Marc Rommelaere: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
Marc Rommelaere
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€75,497
down €75,497 (-42.3%), from €178,311 to €102,815
mainly Current investments (-€100,000) and Receivables within one year (-€6,093)
- Receivables within one year +€6,093
up €6,093 (+44.6%), from €13,654 to €19,748
of which Trade receivables: +€4,103
- Reserves +€26,573
up €26,573 (+14.6%), from €181,780 to €208,352
- Trade debts +€4,646
up €4,646 (+167%), from €2,774 to €7,420
- Gross operating margin -€26,919
down €26,919 (-38.0%), from €70,862 to €43,943
- Taxes -€6,921
down €6,921 (-34.2%), from €20,247 to €13,326
- Depreciation -€5,036
down €5,036 (-72.4%), from €6,958 to €1,922
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 | €194,096 | €222,929 | +€28,833 | +14.9% |
| Fixed assets | 21/28 | €1,922 | €0 | -€1,922 | -100% |
| Tangible fixed assets | 22/27 | €1,922 | €0 | -€1,922 | -100% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,922 | €0 | -€1,922 | -100% |
| Current assets | 29/58 | €192,175 | €222,929 | +€30,754 | +16.0% |
| Amounts receivable within one year | 40/41 | €13,654 | €19,748 | +€6,093 | +44.6% |
| Trade receivables | 40 | €13,361 | €17,463 | +€4,103 | +30.7% |
| Other amounts receivable | 41 | €294 | €2,284 | +€1,991 | +678% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €178,311 | €102,815 | -€75,497 | -42.3% |
| Deferred charges and accrued income | 490/1 | €209 | €367 | +€158 | +75.5% |
| Total equity and liabilities | 10/49 | €194,096 | €222,929 | +€28,833 | +14.9% |
| Equity | 10/15 | €186,780 | €213,352 | +€26,573 | +14.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €181,780 | €208,352 | +€26,573 | +14.6% |
| Distributable reserves | 133 | €181,780 | €208,352 | +€26,573 | +14.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,317 | €9,577 | +€2,260 | +30.9% |
| Amounts payable within one year | 42/48 | €7,317 | €9,577 | +€2,260 | +30.9% |
| Trade debts | 44 | €2,774 | €7,420 | +€4,646 | +167% |
| Suppliers | 440/4 | €2,774 | €7,420 | +€4,646 | +167% |
| Taxes, remuneration and social security | 45 | €2,186 | €42 | -€2,144 | -98.1% |
| Taxes | 450/3 | €2,186 | €42 | -€2,144 | -98.1% |
| Other amounts payable | 47/48 | €2,357 | €2,115 | -€242 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,958 | €1,922 | -€5,036 | -72.4% |
| Other operating charges | 640/8 | €961 | €990 | +€29 | +3.0% |
| Gross operating margin | 9900 | €70,862 | €43,943 | -€26,919 | -38.0% |
| Operating profit (loss) | 9901 | €62,943 | €41,031 | -€21,912 | -34.8% |
| Financial income | 75/76B | €206 | €600 | +€395 | +192% |
| Recurring financial income | 75 | €206 | €600 | +€395 | +192% |
| Financial charges | 65/66B | €74 | €66 | -€8 | -10.3% |
| Recurring financial charges | 65 | €74 | €66 | -€8 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €63,075 | €41,565 | -€21,510 | -34.1% |
| Income taxes | 67/77 | €20,247 | €13,326 | -€6,921 | -34.2% |
| Profit (loss) for the period | 9904 | €42,827 | €28,239 | -€14,589 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,827 | €28,239 | -€14,589 | -34.1% |
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 1 November 2026 via checked.be.