Roel Depover: 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 Depover
Largest movements
- Receivables within one year +€153,182
up €153,182 (+278%), from €55,086 to €208,268
of which Other amounts receivable: +€137,632
- Tangible fixed assets -€8,647
down €8,647 (-34.9%), from €24,796 to €16,149
of which Furniture and vehicles: -€8,033
- Current investments -€5,156
down €5,156 (-3.0%), from €171,008 to €165,852
- Profit (loss) carried forward +€101,309
up €101,309 (+48.6%), from €208,525 to €309,833
- Short-term financial debts +€35,093
new in 2025: €35,093
- Other debts +€20,945
up €20,945 (+301%), from €6,953 to €27,898
- Debts after one year -€7,669
no longer reported in 2025 (was €7,669)
- Tax, wage and social debts -€6,470
down €6,470 (-38.6%), from €16,760 to €10,290
of which Taxes: -€7,015
- Financial income +€12,672
up €12,672 (+9,084%), from €140 to €12,812
- Financial charges +€11,601
up €11,601 (+347%), from €3,346 to €14,946
of which Non-recurring financial charges: +€10,311
- Staff costs -€2,392
down €2,392 (-10.5%), from €22,809 to €20,417
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 | €273,820 | €421,803 | +€147,983 | +54.0% |
| Fixed assets | 21/28 | €24,796 | €16,149 | -€8,647 | -34.9% |
| Tangible fixed assets | 22/27 | €24,796 | €16,149 | -€8,647 | -34.9% |
| Plant, machinery and equipment | 23 | €1,696 | €1,082 | -€614 | -36.2% |
| Furniture and vehicles | 24 | €23,100 | €15,067 | -€8,033 | -34.8% |
| Current assets | 29/58 | €249,024 | €405,653 | +€156,629 | +62.9% |
| Stocks and contracts in progress | 3 | €12,100 | €14,000 | +€1,900 | +15.7% |
| Stocks | 30/36 | €12,100 | €14,000 | +€1,900 | +15.7% |
| Amounts receivable within one year | 40/41 | €55,086 | €208,268 | +€153,182 | +278% |
| Trade receivables | 40 | €48,266 | €63,815 | +€15,550 | +32.2% |
| Other amounts receivable | 41 | €6,821 | €144,453 | +€137,632 | +2,018% |
| Current investments | 50/53 | €171,008 | €165,852 | -€5,156 | -3.0% |
| Cash at bank and in hand | 54/58 | €3,987 | €7,771 | +€3,784 | +94.9% |
| Deferred charges and accrued income | 490/1 | €6,843 | €9,762 | +€2,919 | +42.7% |
| Total equity and liabilities | 10/49 | €273,820 | €421,803 | +€147,983 | +54.0% |
| Equity | 10/15 | €218,525 | €319,833 | +€101,309 | +46.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €208,525 | €309,833 | +€101,309 | +48.6% |
| Amounts payable | 17/49 | €55,295 | €101,969 | +€46,674 | +84.4% |
| Amounts payable after more than one year | 17 | €7,669 | - | -€7,669 | |
| Financial debts | 170/4 | €7,669 | - | -€7,669 | |
| Amounts payable within one year | 42/48 | €47,514 | €101,969 | +€54,455 | +115% |
| Current portion of amounts payable after more than one year | 42 | €8,001 | €7,669 | -€332 | -4.1% |
| Financial debts | 43 | - | €35,093 | +€35,093 | |
| Credit institutions | 430/8 | - | €35,093 | +€35,093 | |
| Trade debts | 44 | €15,800 | €21,019 | +€5,219 | +33.0% |
| Suppliers | 440/4 | €15,800 | €21,019 | +€5,219 | +33.0% |
| Taxes, remuneration and social security | 45 | €16,760 | €10,290 | -€6,470 | -38.6% |
| Taxes | 450/3 | €14,118 | €7,103 | -€7,015 | -49.7% |
| Remuneration and social security | 454/9 | €2,642 | €3,187 | +€545 | +20.6% |
| Other amounts payable | 47/48 | €6,953 | €27,898 | +€20,945 | +301% |
| Accrued charges and deferred income | 492/3 | €112 | - | -€112 | |
| Remuneration, social security and pensions | 62 | €22,809 | €20,417 | -€2,392 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,484 | €11,847 | +€363 | +3.2% |
| Other operating charges | 640/8 | €1,269 | €1,927 | +€658 | +51.9% |
| Gross operating margin | 9900 | €169,782 | €169,578 | -€204 | -0.1% |
| Operating profit (loss) | 9901 | €134,220 | €135,387 | +€1,167 | +0.9% |
| Financial income | 75/76B | €140 | €12,812 | +€12,672 | +9,084% |
| Recurring financial income | 75 | €140 | €12,812 | +€12,672 | +9,084% |
| Financial charges | 65/66B | €3,346 | €14,946 | +€11,601 | +347% |
| Recurring financial charges | 65 | €3,346 | €4,635 | +€1,290 | +38.5% |
| Non-recurring financial charges | 66B | - | €10,311 | +€10,311 | |
| Profit (loss) for the period before taxes | 9903 | €131,014 | €133,253 | +€2,239 | +1.7% |
| Income taxes | 67/77 | €33,553 | €31,944 | -€1,609 | -4.8% |
| Profit (loss) for the period | 9904 | €97,461 | €101,309 | +€3,847 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €97,461 | €101,309 | +€3,847 | +3.9% |
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 24 October 2026 via checked.be.