DR. SVEN 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.
DR. SVEN ROMBOUTS
Largest movements
- Current investments +€48,594
up €48,594 (+12.8%), from €381,022 to €429,616
- Cash -€34,790
down €34,790 (-36.8%), from €94,523 to €59,733
mainly Contributions, distributions and other (-€72,069) and Current investments (-€48,594)
- Receivables within one year -€6,615
down €6,615 (-44.3%), from €14,942 to €8,327
of which Other amounts receivable: -€6,115
- Reserves +€30,766
up €30,766 (+6.8%), from €451,730 to €482,496
- Trade debts -€16,548
down €16,548 (-82.5%), from €20,050 to €3,501
- Other debts -€9,088
down €9,088 (-77.5%), from €11,728 to €2,640
- Gross operating margin +€13,418
up €13,418 (+10.6%), from €126,942 to €140,360
- Financial income +€6,337
up €6,337 (+100%), from €6,324 to €12,661
- Taxes +€5,887
up €5,887 (+16.0%), from €36,800 to €42,687
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 | €503,941 | €508,818 | +€4,877 | +1.0% |
| Fixed assets | 21/28 | €12,344 | €11,143 | -€1,201 | -9.7% |
| Tangible fixed assets | 22/27 | €12,344 | €11,143 | -€1,201 | -9.7% |
| Plant, machinery and equipment | 23 | €5,526 | €1,560 | -€3,966 | -71.8% |
| Furniture and vehicles | 24 | €1,619 | €960 | -€660 | -40.7% |
| Other tangible fixed assets | 26 | €5,199 | €8,623 | +€3,424 | +65.9% |
| Current assets | 29/58 | €491,597 | €497,676 | +€6,079 | +1.2% |
| Amounts receivable within one year | 40/41 | €14,942 | €8,327 | -€6,615 | -44.3% |
| Trade receivables | 40 | €500 | - | -€500 | |
| Other amounts receivable | 41 | €14,442 | €8,327 | -€6,115 | -42.3% |
| Current investments | 50/53 | €381,022 | €429,616 | +€48,594 | +12.8% |
| Cash at bank and in hand | 54/58 | €94,523 | €59,733 | -€34,790 | -36.8% |
| Deferred charges and accrued income | 490/1 | €1,110 | - | -€1,110 | |
| Total equity and liabilities | 10/49 | €503,941 | €508,818 | +€4,877 | +1.0% |
| Equity | 10/15 | €470,330 | €501,096 | +€30,766 | +6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €451,730 | €482,496 | +€30,766 | +6.8% |
| Distributable reserves | 133 | €451,730 | €482,496 | +€30,766 | +6.8% |
| Amounts payable | 17/49 | €33,611 | €7,723 | -€25,889 | -77.0% |
| Amounts payable within one year | 42/48 | €32,712 | €7,723 | -€24,989 | -76.4% |
| Trade debts | 44 | €20,050 | €3,501 | -€16,548 | -82.5% |
| Suppliers | 440/4 | €20,050 | €3,501 | -€16,548 | -82.5% |
| Taxes, remuneration and social security | 45 | €934 | €1,581 | +€648 | +69.4% |
| Taxes | 450/3 | €934 | €1,581 | +€648 | +69.4% |
| Other amounts payable | 47/48 | €11,728 | €2,640 | -€9,088 | -77.5% |
| Accrued charges and deferred income | 492/3 | €900 | - | -€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,662 | €5,903 | -€759 | -11.4% |
| Other operating charges | 640/8 | €1,242 | €1,224 | -€18 | -1.4% |
| Gross operating margin | 9900 | €126,942 | €140,360 | +€13,418 | +10.6% |
| Operating profit (loss) | 9901 | €119,039 | €133,233 | +€14,195 | +11.9% |
| Financial income | 75/76B | €6,324 | €12,661 | +€6,337 | +100% |
| Recurring financial income | 75 | €6,324 | €12,661 | +€6,337 | +100% |
| Financial charges | 65/66B | €195 | €371 | +€176 | +90.6% |
| Recurring financial charges | 65 | €195 | €371 | +€176 | +90.6% |
| Profit (loss) for the period before taxes | 9903 | €125,168 | €145,523 | +€20,355 | +16.3% |
| Income taxes | 67/77 | €36,800 | €42,687 | +€5,887 | +16.0% |
| Profit (loss) for the period | 9904 | €88,368 | €102,836 | +€14,468 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €88,368 | €102,836 | +€14,468 | +16.4% |
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.