Roel Boons: 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.
Roel Boons
Largest movements
- Current investments +€170,000
up €170,000 (+73.9%), from €230,000 to €400,000
- Cash -€54,733
down €54,733 (-38.8%), from €141,089 to €86,356
mainly Current investments (-€170,000) and Receivables within one year (-€4,269)
- Tangible fixed assets -€16,803
down €16,803 (-35.1%), from €47,911 to €31,108
of which Furniture and vehicles: -€16,760
- Reserves +€86,610
up €86,610 (+23.9%), from €361,680 to €448,290
- Tax, wage and social debts +€12,277
up €12,277 (+25.7%), from €47,773 to €60,050
of which Remuneration and social security: +€14,676
- Gross operating margin +€10,805
up €10,805 (+9.7%), from €111,518 to €122,323
- Financial income +€4,316
up €4,316 (+549%), from €786 to €5,102
- Taxes +€3,665
up €3,665 (+19.4%), from €18,894 to €22,559
- Depreciation -€2,491
down €2,491 (-12.9%), from €19,294 to €16,803
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 | €424,419 | €527,083 | +€102,664 | +24.2% |
| Fixed assets | 21/28 | €47,911 | €31,108 | -€16,803 | -35.1% |
| Tangible fixed assets | 22/27 | €47,911 | €31,108 | -€16,803 | -35.1% |
| Furniture and vehicles | 24 | €47,868 | €31,108 | -€16,760 | -35.0% |
| Other tangible fixed assets | 26 | €43 | €0 | -€43 | -100% |
| Current assets | 29/58 | €376,508 | €495,975 | +€119,467 | +31.7% |
| Amounts receivable within one year | 40/41 | €3,350 | €7,619 | +€4,269 | +127% |
| Trade receivables | 40 | - | €1,313 | +€1,313 | |
| Other amounts receivable | 41 | €3,350 | €6,306 | +€2,956 | +88.2% |
| Current investments | 50/53 | €230,000 | €400,000 | +€170,000 | +73.9% |
| Cash at bank and in hand | 54/58 | €141,089 | €86,356 | -€54,733 | -38.8% |
| Deferred charges and accrued income | 490/1 | €2,069 | €2,000 | -€69 | -3.3% |
| Total equity and liabilities | 10/49 | €424,419 | €527,083 | +€102,664 | +24.2% |
| Equity | 10/15 | €366,680 | €453,290 | +€86,610 | +23.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €361,680 | €448,290 | +€86,610 | +23.9% |
| Distributable reserves | 133 | €361,680 | €448,290 | +€86,610 | +23.9% |
| Amounts payable | 17/49 | €57,739 | €73,793 | +€16,054 | +27.8% |
| Amounts payable within one year | 42/48 | €57,739 | €73,793 | +€16,054 | +27.8% |
| Trade debts | 44 | €3,396 | €4,957 | +€1,561 | +46.0% |
| Suppliers | 440/4 | €3,396 | €4,957 | +€1,561 | +46.0% |
| Taxes, remuneration and social security | 45 | €47,773 | €60,050 | +€12,277 | +25.7% |
| Taxes | 450/3 | €20,904 | €18,505 | -€2,399 | -11.5% |
| Remuneration and social security | 454/9 | €26,869 | €41,545 | +€14,676 | +54.6% |
| Other amounts payable | 47/48 | €6,570 | €8,786 | +€2,216 | +33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,294 | €16,803 | -€2,491 | -12.9% |
| Other operating charges | 640/8 | €598 | €1,415 | +€817 | +137% |
| Gross operating margin | 9900 | €111,518 | €122,323 | +€10,805 | +9.7% |
| Operating profit (loss) | 9901 | €91,626 | €104,105 | +€12,479 | +13.6% |
| Financial income | 75/76B | €786 | €5,102 | +€4,316 | +549% |
| Recurring financial income | 75 | €786 | €5,102 | +€4,316 | +549% |
| Financial charges | 65/66B | €43 | €37 | -€6 | -14.0% |
| Recurring financial charges | 65 | €43 | €37 | -€6 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €92,369 | €109,170 | +€16,801 | +18.2% |
| Income taxes | 67/77 | €18,894 | €22,559 | +€3,665 | +19.4% |
| Profit (loss) for the period | 9904 | €73,475 | €86,611 | +€13,136 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €73,475 | €86,611 | +€13,136 | +17.9% |
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 21 October 2026 via checked.be.