DR. W. VANROELEN: 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. W. VANROELEN
Largest movements
- Receivables within one year +€49,365
up €49,365 (+45.2%), from €109,184 to €158,550
of which Other amounts receivable: +€41,762
- Cash +€35,916
up €35,916 (+8.8%), from €409,546 to €445,462
mainly Net result for the year (+€376,457) and Depreciation (+€33,445)
- Tangible fixed assets -€32,411
down €32,411 (-2.6%), from €1.3m to €1.2m
of which Land and buildings: -€19,919
- Reserves +€211,551
up €211,551 (+14.5%), from €1.5m to €1.7m
- Contributions -€150,000
down €150,000 (-67.3%), from €222,838 to €72,838
- Gross operating margin +€58,787
up €58,787 (+11.2%), from €527,097 to €585,884
- Taxes +€22,391
up €22,391 (+14.4%), from €155,035 to €177,426
- Financial income +€6,883
up €6,883 (+274%), from €2,508 to €9,392
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 | €1,801,632 | €1,854,503 | +€52,871 | +2.9% |
| Fixed assets | 21/28 | €1,262,586 | €1,230,175 | -€32,411 | -2.6% |
| Tangible fixed assets | 22/27 | €1,262,586 | €1,230,175 | -€32,411 | -2.6% |
| Land and buildings | 22 | €1,087,768 | €1,067,848 | -€19,919 | -1.8% |
| Plant, machinery and equipment | 23 | €2,422 | €2,510 | +€88 | +3.6% |
| Furniture and vehicles | 24 | €6,752 | €2,984 | -€3,768 | -55.8% |
| Other tangible fixed assets | 26 | €165,644 | €156,833 | -€8,811 | -5.3% |
| Current assets | 29/58 | €539,046 | €624,328 | +€85,282 | +15.8% |
| Amounts receivable within one year | 40/41 | €109,184 | €158,550 | +€49,365 | +45.2% |
| Trade receivables | 40 | €41,321 | €48,924 | +€7,603 | +18.4% |
| Other amounts receivable | 41 | €67,864 | €109,626 | +€41,762 | +61.5% |
| Current investments | 50/53 | €20,316 | €20,316 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €409,546 | €445,462 | +€35,916 | +8.8% |
| Total equity and liabilities | 10/49 | €1,801,632 | €1,854,503 | +€52,871 | +2.9% |
| Equity | 10/15 | €1,682,277 | €1,743,828 | +€61,551 | +3.7% |
| Contributions | 10/11 | €222,838 | €72,838 | -€150,000 | -67.3% |
| Reserves | 13 | €1,459,440 | €1,670,991 | +€211,551 | +14.5% |
| Distributable reserves | 133 | €1,459,440 | €1,670,991 | +€211,551 | +14.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €119,355 | €110,675 | -€8,680 | -7.3% |
| Amounts payable after more than one year | 17 | €70,333 | €60,065 | -€10,268 | -14.6% |
| Financial debts | 170/4 | €70,333 | €60,065 | -€10,268 | -14.6% |
| Amounts payable within one year | 42/48 | €49,022 | €50,610 | +€1,588 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €10,076 | €10,268 | +€192 | +1.9% |
| Trade debts | 44 | €3,399 | €0 | -€3,399 | -100% |
| Suppliers | 440/4 | €3,399 | €0 | -€3,399 | -100% |
| Taxes, remuneration and social security | 45 | €32,851 | €37,646 | +€4,795 | +14.6% |
| Taxes | 450/3 | €32,851 | €37,646 | +€4,795 | +14.6% |
| Other amounts payable | 47/48 | €2,696 | €2,696 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,370 | €33,445 | -€2,925 | -8.0% |
| Other operating charges | 640/8 | €6,434 | €5,186 | -€1,248 | -19.4% |
| Gross operating margin | 9900 | €527,097 | €585,884 | +€58,787 | +11.2% |
| Operating profit (loss) | 9901 | €484,292 | €547,253 | +€62,961 | +13.0% |
| Financial income | 75/76B | €2,508 | €9,392 | +€6,883 | +274% |
| Recurring financial income | 75 | €2,508 | €9,392 | +€6,883 | +274% |
| Financial charges | 65/66B | €3,259 | €2,761 | -€498 | -15.3% |
| Recurring financial charges | 65 | €3,259 | €2,761 | -€498 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €483,541 | €553,883 | +€70,342 | +14.5% |
| Income taxes | 67/77 | €155,035 | €177,426 | +€22,391 | +14.4% |
| Profit (loss) for the period | 9904 | €328,506 | €376,457 | +€47,951 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €328,506 | €376,457 | +€47,951 | +14.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.