Romain - Romain: 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 - Romain
Largest movements
- Cash -€86,715
down €86,715 (-65.4%), from €132,617 to €45,902
mainly Other debts (-€70,878) and Investment in fixed assets (net) (-€15,650)
- Tangible fixed assets +€11,605
up €11,605 (+84.8%), from €13,681 to €25,286
of which Other tangible fixed assets: +€14,925
- Receivables within one year -€1,792
down €1,792 (-19.3%), from €9,262 to €7,470
of which Trade receivables: -€8,308
- Other debts -€70,878
down €70,878 (-83.0%), from €85,399 to €14,521
- Trade debts +€9,958
up €9,958 (+311%), from €3,203 to €13,160
- Tax, wage and social debts -€8,667
down €8,667 (-91.0%), from €9,526 to €859
of which Remuneration and social security: -€4,920
- Current portion of long-term debt -€6,032
no longer reported in 2025 (was €6,032)
- Profit (loss) carried forward -€2,497
new in 2025: -€2,497
- Gross operating margin -€18,157
down €18,157 (-53.6%), from €33,853 to €15,696
- Depreciation -€9,020
down €9,020 (-69.0%), from €13,065 to €4,045
- Staff costs +€5,325
up €5,325 (+75.2%), from €7,077 to €12,402
- Taxes -€3,945
no longer reported in 2025 (was €3,945)
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 | €159,806 | €81,689 | -€78,117 | -48.9% |
| Fixed assets | 21/28 | €13,911 | €25,516 | +€11,605 | +83.4% |
| Tangible fixed assets | 22/27 | €13,681 | €25,286 | +€11,605 | +84.8% |
| Plant, machinery and equipment | 23 | €9,035 | €6,881 | -€2,153 | -23.8% |
| Furniture and vehicles | 24 | €1,960 | €794 | -€1,167 | -59.5% |
| Other tangible fixed assets | 26 | €2,686 | €17,611 | +€14,925 | +556% |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €145,894 | €56,173 | -€89,721 | -61.5% |
| Amounts receivable within one year | 40/41 | €9,262 | €7,470 | -€1,792 | -19.3% |
| Trade receivables | 40 | €8,505 | €197 | -€8,308 | -97.7% |
| Other amounts receivable | 41 | €757 | €7,273 | +€6,516 | +861% |
| Cash at bank and in hand | 54/58 | €132,617 | €45,902 | -€86,715 | -65.4% |
| Deferred charges and accrued income | 490/1 | €4,016 | €2,802 | -€1,214 | -30.2% |
| Total equity and liabilities | 10/49 | €159,806 | €81,689 | -€78,117 | -48.9% |
| Equity | 10/15 | €55,646 | €53,149 | -€2,497 | -4.5% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €43,146 | €43,146 | = | 0.0% |
| Distributable reserves | 133 | €43,146 | €43,146 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,497 | -€2,497 | |
| Amounts payable | 17/49 | €104,160 | €28,540 | -€75,620 | -72.6% |
| Amounts payable within one year | 42/48 | €104,160 | €28,540 | -€75,620 | -72.6% |
| Current portion of amounts payable after more than one year | 42 | €6,032 | - | -€6,032 | |
| Trade debts | 44 | €3,203 | €13,160 | +€9,958 | +311% |
| Suppliers | 440/4 | €3,203 | €13,160 | +€9,958 | +311% |
| Taxes, remuneration and social security | 45 | €9,526 | €859 | -€8,667 | -91.0% |
| Taxes | 450/3 | €4,215 | €468 | -€3,747 | -88.9% |
| Remuneration and social security | 454/9 | €5,311 | €391 | -€4,920 | -92.6% |
| Other amounts payable | 47/48 | €85,399 | €14,521 | -€70,878 | -83.0% |
| Remuneration, social security and pensions | 62 | €7,077 | €12,402 | +€5,325 | +75.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,065 | €4,045 | -€9,020 | -69.0% |
| Other operating charges | 640/8 | €1,230 | €1,434 | +€204 | +16.6% |
| Gross operating margin | 9900 | €33,853 | €15,696 | -€18,157 | -53.6% |
| Operating profit (loss) | 9901 | €12,481 | -€2,185 | -€14,666 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €638 | €312 | -€326 | -51.1% |
| Recurring financial charges | 65 | €638 | €312 | -€326 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €11,843 | -€2,497 | -€14,340 | |
| Income taxes | 67/77 | €3,945 | - | -€3,945 | |
| Profit (loss) for the period | 9904 | €7,897 | -€2,497 | -€10,394 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,897 | -€2,497 | -€10,394 |
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 15 October 2026 via checked.be.