ROEL-CO: 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.
What changed
ROEL-CO
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€6,271
2024 · €244,286-€250,557
Equity
€3.0m
2024 · €3.0m-€6,271
Cash
€26,328
2024 · €19,107+€7,221
Balance sheet total
€4.6m
2024 · €4.6m+€13,108
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts +€286,160
up €286,160 (+286%), from €100,104 to €386,264
- Debts after one year -€107,340
down €107,340 (-9.2%), from €1.2m to €1.1m
- Current portion of long-term debt -€92,415
down €92,415 (-46.3%), from €199,755 to €107,340
- Accrued charges and deferred income -€70,688
down €70,688 (-85.6%), from €82,566 to €11,878
Income statement
- Turnover +€308,955
new in 2025: €308,955
- Other operating income -€300,000
no longer reported in 2025 (was €300,000)
- Financial income -€250,000
no longer reported in 2025 (was €250,000)
- Services and other goods +€12,184
up €12,184 (+4.6%), from €265,898 to €278,082
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.
Result 2024
€244,286
Turnover
+€308,955
Other operating income
-€300,000
Services and other goods
-€12,184
Depreciation
-€261
Other operating charges
-€23
Financial income
-€250,000
Financial charges
+€2,933
Taxes
+€21
Result 2025
-€6,271
raises the resultlowers the result
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.
From operations
+€206,976
Investment
€0
Financing
-€199,755
Cash 2024
€19,107
From operations (derived)
+€206,976
Net result for the year
-€6,271
Depreciation
+€3,068
Receivables within one year
-€8,955
Trade debts
+€3,548
Tax, wage and social debts
+€115
Other debts
+€286,160
Accrued charges and deferred income
-€70,688
Financing
-€199,755
Debts after one year
-€107,340
Current portion of long-term debt
-€92,415
Cash 2025
€26,328
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,594,595 | €4,607,703 | +€13,108 | +0.3% |
| Fixed assets | 21/28 | €4,312,533 | €4,309,465 | -€3,068 | -0.1% |
| Tangible fixed assets | 22/27 | €12,533 | €9,465 | -€3,068 | -24.5% |
| Furniture and vehicles | 24 | €12,533 | €9,465 | -€3,068 | -24.5% |
| Financial fixed assets | 28 | €4,300,000 | €4,300,000 | = | 0.0% |
| Affiliated companies | 280/1 | €4,300,000 | €4,300,000 | = | 0.0% |
| Participating interests | 280 | €4,300,000 | €4,300,000 | = | 0.0% |
| Current assets | 29/58 | €282,062 | €298,238 | +€16,176 | +5.7% |
| Amounts receivable within one year | 40/41 | €262,956 | €271,911 | +€8,955 | +3.4% |
| Trade receivables | 40 | €30,250 | €39,205 | +€8,955 | +29.6% |
| Other amounts receivable | 41 | €232,706 | €232,706 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,107 | €26,328 | +€7,221 | +37.8% |
| Total equity and liabilities | 10/49 | €4,594,595 | €4,607,703 | +€13,108 | +0.3% |
| Equity | 10/15 | €3,024,224 | €3,017,953 | -€6,271 | -0.2% |
| Contributions | 10/11 | €2,800,000 | €2,800,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €224,224 | €217,953 | -€6,271 | -2.8% |
| Amounts payable | 17/49 | €1,570,371 | €1,589,750 | +€19,379 | +1.2% |
| Amounts payable after more than one year | 17 | €1,166,999 | €1,059,659 | -€107,340 | -9.2% |
| Financial debts | 170/4 | €1,166,999 | €1,059,659 | -€107,340 | -9.2% |
| Credit institutions | 173 | €52,714 | €38,231 | -€14,483 | -27.5% |
| Other loans | 174 | €1,114,286 | €1,021,429 | -€92,857 | -8.3% |
| Amounts payable within one year | 42/48 | €320,806 | €518,213 | +€197,407 | +61.5% |
| Current portion of amounts payable after more than one year | 42 | €199,755 | €107,340 | -€92,415 | -46.3% |
| Trade debts | 44 | €5,240 | €8,788 | +€3,548 | +67.7% |
| Suppliers | 440/4 | €5,240 | €8,788 | +€3,548 | +67.7% |
| Taxes, remuneration and social security | 45 | €15,706 | €15,822 | +€115 | +0.7% |
| Taxes | 450/3 | €15,706 | €15,822 | +€115 | +0.7% |
| Other amounts payable | 47/48 | €100,104 | €386,264 | +€286,160 | +286% |
| Accrued charges and deferred income | 492/3 | €82,566 | €11,878 | -€70,688 | -85.6% |
| Operating income | 70/76A | €300,000 | €308,955 | +€8,955 | +3.0% |
| Turnover | 70 | - | €308,955 | +€308,955 | |
| Other operating income | 74 | €300,000 | - | -€300,000 | |
| Operating charges | 60/66A | €269,792 | €282,259 | +€12,467 | +4.6% |
| Services and other goods | 61 | €265,898 | €278,082 | +€12,184 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,808 | €3,068 | +€261 | +9.3% |
| Other operating charges | 640/8 | €1,087 | €1,109 | +€23 | +2.1% |
| Operating profit (loss) | 9901 | €30,208 | €26,696 | -€3,512 | -11.6% |
| Financial income | 75/76B | €250,000 | - | -€250,000 | |
| Recurring financial income | 75 | €250,000 | - | -€250,000 | |
| Income from financial fixed assets | 750 | €250,000 | - | -€250,000 | |
| Financial charges | 65/66B | €35,360 | €32,427 | -€2,933 | -8.3% |
| Recurring financial charges | 65 | €35,360 | €32,427 | -€2,933 | -8.3% |
| Debt charges | 650 | €35,140 | €32,202 | -€2,938 | -8.4% |
| Other financial charges | 652/9 | €220 | €225 | +€4 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €244,847 | -€5,731 | -€250,578 | |
| Income taxes | 67/77 | €561 | €540 | -€21 | -3.8% |
| Taxes | 670/3 | €561 | €540 | -€21 | -3.8% |
| Profit (loss) for the period | 9904 | €244,286 | -€6,271 | -€250,557 | |
| Profit (loss) for the period to be appropriated | 9905 | €244,286 | -€6,271 | -€250,557 |
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 29 October 2026 via checked.be.