TWO 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.
TWO RENOVATIONS
Largest movements
- Cash +€5,565
new in 2025: €5,565
mainly Net result for the year (+€7,422) and Receivables within one year (+€4,119)
- Receivables within one year -€4,119
down €4,119 (-60.6%), from €6,801 to €2,682
of which Trade receivables: -€4,532
- Tangible fixed assets -€184
down €184 (-10.4%), from €1,777 to €1,593
of which Furniture and vehicles: -€233
- Other debts -€8,299
down €8,299 (-61.5%), from €13,499 to €5,200
- Profit (loss) carried forward +€7,422
up €7,422 (+53.0%), from -€13,994 to -€6,572
- Trade debts +€2,648
up €2,648 (+124.5%), from €2,127 to €4,775
- Short-term financial debts -€509
no longer reported in 2025 (was €509)
- Gross operating margin +€9,691
up €9,691 (+775.9%), from €1,249 to €10,940
- Depreciation -€683
down €683 (-25.7%), from €2,657 to €1,974
- Taxes -€257
no longer reported in 2025 (was €257)
- Financial charges -€216
down €216 (-18.3%), from €1,180 to €964
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 | €8,676 | €9,938 | +€1,262 | +14.5% |
| Fixed assets | 21/28 | €1,875 | €1,691 | -€184 | -9.8% |
| Tangible fixed assets | 22/27 | €1,777 | €1,593 | -€184 | -10.4% |
| Plant, machinery and equipment | 23 | €1,014 | €1,063 | +€49 | +4.8% |
| Furniture and vehicles | 24 | €763 | €530 | -€233 | -30.5% |
| Financial fixed assets | 28 | €98 | €98 | = | 0.0% |
| Current assets | 29/58 | €6,801 | €8,247 | +€1,446 | +21.3% |
| Amounts receivable within one year | 40/41 | €6,801 | €2,682 | -€4,119 | -60.6% |
| Trade receivables | 40 | €5,223 | €691 | -€4,532 | -86.8% |
| Other amounts receivable | 41 | €1,578 | €1,991 | +€413 | +26.2% |
| Cash at bank and in hand | 54/58 | - | €5,565 | +€5,565 | |
| Total equity and liabilities | 10/49 | €8,676 | €9,938 | +€1,262 | +14.5% |
| Equity | 10/15 | -€7,459 | -€37 | +€7,422 | +99.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €335 | €335 | = | 0.0% |
| Non-distributable reserves | 130/1 | €335 | €335 | = | 0.0% |
| Reserves not available under the articles | 1311 | €335 | €335 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,994 | -€6,572 | +€7,422 | +53.0% |
| Amounts payable | 17/49 | €16,135 | €9,975 | -€6,160 | -38.2% |
| Amounts payable within one year | 42/48 | €16,135 | €9,975 | -€6,160 | -38.2% |
| Financial debts | 43 | €509 | - | -€509 | |
| Credit institutions | 430/8 | €509 | - | -€509 | |
| Trade debts | 44 | €2,127 | €4,775 | +€2,648 | +124.5% |
| Suppliers | 440/4 | €2,127 | €4,775 | +€2,648 | +124.5% |
| Other amounts payable | 47/48 | €13,499 | €5,200 | -€8,299 | -61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,657 | €1,974 | -€683 | -25.7% |
| Other operating charges | 640/8 | €688 | €580 | -€108 | -15.7% |
| Gross operating margin | 9900 | €1,249 | €10,940 | +€9,691 | +775.9% |
| Operating profit (loss) | 9901 | -€2,096 | €8,386 | +€10,482 | |
| Financial charges | 65/66B | €1,180 | €964 | -€216 | -18.3% |
| Recurring financial charges | 65 | €1,180 | €964 | -€216 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,276 | €7,422 | +€10,698 | |
| Income taxes | 67/77 | €257 | - | -€257 | |
| Profit (loss) for the period | 9904 | -€3,533 | €7,422 | +€10,955 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,533 | €7,422 | +€10,955 |
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 9 October 2026 via checked.be.