ALEXANDER ROMAN: 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.
ALEXANDER ROMAN
Largest movements
- Receivables within one year +€16,621
up €16,621 (+51.5%), from €32,276 to €48,897
of which Trade receivables: +€9,245
- Tangible fixed assets -€3,282
down €3,282 (-64.6%), from €5,079 to €1,797
of which Furniture and vehicles: -€3,228
- Cash +€874
new in 2025: €874
mainly Net result for the year (+€32,542) and Other debts (+€17,347)
- Other debts +€17,347
up €17,347 (+108%), from €16,000 to €33,347
- Tax, wage and social debts -€1,965
down €1,965 (-16.2%), from €12,094 to €10,129
- Short-term financial debts -€744
no longer reported in 2025 (was €744)
- Trade debts -€714
down €714 (-31.9%), from €2,234 to €1,520
- Gross operating margin +€16,554
up €16,554 (+53.3%), from €31,053 to €47,608
- Taxes +€3,758
up €3,758 (+48.6%), from €7,739 to €11,497
- Depreciation +€776
up €776 (+31.0%), from €2,506 to €3,282
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 | €41,626 | €55,592 | +€13,966 | +33.6% |
| Fixed assets | 21/28 | €8,254 | €4,797 | -€3,457 | -41.9% |
| Tangible fixed assets | 22/27 | €5,079 | €1,797 | -€3,282 | -64.6% |
| Plant, machinery and equipment | 23 | €54 | - | -€54 | |
| Furniture and vehicles | 24 | €5,025 | €1,797 | -€3,228 | -64.2% |
| Financial fixed assets | 28 | €3,175 | €3,000 | -€175 | -5.5% |
| Current assets | 29/58 | €33,372 | €50,795 | +€17,423 | +52.2% |
| Amounts receivable within one year | 40/41 | €32,276 | €48,897 | +€16,621 | +51.5% |
| Trade receivables | 40 | €19,917 | €29,161 | +€9,245 | +46.4% |
| Other amounts receivable | 41 | €12,359 | €19,735 | +€7,376 | +59.7% |
| Cash at bank and in hand | 54/58 | - | €874 | +€874 | |
| Deferred charges and accrued income | 490/1 | €1,097 | €1,025 | -€72 | -6.6% |
| Total equity and liabilities | 10/49 | €41,626 | €55,592 | +€13,966 | +33.6% |
| Equity | 10/15 | €10,555 | €10,596 | +€42 | +0.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €555 | €596 | +€42 | +7.5% |
| Amounts payable | 17/49 | €31,071 | €44,996 | +€13,925 | +44.8% |
| Amounts payable within one year | 42/48 | €31,071 | €44,996 | +€13,925 | +44.8% |
| Financial debts | 43 | €744 | - | -€744 | |
| Credit institutions | 430/8 | €744 | - | -€744 | |
| Trade debts | 44 | €2,234 | €1,520 | -€714 | -31.9% |
| Suppliers | 440/4 | €2,234 | €1,520 | -€714 | -31.9% |
| Taxes, remuneration and social security | 45 | €12,094 | €10,129 | -€1,965 | -16.2% |
| Taxes | 450/3 | €12,094 | €10,129 | -€1,965 | -16.2% |
| Other amounts payable | 47/48 | €16,000 | €33,347 | +€17,347 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,506 | €3,282 | +€776 | +31.0% |
| Other operating charges | 640/8 | €692 | €527 | -€165 | -23.8% |
| Gross operating margin | 9900 | €31,053 | €47,608 | +€16,554 | +53.3% |
| Operating profit (loss) | 9901 | €27,855 | €43,798 | +€15,943 | +57.2% |
| Financial income | 75/76B | €751 | €859 | +€107 | +14.3% |
| Recurring financial income | 75 | €751 | €859 | +€107 | +14.3% |
| Financial charges | 65/66B | €545 | €618 | +€73 | +13.4% |
| Recurring financial charges | 65 | €545 | €618 | +€73 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €28,062 | €44,039 | +€15,977 | +56.9% |
| Income taxes | 67/77 | €7,739 | €11,497 | +€3,758 | +48.6% |
| Profit (loss) for the period | 9904 | €20,323 | €32,542 | +€12,219 | +60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,323 | €32,542 | +€12,219 | +60.1% |
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 24 October 2026 via checked.be.