VVA 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.
VVA RENOVATION
Largest movements
- Tangible fixed assets +€26,828
up €26,828 (+868%), from €3,090 to €29,918
of which Furniture and vehicles: +€26,961
- Receivables within one year +€17,920
up €17,920 (+122%), from €14,633 to €32,553
of which Trade receivables: +€15,433
- Cash +€2,117
up €2,117 (+18.7%), from €11,318 to €13,435
mainly Net result for the year (+€20,143) and Other debts (+€12,218)
- Deferred charges and accrued income +€1,795
new in 2025: €1,795
- Profit (loss) carried forward +€20,143
up €20,143 (+117%), from €17,181 to €37,324
- Other debts +€12,218
up €12,218 (+334%), from €3,654 to €15,873
- Debts after one year +€6,291
new in 2025: €6,291
- Current portion of long-term debt +€6,051
new in 2025: €6,051
- Trade debts +€3,295
up €3,295 (+396%), from €831 to €4,126
- Gross operating margin +€13,839
up €13,839 (+75.9%), from €18,244 to €32,084
- Depreciation +€3,373
up €3,373 (+158%), from €2,137 to €5,510
- Taxes +€1,973
up €1,973 (+64.4%), from €3,065 to €5,038
- Financial charges +€442
up €442 (+211%), from €209 to €651
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 | €29,042 | €77,702 | +€48,660 | +168% |
| Fixed assets | 21/28 | €3,090 | €29,918 | +€26,828 | +868% |
| Tangible fixed assets | 22/27 | €3,090 | €29,918 | +€26,828 | +868% |
| Plant, machinery and equipment | 23 | €471 | €338 | -€133 | -28.2% |
| Furniture and vehicles | 24 | €2,619 | €29,580 | +€26,961 | +1,030% |
| Current assets | 29/58 | €25,952 | €47,784 | +€21,832 | +84.1% |
| Amounts receivable within one year | 40/41 | €14,633 | €32,553 | +€17,920 | +122% |
| Trade receivables | 40 | €13,423 | €28,855 | +€15,433 | +115% |
| Other amounts receivable | 41 | €1,211 | €3,698 | +€2,487 | +205% |
| Cash at bank and in hand | 54/58 | €11,318 | €13,435 | +€2,117 | +18.7% |
| Deferred charges and accrued income | 490/1 | - | €1,795 | +€1,795 | |
| Total equity and liabilities | 10/49 | €29,042 | €77,702 | +€48,660 | +168% |
| Equity | 10/15 | €20,181 | €40,324 | +€20,143 | +99.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,181 | €37,324 | +€20,143 | +117% |
| Amounts payable | 17/49 | €8,861 | €37,378 | +€28,518 | +322% |
| Amounts payable after more than one year | 17 | - | €6,291 | +€6,291 | |
| Financial debts | 170/4 | - | €6,291 | +€6,291 | |
| Amounts payable within one year | 42/48 | €8,861 | €31,087 | +€22,227 | +251% |
| Current portion of amounts payable after more than one year | 42 | - | €6,051 | +€6,051 | |
| Trade debts | 44 | €831 | €4,126 | +€3,295 | +396% |
| Suppliers | 440/4 | €831 | €4,126 | +€3,295 | +396% |
| Taxes, remuneration and social security | 45 | €4,375 | €5,038 | +€662 | +15.1% |
| Taxes | 450/3 | €4,375 | €5,038 | +€662 | +15.1% |
| Other amounts payable | 47/48 | €3,654 | €15,873 | +€12,218 | +334% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,137 | €5,510 | +€3,373 | +158% |
| Other operating charges | 640/8 | €601 | €744 | +€143 | +23.8% |
| Non-recurring operating charges | 66A | €100 | - | -€100 | |
| Gross operating margin | 9900 | €18,244 | €32,084 | +€13,839 | +75.9% |
| Operating profit (loss) | 9901 | €15,406 | €25,830 | +€10,423 | +67.7% |
| Financial income | 75/76B | €5 | €2 | -€4 | -70.2% |
| Recurring financial income | 75 | €5 | €2 | -€4 | -70.2% |
| Financial charges | 65/66B | €209 | €651 | +€442 | +211% |
| Recurring financial charges | 65 | €209 | €651 | +€442 | +211% |
| Profit (loss) for the period before taxes | 9903 | €15,202 | €25,180 | +€9,978 | +65.6% |
| Income taxes | 67/77 | €3,065 | €5,038 | +€1,973 | +64.4% |
| Profit (loss) for the period | 9904 | €12,138 | €20,143 | +€8,005 | +66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,138 | €20,143 | +€8,005 | +66.0% |
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 25 October 2026 via checked.be.