ROMAIN BOIS: 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.
ROMAIN BOIS
Largest movements
- Tangible fixed assets +€48,878
up €48,878 (+52.3%), from €93,476 to €142,354
of which Plant, machinery and equipment: +€75,440
- Stocks and contracts +€36,980
up €36,980 (+15.0%), from €245,949 to €282,928
- Cash -€32,178
down €32,178 (-13.0%), from €247,017 to €214,839
mainly Investment in fixed assets (net) (-€89,927) and Other debts (-€61,843)
- Receivables within one year +€22,293
up €22,293 (+132%), from €16,879 to €39,172
of which Other amounts receivable: +€22,889
- Debts after one year +€72,831
up €72,831 (+191%), from €38,212 to €111,043
- Reserves +€67,075
up €67,075 (+24.9%), from €269,114 to €336,189
of which Distributable reserves: +€67,075
- Other debts -€61,843
down €61,843 (-95.2%), from €64,931 to €3,088
- Tax, wage and social debts -€21,262
down €21,262 (-57.0%), from €37,313 to €16,051
of which Taxes: -€27,092
- Trade debts +€16,088
up €16,088 (+22.4%), from €71,735 to €87,823
- Gross operating margin +€32,451
up €32,451 (+15.6%), from €207,979 to €240,430
- Taxes +€6,649
up €6,649 (+28.6%), from €23,281 to €29,930
- Depreciation +€6,028
up €6,028 (+17.2%), from €35,020 to €41,049
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 | €611,666 | €681,664 | +€69,997 | +11.4% |
| Fixed assets | 21/28 | €93,882 | €142,761 | +€48,878 | +52.1% |
| Tangible fixed assets | 22/27 | €93,476 | €142,354 | +€48,878 | +52.3% |
| Plant, machinery and equipment | 23 | €24,796 | €100,236 | +€75,440 | +304% |
| Furniture and vehicles | 24 | €68,680 | €42,118 | -€26,562 | -38.7% |
| Financial fixed assets | 28 | €407 | €407 | = | 0.0% |
| Current assets | 29/58 | €517,784 | €538,903 | +€21,119 | +4.1% |
| Stocks and contracts in progress | 3 | €245,949 | €282,928 | +€36,980 | +15.0% |
| Stocks | 30/36 | €245,949 | €282,928 | +€36,980 | +15.0% |
| Amounts receivable within one year | 40/41 | €16,879 | €39,172 | +€22,293 | +132% |
| Trade receivables | 40 | €14,518 | €13,922 | -€596 | -4.1% |
| Other amounts receivable | 41 | €2,361 | €25,250 | +€22,889 | +970% |
| Cash at bank and in hand | 54/58 | €247,017 | €214,839 | -€32,178 | -13.0% |
| Deferred charges and accrued income | 490/1 | €7,939 | €1,964 | -€5,976 | -75.3% |
| Total equity and liabilities | 10/49 | €611,666 | €681,664 | +€69,997 | +11.4% |
| Equity | 10/15 | €331,543 | €398,618 | +€67,075 | +20.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €269,114 | €336,189 | +€67,075 | +24.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €262,914 | €329,989 | +€67,075 | +25.5% |
| Profit (loss) carried forward | 14 | €429 | €429 | = | 0.0% |
| Amounts payable | 17/49 | €280,123 | €283,045 | +€2,922 | +1.0% |
| Amounts payable after more than one year | 17 | €38,212 | €111,043 | +€72,831 | +191% |
| Financial debts | 170/4 | €38,212 | €111,043 | +€72,831 | +191% |
| Amounts payable within one year | 42/48 | €241,819 | €171,905 | -€69,914 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €54,225 | €52,543 | -€1,682 | -3.1% |
| Trade debts | 44 | €71,735 | €87,823 | +€16,088 | +22.4% |
| Suppliers | 440/4 | €71,735 | €87,823 | +€16,088 | +22.4% |
| Advances received on contracts in progress | 46 | €13,615 | €12,400 | -€1,215 | -8.9% |
| Taxes, remuneration and social security | 45 | €37,313 | €16,051 | -€21,262 | -57.0% |
| Taxes | 450/3 | €29,523 | €2,431 | -€27,092 | -91.8% |
| Remuneration and social security | 454/9 | €7,790 | €13,620 | +€5,830 | +74.8% |
| Other amounts payable | 47/48 | €64,931 | €3,088 | -€61,843 | -95.2% |
| Accrued charges and deferred income | 492/3 | €91 | €97 | +€6 | +6.4% |
| Remuneration, social security and pensions | 62 | €92,232 | €94,017 | +€1,785 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,020 | €41,049 | +€6,028 | +17.2% |
| Other operating charges | 640/8 | €2,091 | €2,093 | +€2 | +0.1% |
| Non-recurring operating charges | 66A | €1,720 | - | -€1,720 | |
| Gross operating margin | 9900 | €207,979 | €240,430 | +€32,451 | +15.6% |
| Operating profit (loss) | 9901 | €76,917 | €103,273 | +€26,356 | +34.3% |
| Financial income | 75/76B | €2 | €46 | +€44 | +1,943% |
| Recurring financial income | 75 | €2 | €46 | +€44 | +1,943% |
| Financial charges | 65/66B | €7,452 | €6,314 | -€1,138 | -15.3% |
| Recurring financial charges | 65 | €7,452 | €5,397 | -€2,054 | -27.6% |
| Non-recurring financial charges | 66B | - | €916 | +€916 | |
| Profit (loss) for the period before taxes | 9903 | €69,467 | €97,005 | +€27,538 | +39.6% |
| Income taxes | 67/77 | €23,281 | €29,930 | +€6,649 | +28.6% |
| Profit (loss) for the period | 9904 | €46,187 | €67,075 | +€20,889 | +45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,187 | €67,075 | +€20,889 | +45.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.