ROELANDT: 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.
ROELANDT
Largest movements
- Cash +€206,591
up €206,591 (+56.3%), from €366,737 to €573,328
mainly Net result for the year (+€230,715) and Other debts (+€205,054)
- Tangible fixed assets -€184,110
down €184,110 (-35.8%), from €513,722 to €329,612
of which Furniture and vehicles: -€180,534
- Receivables within one year +€93,434
up €93,434 (+32.8%), from €284,600 to €378,034
of which Trade receivables: +€88,509
- Other debts +€205,054
up €205,054 (+4,146%), from €4,946 to €210,000
- Reserves -€122,612
down €122,612 (-15.8%), from €776,331 to €653,720
of which Distributable reserves: -€139,112
- Debts after one year -€41,028
down €41,028 (-24.4%), from €167,910 to €126,882
- Tax, wage and social debts +€38,700
up €38,700 (+65.4%), from €59,143 to €97,843
of which Taxes: +€41,164
- Trade debts +€33,929
up €33,929 (+126%), from €26,952 to €60,881
- Gross operating margin +€49,072
up €49,072 (+5.4%), from €901,826 to €950,898
- Depreciation +€34,287
up €34,287 (+32.2%), from €106,437 to €140,724
- Staff costs -€31,922
down €31,922 (-6.9%), from €460,327 to €428,406
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 | €1,175,379 | €1,286,716 | +€111,337 | +9.5% |
| Fixed assets | 21/28 | €515,612 | €331,367 | -€184,245 | -35.7% |
| Tangible fixed assets | 22/27 | €513,722 | €329,612 | -€184,110 | -35.8% |
| Land and buildings | 22 | €501 | €250 | -€251 | -50.0% |
| Plant, machinery and equipment | 23 | €1,467 | €1,045 | -€422 | -28.8% |
| Furniture and vehicles | 24 | €495,429 | €314,895 | -€180,534 | -36.4% |
| Other tangible fixed assets | 26 | €16,325 | €13,422 | -€2,903 | -17.8% |
| Financial fixed assets | 28 | €1,890 | €1,755 | -€135 | -7.1% |
| Current assets | 29/58 | €659,767 | €955,349 | +€295,582 | +44.8% |
| Amounts receivable within one year | 40/41 | €284,600 | €378,034 | +€93,434 | +32.8% |
| Trade receivables | 40 | €281,830 | €370,338 | +€88,509 | +31.4% |
| Other amounts receivable | 41 | €2,770 | €7,695 | +€4,925 | +178% |
| Cash at bank and in hand | 54/58 | €366,737 | €573,328 | +€206,591 | +56.3% |
| Deferred charges and accrued income | 490/1 | €8,430 | €3,987 | -€4,443 | -52.7% |
| Total equity and liabilities | 10/49 | €1,175,379 | €1,286,716 | +€111,337 | +9.5% |
| Equity | 10/15 | €867,056 | €744,444 | -€122,612 | -14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €776,331 | €653,720 | -€122,612 | -15.8% |
| Tax-exempt reserves | 132 | €145,878 | €162,378 | +€16,500 | +11.3% |
| Distributable reserves | 133 | €630,453 | €491,341 | -€139,112 | -22.1% |
| Profit (loss) carried forward | 14 | €72,125 | €72,125 | = | 0.0% |
| Amounts payable | 17/49 | €308,323 | €542,271 | +€233,948 | +75.9% |
| Amounts payable after more than one year | 17 | €167,910 | €126,882 | -€41,028 | -24.4% |
| Financial debts | 170/4 | €167,910 | €126,882 | -€41,028 | -24.4% |
| Amounts payable within one year | 42/48 | €134,132 | €413,117 | +€278,985 | +208% |
| Current portion of amounts payable after more than one year | 42 | €43,090 | €44,392 | +€1,302 | +3.0% |
| Trade debts | 44 | €26,952 | €60,881 | +€33,929 | +126% |
| Suppliers | 440/4 | €26,952 | €60,881 | +€33,929 | +126% |
| Taxes, remuneration and social security | 45 | €59,143 | €97,843 | +€38,700 | +65.4% |
| Taxes | 450/3 | €13,292 | €54,456 | +€41,164 | +310% |
| Remuneration and social security | 454/9 | €45,851 | €43,387 | -€2,464 | -5.4% |
| Other amounts payable | 47/48 | €4,946 | €210,000 | +€205,054 | +4,146% |
| Accrued charges and deferred income | 492/3 | €6,281 | €2,273 | -€4,009 | -63.8% |
| Non-recurring operating income | 76A | €5,500 | €468 | -€5,032 | -91.5% |
| Remuneration, social security and pensions | 62 | €460,327 | €428,406 | -€31,922 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,437 | €140,724 | +€34,287 | +32.2% |
| Other operating charges | 640/8 | €80,930 | €74,989 | -€5,941 | -7.3% |
| Gross operating margin | 9900 | €901,826 | €950,898 | +€49,072 | +5.4% |
| Operating profit (loss) | 9901 | €254,131 | €306,779 | +€52,648 | +20.7% |
| Financial income | 75/76B | €6,983 | €3,171 | -€3,813 | -54.6% |
| Recurring financial income | 75 | €6,983 | €3,171 | -€3,813 | -54.6% |
| Financial charges | 65/66B | €2,729 | €7,162 | +€4,433 | +162% |
| Recurring financial charges | 65 | €2,729 | €7,162 | +€4,433 | +162% |
| Profit (loss) for the period before taxes | 9903 | €258,385 | €302,787 | +€44,402 | +17.2% |
| Income taxes | 67/77 | €67,096 | €72,072 | +€4,976 | +7.4% |
| Profit (loss) for the period | 9904 | €191,289 | €230,715 | +€39,426 | +20.6% |
| Transfer to tax-exempt reserves | 689 | €0 | €16,500 | +€16,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €191,289 | €214,215 | +€22,926 | +12.0% |
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 25 October 2026 via checked.be.