Nicolas ROLAND: 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.
Nicolas ROLAND
Largest movements
- Tangible fixed assets +€54,105
up €54,105 (+1,266%), from €4,273 to €58,378
of which Furniture and vehicles: +€54,857
- Receivables within one year +€26,189
up €26,189 (+259%), from €10,113 to €36,302
of which Other amounts receivable: +€26,712
- Cash -€21,988
down €21,988 (-54.5%), from €40,358 to €18,370
mainly Investment in fixed assets (net) (-€67,199) and Receivables within one year (-€26,189)
- Debts after one year +€38,633
new in 2025: €38,633
- Current portion of long-term debt +€12,200
new in 2025: €12,200
- Reserves +€10,000
up €10,000 (+466%), from €2,148 to €12,148
of which Distributable reserves: +€10,000
- Profit (loss) carried forward -€6,305
down €6,305 (-16.5%), from €38,244 to €31,939
- Tax, wage and social debts +€4,302
up €4,302 (+490%), from €878 to €5,180
of which Taxes: +€5,052
- Gross operating margin +€14,815
up €14,815 (+93.9%), from €15,772 to €30,588
- Depreciation +€11,259
up €11,259 (+613%), from €1,835 to €13,094
- Taxes -€2,777
down €2,777 (-60.0%), from €4,628 to €1,851
- Financial charges +€933
up €933 (+372%), from €251 to €1,184
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 | €56,045 | €114,350 | +€58,305 | +104% |
| Fixed assets | 21/28 | €5,573 | €59,678 | +€54,105 | +971% |
| Tangible fixed assets | 22/27 | €4,273 | €58,378 | +€54,105 | +1,266% |
| Plant, machinery and equipment | 23 | €863 | €418 | -€445 | -51.6% |
| Furniture and vehicles | 24 | €2,872 | €57,729 | +€54,857 | +1,910% |
| Leasing and similar rights | 25 | €538 | €231 | -€307 | -57.1% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €50,472 | €54,672 | +€4,200 | +8.3% |
| Amounts receivable within one year | 40/41 | €10,113 | €36,302 | +€26,189 | +259% |
| Trade receivables | 40 | €936 | €413 | -€523 | -55.9% |
| Other amounts receivable | 41 | €9,177 | €35,889 | +€26,712 | +291% |
| Cash at bank and in hand | 54/58 | €40,358 | €18,370 | -€21,988 | -54.5% |
| Total equity and liabilities | 10/49 | €56,045 | €114,350 | +€58,305 | +104% |
| Equity | 10/15 | €54,642 | €58,337 | +€3,695 | +6.8% |
| Contributions | 10/11 | €14,250 | €14,250 | = | 0.0% |
| Reserves | 13 | €2,148 | €12,148 | +€10,000 | +466% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €288 | €288 | = | 0.0% |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €38,244 | €31,939 | -€6,305 | -16.5% |
| Amounts payable | 17/49 | €1,403 | €56,013 | +€54,610 | +3,892% |
| Amounts payable after more than one year | 17 | - | €38,633 | +€38,633 | |
| Financial debts | 170/4 | - | €38,633 | +€38,633 | |
| Amounts payable within one year | 42/48 | €1,403 | €17,380 | +€15,977 | +1,139% |
| Current portion of amounts payable after more than one year | 42 | - | €12,200 | +€12,200 | |
| Trade debts | 44 | €525 | - | -€525 | |
| Suppliers | 440/4 | €525 | - | -€525 | |
| Taxes, remuneration and social security | 45 | €878 | €5,180 | +€4,302 | +490% |
| Taxes | 450/3 | €128 | €5,180 | +€5,052 | +3,945% |
| Remuneration and social security | 454/9 | €750 | - | -€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,835 | €13,094 | +€11,259 | +613% |
| Other operating charges | 640/8 | €736 | €763 | +€27 | +3.7% |
| Gross operating margin | 9900 | €15,772 | €30,588 | +€14,815 | +93.9% |
| Operating profit (loss) | 9901 | €13,201 | €16,730 | +€3,529 | +26.7% |
| Financial income | 75/76B | €20 | €0 | -€20 | -99.6% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -99.6% |
| Financial charges | 65/66B | €251 | €1,184 | +€933 | +372% |
| Recurring financial charges | 65 | €251 | €1,184 | +€933 | +372% |
| Profit (loss) for the period before taxes | 9903 | €12,970 | €15,546 | +€2,576 | +19.9% |
| Income taxes | 67/77 | €4,628 | €1,851 | -€2,777 | -60.0% |
| Profit (loss) for the period | 9904 | €8,342 | €13,695 | +€5,353 | +64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,342 | €13,695 | +€5,353 | +64.2% |
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 21 October 2026 via checked.be.