ROMADEL: 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.
ROMADEL
Largest movements
- Receivables within one year +€423,756
up €423,756 (+335.0%), from €126,498 to €550,254
of which Trade receivables: +€274,275
- Tangible fixed assets -€308,608
down €308,608 (-6.6%), from €4.7m to €4.4m
of which Land and buildings: -€260,084
- Cash -€113,842
down €113,842 (-13.9%), from €818,497 to €704,656
mainly Receivables within one year (-€423,756) and Net result for the year (-€133,504)
- Profit (loss) carried forward -€133,504
down €133,504 (-4.4%), from -€3.0m to -€3.2m
- Trade debts +€87,780
up €87,780 (+55.0%), from €159,613 to €247,393
- Gross operating margin +€107,550
up €107,550 (+63.6%), from €169,036 to €276,587
- Staff costs -€12,967
down €12,967, from €12,946 to -€22
- Other operating charges +€4,105
up €4,105 (+4.8%), from €85,076 to €89,181
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,649,704 | €5,651,132 | +€1,428 | 0.0% |
| Fixed assets | 21/28 | €4,682,383 | €4,373,726 | -€308,657 | -6.6% |
| Tangible fixed assets | 22/27 | €4,682,334 | €4,373,726 | -€308,608 | -6.6% |
| Land and buildings | 22 | €4,306,486 | €4,046,402 | -€260,084 | -6.0% |
| Plant, machinery and equipment | 23 | €375,848 | €327,324 | -€48,524 | -12.9% |
| Financial fixed assets | 28 | €50 | €0 | -€50 | -100.0% |
| Current assets | 29/58 | €967,321 | €1,277,406 | +€310,085 | +32.1% |
| Amounts receivable within one year | 40/41 | €126,498 | €550,254 | +€423,756 | +335.0% |
| Trade receivables | 40 | €38,749 | €313,024 | +€274,275 | +707.8% |
| Other amounts receivable | 41 | €87,749 | €237,230 | +€149,481 | +170.4% |
| Cash at bank and in hand | 54/58 | €818,497 | €704,656 | -€113,842 | -13.9% |
| Deferred charges and accrued income | 490/1 | €22,326 | €22,496 | +€170 | +0.8% |
| Total equity and liabilities | 10/49 | €5,649,704 | €5,651,132 | +€1,428 | 0.0% |
| Equity | 10/15 | -€2,668,260 | -€2,801,764 | -€133,504 | -5.0% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €694 | €694 | = | 0.0% |
| Non-distributable reserves | 130/1 | €694 | €694 | = | 0.0% |
| Legal reserve | 130 | €694 | €694 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,018,954 | -€3,152,458 | -€133,504 | -4.4% |
| Amounts payable | 17/49 | €8,317,964 | €8,452,896 | +€134,932 | +1.6% |
| Amounts payable after more than one year | 17 | €8,084,449 | €8,085,840 | +€1,391 | 0.0% |
| Financial debts | 170/4 | €8,075,030 | €8,075,030 | = | 0.0% |
| Other amounts payable | 178/9 | €9,419 | €10,810 | +€1,391 | +14.8% |
| Amounts payable within one year | 42/48 | €233,444 | €367,056 | +€133,612 | +57.2% |
| Current portion of amounts payable after more than one year | 42 | - | €525 | +€525 | |
| Trade debts | 44 | €159,613 | €247,393 | +€87,780 | +55.0% |
| Suppliers | 440/4 | €159,613 | €247,393 | +€87,780 | +55.0% |
| Advances received on contracts in progress | 46 | €10,046 | €8,967 | -€1,079 | -10.7% |
| Taxes, remuneration and social security | 45 | €2,525 | €1,818 | -€707 | -28.0% |
| Taxes | 450/3 | €1,672 | €1,818 | +€146 | +8.8% |
| Remuneration and social security | 454/9 | €853 | €0 | -€853 | -100.0% |
| Other amounts payable | 47/48 | €61,260 | €108,354 | +€47,094 | +76.9% |
| Accrued charges and deferred income | 492/3 | €72 | €0 | -€72 | -100.0% |
| Non-recurring operating income | 76A | - | €151,656 | +€151,656 | |
| Remuneration, social security and pensions | 62 | €12,946 | -€22 | -€12,967 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €318,471 | €319,321 | +€850 | +0.3% |
| Other operating charges | 640/8 | €85,076 | €89,181 | +€4,105 | +4.8% |
| Gross operating margin | 9900 | €169,036 | €276,587 | +€107,550 | +63.6% |
| Operating profit (loss) | 9901 | -€247,457 | -€131,894 | +€115,563 | +46.7% |
| Financial income | 75/76B | €763 | €15 | -€748 | -98.0% |
| Recurring financial income | 75 | €763 | €15 | -€748 | -98.0% |
| Financial charges | 65/66B | €2,541 | €1,625 | -€916 | -36.1% |
| Recurring financial charges | 65 | €2,541 | €1,625 | -€916 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | -€249,236 | -€133,504 | +€115,732 | +46.4% |
| Profit (loss) for the period | 9904 | -€249,236 | -€133,504 | +€115,732 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€249,236 | -€133,504 | +€115,732 | +46.4% |
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 8 October 2026 via checked.be.