J. Roumanos: 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.
J. Roumanos
Largest movements
- Receivables within one year +€87,000
new in 2025: €87,000
- Cash +€73,785
up €73,785 (+1,844%), from €4,001 to €77,786
mainly Debts after one year (+€79,035) and Net result for the year (+€75,224)
- Deferred charges and accrued income +€15,967
up €15,967 (+5,686%), from €281 to €16,248
- Intangible fixed assets -€4,900
down €4,900 (-10.0%), from €49,000 to €44,100
- Tangible fixed assets -€4,000
down €4,000 (-10.0%), from €40,000 to €36,000
- Debts after one year +€79,035
new in 2025: €79,035
- Reserves +€75,224
up €75,224 (+119%), from €63,203 to €138,427
- Short-term financial debts +€6,452
new in 2025: €6,452
- Tax, wage and social debts +€5,724
up €5,724 (+23.7%), from €24,193 to €29,917
- Gross operating margin +€28,662
up €28,662 (+32.4%), from €88,440 to €117,103
- Depreciation +€8,900
new in 2025: €8,900
- Taxes +€5,724
up €5,724 (+23.7%), from €24,193 to €29,917
- Financial charges +€2,111
up €2,111 (+202%), from €1,045 to €3,155
- Financial income +€1,922
new in 2025: €1,922
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 | €93,282 | €261,133 | +€167,852 | +180% |
| Fixed assets | 21/28 | €89,000 | €80,100 | -€8,900 | -10.0% |
| Intangible fixed assets | 21 | €49,000 | €44,100 | -€4,900 | -10.0% |
| Tangible fixed assets | 22/27 | €40,000 | €36,000 | -€4,000 | -10.0% |
| Other tangible fixed assets | 26 | €40,000 | €36,000 | -€4,000 | -10.0% |
| Current assets | 29/58 | €4,282 | €181,033 | +€176,752 | +4,128% |
| Amounts receivable within one year | 40/41 | - | €87,000 | +€87,000 | |
| Other amounts receivable | 41 | - | €87,000 | +€87,000 | |
| Cash at bank and in hand | 54/58 | €4,001 | €77,786 | +€73,785 | +1,844% |
| Deferred charges and accrued income | 490/1 | €281 | €16,248 | +€15,967 | +5,686% |
| Total equity and liabilities | 10/49 | €93,282 | €261,133 | +€167,852 | +180% |
| Equity | 10/15 | €67,203 | €142,427 | +€75,224 | +112% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €63,203 | €138,427 | +€75,224 | +119% |
| Distributable reserves | 133 | €63,203 | €138,427 | +€75,224 | +119% |
| Amounts payable | 17/49 | €26,079 | €118,706 | +€92,627 | +355% |
| Amounts payable after more than one year | 17 | - | €79,035 | +€79,035 | |
| Financial debts | 170/4 | - | €79,035 | +€79,035 | |
| Amounts payable within one year | 42/48 | €26,079 | €39,672 | +€13,593 | +52.1% |
| Financial debts | 43 | - | €6,452 | +€6,452 | |
| Credit institutions | 430/8 | - | €6,452 | +€6,452 | |
| Trade debts | 44 | - | €1,757 | +€1,757 | |
| Suppliers | 440/4 | - | €1,757 | +€1,757 | |
| Taxes, remuneration and social security | 45 | €24,193 | €29,917 | +€5,724 | +23.7% |
| Taxes | 450/3 | €24,193 | €29,917 | +€5,724 | +23.7% |
| Other amounts payable | 47/48 | €1,886 | €1,546 | -€340 | -18.0% |
| Remuneration, social security and pensions | 62 | - | €747 | +€747 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,900 | +€8,900 | |
| Non-recurring operating charges | 66A | - | €1,082 | +€1,082 | |
| Gross operating margin | 9900 | €88,440 | €117,103 | +€28,662 | +32.4% |
| Operating profit (loss) | 9901 | €88,440 | €106,374 | +€17,933 | +20.3% |
| Financial income | 75/76B | - | €1,922 | +€1,922 | |
| Recurring financial income | 75 | - | €1,922 | +€1,922 | |
| Financial charges | 65/66B | €1,045 | €3,155 | +€2,111 | +202% |
| Recurring financial charges | 65 | €1,045 | €3,155 | +€2,111 | +202% |
| Profit (loss) for the period before taxes | 9903 | €87,396 | €105,141 | +€17,745 | +20.3% |
| Income taxes | 67/77 | €24,193 | €29,917 | +€5,724 | +23.7% |
| Profit (loss) for the period | 9904 | €63,203 | €75,224 | +€12,021 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,203 | €75,224 | +€12,021 | +19.0% |
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.