Romuald Bilem: 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.
Romuald Bilem
Largest movements
- Current investments -€40,000
down €40,000 (-40.0%), from €100,000 to €60,000
- Tangible fixed assets -€17,340
down €17,340 (-22.4%), from €77,285 to €59,945
of which Furniture and vehicles: -€17,150
- Receivables after one year +€5,000
up €5,000 (+2.5%), from €200,000 to €205,000
of which Other amounts receivable: +€205,000
- Debts after one year -€18,657
down €18,657 (-37.3%), from €49,958 to €31,301
- Contributions -€18,500
down €18,500 (-99.5%), from €18,600 to €100
- Other debts -€12,232
down €12,232 (-11.2%), from €109,440 to €97,208
- Depreciation +€9,683
up €9,683 (+126%), from €7,657 to €17,340
- Gross operating margin -€3,717
down €3,717 (-2.7%), from €139,951 to €136,234
- Taxes -€3,350
down €3,350 (-11.2%), from €29,929 to €26,579
- Financial income +€1,515
up €1,515 (+24.5%), from €6,190 to €7,705
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 | €445,427 | €393,086 | -€52,340 | -11.8% |
| Fixed assets | 21/28 | €77,285 | €59,945 | -€17,340 | -22.4% |
| Tangible fixed assets | 22/27 | €77,285 | €59,945 | -€17,340 | -22.4% |
| Furniture and vehicles | 24 | €75,904 | €58,754 | -€17,150 | -22.6% |
| Other tangible fixed assets | 26 | €1,381 | €1,191 | -€190 | -13.8% |
| Current assets | 29/58 | €368,141 | €333,141 | -€35,000 | -9.5% |
| Amounts receivable after more than one year | 29 | €200,000 | €205,000 | +€5,000 | +2.5% |
| Trade receivables | 290 | €200,000 | - | -€200,000 | |
| Other amounts receivable | 291 | - | €205,000 | +€205,000 | |
| Amounts receivable within one year | 40/41 | €3,468 | €2,070 | -€1,398 | -40.3% |
| Trade receivables | 40 | €215 | €128 | -€87 | -40.6% |
| Other amounts receivable | 41 | €3,253 | €1,942 | -€1,311 | -40.3% |
| Current investments | 50/53 | €100,000 | €60,000 | -€40,000 | -40.0% |
| Cash at bank and in hand | 54/58 | €59,065 | €60,557 | +€1,493 | +2.5% |
| Deferred charges and accrued income | 490/1 | €5,608 | €5,514 | -€95 | -1.7% |
| Total equity and liabilities | 10/49 | €445,427 | €393,086 | -€52,340 | -11.8% |
| Equity | 10/15 | €236,832 | €218,332 | -€18,500 | -7.8% |
| Contributions | 10/11 | €18,600 | €100 | -€18,500 | -99.5% |
| Reserves | 13 | €218,232 | €218,232 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,323 | €8,323 | = | 0.0% |
| Distributable reserves | 133 | €209,909 | €209,909 | = | 0.0% |
| Amounts payable | 17/49 | €208,595 | €174,755 | -€33,840 | -16.2% |
| Amounts payable after more than one year | 17 | €49,958 | €31,301 | -€18,657 | -37.3% |
| Financial debts | 170/4 | €49,958 | €31,301 | -€18,657 | -37.3% |
| Amounts payable within one year | 42/48 | €156,733 | €141,544 | -€15,189 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €17,841 | €18,657 | +€816 | +4.6% |
| Trade debts | 44 | €2,845 | €1,597 | -€1,248 | -43.9% |
| Suppliers | 440/4 | €2,845 | €1,597 | -€1,248 | -43.9% |
| Taxes, remuneration and social security | 45 | €26,607 | €24,082 | -€2,526 | -9.5% |
| Taxes | 450/3 | €26,607 | €24,082 | -€2,526 | -9.5% |
| Other amounts payable | 47/48 | €109,440 | €97,208 | -€12,232 | -11.2% |
| Accrued charges and deferred income | 492/3 | €1,903 | €1,909 | +€6 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,657 | €17,340 | +€9,683 | +126% |
| Gross operating margin | 9900 | €139,951 | €136,234 | -€3,717 | -2.7% |
| Operating profit (loss) | 9901 | €132,294 | €118,894 | -€13,400 | -10.1% |
| Financial income | 75/76B | €6,190 | €7,705 | +€1,515 | +24.5% |
| Recurring financial income | 75 | €6,190 | €7,705 | +€1,515 | +24.5% |
| Financial charges | 65/66B | €1,894 | €2,812 | +€918 | +48.5% |
| Recurring financial charges | 65 | €1,894 | €2,812 | +€918 | +48.5% |
| Profit (loss) for the period before taxes | 9903 | €136,590 | €123,787 | -€12,803 | -9.4% |
| Income taxes | 67/77 | €29,929 | €26,579 | -€3,350 | -11.2% |
| Profit (loss) for the period | 9904 | €106,661 | €97,208 | -€9,453 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €106,661 | €97,208 | -€9,453 | -8.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.