ROMAN-DUFOURNY: 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.
ROMAN-DUFOURNY
Largest movements
- Cash -€111,718
down €111,718 (-67.3%), from €166,021 to €54,303
mainly Receivables within one year (-€108,959) and Trade debts (-€60,238)
- Receivables within one year +€108,959
up €108,959 (+96.4%), from €113,042 to €222,000
of which Trade receivables: +€106,644
- Tangible fixed assets -€26,557
down €26,557 (-50.7%), from €52,428 to €25,872
of which Furniture and vehicles: -€21,734
- Stocks and contracts -€25,827
down €25,827 (-68.4%), from €37,738 to €11,910
of which Contracts in progress: -€30,000
- Deferred charges and accrued income -€11,965
down €11,965 (-49.2%), from €24,309 to €12,344
- Trade debts -€60,238
down €60,238 (-88.8%), from €67,838 to €7,600
- Reserves +€13,000
up €13,000 (+10.5%), from €123,476 to €136,476
of which Distributable reserves: +€13,000
- Debts after one year -€12,464
down €12,464 (-86.3%), from €14,438 to €1,975
- Current portion of long-term debt -€7,630
down €7,630 (-34.3%), from €22,268 to €14,638
- Profit (loss) carried forward +€4,852
up €4,852 (+3.5%), from €138,066 to €142,918
- Gross operating margin +€26,989
up €26,989 (+9.9%), from €272,849 to €299,838
- Taxes +€4,414
up €4,414 (+4,436%), from €100 to €4,514
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 | €393,750 | €326,642 | -€67,108 | -17.0% |
| Fixed assets | 21/28 | €52,641 | €26,085 | -€26,557 | -50.4% |
| Tangible fixed assets | 22/27 | €52,428 | €25,872 | -€26,557 | -50.7% |
| Plant, machinery and equipment | 23 | €16,973 | €12,150 | -€4,823 | -28.4% |
| Furniture and vehicles | 24 | €35,455 | €13,721 | -€21,734 | -61.3% |
| Financial fixed assets | 28 | €213 | €213 | = | 0.0% |
| Current assets | 29/58 | €341,109 | €300,557 | -€40,551 | -11.9% |
| Stocks and contracts in progress | 3 | €37,738 | €11,910 | -€25,827 | -68.4% |
| Stocks | 30/36 | €7,738 | €11,910 | +€4,173 | +53.9% |
| Contracts in progress | 37 | €30,000 | - | -€30,000 | |
| Amounts receivable within one year | 40/41 | €113,042 | €222,000 | +€108,959 | +96.4% |
| Trade receivables | 40 | €85,591 | €192,235 | +€106,644 | +125% |
| Other amounts receivable | 41 | €27,450 | €29,765 | +€2,315 | +8.4% |
| Cash at bank and in hand | 54/58 | €166,021 | €54,303 | -€111,718 | -67.3% |
| Deferred charges and accrued income | 490/1 | €24,309 | €12,344 | -€11,965 | -49.2% |
| Total equity and liabilities | 10/49 | €393,750 | €326,642 | -€67,108 | -17.0% |
| Equity | 10/15 | €268,051 | €285,904 | +€17,852 | +6.7% |
| Contributions | 10/11 | €6,510 | €6,510 | = | 0.0% |
| Reserves | 13 | €123,476 | €136,476 | +€13,000 | +10.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,616 | €56,616 | = | 0.0% |
| Distributable reserves | 133 | €65,000 | €78,000 | +€13,000 | +20.0% |
| Profit (loss) carried forward | 14 | €138,066 | €142,918 | +€4,852 | +3.5% |
| Amounts payable | 17/49 | €125,698 | €40,738 | -€84,960 | -67.6% |
| Amounts payable after more than one year | 17 | €14,438 | €1,975 | -€12,464 | -86.3% |
| Financial debts | 170/4 | €14,438 | €1,975 | -€12,464 | -86.3% |
| Amounts payable within one year | 42/48 | €111,260 | €38,764 | -€72,496 | -65.2% |
| Current portion of amounts payable after more than one year | 42 | €22,268 | €14,638 | -€7,630 | -34.3% |
| Trade debts | 44 | €67,838 | €7,600 | -€60,238 | -88.8% |
| Suppliers | 440/4 | €67,838 | €7,600 | -€60,238 | -88.8% |
| Taxes, remuneration and social security | 45 | €21,155 | €16,526 | -€4,629 | -21.9% |
| Taxes | 450/3 | €3,281 | €1,412 | -€1,870 | -57.0% |
| Remuneration and social security | 454/9 | €17,873 | €15,114 | -€2,759 | -15.4% |
| Remuneration, social security and pensions | 62 | €247,029 | €248,143 | +€1,114 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,825 | €26,557 | +€732 | +2.8% |
| Other operating charges | 640/8 | €1,653 | €2,099 | +€446 | +27.0% |
| Gross operating margin | 9900 | €272,849 | €299,838 | +€26,989 | +9.9% |
| Operating profit (loss) | 9901 | -€1,658 | €23,039 | +€24,697 | |
| Financial income | 75/76B | €580 | €394 | -€186 | -32.1% |
| Recurring financial income | 75 | €580 | €394 | -€186 | -32.1% |
| Financial charges | 65/66B | €1,279 | €1,067 | -€212 | -16.6% |
| Recurring financial charges | 65 | €1,279 | €1,067 | -€212 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,357 | €22,366 | +€24,723 | |
| Income taxes | 67/77 | €100 | €4,514 | +€4,414 | +4,436% |
| Profit (loss) for the period | 9904 | -€2,456 | €17,852 | +€20,308 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,456 | €17,852 | +€20,308 |
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 19 October 2026 via checked.be.