De Roode Moer: 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 Roode Moer
Largest movements
- Cash +€266,242
up €266,242 (+119.5%), from €222,797 to €489,039
mainly Net result for the year (+€239,921) and Other debts (+€37,314)
- Receivables within one year -€26,179
down €26,179 (-31.6%), from €82,822 to €56,643
of which Trade receivables: -€37,368
- Tangible fixed assets -€16,590
down €16,590 (-10.7%), from €155,680 to €139,090
of which Land and buildings: -€11,043
- Profit (loss) carried forward +€239,921
up €239,921 (+99.9%), from €240,091 to €480,012
- Other debts +€37,314
new in 2025: €37,314
- Trade debts -€36,971
down €36,971 (-35.9%), from €102,993 to €66,022
- Debts after one year -€21,563
down €21,563 (-13.9%), from €155,183 to €133,619
- Gross operating margin +€62,668
up €62,668 (+21.2%), from €295,253 to €357,922
- Purchases and services -€61,847
down €61,847 (-6.1%), from €1.0m to €957,109
- Taxes +€16,455
up €16,455 (+25.9%), from €63,518 to €79,974
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 | €551,663 | €768,532 | +€216,869 | +39.3% |
| Fixed assets | 21/28 | €185,243 | €162,050 | -€23,194 | -12.5% |
| Intangible fixed assets | 21 | €29,563 | €22,959 | -€6,604 | -22.3% |
| Tangible fixed assets | 22/27 | €155,680 | €139,090 | -€16,590 | -10.7% |
| Land and buildings | 22 | €132,054 | €121,011 | -€11,043 | -8.4% |
| Plant, machinery and equipment | 23 | €23,626 | €18,079 | -€5,547 | -23.5% |
| Current assets | 29/58 | €366,419 | €606,482 | +€240,063 | +65.5% |
| Stocks and contracts in progress | 3 | €60,800 | €60,800 | = | 0.0% |
| Stocks | 30/36 | €60,800 | €60,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €82,822 | €56,643 | -€26,179 | -31.6% |
| Trade receivables | 40 | €37,368 | €0 | -€37,368 | -100.0% |
| Other amounts receivable | 41 | €45,454 | €56,643 | +€11,189 | +24.6% |
| Cash at bank and in hand | 54/58 | €222,797 | €489,039 | +€266,242 | +119.5% |
| Total equity and liabilities | 10/49 | €551,663 | €768,532 | +€216,869 | +39.3% |
| Equity | 10/15 | €270,091 | €510,012 | +€239,921 | +88.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Capital | 10 | €30,000 | - | -€30,000 | |
| Issued capital | 100 | €30,000 | - | -€30,000 | |
| Profit (loss) carried forward | 14 | €240,091 | €480,012 | +€239,921 | +99.9% |
| Amounts payable | 17/49 | €281,571 | €258,520 | -€23,052 | -8.2% |
| Amounts payable after more than one year | 17 | €155,183 | €133,619 | -€21,563 | -13.9% |
| Financial debts | 170/4 | €155,183 | €133,619 | -€21,563 | -13.9% |
| Amounts payable within one year | 42/48 | €126,389 | €124,900 | -€1,489 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €21,563 | €21,563 | = | 0.0% |
| Trade debts | 44 | €102,993 | €66,022 | -€36,971 | -35.9% |
| Suppliers | 440/4 | €102,993 | €66,022 | -€36,971 | -35.9% |
| Taxes, remuneration and social security | 45 | €1,832 | €0 | -€1,832 | -100.0% |
| Taxes | 450/3 | €1,832 | €0 | -€1,832 | -100.0% |
| Other amounts payable | 47/48 | - | €37,314 | +€37,314 | |
| Turnover | 70 | €1,314,210 | €1,315,031 | +€821 | +0.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,018,956 | €957,109 | -€61,847 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,817 | €23,194 | -€3,624 | -13.5% |
| Other operating charges | 640/8 | €9,960 | €12,025 | +€2,065 | +20.7% |
| Gross operating margin | 9900 | €295,253 | €357,922 | +€62,668 | +21.2% |
| Operating profit (loss) | 9901 | €258,476 | €322,703 | +€64,227 | +24.8% |
| Financial charges | 65/66B | €3,721 | €2,809 | -€912 | -24.5% |
| Recurring financial charges | 65 | €3,721 | €2,809 | -€912 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €254,756 | €319,894 | +€65,139 | +25.6% |
| Income taxes | 67/77 | €63,518 | €79,974 | +€16,455 | +25.9% |
| Profit (loss) for the period | 9904 | €191,237 | €239,921 | +€48,683 | +25.5% |
| Transfer to tax-exempt reserves | 689 | €98,180 | - | -€98,180 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,058 | €239,921 | +€146,863 | +157.8% |
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 5 October 2026 via checked.be.