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
- Cash -€36,156
down €36,156 (-5.2%), from €694,328 to €658,172
mainly Investment in fixed assets (net) (-€37,617) and Debts after one year (-€33,141)
- Tangible fixed assets -€30,689
down €30,689 (-2.5%), from €1.3m to €1.2m
of which Land and buildings: -€60,721
- Debts after one year -€33,141
down €33,141 (-23.4%), from €141,729 to €108,588
- Reserves +€29,197
up €29,197 (+1.8%), from €1.7m to €1.7m
- Tax, wage and social debts -€23,062
down €23,062 (-41.8%), from €55,137 to €32,074
of which Taxes: -€23,135
- Gross operating margin -€313,836
down €313,836 (-73.1%), from €429,058 to €115,222
- Taxes -€97,365
down €97,365 (-88.8%), from €109,638 to €12,273
- Depreciation +€5,122
up €5,122 (+8.1%), from €63,183 to €68,305
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 | €2,022,075 | €1,957,217 | -€64,858 | -3.2% |
| Fixed assets | 21/28 | €1,251,249 | €1,220,560 | -€30,689 | -2.5% |
| Tangible fixed assets | 22/27 | €1,251,204 | €1,220,515 | -€30,689 | -2.5% |
| Land and buildings | 22 | €1,193,718 | €1,132,997 | -€60,721 | -5.1% |
| Plant, machinery and equipment | 23 | €24,299 | €21,327 | -€2,972 | -12.2% |
| Furniture and vehicles | 24 | €33,186 | €66,191 | +€33,005 | +99.5% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €770,826 | €736,657 | -€34,169 | -4.4% |
| Amounts receivable within one year | 40/41 | €46,499 | €47,626 | +€1,127 | +2.4% |
| Trade receivables | 40 | €36,300 | €25,929 | -€10,371 | -28.6% |
| Other amounts receivable | 41 | €10,199 | €21,697 | +€11,499 | +113% |
| Current investments | 50/53 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €694,328 | €658,172 | -€36,156 | -5.2% |
| Deferred charges and accrued income | 490/1 | - | €859 | +€859 | |
| Total equity and liabilities | 10/49 | €2,022,075 | €1,957,217 | -€64,858 | -3.2% |
| Equity | 10/15 | €1,721,213 | €1,750,410 | +€29,197 | +1.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €8,110 | €8,110 | = | 0.0% |
| Reserves | 13 | €1,651,103 | €1,680,299 | +€29,197 | +1.8% |
| Distributable reserves | 133 | €1,651,103 | €1,680,299 | +€29,197 | +1.8% |
| Amounts payable | 17/49 | €300,862 | €206,808 | -€94,055 | -31.3% |
| Amounts payable after more than one year | 17 | €141,729 | €108,588 | -€33,141 | -23.4% |
| Financial debts | 170/4 | €141,729 | €108,588 | -€33,141 | -23.4% |
| Amounts payable within one year | 42/48 | €159,133 | €98,219 | -€60,914 | -38.3% |
| Current portion of amounts payable after more than one year | 42 | €52,916 | €33,141 | -€19,775 | -37.4% |
| Trade debts | 44 | €11,416 | €6,576 | -€4,840 | -42.4% |
| Suppliers | 440/4 | €11,416 | €6,576 | -€4,840 | -42.4% |
| Taxes, remuneration and social security | 45 | €55,137 | €32,074 | -€23,062 | -41.8% |
| Taxes | 450/3 | €47,659 | €24,524 | -€23,135 | -48.5% |
| Remuneration and social security | 454/9 | €7,478 | €7,550 | +€72 | +1.0% |
| Other amounts payable | 47/48 | €39,665 | €26,428 | -€13,237 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,183 | €68,305 | +€5,122 | +8.1% |
| Other operating charges | 640/8 | €4,448 | €3,693 | -€755 | -17.0% |
| Gross operating margin | 9900 | €429,058 | €115,222 | -€313,836 | -73.1% |
| Operating profit (loss) | 9901 | €361,427 | €43,224 | -€318,203 | -88.0% |
| Financial income | 75/76B | - | €2,530 | +€2,530 | |
| Recurring financial income | 75 | - | €2,530 | +€2,530 | |
| Financial charges | 65/66B | €5,621 | €4,284 | -€1,336 | -23.8% |
| Recurring financial charges | 65 | €5,621 | €4,284 | -€1,336 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €355,806 | €41,470 | -€314,336 | -88.3% |
| Income taxes | 67/77 | €109,638 | €12,273 | -€97,365 | -88.8% |
| Profit (loss) for the period | 9904 | €246,168 | €29,197 | -€216,971 | -88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €246,168 | €29,197 | -€216,971 | -88.1% |
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 17 October 2026 via checked.be.