ROMULUS & REMUS PROJECTS: what changed
ROMULUS & REMUS PROJECTS
Largest movements
- Receivables within one year -€229,304
down €229,304 (-66.0%), from €347,382 to €118,078
of which Trade receivables: -€216,035
- Cash -€32,581
down €32,581 (-91.5%), from €35,609 to €3,028
mainly Net result for the year (-€298,926) and Accrued charges and deferred income (-€57,721)
- Deferred charges and accrued income -€6,454
no longer reported in 2025 (was €6,454)
- Profit (loss) carried forward -€298,926
down €298,926 (-22.9%), from -€1.3m to -€1.6m
- Debts after one year +€144,819
up €144,819 (+11.4%), from €1.3m to €1.4m
- Accrued charges and deferred income -€57,721
down €57,721 (-73.6%), from €78,464 to €20,744
- Trade debts -€36,520
down €36,520 (-34.1%), from €107,000 to €70,480
- Tax, wage and social debts -€22,291
down €22,291 (-48.5%), from €45,968 to €23,677
of which Remuneration and social security: -€22,507
- Staff costs -€131,781
down €131,781 (-28.6%), from €460,221 to €328,440
- Gross operating margin -€87,257
down €87,257 (-48.2%), from €181,001 to €93,745
- Other operating charges +€46,694
up €46,694 (+5,666%), from €824 to €47,518
- Financial charges -€40,559
down €40,559 (-73.7%), from €55,056 to €14,497
- Financial income -€2,054
down €2,054 (-95.7%), from €2,147 to €93
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €395,950 | €125,313 | -€270,636 | -68.4% |
| Fixed assets | 21/28 | €6,504 | €4,207 | -€2,296 | -35.3% |
| Intangible fixed assets | 21 | €2,161 | €1,118 | -€1,043 | -48.3% |
| Tangible fixed assets | 22/27 | €3,742 | €3,089 | -€653 | -17.5% |
| Plant, machinery and equipment | 23 | €3,742 | €3,089 | -€653 | -17.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €600 | - | -€600 | |
| Current assets | 29/58 | €389,446 | €121,106 | -€268,340 | -68.9% |
| Amounts receivable within one year | 40/41 | €347,382 | €118,078 | -€229,304 | -66.0% |
| Trade receivables | 40 | €334,113 | €118,078 | -€216,035 | -64.7% |
| Other amounts receivable | 41 | €13,270 | - | -€13,270 | |
| Cash at bank and in hand | 54/58 | €35,609 | €3,028 | -€32,581 | -91.5% |
| Deferred charges and accrued income | 490/1 | €6,454 | - | -€6,454 | |
| Total equity and liabilities | 10/49 | €395,950 | €125,313 | -€270,636 | -68.4% |
| Equity | 10/15 | -€1,106,901 | -€1,405,827 | -€298,926 | -27.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,306,901 | -€1,605,827 | -€298,926 | -22.9% |
| Amounts payable | 17/49 | €1,502,850 | €1,531,140 | +€28,290 | +1.9% |
| Amounts payable after more than one year | 17 | €1,271,163 | €1,415,982 | +€144,819 | +11.4% |
| Financial debts | 170/4 | €1,271,163 | €1,415,982 | +€144,819 | +11.4% |
| Amounts payable within one year | 42/48 | €153,223 | €94,415 | -€58,808 | -38.4% |
| Financial debts | 43 | €255 | €258 | +€3 | +1.1% |
| Credit institutions | 430/8 | €255 | €258 | +€3 | +1.1% |
| Trade debts | 44 | €107,000 | €70,480 | -€36,520 | -34.1% |
| Suppliers | 440/4 | €107,000 | €70,480 | -€36,520 | -34.1% |
| Taxes, remuneration and social security | 45 | €45,968 | €23,677 | -€22,291 | -48.5% |
| Taxes | 450/3 | €11,146 | €11,362 | +€216 | +1.9% |
| Remuneration and social security | 454/9 | €34,822 | €12,315 | -€22,507 | -64.6% |
| Accrued charges and deferred income | 492/3 | €78,464 | €20,744 | -€57,721 | -73.6% |
| Non-recurring operating income | 76A | €400 | - | -€400 | |
| Remuneration, social security and pensions | 62 | €460,221 | €328,440 | -€131,781 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,410 | €1,696 | -€1,713 | -50.2% |
| Other operating charges | 640/8 | €824 | €47,518 | +€46,694 | +5,666% |
| Non-recurring operating charges | 66A | €13,852 | €258 | -€13,594 | -98.1% |
| Gross operating margin | 9900 | €181,001 | €93,745 | -€87,257 | -48.2% |
| Operating profit (loss) | 9901 | -€297,305 | -€284,167 | +€13,138 | +4.4% |
| Financial income | 75/76B | €2,147 | €93 | -€2,054 | -95.7% |
| Recurring financial income | 75 | €2,147 | €93 | -€2,054 | -95.7% |
| Financial charges | 65/66B | €55,056 | €14,497 | -€40,559 | -73.7% |
| Recurring financial charges | 65 | €55,056 | €14,497 | -€40,559 | -73.7% |
| Profit (loss) for the period before taxes | 9903 | -€350,214 | -€298,571 | +€51,643 | +14.7% |
| Income taxes | 67/77 | €514 | €355 | -€159 | -30.9% |
| Profit (loss) for the period | 9904 | -€350,728 | -€298,926 | +€51,802 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€350,728 | -€298,926 | +€51,802 | +14.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.