THOMAS ROMMEL: 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.
THOMAS ROMMEL
Largest movements
- Receivables within one year -€33,297
down €33,297 (-64.3%), from €51,779 to €18,482
of which Trade receivables: -€33,226
- Deferred charges and accrued income +€12,108
new in 2025: €12,108
- Tangible fixed assets -€8,637
down €8,637 (-6.6%), from €129,943 to €121,306
of which Furniture and vehicles: -€5,710
- Cash +€7,070
up €7,070 (+13.4%), from €52,750 to €59,820
mainly Receivables within one year (+€33,297) and Depreciation (+€14,257)
- Stocks and contracts +€4,730
up €4,730 (+163.8%), from €2,888 to €7,618
- Profit (loss) carried forward -€19,200
new in 2025: -€19,200
- Tax, wage and social debts -€4,113
down €4,113 (-37.9%), from €10,867 to €6,753
of which Taxes: -€8,917
- Debts after one year +€2,655
up €2,655 (+2.3%), from €117,317 to €119,972
- Gross operating margin -€65,836
down €65,836 (-59.6%), from €110,450 to €44,614
- Taxes -€14,068
down €14,068 (-100.0%), from €14,068 to €0
- Staff costs +€7,854
up €7,854 (+21.5%), from €36,532 to €44,386
- Depreciation +€1,394
up €1,394 (+10.8%), from €12,863 to €14,257
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €237,360 | €219,335 | -€18,025 | -7.6% |
| Fixed assets | 21/28 | €129,943 | €121,306 | -€8,637 | -6.6% |
| Tangible fixed assets | 22/27 | €129,943 | €121,306 | -€8,637 | -6.6% |
| Land and buildings | 22 | €101,782 | €97,347 | -€4,435 | -4.4% |
| Plant, machinery and equipment | 23 | €10,664 | €12,173 | +€1,509 | +14.1% |
| Furniture and vehicles | 24 | €17,496 | €11,786 | -€5,710 | -32.6% |
| Current assets | 29/58 | €107,417 | €98,029 | -€9,388 | -8.7% |
| Stocks and contracts in progress | 3 | €2,888 | €7,618 | +€4,730 | +163.8% |
| Stocks | 30/36 | €2,888 | €7,618 | +€4,730 | +163.8% |
| Amounts receivable within one year | 40/41 | €51,779 | €18,482 | -€33,297 | -64.3% |
| Trade receivables | 40 | €51,709 | €18,482 | -€33,226 | -64.3% |
| Other amounts receivable | 41 | €71 | €0 | -€71 | -100.0% |
| Cash at bank and in hand | 54/58 | €52,750 | €59,820 | +€7,070 | +13.4% |
| Deferred charges and accrued income | 490/1 | - | €12,108 | +€12,108 | |
| Total equity and liabilities | 10/49 | €237,360 | €219,335 | -€18,025 | -7.6% |
| Equity | 10/15 | €94,817 | €75,617 | -€19,200 | -20.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €91,817 | €91,817 | = | 0.0% |
| Distributable reserves | 133 | €91,817 | €91,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€19,200 | -€19,200 | |
| Amounts payable | 17/49 | €142,542 | €143,718 | +€1,176 | +0.8% |
| Amounts payable after more than one year | 17 | €117,317 | €119,972 | +€2,655 | +2.3% |
| Financial debts | 170/4 | €117,317 | €119,972 | +€2,655 | +2.3% |
| Amounts payable within one year | 42/48 | €25,225 | €23,746 | -€1,479 | -5.9% |
| Trade debts | 44 | €5,175 | €7,421 | +€2,246 | +43.4% |
| Suppliers | 440/4 | €5,175 | €7,421 | +€2,246 | +43.4% |
| Taxes, remuneration and social security | 45 | €10,867 | €6,753 | -€4,113 | -37.9% |
| Taxes | 450/3 | €10,090 | €1,173 | -€8,917 | -88.4% |
| Remuneration and social security | 454/9 | €776 | €5,580 | +€4,804 | +618.9% |
| Other amounts payable | 47/48 | €9,184 | €9,572 | +€388 | +4.2% |
| Remuneration, social security and pensions | 62 | €36,532 | €44,386 | +€7,854 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,863 | €14,257 | +€1,394 | +10.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,026 | €1,530 | +€504 | +49.1% |
| Gross operating margin | 9900 | €110,450 | €44,614 | -€65,836 | -59.6% |
| Operating profit (loss) | 9901 | €60,029 | -€15,559 | -€75,587 | |
| Financial income | 75/76B | €1 | €220 | +€219 | +16964.3% |
| Recurring financial income | 75 | €1 | €220 | +€219 | +16964.3% |
| Financial charges | 65/66B | €4,604 | €3,862 | -€742 | -16.1% |
| Recurring financial charges | 65 | €4,604 | €3,862 | -€742 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €55,426 | -€19,200 | -€74,627 | |
| Income taxes | 67/77 | €14,068 | €0 | -€14,068 | -100.0% |
| Profit (loss) for the period | 9904 | €41,359 | -€19,200 | -€60,559 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,359 | -€19,200 | -€60,559 |
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 5 October 2026 via checked.be.