Kris Roelants: 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.
Kris Roelants
Largest movements
- Current investments -€1.1m
down €1.1m (-62.4%), from €1.7m to €649,092
- Cash +€363,931
up €363,931 (+112%), from €325,733 to €689,664
mainly Current investments (+€1.1m) and Other debts (+€1.1m)
- Reserves -€1.8m
down €1.8m (-74.1%), from €2.4m to €618,951
- Other debts +€1.1m
up €1.1m (+61,302%), from €1,718 to €1.1m
- Financial income -€79,263
down €79,263 (-71.7%), from €110,605 to €31,342
- Taxes -€5,161
down €5,161 (-9.8%), from €52,907 to €47,746
- Financial charges -€3,931
down €3,931 (-41.4%), from €9,497 to €5,566
of which Financial charges: -€2,075
- Gross operating margin +€2,818
up €2,818 (+2.3%), from €121,727 to €124,545
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,462,614 | €1,750,551 | -€712,063 | -28.9% |
| Fixed assets | 21/28 | €379,901 | €374,918 | -€4,983 | -1.3% |
| Tangible fixed assets | 22/27 | €20,241 | €15,258 | -€4,983 | -24.6% |
| Furniture and vehicles | 24 | €11,600 | €8,182 | -€3,418 | -29.5% |
| Other tangible fixed assets | 26 | €8,641 | €7,076 | -€1,565 | -18.1% |
| Financial fixed assets | 28 | €359,659 | €359,659 | = | 0.0% |
| Current assets | 29/58 | €2,082,714 | €1,375,633 | -€707,080 | -33.9% |
| Amounts receivable within one year | 40/41 | €19,494 | €32,706 | +€13,212 | +67.8% |
| Trade receivables | 40 | €19,449 | €32,706 | +€13,258 | +68.2% |
| Other amounts receivable | 41 | €46 | €0 | -€46 | -100% |
| Current investments | 50/53 | €1,728,394 | €649,092 | -€1.1m | -62.4% |
| Cash at bank and in hand | 54/58 | €325,733 | €689,664 | +€363,931 | +112% |
| Deferred charges and accrued income | 490/1 | €9,092 | €4,172 | -€4,921 | -54.1% |
| Total equity and liabilities | 10/49 | €2,462,614 | €1,750,551 | -€712,063 | -28.9% |
| Equity | 10/15 | €2,444,253 | €671,545 | -€1.8m | -72.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,389,941 | €618,951 | -€1.8m | -74.1% |
| Distributable reserves | 133 | €2,389,941 | €618,951 | -€1.8m | -74.1% |
| Profit (loss) carried forward | 14 | €41,912 | €40,194 | -€1,718 | -4.1% |
| Amounts payable | 17/49 | €18,362 | €1,079,006 | +€1.1m | +5,776% |
| Amounts payable within one year | 42/48 | €16,275 | €1,076,832 | +€1.1m | +6,516% |
| Trade debts | 44 | €327 | €260 | -€67 | -20.4% |
| Suppliers | 440/4 | €327 | €260 | -€67 | -20.4% |
| Taxes, remuneration and social security | 45 | €14,230 | €21,690 | +€7,459 | +52.4% |
| Taxes | 450/3 | €14,230 | €21,690 | +€7,459 | +52.4% |
| Other amounts payable | 47/48 | €1,718 | €1,054,882 | +€1.1m | +61,302% |
| Accrued charges and deferred income | 492/3 | €2,086 | €2,175 | +€88 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,905 | €3,278 | +€373 | +12.8% |
| Other operating charges | 640/8 | €2,323 | €1,472 | -€852 | -36.7% |
| Non-recurring operating charges | 66A | €0 | €21 | +€21 | |
| Gross operating margin | 9900 | €121,727 | €124,545 | +€2,818 | +2.3% |
| Operating profit (loss) | 9901 | €116,498 | €119,774 | +€3,276 | +2.8% |
| Financial income | 75/76B | €110,605 | €31,342 | -€79,263 | -71.7% |
| Recurring financial income | 75 | €110,605 | €31,342 | -€79,263 | -71.7% |
| Financial charges | 65/66B | €9,497 | €5,566 | -€3,931 | -41.4% |
| Recurring financial charges | 65 | €3,931 | €1,856 | -€2,075 | -52.8% |
| Non-recurring financial charges | 66B | €5,566 | €3,710 | -€1,855 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €217,607 | €145,550 | -€72,057 | -33.1% |
| Income taxes | 67/77 | €52,907 | €47,746 | -€5,161 | -9.8% |
| Profit (loss) for the period | 9904 | €164,700 | €97,804 | -€66,895 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €164,700 | €97,804 | -€66,895 | -40.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2025 and 30 September 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.