ROM: 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.
ROM
Largest movements
- Tangible fixed assets -€49,860
down €49,860 (-18.8%), from €265,382 to €215,522
of which Leasing and similar rights: -€35,297
- Receivables within one year +€40,893
up €40,893 (+27.1%), from €150,704 to €191,597
of which Trade receivables: +€23,082
- Cash +€5,107
up €5,107 (+9.6%), from €53,449 to €58,555
mainly Depreciation (+€52,294) and Tax, wage and social debts (+€49,690)
- Tax, wage and social debts +€49,690
up €49,690 (+106%), from €46,685 to €96,375
of which Taxes: +€32,684
- Debts after one year -€45,770
down €45,770 (-35.5%), from €128,768 to €82,998
- Trade debts -€32,231
down €32,231 (-27.1%), from €119,069 to €86,838
- Reserves +€19,731
new in 2025: €19,731
- Profit (loss) carried forward +€9,745
no longer reported in 2025 (was -€9,745)
- Gross operating margin +€83,548
up €83,548 (+30.6%), from €273,291 to €356,840
- Write-downs -€57,070
no longer reported in 2025 (was €57,070)
- Staff costs +€40,117
up €40,117 (+28.2%), from €142,307 to €182,424
- Taxes +€22,586
up €22,586 (+695%), from €3,248 to €25,834
- Depreciation +€20,863
up €20,863 (+66.4%), from €31,431 to €52,294
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 | €483,820 | €479,960 | -€3,860 | -0.8% |
| Fixed assets | 21/28 | €279,667 | €229,807 | -€49,860 | -17.8% |
| Tangible fixed assets | 22/27 | €265,382 | €215,522 | -€49,860 | -18.8% |
| Land and buildings | 22 | €149,632 | €140,198 | -€9,434 | -6.3% |
| Plant, machinery and equipment | 23 | €6,251 | €6,358 | +€107 | +1.7% |
| Furniture and vehicles | 24 | €8,720 | €3,484 | -€5,237 | -60.1% |
| Leasing and similar rights | 25 | €100,779 | €65,482 | -€35,297 | -35.0% |
| Financial fixed assets | 28 | €14,285 | €14,285 | = | 0.0% |
| Current assets | 29/58 | €204,153 | €250,153 | +€46,000 | +22.5% |
| Amounts receivable within one year | 40/41 | €150,704 | €191,597 | +€40,893 | +27.1% |
| Trade receivables | 40 | €89,866 | €112,948 | +€23,082 | +25.7% |
| Other amounts receivable | 41 | €60,839 | €78,650 | +€17,811 | +29.3% |
| Cash at bank and in hand | 54/58 | €53,449 | €58,555 | +€5,107 | +9.6% |
| Total equity and liabilities | 10/49 | €483,820 | €479,960 | -€3,860 | -0.8% |
| Equity | 10/15 | €142,255 | €171,731 | +€29,476 | +20.7% |
| Contributions | 10/11 | €152,000 | €152,000 | = | 0.0% |
| Reserves | 13 | - | €19,731 | +€19,731 | |
| Distributable reserves | 133 | - | €19,731 | +€19,731 | |
| Profit (loss) carried forward | 14 | -€9,745 | - | +€9,745 | |
| Amounts payable | 17/49 | €341,565 | €308,229 | -€33,336 | -9.8% |
| Amounts payable after more than one year | 17 | €128,768 | €82,998 | -€45,770 | -35.5% |
| Financial debts | 170/4 | €128,768 | €82,998 | -€45,770 | -35.5% |
| Amounts payable within one year | 42/48 | €210,498 | €225,231 | +€14,733 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €44,744 | €42,018 | -€2,726 | -6.1% |
| Trade debts | 44 | €119,069 | €86,838 | -€32,231 | -27.1% |
| Suppliers | 440/4 | €119,069 | €86,838 | -€32,231 | -27.1% |
| Taxes, remuneration and social security | 45 | €46,685 | €96,375 | +€49,690 | +106% |
| Taxes | 450/3 | €36,218 | €68,902 | +€32,684 | +90.2% |
| Remuneration and social security | 454/9 | €10,467 | €27,473 | +€17,005 | +162% |
| Accrued charges and deferred income | 492/3 | €2,300 | - | -€2,300 | |
| Non-recurring operating income | 76A | €1,070 | €12,169 | +€11,099 | +1,037% |
| Remuneration, social security and pensions | 62 | €142,307 | €182,424 | +€40,117 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,431 | €52,294 | +€20,863 | +66.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €57,070 | - | -€57,070 | |
| Other operating charges | 640/8 | €10,237 | €2,642 | -€7,595 | -74.2% |
| Non-recurring operating charges | 66A | €11,210 | €57,232 | +€46,023 | +411% |
| Gross operating margin | 9900 | €273,291 | €356,840 | +€83,548 | +30.6% |
| Operating profit (loss) | 9901 | €21,037 | €62,248 | +€41,211 | +196% |
| Financial income | 75/76B | €2 | €3,763 | +€3,761 | +204,403% |
| Recurring financial income | 75 | €2 | €3,763 | +€3,761 | +204,403% |
| Financial charges | 65/66B | €13,275 | €10,701 | -€2,574 | -19.4% |
| Recurring financial charges | 65 | €13,275 | €10,701 | -€2,574 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €7,764 | €55,310 | +€47,546 | +612% |
| Income taxes | 67/77 | €3,248 | €25,834 | +€22,586 | +695% |
| Profit (loss) for the period | 9904 | €4,516 | €29,476 | +€24,960 | +553% |
| Profit (loss) for the period to be appropriated | 9905 | €4,516 | €29,476 | +€24,960 | +553% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.