ROMAIN LOUIS: 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 LOUIS
Largest movements
- Cash +€32,583
up €32,583 (+74.8%), from €43,571 to €76,155
mainly Net result for the year (+€28,614) and Depreciation (+€8,752)
- Deferred charges and accrued income -€8,456
down €8,456 (-79.2%), from €10,670 to €2,214
- Tangible fixed assets -€4,850
down €4,850 (-17.0%), from €28,471 to €23,622
of which Furniture and vehicles: -€4,566
- Profit (loss) carried forward +€28,614
up €28,614 (+82.9%), from €34,536 to €63,150
- Debts after one year -€6,220
down €6,220 (-41.1%), from €15,137 to €8,917
- Tax, wage and social debts -€3,873
down €3,873 (-29.6%), from €13,091 to €9,219
- Gross operating margin -€6,229
down €6,229 (-11.5%), from €53,977 to €47,747
- Taxes -€1,319
down €1,319 (-12.8%), from €10,306 to €8,987
- Depreciation +€1,279
up €1,279 (+17.1%), from €7,473 to €8,752
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 | €96,855 | €116,133 | +€19,278 | +19.9% |
| Fixed assets | 21/28 | €42,614 | €37,764 | -€4,850 | -11.4% |
| Tangible fixed assets | 22/27 | €28,471 | €23,622 | -€4,850 | -17.0% |
| Plant, machinery and equipment | 23 | €443 | €160 | -€283 | -64.0% |
| Furniture and vehicles | 24 | €28,028 | €23,462 | -€4,566 | -16.3% |
| Financial fixed assets | 28 | €14,143 | €14,143 | = | 0.0% |
| Current assets | 29/58 | €54,241 | €78,369 | +€24,128 | +44.5% |
| Cash at bank and in hand | 54/58 | €43,571 | €76,155 | +€32,583 | +74.8% |
| Deferred charges and accrued income | 490/1 | €10,670 | €2,214 | -€8,456 | -79.2% |
| Total equity and liabilities | 10/49 | €96,855 | €116,133 | +€19,278 | +19.9% |
| Equity | 10/15 | €60,843 | €89,457 | +€28,614 | +47.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €24,307 | €24,307 | = | 0.0% |
| Distributable reserves | 133 | €24,307 | €24,307 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,536 | €63,150 | +€28,614 | +82.9% |
| Amounts payable | 17/49 | €36,012 | €26,676 | -€9,336 | -25.9% |
| Amounts payable after more than one year | 17 | €15,137 | €8,917 | -€6,220 | -41.1% |
| Financial debts | 170/4 | €15,137 | €8,917 | -€6,220 | -41.1% |
| Amounts payable within one year | 42/48 | €20,747 | €17,602 | -€3,145 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €5,908 | €6,220 | +€312 | +5.3% |
| Trade debts | 44 | €936 | €1,468 | +€531 | +56.7% |
| Suppliers | 440/4 | €936 | €1,468 | +€531 | +56.7% |
| Taxes, remuneration and social security | 45 | €13,091 | €9,219 | -€3,873 | -29.6% |
| Taxes | 450/3 | €13,091 | €9,219 | -€3,873 | -29.6% |
| Other amounts payable | 47/48 | €811 | €695 | -€116 | -14.2% |
| Accrued charges and deferred income | 492/3 | €128 | €157 | +€29 | +22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,473 | €8,752 | +€1,279 | +17.1% |
| Other operating charges | 640/8 | €293 | €293 | +€0 | +0.1% |
| Gross operating margin | 9900 | €53,977 | €47,747 | -€6,229 | -11.5% |
| Operating profit (loss) | 9901 | €46,210 | €38,701 | -€7,509 | -16.2% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €1,368 | €1,115 | -€252 | -18.5% |
| Recurring financial charges | 65 | €1,368 | €1,115 | -€252 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €44,842 | €37,601 | -€7,241 | -16.1% |
| Income taxes | 67/77 | €10,306 | €8,987 | -€1,319 | -12.8% |
| Profit (loss) for the period | 9904 | €34,536 | €28,614 | -€5,923 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,536 | €28,614 | -€5,923 | -17.1% |
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 20 October 2026 via checked.be.