ROLAND SIEBEN: 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.
ROLAND SIEBEN
Largest movements
- Receivables after one year +€34,444
new in 2025: €34,444
- Cash -€28,699
down €28,699 (-31.9%), from €89,911 to €61,212
mainly Contributions, distributions and other (-€60,000) and Receivables after one year (-€34,444)
- Receivables within one year +€21,382
up €21,382 (+103%), from €20,713 to €42,095
of which Trade receivables: +€22,927
- Tangible fixed assets -€9,308
down €9,308 (-18.8%), from €49,563 to €40,255
of which Furniture and vehicles: -€8,252
- Deferred charges and accrued income -€1,872
no longer reported in 2025 (was €1,872)
- Other debts +€60,000
new in 2025: €60,000
- Profit (loss) carried forward -€28,369
down €28,369 (-24.1%), from €117,796 to €89,427
- Tax, wage and social debts -€11,183
no longer reported in 2025 (was €11,183)
of which Taxes: -€8,373
- Debts after one year -€6,772
down €6,772 (-39.2%), from €17,259 to €10,487
of which Financial debts: -€6,660
- Trade debts +€1,909
up €1,909 (+25.4%), from €7,523 to €9,432
- Depreciation +€7,778
up €7,778 (+508%), from €1,530 to €9,308
- Gross operating margin +€3,686
up €3,686 (+7.3%), from €50,336 to €54,022
- Taxes +€1,149
up €1,149 (+11.2%), from €10,253 to €11,402
- Financial charges +€932
up €932 (+480%), from €194 to €1,127
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 | €162,059 | €178,006 | +€15,947 | +9.8% |
| Fixed assets | 21/28 | €49,563 | €40,255 | -€9,308 | -18.8% |
| Tangible fixed assets | 22/27 | €49,563 | €40,255 | -€9,308 | -18.8% |
| Land and buildings | 22 | €8,777 | €7,721 | -€1,056 | -12.0% |
| Furniture and vehicles | 24 | €40,786 | €32,534 | -€8,252 | -20.2% |
| Current assets | 29/58 | €112,496 | €137,751 | +€25,255 | +22.4% |
| Amounts receivable after more than one year | 29 | - | €34,444 | +€34,444 | |
| Other amounts receivable | 291 | - | €34,444 | +€34,444 | |
| Amounts receivable within one year | 40/41 | €20,713 | €42,095 | +€21,382 | +103% |
| Trade receivables | 40 | €9,618 | €32,545 | +€22,927 | +238% |
| Other amounts receivable | 41 | €11,096 | €9,550 | -€1,545 | -13.9% |
| Cash at bank and in hand | 54/58 | €89,911 | €61,212 | -€28,699 | -31.9% |
| Deferred charges and accrued income | 490/1 | €1,872 | - | -€1,872 | |
| Total equity and liabilities | 10/49 | €162,059 | €178,006 | +€15,947 | +9.8% |
| Equity | 10/15 | €119,796 | €91,427 | -€28,369 | -23.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,796 | €89,427 | -€28,369 | -24.1% |
| Amounts payable | 17/49 | €42,264 | €86,579 | +€44,315 | +105% |
| Amounts payable after more than one year | 17 | €17,259 | €10,487 | -€6,772 | -39.2% |
| Financial debts | 170/4 | €13,702 | €7,042 | -€6,660 | -48.6% |
| Other amounts payable | 178/9 | €3,558 | €3,445 | -€112 | -3.2% |
| Amounts payable within one year | 42/48 | €25,004 | €76,091 | +€51,087 | +204% |
| Current portion of amounts payable after more than one year | 42 | €6,298 | €6,660 | +€361 | +5.7% |
| Trade debts | 44 | €7,523 | €9,432 | +€1,909 | +25.4% |
| Suppliers | 440/4 | €7,523 | €9,432 | +€1,909 | +25.4% |
| Taxes, remuneration and social security | 45 | €11,183 | - | -€11,183 | |
| Taxes | 450/3 | €8,373 | - | -€8,373 | |
| Remuneration and social security | 454/9 | €2,810 | - | -€2,810 | |
| Other amounts payable | 47/48 | - | €60,000 | +€60,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,530 | €9,308 | +€7,778 | +508% |
| Other operating charges | 640/8 | €306 | €635 | +€329 | +108% |
| Gross operating margin | 9900 | €50,336 | €54,022 | +€3,686 | +7.3% |
| Operating profit (loss) | 9901 | €48,501 | €44,079 | -€4,422 | -9.1% |
| Financial income | 75/76B | €57 | €81 | +€24 | +41.8% |
| Recurring financial income | 75 | €57 | €81 | +€24 | +41.8% |
| Financial charges | 65/66B | €194 | €1,127 | +€932 | +480% |
| Recurring financial charges | 65 | €194 | €1,127 | +€932 | +480% |
| Profit (loss) for the period before taxes | 9903 | €48,364 | €43,034 | -€5,330 | -11.0% |
| Income taxes | 67/77 | €10,253 | €11,402 | +€1,149 | +11.2% |
| Profit (loss) for the period | 9904 | €38,111 | €31,631 | -€6,479 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,111 | €31,631 | -€6,479 | -17.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.