Frederik Roels Engineering: what changed
Frederik Roels Engineering
Largest movements
- Cash +€23,911
up €23,911 (+637%), from €3,753 to €27,664
mainly Other debts (+€28,033) and Depreciation (+€25,266)
- Tangible fixed assets +€18,860
up €18,860 (+10.5%), from €179,364 to €198,224
of which Other tangible fixed assets: +€12,498
- Receivables within one year +€7,936
up €7,936 (+69.3%), from €11,450 to €19,386
of which Trade receivables: +€10,005
- Other debts +€28,033
up €28,033 (+49.5%), from €56,645 to €84,678
- Reserves +€24,281
up €24,281 (+107%), from €22,647 to €46,929
- Tax, wage and social debts +€11,459
up €11,459 (+183%), from €6,246 to €17,705
- Debts after one year -€10,594
down €10,594 (-11.5%), from €91,905 to €81,311
- Trade debts -€4,309
down €4,309 (-87.8%), from €4,905 to €596
- Gross operating margin +€22,045
up €22,045 (+59.9%), from €36,809 to €58,854
- Depreciation +€10,584
up €10,584 (+72.1%), from €14,682 to €25,266
- Taxes +€2,420
up €2,420 (+90.4%), from €2,678 to €5,099
- Financial charges +€1,693
up €1,693 (+94.8%), from €1,785 to €3,478
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 | €198,266 | €247,492 | +€49,226 | +24.8% |
| Fixed assets | 21/28 | €183,063 | €200,442 | +€17,379 | +9.5% |
| Intangible fixed assets | 21 | €3,700 | €2,218 | -€1,481 | -40.0% |
| Tangible fixed assets | 22/27 | €179,364 | €198,224 | +€18,860 | +10.5% |
| Plant, machinery and equipment | 23 | €17,431 | €20,612 | +€3,181 | +18.2% |
| Furniture and vehicles | 24 | €71,704 | €74,885 | +€3,182 | +4.4% |
| Other tangible fixed assets | 26 | €90,229 | €102,726 | +€12,498 | +13.9% |
| Current assets | 29/58 | €15,203 | €47,050 | +€31,847 | +209% |
| Amounts receivable within one year | 40/41 | €11,450 | €19,386 | +€7,936 | +69.3% |
| Trade receivables | 40 | €9,382 | €19,386 | +€10,005 | +107% |
| Other amounts receivable | 41 | €2,068 | €0 | -€2,068 | -100% |
| Cash at bank and in hand | 54/58 | €3,753 | €27,664 | +€23,911 | +637% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €198,266 | €247,492 | +€49,226 | +24.8% |
| Equity | 10/15 | €27,647 | €51,929 | +€24,281 | +87.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €22,647 | €46,929 | +€24,281 | +107% |
| Distributable reserves | 133 | €22,647 | €46,929 | +€24,281 | +107% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €170,619 | €195,564 | +€24,945 | +14.6% |
| Amounts payable after more than one year | 17 | €91,905 | €81,311 | -€10,594 | -11.5% |
| Financial debts | 170/4 | €91,905 | €81,311 | -€10,594 | -11.5% |
| Amounts payable within one year | 42/48 | €78,034 | €113,573 | +€35,539 | +45.5% |
| Current portion of amounts payable after more than one year | 42 | €10,238 | €10,594 | +€356 | +3.5% |
| Trade debts | 44 | €4,905 | €596 | -€4,309 | -87.8% |
| Suppliers | 440/4 | €4,905 | €596 | -€4,309 | -87.8% |
| Taxes, remuneration and social security | 45 | €6,246 | €17,705 | +€11,459 | +183% |
| Taxes | 450/3 | €6,246 | €17,705 | +€11,459 | +183% |
| Other amounts payable | 47/48 | €56,645 | €84,678 | +€28,033 | +49.5% |
| Accrued charges and deferred income | 492/3 | €680 | €680 | = | 0.0% |
| Non-recurring operating income | 76A | - | €9,680 | +€9,680 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,682 | €25,266 | +€10,584 | +72.1% |
| Other operating charges | 640/8 | €883 | €833 | -€50 | -5.7% |
| Gross operating margin | 9900 | €36,809 | €58,854 | +€22,045 | +59.9% |
| Operating profit (loss) | 9901 | €21,244 | €32,755 | +€11,511 | +54.2% |
| Financial income | 75/76B | €211 | €102 | -€108 | -51.4% |
| Recurring financial income | 75 | €211 | €102 | -€108 | -51.4% |
| Financial charges | 65/66B | €1,785 | €3,478 | +€1,693 | +94.8% |
| Recurring financial charges | 65 | €1,785 | €3,478 | +€1,693 | +94.8% |
| Profit (loss) for the period before taxes | 9903 | €19,669 | €29,380 | +€9,710 | +49.4% |
| Income taxes | 67/77 | €2,678 | €5,099 | +€2,420 | +90.4% |
| Profit (loss) for the period | 9904 | €16,991 | €24,281 | +€7,290 | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,991 | €24,281 | +€7,290 | +42.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.