ROADMAN: 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.
ROADMAN
Largest movements
- Cash -€61,407
down €61,407 (-91.5%), from €67,116 to €5,709
mainly Net result for the year (-€121,102) and Debts after one year (-€96,169)
- Stocks and contracts -€13,682
down €13,682 (-1.3%), from €1.0m to €1.0m
- Other debts +€139,961
up €139,961 (+12.9%), from €1.1m to €1.2m
- Profit (loss) carried forward -€121,102
down €121,102 (-249%), from -€48,561 to -€169,663
- Debts after one year -€96,169
down €96,169 (-40.3%), from €238,367 to €142,198
- Gross operating margin -€99,470
down €99,470 (-2,421%), from -€4,108 to -€103,579
- Depreciation -€5,513
down €5,513 (-61.1%), from €9,016 to €3,503
- Financial charges +€3,956
up €3,956 (+66.5%), from €5,945 to €9,900
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 | €1,281,335 | €1,200,772 | -€80,563 | -6.3% |
| Fixed assets | 21/28 | €10,859 | €7,356 | -€3,503 | -32.3% |
| Tangible fixed assets | 22/27 | €10,859 | €7,356 | -€3,503 | -32.3% |
| Land and buildings | 22 | €4,307 | €3,858 | -€449 | -10.4% |
| Plant, machinery and equipment | 23 | €4,488 | €3,497 | -€990 | -22.1% |
| Furniture and vehicles | 24 | €2,064 | €0 | -€2,064 | -100% |
| Current assets | 29/58 | €1,270,477 | €1,193,416 | -€77,060 | -6.1% |
| Stocks and contracts in progress | 3 | €1,045,423 | €1,031,741 | -€13,682 | -1.3% |
| Stocks | 30/36 | €1,045,423 | €1,031,741 | -€13,682 | -1.3% |
| Amounts receivable within one year | 40/41 | €156,689 | €154,069 | -€2,619 | -1.7% |
| Trade receivables | 40 | €156,508 | €153,775 | -€2,733 | -1.7% |
| Other amounts receivable | 41 | €181 | €294 | +€114 | +63.0% |
| Cash at bank and in hand | 54/58 | €67,116 | €5,709 | -€61,407 | -91.5% |
| Deferred charges and accrued income | 490/1 | €1,249 | €1,897 | +€648 | +51.9% |
| Total equity and liabilities | 10/49 | €1,281,335 | €1,200,772 | -€80,563 | -6.3% |
| Equity | 10/15 | -€46,061 | -€167,163 | -€121,102 | -263% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,561 | -€169,663 | -€121,102 | -249% |
| Amounts payable | 17/49 | €1,327,396 | €1,367,935 | +€40,539 | +3.1% |
| Amounts payable after more than one year | 17 | €238,367 | €142,198 | -€96,169 | -40.3% |
| Financial debts | 170/4 | €238,367 | €142,198 | -€96,169 | -40.3% |
| Amounts payable within one year | 42/48 | €1,089,030 | €1,225,737 | +€136,708 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €4,611 | €0 | -€4,611 | -100% |
| Trade debts | 44 | €476 | €1,773 | +€1,296 | +272% |
| Suppliers | 440/4 | €476 | €1,773 | +€1,296 | +272% |
| Taxes, remuneration and social security | 45 | €918 | €979 | +€61 | +6.7% |
| Taxes | 450/3 | €918 | €979 | +€61 | +6.7% |
| Other amounts payable | 47/48 | €1,083,024 | €1,222,986 | +€139,961 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,016 | €3,503 | -€5,513 | -61.1% |
| Other operating charges | 640/8 | €2,692 | €3,622 | +€931 | +34.6% |
| Gross operating margin | 9900 | -€4,108 | -€103,579 | -€99,470 | -2,421% |
| Operating profit (loss) | 9901 | -€15,816 | -€110,704 | -€94,888 | -600% |
| Financial income | 75/76B | €1 | €19 | +€18 | +3,273% |
| Recurring financial income | 75 | €1 | €19 | +€18 | +3,273% |
| Financial charges | 65/66B | €5,945 | €9,900 | +€3,956 | +66.5% |
| Recurring financial charges | 65 | €5,945 | €9,900 | +€3,956 | +66.5% |
| Profit (loss) for the period before taxes | 9903 | -€21,760 | -€120,586 | -€98,826 | -454% |
| Income taxes | 67/77 | €462 | €517 | +€54 | +11.7% |
| Profit (loss) for the period | 9904 | -€22,222 | -€121,102 | -€98,880 | -445% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,222 | -€121,102 | -€98,880 | -445% |
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 13 October 2026 via checked.be.