ROOFCOVER: 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.
What changed
ROOFCOVER
NACE 43.410, Roofing work
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€554,056
2024 · €680,099-€126,043
Equity
€1.3m
2024 · €1.4m-€159,397
Cash
€951,168
2024 · €938,464+€12,704
Balance sheet total
€3.1m
2024 · €3.1m-€31,320
Largest movements
Assets
- Stocks and contracts +€113,497
up €113,497 (+64.9%), from €174,977 to €288,474
- Current investments -€112,519
down €112,519 (-100.0%), from €112,519 to €0
- Tangible fixed assets -€65,201
down €65,201 (-8.0%), from €814,496 to €749,295
of which Land and buildings: -€42,471
- Deferred charges and accrued income +€40,811
up €40,811 (+250.4%), from €16,301 to €57,111
Equity and liabilities
- Reserves -€159,397
down €159,397 (-22.3%), from €713,621 to €554,225
- Trade debts +€158,586
up €158,586 (+30.4%), from €521,906 to €680,492
- Accrued charges and deferred income -€99,403
down €99,403 (-33.5%), from €296,490 to €197,087
- Debts after one year +€49,170
up €49,170 (+12.3%), from €400,113 to €449,282
Income statement
- Staff costs +€345,404
up €345,404 (+12.6%), from €2.7m to €3.1m
- Gross operating margin +€249,176
up €249,176 (+6.4%), from €3.9m to €4.1m
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.
Result 2024
€680,099
Gross operating margin
+€249,176
Staff costs
-€345,404
Depreciation
-€39,619
Write-downs
-€24,417
Other operating charges
-€8,610
Other operating items
-€3,011
Financial income
+€11,984
Financial charges
-€964
Taxes
+€34,822
Result 2025
€554,056
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.
From operations
+€694,430
Investment
-€44,284
Financing
-€637,443
Cash 2024
€938,464
From operations (derived)
+€694,430
Net result for the year
+€554,056
Depreciation
+€222,139
Stocks and contracts
-€113,497
Receivables within one year
+€20,476
Deferred charges and accrued income
-€40,811
Trade debts
+€158,586
Tax, wage and social debts
-€9,523
Advances received
+€3,296
Other debts
-€890
Accrued charges and deferred income
-€99,403
Investment (derived)
-€44,284
Investment in fixed assets (net)
-€156,803
Current investments
+€112,519
Financing
-€637,443
Debts after one year
+€49,170
Current portion of long-term debt
+€26,840
Contributions, distributions and other
-€713,453
Cash 2025
€951,168
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,149,587 | €3,118,268 | -€31,320 | -1.0% |
| Fixed assets | 21/28 | €814,631 | €749,295 | -€65,336 | -8.0% |
| Tangible fixed assets | 22/27 | €814,496 | €749,295 | -€65,201 | -8.0% |
| Land and buildings | 22 | €288,081 | €245,610 | -€42,471 | -14.7% |
| Plant, machinery and equipment | 23 | €58,133 | €43,297 | -€14,836 | -25.5% |
| Furniture and vehicles | 24 | €468,282 | €437,304 | -€30,978 | -6.6% |
| Leasing and similar rights | 25 | - | €23,084 | +€23,084 | |
| Financial fixed assets | 28 | €135 | €0 | -€135 | -100.0% |
| Current assets | 29/58 | €2,334,957 | €2,368,973 | +€34,016 | +1.5% |
| Stocks and contracts in progress | 3 | €174,977 | €288,474 | +€113,497 | +64.9% |
| Stocks | 30/36 | €174,977 | €288,474 | +€113,497 | +64.9% |
| Amounts receivable within one year | 40/41 | €1,092,696 | €1,072,220 | -€20,476 | -1.9% |
| Trade receivables | 40 | €965,767 | €946,667 | -€19,100 | -2.0% |
| Other amounts receivable | 41 | €126,929 | €125,553 | -€1,376 | -1.1% |
| Current investments | 50/53 | €112,519 | €0 | -€112,519 | -100.0% |
| Cash at bank and in hand | 54/58 | €938,464 | €951,168 | +€12,704 | +1.4% |
| Deferred charges and accrued income | 490/1 | €16,301 | €57,111 | +€40,811 | +250.4% |
| Total equity and liabilities | 10/49 | €3,149,587 | €3,118,268 | -€31,320 | -1.0% |
| Equity | 10/15 | €1,413,720 | €1,254,324 | -€159,397 | -11.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €713,621 | €554,225 | -€159,397 | -22.3% |
| Distributable reserves | 133 | €713,621 | €554,225 | -€159,397 | -22.3% |
| Profit (loss) carried forward | 14 | €680,099 | €680,099 | = | 0.0% |
| Amounts payable | 17/49 | €1,735,867 | €1,863,944 | +€128,077 | +7.4% |
| Amounts payable after more than one year | 17 | €400,113 | €449,282 | +€49,170 | +12.3% |
| Financial debts | 170/4 | €400,113 | €449,282 | +€49,170 | +12.3% |
| Amounts payable within one year | 42/48 | €1,039,264 | €1,217,574 | +€178,310 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €142,266 | €169,106 | +€26,840 | +18.9% |
| Trade debts | 44 | €521,906 | €680,492 | +€158,586 | +30.4% |
| Suppliers | 440/4 | €521,906 | €680,492 | +€158,586 | +30.4% |
| Advances received on contracts in progress | 46 | €4,462 | €7,759 | +€3,296 | +73.9% |
| Taxes, remuneration and social security | 45 | €369,740 | €360,217 | -€9,523 | -2.6% |
| Taxes | 450/3 | €34 | €24,472 | +€24,438 | +71897.5% |
| Remuneration and social security | 454/9 | €369,706 | €335,745 | -€33,961 | -9.2% |
| Other amounts payable | 47/48 | €890 | €0 | -€890 | -100.0% |
| Accrued charges and deferred income | 492/3 | €296,490 | €197,087 | -€99,403 | -33.5% |
| Non-recurring operating income | 76A | €5,221 | €103,973 | +€98,752 | +1891.6% |
| Remuneration, social security and pensions | 62 | €2,738,167 | €3,083,571 | +€345,404 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,520 | €222,139 | +€39,619 | +21.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €24,417 | +€24,417 | |
| Other operating charges | 640/8 | €15,554 | €24,164 | +€8,610 | +55.4% |
| Non-recurring operating charges | 66A | €2,520 | €5,531 | +€3,011 | +119.5% |
| Gross operating margin | 9900 | €3,884,092 | €4,133,268 | +€249,176 | +6.4% |
| Operating profit (loss) | 9901 | €945,331 | €773,446 | -€171,885 | -18.2% |
| Financial income | 75/76B | €2,522 | €14,506 | +€11,984 | +475.2% |
| Recurring financial income | 75 | €2,522 | €14,506 | +€11,984 | +475.2% |
| Financial charges | 65/66B | €36,885 | €37,849 | +€964 | +2.6% |
| Recurring financial charges | 65 | €36,885 | €37,849 | +€964 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €910,968 | €750,103 | -€160,865 | -17.7% |
| Income taxes | 67/77 | €230,869 | €196,047 | -€34,822 | -15.1% |
| Profit (loss) for the period | 9904 | €680,099 | €554,056 | -€126,043 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €680,099 | €554,056 | -€126,043 | -18.5% |
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 8 October 2026 via checked.be.