ROELMA: 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.
ROELMA
Largest movements
- Tangible fixed assets -€107,996
down €107,996 (-4.7%), from €2.3m to €2.2m
of which Land and buildings: -€134,039
- Cash +€75,956
up €75,956 (+33.4%), from €227,576 to €303,532
mainly Depreciation (+€243,261) and Trade debts (+€15,406)
- Reserves -€63,930
down €63,930 (-4.5%), from €1.4m to €1.4m
of which Tax-exempt reserves: -€147,221
- Gross operating margin -€269,963
down €269,963 (-51.5%), from €524,309 to €254,346
- Taxes +€21,810
up €21,810 (+107%), from €20,352 to €42,162
- Depreciation -€14,406
down €14,406 (-5.6%), from €257,667 to €243,261
- Financial charges -€9,036
down €9,036 (-63.6%), from €14,205 to €5,169
- Other operating charges -€8,907
down €8,907 (-38.1%), from €23,368 to €14,461
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 | €2,557,192 | €2,526,286 | -€30,906 | -1.2% |
| Fixed assets | 21/28 | €2,295,750 | €2,187,755 | -€107,996 | -4.7% |
| Tangible fixed assets | 22/27 | €2,295,044 | €2,187,048 | -€107,996 | -4.7% |
| Land and buildings | 22 | €2,253,997 | €2,119,959 | -€134,039 | -5.9% |
| Plant, machinery and equipment | 23 | €26,074 | €43,548 | +€17,474 | +67.0% |
| Furniture and vehicles | 24 | €14,973 | €23,541 | +€8,569 | +57.2% |
| Financial fixed assets | 28 | €706 | €706 | = | 0.0% |
| Current assets | 29/58 | €261,442 | €338,531 | +€77,090 | +29.5% |
| Amounts receivable within one year | 40/41 | €13,980 | €16,583 | +€2,603 | +18.6% |
| Trade receivables | 40 | €13,980 | €16,538 | +€2,558 | +18.3% |
| Other amounts receivable | 41 | - | €45 | +€45 | |
| Cash at bank and in hand | 54/58 | €227,576 | €303,532 | +€75,956 | +33.4% |
| Deferred charges and accrued income | 490/1 | €19,886 | €18,417 | -€1,470 | -7.4% |
| Total equity and liabilities | 10/49 | €2,557,192 | €2,526,286 | -€30,906 | -1.2% |
| Equity | 10/15 | €2,222,421 | €2,158,491 | -€63,930 | -2.9% |
| Contributions | 10/11 | €763,512 | €763,512 | = | 0.0% |
| Capital | 10 | €763,512 | €763,512 | = | 0.0% |
| Issued capital | 100 | €763,512 | €763,512 | = | 0.0% |
| Reserves | 13 | €1,432,819 | €1,368,889 | -€63,930 | -4.5% |
| Non-distributable reserves | 130/1 | €76,351 | €76,351 | = | 0.0% |
| Legal reserve | 130 | €76,351 | €76,351 | = | 0.0% |
| Tax-exempt reserves | 132 | €937,744 | €790,523 | -€147,221 | -15.7% |
| Distributable reserves | 133 | €418,723 | €502,014 | +€83,291 | +19.9% |
| Profit (loss) carried forward | 14 | €26,090 | €26,090 | = | 0.0% |
| Provisions and deferred taxes | 16 | €234,436 | €249,639 | +€15,203 | +6.5% |
| Deferred taxes | 168 | €234,436 | €249,639 | +€15,203 | +6.5% |
| Amounts payable | 17/49 | €100,335 | €118,156 | +€17,821 | +17.8% |
| Amounts payable within one year | 42/48 | €98,860 | €116,681 | +€17,821 | +18.0% |
| Trade debts | 44 | €6,976 | €22,382 | +€15,406 | +221% |
| Suppliers | 440/4 | €6,976 | €22,382 | +€15,406 | +221% |
| Taxes, remuneration and social security | 45 | €24,303 | €26,644 | +€2,342 | +9.6% |
| Taxes | 450/3 | €24,303 | €26,644 | +€2,342 | +9.6% |
| Other amounts payable | 47/48 | €67,581 | €67,655 | +€73 | +0.1% |
| Accrued charges and deferred income | 492/3 | €1,475 | €1,475 | = | 0.0% |
| Non-recurring operating income | 76A | - | €186 | +€186 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257,667 | €243,261 | -€14,406 | -5.6% |
| Other operating charges | 640/8 | €23,368 | €14,461 | -€8,907 | -38.1% |
| Gross operating margin | 9900 | €524,309 | €254,346 | -€269,963 | -51.5% |
| Operating profit (loss) | 9901 | €243,274 | -€3,376 | -€246,650 | |
| Financial income | 75/76B | €1,148 | €1,980 | +€831 | +72.4% |
| Recurring financial income | 75 | €1,148 | €1,980 | +€831 | +72.4% |
| Financial charges | 65/66B | €14,205 | €5,169 | -€9,036 | -63.6% |
| Recurring financial charges | 65 | €14,205 | €5,169 | -€9,036 | -63.6% |
| Profit (loss) for the period before taxes | 9903 | €230,218 | -€6,565 | -€236,783 | |
| Transfer from deferred taxes | 780 | €22,792 | €26,404 | +€3,612 | +15.8% |
| Transfer to deferred taxes | 680 | €51,503 | - | -€51,503 | |
| Income taxes | 67/77 | €20,352 | €42,162 | +€21,810 | +107% |
| Profit (loss) for the period | 9904 | €181,154 | -€22,324 | -€203,478 | |
| Transfer from tax-exempt reserves | 789 | €91,167 | €105,615 | +€14,448 | +15.8% |
| Transfer to tax-exempt reserves | 689 | €206,012 | - | -€206,012 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,309 | €83,291 | +€16,982 | +25.6% |
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 28 October 2026 via checked.be.