TS RENOV: 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.
TS RENOV
Largest movements
- Cash +€21,919
up €21,919 (+37.4%), from €58,632 to €80,551
mainly Trade debts (+€26,809) and Net result for the year (+€15,399)
- Receivables within one year +€20,249
up €20,249 (+321%), from €6,307 to €26,556
of which Trade receivables: +€19,779
- Tangible fixed assets -€1,299
down €1,299 (-54.4%), from €2,387 to €1,088
of which Furniture and vehicles: -€1,184
- Trade debts +€26,809
up €26,809 (+670%), from €4,000 to €30,809
- Profit (loss) carried forward +€15,399
up €15,399 (+36.2%), from €42,485 to €57,884
- Tax, wage and social debts -€6,566
down €6,566 (-56.2%), from €11,681 to €5,115
- Other debts +€5,227
up €5,227 (+78.5%), from €6,660 to €11,887
- Gross operating margin -€23,236
down €23,236 (-50.7%), from €45,791 to €22,555
- Taxes -€4,658
down €4,658 (-47.7%), from €9,773 to €5,115
- Depreciation +€554
up €554 (+148%), from €373 to €927
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 | €67,326 | €108,195 | +€40,869 | +60.7% |
| Fixed assets | 21/28 | €2,387 | €1,088 | -€1,299 | -54.4% |
| Tangible fixed assets | 22/27 | €2,387 | €1,088 | -€1,299 | -54.4% |
| Plant, machinery and equipment | 23 | €288 | €173 | -€115 | -40.0% |
| Furniture and vehicles | 24 | €2,099 | €915 | -€1,184 | -56.4% |
| Current assets | 29/58 | €64,939 | €107,107 | +€42,168 | +64.9% |
| Amounts receivable within one year | 40/41 | €6,307 | €26,556 | +€20,249 | +321% |
| Trade receivables | 40 | €4,738 | €24,517 | +€19,779 | +417% |
| Other amounts receivable | 41 | €1,569 | €2,040 | +€471 | +30.0% |
| Cash at bank and in hand | 54/58 | €58,632 | €80,551 | +€21,919 | +37.4% |
| Total equity and liabilities | 10/49 | €67,326 | €108,195 | +€40,869 | +60.7% |
| Equity | 10/15 | €44,485 | €59,884 | +€15,399 | +34.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,485 | €57,884 | +€15,399 | +36.2% |
| Amounts payable | 17/49 | €22,841 | €48,311 | +€25,470 | +112% |
| Amounts payable within one year | 42/48 | €22,841 | €48,311 | +€25,470 | +112% |
| Trade debts | 44 | €4,000 | €30,809 | +€26,809 | +670% |
| Suppliers | 440/4 | €4,000 | €30,809 | +€26,809 | +670% |
| Advances received on contracts in progress | 46 | €500 | €500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €11,681 | €5,115 | -€6,566 | -56.2% |
| Taxes | 450/3 | €11,681 | €5,115 | -€6,566 | -56.2% |
| Other amounts payable | 47/48 | €6,660 | €11,887 | +€5,227 | +78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €373 | €927 | +€554 | +148% |
| Other operating charges | 640/8 | €636 | €962 | +€326 | +51.3% |
| Gross operating margin | 9900 | €45,791 | €22,555 | -€23,236 | -50.7% |
| Operating profit (loss) | 9901 | €44,782 | €20,666 | -€24,116 | -53.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €110 | €152 | +€42 | +38.4% |
| Recurring financial charges | 65 | €110 | €152 | +€42 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | €44,672 | €20,514 | -€24,158 | -54.1% |
| Income taxes | 67/77 | €9,773 | €5,115 | -€4,658 | -47.7% |
| Profit (loss) for the period | 9904 | €34,899 | €15,399 | -€19,500 | -55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,899 | €15,399 | -€19,500 | -55.9% |
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 28 October 2026 via checked.be.