ALGEMENE ONDERNEMING DE RO: 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.
ALGEMENE ONDERNEMING DE RO
Largest movements
- Current investments +€246,737
up €246,737 (+12.6%), from €2.0m to €2.2m
- Receivables after one year -€37,721
no longer reported in 2025 (was €37,721)
- Tangible fixed assets +€32,310
up €32,310 (+102.2%), from €31,609 to €63,918
of which Furniture and vehicles: +€40,315
- Cash -€30,765
down €30,765 (-66.2%), from €46,498 to €15,733
mainly Current investments (-€246,737) and Contributions, distributions and other (-€224,195)
- Reserves +€91,324
up €91,324 (+3.8%), from €2.4m to €2.5m
- Other debts +€71,768
new in 2025: €71,768
- Tax, wage and social debts +€36,328
up €36,328 (+17.8%), from €203,603 to €239,931
- Financial income -€1.4m
down €1.4m (-84.4%), from €1.7m to €266,263
of which Non-recurring financial income: -€1.5m
- Gross operating margin -€122,486
down €122,486 (-35.0%), from €350,083 to €227,597
- Taxes -€114,456
down €114,456 (-43.7%), from €261,926 to €147,470
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 | €2,609,355 | €2,798,011 | +€188,656 | +7.2% |
| Fixed assets | 21/28 | €439,309 | €471,618 | +€32,310 | +7.4% |
| Tangible fixed assets | 22/27 | €31,609 | €63,918 | +€32,310 | +102.2% |
| Land and buildings | 22 | €16,770 | €9,364 | -€7,406 | -44.2% |
| Plant, machinery and equipment | 23 | €2,656 | €2,056 | -€600 | -22.6% |
| Furniture and vehicles | 24 | €12,183 | €52,498 | +€40,315 | +330.9% |
| Financial fixed assets | 28 | €407,700 | €407,700 | = | 0.0% |
| Current assets | 29/58 | €2,170,047 | €2,326,393 | +€156,346 | +7.2% |
| Amounts receivable after more than one year | 29 | €37,721 | - | -€37,721 | |
| Other amounts receivable | 291 | €37,721 | - | -€37,721 | |
| Amounts receivable within one year | 40/41 | €133,164 | €111,183 | -€21,982 | -16.5% |
| Trade receivables | 40 | €26,620 | €110,520 | +€83,900 | +315.2% |
| Other amounts receivable | 41 | €106,544 | €663 | -€105,882 | -99.4% |
| Current investments | 50/53 | €1,951,144 | €2,197,881 | +€246,737 | +12.6% |
| Cash at bank and in hand | 54/58 | €46,498 | €15,733 | -€30,765 | -66.2% |
| Deferred charges and accrued income | 490/1 | €1,520 | €1,596 | +€77 | +5.0% |
| Total equity and liabilities | 10/49 | €2,609,355 | €2,798,011 | +€188,656 | +7.2% |
| Equity | 10/15 | €2,391,489 | €2,482,813 | +€91,324 | +3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,372,889 | €2,464,213 | +€91,324 | +3.8% |
| Distributable reserves | 133 | €2,372,889 | €2,464,213 | +€91,324 | +3.8% |
| Amounts payable | 17/49 | €217,867 | €315,199 | +€97,332 | +44.7% |
| Amounts payable within one year | 42/48 | €203,603 | €314,549 | +€110,946 | +54.5% |
| Trade debts | 44 | - | €2,849 | +€2,849 | |
| Suppliers | 440/4 | - | €2,849 | +€2,849 | |
| Taxes, remuneration and social security | 45 | €203,603 | €239,931 | +€36,328 | +17.8% |
| Taxes | 450/3 | €203,603 | €239,931 | +€36,328 | +17.8% |
| Other amounts payable | 47/48 | - | €71,768 | +€71,768 | |
| Accrued charges and deferred income | 492/3 | €14,264 | €650 | -€13,614 | -95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,617 | €22,140 | +€523 | +2.4% |
| Other operating charges | 640/8 | €1,635 | €1,538 | -€97 | -5.9% |
| Gross operating margin | 9900 | €350,083 | €227,597 | -€122,486 | -35.0% |
| Operating profit (loss) | 9901 | €326,831 | €203,919 | -€122,912 | -37.6% |
| Financial income | 75/76B | €1,708,396 | €266,263 | -€1.4m | -84.4% |
| Recurring financial income | 75 | €16,273 | €116,403 | +€100,130 | +615.3% |
| Non-recurring financial income | 76B | €1,692,123 | €149,860 | -€1.5m | -91.1% |
| Financial charges | 65/66B | €3,965 | €7,192 | +€3,228 | +81.4% |
| Recurring financial charges | 65 | €3,965 | €7,192 | +€3,228 | +81.4% |
| Profit (loss) for the period before taxes | 9903 | €2,031,262 | €462,989 | -€1.6m | -77.2% |
| Income taxes | 67/77 | €261,926 | €147,470 | -€114,456 | -43.7% |
| Profit (loss) for the period | 9904 | €1,769,335 | €315,519 | -€1.5m | -82.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,769,335 | €315,519 | -€1.5m | -82.2% |
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 3 October 2026 via checked.be.