ROLAND FRERES: 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.
What changed
ROLAND FRERES
NACE 46.711, Wholesale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€31,274
2024 · €18,472+€12,802
Equity
€30,415
2024 · -€859+€31,274
Cash
€650
2024 · €1,327-€677
Balance sheet total
€158,365
2024 · €163,587-€5,221
Largest movements
Assets
- Tangible fixed assets -€5,686
down €5,686 (-3.9%), from €145,480 to €139,794
of which Land and buildings: -€4,590
Equity and liabilities
- Profit (loss) carried forward +€31,274
up €31,274, from -€24,454 to €6,819
- Short-term financial debts -€28,600
down €28,600 (-83.4%), from €34,276 to €5,676
- Debts after one year -€11,160
down €11,160 (-10.7%), from €104,262 to €93,101
of which Financial debts: -€11,160
- Trade debts +€1,785
up €1,785 (+17.4%), from €10,244 to €12,029
Income statement
- Gross operating margin +€12,383
up €12,383 (+28.8%), from €42,955 to €55,339
- Financial charges -€1,715
down €1,715 (-15.4%), from €11,142 to €9,427
- Taxes +€1,155
new in 2025: €1,155
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.
Result 2024
€18,472
Gross operating margin
+€12,383
Other operating charges
-€228
Financial income
+€87
Financial charges
+€1,715
Taxes
-€1,155
Result 2025
€31,274
raises the resultlowers the result
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.
From operations
+€37,845
Investment
€0
Financing
-€38,522
Cash 2024
€1,327
From operations (derived)
+€37,845
Net result for the year
+€31,274
Depreciation
+€5,686
Stocks and contracts
+€225
Receivables within one year
-€1,019
Deferred charges and accrued income
-€347
Trade debts
+€1,785
Tax, wage and social debts
+€937
Advances received
+€220
Accrued charges and deferred income
-€915
Financing
-€38,522
Debts after one year
-€11,160
Current portion of long-term debt
+€1,238
Short-term financial debts
-€28,600
Cash 2025
€650
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €163,587 | €158,365 | -€5,221 | -3.2% |
| Fixed assets | 21/28 | €145,480 | €139,794 | -€5,686 | -3.9% |
| Tangible fixed assets | 22/27 | €145,480 | €139,794 | -€5,686 | -3.9% |
| Land and buildings | 22 | €142,460 | €137,870 | -€4,590 | -3.2% |
| Plant, machinery and equipment | 23 | €3,020 | €1,924 | -€1,096 | -36.3% |
| Current assets | 29/58 | €18,107 | €18,571 | +€464 | +2.6% |
| Stocks and contracts in progress | 3 | €8,499 | €8,274 | -€225 | -2.6% |
| Stocks | 30/36 | €8,499 | €8,274 | -€225 | -2.6% |
| Amounts receivable within one year | 40/41 | €5,861 | €6,880 | +€1,019 | +17.4% |
| Trade receivables | 40 | €5,861 | €2,550 | -€3,311 | -56.5% |
| Other amounts receivable | 41 | - | €4,330 | +€4,330 | |
| Cash at bank and in hand | 54/58 | €1,327 | €650 | -€677 | -51.0% |
| Deferred charges and accrued income | 490/1 | €2,419 | €2,766 | +€347 | +14.3% |
| Total equity and liabilities | 10/49 | €163,587 | €158,365 | -€5,221 | -3.2% |
| Equity | 10/15 | -€859 | €30,415 | +€31,274 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €5,004 | €5,004 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4 | €4 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4 | €4 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,454 | €6,819 | +€31,274 | |
| Amounts payable | 17/49 | €164,445 | €127,950 | -€36,495 | -22.2% |
| Amounts payable after more than one year | 17 | €104,262 | €93,101 | -€11,160 | -10.7% |
| Financial debts | 170/4 | €102,662 | €91,501 | -€11,160 | -10.9% |
| Other amounts payable | 178/9 | €1,600 | €1,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €59,015 | €34,595 | -€24,420 | -41.4% |
| Current portion of amounts payable after more than one year | 42 | €10,837 | €12,076 | +€1,238 | +11.4% |
| Financial debts | 43 | €34,276 | €5,676 | -€28,600 | -83.4% |
| Credit institutions | 430/8 | €34,276 | €5,676 | -€28,600 | -83.4% |
| Trade debts | 44 | €10,244 | €12,029 | +€1,785 | +17.4% |
| Suppliers | 440/4 | €10,244 | €12,029 | +€1,785 | +17.4% |
| Advances received on contracts in progress | 46 | €360 | €580 | +€220 | +61.1% |
| Taxes, remuneration and social security | 45 | €3,297 | €4,234 | +€937 | +28.4% |
| Taxes | 450/3 | €3,297 | €4,234 | +€937 | +28.4% |
| Accrued charges and deferred income | 492/3 | €1,169 | €254 | -€915 | -78.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,686 | €5,686 | = | 0.0% |
| Other operating charges | 640/8 | €7,676 | €7,904 | +€228 | +3.0% |
| Gross operating margin | 9900 | €42,955 | €55,339 | +€12,383 | +28.8% |
| Operating profit (loss) | 9901 | €29,594 | €41,749 | +€12,155 | +41.1% |
| Financial income | 75/76B | €20 | €107 | +€87 | +433% |
| Recurring financial income | 75 | €20 | €107 | +€87 | +433% |
| Financial charges | 65/66B | €11,142 | €9,427 | -€1,715 | -15.4% |
| Recurring financial charges | 65 | €11,142 | €9,427 | -€1,715 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €18,472 | €32,429 | +€13,957 | +75.6% |
| Income taxes | 67/77 | - | €1,155 | +€1,155 | |
| Profit (loss) for the period | 9904 | €18,472 | €31,274 | +€12,802 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,472 | €31,274 | +€12,802 | +69.3% |
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 31 October 2026 via checked.be.