Roland: 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.
Roland
Largest movements
- Cash +€140,640
up €140,640 (+69.7%), from €201,734 to €342,374
mainly Net result for the year (+€155,218) and Depreciation (+€30,269)
- Receivables within one year +€10,599
up €10,599 (+27.9%), from €38,052 to €48,651
of which Trade receivables: +€11,304
- Tangible fixed assets -€10,167
down €10,167 (-7.2%), from €141,030 to €130,863
of which Other tangible fixed assets: -€7,024
- Reserves +€155,218
up €155,218 (+62.2%), from €249,490 to €404,708
- Debts after one year -€27,703
down €27,703 (-56.2%), from €49,319 to €21,616
- Tax, wage and social debts +€12,029
up €12,029 (+53.4%), from €22,546 to €34,574
of which Taxes: +€7,921
- Gross operating margin +€69,275
up €69,275 (+15.0%), from €461,809 to €531,084
- Staff costs +€65,812
up €65,812 (+30.7%), from €214,240 to €280,052
- Other operating charges +€7,007
up €7,007 (+176.9%), from €3,961 to €10,968
- Depreciation +€5,754
up €5,754 (+23.5%), from €24,515 to €30,269
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 | €401,557 | €540,247 | +€138,690 | +34.5% |
| Fixed assets | 21/28 | €149,530 | €138,363 | -€11,167 | -7.5% |
| Intangible fixed assets | 21 | €8,500 | €7,500 | -€1,000 | -11.8% |
| Tangible fixed assets | 22/27 | €141,030 | €130,863 | -€10,167 | -7.2% |
| Plant, machinery and equipment | 23 | €27,841 | €31,673 | +€3,832 | +13.8% |
| Furniture and vehicles | 24 | €42,950 | €37,735 | -€5,215 | -12.1% |
| Leasing and similar rights | 25 | €6,749 | €4,988 | -€1,761 | -26.1% |
| Other tangible fixed assets | 26 | €63,491 | €56,467 | -€7,024 | -11.1% |
| Current assets | 29/58 | €252,026 | €401,884 | +€149,857 | +59.5% |
| Stocks and contracts in progress | 3 | €4,051 | €5,211 | +€1,160 | +28.6% |
| Stocks | 30/36 | €4,051 | €5,211 | +€1,160 | +28.6% |
| Amounts receivable within one year | 40/41 | €38,052 | €48,651 | +€10,599 | +27.9% |
| Trade receivables | 40 | €4,934 | €16,238 | +€11,304 | +229.1% |
| Other amounts receivable | 41 | €33,119 | €32,413 | -€705 | -2.1% |
| Cash at bank and in hand | 54/58 | €201,734 | €342,374 | +€140,640 | +69.7% |
| Deferred charges and accrued income | 490/1 | €8,190 | €5,647 | -€2,542 | -31.0% |
| Total equity and liabilities | 10/49 | €401,557 | €540,247 | +€138,690 | +34.5% |
| Equity | 10/15 | €259,490 | €414,708 | +€155,218 | +59.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €249,490 | €404,708 | +€155,218 | +62.2% |
| Distributable reserves | 133 | €249,490 | €404,708 | +€155,218 | +62.2% |
| Amounts payable | 17/49 | €142,067 | €125,539 | -€16,528 | -11.6% |
| Amounts payable after more than one year | 17 | €49,319 | €21,616 | -€27,703 | -56.2% |
| Financial debts | 170/4 | €49,319 | €21,616 | -€27,703 | -56.2% |
| Amounts payable within one year | 42/48 | €92,480 | €103,749 | +€11,269 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €28,305 | €29,693 | +€1,388 | +4.9% |
| Trade debts | 44 | €41,629 | €39,482 | -€2,147 | -5.2% |
| Suppliers | 440/4 | €41,629 | €39,482 | -€2,147 | -5.2% |
| Taxes, remuneration and social security | 45 | €22,546 | €34,574 | +€12,029 | +53.4% |
| Taxes | 450/3 | €8,173 | €16,094 | +€7,921 | +96.9% |
| Remuneration and social security | 454/9 | €14,373 | €18,480 | +€4,107 | +28.6% |
| Accrued charges and deferred income | 492/3 | €268 | €174 | -€94 | -34.9% |
| Remuneration, social security and pensions | 62 | €214,240 | €280,052 | +€65,812 | +30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,515 | €30,269 | +€5,754 | +23.5% |
| Other operating charges | 640/8 | €3,961 | €10,968 | +€7,007 | +176.9% |
| Non-recurring operating charges | 66A | €280 | - | -€280 | |
| Gross operating margin | 9900 | €461,809 | €531,084 | +€69,275 | +15.0% |
| Operating profit (loss) | 9901 | €218,813 | €209,795 | -€9,017 | -4.1% |
| Financial income | 75/76B | €1,039 | €2,224 | +€1,185 | +114.1% |
| Recurring financial income | 75 | €1,039 | €2,224 | +€1,185 | +114.1% |
| Financial charges | 65/66B | €9,204 | €9,865 | +€661 | +7.2% |
| Recurring financial charges | 65 | €9,204 | €9,865 | +€661 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €210,647 | €202,154 | -€8,493 | -4.0% |
| Income taxes | 67/77 | €48,304 | €46,936 | -€1,368 | -2.8% |
| Profit (loss) for the period | 9904 | €162,343 | €155,218 | -€7,125 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €162,343 | €155,218 | -€7,125 | -4.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.