PETER ROMBAUTS: what changed
Two fiscal 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.
PETER ROMBAUTS
Largest movements
- Tangible fixed assets +€20,944
up €20,944 (+1803.8%), from €1,161 to €22,105
of which Furniture and vehicles: +€20,334
- Stocks and contracts -€7,974
down €7,974 (-98.5%), from €8,095 to €120
of which Stocks: -€8,095
- Cash +€2,907
up €2,907 (+8.7%), from €33,508 to €36,415
mainly Net result for the year (+€20,131) and Stocks and contracts (+€7,974)
- Reserves +€12,670
up €12,670 (+36.5%), from €34,669 to €47,338
- Short-term financial debts +€4,000
new in 2025: €4,000
- Tax, wage and social debts -€1,533
no longer reported in 2025 (was €1,533)
- Gross operating margin +€6,942
up €6,942 (+24.4%), from €28,425 to €35,367
- Depreciation +€4,603
up €4,603 (+310.9%), from €1,480 to €6,083
- Taxes +€4,027
up €4,027 (+88.8%), from €4,533 to €8,560
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.
Cash bridge derived
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 | €70,179 | €85,698 | +€15,519 | +22.1% |
| Fixed assets | 21/28 | €1,161 | €22,105 | +€20,944 | +1803.8% |
| Tangible fixed assets | 22/27 | €1,161 | €22,105 | +€20,944 | +1803.8% |
| Plant, machinery and equipment | 23 | €1,161 | €1,771 | +€609 | +52.5% |
| Furniture and vehicles | 24 | - | €20,334 | +€20,334 | |
| Current assets | 29/58 | €69,018 | €63,594 | -€5,424 | -7.9% |
| Stocks and contracts in progress | 3 | €8,095 | €120 | -€7,974 | -98.5% |
| Stocks | 30/36 | €8,095 | - | -€8,095 | |
| Contracts in progress | 37 | - | €120 | +€120 | |
| Amounts receivable within one year | 40/41 | €26,773 | €26,359 | -€414 | -1.5% |
| Trade receivables | 40 | €10,776 | €11,761 | +€985 | +9.1% |
| Other amounts receivable | 41 | €15,997 | €14,598 | -€1,399 | -8.7% |
| Cash at bank and in hand | 54/58 | €33,508 | €36,415 | +€2,907 | +8.7% |
| Deferred charges and accrued income | 490/1 | €642 | €700 | +€58 | +9.0% |
| Total equity and liabilities | 10/49 | €70,179 | €85,698 | +€15,519 | +22.1% |
| Equity | 10/15 | €47,069 | €59,738 | +€12,670 | +26.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €34,669 | €47,338 | +€12,670 | +36.5% |
| Distributable reserves | 133 | €34,669 | €47,338 | +€12,670 | +36.5% |
| Provisions and deferred taxes | 16 | €18,510 | €18,510 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €18,510 | €18,510 | = | 0.0% |
| Pensions and similar obligations | 160 | €18,510 | €18,510 | = | 0.0% |
| Amounts payable | 17/49 | €4,600 | €7,450 | +€2,850 | +61.9% |
| Amounts payable within one year | 42/48 | €4,600 | €7,450 | +€2,850 | +61.9% |
| Financial debts | 43 | - | €4,000 | +€4,000 | |
| Credit institutions | 430/8 | - | €4,000 | +€4,000 | |
| Trade debts | 44 | €3,067 | €3,450 | +€383 | +12.5% |
| Suppliers | 440/4 | €3,067 | €3,450 | +€383 | +12.5% |
| Taxes, remuneration and social security | 45 | €1,533 | - | -€1,533 | |
| Taxes | 450/3 | €1,533 | - | -€1,533 | |
| Non-recurring operating income | 76A | €4,525 | €6,198 | +€1,673 | +37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,480 | €6,083 | +€4,603 | +310.9% |
| Other operating charges | 640/8 | €513 | €279 | -€234 | -45.6% |
| Gross operating margin | 9900 | €28,425 | €35,367 | +€6,942 | +24.4% |
| Operating profit (loss) | 9901 | €26,431 | €29,005 | +€2,573 | +9.7% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €280 | €314 | +€34 | +12.1% |
| Recurring financial charges | 65 | €280 | €314 | +€34 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €26,154 | €28,690 | +€2,536 | +9.7% |
| Income taxes | 67/77 | €4,533 | €8,560 | +€4,027 | +88.8% |
| Profit (loss) for the period | 9904 | €21,621 | €20,131 | -€1,490 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,621 | €20,131 | -€1,490 | -6.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.