred charges and accrued income | 490/1 | €269 | €1,857 | +€1,588 | +589.3% |
| Total equity and liabilities | 10/49 | €103,051 | €66,738 | -€36,313 | -35.2% |
| Equity | 10/15 | €34,265 | €17,950 | -€16,315 | -47.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €31,265 | €14,950 | -€16,315 | -52.2% |
| Distributable reserves | 133 | €31,265 | €14,950 | -€16,315 | -52.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €68,786 | €48,788 | -€19,998 | -29.1% |
| Amounts payable after more than one year | 17 | €36,138 | €28,404 | -€7,734 | -21.4% |
| Financial debts | 170/4 | €36,138 | €28,404 | -€7,734 | -21.4% |
| Amounts payable within one year | 42/48 | €31,976 | €20,384 | -€11,592 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €7,424 | €7,734 | +€311 | +4.2% |
| Trade debts | 44 | €12,690 | €1,035 | -€11,655 | -91.8% |
| Suppliers | 440/4 | €12,690 | €1,035 | -€11,655 | -91.8% |
| Taxes, remuneration and social security | 45 | €3,625 | €1,800 | -€1,825 | -50.3% |
| Taxes | 450/3 | €1,797 | €450 | -€1,347 | -75.0% |
| Remuneration and social security | 454/9 | €1,828 | €1,350 | -€478 | -26.1% |
| Other amounts payable | 47/48 | €8,237 | €9,814 | +€1,577 | +19.2% |
| Accrued charges and deferred income | 492/3 | €672 | €0 | -€672 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,298 | €9,772 | +€474 | +5.1% |
| Other operating charges | 640/8 | €900 | €928 | +€27 | +3.0% |
| Gross operating margin | 9900 | €14,851 | -€4,085 | -€18,935 | |
| Operating profit (loss) | 9901 | €4,652 | -€14,784 | -€19,436 | |
| Financial income | 75/76B | €737 | €476 | -€261 | -35.5% |
| Recurring financial income | 75 | €737 | €476 | -€261 | -35.5% |
| Financial charges | 65/66B | €2,496 | €2,007 | -€489 | -19.6% |
| Recurring financial charges | 65 | €2,496 | €2,007 | -€489 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €2,893 | -€16,315 | -€19,208 | |
| Income taxes | 67/77 | €58 | €0 | -€58 | -100.0% |
| Profit (loss) for the period | 9904 | €2,835 | -€16,315 | -€19,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,835 | -€16,315 | -€19,150 |
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 12 October 2026 via checked.be.