DR. INGE ROES: 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.
DR. INGE ROES
Largest movements
- Current investments +€179,482
up €179,482 (+212.3%), from €84,535 to €264,017
- Cash -€133,520
down €133,520 (-53.5%), from €249,603 to €116,084
mainly Current investments (-€179,482) and Other debts (-€52,347)
- Receivables within one year +€14,227
new in 2025: €14,227
- Tangible fixed assets -€13,371
down €13,371 (-48.5%), from €27,589 to €14,219
of which Furniture and vehicles: -€14,571
- Reserves +€104,891
up €104,891 (+29.1%), from €361,000 to €465,892
- Other debts -€52,347
down €52,347 (-97.1%), from €53,919 to €1,572
- Current portion of long-term debt -€9,781
down €9,781 (-74.9%), from €13,067 to €3,286
- Tax, wage and social debts +€6,786
up €6,786 (+26.7%), from €25,430 to €32,216
- Gross operating margin +€32,156
up €32,156 (+25.0%), from €128,874 to €161,030
- Taxes +€11,887
up €11,887 (+36.8%), from €32,290 to €44,176
- Financial income +€2,596
up €2,596 (+96.1%), from €2,702 to €5,298
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 | €456,728 | €503,546 | +€46,818 | +10.3% |
| Fixed assets | 21/28 | €27,589 | €14,219 | -€13,371 | -48.5% |
| Tangible fixed assets | 22/27 | €27,589 | €14,219 | -€13,371 | -48.5% |
| Plant, machinery and equipment | 23 | €0 | €2,632 | +€2,632 | |
| Furniture and vehicles | 24 | €23,456 | €8,885 | -€14,571 | -62.1% |
| Other tangible fixed assets | 26 | €4,133 | €2,701 | -€1,432 | -34.6% |
| Current assets | 29/58 | €429,139 | €489,327 | +€60,189 | +14.0% |
| Amounts receivable after more than one year | 29 | €95,000 | €95,000 | = | 0.0% |
| Other amounts receivable | 291 | €95,000 | €95,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €14,227 | +€14,227 | |
| Trade receivables | 40 | - | €14,227 | +€14,227 | |
| Current investments | 50/53 | €84,535 | €264,017 | +€179,482 | +212.3% |
| Cash at bank and in hand | 54/58 | €249,603 | €116,084 | -€133,520 | -53.5% |
| Total equity and liabilities | 10/49 | €456,728 | €503,546 | +€46,818 | +10.3% |
| Equity | 10/15 | €361,010 | €465,901 | +€104,891 | +29.1% |
| Reserves | 13 | €361,000 | €465,892 | +€104,891 | +29.1% |
| Distributable reserves | 133 | €361,000 | €465,892 | +€104,891 | +29.1% |
| Profit (loss) carried forward | 14 | €10 | €10 | = | 0.0% |
| Amounts payable | 17/49 | €95,717 | €37,644 | -€58,073 | -60.7% |
| Amounts payable after more than one year | 17 | €3,286 | €0 | -€3,286 | -100.0% |
| Financial debts | 170/4 | €3,286 | €0 | -€3,286 | -100.0% |
| Amounts payable within one year | 42/48 | €92,432 | €37,644 | -€54,787 | -59.3% |
| Current portion of amounts payable after more than one year | 42 | €13,067 | €3,286 | -€9,781 | -74.9% |
| Financial debts | 43 | - | €21 | +€21 | |
| Credit institutions | 430/8 | - | €21 | +€21 | |
| Trade debts | 44 | €16 | €549 | +€533 | +3323.1% |
| Suppliers | 440/4 | €16 | €549 | +€533 | +3323.1% |
| Taxes, remuneration and social security | 45 | €25,430 | €32,216 | +€6,786 | +26.7% |
| Taxes | 450/3 | €25,430 | €32,216 | +€6,786 | +26.7% |
| Other amounts payable | 47/48 | €53,919 | €1,572 | -€52,347 | -97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,925 | €16,080 | +€154 | +1.0% |
| Other operating charges | 640/8 | €687 | €771 | +€84 | +12.2% |
| Gross operating margin | 9900 | €128,874 | €161,030 | +€32,156 | +25.0% |
| Operating profit (loss) | 9901 | €112,261 | €144,179 | +€31,918 | +28.4% |
| Financial income | 75/76B | €2,702 | €5,298 | +€2,596 | +96.1% |
| Recurring financial income | 75 | €2,702 | €5,298 | +€2,596 | +96.1% |
| Financial charges | 65/66B | €560 | €410 | -€150 | -26.8% |
| Recurring financial charges | 65 | €560 | €410 | -€150 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €114,403 | €149,067 | +€34,664 | +30.3% |
| Income taxes | 67/77 | €32,290 | €44,176 | +€11,887 | +36.8% |
| Profit (loss) for the period | 9904 | €82,113 | €104,891 | +€22,778 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €82,113 | €104,891 | +€22,778 | +27.7% |
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.