ROMULUS: 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.
ROMULUS
Largest movements
- Receivables after one year -€107,518
down €107,518 (-13.7%), from €782,518 to €675,000
- Cash +€57,676
up €57,676 (+26.8%), from €215,074 to €272,750
mainly Other debts (+€1.1m) and Net result for the year (+€344,243)
- Intangible fixed assets -€27,500
down €27,500 (-16.7%), from €165,000 to €137,500
- Tangible fixed assets -€25,327
down €25,327 (-21.9%), from €115,704 to €90,376
of which Furniture and vehicles: -€27,495
- Reserves -€1.3m
no longer reported in 2025 (was €1.3m)
- Other debts +€1.1m
up €1.1m (+1,694%), from €66,757 to €1.2m
- Trade debts +€18,482
up €18,482 (+223%), from €8,285 to €26,767
- Gross operating margin +€15,126
up €15,126 (+2.8%), from €547,916 to €563,042
- Depreciation +€7,480
up €7,480 (+14.3%), from €52,378 to €59,858
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 | €1,362,831 | €1,269,030 | -€93,801 | -6.9% |
| Fixed assets | 21/28 | €280,704 | €227,876 | -€52,827 | -18.8% |
| Intangible fixed assets | 21 | €165,000 | €137,500 | -€27,500 | -16.7% |
| Tangible fixed assets | 22/27 | €115,704 | €90,376 | -€25,327 | -21.9% |
| Plant, machinery and equipment | 23 | €36,928 | €39,095 | +€2,167 | +5.9% |
| Furniture and vehicles | 24 | €78,776 | €51,281 | -€27,495 | -34.9% |
| Current assets | 29/58 | €1,082,127 | €1,041,153 | -€40,973 | -3.8% |
| Amounts receivable after more than one year | 29 | €782,518 | €675,000 | -€107,518 | -13.7% |
| Other amounts receivable | 291 | €782,518 | €675,000 | -€107,518 | -13.7% |
| Amounts receivable within one year | 40/41 | €83,360 | €85,522 | +€2,162 | +2.6% |
| Trade receivables | 40 | €83,168 | €84,692 | +€1,524 | +1.8% |
| Other amounts receivable | 41 | €192 | €830 | +€638 | +332% |
| Cash at bank and in hand | 54/58 | €215,074 | €272,750 | +€57,676 | +26.8% |
| Deferred charges and accrued income | 490/1 | €1,175 | €7,882 | +€6,707 | +571% |
| Total equity and liabilities | 10/49 | €1,362,831 | €1,269,030 | -€93,801 | -6.9% |
| Equity | 10/15 | €1,253,929 | €171 | -€1.3m | -100.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €1,253,000 | - | -€1.3m | |
| Distributable reserves | 133 | €1,253,000 | - | -€1.3m | |
| Profit (loss) carried forward | 14 | €829 | €71 | -€757 | -91.4% |
| Amounts payable | 17/49 | €108,902 | €1,268,858 | +€1.2m | +1,065% |
| Amounts payable within one year | 42/48 | €108,902 | €1,268,858 | +€1.2m | +1,065% |
| Trade debts | 44 | €8,285 | €26,767 | +€18,482 | +223% |
| Suppliers | 440/4 | €8,285 | €26,767 | +€18,482 | +223% |
| Taxes, remuneration and social security | 45 | €33,860 | €44,676 | +€10,816 | +31.9% |
| Taxes | 450/3 | €29,201 | €39,880 | +€10,678 | +36.6% |
| Remuneration and social security | 454/9 | €4,658 | €4,796 | +€138 | +3.0% |
| Other amounts payable | 47/48 | €66,757 | €1,197,415 | +€1.1m | +1,694% |
| Remuneration, social security and pensions | 62 | €39,660 | €41,764 | +€2,104 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,378 | €59,858 | +€7,480 | +14.3% |
| Other operating charges | 640/8 | €1,485 | €1,566 | +€81 | +5.4% |
| Gross operating margin | 9900 | €547,916 | €563,042 | +€15,126 | +2.8% |
| Operating profit (loss) | 9901 | €454,392 | €459,854 | +€5,462 | +1.2% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €324 | €411 | +€87 | +26.7% |
| Recurring financial charges | 65 | €324 | €411 | +€87 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | €454,068 | €459,445 | +€5,377 | +1.2% |
| Income taxes | 67/77 | €115,060 | €115,203 | +€143 | +0.1% |
| Profit (loss) for the period | 9904 | €339,008 | €344,243 | +€5,234 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €339,008 | €344,243 | +€5,234 | +1.5% |
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 26 October 2026 via checked.be.