MY ROAD: 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.
MY ROAD
Largest movements
- Receivables within one year +€136,858
up €136,858 (+30.9%), from €442,348 to €579,206
of which Trade receivables: +€102,544
- Tangible fixed assets +€73,313
up €73,313 (+14.8%), from €496,274 to €569,587
of which Leasing and similar rights: +€61,279
- Cash -€38,306
down €38,306 (-56.5%), from €67,845 to €29,539
mainly Investment in fixed assets (net) (-€315,993) and Receivables within one year (-€136,858)
- Short-term financial debts +€71,147
new in 2025: €71,147
- Profit (loss) carried forward +€70,265
up €70,265 (+46.2%), from €152,172 to €222,437
- Tax, wage and social debts -€66,093
down €66,093 (-27.3%), from €242,004 to €175,911
of which Taxes: -€53,618
- Trade debts +€52,264
up €52,264 (+165%), from €31,650 to €83,914
- Current portion of long-term debt +€51,406
up €51,406 (+29.3%), from €175,570 to €226,975
- Gross operating margin +€482,392
up €482,392 (+53.0%), from €910,597 to €1.4m
- Staff costs +€406,081
up €406,081 (+77.7%), from €522,663 to €928,744
- Depreciation +€174,940
up €174,940 (+259%), from €67,605 to €242,545
- Taxes -€36,517
down €36,517 (-51.3%), from €71,147 to €34,631
- Financial charges +€25,792
up €25,792 (+182%), from €14,205 to €39,997
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 | €1,029,547 | €1,212,053 | +€182,507 | +17.7% |
| Fixed assets | 21/28 | €519,354 | €592,802 | +€73,448 | +14.1% |
| Tangible fixed assets | 22/27 | €496,274 | €569,587 | +€73,313 | +14.8% |
| Plant, machinery and equipment | 23 | - | €934 | +€934 | |
| Furniture and vehicles | 24 | - | €9,236 | +€9,236 | |
| Leasing and similar rights | 25 | €496,274 | €557,552 | +€61,279 | +12.3% |
| Other tangible fixed assets | 26 | - | €1,864 | +€1,864 | |
| Financial fixed assets | 28 | €23,080 | €23,215 | +€135 | +0.6% |
| Current assets | 29/58 | €510,193 | €619,252 | +€109,059 | +21.4% |
| Amounts receivable within one year | 40/41 | €442,348 | €579,206 | +€136,858 | +30.9% |
| Trade receivables | 40 | €223,273 | €325,818 | +€102,544 | +45.9% |
| Other amounts receivable | 41 | €219,075 | €253,389 | +€34,314 | +15.7% |
| Cash at bank and in hand | 54/58 | €67,845 | €29,539 | -€38,306 | -56.5% |
| Deferred charges and accrued income | 490/1 | - | €10,507 | +€10,507 | |
| Total equity and liabilities | 10/49 | €1,029,547 | €1,212,053 | +€182,507 | +17.7% |
| Equity | 10/15 | €253,172 | €323,437 | +€70,265 | +27.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,172 | €222,437 | +€70,265 | +46.2% |
| Amounts payable | 17/49 | €776,374 | €888,616 | +€112,242 | +14.5% |
| Amounts payable after more than one year | 17 | €295,151 | €316,530 | +€21,379 | +7.2% |
| Financial debts | 170/4 | €295,151 | €316,530 | +€21,379 | +7.2% |
| Amounts payable within one year | 42/48 | €481,223 | €562,478 | +€81,255 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €175,570 | €226,975 | +€51,406 | +29.3% |
| Financial debts | 43 | - | €71,147 | +€71,147 | |
| Credit institutions | 430/8 | - | €71,147 | +€71,147 | |
| Trade debts | 44 | €31,650 | €83,914 | +€52,264 | +165% |
| Suppliers | 440/4 | €31,650 | €83,914 | +€52,264 | +165% |
| Taxes, remuneration and social security | 45 | €242,004 | €175,911 | -€66,093 | -27.3% |
| Taxes | 450/3 | €162,456 | €108,837 | -€53,618 | -33.0% |
| Remuneration and social security | 454/9 | €79,549 | €67,074 | -€12,475 | -15.7% |
| Other amounts payable | 47/48 | €32,000 | €4,531 | -€27,469 | -85.8% |
| Accrued charges and deferred income | 492/3 | - | €9,608 | +€9,608 | |
| Remuneration, social security and pensions | 62 | €522,663 | €928,744 | +€406,081 | +77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,605 | €242,545 | +€174,940 | +259% |
| Other operating charges | 640/8 | €58,751 | €77,615 | +€18,865 | +32.1% |
| Gross operating margin | 9900 | €910,597 | €1,392,989 | +€482,392 | +53.0% |
| Operating profit (loss) | 9901 | €261,579 | €144,085 | -€117,494 | -44.9% |
| Financial income | 75/76B | €2,631 | €808 | -€1,823 | -69.3% |
| Recurring financial income | 75 | €2,631 | €808 | -€1,823 | -69.3% |
| Financial charges | 65/66B | €14,205 | €39,997 | +€25,792 | +182% |
| Recurring financial charges | 65 | €14,205 | €39,997 | +€25,792 | +182% |
| Profit (loss) for the period before taxes | 9903 | €250,005 | €104,896 | -€145,109 | -58.0% |
| Income taxes | 67/77 | €71,147 | €34,631 | -€36,517 | -51.3% |
| Profit (loss) for the period | 9904 | €178,857 | €70,265 | -€108,592 | -60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €178,857 | €70,265 | -€108,592 | -60.7% |
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 16 October 2026 via checked.be.