ROELS THOMAS: what changed
Two fiscal 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 THOMAS
Largest movements
- Tangible fixed assets -€7,530
down €7,530 (-13.8%), from €54,467 to €46,937
of which Furniture and vehicles: -€24,372
- Other debts -€95,044
down €95,044 (-96.1%), from €98,905 to €3,861
- Reserves +€83,739
up €83,739 (+20.0%), from €419,511 to €503,250
of which Distributable reserves: +€83,739
- Gross operating margin -€9,821
down €9,821 (-6.5%), from €150,475 to €140,654
- Other operating charges -€2,251
down €2,251 (-61.6%), from €3,656 to €1,405
- Depreciation -€2,250
down €2,250 (-7.6%), from €29,678 to €27,428
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 | €543,900 | €532,999 | -€10,901 | -2.0% |
| Fixed assets | 21/28 | €54,467 | €46,937 | -€7,530 | -13.8% |
| Tangible fixed assets | 22/27 | €54,467 | €46,937 | -€7,530 | -13.8% |
| Land and buildings | 22 | €127 | - | -€127 | |
| Plant, machinery and equipment | 23 | €11,256 | €28,225 | +€16,969 | +150.8% |
| Furniture and vehicles | 24 | €43,084 | €18,712 | -€24,372 | -56.6% |
| Current assets | 29/58 | €489,433 | €486,062 | -€3,371 | -0.7% |
| Amounts receivable within one year | 40/41 | €25,759 | €26,082 | +€323 | +1.3% |
| Trade receivables | 40 | €18,895 | €26,082 | +€7,187 | +38.0% |
| Other amounts receivable | 41 | €6,864 | - | -€6,864 | |
| Cash at bank and in hand | 54/58 | €460,128 | €459,980 | -€148 | 0.0% |
| Deferred charges and accrued income | 490/1 | €3,546 | - | -€3,546 | |
| Total equity and liabilities | 10/49 | €543,900 | €532,999 | -€10,901 | -2.0% |
| Equity | 10/15 | €433,665 | €517,404 | +€83,739 | +19.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €419,511 | €503,250 | +€83,739 | +20.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €409,511 | €493,250 | +€83,739 | +20.4% |
| Profit (loss) carried forward | 14 | €1,754 | €1,754 | = | 0.0% |
| Amounts payable | 17/49 | €110,235 | €15,595 | -€94,640 | -85.9% |
| Amounts payable within one year | 42/48 | €110,235 | €15,595 | -€94,640 | -85.9% |
| Trade debts | 44 | €2,484 | €5,079 | +€2,595 | +104.5% |
| Suppliers | 440/4 | €2,484 | €5,079 | +€2,595 | +104.5% |
| Advances received on contracts in progress | 46 | €121 | - | -€121 | |
| Taxes, remuneration and social security | 45 | €8,725 | €6,655 | -€2,070 | -23.7% |
| Taxes | 450/3 | €8,725 | €6,468 | -€2,257 | -25.9% |
| Remuneration and social security | 454/9 | - | €187 | +€187 | |
| Other amounts payable | 47/48 | €98,905 | €3,861 | -€95,044 | -96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,678 | €27,428 | -€2,250 | -7.6% |
| Other operating charges | 640/8 | €3,656 | €1,405 | -€2,251 | -61.6% |
| Gross operating margin | 9900 | €150,475 | €140,654 | -€9,821 | -6.5% |
| Operating profit (loss) | 9901 | €117,141 | €111,821 | -€5,320 | -4.5% |
| Financial income | 75/76B | €9,614 | €10,748 | +€1,134 | +11.8% |
| Recurring financial income | 75 | €9,614 | €10,748 | +€1,134 | +11.8% |
| Financial charges | 65/66B | €165 | €431 | +€266 | +161.2% |
| Recurring financial charges | 65 | €165 | €431 | +€266 | +161.2% |
| Profit (loss) for the period before taxes | 9903 | €126,590 | €122,138 | -€4,452 | -3.5% |
| Income taxes | 67/77 | €37,742 | €36,799 | -€943 | -2.5% |
| Profit (loss) for the period | 9904 | €88,848 | €85,339 | -€3,509 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €88,848 | €85,339 | -€3,509 | -3.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.