A.ROGIERS: 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.
A.ROGIERS
Largest movements
- Cash -€24,721
down €24,721 (-74.8%), from €33,047 to €8,327
mainly Debts after one year (-€36,851) and Investment in fixed assets (net) (-€27,494)
- Receivables within one year +€20,917
up €20,917 (+70.1%), from €29,821 to €50,738
of which Trade receivables: +€17,830
- Debts after one year -€36,851
down €36,851 (-5.8%), from €631,821 to €594,970
of which Financial debts: -€36,851
- Trade debts +€28,180
up €28,180 (+1,057%), from €2,666 to €30,846
- Reserves +€11,284
up €11,284 (+4.2%), from €266,461 to €277,745
- Gross operating margin +€1,818
up €1,818 (+3.2%), from €55,973 to €57,792
- Other operating charges +€1,567
up €1,567 (+48.1%), from €3,256 to €4,823
- Financial charges -€829
down €829 (-9.6%), from €8,612 to €7,783
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 | €1,002,118 | €1,000,511 | -€1,607 | -0.2% |
| Fixed assets | 21/28 | €836,034 | €837,130 | +€1,097 | +0.1% |
| Tangible fixed assets | 22/27 | €511,009 | €512,105 | +€1,097 | +0.2% |
| Land and buildings | 22 | €492,901 | €472,207 | -€20,694 | -4.2% |
| Furniture and vehicles | 24 | €1,049 | €27,517 | +€26,468 | +2,523% |
| Other tangible fixed assets | 26 | €17,058 | €12,381 | -€4,677 | -27.4% |
| Financial fixed assets | 28 | €325,025 | €325,025 | = | 0.0% |
| Current assets | 29/58 | €166,085 | €163,381 | -€2,704 | -1.6% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,821 | €50,738 | +€20,917 | +70.1% |
| Trade receivables | 40 | €27,830 | €45,660 | +€17,830 | +64.1% |
| Other amounts receivable | 41 | €1,991 | €5,078 | +€3,087 | +155% |
| Cash at bank and in hand | 54/58 | €33,047 | €8,327 | -€24,721 | -74.8% |
| Deferred charges and accrued income | 490/1 | €3,216 | €4,317 | +€1,100 | +34.2% |
| Total equity and liabilities | 10/49 | €1,002,118 | €1,000,511 | -€1,607 | -0.2% |
| Equity | 10/15 | €316,461 | €327,745 | +€11,284 | +3.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €266,461 | €277,745 | +€11,284 | +4.2% |
| Distributable reserves | 133 | €266,461 | €277,745 | +€11,284 | +4.2% |
| Amounts payable | 17/49 | €685,657 | €672,766 | -€12,891 | -1.9% |
| Amounts payable after more than one year | 17 | €631,821 | €594,970 | -€36,851 | -5.8% |
| Financial debts | 170/4 | €356,821 | €319,970 | -€36,851 | -10.3% |
| Other amounts payable | 178/9 | €275,000 | €275,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €51,568 | €73,723 | +€22,155 | +43.0% |
| Current portion of amounts payable after more than one year | 42 | €37,240 | €36,851 | -€389 | -1.0% |
| Trade debts | 44 | €2,666 | €30,846 | +€28,180 | +1,057% |
| Suppliers | 440/4 | €2,666 | €30,846 | +€28,180 | +1,057% |
| Taxes, remuneration and social security | 45 | €10,234 | €6,026 | -€4,209 | -41.1% |
| Taxes | 450/3 | €7,964 | €3,731 | -€4,233 | -53.1% |
| Remuneration and social security | 454/9 | €2,270 | €2,294 | +€24 | +1.1% |
| Other amounts payable | 47/48 | €1,427 | - | -€1,427 | |
| Accrued charges and deferred income | 492/3 | €2,268 | €4,073 | +€1,805 | +79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,874 | €26,397 | -€477 | -1.8% |
| Other operating charges | 640/8 | €3,256 | €4,823 | +€1,567 | +48.1% |
| Gross operating margin | 9900 | €55,973 | €57,792 | +€1,818 | +3.2% |
| Operating profit (loss) | 9901 | €25,843 | €26,571 | +€728 | +2.8% |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Financial charges | 65/66B | €8,612 | €7,783 | -€829 | -9.6% |
| Recurring financial charges | 65 | €8,612 | €7,783 | -€829 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €17,231 | €18,827 | +€1,596 | +9.3% |
| Income taxes | 67/77 | €7,018 | €7,543 | +€526 | +7.5% |
| Profit (loss) for the period | 9904 | €10,213 | €11,284 | +€1,070 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,213 | €11,284 | +€1,070 | +10.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.