ROMINGO II: 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.
What changed
ROMINGO II
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€62,671
2023 · -€95,294+€32,622
Equity
€2.9m
2023 · €3.0m-€62,671
Cash
€628
2023 · €4,980-€4,352
Balance sheet total
€4.9m
2023 · €4.6m+€277,197
Largest movements
Assets
- Financial fixed assets +€316,418
up €316,418 (+18.9%), from €1.7m to €2.0m
Equity and liabilities
- Current portion of long-term debt +€272,028
up €272,028 (+760%), from €35,806 to €307,834
- Other debts +€109,086
up €109,086 (+242%), from €45,159 to €154,244
- Short-term financial debts +€50,000
new in 2024: €50,000
Income statement
- Gross operating margin +€48,640
up €48,640, from -€40,154 to €8,485
- Financial charges +€11,429
up €11,429 (+67.3%), from €16,977 to €28,407
of which Financial charges: +€10,365
- Depreciation +€3,832
up €3,832 (+9.0%), from €42,580 to €46,412
- Other operating charges +€1,626
up €1,626 (+48.4%), from €3,356 to €4,982
From the 2023 result to the 2024 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.
Result 2023
-€95,294
Gross operating margin
+€48,640
Depreciation
-€3,832
Other operating charges
-€1,626
Financial charges
-€11,429
Taxes
+€67
Deferred taxes and other
+€803
Result 2024
-€62,671
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€60,251
Investment
-€345,635
Financing
+€281,032
Cash 2023
€4,980
From operations (derived)
+€60,251
Net result for the year
-€62,671
Depreciation
+€46,412
Receivables within one year
+€13,032
Deferred charges and accrued income
+€4,642
Provisions
-€9,721
Trade debts
-€37,947
Tax, wage and social debts
-€113
Other debts
+€109,086
Accrued charges and deferred income
-€2,468
Investment (derived)
-€345,635
Investment in fixed assets (net)
-€345,635
Financing
+€281,032
Debts after one year
-€40,996
Current portion of long-term debt
+€272,028
Short-term financial debts
+€50,000
Cash 2024
€628
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,609,721 | €4,886,918 | +€277,197 | +6.0% |
| Fixed assets | 21/28 | €3,565,974 | €3,865,198 | +€299,223 | +8.4% |
| Tangible fixed assets | 22/27 | €1,887,392 | €1,870,198 | -€17,195 | -0.9% |
| Land and buildings | 22 | €1,887,392 | €1,870,198 | -€17,195 | -0.9% |
| Financial fixed assets | 28 | €1,678,582 | €1,995,000 | +€316,418 | +18.9% |
| Current assets | 29/58 | €1,043,747 | €1,021,721 | -€22,026 | -2.1% |
| Amounts receivable after more than one year | 29 | €560,000 | €560,000 | = | 0.0% |
| Other amounts receivable | 291 | €560,000 | €560,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €472,666 | €459,634 | -€13,032 | -2.8% |
| Trade receivables | 40 | €12,253 | €1,193 | -€11,060 | -90.3% |
| Other amounts receivable | 41 | €460,413 | €458,441 | -€1,972 | -0.4% |
| Cash at bank and in hand | 54/58 | €4,980 | €628 | -€4,352 | -87.4% |
| Deferred charges and accrued income | 490/1 | €6,101 | €1,459 | -€4,642 | -76.1% |
| Total equity and liabilities | 10/49 | €4,609,721 | €4,886,918 | +€277,197 | +6.0% |
| Equity | 10/15 | €3,002,688 | €2,940,017 | -€62,671 | -2.1% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €2,393,240 | €2,364,077 | -€29,163 | -1.2% |
| Non-distributable reserves | 130/1 | €73,787 | €73,787 | = | 0.0% |
| Legal reserve | 130 | €73,787 | €73,787 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,685,148 | €1,655,985 | -€29,163 | -1.7% |
| Distributable reserves | 133 | €634,305 | €634,305 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€390,552 | -€424,061 | -€33,508 | -8.6% |
| Provisions and deferred taxes | 16 | €586,716 | €576,995 | -€9,721 | -1.7% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €25,000 | €25,000 | = | 0.0% |
| Deferred taxes | 168 | €561,716 | €551,995 | -€9,721 | -1.7% |
| Amounts payable | 17/49 | €1,020,317 | €1,369,907 | +€349,590 | +34.3% |
| Amounts payable after more than one year | 17 | €859,715 | €818,719 | -€40,996 | -4.8% |
| Financial debts | 170/4 | €859,715 | €818,719 | -€40,996 | -4.8% |
| Amounts payable within one year | 42/48 | €158,134 | €551,188 | +€393,054 | +249% |
| Current portion of amounts payable after more than one year | 42 | €35,806 | €307,834 | +€272,028 | +760% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €74,836 | €36,889 | -€37,947 | -50.7% |
| Suppliers | 440/4 | €74,836 | €36,889 | -€37,947 | -50.7% |
| Taxes, remuneration and social security | 45 | €2,334 | €2,221 | -€113 | -4.8% |
| Taxes | 450/3 | €2,334 | €2,221 | -€113 | -4.8% |
| Other amounts payable | 47/48 | €45,159 | €154,244 | +€109,086 | +242% |
| Accrued charges and deferred income | 492/3 | €2,468 | - | -€2,468 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,580 | €46,412 | +€3,832 | +9.0% |
| Other operating charges | 640/8 | €3,356 | €4,982 | +€1,626 | +48.4% |
| Gross operating margin | 9900 | -€40,154 | €8,485 | +€48,640 | |
| Operating profit (loss) | 9901 | -€86,091 | -€42,908 | +€43,183 | +50.2% |
| Financial charges | 65/66B | €16,977 | €28,407 | +€11,429 | +67.3% |
| Recurring financial charges | 65 | €16,882 | €27,247 | +€10,365 | +61.4% |
| Non-recurring financial charges | 66B | €96 | €1,160 | +€1,064 | +1,110% |
| Profit (loss) for the period before taxes | 9903 | -€103,068 | -€71,315 | +€31,753 | +30.8% |
| Transfer from deferred taxes | 780 | €8,919 | €9,721 | +€803 | +9.0% |
| Income taxes | 67/77 | €1,144 | €1,077 | -€67 | -5.8% |
| Profit (loss) for the period | 9904 | -€95,294 | -€62,671 | +€32,622 | +34.2% |
| Transfer from tax-exempt reserves | 789 | €26,756 | €29,163 | +€2,408 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,538 | -€33,508 | +€35,030 | +51.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.