ROELAND-DE MUNCK: 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.
ROELAND-DE MUNCK
Largest movements
- Financial fixed assets +€156,000
new in 2025: €156,000
- Cash -€116,576
down €116,576 (-39.9%), from €292,379 to €175,803
mainly Investment in fixed assets (net) (-€295,984) and Trade debts (-€25,987)
- Tangible fixed assets +€108,905
up €108,905 (+25.2%), from €432,756 to €541,661
of which Land and buildings: +€111,201
- Reserves +€103,933
up €103,933 (+152%), from €68,388 to €172,322
of which Distributable reserves: +€103,933
- Debts after one year +€76,243
up €76,243 (+16.2%), from €471,067 to €547,310
- Trade debts -€25,987
down €25,987 (-21.6%), from €120,236 to €94,249
of which Suppliers: -€61,701
- Gross operating margin +€15,907
up €15,907 (+7.7%), from €205,729 to €221,637
- Staff costs -€10,913
down €10,913 (-24.9%), from €43,788 to €32,876
- Taxes +€7,045
up €7,045 (+21.7%), from €32,456 to €39,501
- Financial income +€5,953
up €5,953 (+141,074%), from €4 to €5,958
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 | €748,818 | €900,793 | +€151,975 | +20.3% |
| Fixed assets | 21/28 | €441,156 | €705,161 | +€264,005 | +59.8% |
| Intangible fixed assets | 21 | €8,400 | €7,500 | -€900 | -10.7% |
| Tangible fixed assets | 22/27 | €432,756 | €541,661 | +€108,905 | +25.2% |
| Land and buildings | 22 | €430,460 | €541,661 | +€111,201 | +25.8% |
| Furniture and vehicles | 24 | €2,297 | - | -€2,297 | |
| Financial fixed assets | 28 | - | €156,000 | +€156,000 | |
| Current assets | 29/58 | €307,662 | €195,632 | -€112,029 | -36.4% |
| Amounts receivable within one year | 40/41 | €15,283 | €19,829 | +€4,546 | +29.7% |
| Other amounts receivable | 41 | €15,283 | €19,829 | +€4,546 | +29.7% |
| Cash at bank and in hand | 54/58 | €292,379 | €175,803 | -€116,576 | -39.9% |
| Total equity and liabilities | 10/49 | €748,818 | €900,793 | +€151,975 | +20.3% |
| Equity | 10/15 | €86,988 | €190,922 | +€103,933 | +119% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €68,388 | €172,322 | +€103,933 | +152% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €66,528 | €170,462 | +€103,933 | +156% |
| Amounts payable | 17/49 | €661,830 | €709,871 | +€48,042 | +7.3% |
| Amounts payable after more than one year | 17 | €471,067 | €547,310 | +€76,243 | +16.2% |
| Financial debts | 170/4 | €471,067 | €547,310 | +€76,243 | +16.2% |
| Amounts payable within one year | 42/48 | €190,762 | €162,561 | -€28,201 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €56,898 | €53,076 | -€3,823 | -6.7% |
| Trade debts | 44 | €120,236 | €94,249 | -€25,987 | -21.6% |
| Suppliers | 440/4 | €120,236 | €58,536 | -€61,701 | -51.3% |
| Bills of exchange payable | 441 | - | €35,714 | +€35,714 | |
| Taxes, remuneration and social security | 45 | €13,628 | €15,236 | +€1,608 | +11.8% |
| Taxes | 450/3 | €7,397 | €10,772 | +€3,375 | +45.6% |
| Remuneration and social security | 454/9 | €6,231 | €4,464 | -€1,766 | -28.3% |
| Remuneration, social security and pensions | 62 | €43,788 | €32,876 | -€10,913 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,987 | €31,980 | +€993 | +3.2% |
| Other operating charges | 640/8 | €3,740 | €3,478 | -€262 | -7.0% |
| Gross operating margin | 9900 | €205,729 | €221,637 | +€15,907 | +7.7% |
| Operating profit (loss) | 9901 | €127,214 | €153,304 | +€26,089 | +20.5% |
| Financial income | 75/76B | €4 | €5,958 | +€5,953 | +141,074% |
| Recurring financial income | 75 | €4 | €5,958 | +€5,953 | +141,074% |
| Financial charges | 65/66B | €14,439 | €15,827 | +€1,388 | +9.6% |
| Recurring financial charges | 65 | €14,439 | €15,827 | +€1,388 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €112,780 | €143,435 | +€30,655 | +27.2% |
| Income taxes | 67/77 | €32,456 | €39,501 | +€7,045 | +21.7% |
| Profit (loss) for the period | 9904 | €80,323 | €103,933 | +€23,610 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €80,323 | €103,933 | +€23,610 | +29.4% |
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 31 October 2026 via checked.be.