Roelandts at work: 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.
Roelandts at work
Largest movements
- Tangible fixed assets +€308,025
up €308,025 (+32.7%), from €940,707 to €1.2m
of which Land and buildings: +€313,976
- Financial fixed assets +€100,000
up €100,000 (+398%), from €25,100 to €125,100
- Receivables after one year +€75,000
new in 2025: €75,000
- Cash -€44,742
down €44,742 (-88.4%), from €50,612 to €5,870
mainly Investment in fixed assets (net) (-€515,290) and Receivables after one year (-€75,000)
- Debts after one year +€270,517
up €270,517 (+46.8%), from €578,347 to €848,865
- Other debts +€159,426
up €159,426 (+27,258%), from €585 to €160,010
- Profit (loss) carried forward -€29,926
down €29,926, from €0 to -€29,926
- Trade debts +€17,777
up €17,777 (+226%), from €7,878 to €25,655
- Gross operating margin -€55,811
down €55,811 (-32.4%), from €172,223 to €116,412
- Depreciation +€22,882
up €22,882 (+27.1%), from €84,383 to €107,265
- Financial charges +€4,241
up €4,241 (+13.4%), from €31,725 to €35,966
of which Financial charges: +€4,241
- Taxes -€2,859
down €2,859 (-100%), from €2,859 to €0
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 | €1,052,801 | €1,490,940 | +€438,140 | +41.6% |
| Fixed assets | 21/28 | €965,807 | €1,373,832 | +€408,025 | +42.2% |
| Tangible fixed assets | 22/27 | €940,707 | €1,248,732 | +€308,025 | +32.7% |
| Land and buildings | 22 | €779,625 | €1,093,601 | +€313,976 | +40.3% |
| Plant, machinery and equipment | 23 | €155,170 | €135,666 | -€19,504 | -12.6% |
| Furniture and vehicles | 24 | €5,913 | €19,466 | +€13,553 | +229% |
| Financial fixed assets | 28 | €25,100 | €125,100 | +€100,000 | +398% |
| Current assets | 29/58 | €86,993 | €117,108 | +€30,115 | +34.6% |
| Amounts receivable after more than one year | 29 | - | €75,000 | +€75,000 | |
| Other amounts receivable | 291 | - | €75,000 | +€75,000 | |
| Amounts receivable within one year | 40/41 | €31,454 | €33,493 | +€2,039 | +6.5% |
| Other amounts receivable | 41 | €31,454 | €33,493 | +€2,039 | +6.5% |
| Cash at bank and in hand | 54/58 | €50,612 | €5,870 | -€44,742 | -88.4% |
| Deferred charges and accrued income | 490/1 | €4,928 | €2,746 | -€2,182 | -44.3% |
| Total equity and liabilities | 10/49 | €1,052,801 | €1,490,940 | +€438,140 | +41.6% |
| Equity | 10/15 | €385,345 | €355,419 | -€29,926 | -7.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €385,245 | €385,245 | = | 0.0% |
| Distributable reserves | 133 | €385,245 | €385,245 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€29,926 | -€29,926 | |
| Amounts payable | 17/49 | €667,456 | €1,135,521 | +€468,065 | +70.1% |
| Amounts payable after more than one year | 17 | €578,347 | €848,865 | +€270,517 | +46.8% |
| Financial debts | 170/4 | €578,347 | €848,865 | +€270,517 | +46.8% |
| Amounts payable within one year | 42/48 | €89,108 | €285,949 | +€196,841 | +221% |
| Current portion of amounts payable after more than one year | 42 | €75,434 | €90,140 | +€14,706 | +19.5% |
| Financial debts | 43 | €1,952 | €1,087 | -€866 | -44.3% |
| Credit institutions | 430/8 | €1,952 | €1,087 | -€866 | -44.3% |
| Trade debts | 44 | €7,878 | €25,655 | +€17,777 | +226% |
| Suppliers | 440/4 | €7,878 | €25,655 | +€17,777 | +226% |
| Taxes, remuneration and social security | 45 | €3,259 | €9,057 | +€5,798 | +178% |
| Taxes | 450/3 | €3,259 | €9,057 | +€5,798 | +178% |
| Other amounts payable | 47/48 | €585 | €160,010 | +€159,426 | +27,258% |
| Accrued charges and deferred income | 492/3 | - | €707 | +€707 | |
| Non-recurring operating income | 76A | €33,182 | €0 | -€33,182 | -100% |
| Remuneration, social security and pensions | 62 | - | €743 | +€743 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,383 | €107,265 | +€22,882 | +27.1% |
| Other operating charges | 640/8 | €3,278 | €3,104 | -€173 | -5.3% |
| Gross operating margin | 9900 | €172,223 | €116,412 | -€55,811 | -32.4% |
| Operating profit (loss) | 9901 | €84,563 | €5,300 | -€79,263 | -93.7% |
| Financial income | 75/76B | €859 | €740 | -€120 | -13.9% |
| Recurring financial income | 75 | €859 | €740 | -€120 | -13.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €31,725 | €35,966 | +€4,241 | +13.4% |
| Recurring financial charges | 65 | €31,725 | €35,966 | +€4,241 | +13.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €53,697 | -€29,926 | -€83,623 | |
| Income taxes | 67/77 | €2,859 | €0 | -€2,859 | -100% |
| Profit (loss) for the period | 9904 | €50,839 | -€29,926 | -€80,764 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,839 | -€29,926 | -€80,764 |
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.