Romejo: 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.
Romejo
Largest movements
- Receivables within one year +€128,553
up €128,553 (+137%), from €93,997 to €222,550
of which Trade receivables: +€103,553
- Financial fixed assets -€72,703
down €72,703 (-6.4%), from €1.1m to €1.1m
- Current investments -€43,771
down €43,771 (-93.7%), from €46,723 to €2,951
- Deferred charges and accrued income +€23,251
up €23,251 (+759%), from €3,063 to €26,314
- Other debts +€256,860
new in 2025: €256,860
- Reserves -€115,007
down €115,007 (-63.4%), from €181,494 to €66,487
- Debts after one year -€89,009
down €89,009 (-10.3%), from €860,626 to €771,617
- Short-term financial debts -€50,000
down €50,000 (-33.3%), from €150,000 to €100,000
- Gross operating margin +€159,205
up €159,205 (+73.6%), from €216,191 to €375,396
- Taxes +€38,182
up €38,182 (+75.6%), from €50,520 to €88,702
- Financial income +€28,211
up €28,211 (+673%), from €4,189 to €32,401
- Financial charges +€13,196
up €13,196 (+70.4%), from €18,738 to €31,934
- Depreciation -€6,466
down €6,466 (-78.1%), from €8,277 to €1,811
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 | €1,337,864 | €1,353,797 | +€15,933 | +1.2% |
| Formation expenses | 20 | €749 | €499 | -€250 | -33.4% |
| Fixed assets | 21/28 | €1,145,691 | €1,064,633 | -€81,058 | -7.1% |
| Tangible fixed assets | 22/27 | €13,551 | €5,196 | -€8,355 | -61.7% |
| Furniture and vehicles | 24 | €13,551 | €5,196 | -€8,355 | -61.7% |
| Financial fixed assets | 28 | €1,132,140 | €1,059,437 | -€72,703 | -6.4% |
| Current assets | 29/58 | €191,423 | €288,665 | +€97,242 | +50.8% |
| Amounts receivable within one year | 40/41 | €93,997 | €222,550 | +€128,553 | +137% |
| Trade receivables | 40 | €93,997 | €197,550 | +€103,553 | +110% |
| Other amounts receivable | 41 | - | €25,000 | +€25,000 | |
| Current investments | 50/53 | €46,723 | €2,951 | -€43,771 | -93.7% |
| Cash at bank and in hand | 54/58 | €47,641 | €36,850 | -€10,792 | -22.7% |
| Deferred charges and accrued income | 490/1 | €3,063 | €26,314 | +€23,251 | +759% |
| Total equity and liabilities | 10/49 | €1,337,864 | €1,353,797 | +€15,933 | +1.2% |
| Equity | 10/15 | €181,594 | €66,587 | -€115,007 | -63.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €181,494 | €66,487 | -€115,007 | -63.4% |
| Distributable reserves | 133 | €181,494 | €66,487 | -€115,007 | -63.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,156,270 | €1,287,210 | +€130,941 | +11.3% |
| Amounts payable after more than one year | 17 | €860,626 | €771,617 | -€89,009 | -10.3% |
| Financial debts | 170/4 | €860,626 | €771,617 | -€89,009 | -10.3% |
| Amounts payable within one year | 42/48 | €289,938 | €511,920 | +€221,982 | +76.6% |
| Current portion of amounts payable after more than one year | 42 | €93,396 | €96,304 | +€2,908 | +3.1% |
| Financial debts | 43 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Credit institutions | 430/8 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Trade debts | 44 | €2,917 | €3,162 | +€244 | +8.4% |
| Suppliers | 440/4 | €2,917 | €3,162 | +€244 | +8.4% |
| Taxes, remuneration and social security | 45 | €43,625 | €55,595 | +€11,969 | +27.4% |
| Taxes | 450/3 | €43,625 | €55,595 | +€11,969 | +27.4% |
| Other amounts payable | 47/48 | - | €256,860 | +€256,860 | |
| Accrued charges and deferred income | 492/3 | €5,706 | €3,673 | -€2,032 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,277 | €1,811 | -€6,466 | -78.1% |
| Other operating charges | 640/8 | €414 | €984 | +€570 | +138% |
| Non-recurring operating charges | 66A | - | €2,750 | +€2,750 | |
| Gross operating margin | 9900 | €216,191 | €375,396 | +€159,205 | +73.6% |
| Operating profit (loss) | 9901 | €207,501 | €369,851 | +€162,351 | +78.2% |
| Financial income | 75/76B | €4,189 | €32,401 | +€28,211 | +673% |
| Recurring financial income | 75 | €4,189 | €32,401 | +€28,211 | +673% |
| Financial charges | 65/66B | €18,738 | €31,934 | +€13,196 | +70.4% |
| Recurring financial charges | 65 | €18,738 | €31,934 | +€13,196 | +70.4% |
| Profit (loss) for the period before taxes | 9903 | €192,952 | €370,318 | +€177,366 | +91.9% |
| Income taxes | 67/77 | €50,520 | €88,702 | +€38,182 | +75.6% |
| Profit (loss) for the period | 9904 | €142,432 | €281,616 | +€139,184 | +97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €142,432 | €281,616 | +€139,184 | +97.7% |
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 16 October 2026 via checked.be.