ETIENNE ROLAND: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
ETIENNE ROLAND
Largest movements
- Stocks and contracts -€9,682
down €9,682 (-7.5%), from €128,680 to €118,998
- Receivables within one year -€2,036
down €2,036 (-100%), from €2,036 to €0
- Current portion of long-term debt -€5,258
no longer reported in 2025 (was €5,258)
- Advances received -€3,760
no longer reported in 2025 (was €3,760)
- Other debts -€2,162
down €2,162 (-11.3%), from €19,068 to €16,906
- Short-term financial debts -€1,892
down €1,892 (-4.1%), from €45,736 to €43,844
- Staff costs -€1,229
no longer reported in 2025 (was €1,229)
- Gross operating margin -€834
down €834 (-8.8%), from €9,489 to €8,655
- Other operating charges +€350
up €350 (+24.9%), from €1,402 to €1,752
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €142,280 | €130,543 | -€11,737 | -8.2% |
| Fixed assets | 21/28 | €10,267 | €10,267 | = | 0.0% |
| Tangible fixed assets | 22/27 | €9,742 | €9,742 | = | 0.0% |
| Land and buildings | 22 | €9,742 | €9,742 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €525 | €525 | = | 0.0% |
| Current assets | 29/58 | €132,013 | €120,276 | -€11,737 | -8.9% |
| Stocks and contracts in progress | 3 | €128,680 | €118,998 | -€9,682 | -7.5% |
| Stocks | 30/36 | €128,680 | €118,998 | -€9,682 | -7.5% |
| Amounts receivable within one year | 40/41 | €2,036 | €0 | -€2,036 | -100% |
| Trade receivables | 40 | €2,036 | €0 | -€2,036 | -100% |
| Cash at bank and in hand | 54/58 | €983 | €958 | -€25 | -2.5% |
| Deferred charges and accrued income | 490/1 | €315 | €320 | +€6 | +1.8% |
| Total equity and liabilities | 10/49 | €142,280 | €130,543 | -€11,737 | -8.2% |
| Equity | 10/15 | €66,497 | €66,789 | +€292 | +0.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €74,009 | €74,009 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,473 | €38,473 | = | 0.0% |
| Distributable reserves | 133 | €35,535 | €35,535 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,712 | -€13,420 | +€292 | +2.1% |
| Amounts payable | 17/49 | €75,783 | €63,754 | -€12,029 | -15.9% |
| Amounts payable within one year | 42/48 | €75,396 | €63,354 | -€12,041 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €5,258 | - | -€5,258 | |
| Financial debts | 43 | €45,736 | €43,844 | -€1,892 | -4.1% |
| Credit institutions | 430/8 | €45,736 | €43,844 | -€1,892 | -4.1% |
| Trade debts | 44 | €750 | €1,552 | +€803 | +107% |
| Suppliers | 440/4 | €750 | €1,552 | +€803 | +107% |
| Advances received on contracts in progress | 46 | €3,760 | - | -€3,760 | |
| Taxes, remuneration and social security | 45 | €824 | €1,052 | +€228 | +27.7% |
| Taxes | 450/3 | €824 | €1,052 | +€228 | +27.7% |
| Other amounts payable | 47/48 | €19,068 | €16,906 | -€2,162 | -11.3% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Remuneration, social security and pensions | 62 | €1,229 | - | -€1,229 | |
| Other operating charges | 640/8 | €1,402 | €1,752 | +€350 | +24.9% |
| Non-recurring operating charges | 66A | - | €18 | +€18 | |
| Gross operating margin | 9900 | €9,489 | €8,655 | -€834 | -8.8% |
| Operating profit (loss) | 9901 | €6,858 | €6,885 | +€27 | +0.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €6,222 | €6,285 | +€63 | +1.0% |
| Recurring financial charges | 65 | €6,222 | €6,285 | +€63 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €637 | €599 | -€38 | -5.9% |
| Income taxes | 67/77 | €301 | €308 | +€6 | +2.1% |
| Profit (loss) for the period | 9904 | €336 | €292 | -€44 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €336 | €292 | -€44 | -13.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.