Van Rompay-Mertens: 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.
Van Rompay-Mertens
Largest movements
- Cash +€172,987
up €172,987 (+95.9%), from €180,318 to €353,305
mainly Other debts (+€388,590) and Net result for the year (+€266,123)
- Tangible fixed assets -€121,465
down €121,465 (-70.6%), from €172,108 to €50,644
of which Land and buildings: -€126,482
- Receivables within one year +€47,342
up €47,342 (+338%), from €14,023 to €61,365
of which Other amounts receivable: +€47,873
- Current investments +€9,916
new in 2025: €9,916
- Other debts +€388,590
up €388,590 (+45,114%), from €861 to €389,451
- Profit (loss) carried forward -€123,328
no longer reported in 2025 (was €123,328)
- Debts after one year -€99,771
no longer reported in 2025 (was €99,771)
- Trade debts -€32,632
down €32,632 (-40.4%), from €80,791 to €48,160
- Current portion of long-term debt -€28,269
no longer reported in 2025 (was €28,269)
- Gross operating margin +€217,264
up €217,264 (+80.7%), from €269,138 to €486,402
- Taxes +€48,233
up €48,233 (+140%), from €34,502 to €82,735
- Depreciation -€10,115
down €10,115 (-53.4%), from €18,936 to €8,821
- Staff costs -€9,466
down €9,466 (-7.3%), from €128,859 to €119,394
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 | €372,383 | €481,600 | +€109,217 | +29.3% |
| Fixed assets | 21/28 | €172,608 | €51,144 | -€121,465 | -70.4% |
| Tangible fixed assets | 22/27 | €172,108 | €50,644 | -€121,465 | -70.6% |
| Land and buildings | 22 | €162,582 | €36,099 | -€126,482 | -77.8% |
| Plant, machinery and equipment | 23 | €9,527 | €14,544 | +€5,018 | +52.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €199,774 | €430,456 | +€230,682 | +115% |
| Stocks and contracts in progress | 3 | €2,733 | €2,513 | -€220 | -8.1% |
| Stocks | 30/36 | €2,733 | €2,513 | -€220 | -8.1% |
| Amounts receivable within one year | 40/41 | €14,023 | €61,365 | +€47,342 | +338% |
| Trade receivables | 40 | €9,023 | €8,492 | -€531 | -5.9% |
| Other amounts receivable | 41 | €5,000 | €52,873 | +€47,873 | +957% |
| Current investments | 50/53 | - | €9,916 | +€9,916 | |
| Cash at bank and in hand | 54/58 | €180,318 | €353,305 | +€172,987 | +95.9% |
| Deferred charges and accrued income | 490/1 | €2,701 | €3,358 | +€657 | +24.3% |
| Total equity and liabilities | 10/49 | €372,383 | €481,600 | +€109,217 | +29.3% |
| Equity | 10/15 | €143,788 | €20,460 | -€123,328 | -85.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,328 | - | -€123,328 | |
| Amounts payable | 17/49 | €228,595 | €461,140 | +€232,545 | +102% |
| Amounts payable after more than one year | 17 | €99,771 | - | -€99,771 | |
| Financial debts | 170/4 | €99,771 | - | -€99,771 | |
| Amounts payable within one year | 42/48 | €127,659 | €457,497 | +€329,838 | +258% |
| Current portion of amounts payable after more than one year | 42 | €28,269 | - | -€28,269 | |
| Trade debts | 44 | €80,791 | €48,160 | -€32,632 | -40.4% |
| Suppliers | 440/4 | €80,791 | €48,160 | -€32,632 | -40.4% |
| Taxes, remuneration and social security | 45 | €17,738 | €19,886 | +€2,148 | +12.1% |
| Taxes | 450/3 | €1,681 | €6,547 | +€4,865 | +289% |
| Remuneration and social security | 454/9 | €16,056 | €13,339 | -€2,717 | -16.9% |
| Other amounts payable | 47/48 | €861 | €389,451 | +€388,590 | +45,114% |
| Accrued charges and deferred income | 492/3 | €1,165 | €3,643 | +€2,478 | +213% |
| Non-recurring operating income | 76A | - | €284,737 | +€284,737 | |
| Remuneration, social security and pensions | 62 | €128,859 | €119,394 | -€9,466 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,936 | €8,821 | -€10,115 | -53.4% |
| Other operating charges | 640/8 | €2,789 | €973 | -€1,816 | -65.1% |
| Gross operating margin | 9900 | €269,138 | €486,402 | +€217,264 | +80.7% |
| Operating profit (loss) | 9901 | €118,553 | €357,214 | +€238,661 | +201% |
| Financial income | 75/76B | €9 | €49 | +€40 | +434% |
| Recurring financial income | 75 | €9 | €49 | +€40 | +434% |
| Financial charges | 65/66B | €8,038 | €8,405 | +€368 | +4.6% |
| Recurring financial charges | 65 | €8,038 | €8,405 | +€368 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €110,525 | €348,858 | +€238,333 | +216% |
| Income taxes | 67/77 | €34,502 | €82,735 | +€48,233 | +140% |
| Profit (loss) for the period | 9904 | €76,023 | €266,123 | +€190,100 | +250% |
| Profit (loss) for the period to be appropriated | 9905 | €76,023 | €266,123 | +€190,100 | +250% |
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 27 October 2026 via checked.be.