ROM: 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.
What changed
ROM
NACE 31.004, Manufacture of dining room, living room, bedroom and bathroom furniture
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€83,931
2024 · -€2.0m+€2.1m
Equity
-€4.6m
2024 · -€4.7m+€83,931
Cash
€1.3m
2024 · €286,842+€967,797
Balance sheet total
€15.9m
2024 · €15.9m-€52,375
Largest movements
Assets
- Cash +€967,797
up €967,797 (+337.4%), from €286,842 to €1.3m
mainly Debts after one year (+€1.1m) and Depreciation (+€998,959)
- Intangible fixed assets -€807,389
down €807,389 (-16.2%), from €5.0m to €4.2m
Equity and liabilities
- Debts after one year +€1.1m
up €1.1m (+19.2%), from €5.7m to €6.8m
- Trade debts -€731,071
down €731,071 (-17.9%), from €4.1m to €3.4m
- Short-term financial debts -€571,210
down €571,210 (-10.9%), from €5.3m to €4.7m
Income statement
- Goods and materials -€2.6m
down €2.6m (-7.8%), from €32.9m to €30.4m
of which Purchases: -€2.6m
- Turnover -€2.5m
down €2.5m (-5.1%), from €50.0m to €47.5m
- Services and other goods -€1.6m
down €1.6m (-12.5%), from €12.6m to €11.0m
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
-€2.0m
Turnover
-€2.5m
Other operating income
-€14,206
Goods and materials
+€2.6m
Services and other goods
+€1.6m
Staff costs
+€372,567
Depreciation
+€32,919
Write-downs
+€275,339
Other operating charges
+€2,779
Other operating items
-€188,093
Financial income
-€66,995
Financial charges
+€86,005
Taxes
-€15,023
Result 2025
€83,931
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.
From operations
+€409,825
Investment
-€63,708
Financing
+€621,680
Cash 2024
€286,842
From operations (derived)
+€409,825
Net result for the year
+€83,931
Depreciation
+€998,959
Stocks and contracts
+€4,781
Receivables within one year
+€111,773
Deferred charges and accrued income
-€31,634
Trade debts
-€731,071
Tax, wage and social debts
-€74,211
Accrued charges and deferred income
+€47,297
Investment (derived)
-€63,708
Investment in fixed assets (net)
-€63,708
Financing
+€621,680
Debts after one year
+€1.1m
Current portion of long-term debt
+€101,345
Short-term financial debts
-€571,210
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,925,934 | €15,873,559 | -€52,375 | -0.3% |
| Fixed assets | 21/28 | €9,503,146 | €8,567,895 | -€935,251 | -9.8% |
| Intangible fixed assets | 21 | €4,976,064 | €4,168,674 | -€807,389 | -16.2% |
| Tangible fixed assets | 22/27 | €397,507 | €256,621 | -€140,886 | -35.4% |
| Plant, machinery and equipment | 23 | €6,067 | €3,027 | -€3,040 | -50.1% |
| Furniture and vehicles | 24 | €102,847 | €66,151 | -€36,696 | -35.7% |
| Other tangible fixed assets | 26 | €251,093 | €187,443 | -€63,650 | -25.3% |
| Assets under construction and advance payments | 27 | €37,500 | - | -€37,500 | |
| Financial fixed assets | 28 | €4,129,575 | €4,142,599 | +€13,024 | +0.3% |
| Affiliated companies | 280/1 | €4,117,699 | €4,117,699 | = | 0.0% |
| Participating interests | 280 | €2,582,699 | €2,582,699 | = | 0.0% |
| Amounts receivable | 281 | €1,535,000 | €1,535,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €11,876 | €24,900 | +€13,024 | +109.7% |
| Amounts receivable and cash guarantees | 285/8 | €11,876 | €24,900 | +€13,024 | +109.7% |
| Current assets | 29/58 | €6,422,788 | €7,305,664 | +€882,876 | +13.7% |
| Stocks and contracts in progress | 3 | €46,579 | €41,798 | -€4,781 | -10.3% |
| Stocks | 30/36 | €46,579 | €41,798 | -€4,781 | -10.3% |
| Finished goods | 33 | €39,023 | €39,930 | +€908 | +2.3% |
| Goods purchased for resale | 34 | €7,557 | €1,868 | -€5,689 | -75.3% |
| Amounts receivable within one year | 40/41 | €6,006,173 | €5,894,400 | -€111,773 | -1.9% |
| Trade receivables | 40 | €3,603,272 | €3,437,327 | -€165,945 | -4.6% |
| Other amounts receivable | 41 | €2,402,901 | €2,457,073 | +€54,172 | +2.3% |
| Cash at bank and in hand | 54/58 | €286,842 | €1,254,639 | +€967,797 | +337.4% |
| Deferred charges and accrued income | 490/1 | €83,193 | €114,827 | +€31,634 | +38.0% |
| Total equity and liabilities | 10/49 | €15,925,934 | €15,873,559 | -€52,375 | -0.3% |
| Equity | 10/15 | -€4,655,580 | -€4,571,650 | +€83,931 | +1.8% |
| Contributions | 10/11 | €1,850,000 | €1,850,000 | = | 0.0% |
| Capital | 10 | €1,850,000 | €1,850,000 | = | 0.0% |
| Issued capital | 100 | €1,850,000 | €1,850,000 | = | 0.0% |
| Reserves | 13 | €251,799 | €251,799 | = | 0.0% |
| Non-distributable reserves | 130/1 | €175,000 | €175,000 | = | 0.0% |
| Legal reserve | 130 | €175,000 | €175,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,695 | €23,695 | = | 0.0% |
| Distributable reserves | 133 | €53,103 | €53,103 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,757,379 | -€6,673,448 | +€83,931 | +1.2% |
| Amounts payable | 17/49 | €20,581,514 | €20,445,209 | -€136,305 | -0.7% |
| Amounts payable after more than one year | 17 | €5,671,573 | €6,763,117 | +€1.1m | +19.2% |
| Financial debts | 170/4 | €5,671,573 | €6,763,117 | +€1.1m | +19.2% |
| Subordinated loans | 170 | €1,150,000 | €1,332,580 | +€182,580 | +15.9% |
| Unsubordinated bonds | 171 | - | €1,500,000 | +€1.5m | |
| Credit institutions | 173 | €2,360,115 | €1,651,579 | -€708,536 | -30.0% |
| Other loans | 174 | €2,161,458 | €2,278,958 | +€117,500 | +5.4% |
| Amounts payable within one year | 42/48 | €14,864,058 | €13,588,911 | -€1.3m | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €2,378,472 | €2,479,817 | +€101,345 | +4.3% |
| Financial debts | 43 | €5,250,263 | €4,679,054 | -€571,210 | -10.9% |
| Credit institutions | 430/8 | €5,250,263 | €4,679,054 | -€571,210 | -10.9% |
| Trade debts | 44 | €4,095,361 | €3,364,290 | -€731,071 | -17.9% |
| Suppliers | 440/4 | €4,095,361 | €3,364,290 | -€731,071 | -17.9% |
| Taxes, remuneration and social security | 45 | €679,353 | €605,142 | -€74,211 | -10.9% |
| Taxes | 450/3 | €197,037 | €181,610 | -€15,427 | -7.8% |
| Remuneration and social security | 454/9 | €482,316 | €423,531 | -€58,784 | -12.2% |
| Other amounts payable | 47/48 | €2,460,609 | €2,460,609 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €45,883 | €93,180 | +€47,297 | +103.1% |
| Operating income | 70/76A | €51,012,477 | €48,272,343 | -€2.7m | -5.4% |
| Turnover | 70 | €50,041,706 | €47,503,871 | -€2.5m | -5.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€4,455 | €908 | +€5,363 | |
| Other operating income | 74 | €767,611 | €753,405 | -€14,206 | -1.9% |
| Non-recurring operating income | 76A | €207,614 | €14,159 | -€193,456 | -93.2% |
| Operating charges | 60/66A | €51,144,334 | €46,311,796 | -€4.8m | -9.4% |
| Goods for resale, raw materials and consumables | 60 | €32,928,715 | €30,358,684 | -€2.6m | -7.8% |
| Purchases | 600/8 | €32,931,017 | €30,353,603 | -€2.6m | -7.8% |
| Change in stocks: decrease (increase) | 609 | -€2,302 | €5,080 | +€7,383 | |
| Services and other goods | 61 | €12,615,404 | €11,036,501 | -€1.6m | -12.5% |
| Remuneration, social security and pensions | 62 | €4,311,126 | €3,938,559 | -€372,567 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,031,878 | €998,959 | -€32,919 | -3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €246,207 | -€29,131 | -€275,339 | |
| Other operating charges | 640/8 | €11,004 | €8,225 | -€2,779 | -25.3% |
| Operating profit (loss) | 9901 | -€131,858 | €1,960,546 | +€2.1m | |
| Financial income | 75/76B | €464,427 | €397,431 | -€66,995 | -14.4% |
| Recurring financial income | 75 | €464,427 | €397,431 | -€66,995 | -14.4% |
| Income from financial fixed assets | 750 | €375,000 | €300,000 | -€75,000 | -20.0% |
| Income from current assets | 751 | €73,393 | €73,193 | -€201 | -0.3% |
| Other financial income | 752/9 | €16,034 | €24,239 | +€8,205 | +51.2% |
| Financial charges | 65/66B | €2,328,008 | €2,242,002 | -€86,005 | -3.7% |
| Recurring financial charges | 65 | €2,328,008 | €2,242,002 | -€86,005 | -3.7% |
| Debt charges | 650 | €708,450 | €715,135 | +€6,684 | +0.9% |
| Other financial charges | 652/9 | €1,619,557 | €1,526,868 | -€92,689 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,995,439 | €115,975 | +€2.1m | |
| Income taxes | 67/77 | €17,022 | €32,045 | +€15,023 | +88.3% |
| Taxes | 670/3 | €17,022 | €32,045 | +€15,023 | +88.3% |
| Profit (loss) for the period | 9904 | -€2,012,461 | €83,931 | +€2.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,012,461 | €83,931 | +€2.1m |
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 4 October 2026 via checked.be.