ROELS: what changed
What changed
ROELS
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
€53,827
2024 · €77,052-€23,225
Equity
€809,153
2024 · €755,326+€53,827
Cash
€403,997
2024 · €280,579+€123,419
Balance sheet total
€3.7m
2024 · €4.3m-€513,927
Largest movements
Assets
- Receivables within one year -€478,011
down €478,011 (-19.4%), from €2.5m to €2.0m
of which Trade receivables: -€602,484
- Cash +€123,419
up €123,419 (+44.0%), from €280,579 to €403,997
mainly Receivables within one year (+€478,011) and Depreciation (+€171,149)
- Tangible fixed assets -€117,531
down €117,531 (-9.7%), from €1.2m to €1.1m
Equity and liabilities
- Advances received -€243,916
down €243,916 (-85.5%), from €285,381 to €41,465
- Trade debts -€136,243
down €136,243 (-10.3%), from €1.3m to €1.2m
- Debts after one year -€105,289
down €105,289 (-13.7%), from €770,643 to €665,354
- Short-term financial debts -€100,000
down €100,000 (-12.5%), from €800,000 to €700,000
- Reserves +€53,827
up €53,827 (+7.4%), from €724,226 to €778,053
of which Distributable reserves: +€53,827
Income statement
- Staff costs +€99,575
up €99,575 (+20.3%), from €489,511 to €589,086
- Gross operating margin +€58,666
up €58,666 (+7.0%), from €841,990 to €900,656
- Depreciation -€22,837
down €22,837 (-11.8%), from €193,987 to €171,149
- Financial charges +€22,621
up €22,621 (+41.5%), from €54,550 to €77,171
- Other operating charges -€12,124
down €12,124 (-57.7%), from €20,995 to €8,871
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€77,052
Gross operating margin
+€58,666
Staff costs
-€99,575
Depreciation
+€22,837
Other operating charges
+€12,124
Other operating items
+€5,029
Financial income
+€5,889
Financial charges
-€22,621
Taxes
-€5,573
Result 2025
€53,827
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€382,252
Investment
-€47,969
Financing
-€210,864
Cash 2024
€280,579
From operations (derived)
+€382,252
Net result for the year
+€53,827
Depreciation
+€171,149
Stocks and contracts
+€13,569
Receivables within one year
+€478,011
Deferred charges and accrued income
+€22,586
Trade debts
-€136,243
Tax, wage and social debts
+€48,070
Advances received
-€243,916
Other debts
-€29,498
Accrued charges and deferred income
+€4,696
Investment (derived)
-€47,969
Investment in fixed assets (net)
-€47,969
Financing
-€210,864
Debts after one year
-€105,289
Current portion of long-term debt
-€5,575
Short-term financial debts
-€100,000
Cash 2025
€403,997
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,250,558 | €3,736,630 | -€513,927 | -12.1% |
| Fixed assets | 21/28 | €1,324,282 | €1,201,102 | -€123,180 | -9.3% |
| Intangible fixed assets | 21 | €15,399 | €9,350 | -€6,049 | -39.3% |
| Tangible fixed assets | 22/27 | €1,211,384 | €1,093,852 | -€117,531 | -9.7% |
| Land and buildings | 22 | €699,268 | €650,016 | -€49,252 | -7.0% |
| Plant, machinery and equipment | 23 | €368,204 | €333,789 | -€34,415 | -9.3% |
| Furniture and vehicles | 24 | €50,825 | €39,548 | -€11,278 | -22.2% |
| Leasing and similar rights | 25 | €54,654 | €38,821 | -€15,833 | -29.0% |
| Other tangible fixed assets | 26 | €38,432 | €31,679 | -€6,754 | -17.6% |
| Financial fixed assets | 28 | €97,500 | €97,900 | +€400 | +0.4% |
| Current assets | 29/58 | €2,926,275 | €2,535,528 | -€390,747 | -13.4% |
| Stocks and contracts in progress | 3 | €136,200 | €122,631 | -€13,569 | -10.0% |
| Stocks | 30/36 | €136,200 | €122,631 | -€13,569 | -10.0% |
| Amounts receivable within one year | 40/41 | €2,467,732 | €1,989,721 | -€478,011 | -19.4% |
| Trade receivables | 40 | €2,278,683 | €1,676,199 | -€602,484 | -26.4% |
| Other amounts receivable | 41 | €189,049 | €313,523 | +€124,474 | +65.8% |
| Cash at bank and in hand | 54/58 | €280,579 | €403,997 | +€123,419 | +44.0% |
| Deferred charges and accrued income | 490/1 | €41,764 | €19,178 | -€22,586 | -54.1% |
| Total equity and liabilities | 10/49 | €4,250,558 | €3,736,630 | -€513,927 | -12.1% |
| Equity | 10/15 | €755,326 | €809,153 | +€53,827 | +7.1% |
| Contributions | 10/11 | €31,100 | €31,100 | = | 0.0% |
| Reserves | 13 | €724,226 | €778,053 | +€53,827 | +7.4% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €705,476 | €759,303 | +€53,827 | +7.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €3,495,232 | €2,927,477 | -€567,755 | -16.2% |
| Amounts payable after more than one year | 17 | €770,643 | €665,354 | -€105,289 | -13.7% |
| Financial debts | 170/4 | €770,643 | €665,354 | -€105,289 | -13.7% |
| Amounts payable within one year | 42/48 | €2,724,568 | €2,257,407 | -€467,161 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €159,764 | €154,189 | -€5,575 | -3.5% |
| Financial debts | 43 | €800,000 | €700,000 | -€100,000 | -12.5% |
| Credit institutions | 430/8 | €800,000 | €700,000 | -€100,000 | -12.5% |
| Trade debts | 44 | €1,326,786 | €1,190,543 | -€136,243 | -10.3% |
| Suppliers | 440/4 | €1,326,786 | €1,190,543 | -€136,243 | -10.3% |
| Advances received on contracts in progress | 46 | €285,381 | €41,465 | -€243,916 | -85.5% |
| Taxes, remuneration and social security | 45 | €55,185 | €103,255 | +€48,070 | +87.1% |
| Taxes | 450/3 | €7,848 | €18,082 | +€10,234 | +130% |
| Remuneration and social security | 454/9 | €47,337 | €85,173 | +€37,836 | +79.9% |
| Other amounts payable | 47/48 | €97,452 | €67,954 | -€29,498 | -30.3% |
| Accrued charges and deferred income | 492/3 | €21 | €4,717 | +€4,696 | +22,361% |
| Non-recurring operating income | 76A | €7,073 | €9,091 | +€2,018 | +28.5% |
| Remuneration, social security and pensions | 62 | €489,511 | €589,086 | +€99,575 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,987 | €171,149 | -€22,837 | -11.8% |
| Other operating charges | 640/8 | €20,995 | €8,871 | -€12,124 | -57.7% |
| Non-recurring operating charges | 66A | €5,860 | €831 | -€5,029 | -85.8% |
| Gross operating margin | 9900 | €841,990 | €900,656 | +€58,666 | +7.0% |
| Operating profit (loss) | 9901 | €131,637 | €130,718 | -€919 | -0.7% |
| Financial income | 75/76B | €673 | €6,561 | +€5,889 | +876% |
| Recurring financial income | 75 | €673 | €6,561 | +€5,889 | +876% |
| Financial charges | 65/66B | €54,550 | €77,171 | +€22,621 | +41.5% |
| Recurring financial charges | 65 | €54,550 | €77,171 | +€22,621 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | €77,760 | €60,108 | -€17,652 | -22.7% |
| Income taxes | 67/77 | €708 | €6,281 | +€5,573 | +787% |
| Profit (loss) for the period | 9904 | €77,052 | €53,827 | -€23,225 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €77,052 | €53,827 | -€23,225 | -30.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.