ROMEL: what changed
Two fiscal 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.
ROMEL
Largest movements
- Deferred charges and accrued income +€277,118
new in 2025: €277,118
- Cash -€33,825
down €33,825 (-14.5%), from €232,698 to €198,873
mainly Deferred charges and accrued income (-€277,118) and Tax, wage and social debts (-€43,698)
- Reserves +€162,193
up €162,193 (+80.9%), from €200,585 to €362,778
- Debts after one year +€120,000
new in 2025: €120,000
- Tax, wage and social debts -€43,698
down €43,698 (-77.6%), from €56,338 to €12,640
- Trade debts +€9,886
up €9,886 (+5402.4%), from €183 to €10,069
- Financial charges +€36,554
up €36,554 (+292429.4%), from €13 to €36,566
- Taxes -€12,814
down €12,814 (-19.2%), from €66,862 to €54,048
- Gross operating margin -€11,766
down €11,766 (-4.4%), from €269,105 to €257,339
- Other operating charges +€4,145
up €4,145 (+1070.0%), from €387 to €4,532
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.
Cash bridge derived
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 | €260,561 | €508,942 | +€248,381 | +95.3% |
| Current assets | 29/58 | €260,561 | €508,942 | +€248,381 | +95.3% |
| Amounts receivable within one year | 40/41 | €27,863 | €32,952 | +€5,089 | +18.3% |
| Trade receivables | 40 | €27,225 | - | -€27,225 | |
| Other amounts receivable | 41 | €638 | €32,952 | +€32,314 | +5063.4% |
| Cash at bank and in hand | 54/58 | €232,698 | €198,873 | -€33,825 | -14.5% |
| Deferred charges and accrued income | 490/1 | - | €277,118 | +€277,118 | |
| Total equity and liabilities | 10/49 | €260,561 | €508,942 | +€248,381 | +95.3% |
| Equity | 10/15 | €202,585 | €364,778 | +€162,193 | +80.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200,585 | €362,778 | +€162,193 | +80.9% |
| Distributable reserves | 133 | €200,585 | €362,778 | +€162,193 | +80.9% |
| Amounts payable | 17/49 | €57,976 | €144,164 | +€86,189 | +148.7% |
| Amounts payable after more than one year | 17 | - | €120,000 | +€120,000 | |
| Other amounts payable | 178/9 | - | €120,000 | +€120,000 | |
| Amounts payable within one year | 42/48 | €57,976 | €24,164 | -€33,811 | -58.3% |
| Trade debts | 44 | €183 | €10,069 | +€9,886 | +5402.4% |
| Suppliers | 440/4 | €183 | €10,069 | +€9,886 | +5402.4% |
| Taxes, remuneration and social security | 45 | €56,338 | €12,640 | -€43,698 | -77.6% |
| Taxes | 450/3 | €56,338 | €12,640 | -€43,698 | -77.6% |
| Other amounts payable | 47/48 | €1,455 | €1,455 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,258 | - | -€1,258 | |
| Other operating charges | 640/8 | €387 | €4,532 | +€4,145 | +1070.0% |
| Gross operating margin | 9900 | €269,105 | €257,339 | -€11,766 | -4.4% |
| Operating profit (loss) | 9901 | €267,460 | €252,807 | -€14,653 | -5.5% |
| Financial charges | 65/66B | €13 | €36,566 | +€36,554 | +292429.4% |
| Recurring financial charges | 65 | €13 | €36,566 | +€36,554 | +292429.4% |
| Profit (loss) for the period before taxes | 9903 | €267,447 | €216,241 | -€51,206 | -19.1% |
| Income taxes | 67/77 | €66,862 | €54,048 | -€12,814 | -19.2% |
| Profit (loss) for the period | 9904 | €200,585 | €162,193 | -€38,393 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €200,585 | €162,193 | -€38,393 | -19.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.