ROMAGES: 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.
ROMAGES
Largest movements
- Receivables within one year +€89,535
up €89,535 (+57.1%), from €156,723 to €246,257
of which Trade receivables: +€93,563
- Tangible fixed assets +€79,808
up €79,808 (+3.2%), from €2.5m to €2.6m
of which Land and buildings: +€107,064
- Other debts +€308,629
up €308,629 (+44.0%), from €701,265 to €1.0m
- Debts after one year -€100,629
down €100,629 (-19.4%), from €517,732 to €417,104
- Profit (loss) carried forward -€34,338
down €34,338, from €25,472 to -€8,866
- Gross operating margin -€20,670
down €20,670 (-10.4%), from €199,590 to €178,920
- Other operating charges +€9,978
up €9,978 (+75.1%), from €13,287 to €23,264
- Financial charges +€8,197
up €8,197 (+80.9%), from €10,138 to €18,335
- Taxes +€2,321
up €2,321 (+80.7%), from €2,875 to €5,196
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 | €2,671,227 | €2,857,742 | +€186,515 | +7.0% |
| Fixed assets | 21/28 | €2,485,448 | €2,565,256 | +€79,808 | +3.2% |
| Tangible fixed assets | 22/27 | €2,485,448 | €2,565,256 | +€79,808 | +3.2% |
| Land and buildings | 22 | €2,444,957 | €2,552,020 | +€107,064 | +4.4% |
| Furniture and vehicles | 24 | €40,492 | €13,236 | -€27,256 | -67.3% |
| Current assets | 29/58 | €185,779 | €292,486 | +€106,707 | +57.4% |
| Amounts receivable within one year | 40/41 | €156,723 | €246,257 | +€89,535 | +57.1% |
| Trade receivables | 40 | €126,980 | €220,543 | +€93,563 | +73.7% |
| Other amounts receivable | 41 | €29,743 | €25,715 | -€4,028 | -13.5% |
| Cash at bank and in hand | 54/58 | €21,344 | €35,611 | +€14,267 | +66.8% |
| Deferred charges and accrued income | 490/1 | €7,712 | €10,618 | +€2,906 | +37.7% |
| Total equity and liabilities | 10/49 | €2,671,227 | €2,857,742 | +€186,515 | +7.0% |
| Equity | 10/15 | €1,333,532 | €1,299,194 | -€34,338 | -2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,301,860 | €1,301,860 | = | 0.0% |
| Distributable reserves | 133 | €1,301,860 | €1,301,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,472 | -€8,866 | -€34,338 | |
| Amounts payable | 17/49 | €1,337,695 | €1,558,548 | +€220,853 | +16.5% |
| Amounts payable after more than one year | 17 | €517,732 | €417,104 | -€100,629 | -19.4% |
| Financial debts | 170/4 | €517,732 | €417,104 | -€100,629 | -19.4% |
| Amounts payable within one year | 42/48 | €819,963 | €1,140,204 | +€320,240 | +39.1% |
| Current portion of amounts payable after more than one year | 42 | €99,210 | €100,629 | +€1,418 | +1.4% |
| Trade debts | 44 | €6,959 | €16,021 | +€9,062 | +130.2% |
| Suppliers | 440/4 | €6,959 | €16,021 | +€9,062 | +130.2% |
| Taxes, remuneration and social security | 45 | €12,529 | €13,661 | +€1,132 | +9.0% |
| Taxes | 450/3 | €12,529 | €13,661 | +€1,132 | +9.0% |
| Other amounts payable | 47/48 | €701,265 | €1,009,893 | +€308,629 | +44.0% |
| Accrued charges and deferred income | 492/3 | - | €1,241 | +€1,241 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,461 | €166,464 | -€997 | -0.6% |
| Other operating charges | 640/8 | €13,287 | €23,264 | +€9,978 | +75.1% |
| Gross operating margin | 9900 | €199,590 | €178,920 | -€20,670 | -10.4% |
| Operating profit (loss) | 9901 | €18,843 | -€10,808 | -€29,651 | |
| Financial charges | 65/66B | €10,138 | €18,335 | +€8,197 | +80.9% |
| Recurring financial charges | 65 | €10,138 | €18,335 | +€8,197 | +80.9% |
| Profit (loss) for the period before taxes | 9903 | €8,705 | -€29,142 | -€37,848 | |
| Income taxes | 67/77 | €2,875 | €5,196 | +€2,321 | +80.7% |
| Profit (loss) for the period | 9904 | €5,830 | -€34,338 | -€40,169 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,830 | -€34,338 | -€40,169 |
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.