ROELS & CO: 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.
ROELS & CO
Largest movements
- Tangible fixed assets -€76,621
down €76,621 (-18.2%), from €420,020 to €343,400
of which Furniture and vehicles: -€58,752
- Receivables within one year -€22,240
down €22,240 (-71.0%), from €31,319 to €9,079
- Stocks and contracts +€19,156
up €19,156 (+15.6%), from €122,577 to €141,733
- Debts after one year -€54,267
down €54,267 (-39.5%), from €137,210 to €82,944
- Short-term financial debts -€28,533
down €28,533 (-72.0%), from €39,654 to €11,122
- Current portion of long-term debt -€23,124
down €23,124 (-29.9%), from €77,390 to €54,267
- Tax, wage and social debts +€10,685
up €10,685 (+43.2%), from €24,751 to €35,436
of which Remuneration and social security: +€7,325
- Other debts +€7,844
up €7,844 (+17.2%), from €45,619 to €53,463
- Staff costs +€27,942
up €27,942 (+87.1%), from €32,081 to €60,023
- Depreciation +€16,925
up €16,925 (+25.1%), from €67,308 to €84,234
- Taxes -€8,266
down €8,266 (-36.3%), from €22,793 to €14,527
- Gross operating margin -€5,884
down €5,884 (-3.3%), from €179,346 to €173,463
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €583,994 | €500,740 | -€83,254 | -14.3% |
| Fixed assets | 21/28 | €420,020 | €343,400 | -€76,621 | -18.2% |
| Tangible fixed assets | 22/27 | €420,020 | €343,400 | -€76,621 | -18.2% |
| Land and buildings | 22 | €243,498 | €227,487 | -€16,012 | -6.6% |
| Plant, machinery and equipment | 23 | €4,340 | €2,482 | -€1,858 | -42.8% |
| Furniture and vehicles | 24 | €172,183 | €113,431 | -€58,752 | -34.1% |
| Current assets | 29/58 | €163,973 | €157,340 | -€6,633 | -4.0% |
| Stocks and contracts in progress | 3 | €122,577 | €141,733 | +€19,156 | +15.6% |
| Stocks | 30/36 | €122,577 | €141,733 | +€19,156 | +15.6% |
| Amounts receivable within one year | 40/41 | €31,319 | €9,079 | -€22,240 | -71.0% |
| Trade receivables | 40 | €31,319 | €9,079 | -€22,240 | -71.0% |
| Deferred charges and accrued income | 490/1 | €10,077 | €6,529 | -€3,549 | -35.2% |
| Total equity and liabilities | 10/49 | €583,994 | €500,740 | -€83,254 | -14.3% |
| Equity | 10/15 | €231,911 | €238,034 | +€6,123 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €213,311 | €213,311 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €211,451 | €211,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €6,123 | +€6,123 | |
| Amounts payable | 17/49 | €352,083 | €262,706 | -€89,377 | -25.4% |
| Amounts payable after more than one year | 17 | €137,210 | €82,944 | -€54,267 | -39.5% |
| Financial debts | 170/4 | €137,210 | €82,944 | -€54,267 | -39.5% |
| Amounts payable within one year | 42/48 | €214,873 | €179,762 | -€35,111 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €77,390 | €54,267 | -€23,124 | -29.9% |
| Financial debts | 43 | €39,654 | €11,122 | -€28,533 | -72.0% |
| Credit institutions | 430/8 | €39,654 | €11,122 | -€28,533 | -72.0% |
| Trade debts | 44 | €27,458 | €25,475 | -€1,983 | -7.2% |
| Suppliers | 440/4 | €27,458 | €25,475 | -€1,983 | -7.2% |
| Taxes, remuneration and social security | 45 | €24,751 | €35,436 | +€10,685 | +43.2% |
| Taxes | 450/3 | €24,751 | €28,111 | +€3,360 | +13.6% |
| Remuneration and social security | 454/9 | - | €7,325 | +€7,325 | |
| Other amounts payable | 47/48 | €45,619 | €53,463 | +€7,844 | +17.2% |
| Remuneration, social security and pensions | 62 | €32,081 | €60,023 | +€27,942 | +87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,308 | €84,234 | +€16,925 | +25.1% |
| Other operating charges | 640/8 | €3,756 | €3,117 | -€639 | -17.0% |
| Gross operating margin | 9900 | €179,346 | €173,463 | -€5,884 | -3.3% |
| Operating profit (loss) | 9901 | €76,202 | €26,089 | -€50,113 | -65.8% |
| Financial income | 75/76B | €5,933 | €6,883 | +€950 | +16.0% |
| Recurring financial income | 75 | €5,933 | €6,883 | +€950 | +16.0% |
| Financial charges | 65/66B | €12,887 | €12,322 | -€565 | -4.4% |
| Recurring financial charges | 65 | €12,887 | €12,322 | -€565 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €69,248 | €20,650 | -€48,598 | -70.2% |
| Income taxes | 67/77 | €22,793 | €14,527 | -€8,266 | -36.3% |
| Profit (loss) for the period | 9904 | €46,455 | €6,123 | -€40,332 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,455 | €6,123 | -€40,332 | -86.8% |
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 12 October 2026 via checked.be.