ROMANYA: 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.
ROMANYA
Largest movements
- Receivables within one year +€68,324
up €68,324 (+117%), from €58,280 to €126,604
of which Other amounts receivable: +€86,060
- Cash -€50,441
down €50,441 (-53.9%), from €93,665 to €43,224
mainly Receivables within one year (-€68,324) and Investment in fixed assets (net) (-€12,551)
- Financial fixed assets +€7,592
new in 2025: €7,592
- Tangible fixed assets +€3,513
up €3,513 (+307%), from €1,146 to €4,659
of which Plant, machinery and equipment: +€4,141
- Other debts +€15,938
up €15,938 (+119%), from €13,414 to €29,351
- Reserves +€11,859
up €11,859 (+13.8%), from €85,699 to €97,559
- Trade debts +€5,722
up €5,722 (+184%), from €3,104 to €8,826
- Tax, wage and social debts -€3,826
down €3,826 (-10.2%), from €37,508 to €33,682
of which Remuneration and social security: -€4,333
- Gross operating margin -€5,845
down €5,845 (-5.6%), from €104,042 to €98,197
- Staff costs +€3,397
up €3,397 (+4.6%), from €73,727 to €77,124
- Taxes -€2,378
down €2,378 (-29.2%), from €8,133 to €5,755
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 | €153,423 | €182,418 | +€28,995 | +18.9% |
| Fixed assets | 21/28 | €1,146 | €12,251 | +€11,105 | +969% |
| Tangible fixed assets | 22/27 | €1,146 | €4,659 | +€3,513 | +307% |
| Plant, machinery and equipment | 23 | €0 | €4,141 | +€4,141 | |
| Furniture and vehicles | 24 | €1,146 | €518 | -€627 | -54.8% |
| Financial fixed assets | 28 | - | €7,592 | +€7,592 | |
| Current assets | 29/58 | €152,278 | €170,167 | +€17,889 | +11.7% |
| Amounts receivable within one year | 40/41 | €58,280 | €126,604 | +€68,324 | +117% |
| Trade receivables | 40 | €51,413 | €33,677 | -€17,737 | -34.5% |
| Other amounts receivable | 41 | €6,867 | €92,927 | +€86,060 | +1,253% |
| Cash at bank and in hand | 54/58 | €93,665 | €43,224 | -€50,441 | -53.9% |
| Deferred charges and accrued income | 490/1 | €332 | €339 | +€7 | +2.0% |
| Total equity and liabilities | 10/49 | €153,423 | €182,418 | +€28,995 | +18.9% |
| Equity | 10/15 | €98,699 | €110,559 | +€11,859 | +12.0% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €85,699 | €97,559 | +€11,859 | +13.8% |
| Distributable reserves | 133 | €85,699 | €97,559 | +€11,859 | +13.8% |
| Amounts payable | 17/49 | €54,724 | €71,859 | +€17,135 | +31.3% |
| Amounts payable within one year | 42/48 | €54,026 | €71,859 | +€17,833 | +33.0% |
| Trade debts | 44 | €3,104 | €8,826 | +€5,722 | +184% |
| Suppliers | 440/4 | €3,104 | €8,826 | +€5,722 | +184% |
| Taxes, remuneration and social security | 45 | €37,508 | €33,682 | -€3,826 | -10.2% |
| Taxes | 450/3 | €16,787 | €17,294 | +€507 | +3.0% |
| Remuneration and social security | 454/9 | €20,721 | €16,388 | -€4,333 | -20.9% |
| Other amounts payable | 47/48 | €13,414 | €29,351 | +€15,938 | +119% |
| Accrued charges and deferred income | 492/3 | €698 | - | -€698 | |
| Remuneration, social security and pensions | 62 | €73,727 | €77,124 | +€3,397 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €627 | €1,445 | +€818 | +130% |
| Other operating charges | 640/8 | €2,402 | €1,649 | -€754 | -31.4% |
| Gross operating margin | 9900 | €104,042 | €98,197 | -€5,845 | -5.6% |
| Operating profit (loss) | 9901 | €27,285 | €17,980 | -€9,306 | -34.1% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €723 | €372 | -€351 | -48.6% |
| Recurring financial charges | 65 | €723 | €372 | -€351 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | €26,562 | €17,615 | -€8,947 | -33.7% |
| Income taxes | 67/77 | €8,133 | €5,755 | -€2,378 | -29.2% |
| Profit (loss) for the period | 9904 | €18,429 | €11,859 | -€6,569 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,429 | €11,859 | -€6,569 | -35.6% |
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 28 October 2026 via checked.be.