DR RODRIGUEZ & FORERO: 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.
DR RODRIGUEZ & FORERO
Largest movements
- Receivables within one year -€198,783
down €198,783 (-99.5%), from €199,707 to €925
of which Other amounts receivable: -€199,707
- Deferred charges and accrued income +€7,952
up €7,952 (+58.1%), from €13,681 to €21,633
- Cash -€6,771
down €6,771 (-4.9%), from €139,408 to €132,637
mainly Contributions, distributions and other (-€349,781) and Deferred charges and accrued income (-€7,952)
- Tangible fixed assets -€4,268
down €4,268 (-80.1%), from €5,325 to €1,057
- Profit (loss) carried forward -€237,137
down €237,137 (-67.8%), from €349,781 to €112,645
- Other debts +€38,107
new in 2025: €38,107
- Gross operating margin -€25,630
down €25,630 (-14.2%), from €180,137 to €154,507
- Financial income -€7,821
no longer reported in 2025 (was €7,821)
- Taxes -€7,714
down €7,714 (-18.6%), from €41,440 to €33,726
- Depreciation -€1,805
down €1,805 (-24.8%), from €7,282 to €5,478
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 | €358,121 | €156,252 | -€201,870 | -56.4% |
| Fixed assets | 21/28 | €5,325 | €1,057 | -€4,268 | -80.1% |
| Tangible fixed assets | 22/27 | €5,325 | €1,057 | -€4,268 | -80.1% |
| Furniture and vehicles | 24 | €5,325 | €1,057 | -€4,268 | -80.1% |
| Current assets | 29/58 | €352,797 | €155,195 | -€197,602 | -56.0% |
| Amounts receivable within one year | 40/41 | €199,707 | €925 | -€198,783 | -99.5% |
| Trade receivables | 40 | - | €925 | +€925 | |
| Other amounts receivable | 41 | €199,707 | - | -€199,707 | |
| Cash at bank and in hand | 54/58 | €139,408 | €132,637 | -€6,771 | -4.9% |
| Deferred charges and accrued income | 490/1 | €13,681 | €21,633 | +€7,952 | +58.1% |
| Total equity and liabilities | 10/49 | €358,121 | €156,252 | -€201,870 | -56.4% |
| Equity | 10/15 | €352,781 | €115,645 | -€237,137 | -67.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €349,781 | €112,645 | -€237,137 | -67.8% |
| Amounts payable | 17/49 | €5,340 | €40,607 | +€35,267 | +660% |
| Amounts payable within one year | 42/48 | €5,340 | €40,607 | +€35,267 | +660% |
| Trade debts | 44 | €900 | - | -€900 | |
| Suppliers | 440/4 | €900 | - | -€900 | |
| Taxes, remuneration and social security | 45 | €4,440 | €2,500 | -€1,940 | -43.7% |
| Taxes | 450/3 | €4,440 | - | -€4,440 | |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | - | €38,107 | +€38,107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,282 | €5,478 | -€1,805 | -24.8% |
| Other operating charges | 640/8 | €2,317 | €2,509 | +€192 | +8.3% |
| Gross operating margin | 9900 | €180,137 | €154,507 | -€25,630 | -14.2% |
| Operating profit (loss) | 9901 | €170,538 | €146,521 | -€24,017 | -14.1% |
| Financial income | 75/76B | €7,821 | - | -€7,821 | |
| Recurring financial income | 75 | €7,821 | - | -€7,821 | |
| Financial charges | 65/66B | €253 | €150 | -€103 | -40.8% |
| Recurring financial charges | 65 | €253 | €150 | -€103 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €178,106 | €146,371 | -€31,735 | -17.8% |
| Income taxes | 67/77 | €41,440 | €33,726 | -€7,714 | -18.6% |
| Profit (loss) for the period | 9904 | €136,665 | €112,645 | -€24,021 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €136,665 | €112,645 | -€24,021 | -17.6% |
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 19 October 2026 via checked.be.