Olivier Roose: 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.
Olivier Roose
Largest movements
- Current investments +€10,000
up €10,000 (+55.6%), from €18,000 to €28,000
- Cash -€6,347
down €6,347 (-11.4%), from €55,710 to €49,363
mainly Current investments (-€10,000) and Tax, wage and social debts (-€7,606)
- Receivables within one year +€3,548
up €3,548 (+33.0%), from €10,738 to €14,286
of which Other amounts receivable: +€4,245
- Tangible fixed assets +€2,122
up €2,122 (+136%), from €1,566 to €3,688
of which Plant, machinery and equipment: +€1,514
- Reserves +€21,253
up €21,253 (+36.9%), from €57,641 to €78,894
- Tax, wage and social debts -€7,606
down €7,606 (-36.4%), from €20,921 to €13,315
- Other debts -€4,134
down €4,134 (-86.6%), from €4,774 to €640
- Gross operating margin -€694
down €694 (-2.1%), from €33,176 to €32,483
- Other operating charges +€431
up €431 (+55.2%), from €782 to €1,213
- Depreciation +€351
up €351 (+66.7%), from €526 to €877
- Financial income -€345
down €345 (-73.1%), from €473 to €127
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 | €87,575 | €96,839 | +€9,263 | +10.6% |
| Fixed assets | 21/28 | €1,566 | €3,688 | +€2,122 | +136% |
| Tangible fixed assets | 22/27 | €1,566 | €3,688 | +€2,122 | +136% |
| Plant, machinery and equipment | 23 | - | €1,514 | +€1,514 | |
| Furniture and vehicles | 24 | €1,566 | €2,173 | +€607 | +38.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €86,010 | €93,151 | +€7,142 | +8.3% |
| Amounts receivable within one year | 40/41 | €10,738 | €14,286 | +€3,548 | +33.0% |
| Trade receivables | 40 | €10,306 | €9,609 | -€697 | -6.8% |
| Other amounts receivable | 41 | €433 | €4,677 | +€4,245 | +981% |
| Current investments | 50/53 | €18,000 | €28,000 | +€10,000 | +55.6% |
| Cash at bank and in hand | 54/58 | €55,710 | €49,363 | -€6,347 | -11.4% |
| Deferred charges and accrued income | 490/1 | €1,562 | €1,502 | -€60 | -3.8% |
| Total equity and liabilities | 10/49 | €87,575 | €96,839 | +€9,263 | +10.6% |
| Equity | 10/15 | €60,641 | €81,894 | +€21,253 | +35.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €57,641 | €78,894 | +€21,253 | +36.9% |
| Distributable reserves | 133 | €57,641 | €78,894 | +€21,253 | +36.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €26,935 | €14,945 | -€11,989 | -44.5% |
| Amounts payable within one year | 42/48 | €26,935 | €14,945 | -€11,989 | -44.5% |
| Trade debts | 44 | €1,239 | €990 | -€249 | -20.1% |
| Suppliers | 440/4 | €1,239 | €990 | -€249 | -20.1% |
| Taxes, remuneration and social security | 45 | €20,921 | €13,315 | -€7,606 | -36.4% |
| Taxes | 450/3 | €20,921 | €13,315 | -€7,606 | -36.4% |
| Other amounts payable | 47/48 | €4,774 | €640 | -€4,134 | -86.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €526 | €877 | +€351 | +66.7% |
| Other operating charges | 640/8 | €782 | €1,213 | +€431 | +55.2% |
| Gross operating margin | 9900 | €33,176 | €32,483 | -€694 | -2.1% |
| Operating profit (loss) | 9901 | €31,868 | €30,392 | -€1,476 | -4.6% |
| Financial income | 75/76B | €473 | €127 | -€345 | -73.1% |
| Recurring financial income | 75 | €473 | €127 | -€345 | -73.1% |
| Financial charges | 65/66B | €2,250 | €2,168 | -€82 | -3.7% |
| Recurring financial charges | 65 | €2,250 | €2,168 | -€82 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €30,091 | €28,352 | -€1,739 | -5.8% |
| Income taxes | 67/77 | €6,521 | €6,299 | -€222 | -3.4% |
| Profit (loss) for the period | 9904 | €23,569 | €22,053 | -€1,517 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,569 | €22,053 | -€1,517 | -6.4% |
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 1 November 2026 via checked.be.