R.O.E.L.: 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.
R.O.E.L.
Largest movements
- Tangible fixed assets +€21,442
up €21,442 (+162.9%), from €13,161 to €34,604
- Cash +€2,185
up €2,185 (+2.7%), from €79,509 to €81,694
mainly Net result for the year (+€31,725) and Depreciation (+€2,896)
- Reserves +€25,820
up €25,820 (+15.1%), from €170,524 to €196,344
of which Distributable reserves: +€25,820
- Other debts -€3,540
down €3,540 (-37.5%), from €9,446 to €5,905
- Gross operating margin +€7,619
up €7,619 (+17.7%), from €43,052 to €50,670
- Depreciation +€2,780
up €2,780 (+2398.6%), from €116 to €2,896
- Financial income -€1,446
down €1,446 (-87.3%), from €1,656 to €210
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €187,447 | €210,736 | +€23,289 | +12.4% |
| Fixed assets | 21/28 | €13,161 | €34,604 | +€21,442 | +162.9% |
| Tangible fixed assets | 22/27 | €13,161 | €34,604 | +€21,442 | +162.9% |
| Furniture and vehicles | 24 | €13,161 | €34,604 | +€21,442 | +162.9% |
| Current assets | 29/58 | €174,286 | €176,132 | +€1,847 | +1.1% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €66,574 | €66,418 | -€156 | -0.2% |
| Trade receivables | 40 | €8,500 | €8,000 | -€500 | -5.9% |
| Other amounts receivable | 41 | €58,074 | €58,418 | +€344 | +0.6% |
| Cash at bank and in hand | 54/58 | €79,509 | €81,694 | +€2,185 | +2.7% |
| Deferred charges and accrued income | 490/1 | €3,203 | €3,021 | -€182 | -5.7% |
| Total equity and liabilities | 10/49 | €187,447 | €210,736 | +€23,289 | +12.4% |
| Equity | 10/15 | €176,722 | €202,541 | +€25,820 | +14.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €170,524 | €196,344 | +€25,820 | +15.1% |
| 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 | €168,664 | €194,484 | +€25,820 | +15.3% |
| Amounts payable | 17/49 | €10,726 | €8,195 | -€2,531 | -23.6% |
| Amounts payable within one year | 42/48 | €10,726 | €8,195 | -€2,531 | -23.6% |
| Trade debts | 44 | - | €2,043 | +€2,043 | |
| Suppliers | 440/4 | - | €2,043 | +€2,043 | |
| Taxes, remuneration and social security | 45 | €1,280 | €247 | -€1,033 | -80.7% |
| Taxes | 450/3 | €1,280 | €247 | -€1,033 | -80.7% |
| Other amounts payable | 47/48 | €9,446 | €5,905 | -€3,540 | -37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116 | €2,896 | +€2,780 | +2398.6% |
| Other operating charges | 640/8 | €1,334 | €1,320 | -€14 | -1.1% |
| Gross operating margin | 9900 | €43,052 | €50,670 | +€7,619 | +17.7% |
| Operating profit (loss) | 9901 | €41,602 | €46,455 | +€4,853 | +11.7% |
| Financial income | 75/76B | €1,656 | €210 | -€1,446 | -87.3% |
| Recurring financial income | 75 | €1,656 | €210 | -€1,446 | -87.3% |
| Financial charges | 65/66B | €141 | €193 | +€52 | +37.2% |
| Recurring financial charges | 65 | €141 | €193 | +€52 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | €43,117 | €46,472 | +€3,355 | +7.8% |
| Income taxes | 67/77 | €14,280 | €14,747 | +€467 | +3.3% |
| Profit (loss) for the period | 9904 | €28,837 | €31,725 | +€2,888 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,837 | €31,725 | +€2,888 | +10.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.