BART ROMBAUT: what changed
Two fiscal 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.
BART ROMBAUT
Largest movements
- Tangible fixed assets -€6,411
down €6,411 (-40.1%), from €15,992 to €9,581
of which Plant, machinery and equipment: -€3,578
- Receivables within one year +€4,494
up €4,494 (+55.5%), from €8,090 to €12,584
of which Trade receivables: +€3,547
- Cash +€3,021
up €3,021 (+29.0%), from €10,436 to €13,457
mainly Depreciation (+€7,339) and Net result for the year (+€2,022)
- Other debts -€2,597
down €2,597 (-7.6%), from €34,340 to €31,743
- Profit (loss) carried forward +€2,022
up €2,022 (+17.7%), from -€11,410 to -€9,388
- Trade debts +€1,059
up €1,059 (+215.5%), from €491 to €1,550
- Tax, wage and social debts +€620
up €620 (+11.9%), from €5,231 to €5,851
of which Remuneration and social security: +€500
- Gross operating margin -€6,436
down €6,436 (-33.1%), from €19,458 to €13,022
- Depreciation +€1,253
up €1,253 (+20.6%), from €6,086 to €7,339
- Taxes +€556
up €556 (+112.0%), from €497 to €1,053
- Other operating charges +€320
up €320 (+17.8%), from €1,791 to €2,111
- Financial charges +€229
up €229 (+85.3%), from €268 to €497
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 | €36,712 | €37,816 | +€1,104 | +3.0% |
| Fixed assets | 21/28 | €17,867 | €11,456 | -€6,411 | -35.9% |
| Tangible fixed assets | 22/27 | €15,992 | €9,581 | -€6,411 | -40.1% |
| Plant, machinery and equipment | 23 | €10,596 | €7,018 | -€3,578 | -33.8% |
| Furniture and vehicles | 24 | €5,396 | €2,563 | -€2,833 | -52.5% |
| Financial fixed assets | 28 | €1,875 | €1,875 | = | 0.0% |
| Current assets | 29/58 | €18,845 | €26,360 | +€7,515 | +39.9% |
| Amounts receivable within one year | 40/41 | €8,090 | €12,584 | +€4,494 | +55.5% |
| Trade receivables | 40 | €8,090 | €11,637 | +€3,547 | +43.8% |
| Other amounts receivable | 41 | - | €947 | +€947 | |
| Cash at bank and in hand | 54/58 | €10,436 | €13,457 | +€3,021 | +29.0% |
| Deferred charges and accrued income | 490/1 | €320 | €320 | = | 0.0% |
| Total equity and liabilities | 10/49 | €36,712 | €37,816 | +€1,104 | +3.0% |
| Equity | 10/15 | -€3,350 | -€1,328 | +€2,022 | +60.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,410 | -€9,388 | +€2,022 | +17.7% |
| Amounts payable | 17/49 | €40,062 | €39,144 | -€918 | -2.3% |
| Amounts payable within one year | 42/48 | €40,062 | €39,144 | -€918 | -2.3% |
| Trade debts | 44 | €491 | €1,550 | +€1,059 | +215.5% |
| Suppliers | 440/4 | €491 | €1,550 | +€1,059 | +215.5% |
| Taxes, remuneration and social security | 45 | €5,231 | €5,851 | +€620 | +11.9% |
| Taxes | 450/3 | €3,231 | €3,351 | +€120 | +3.7% |
| Remuneration and social security | 454/9 | €2,000 | €2,500 | +€500 | +25.0% |
| Other amounts payable | 47/48 | €34,340 | €31,743 | -€2,597 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,086 | €7,339 | +€1,253 | +20.6% |
| Other operating charges | 640/8 | €1,791 | €2,111 | +€320 | +17.8% |
| Gross operating margin | 9900 | €19,458 | €13,022 | -€6,436 | -33.1% |
| Operating profit (loss) | 9901 | €11,580 | €3,572 | -€8,008 | -69.2% |
| Financial charges | 65/66B | €268 | €497 | +€229 | +85.3% |
| Recurring financial charges | 65 | €268 | €497 | +€229 | +85.3% |
| Profit (loss) for the period before taxes | 9903 | €11,312 | €3,075 | -€8,237 | -72.8% |
| Income taxes | 67/77 | €497 | €1,053 | +€556 | +112.0% |
| Profit (loss) for the period | 9904 | €10,815 | €2,022 | -€8,794 | -81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,815 | €2,022 | -€8,794 | -81.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.