Yves Rombauts: 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.
Yves Rombauts
Largest movements
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Receivables within one year +€75,337
up €75,337 (+17.7%), from €426,711 to €502,048
of which Trade receivables: +€69,740
- Cash +€34,377
up €34,377 (+6.5%), from €527,946 to €562,323
mainly Other debts (+€877,469) and Net result for the year (+€574,606)
- Receivables after one year +€34,000
up €34,000 (+3.6%), from €952,000 to €986,000
- Reserves -€1.1m
down €1.1m (-65.4%), from €1.7m to €575,000
- Other debts +€877,469
up €877,469 (+42,008%), from €2,089 to €879,558
- Short-term financial debts +€64,517
up €64,517 (+10.3%), from €624,617 to €689,133
- Advances received +€40,000
new in 2025: €40,000
- Gross operating margin +€58,286
up €58,286 (+7.9%), from €734,516 to €792,802
- Taxes +€19,871
up €19,871 (+11.3%), from €175,499 to €195,369
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 | €2,547,790 | €2,438,755 | -€109,034 | -4.3% |
| Fixed assets | 21/28 | €376,640 | €370,731 | -€5,909 | -1.6% |
| Tangible fixed assets | 22/27 | €376,640 | €370,731 | -€5,909 | -1.6% |
| Land and buildings | 22 | €311,850 | €311,850 | = | 0.0% |
| Plant, machinery and equipment | 23 | €13,987 | €16,955 | +€2,968 | +21.2% |
| Furniture and vehicles | 24 | €50,803 | €41,926 | -€8,877 | -17.5% |
| Current assets | 29/58 | €2,171,150 | €2,068,025 | -€103,125 | -4.7% |
| Amounts receivable after more than one year | 29 | €952,000 | €986,000 | +€34,000 | +3.6% |
| Trade receivables | 290 | €952,000 | €986,000 | +€34,000 | +3.6% |
| Amounts receivable within one year | 40/41 | €426,711 | €502,048 | +€75,337 | +17.7% |
| Trade receivables | 40 | €416,416 | €486,156 | +€69,740 | +16.7% |
| Other amounts receivable | 41 | €10,295 | €15,892 | +€5,597 | +54.4% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €527,946 | €562,323 | +€34,377 | +6.5% |
| Deferred charges and accrued income | 490/1 | €14,493 | €17,654 | +€3,161 | +21.8% |
| Total equity and liabilities | 10/49 | €2,547,790 | €2,438,755 | -€109,034 | -4.3% |
| Equity | 10/15 | €1,681,202 | €594,308 | -€1.1m | -64.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,660,000 | €575,000 | -€1.1m | -65.4% |
| Distributable reserves | 133 | €1,660,000 | €575,000 | -€1.1m | -65.4% |
| Profit (loss) carried forward | 14 | €2,652 | €758 | -€1,894 | -71.4% |
| Amounts payable | 17/49 | €866,587 | €1,844,447 | +€977,860 | +113% |
| Amounts payable within one year | 42/48 | €824,602 | €1,809,253 | +€984,651 | +119% |
| Financial debts | 43 | €624,617 | €689,133 | +€64,517 | +10.3% |
| Other loans | 439 | €624,617 | €689,133 | +€64,517 | +10.3% |
| Trade debts | 44 | €13,938 | €9,803 | -€4,135 | -29.7% |
| Suppliers | 440/4 | €13,938 | €9,803 | -€4,135 | -29.7% |
| Advances received on contracts in progress | 46 | - | €40,000 | +€40,000 | |
| Taxes, remuneration and social security | 45 | €183,959 | €190,760 | +€6,801 | +3.7% |
| Taxes | 450/3 | €183,959 | €190,760 | +€6,801 | +3.7% |
| Other amounts payable | 47/48 | €2,089 | €879,558 | +€877,469 | +42,008% |
| Accrued charges and deferred income | 492/3 | €41,985 | €35,194 | -€6,791 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,494 | €14,255 | +€761 | +5.6% |
| Other operating charges | 640/8 | €1,843 | €2,263 | +€420 | +22.8% |
| Gross operating margin | 9900 | €734,516 | €792,802 | +€58,286 | +7.9% |
| Operating profit (loss) | 9901 | €719,179 | €776,284 | +€57,105 | +7.9% |
| Financial income | 75/76B | €24,831 | €24,724 | -€107 | -0.4% |
| Recurring financial income | 75 | €24,831 | €24,724 | -€107 | -0.4% |
| Financial charges | 65/66B | €30,064 | €31,032 | +€968 | +3.2% |
| Recurring financial charges | 65 | €30,064 | €31,032 | +€968 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €713,945 | €769,975 | +€56,030 | +7.8% |
| Income taxes | 67/77 | €175,499 | €195,369 | +€19,871 | +11.3% |
| Profit (loss) for the period | 9904 | €538,447 | €574,606 | +€36,159 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €538,447 | €574,606 | +€36,159 | +6.7% |
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 23 October 2026 via checked.be.