ROMAIN DREESSEN: 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.
What changed
ROMAIN DREESSEN
NACE 38.210, Materials recovery from waste
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€34,108
2024 · -€77,619+€43,511
Equity
€184,599
2024 · €218,707-€34,108
Cash
€27,533
2024 · €21,117+€6,416
Balance sheet total
€1.6m
2024 · €1.6m-€54,363
Largest movements
Assets
- Tangible fixed assets -€64,064
down €64,064 (-9.3%), from €691,025 to €626,962
Equity and liabilities
- Profit (loss) carried forward -€34,108
down €34,108 (-78.9%), from €43,247 to €9,139
Income statement
- Depreciation -€31,381
down €31,381 (-30.1%), from €104,390 to €73,009
- Other operating charges -€7,156
down €7,156 (-57.0%), from €12,554 to €5,398
- Gross operating margin +€2,903
up €2,903 (+7.0%), from €41,491 to €44,394
- Taxes -€1,600
new in 2025: -€1,600
- Financial charges -€472
down €472 (-21.8%), from €2,166 to €1,694
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
-€77,619
Gross operating margin
+€2,903
Depreciation
+€31,381
Other operating charges
+€7,156
Financial charges
+€472
Taxes
+€1,600
Result 2025
-€34,108
raises the result
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.
From operations
+€28,224
Investment
-€8,945
Financing
-€12,863
Cash 2024
€21,117
From operations (derived)
+€28,224
Net result for the year
-€34,108
Depreciation
+€73,009
Receivables within one year
-€3,238
Deferred charges and accrued income
-€46
Trade debts
-€3,898
Tax, wage and social debts
-€5,495
Other debts
+€2,000
Investment (derived)
-€8,945
Investment in fixed assets (net)
-€8,945
Financing
-€12,863
Debts after one year
-€9,922
Current portion of long-term debt
-€2,940
Cash 2025
€27,533
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,620,696 | €1,566,333 | -€54,363 | -3.4% |
| Fixed assets | 21/28 | €1,139,292 | €1,075,229 | -€64,064 | -5.6% |
| Tangible fixed assets | 22/27 | €691,025 | €626,962 | -€64,064 | -9.3% |
| Land and buildings | 22 | €521,594 | €499,953 | -€21,642 | -4.1% |
| Plant, machinery and equipment | 23 | €38,529 | €27,227 | -€11,303 | -29.3% |
| Furniture and vehicles | 24 | €95,730 | €69,668 | -€26,062 | -27.2% |
| Other tangible fixed assets | 26 | €35,172 | €30,114 | -€5,058 | -14.4% |
| Financial fixed assets | 28 | €448,267 | €448,267 | = | 0.0% |
| Current assets | 29/58 | €481,404 | €491,105 | +€9,701 | +2.0% |
| Stocks and contracts in progress | 3 | €378,000 | €378,000 | = | 0.0% |
| Stocks | 30/36 | €378,000 | €378,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €81,442 | €84,680 | +€3,238 | +4.0% |
| Trade receivables | 40 | €43,182 | €39,680 | -€3,502 | -8.1% |
| Other amounts receivable | 41 | €38,260 | €45,000 | +€6,740 | +17.6% |
| Cash at bank and in hand | 54/58 | €21,117 | €27,533 | +€6,416 | +30.4% |
| Deferred charges and accrued income | 490/1 | €845 | €891 | +€46 | +5.5% |
| Total equity and liabilities | 10/49 | €1,620,696 | €1,566,333 | -€54,363 | -3.4% |
| Equity | 10/15 | €218,707 | €184,599 | -€34,108 | -15.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €163,060 | €163,060 | = | 0.0% |
| Distributable reserves | 133 | €163,060 | €163,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,247 | €9,139 | -€34,108 | -78.9% |
| Amounts payable | 17/49 | €1,401,990 | €1,381,735 | -€20,255 | -1.4% |
| Amounts payable after more than one year | 17 | €61,672 | €51,750 | -€9,922 | -16.1% |
| Financial debts | 170/4 | €61,672 | €51,750 | -€9,922 | -16.1% |
| Amounts payable within one year | 42/48 | €1,340,318 | €1,329,985 | -€10,333 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €19,529 | €16,589 | -€2,940 | -15.1% |
| Trade debts | 44 | €4,063 | €165 | -€3,898 | -95.9% |
| Suppliers | 440/4 | €4,063 | €165 | -€3,898 | -95.9% |
| Taxes, remuneration and social security | 45 | €9,363 | €3,868 | -€5,495 | -58.7% |
| Taxes | 450/3 | €7,363 | €3,868 | -€3,495 | -47.5% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €1,307,362 | €1,309,362 | +€2,000 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,390 | €73,009 | -€31,381 | -30.1% |
| Other operating charges | 640/8 | €12,554 | €5,398 | -€7,156 | -57.0% |
| Gross operating margin | 9900 | €41,491 | €44,394 | +€2,903 | +7.0% |
| Operating profit (loss) | 9901 | -€75,453 | -€34,014 | +€41,439 | +54.9% |
| Financial charges | 65/66B | €2,166 | €1,694 | -€472 | -21.8% |
| Recurring financial charges | 65 | €2,166 | €1,694 | -€472 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | -€77,619 | -€35,708 | +€41,911 | +54.0% |
| Income taxes | 67/77 | - | -€1,600 | -€1,600 | |
| Profit (loss) for the period | 9904 | -€77,619 | -€34,108 | +€43,511 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,619 | -€34,108 | +€43,511 | +56.1% |
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 25 October 2026 via checked.be.