ROMANCE 1980: 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.
ROMANCE 1980
Largest movements
- Receivables within one year +€155,531
up €155,531 (+133%), from €117,338 to €272,869
of which Trade receivables: +€178,657
- Financial fixed assets +€124,870
up €124,870 (+1,584%), from €7,885 to €132,755
- Tangible fixed assets +€87,206
up €87,206 (+734%), from €11,888 to €99,094
of which Furniture and vehicles: +€61,771
- Cash -€17,949
down €17,949 (-26.5%), from €67,810 to €49,861
mainly Investment in fixed assets (net) (-€218,945) and Receivables within one year (-€155,531)
- Other debts +€268,506
up €268,506 (+651%), from €41,239 to €309,745
- Debts after one year +€48,941
new in 2025: €48,941
- Trade debts +€38,425
up €38,425 (+53.2%), from €72,217 to €110,642
- Current portion of long-term debt +€14,411
new in 2025: €14,411
- Tax, wage and social debts -€13,700
down €13,700 (-84.4%), from €16,232 to €2,531
- Gross operating margin +€111,181
up €111,181, from -€84,486 to €26,696
- Taxes +€3,478
up €3,478 (+166%), from €2,089 to €5,567
- Other operating charges +€2,859
up €2,859 (+384%), from €745 to €3,604
- Depreciation +€2,275
up €2,275 (+42.2%), from €5,396 to €7,671
- Financial charges +€920
up €920 (+14.4%), from €6,371 to €7,291
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 | €217,568 | €564,879 | +€347,311 | +160% |
| Fixed assets | 21/28 | €24,781 | €236,055 | +€211,274 | +853% |
| Intangible fixed assets | 21 | €5,008 | €4,205 | -€802 | -16.0% |
| Tangible fixed assets | 22/27 | €11,888 | €99,094 | +€87,206 | +734% |
| Plant, machinery and equipment | 23 | €8,425 | €8,429 | +€5 | +0.1% |
| Furniture and vehicles | 24 | €3,464 | €65,235 | +€61,771 | +1,783% |
| Other tangible fixed assets | 26 | - | €25,430 | +€25,430 | |
| Financial fixed assets | 28 | €7,885 | €132,755 | +€124,870 | +1,584% |
| Current assets | 29/58 | €192,787 | €328,824 | +€136,037 | +70.6% |
| Amounts receivable within one year | 40/41 | €117,338 | €272,869 | +€155,531 | +133% |
| Trade receivables | 40 | €45,127 | €223,784 | +€178,657 | +396% |
| Other amounts receivable | 41 | €72,211 | €49,085 | -€23,126 | -32.0% |
| Cash at bank and in hand | 54/58 | €67,810 | €49,861 | -€17,949 | -26.5% |
| Deferred charges and accrued income | 490/1 | €7,640 | €6,094 | -€1,546 | -20.2% |
| Total equity and liabilities | 10/49 | €217,568 | €564,879 | +€347,311 | +160% |
| Equity | 10/15 | €76,107 | €78,609 | +€2,501 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €143,608 | €143,608 | = | 0.0% |
| Distributable reserves | 133 | €143,608 | €143,608 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,101 | -€83,600 | +€2,501 | +2.9% |
| Amounts payable | 17/49 | €141,461 | €486,270 | +€344,809 | +244% |
| Amounts payable after more than one year | 17 | - | €48,941 | +€48,941 | |
| Financial debts | 170/4 | - | €48,941 | +€48,941 | |
| Amounts payable within one year | 42/48 | €141,461 | €437,329 | +€295,869 | +209% |
| Current portion of amounts payable after more than one year | 42 | - | €14,411 | +€14,411 | |
| Financial debts | 43 | €11,773 | €0 | -€11,773 | -100% |
| Credit institutions | 430/8 | €11,773 | €0 | -€11,773 | -100% |
| Trade debts | 44 | €72,217 | €110,642 | +€38,425 | +53.2% |
| Suppliers | 440/4 | €72,217 | €110,642 | +€38,425 | +53.2% |
| Taxes, remuneration and social security | 45 | €16,232 | €2,531 | -€13,700 | -84.4% |
| Taxes | 450/3 | €16,232 | €2,531 | -€13,700 | -84.4% |
| Other amounts payable | 47/48 | €41,239 | €309,745 | +€268,506 | +651% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,396 | €7,671 | +€2,275 | +42.2% |
| Other operating charges | 640/8 | €745 | €3,604 | +€2,859 | +384% |
| Gross operating margin | 9900 | -€84,486 | €26,696 | +€111,181 | |
| Operating profit (loss) | 9901 | -€90,626 | €15,421 | +€106,047 | |
| Financial income | 75/76B | €2 | €1 | -€1 | -48.7% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -48.7% |
| Financial charges | 65/66B | €6,371 | €7,291 | +€920 | +14.4% |
| Recurring financial charges | 65 | €6,371 | €7,291 | +€920 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | -€96,995 | €8,131 | +€105,126 | |
| Income taxes | 67/77 | €2,089 | €5,567 | +€3,478 | +166% |
| Profit (loss) for the period | 9904 | -€99,084 | €2,564 | +€101,649 | |
| Profit (loss) for the period to be appropriated | 9905 | -€99,084 | €2,564 | +€101,649 |
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.