JORIS ROELANDT: what changed
JORIS ROELANDT
Largest movements
- Cash +€69,822
up €69,822 (+122%), from €57,463 to €127,285
mainly Net result for the year (+€44,588) and Current investments (+€17,500)
- Current investments -€17,500
down €17,500 (-70.0%), from €25,000 to €7,500
- Receivables within one year +€3,088
up €3,088 (+25.8%), from €11,979 to €15,067
of which Other amounts receivable: +€2,650
- Tangible fixed assets -€2,101
down €2,101 (-15.4%), from €13,645 to €11,544
of which Furniture and vehicles: -€3,531
- Reserves +€44,588
up €44,588 (+49.3%), from €90,436 to €135,024
- Tax, wage and social debts +€8,154
up €8,154 (+56.2%), from €14,502 to €22,656
- Gross operating margin +€15,936
up €15,936 (+34.3%), from €46,453 to €62,388
- Depreciation +€2,327
up €2,327 (+96.8%), from €2,403 to €4,730
- Taxes +€2,105
up €2,105 (+20.5%), from €10,269 to €12,374
- Staff costs +€1,920
no longer reported in 2025 (was -€1,920)
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 | €108,406 | €161,396 | +€52,991 | +48.9% |
| Fixed assets | 21/28 | €13,645 | €11,544 | -€2,101 | -15.4% |
| Tangible fixed assets | 22/27 | €13,645 | €11,544 | -€2,101 | -15.4% |
| Plant, machinery and equipment | 23 | €4,308 | €5,737 | +€1,429 | +33.2% |
| Furniture and vehicles | 24 | €9,338 | €5,807 | -€3,531 | -37.8% |
| Current assets | 29/58 | €94,760 | €149,852 | +€55,092 | +58.1% |
| Amounts receivable within one year | 40/41 | €11,979 | €15,067 | +€3,088 | +25.8% |
| Trade receivables | 40 | €11,979 | €12,416 | +€437 | +3.6% |
| Other amounts receivable | 41 | - | €2,650 | +€2,650 | |
| Current investments | 50/53 | €25,000 | €7,500 | -€17,500 | -70.0% |
| Cash at bank and in hand | 54/58 | €57,463 | €127,285 | +€69,822 | +122% |
| Deferred charges and accrued income | 490/1 | €318 | - | -€318 | |
| Total equity and liabilities | 10/49 | €108,406 | €161,396 | +€52,991 | +48.9% |
| Equity | 10/15 | €93,436 | €138,024 | +€44,588 | +47.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €90,436 | €135,024 | +€44,588 | +49.3% |
| Distributable reserves | 133 | €90,436 | €135,024 | +€44,588 | +49.3% |
| Amounts payable | 17/49 | €14,969 | €23,372 | +€8,403 | +56.1% |
| Amounts payable within one year | 42/48 | €14,969 | €23,372 | +€8,403 | +56.1% |
| Trade debts | 44 | €9 | €258 | +€249 | +2,688% |
| Suppliers | 440/4 | €9 | €258 | +€249 | +2,688% |
| Taxes, remuneration and social security | 45 | €14,502 | €22,656 | +€8,154 | +56.2% |
| Taxes | 450/3 | €14,502 | €22,656 | +€8,154 | +56.2% |
| Other amounts payable | 47/48 | €458 | €458 | = | 0.0% |
| Remuneration, social security and pensions | 62 | -€1,920 | - | +€1,920 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,403 | €4,730 | +€2,327 | +96.8% |
| Other operating charges | 640/8 | €317 | €275 | -€42 | -13.3% |
| Gross operating margin | 9900 | €46,453 | €62,388 | +€15,936 | +34.3% |
| Operating profit (loss) | 9901 | €45,653 | €57,384 | +€11,731 | +25.7% |
| Financial income | 75/76B | €459 | €279 | -€180 | -39.2% |
| Recurring financial income | 75 | €459 | €279 | -€180 | -39.2% |
| Financial charges | 65/66B | €730 | €701 | -€29 | -4.0% |
| Recurring financial charges | 65 | €730 | €701 | -€29 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €45,382 | €56,961 | +€11,580 | +25.5% |
| Income taxes | 67/77 | €10,269 | €12,374 | +€2,105 | +20.5% |
| Profit (loss) for the period | 9904 | €35,113 | €44,588 | +€9,475 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,113 | €44,588 | +€9,475 | +27.0% |
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 2 November 2026 via checked.be.