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
- Cash -€44,033
down €44,033 (-45.7%), from €96,397 to €52,364
mainly Short-term financial debts (-€50,000) and Trade debts (-€24,820)
- Stocks and contracts -€19,657
down €19,657 (-5.3%), from €370,484 to €350,827
- Tangible fixed assets -€12,513
down €12,513 (-8.6%), from €145,706 to €133,193
of which Land and buildings: -€7,420
- Receivables within one year -€9,574
down €9,574 (-91.8%), from €10,433 to €860
of which Trade receivables: -€10,359
- Short-term financial debts -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Trade debts -€24,820
down €24,820 (-98.0%), from €25,329 to €509
- Debts after one year -€14,645
down €14,645 (-22.4%), from €65,461 to €50,816
- Other debts -€11,338
down €11,338 (-11.6%), from €97,566 to €86,228
- Reserves +€9,629
up €9,629 (+5.0%), from €193,711 to €203,339
of which Distributable reserves: +€9,629
- Gross operating margin -€6,164
down €6,164 (-12.7%), from €48,445 to €42,281
- Taxes -€1,301
down €1,301 (-19.2%), from €6,781 to €5,480
- Depreciation -€1,131
down €1,131 (-8.3%), from €13,645 to €12,513
- Financial charges +€983
up €983 (+7.7%), from €12,744 to €13,727
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 | €623,234 | €537,369 | -€85,866 | -13.8% |
| Fixed assets | 21/28 | €145,831 | €133,318 | -€12,513 | -8.6% |
| Tangible fixed assets | 22/27 | €145,706 | €133,193 | -€12,513 | -8.6% |
| Land and buildings | 22 | €125,848 | €118,428 | -€7,420 | -5.9% |
| Plant, machinery and equipment | 23 | €19,858 | €14,765 | -€5,093 | -25.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €477,403 | €404,051 | -€73,352 | -15.4% |
| Stocks and contracts in progress | 3 | €370,484 | €350,827 | -€19,657 | -5.3% |
| Stocks | 30/36 | €370,484 | €350,827 | -€19,657 | -5.3% |
| Amounts receivable within one year | 40/41 | €10,433 | €860 | -€9,574 | -91.8% |
| Trade receivables | 40 | €10,359 | €0 | -€10,359 | -100.0% |
| Other amounts receivable | 41 | €74 | €860 | +€786 | +1064.2% |
| Cash at bank and in hand | 54/58 | €96,397 | €52,364 | -€44,033 | -45.7% |
| Deferred charges and accrued income | 490/1 | €88 | €0 | -€88 | -100.0% |
| Total equity and liabilities | 10/49 | €623,234 | €537,369 | -€85,866 | -13.8% |
| Equity | 10/15 | €326,211 | €335,839 | +€9,629 | +3.0% |
| Contributions | 10/11 | €132,500 | €132,500 | = | 0.0% |
| Reserves | 13 | €193,711 | €203,339 | +€9,629 | +5.0% |
| Non-distributable reserves | 130/1 | €13,250 | €13,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,250 | €13,250 | = | 0.0% |
| Distributable reserves | 133 | €180,461 | €190,089 | +€9,629 | +5.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €297,024 | €201,529 | -€95,494 | -32.2% |
| Amounts payable after more than one year | 17 | €65,461 | €50,816 | -€14,645 | -22.4% |
| Financial debts | 170/4 | €65,461 | €50,816 | -€14,645 | -22.4% |
| Amounts payable within one year | 42/48 | €223,894 | €136,782 | -€87,112 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €15,396 | €15,153 | -€243 | -1.6% |
| Financial debts | 43 | €50,000 | €0 | -€50,000 | -100.0% |
| Credit institutions | 430/8 | €50,000 | €0 | -€50,000 | -100.0% |
| Trade debts | 44 | €25,329 | €509 | -€24,820 | -98.0% |
| Suppliers | 440/4 | €25,329 | €509 | -€24,820 | -98.0% |
| Taxes, remuneration and social security | 45 | €35,603 | €34,892 | -€711 | -2.0% |
| Taxes | 450/3 | €35,603 | €34,892 | -€711 | -2.0% |
| Other amounts payable | 47/48 | €97,566 | €86,228 | -€11,338 | -11.6% |
| Accrued charges and deferred income | 492/3 | €7,668 | €13,931 | +€6,263 | +81.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,645 | €12,513 | -€1,131 | -8.3% |
| Other operating charges | 640/8 | €1,020 | €566 | -€455 | -44.6% |
| Gross operating margin | 9900 | €48,445 | €42,281 | -€6,164 | -12.7% |
| Operating profit (loss) | 9901 | €33,780 | €29,202 | -€4,578 | -13.6% |
| Financial income | 75/76B | €3,075 | €3,152 | +€77 | +2.5% |
| Recurring financial income | 75 | €3,075 | €3,152 | +€77 | +2.5% |
| Financial charges | 65/66B | €12,744 | €13,727 | +€983 | +7.7% |
| Recurring financial charges | 65 | €12,744 | €13,727 | +€983 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €24,111 | €18,627 | -€5,484 | -22.7% |
| Income taxes | 67/77 | €6,781 | €5,480 | -€1,301 | -19.2% |
| Profit (loss) for the period | 9904 | €17,330 | €13,147 | -€4,183 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,330 | €13,147 | -€4,183 | -24.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.