ROEBUC: 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.
ROEBUC
Largest movements
- Tangible fixed assets +€66,225
up €66,225 (+54.4%), from €121,702 to €187,927
- Cash -€60,914
down €60,914 (-96.7%), from €63,015 to €2,101
mainly Investment in fixed assets (net) (-€95,942) and Contributions, distributions and other (-€56,266)
- Current investments -€35,234
down €35,234 (-97.9%), from €36,000 to €766
- Receivables within one year +€9,653
up €9,653 (+21.1%), from €45,809 to €55,462
of which Other amounts receivable: +€22,427
- Debts after one year +€66,001
up €66,001 (+103%), from €63,997 to €129,998
- Other debts -€44,412
down €44,412 (-61.3%), from €72,488 to €28,077
- Tax, wage and social debts -€27,001
down €27,001 (-51.8%), from €52,124 to €25,122
of which Taxes: -€31,862
- Short-term financial debts -€23,382
down €23,382 (-93.5%), from €25,001 to €1,619
- Current portion of long-term debt +€4,749
up €4,749 (+13.0%), from €36,440 to €41,189
- Gross operating margin -€67,546
down €67,546 (-27.5%), from €245,317 to €177,771
- Staff costs +€49,795
up €49,795 (+282%), from €17,659 to €67,454
- Taxes -€44,551
down €44,551 (-70.0%), from €63,600 to €19,049
- Depreciation -€12,977
down €12,977 (-30.4%), from €42,694 to €29,717
- Financial income -€2,707
down €2,707 (-36.2%), from €7,473 to €4,766
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 | €272,667 | €253,049 | -€19,618 | -7.2% |
| Fixed assets | 21/28 | €121,702 | €187,927 | +€66,225 | +54.4% |
| Tangible fixed assets | 22/27 | €121,702 | €187,927 | +€66,225 | +54.4% |
| Furniture and vehicles | 24 | €121,702 | €187,927 | +€66,225 | +54.4% |
| Current assets | 29/58 | €150,965 | €65,122 | -€85,844 | -56.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €45,809 | €55,462 | +€9,653 | +21.1% |
| Trade receivables | 40 | €45,105 | €32,331 | -€12,774 | -28.3% |
| Other amounts receivable | 41 | €705 | €23,132 | +€22,427 | +3,183% |
| Current investments | 50/53 | €36,000 | €766 | -€35,234 | -97.9% |
| Cash at bank and in hand | 54/58 | €63,015 | €2,101 | -€60,914 | -96.7% |
| Deferred charges and accrued income | 490/1 | €6,141 | €6,792 | +€651 | +10.6% |
| Total equity and liabilities | 10/49 | €272,667 | €253,049 | -€19,618 | -7.2% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €254,067 | €234,449 | -€19,618 | -7.7% |
| Amounts payable after more than one year | 17 | €63,997 | €129,998 | +€66,001 | +103% |
| Financial debts | 170/4 | €63,997 | €129,998 | +€66,001 | +103% |
| Amounts payable within one year | 42/48 | €190,070 | €104,451 | -€85,619 | -45.0% |
| Current portion of amounts payable after more than one year | 42 | €36,440 | €41,189 | +€4,749 | +13.0% |
| Financial debts | 43 | €25,001 | €1,619 | -€23,382 | -93.5% |
| Credit institutions | 430/8 | €25,001 | €1,619 | -€23,382 | -93.5% |
| Trade debts | 44 | €4,018 | €8,444 | +€4,426 | +110% |
| Suppliers | 440/4 | €4,018 | €8,444 | +€4,426 | +110% |
| Taxes, remuneration and social security | 45 | €52,124 | €25,122 | -€27,001 | -51.8% |
| Taxes | 450/3 | €49,409 | €17,547 | -€31,862 | -64.5% |
| Remuneration and social security | 454/9 | €2,714 | €7,575 | +€4,861 | +179% |
| Other amounts payable | 47/48 | €72,488 | €28,077 | -€44,412 | -61.3% |
| Non-recurring operating income | 76A | - | €25,701 | +€25,701 | |
| Remuneration, social security and pensions | 62 | €17,659 | €67,454 | +€49,795 | +282% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,694 | €29,717 | -€12,977 | -30.4% |
| Other operating charges | 640/8 | €3,477 | €3,854 | +€377 | +10.8% |
| Gross operating margin | 9900 | €245,317 | €177,771 | -€67,546 | -27.5% |
| Operating profit (loss) | 9901 | €181,488 | €76,746 | -€104,742 | -57.7% |
| Financial income | 75/76B | €7,473 | €4,766 | -€2,707 | -36.2% |
| Recurring financial income | 75 | €7,473 | €4,766 | -€2,707 | -36.2% |
| Financial charges | 65/66B | €6,101 | €6,197 | +€96 | +1.6% |
| Recurring financial charges | 65 | €6,101 | €6,197 | +€96 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €182,859 | €75,315 | -€107,544 | -58.8% |
| Income taxes | 67/77 | €63,600 | €19,049 | -€44,551 | -70.0% |
| Profit (loss) for the period | 9904 | €119,260 | €56,266 | -€62,994 | -52.8% |
| Transfer from tax-exempt reserves | 789 | €63,150 | €0 | -€63,150 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €182,410 | €56,266 | -€126,144 | -69.2% |
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 30 October 2026 via checked.be.