DE RODE LOPER: 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 RODE LOPER
Largest movements
- Tangible fixed assets +€109,316
up €109,316 (+269%), from €40,622 to €149,938
of which Plant, machinery and equipment: +€71,936
- Receivables within one year +€94,534
up €94,534 (+222%), from €42,597 to €137,131
of which Trade receivables: +€95,673
- Receivables after one year -€30,000
down €30,000 (-55.6%), from €54,000 to €24,000
- Reserves +€113,894
up €113,894 (+676%), from €16,860 to €130,754
of which Distributable reserves: +€113,894
- Other debts +€71,237
up €71,237 (+455%), from €15,667 to €86,904
- Profit (loss) carried forward -€42,744
no longer reported in 2025 (was €42,744)
- Accrued charges and deferred income +€12,949
up €12,949 (+49.2%), from €26,324 to €39,273
- Trade debts +€11,031
up €11,031 (+36.7%), from €30,032 to €41,064
- Gross operating margin +€149,464
up €149,464 (+161%), from €92,780 to €242,244
- Depreciation +€38,003
up €38,003 (+113%), from €33,734 to €71,737
- Taxes +€14,017
up €14,017 (+189%), from €7,416 to €21,434
- Financial charges +€5,472
up €5,472 (+28.0%), from €19,551 to €25,024
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 | €161,793 | €333,029 | +€171,235 | +106% |
| Fixed assets | 21/28 | €45,122 | €154,438 | +€109,316 | +242% |
| Tangible fixed assets | 22/27 | €40,622 | €149,938 | +€109,316 | +269% |
| Plant, machinery and equipment | 23 | €40,622 | €112,558 | +€71,936 | +177% |
| Furniture and vehicles | 24 | - | €37,380 | +€37,380 | |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €116,671 | €178,591 | +€61,920 | +53.1% |
| Amounts receivable after more than one year | 29 | €54,000 | €24,000 | -€30,000 | -55.6% |
| Other amounts receivable | 291 | €54,000 | €24,000 | -€30,000 | -55.6% |
| Amounts receivable within one year | 40/41 | €42,597 | €137,131 | +€94,534 | +222% |
| Trade receivables | 40 | €35,797 | €131,470 | +€95,673 | +267% |
| Other amounts receivable | 41 | €6,800 | €5,662 | -€1,138 | -16.7% |
| Cash at bank and in hand | 54/58 | €20,074 | €17,459 | -€2,615 | -13.0% |
| Total equity and liabilities | 10/49 | €161,793 | €333,029 | +€171,235 | +106% |
| Equity | 10/15 | €73,204 | €144,354 | +€71,150 | +97.2% |
| Contributions | 10/11 | €13,600 | €13,600 | = | 0.0% |
| Reserves | 13 | €16,860 | €130,754 | +€113,894 | +676% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €128,894 | +€113,894 | +759% |
| Profit (loss) carried forward | 14 | €42,744 | - | -€42,744 | |
| Amounts payable | 17/49 | €88,589 | €188,675 | +€100,086 | +113% |
| Amounts payable within one year | 42/48 | €62,265 | €149,401 | +€87,137 | +140% |
| Trade debts | 44 | €30,032 | €41,064 | +€11,031 | +36.7% |
| Suppliers | 440/4 | €30,032 | €41,064 | +€11,031 | +36.7% |
| Taxes, remuneration and social security | 45 | €16,565 | €21,434 | +€4,869 | +29.4% |
| Taxes | 450/3 | €16,565 | €21,434 | +€4,869 | +29.4% |
| Other amounts payable | 47/48 | €15,667 | €86,904 | +€71,237 | +455% |
| Accrued charges and deferred income | 492/3 | €26,324 | €39,273 | +€12,949 | +49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,734 | €71,737 | +€38,003 | +113% |
| Other operating charges | 640/8 | €8,236 | €6,607 | -€1,629 | -19.8% |
| Non-recurring operating charges | 66A | - | €46,316 | +€46,316 | |
| Gross operating margin | 9900 | €92,780 | €242,244 | +€149,464 | +161% |
| Operating profit (loss) | 9901 | €50,809 | €117,584 | +€66,775 | +131% |
| Financial income | 75/76B | €113 | €23 | -€89 | -79.2% |
| Recurring financial income | 75 | €113 | €23 | -€89 | -79.2% |
| Financial charges | 65/66B | €19,551 | €25,024 | +€5,472 | +28.0% |
| Recurring financial charges | 65 | €19,551 | €25,024 | +€5,472 | +28.0% |
| Profit (loss) for the period before taxes | 9903 | €31,370 | €92,583 | +€61,213 | +195% |
| Income taxes | 67/77 | €7,416 | €21,434 | +€14,017 | +189% |
| Profit (loss) for the period | 9904 | €23,954 | €71,150 | +€47,196 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €23,954 | €71,150 | +€47,196 | +197% |
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 14 October 2026 via checked.be.