K. ROELANDT: 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.
K. ROELANDT
Largest movements
- Receivables within one year +€27,344
up €27,344 (+19.1%), from €142,826 to €170,170
of which Other amounts receivable: +€26,288
- Cash +€22,277
up €22,277 (+49.4%), from €45,131 to €67,408
mainly Net result for the year (+€182,132) and Other debts (+€50,616)
- Tangible fixed assets +€9,943
up €9,943 (+69.2%), from €14,365 to €24,308
of which Other tangible fixed assets: +€11,515
- Other debts +€50,616
up €50,616 (+32.4%), from €156,293 to €206,909
- Tax, wage and social debts +€32,861
up €32,861 (+140%), from €23,491 to €56,352
- Profit (loss) carried forward -€24,778
no longer reported in 2025 (was €24,778)
- Gross operating margin +€42,526
up €42,526 (+20.5%), from €207,841 to €250,367
- Taxes +€6,912
up €6,912 (+13.6%), from €50,994 to €57,906
- Financial income -€3,962
down €3,962 (-96.3%), from €4,114 to €152
- Financial charges +€2,698
up €2,698 (+338%), from €797 to €3,495
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 | €208,192 | €265,432 | +€57,239 | +27.5% |
| Fixed assets | 21/28 | €14,365 | €24,308 | +€9,943 | +69.2% |
| Tangible fixed assets | 22/27 | €14,365 | €24,308 | +€9,943 | +69.2% |
| Furniture and vehicles | 24 | €8,363 | €6,791 | -€1,572 | -18.8% |
| Other tangible fixed assets | 26 | €6,002 | €17,517 | +€11,515 | +192% |
| Current assets | 29/58 | €193,827 | €241,123 | +€47,296 | +24.4% |
| Amounts receivable within one year | 40/41 | €142,826 | €170,170 | +€27,344 | +19.1% |
| Trade receivables | 40 | €142,826 | €143,882 | +€1,056 | +0.7% |
| Other amounts receivable | 41 | - | €26,288 | +€26,288 | |
| Cash at bank and in hand | 54/58 | €45,131 | €67,408 | +€22,277 | +49.4% |
| Deferred charges and accrued income | 490/1 | €5,870 | €3,546 | -€2,324 | -39.6% |
| Total equity and liabilities | 10/49 | €208,192 | €265,432 | +€57,239 | +27.5% |
| Equity | 10/15 | €26,778 | €2,000 | -€24,778 | -92.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,778 | - | -€24,778 | |
| Amounts payable | 17/49 | €181,415 | €263,432 | +€82,017 | +45.2% |
| Amounts payable within one year | 42/48 | €181,415 | €263,432 | +€82,017 | +45.2% |
| Financial debts | 43 | - | €41 | +€41 | |
| Credit institutions | 430/8 | - | €41 | +€41 | |
| Trade debts | 44 | €1,630 | €130 | -€1,501 | -92.1% |
| Suppliers | 440/4 | €1,630 | €130 | -€1,501 | -92.1% |
| Taxes, remuneration and social security | 45 | €23,491 | €56,352 | +€32,861 | +140% |
| Taxes | 450/3 | €23,491 | €56,352 | +€32,861 | +140% |
| Other amounts payable | 47/48 | €156,293 | €206,909 | +€50,616 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,068 | €6,129 | +€1,061 | +20.9% |
| Other operating charges | 640/8 | €905 | €730 | -€175 | -19.4% |
| Non-recurring operating charges | 66A | - | €127 | +€127 | |
| Gross operating margin | 9900 | €207,841 | €250,367 | +€42,526 | +20.5% |
| Operating profit (loss) | 9901 | €201,867 | €243,381 | +€41,514 | +20.6% |
| Financial income | 75/76B | €4,114 | €152 | -€3,962 | -96.3% |
| Recurring financial income | 75 | €4,114 | €152 | -€3,962 | -96.3% |
| Financial charges | 65/66B | €797 | €3,495 | +€2,698 | +338% |
| Recurring financial charges | 65 | €797 | €3,495 | +€2,698 | +338% |
| Profit (loss) for the period before taxes | 9903 | €205,184 | €240,038 | +€34,854 | +17.0% |
| Income taxes | 67/77 | €50,994 | €57,906 | +€6,912 | +13.6% |
| Profit (loss) for the period | 9904 | €154,189 | €182,132 | +€27,942 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €154,189 | €182,132 | +€27,942 | +18.1% |
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 24 October 2026 via checked.be.