ROMAN STEFAN: 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 STEFAN
Largest movements
- Tangible fixed assets -€14,942
down €14,942 (-7.6%), from €197,672 to €182,730
of which Land and buildings: -€12,422
- Cash +€8,113
up €8,113 (+119%), from €6,804 to €14,917
mainly Depreciation (+€18,901) and Deferred charges and accrued income (+€3,431)
- Deferred charges and accrued income -€3,431
down €3,431 (-92.0%), from €3,728 to €297
- Receivables within one year +€2,445
up €2,445 (+114%), from €2,150 to €4,595
of which Other amounts receivable: +€2,281
- Tax, wage and social debts -€4,789
no longer reported in 2025 (was €4,789)
- Gross operating margin -€11,069
down €11,069 (-33.8%), from €32,725 to €21,655
- Taxes -€2,570
down €2,570 (-53.7%), from €4,789 to €2,219
- Depreciation -€348
down €348 (-1.8%), from €19,250 to €18,901
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 | €210,354 | €202,539 | -€7,815 | -3.7% |
| Fixed assets | 21/28 | €197,672 | €182,730 | -€14,942 | -7.6% |
| Tangible fixed assets | 22/27 | €197,672 | €182,730 | -€14,942 | -7.6% |
| Land and buildings | 22 | €176,405 | €163,983 | -€12,422 | -7.0% |
| Plant, machinery and equipment | 23 | €3,739 | €2,548 | -€1,191 | -31.9% |
| Furniture and vehicles | 24 | €5,628 | €4,299 | -€1,328 | -23.6% |
| Other tangible fixed assets | 26 | €11,900 | €11,900 | = | 0.0% |
| Current assets | 29/58 | €12,682 | €19,809 | +€7,127 | +56.2% |
| Amounts receivable within one year | 40/41 | €2,150 | €4,595 | +€2,445 | +114% |
| Trade receivables | 40 | €2,150 | €2,314 | +€165 | +7.7% |
| Other amounts receivable | 41 | - | €2,281 | +€2,281 | |
| Cash at bank and in hand | 54/58 | €6,804 | €14,917 | +€8,113 | +119% |
| Deferred charges and accrued income | 490/1 | €3,728 | €297 | -€3,431 | -92.0% |
| Total equity and liabilities | 10/49 | €210,354 | €202,539 | -€7,815 | -3.7% |
| Equity | 10/15 | €175,399 | €173,930 | -€1,469 | -0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €169,199 | €167,730 | -€1,469 | -0.9% |
| Distributable reserves | 133 | €169,199 | €167,730 | -€1,469 | -0.9% |
| Amounts payable | 17/49 | €34,954 | €28,609 | -€6,345 | -18.2% |
| Amounts payable within one year | 42/48 | €34,954 | €28,609 | -€6,345 | -18.2% |
| Trade debts | 44 | €6,506 | €5,844 | -€662 | -10.2% |
| Suppliers | 440/4 | €6,506 | €5,844 | -€662 | -10.2% |
| Taxes, remuneration and social security | 45 | €4,789 | - | -€4,789 | |
| Taxes | 450/3 | €4,789 | - | -€4,789 | |
| Other amounts payable | 47/48 | €23,660 | €22,765 | -€895 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,250 | €18,901 | -€348 | -1.8% |
| Other operating charges | 640/8 | €282 | €435 | +€153 | +54.3% |
| Gross operating margin | 9900 | €32,725 | €21,655 | -€11,069 | -33.8% |
| Operating profit (loss) | 9901 | €13,193 | €2,319 | -€10,874 | -82.4% |
| Financial income | 75/76B | €24 | €9 | -€15 | -61.5% |
| Recurring financial income | 75 | €24 | €9 | -€15 | -61.5% |
| Financial charges | 65/66B | €1,883 | €1,579 | -€304 | -16.2% |
| Recurring financial charges | 65 | €1,883 | €1,579 | -€304 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €11,334 | €750 | -€10,584 | -93.4% |
| Income taxes | 67/77 | €4,789 | €2,219 | -€2,570 | -53.7% |
| Profit (loss) for the period | 9904 | €6,545 | -€1,469 | -€8,015 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,545 | -€1,469 | -€8,015 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.