A. Romulus: 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.
A. Romulus
Largest movements
- Receivables after one year -€82,549
down €82,549 (-46.9%), from €176,174 to €93,625
of which Trade receivables: -€72,882
- Cash -€2,528
down €2,528 (-88.0%), from €2,872 to €344
mainly Other debts (-€38,402) and Tax, wage and social debts (-€31,250)
- Receivables within one year +€1,943
up €1,943 (+40.6%), from €4,788 to €6,730
- Other debts -€38,402
down €38,402 (-33.8%), from €113,708 to €75,305
- Tax, wage and social debts -€31,250
down €31,250 (-30.5%), from €102,546 to €71,296
of which Remuneration and social security: -€31,250
- Profit (loss) carried forward -€6,682
down €6,682 (-2.0%), from -€336,924 to -€343,606
- Trade debts -€6,499
down €6,499 (-35.9%), from €18,102 to €11,603
of which Suppliers: -€6,499
- Financial charges +€9,479
up €9,479 (+2595.7%), from €365 to €9,844
- Gross operating margin +€3,562
new in 2025: €3,562
- Other operating charges +€400
new in 2025: €400
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 | €189,747 | €106,612 | -€83,135 | -43.8% |
| Fixed assets | 21/28 | €5,913 | €5,913 | = | 0.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €5,913 | €5,913 | = | 0.0% |
| Current assets | 29/58 | €183,834 | €100,699 | -€83,135 | -45.2% |
| Amounts receivable after more than one year | 29 | €176,174 | €93,625 | -€82,549 | -46.9% |
| Trade receivables | 290 | €72,882 | - | -€72,882 | |
| Other amounts receivable | 291 | €103,292 | €93,625 | -€9,667 | -9.4% |
| Amounts receivable within one year | 40/41 | €4,788 | €6,730 | +€1,943 | +40.6% |
| Other amounts receivable | 41 | €4,788 | €6,730 | +€1,943 | +40.6% |
| Cash at bank and in hand | 54/58 | €2,872 | €344 | -€2,528 | -88.0% |
| Total equity and liabilities | 10/49 | €189,747 | €106,612 | -€83,135 | -43.8% |
| Equity | 10/15 | -€44,910 | -€51,593 | -€6,682 | -14.9% |
| Contributions | 10/11 | €63,725 | €63,725 | = | 0.0% |
| Capital | 10 | €63,725 | €63,725 | = | 0.0% |
| Issued capital | 100 | €63,725 | €63,725 | = | 0.0% |
| Reserves | 13 | €228,289 | €228,289 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,317 | €3,317 | = | 0.0% |
| Legal reserve | 130 | €3,317 | €3,317 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,167 | €8,167 | = | 0.0% |
| Distributable reserves | 133 | €216,805 | €216,805 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€336,924 | -€343,606 | -€6,682 | -2.0% |
| Amounts payable | 17/49 | €234,658 | €158,205 | -€76,453 | -32.6% |
| Amounts payable after more than one year | 17 | €302 | - | -€302 | |
| Financial debts | 170/4 | €302 | - | -€302 | |
| Amounts payable within one year | 42/48 | €234,356 | €158,205 | -€76,151 | -32.5% |
| Trade debts | 44 | €18,102 | €11,603 | -€6,499 | -35.9% |
| Suppliers | 440/4 | €7,687 | €1,188 | -€6,499 | -84.5% |
| Bills of exchange payable | 441 | €10,415 | €10,415 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €102,546 | €71,296 | -€31,250 | -30.5% |
| Taxes | 450/3 | €53,716 | €53,716 | = | 0.0% |
| Remuneration and social security | 454/9 | €48,830 | €17,580 | -€31,250 | -64.0% |
| Other amounts payable | 47/48 | €113,708 | €75,305 | -€38,402 | -33.8% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | - | €3,562 | +€3,562 | |
| Operating profit (loss) | 9901 | - | €3,162 | +€3,162 | |
| Financial charges | 65/66B | €365 | €9,844 | +€9,479 | +2595.7% |
| Recurring financial charges | 65 | €365 | €9,844 | +€9,479 | +2595.7% |
| Profit (loss) for the period before taxes | 9903 | -€365 | -€6,682 | -€6,317 | -1729.8% |
| Profit (loss) for the period | 9904 | -€365 | -€6,682 | -€6,317 | -1729.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€365 | -€6,682 | -€6,317 | -1729.8% |
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 11 October 2026 via checked.be.