ROGER DANIELS: 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.
ROGER DANIELS
Largest movements
- Receivables within one year -€1,484
down €1,484 (-90.9%), from €1,632 to €148
- Profit (loss) carried forward -€2,635
down €2,635 (-4.4%), from €60,552 to €57,917
- Depreciation -€2,951
no longer reported in 2025 (was €2,951)
- Financial income +€753
up €753 (+89.8%), from €838 to €1,591
- Taxes +€175
up €175 (+121%), from €145 to €319
- Other operating charges +€174
up €174 (+34.3%), from €505 to €679
- Gross operating margin -€47
down €47 (-1.5%), from -€3,137 to -€3,184
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 | €126,939 | €124,381 | -€2,558 | -2.0% |
| Fixed assets | 21/28 | €6,749 | €6,749 | = | 0.0% |
| Tangible fixed assets | 22/27 | €6,749 | €6,749 | = | 0.0% |
| Land and buildings | 22 | €5,057 | €5,057 | = | 0.0% |
| Plant, machinery and equipment | 23 | €361 | €361 | = | 0.0% |
| Furniture and vehicles | 24 | €1,331 | €1,331 | = | 0.0% |
| Current assets | 29/58 | €120,190 | €117,632 | -€2,558 | -2.1% |
| Amounts receivable within one year | 40/41 | €1,632 | €148 | -€1,484 | -90.9% |
| Other amounts receivable | 41 | €1,632 | €148 | -€1,484 | -90.9% |
| Cash at bank and in hand | 54/58 | €118,558 | €117,484 | -€1,074 | -0.9% |
| Total equity and liabilities | 10/49 | €126,939 | €124,381 | -€2,558 | -2.0% |
| Equity | 10/15 | €126,303 | €123,668 | -€2,635 | -2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,151 | €47,151 | = | 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% |
| Tax-exempt reserves | 132 | €5,512 | €5,512 | = | 0.0% |
| Distributable reserves | 133 | €39,779 | €39,779 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,552 | €57,917 | -€2,635 | -4.4% |
| Amounts payable | 17/49 | €636 | €713 | +€77 | +12.1% |
| Amounts payable within one year | 42/48 | €636 | €713 | +€77 | +12.1% |
| Trade debts | 44 | €118 | - | -€118 | |
| Suppliers | 440/4 | €118 | - | -€118 | |
| Other amounts payable | 47/48 | €518 | €713 | +€195 | +37.6% |
| Non-recurring operating income | 76A | €221 | - | -€221 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,951 | - | -€2,951 | |
| Other operating charges | 640/8 | €505 | €679 | +€174 | +34.3% |
| Gross operating margin | 9900 | -€3,137 | -€3,184 | -€47 | -1.5% |
| Operating profit (loss) | 9901 | -€6,593 | -€3,863 | +€2,730 | +41.4% |
| Financial income | 75/76B | €838 | €1,591 | +€753 | +89.8% |
| Recurring financial income | 75 | €838 | €1,591 | +€753 | +89.8% |
| Financial charges | 65/66B | €39 | €44 | +€5 | +11.5% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,794 | -€2,316 | +€3,478 | +60.0% |
| Income taxes | 67/77 | €145 | €319 | +€175 | +121% |
| Profit (loss) for the period | 9904 | -€5,939 | -€2,635 | +€3,304 | +55.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,939 | -€2,635 | +€3,304 | +55.6% |
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 21 October 2026 via checked.be.