ON-ROEREND: what changed
ON-ROEREND
Largest movements
- Stocks and contracts +€121,448
up €121,448 (+5,408%), from €2,246 to €123,694
- Cash -€64,423
down €64,423 (-60.9%), from €105,732 to €41,309
mainly Stocks and contracts (-€121,448) and Contributions, distributions and other (-€75,584)
- Receivables within one year -€28,020
down €28,020 (-67.4%), from €41,591 to €13,571
of which Other amounts receivable: -€28,020
- Receivables after one year -€16,780
down €16,780 (-19.4%), from €86,357 to €69,577
- Tangible fixed assets -€4,957
down €4,957 (-100%), from €4,957 to €0
- Other debts +€61,969
up €61,969 (+11,744%), from €528 to €62,496
- Debts after one year -€26,204
down €26,204 (-26.7%), from €98,204 to €72,000
- Reserves -€20,350
down €20,350 (-36.8%), from €55,254 to €34,904
of which Distributable reserves: -€20,350
- Trade debts -€7,709
down €7,709 (-15.4%), from €50,116 to €42,406
- Gross operating margin +€68,243
up €68,243, from -€3,226 to €65,017
- Staff costs -€4,522
down €4,522 (-100%), from €4,522 to €0
- Financial charges +€1,667
up €1,667 (+669%), from €249 to €1,916
- Other operating charges +€1,007
up €1,007 (+72.8%), from €1,382 to €2,389
- Depreciation -€974
down €974 (-16.4%), from €5,931 to €4,957
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 | €242,595 | €249,826 | +€7,230 | +3.0% |
| Fixed assets | 21/28 | €4,957 | €0 | -€4,957 | -100% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €4,957 | €0 | -€4,957 | -100% |
| Furniture and vehicles | 24 | €4,957 | €0 | -€4,957 | -100% |
| Current assets | 29/58 | €237,638 | €249,826 | +€12,188 | +5.1% |
| Amounts receivable after more than one year | 29 | €86,357 | €69,577 | -€16,780 | -19.4% |
| Other amounts receivable | 291 | €86,357 | €69,577 | -€16,780 | -19.4% |
| Stocks and contracts in progress | 3 | €2,246 | €123,694 | +€121,448 | +5,408% |
| Stocks | 30/36 | €2,246 | €123,694 | +€121,448 | +5,408% |
| Amounts receivable within one year | 40/41 | €41,591 | €13,571 | -€28,020 | -67.4% |
| Trade receivables | 40 | €11,495 | €11,495 | = | 0.0% |
| Other amounts receivable | 41 | €30,096 | €2,076 | -€28,020 | -93.1% |
| Cash at bank and in hand | 54/58 | €105,732 | €41,309 | -€64,423 | -60.9% |
| Deferred charges and accrued income | 490/1 | €1,712 | €1,674 | -€38 | -2.2% |
| Total equity and liabilities | 10/49 | €242,595 | €249,826 | +€7,230 | +3.0% |
| Equity | 10/15 | €73,854 | €53,504 | -€20,350 | -27.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,254 | €34,904 | -€20,350 | -36.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €53,394 | €33,044 | -€20,350 | -38.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €168,741 | €196,322 | +€27,581 | +16.3% |
| Amounts payable after more than one year | 17 | €98,204 | €72,000 | -€26,204 | -26.7% |
| Financial debts | 170/4 | €98,204 | €72,000 | -€26,204 | -26.7% |
| Amounts payable within one year | 42/48 | €70,538 | €124,322 | +€53,784 | +76.2% |
| Trade debts | 44 | €50,116 | €42,406 | -€7,709 | -15.4% |
| Suppliers | 440/4 | €50,116 | €42,406 | -€7,709 | -15.4% |
| Taxes, remuneration and social security | 45 | €19,895 | €19,420 | -€475 | -2.4% |
| Taxes | 450/3 | €17,678 | €19,420 | +€1,742 | +9.9% |
| Remuneration and social security | 454/9 | €2,216 | €0 | -€2,216 | -100% |
| Other amounts payable | 47/48 | €528 | €62,496 | +€61,969 | +11,744% |
| Remuneration, social security and pensions | 62 | €4,522 | €0 | -€4,522 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,931 | €4,957 | -€974 | -16.4% |
| Other operating charges | 640/8 | €1,382 | €2,389 | +€1,007 | +72.8% |
| Gross operating margin | 9900 | -€3,226 | €65,017 | +€68,243 | |
| Operating profit (loss) | 9901 | -€15,062 | €57,670 | +€72,732 | |
| Financial income | 75/76B | €76 | €4 | -€72 | -94.3% |
| Recurring financial income | 75 | €76 | €4 | -€72 | -94.3% |
| Financial charges | 65/66B | €249 | €1,916 | +€1,667 | +669% |
| Recurring financial charges | 65 | €249 | €1,916 | +€1,667 | +669% |
| Profit (loss) for the period before taxes | 9903 | -€15,234 | €55,758 | +€70,993 | |
| Income taxes | 67/77 | - | €525 | +€525 | |
| Profit (loss) for the period | 9904 | -€15,234 | €55,234 | +€70,468 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,234 | €55,234 | +€70,468 |
Next steps
Calculation and sources
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 4 November 2026 via checked.be.