TR Renovatiegroep: 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.
TR Renovatiegroep
Largest movements
- Tangible fixed assets -€11,640
down €11,640 (-44.0%), from €26,477 to €14,837
- Receivables within one year -€5,086
down €5,086 (-11.3%), from €44,924 to €39,838
of which Trade receivables: -€3,657
- Cash -€4,587
down €4,587 (-4.7%), from €98,342 to €93,755
mainly Trade debts (-€11,399) and Current portion of long-term debt (-€4,838)
- Trade debts -€11,399
down €11,399 (-43.1%), from €26,427 to €15,027
- Current portion of long-term debt -€4,838
no longer reported in 2025 (was €4,838)
- Profit (loss) carried forward -€4,716
down €4,716 (-6.8%), from €69,688 to €64,972
- Gross operating margin -€8,884
down €8,884 (-50.8%), from €17,483 to €8,598
- Depreciation -€3,391
down €3,391 (-22.6%), from €15,031 to €11,640
- Financial charges -€566
down €566 (-45.2%), from €1,254 to €688
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 | €169,742 | €148,809 | -€20,933 | -12.3% |
| Fixed assets | 21/28 | €26,477 | €14,837 | -€11,640 | -44.0% |
| Tangible fixed assets | 22/27 | €26,477 | €14,837 | -€11,640 | -44.0% |
| Leasing and similar rights | 25 | €26,477 | €14,837 | -€11,640 | -44.0% |
| Current assets | 29/58 | €143,265 | €133,972 | -€9,293 | -6.5% |
| Amounts receivable within one year | 40/41 | €44,924 | €39,838 | -€5,086 | -11.3% |
| Trade receivables | 40 | €37,928 | €34,271 | -€3,657 | -9.6% |
| Other amounts receivable | 41 | €6,996 | €5,567 | -€1,429 | -20.4% |
| Cash at bank and in hand | 54/58 | €98,342 | €93,755 | -€4,587 | -4.7% |
| Deferred charges and accrued income | 490/1 | - | €380 | +€380 | |
| Total equity and liabilities | 10/49 | €169,742 | €148,809 | -€20,933 | -12.3% |
| Equity | 10/15 | €123,175 | €118,459 | -€4,716 | -3.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €43,487 | €43,487 | = | 0.0% |
| Distributable reserves | 133 | €43,487 | €43,487 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,688 | €64,972 | -€4,716 | -6.8% |
| Amounts payable | 17/49 | €46,568 | €30,350 | -€16,217 | -34.8% |
| Amounts payable within one year | 42/48 | €46,568 | €30,350 | -€16,217 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €4,838 | - | -€4,838 | |
| Trade debts | 44 | €26,427 | €15,027 | -€11,399 | -43.1% |
| Suppliers | 440/4 | €26,427 | €15,027 | -€11,399 | -43.1% |
| Taxes, remuneration and social security | 45 | €10,818 | €10,839 | +€21 | +0.2% |
| Taxes | 450/3 | €76 | - | -€76 | |
| Remuneration and social security | 454/9 | €10,742 | €10,839 | +€97 | +0.9% |
| Other amounts payable | 47/48 | €4,485 | €4,485 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,031 | €11,640 | -€3,391 | -22.6% |
| Other operating charges | 640/8 | €850 | €989 | +€139 | +16.4% |
| Gross operating margin | 9900 | €17,483 | €8,598 | -€8,884 | -50.8% |
| Operating profit (loss) | 9901 | €1,602 | -€4,031 | -€5,633 | |
| Financial income | 75/76B | €0 | €2 | +€2 | +386% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +386% |
| Financial charges | 65/66B | €1,254 | €688 | -€566 | -45.2% |
| Recurring financial charges | 65 | €1,254 | €688 | -€566 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | €349 | -€4,716 | -€5,065 | |
| Income taxes | 67/77 | €76 | - | -€76 | |
| Profit (loss) for the period | 9904 | €273 | -€4,716 | -€4,989 | |
| Profit (loss) for the period to be appropriated | 9905 | €273 | -€4,716 | -€4,989 |
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 27 October 2026 via checked.be.