Bjorn Rombouts: 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.
Bjorn Rombouts
Largest movements
- Cash +€68,961
up €68,961 (+53.1%), from €129,939 to €198,900
mainly Net result for the year (+€97,174) and Depreciation (+€53,676)
- Deferred charges and accrued income -€27,788
down €27,788 (-92.6%), from €30,011 to €2,223
- Tangible fixed assets +€21,747
up €21,747 (+10.7%), from €202,481 to €224,227
of which Furniture and vehicles: +€49,253
- Receivables within one year -€8,487
down €8,487 (-11.8%), from €72,155 to €63,667
of which Trade receivables: -€18,053
- Reserves +€78,833
up €78,833 (+70.8%), from €111,322 to €190,155
- Trade debts -€48,942
down €48,942 (-99.0%), from €49,457 to €515
- Debts after one year -€30,296
down €30,296 (-7.6%), from €398,088 to €367,792
- Profit (loss) carried forward +€16,341
no longer reported in 2025 (was -€16,341)
- Tax, wage and social debts +€15,511
up €15,511 (+242%), from €6,396 to €21,907
of which Taxes: +€15,130
- Gross operating margin +€120,772
up €120,772 (+54.3%), from €222,311 to €343,084
- Taxes +€28,850
up €28,850 (+10,279%), from €281 to €29,130
- Staff costs +€26,410
up €26,410 (+21.3%), from €123,711 to €150,121
- Depreciation +€10,582
up €10,582 (+24.6%), from €43,094 to €53,676
- Write-downs -€3,949
no longer reported in 2025 (was €3,949)
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 | €655,367 | €709,919 | +€54,552 | +8.3% |
| Fixed assets | 21/28 | €202,481 | €224,347 | +€21,867 | +10.8% |
| Tangible fixed assets | 22/27 | €202,481 | €224,227 | +€21,747 | +10.7% |
| Plant, machinery and equipment | 23 | €132,659 | €105,153 | -€27,506 | -20.7% |
| Furniture and vehicles | 24 | €69,822 | €119,074 | +€49,253 | +70.5% |
| Financial fixed assets | 28 | - | €120 | +€120 | |
| Current assets | 29/58 | €452,886 | €485,571 | +€32,685 | +7.2% |
| Stocks and contracts in progress | 3 | €220,782 | €220,782 | = | 0.0% |
| Stocks | 30/36 | €220,782 | €220,782 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €72,155 | €63,667 | -€8,487 | -11.8% |
| Trade receivables | 40 | €57,501 | €39,448 | -€18,053 | -31.4% |
| Other amounts receivable | 41 | €14,653 | €24,219 | +€9,566 | +65.3% |
| Cash at bank and in hand | 54/58 | €129,939 | €198,900 | +€68,961 | +53.1% |
| Deferred charges and accrued income | 490/1 | €30,011 | €2,223 | -€27,788 | -92.6% |
| Total equity and liabilities | 10/49 | €655,367 | €709,919 | +€54,552 | +8.3% |
| Equity | 10/15 | €114,981 | €210,155 | +€95,174 | +82.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €111,322 | €190,155 | +€78,833 | +70.8% |
| Distributable reserves | 133 | €111,322 | €190,155 | +€78,833 | +70.8% |
| Profit (loss) carried forward | 14 | -€16,341 | - | +€16,341 | |
| Amounts payable | 17/49 | €540,386 | €499,764 | -€40,622 | -7.5% |
| Amounts payable after more than one year | 17 | €398,088 | €367,792 | -€30,296 | -7.6% |
| Financial debts | 170/4 | €398,088 | €367,792 | -€30,296 | -7.6% |
| Amounts payable within one year | 42/48 | €132,806 | €110,474 | -€22,332 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | €61,783 | €67,177 | +€5,394 | +8.7% |
| Trade debts | 44 | €49,457 | €515 | -€48,942 | -99.0% |
| Suppliers | 440/4 | €49,457 | €515 | -€48,942 | -99.0% |
| Taxes, remuneration and social security | 45 | €6,396 | €21,907 | +€15,511 | +242% |
| Taxes | 450/3 | - | €15,130 | +€15,130 | |
| Remuneration and social security | 454/9 | €6,396 | €6,777 | +€380 | +5.9% |
| Other amounts payable | 47/48 | €15,170 | €20,876 | +€5,706 | +37.6% |
| Accrued charges and deferred income | 492/3 | €9,492 | €21,497 | +€12,006 | +126% |
| Non-recurring operating income | 76A | - | €10,950 | +€10,950 | |
| Remuneration, social security and pensions | 62 | €123,711 | €150,121 | +€26,410 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,094 | €53,676 | +€10,582 | +24.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,949 | - | -€3,949 | |
| Other operating charges | 640/8 | €255 | €666 | +€412 | +162% |
| Non-recurring operating charges | 66A | €52,904 | - | -€52,904 | |
| Gross operating margin | 9900 | €222,311 | €343,084 | +€120,772 | +54.3% |
| Operating profit (loss) | 9901 | -€1,601 | €138,620 | +€140,222 | |
| Financial income | 75/76B | €467 | €518 | +€52 | +11.1% |
| Recurring financial income | 75 | €467 | €518 | +€52 | +11.1% |
| Financial charges | 65/66B | €14,926 | €12,835 | -€2,091 | -14.0% |
| Recurring financial charges | 65 | €14,926 | €12,835 | -€2,091 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,061 | €126,304 | +€142,365 | |
| Income taxes | 67/77 | €281 | €29,130 | +€28,850 | +10,279% |
| Profit (loss) for the period | 9904 | -€16,341 | €97,174 | +€113,515 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,341 | €97,174 | +€113,515 |
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 28 October 2026 via checked.be.