DE RO: 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.
DE RO
Largest movements
- Receivables within one year -€44,811
down €44,811 (-24.5%), from €182,562 to €137,751
of which Trade receivables: -€45,190
- Current investments +€31,146
up €31,146 (+11.1%), from €279,630 to €310,776
- Tangible fixed assets +€11,205
up €11,205 (+3.3%), from €344,292 to €355,497
of which Leasing and similar rights: +€48,854
- Other debts -€15,198
down €15,198 (-4.0%), from €381,068 to €365,870
- Trade debts +€13,590
new in 2025: €13,590
- Purchases and services -€34,783
down €34,783 (-28.4%), from €122,416 to €87,633
- Turnover -€18,706
down €18,706 (-12.5%), from €150,064 to €131,358
- Gross operating margin -€11,625
down €11,625 (-20.9%), from €55,572 to €43,947
- Financial income -€6,951
down €6,951 (-92.7%), from €7,496 to €545
- Taxes -€4,035
down €4,035, from €1,852 to -€2,183
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 | €887,198 | €887,249 | +€51 | 0.0% |
| Fixed assets | 21/28 | €345,292 | €356,497 | +€11,205 | +3.2% |
| Tangible fixed assets | 22/27 | €344,292 | €355,497 | +€11,205 | +3.3% |
| Land and buildings | 22 | €253,695 | €239,749 | -€13,946 | -5.5% |
| Plant, machinery and equipment | 23 | €9,080 | €5,098 | -€3,982 | -43.9% |
| Furniture and vehicles | 24 | €81,517 | €61,796 | -€19,721 | -24.2% |
| Leasing and similar rights | 25 | - | €48,854 | +€48,854 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €541,906 | €530,752 | -€11,154 | -2.1% |
| Amounts receivable within one year | 40/41 | €182,562 | €137,751 | -€44,811 | -24.5% |
| Trade receivables | 40 | €157,902 | €112,712 | -€45,190 | -28.6% |
| Other amounts receivable | 41 | €24,660 | €25,039 | +€379 | +1.5% |
| Current investments | 50/53 | €279,630 | €310,776 | +€31,146 | +11.1% |
| Cash at bank and in hand | 54/58 | €79,714 | €82,225 | +€2,511 | +3.2% |
| Total equity and liabilities | 10/49 | €887,198 | €887,249 | +€51 | 0.0% |
| Equity | 10/15 | €506,130 | €507,789 | +€1,659 | +0.3% |
| Contributions | 10/11 | €27,268 | €27,268 | = | 0.0% |
| Capital | 10 | €27,268 | €27,268 | = | 0.0% |
| Issued capital | 100 | €27,268 | €27,268 | = | 0.0% |
| Revaluation surpluses | 12 | €5,330 | €5,330 | = | 0.0% |
| Reserves | 13 | €61,882 | €61,882 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,727 | €2,727 | = | 0.0% |
| Legal reserve | 130 | €2,727 | €2,727 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,618 | €4,618 | = | 0.0% |
| Distributable reserves | 133 | €54,537 | €54,537 | = | 0.0% |
| Profit (loss) carried forward | 14 | €411,650 | €413,309 | +€1,659 | +0.4% |
| Amounts payable | 17/49 | €381,068 | €379,460 | -€1,608 | -0.4% |
| Amounts payable within one year | 42/48 | €381,068 | €379,460 | -€1,608 | -0.4% |
| Trade debts | 44 | - | €13,590 | +€13,590 | |
| Suppliers | 440/4 | - | €13,590 | +€13,590 | |
| Other amounts payable | 47/48 | €381,068 | €365,870 | -€15,198 | -4.0% |
| Turnover | 70 | €150,064 | €131,358 | -€18,706 | -12.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €122,416 | €87,633 | -€34,783 | -28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,650 | €37,650 | = | 0.0% |
| Other operating charges | 640/8 | €3,113 | €6,758 | +€3,645 | +117% |
| Gross operating margin | 9900 | €55,572 | €43,947 | -€11,625 | -20.9% |
| Operating profit (loss) | 9901 | €14,809 | -€461 | -€15,270 | |
| Financial income | 75/76B | €7,496 | €545 | -€6,951 | -92.7% |
| Recurring financial income | 75 | €7,496 | €545 | -€6,951 | -92.7% |
| Financial charges | 65/66B | €986 | €608 | -€378 | -38.3% |
| Recurring financial charges | 65 | €986 | €608 | -€378 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €21,319 | -€524 | -€21,843 | |
| Income taxes | 67/77 | €1,852 | -€2,183 | -€4,035 | |
| Profit (loss) for the period | 9904 | €19,467 | €1,659 | -€17,808 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,467 | €1,659 | -€17,808 | -91.5% |
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 15 October 2026 via checked.be.