DE ROO: 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.
DE ROO
Largest movements
- Receivables within one year +€483,810
up €483,810 (+55.8%), from €866,508 to €1.4m
of which Trade receivables: +€453,860
- Cash -€110,988
down €110,988 (-32.0%), from €346,471 to €235,483
mainly Receivables within one year (-€483,810) and Investment in fixed assets (net) (-€189,777)
- Tangible fixed assets +€98,419
up €98,419 (+35.8%), from €275,149 to €373,568
of which Plant, machinery and equipment: +€89,572
- Deferred charges and accrued income +€41,836
new in 2025: €41,836
- Stocks and contracts +€30,051
up €30,051 (+9.1%), from €329,332 to €359,382
of which Contracts in progress: +€34,950
- Trade debts +€276,419
up €276,419 (+50.6%), from €546,015 to €822,434
- Reserves +€153,363
up €153,363 (+15.6%), from €985,430 to €1.1m
of which Distributable reserves: +€153,363
- Debts after one year +€95,187
up €95,187 (+107.3%), from €88,693 to €183,880
- Tax, wage and social debts +€28,961
up €28,961 (+27.7%), from €104,501 to €133,462
of which Remuneration and social security: +€17,394
- Gross operating margin +€344,916
up €344,916 (+22.0%), from €1.6m to €1.9m
- Staff costs +€135,616
up €135,616 (+9.3%), from €1.5m to €1.6m
- Other operating charges +€39,844
up €39,844 (+651.8%), from €6,113 to €45,957
- Taxes +€36,416
up €36,416 (+206.4%), from €17,642 to €54,058
- Depreciation +€20,163
up €20,163 (+34.4%), from €58,632 to €78,795
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 | €1,828,683 | €2,384,374 | +€555,691 | +30.4% |
| Fixed assets | 21/28 | €286,372 | €397,354 | +€110,982 | +38.8% |
| Intangible fixed assets | 21 | €4,072 | €20,066 | +€15,994 | +392.8% |
| Tangible fixed assets | 22/27 | €275,149 | €373,568 | +€98,419 | +35.8% |
| Plant, machinery and equipment | 23 | €49,585 | €139,157 | +€89,572 | +180.6% |
| Furniture and vehicles | 24 | €87,725 | €100,813 | +€13,088 | +14.9% |
| Other tangible fixed assets | 26 | €137,839 | €133,598 | -€4,241 | -3.1% |
| Financial fixed assets | 28 | €7,151 | €3,720 | -€3,431 | -48.0% |
| Current assets | 29/58 | €1,542,311 | €1,987,020 | +€444,709 | +28.8% |
| Stocks and contracts in progress | 3 | €329,332 | €359,382 | +€30,051 | +9.1% |
| Stocks | 30/36 | €140,181 | €135,281 | -€4,899 | -3.5% |
| Contracts in progress | 37 | €189,151 | €224,101 | +€34,950 | +18.5% |
| Amounts receivable within one year | 40/41 | €866,508 | €1,350,318 | +€483,810 | +55.8% |
| Trade receivables | 40 | €865,819 | €1,319,679 | +€453,860 | +52.4% |
| Other amounts receivable | 41 | €689 | €30,639 | +€29,950 | +4345.9% |
| Cash at bank and in hand | 54/58 | €346,471 | €235,483 | -€110,988 | -32.0% |
| Deferred charges and accrued income | 490/1 | - | €41,836 | +€41,836 | |
| Total equity and liabilities | 10/49 | €1,828,683 | €2,384,374 | +€555,691 | +30.4% |
| Equity | 10/15 | €1,047,430 | €1,200,793 | +€153,363 | +14.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €985,430 | €1,138,793 | +€153,363 | +15.6% |
| Non-distributable reserves | 130/1 | €8,679 | €8,679 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €0 | -€2,479 | -100.0% |
| Other | 1319 | - | €2,479 | +€2,479 | |
| Distributable reserves | 133 | €976,752 | €1,130,114 | +€153,363 | +15.7% |
| Amounts payable | 17/49 | €781,253 | €1,183,581 | +€402,328 | +51.5% |
| Amounts payable after more than one year | 17 | €88,693 | €183,880 | +€95,187 | +107.3% |
| Financial debts | 170/4 | €88,693 | €183,880 | +€95,187 | +107.3% |
| Amounts payable within one year | 42/48 | €692,560 | €999,701 | +€307,141 | +44.3% |
| Current portion of amounts payable after more than one year | 42 | €24,719 | €25,452 | +€734 | +3.0% |
| Financial debts | 43 | - | €215 | +€215 | |
| Credit institutions | 430/8 | - | €215 | +€215 | |
| Trade debts | 44 | €546,015 | €822,434 | +€276,419 | +50.6% |
| Suppliers | 440/4 | €546,015 | €822,434 | +€276,419 | +50.6% |
| Taxes, remuneration and social security | 45 | €104,501 | €133,462 | +€28,961 | +27.7% |
| Taxes | 450/3 | €10,201 | €21,768 | +€11,567 | +113.4% |
| Remuneration and social security | 454/9 | €94,300 | €111,694 | +€17,394 | +18.4% |
| Other amounts payable | 47/48 | €17,325 | €18,138 | +€813 | +4.7% |
| Non-recurring operating income | 76A | €7,013 | €1,623 | -€5,390 | -76.9% |
| Remuneration, social security and pensions | 62 | €1,465,216 | €1,600,832 | +€135,616 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,632 | €78,795 | +€20,163 | +34.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€5,311 | -€5,311 | |
| Other operating charges | 640/8 | €6,113 | €45,957 | +€39,844 | +651.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,570,432 | €1,915,349 | +€344,916 | +22.0% |
| Operating profit (loss) | 9901 | €40,472 | €195,075 | +€154,604 | +382.0% |
| Financial income | 75/76B | €21,775 | €17,035 | -€4,740 | -21.8% |
| Recurring financial income | 75 | €21,775 | €17,035 | -€4,740 | -21.8% |
| Financial charges | 65/66B | €12,745 | €4,690 | -€8,055 | -63.2% |
| Recurring financial charges | 65 | €12,745 | €4,690 | -€8,055 | -63.2% |
| Profit (loss) for the period before taxes | 9903 | €49,501 | €207,420 | +€157,919 | +319.0% |
| Income taxes | 67/77 | €17,642 | €54,058 | +€36,416 | +206.4% |
| Profit (loss) for the period | 9904 | €31,859 | €153,363 | +€121,503 | +381.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,859 | €153,363 | +€121,503 | +381.4% |
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 7 October 2026 via checked.be.