IT ROELS: 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.
IT ROELS
Largest movements
- Current investments +€34,922
new in 2025: €34,922
- Receivables within one year +€11,942
up €11,942 (+45.2%), from €26,391 to €38,333
of which Other amounts receivable: +€21,259
- Cash -€9,555
down €9,555 (-18.1%), from €52,867 to €43,313
mainly Current investments (-€34,922) and Debts after one year (-€17,770)
- Reserves +€61,807
up €61,807 (+57.5%), from €107,525 to €169,332
- Debts after one year -€17,770
down €17,770 (-38.5%), from €46,173 to €28,403
- Other debts -€4,289
down €4,289 (-68.6%), from €6,255 to €1,967
- Tax, wage and social debts -€4,288
down €4,288 (-30.6%), from €14,016 to €9,728
- Gross operating margin -€1,646
down €1,646 (-1.9%), from €88,133 to €86,487
- Financial income +€1,337
up €1,337 (+1,369%), from €98 to €1,435
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 | €193,121 | €228,682 | +€35,561 | +18.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €90,000 | €90,000 | = | 0.0% |
| Financial fixed assets | 28 | €90,000 | €90,000 | = | 0.0% |
| Current assets | 29/58 | €103,121 | €138,682 | +€35,561 | +34.5% |
| Amounts receivable after more than one year | 29 | €22,432 | €20,473 | -€1,959 | -8.7% |
| Other amounts receivable | 291 | €22,432 | €20,473 | -€1,959 | -8.7% |
| Amounts receivable within one year | 40/41 | €26,391 | €38,333 | +€11,942 | +45.2% |
| Trade receivables | 40 | €24,490 | €15,173 | -€9,317 | -38.0% |
| Other amounts receivable | 41 | €1,901 | €23,160 | +€21,259 | +1,118% |
| Current investments | 50/53 | - | €34,922 | +€34,922 | |
| Cash at bank and in hand | 54/58 | €52,867 | €43,313 | -€9,555 | -18.1% |
| Deferred charges and accrued income | 490/1 | €1,431 | €1,642 | +€211 | +14.8% |
| Total equity and liabilities | 10/49 | €193,121 | €228,682 | +€35,561 | +18.4% |
| Equity | 10/15 | €108,525 | €170,332 | +€61,807 | +57.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €107,525 | €169,332 | +€61,807 | +57.5% |
| Distributable reserves | 133 | €107,525 | €169,332 | +€61,807 | +57.5% |
| Amounts payable | 17/49 | €84,596 | €58,350 | -€26,246 | -31.0% |
| Amounts payable after more than one year | 17 | €46,173 | €28,403 | -€17,770 | -38.5% |
| Financial debts | 170/4 | €46,173 | €28,403 | -€17,770 | -38.5% |
| Amounts payable within one year | 42/48 | €37,278 | €29,464 | -€7,813 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €17,006 | €17,770 | +€764 | +4.5% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €14,016 | €9,728 | -€4,288 | -30.6% |
| Taxes | 450/3 | €14,016 | €9,728 | -€4,288 | -30.6% |
| Other amounts payable | 47/48 | €6,255 | €1,967 | -€4,289 | -68.6% |
| Accrued charges and deferred income | 492/3 | €1,146 | €483 | -€662 | -57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €552 | €0 | -€552 | -100% |
| Other operating charges | 640/8 | €266 | €336 | +€70 | +26.4% |
| Gross operating margin | 9900 | €88,133 | €86,487 | -€1,646 | -1.9% |
| Operating profit (loss) | 9901 | €87,315 | €86,151 | -€1,164 | -1.3% |
| Financial income | 75/76B | €98 | €1,435 | +€1,337 | +1,369% |
| Recurring financial income | 75 | €98 | €1,435 | +€1,337 | +1,369% |
| Financial charges | 65/66B | €4,367 | €3,638 | -€729 | -16.7% |
| Recurring financial charges | 65 | €4,367 | €3,638 | -€729 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €83,045 | €83,948 | +€902 | +1.1% |
| Income taxes | 67/77 | €21,977 | €22,141 | +€163 | +0.7% |
| Profit (loss) for the period | 9904 | €61,068 | €61,807 | +€739 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,068 | €61,807 | +€739 | +1.2% |
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 17 October 2026 via checked.be.