ROMACOR: 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
ROMACOR
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€971,221
2024 · €848,467+€122,753
Equity
€6.8m
2024 · €5.8m+€971,221
Cash
€1.1m
2024 · €1.0m+€73,807
Balance sheet total
€7.5m
2024 · €7.3m+€242,039
Largest movements
Assets
- Current investments +€517,147
up €517,147 (+38.1%), from €1.4m to €1.9m
- Tangible fixed assets -€340,970
down €340,970 (-7.4%), from €4.6m to €4.3m
of which Land and buildings: -€470,090
Equity and liabilities
- Reserves +€971,221
up €971,221 (+16.8%), from €5.8m to €6.8m
- Other debts -€470,164
down €470,164 (-51.3%), from €916,480 to €446,315
- Debts after one year -€180,071
no longer reported in 2025 (was €180,071)
Income statement
- Gross operating margin +€267,222
up €267,222 (+19.6%), from €1.4m to €1.6m
- Taxes +€70,232
up €70,232 (+18.8%), from €373,857 to €444,089
- Financial charges +€45,127
up €45,127, from -€40,225 to €4,901
- Financial income -€16,917
down €16,917 (-33.2%), from €50,975 to €34,058
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
€848,467
Gross operating margin
+€267,222
Staff costs
-€2,584
Depreciation
-€6,040
Other operating charges
-€3,570
Financial income
-€16,917
Financial charges
-€45,127
Taxes
-€70,232
Result 2025
€971,221
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
+€664,767
Investment
-€354,310
Financing
-€236,650
Cash 2024
€1.0m
From operations (derived)
+€664,767
Net result for the year
+€971,221
Depreciation
+€178,134
Receivables within one year
+€7,945
Trade debts
-€13,462
Tax, wage and social debts
-€10,446
Other debts
-€470,164
Accrued charges and deferred income
+€1,540
Investment (derived)
-€354,310
Investment in fixed assets (net)
+€162,837
Current investments
-€517,147
Financing
-€236,650
Debts after one year
-€180,071
Current portion of long-term debt
-€56,579
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,252,137 | €7,494,176 | +€242,039 | +3.3% |
| Fixed assets | 21/28 | €4,623,451 | €4,282,481 | -€340,970 | -7.4% |
| Tangible fixed assets | 22/27 | €4,623,360 | €4,282,390 | -€340,970 | -7.4% |
| Land and buildings | 22 | €3,842,816 | €3,372,726 | -€470,090 | -12.2% |
| Plant, machinery and equipment | 23 | €406,903 | €522,608 | +€115,705 | +28.4% |
| Furniture and vehicles | 24 | €66,392 | €98,630 | +€32,237 | +48.6% |
| Other tangible fixed assets | 26 | €307,249 | €288,426 | -€18,823 | -6.1% |
| Financial fixed assets | 28 | €91 | €91 | = | 0.0% |
| Current assets | 29/58 | €2,628,687 | €3,211,695 | +€583,009 | +22.2% |
| Amounts receivable within one year | 40/41 | €234,897 | €226,952 | -€7,945 | -3.4% |
| Trade receivables | 40 | €2,752 | €21,862 | +€19,110 | +694.4% |
| Other amounts receivable | 41 | €232,145 | €205,091 | -€27,054 | -11.7% |
| Current investments | 50/53 | €1,359,108 | €1,876,254 | +€517,147 | +38.1% |
| Cash at bank and in hand | 54/58 | €1,034,682 | €1,108,489 | +€73,807 | +7.1% |
| Total equity and liabilities | 10/49 | €7,252,137 | €7,494,176 | +€242,039 | +3.3% |
| Equity | 10/15 | €5,802,672 | €6,773,893 | +€971,221 | +16.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €5,790,272 | €6,761,493 | +€971,221 | +16.8% |
| Distributable reserves | 133 | €5,790,272 | €6,761,493 | +€971,221 | +16.8% |
| Amounts payable | 17/49 | €1,449,465 | €720,283 | -€729,182 | -50.3% |
| Amounts payable after more than one year | 17 | €180,071 | - | -€180,071 | |
| Financial debts | 170/4 | €180,071 | - | -€180,071 | |
| Amounts payable within one year | 42/48 | €1,269,394 | €718,743 | -€550,651 | -43.4% |
| Current portion of amounts payable after more than one year | 42 | €56,579 | - | -€56,579 | |
| Trade debts | 44 | €47,330 | €33,868 | -€13,462 | -28.4% |
| Suppliers | 440/4 | €47,330 | €33,868 | -€13,462 | -28.4% |
| Taxes, remuneration and social security | 45 | €249,006 | €238,560 | -€10,446 | -4.2% |
| Taxes | 450/3 | €242,925 | €232,156 | -€10,768 | -4.4% |
| Remuneration and social security | 454/9 | €6,081 | €6,403 | +€322 | +5.3% |
| Other amounts payable | 47/48 | €916,480 | €446,315 | -€470,164 | -51.3% |
| Accrued charges and deferred income | 492/3 | - | €1,540 | +€1,540 | |
| Non-recurring operating income | 76A | - | €165,885 | +€165,885 | |
| Remuneration, social security and pensions | 62 | €30,139 | €32,723 | +€2,584 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,094 | €178,134 | +€6,040 | +3.5% |
| Other operating charges | 640/8 | €32,766 | €36,336 | +€3,570 | +10.9% |
| Gross operating margin | 9900 | €1,366,123 | €1,633,345 | +€267,222 | +19.6% |
| Operating profit (loss) | 9901 | €1,131,124 | €1,386,153 | +€255,029 | +22.5% |
| Financial income | 75/76B | €50,975 | €34,058 | -€16,917 | -33.2% |
| Recurring financial income | 75 | €50,975 | €34,058 | -€16,917 | -33.2% |
| Financial charges | 65/66B | -€40,225 | €4,901 | +€45,127 | |
| Recurring financial charges | 65 | -€40,225 | €4,901 | +€45,127 | |
| Profit (loss) for the period before taxes | 9903 | €1,222,324 | €1,415,309 | +€192,985 | +15.8% |
| Income taxes | 67/77 | €373,857 | €444,089 | +€70,232 | +18.8% |
| Profit (loss) for the period | 9904 | €848,467 | €971,221 | +€122,753 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €848,467 | €971,221 | +€122,753 | +14.5% |
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 6 October 2026 via checked.be.