Ludwig VROMMAN: 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.
Ludwig VROMMAN
Largest movements
- Cash +€127,801
up €127,801 (+82.8%), from €154,356 to €282,157
mainly Receivables within one year (+€73,172) and Net result for the year (+€56,721)
- Receivables within one year -€73,172
down €73,172 (-99.9%), from €73,221 to €49
- Reserves +€56,721
up €56,721 (+122%), from €46,646 to €103,366
- Other operating charges -€27,414
down €27,414 (-98.1%), from €27,941 to €528
- Gross operating margin -€14,633
down €14,633 (-12.9%), from €113,724 to €99,091
- Taxes +€4,278
up €4,278 (+17.8%), from €24,089 to €28,367
- Financial charges -€1,713
down €1,713 (-12.3%), from €13,966 to €12,252
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 | €236,575 | €290,059 | +€53,483 | +22.6% |
| Fixed assets | 21/28 | €4,252 | €3,029 | -€1,223 | -28.8% |
| Tangible fixed assets | 22/27 | €4,252 | €3,029 | -€1,223 | -28.8% |
| Furniture and vehicles | 24 | €4,252 | €3,029 | -€1,223 | -28.8% |
| Current assets | 29/58 | €232,324 | €287,030 | +€54,706 | +23.5% |
| Amounts receivable within one year | 40/41 | €73,221 | €49 | -€73,172 | -99.9% |
| Trade receivables | 40 | €73,221 | €49 | -€73,172 | -99.9% |
| Cash at bank and in hand | 54/58 | €154,356 | €282,157 | +€127,801 | +82.8% |
| Deferred charges and accrued income | 490/1 | €4,747 | €4,824 | +€77 | +1.6% |
| Total equity and liabilities | 10/49 | €236,575 | €290,059 | +€53,483 | +22.6% |
| Equity | 10/15 | €86,011 | €142,732 | +€56,721 | +65.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €46,646 | €103,366 | +€56,721 | +122% |
| Distributable reserves | 133 | €46,646 | €103,366 | +€56,721 | +122% |
| Profit (loss) carried forward | 14 | €37,366 | €37,366 | = | 0.0% |
| Amounts payable | 17/49 | €150,564 | €147,326 | -€3,238 | -2.2% |
| Amounts payable within one year | 42/48 | €150,564 | €147,326 | -€3,238 | -2.2% |
| Trade debts | 44 | €2,955 | €2,885 | -€70 | -2.4% |
| Suppliers | 440/4 | €2,955 | €2,885 | -€70 | -2.4% |
| Taxes, remuneration and social security | 45 | €37,629 | €34,885 | -€2,744 | -7.3% |
| Taxes | 450/3 | €37,629 | €34,885 | -€2,744 | -7.3% |
| Other amounts payable | 47/48 | €109,980 | €109,556 | -€423 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,223 | €1,223 | = | 0.0% |
| Other operating charges | 640/8 | €27,941 | €528 | -€27,414 | -98.1% |
| Gross operating margin | 9900 | €113,724 | €99,091 | -€14,633 | -12.9% |
| Operating profit (loss) | 9901 | €84,560 | €97,340 | +€12,781 | +15.1% |
| Financial income | 75/76B | €141 | - | -€141 | |
| Recurring financial income | 75 | €141 | - | -€141 | |
| Financial charges | 65/66B | €13,966 | €12,252 | -€1,713 | -12.3% |
| Recurring financial charges | 65 | €13,966 | €12,252 | -€1,713 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €70,735 | €85,088 | +€14,353 | +20.3% |
| Income taxes | 67/77 | €24,089 | €28,367 | +€4,278 | +17.8% |
| Profit (loss) for the period | 9904 | €46,646 | €56,721 | +€10,075 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,646 | €56,721 | +€10,075 | +21.6% |
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 29 October 2026 via checked.be.