ROMAIN: 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.
ROMAIN
Largest movements
- Cash +€70,329
up €70,329 (+720.5%), from €9,761 to €80,090
mainly Net result for the year (+€150,525) and Other debts (+€60,218)
- Tangible fixed assets +€28,099
up €28,099 (+4727.0%), from €594 to €28,693
- Receivables within one year +€25,554
up €25,554 (+21.1%), from €121,000 to €146,554
- Reserves +€117,190
up €117,190 (+1254.6%), from €9,341 to €126,531
- Profit (loss) carried forward -€64,873
no longer reported in 2025 (was €64,873)
- Debts after one year -€60,370
down €60,370 (-9.3%), from €650,447 to €590,077
of which Financial debts: -€60,370
- Other debts +€60,218
up €60,218 (+1169.1%), from €5,151 to €65,369
- Tax, wage and social debts +€52,607
up €52,607 (+116.0%), from €45,340 to €97,948
of which Taxes: +€54,085
- Gross operating margin +€127,033
up €127,033 (+130.6%), from €97,251 to €224,284
- Taxes +€40,439
up €40,439 (+191.2%), from €21,149 to €61,587
- Financial income +€23,550
new in 2025: €23,550
- Financial charges +€13,098
up €13,098 (+100.7%), from €13,010 to €26,108
- Depreciation +€5,254
up €5,254 (+147.3%), from €3,567 to €8,820
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 | €862,855 | €987,382 | +€124,527 | +14.4% |
| Fixed assets | 21/28 | €732,094 | €760,193 | +€28,099 | +3.8% |
| Tangible fixed assets | 22/27 | €594 | €28,693 | +€28,099 | +4727.0% |
| Furniture and vehicles | 24 | €594 | €28,693 | +€28,099 | +4727.0% |
| Financial fixed assets | 28 | €731,500 | €731,500 | = | 0.0% |
| Current assets | 29/58 | €130,761 | €227,188 | +€96,428 | +73.7% |
| Amounts receivable within one year | 40/41 | €121,000 | €146,554 | +€25,554 | +21.1% |
| Trade receivables | 40 | €121,000 | €146,554 | +€25,554 | +21.1% |
| Cash at bank and in hand | 54/58 | €9,761 | €80,090 | +€70,329 | +720.5% |
| Deferred charges and accrued income | 490/1 | - | €545 | +€545 | |
| Total equity and liabilities | 10/49 | €862,855 | €987,382 | +€124,527 | +14.4% |
| Equity | 10/15 | €77,213 | €129,531 | +€52,317 | +67.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €9,341 | €126,531 | +€117,190 | +1254.6% |
| Distributable reserves | 133 | €9,341 | €126,531 | +€117,190 | +1254.6% |
| Profit (loss) carried forward | 14 | €64,873 | - | -€64,873 | |
| Amounts payable | 17/49 | €785,642 | €857,851 | +€72,209 | +9.2% |
| Amounts payable after more than one year | 17 | €650,447 | €590,077 | -€60,370 | -9.3% |
| Financial debts | 170/4 | €550,447 | €490,077 | -€60,370 | -11.0% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €135,194 | €267,774 | +€132,580 | +98.1% |
| Current portion of amounts payable after more than one year | 42 | €81,053 | €101,098 | +€20,045 | +24.7% |
| Trade debts | 44 | €3,650 | €3,360 | -€290 | -8.0% |
| Suppliers | 440/4 | €3,650 | €3,360 | -€290 | -8.0% |
| Taxes, remuneration and social security | 45 | €45,340 | €97,948 | +€52,607 | +116.0% |
| Taxes | 450/3 | €43,863 | €97,948 | +€54,085 | +123.3% |
| Remuneration and social security | 454/9 | €1,477 | - | -€1,477 | |
| Other amounts payable | 47/48 | €5,151 | €65,369 | +€60,218 | +1169.1% |
| Non-recurring operating income | 76A | - | €156 | +€156 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,567 | €8,820 | +€5,254 | +147.3% |
| Other operating charges | 640/8 | €722 | €793 | +€71 | +9.9% |
| Gross operating margin | 9900 | €97,251 | €224,284 | +€127,033 | +130.6% |
| Operating profit (loss) | 9901 | €92,962 | €214,671 | +€121,708 | +130.9% |
| Financial income | 75/76B | - | €23,550 | +€23,550 | |
| Recurring financial income | 75 | - | €23,550 | +€23,550 | |
| Financial charges | 65/66B | €13,010 | €26,108 | +€13,098 | +100.7% |
| Recurring financial charges | 65 | €13,010 | €26,108 | +€13,098 | +100.7% |
| Profit (loss) for the period before taxes | 9903 | €79,953 | €212,113 | +€132,160 | +165.3% |
| Income taxes | 67/77 | €21,149 | €61,587 | +€40,439 | +191.2% |
| Profit (loss) for the period | 9904 | €58,804 | €150,525 | +€91,721 | +156.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,804 | €150,525 | +€91,721 | +156.0% |
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 29 September 2026 via checked.be.