ROELENS: 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.
ROELENS
Largest movements
- Stocks and contracts +€34,535
up €34,535 (+28.2%), from €122,315 to €156,850
- Tangible fixed assets -€17,775
down €17,775 (-13.4%), from €132,341 to €114,565
of which Plant, machinery and equipment: -€16,212
- Deferred charges and accrued income +€3,740
new in 2025: €3,740
- Cash -€3,709
down €3,709 (-42.3%), from €8,757 to €5,048
mainly Stocks and contracts (-€34,535) and Investment in fixed assets (net) (-€8,953)
- Receivables within one year -€3,375
down €3,375 (-14.3%), from €23,555 to €20,180
of which Trade receivables: -€2,153
- Other debts +€18,331
up €18,331 (+8.2%), from €224,204 to €242,534
- Trade debts -€3,737
down €3,737 (-29.5%), from €12,656 to €8,918
- Gross operating margin -€9,427
down €9,427 (-12.3%), from €76,610 to €67,183
- Staff costs -€8,104
down €8,104 (-17.1%), from €47,396 to €39,291
- Depreciation +€1,967
up €1,967 (+7.9%), from €24,761 to €26,728
- Financial charges -€787
down €787 (-24.7%), from €3,184 to €2,396
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.
Cash bridge derived
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 | €287,120 | €300,537 | +€13,417 | +4.7% |
| Fixed assets | 21/28 | €132,493 | €114,718 | -€17,775 | -13.4% |
| Tangible fixed assets | 22/27 | €132,341 | €114,565 | -€17,775 | -13.4% |
| Plant, machinery and equipment | 23 | €119,515 | €103,303 | -€16,212 | -13.6% |
| Furniture and vehicles | 24 | €12,826 | €11,262 | -€1,564 | -12.2% |
| Financial fixed assets | 28 | €152 | €152 | = | 0.0% |
| Current assets | 29/58 | €154,627 | €185,819 | +€31,192 | +20.2% |
| Stocks and contracts in progress | 3 | €122,315 | €156,850 | +€34,535 | +28.2% |
| Stocks | 30/36 | €122,315 | €156,850 | +€34,535 | +28.2% |
| Amounts receivable within one year | 40/41 | €23,555 | €20,180 | -€3,375 | -14.3% |
| Trade receivables | 40 | €22,333 | €20,180 | -€2,153 | -9.6% |
| Other amounts receivable | 41 | €1,222 | - | -€1,222 | |
| Cash at bank and in hand | 54/58 | €8,757 | €5,048 | -€3,709 | -42.3% |
| Deferred charges and accrued income | 490/1 | - | €3,740 | +€3,740 | |
| Total equity and liabilities | 10/49 | €287,120 | €300,537 | +€13,417 | +4.7% |
| Equity | 10/15 | €50,261 | €48,415 | -€1,846 | -3.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €31,609 | €31,609 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,750 | €29,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60 | -€1,786 | -€1,846 | |
| Amounts payable | 17/49 | €236,859 | €252,121 | +€15,262 | +6.4% |
| Amounts payable within one year | 42/48 | €236,859 | €252,121 | +€15,262 | +6.4% |
| Trade debts | 44 | €12,656 | €8,918 | -€3,737 | -29.5% |
| Suppliers | 440/4 | €12,656 | €8,918 | -€3,737 | -29.5% |
| Taxes, remuneration and social security | 45 | - | €669 | +€669 | |
| Taxes | 450/3 | - | €669 | +€669 | |
| Other amounts payable | 47/48 | €224,204 | €242,534 | +€18,331 | +8.2% |
| Remuneration, social security and pensions | 62 | €47,396 | €39,291 | -€8,104 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,761 | €26,728 | +€1,967 | +7.9% |
| Other operating charges | 640/8 | €847 | €613 | -€233 | -27.6% |
| Gross operating margin | 9900 | €76,610 | €67,183 | -€9,427 | -12.3% |
| Operating profit (loss) | 9901 | €3,607 | €551 | -€3,057 | -84.7% |
| Financial income | 75/76B | €134 | - | -€134 | |
| Recurring financial income | 75 | €134 | - | -€134 | |
| Financial charges | 65/66B | €3,184 | €2,396 | -€787 | -24.7% |
| Recurring financial charges | 65 | €3,184 | €2,396 | -€787 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €558 | -€1,846 | -€2,404 | |
| Profit (loss) for the period | 9904 | €558 | -€1,846 | -€2,404 | |
| Profit (loss) for the period to be appropriated | 9905 | €558 | -€1,846 | -€2,404 |
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 9 October 2026 via checked.be.