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
- Receivables after one year +€32,500
up €32,500 (+650%), from €5,000 to €37,500
- Receivables within one year +€25,923
up €25,923 (+343%), from €7,555 to €33,478
of which Trade receivables: +€26,570
- Deferred charges and accrued income -€23,162
down €23,162 (-85.2%), from €27,200 to €4,037
- Current investments +€18,151
up €18,151 (+43.8%), from €41,416 to €59,567
- Stocks and contracts +€14,625
new in 2025: €14,625
- Reserves +€67,893
up €67,893 (+63.5%), from €107,000 to €174,893
- Trade debts +€6,657
up €6,657 (+105%), from €6,343 to €13,000
- Tax, wage and social debts -€5,083
down €5,083 (-27.1%), from €18,768 to €13,686
- Current portion of long-term debt +€3,537
new in 2025: €3,537
- Gross operating margin +€62,882
up €62,882 (+122%), from €51,539 to €114,420
- Taxes +€17,549
up €17,549 (+203%), from €8,632 to €26,180
- Depreciation +€9,643
up €9,643 (+248%), from €3,889 to €13,532
- Other operating charges -€6,030
down €6,030 (-55.5%), from €10,857 to €4,827
- Financial charges +€4,673
up €4,673 (+254%), from €1,837 to €6,510
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 | €192,072 | €269,029 | +€76,957 | +40.1% |
| Fixed assets | 21/28 | €74,563 | €80,572 | +€6,009 | +8.1% |
| Intangible fixed assets | 21 | - | €5,819 | +€5,819 | |
| Tangible fixed assets | 22/27 | €74,563 | €74,753 | +€190 | +0.3% |
| Plant, machinery and equipment | 23 | €7,467 | €6,653 | -€814 | -10.9% |
| Furniture and vehicles | 24 | €1,769 | €3,860 | +€2,090 | +118% |
| Other tangible fixed assets | 26 | €65,327 | €64,240 | -€1,087 | -1.7% |
| Current assets | 29/58 | €117,509 | €188,457 | +€70,947 | +60.4% |
| Amounts receivable after more than one year | 29 | €5,000 | €37,500 | +€32,500 | +650% |
| Other amounts receivable | 291 | €5,000 | €37,500 | +€32,500 | +650% |
| Stocks and contracts in progress | 3 | - | €14,625 | +€14,625 | |
| Stocks | 30/36 | - | €14,625 | +€14,625 | |
| Amounts receivable within one year | 40/41 | €7,555 | €33,478 | +€25,923 | +343% |
| Trade receivables | 40 | €6,163 | €32,733 | +€26,570 | +431% |
| Other amounts receivable | 41 | €1,392 | €745 | -€647 | -46.5% |
| Current investments | 50/53 | €41,416 | €59,567 | +€18,151 | +43.8% |
| Cash at bank and in hand | 54/58 | €36,339 | €39,249 | +€2,910 | +8.0% |
| Deferred charges and accrued income | 490/1 | €27,200 | €4,037 | -€23,162 | -85.2% |
| Total equity and liabilities | 10/49 | €192,072 | €269,029 | +€76,957 | +40.1% |
| Equity | 10/15 | €108,209 | €175,893 | +€67,684 | +62.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €107,000 | €174,893 | +€67,893 | +63.5% |
| Distributable reserves | 133 | €107,000 | €174,893 | +€67,893 | +63.5% |
| Profit (loss) carried forward | 14 | €209 | - | -€209 | |
| Amounts payable | 17/49 | €83,864 | €93,136 | +€9,272 | +11.1% |
| Amounts payable after more than one year | 17 | €58,151 | €60,449 | +€2,298 | +4.0% |
| Financial debts | 170/4 | €58,151 | €60,449 | +€2,298 | +4.0% |
| Amounts payable within one year | 42/48 | €25,713 | €32,687 | +€6,974 | +27.1% |
| Current portion of amounts payable after more than one year | 42 | - | €3,537 | +€3,537 | |
| Trade debts | 44 | €6,343 | €13,000 | +€6,657 | +105% |
| Suppliers | 440/4 | €6,343 | €13,000 | +€6,657 | +105% |
| Taxes, remuneration and social security | 45 | €18,768 | €13,686 | -€5,083 | -27.1% |
| Taxes | 450/3 | €18,768 | €13,686 | -€5,083 | -27.1% |
| Other amounts payable | 47/48 | €602 | €2,465 | +€1,863 | +310% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,889 | €13,532 | +€9,643 | +248% |
| Other operating charges | 640/8 | €10,857 | €4,827 | -€6,030 | -55.5% |
| Operating charges capitalised as restructuring costs | 649 | - | -€8,300 | -€8,300 | |
| Gross operating margin | 9900 | €51,539 | €114,420 | +€62,882 | +122% |
| Operating profit (loss) | 9901 | €36,793 | €104,361 | +€67,568 | +184% |
| Financial income | 75/76B | €177 | €313 | +€136 | +76.6% |
| Recurring financial income | 75 | €177 | €313 | +€136 | +76.6% |
| Financial charges | 65/66B | €1,837 | €6,510 | +€4,673 | +254% |
| Recurring financial charges | 65 | €1,837 | €6,510 | +€4,673 | +254% |
| Profit (loss) for the period before taxes | 9903 | €35,134 | €98,165 | +€63,031 | +179% |
| Income taxes | 67/77 | €8,632 | €26,180 | +€17,549 | +203% |
| Profit (loss) for the period | 9904 | €26,502 | €71,984 | +€45,482 | +172% |
| Profit (loss) for the period to be appropriated | 9905 | €26,502 | €71,984 | +€45,482 | +172% |
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 16 October 2026 via checked.be.