DR. ROGOJAN CORNELIA: 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. ROGOJAN CORNELIA
Largest movements
- Cash +€139,327
up €139,327 (+51.6%), from €269,806 to €409,133
mainly Other debts (+€408,043) and Net result for the year (+€165,821)
- Tangible fixed assets -€12,032
down €12,032 (-23.4%), from €51,439 to €39,407
- Other debts +€408,043
new in 2025: €408,043
- Reserves -€273,521
down €273,521 (-99.3%), from €275,574 to €2,053
of which Distributable reserves: -€273,521
- Debts after one year -€13,425
down €13,425 (-34.3%), from €39,094 to €25,669
of which Financial debts: -€12,868
- Gross operating margin +€97,379
up €97,379 (+72.0%), from €135,160 to €232,539
- Taxes +€24,938
up €24,938 (+94.1%), from €26,509 to €51,447
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 | €331,507 | €454,280 | +€122,773 | +37.0% |
| Fixed assets | 21/28 | €51,439 | €39,407 | -€12,032 | -23.4% |
| Tangible fixed assets | 22/27 | €51,439 | €39,407 | -€12,032 | -23.4% |
| Furniture and vehicles | 24 | €51,439 | €39,407 | -€12,032 | -23.4% |
| Current assets | 29/58 | €280,068 | €414,874 | +€134,805 | +48.1% |
| Amounts receivable within one year | 40/41 | €10,262 | €5,741 | -€4,521 | -44.1% |
| Trade receivables | 40 | €2,250 | €2,250 | = | 0.0% |
| Other amounts receivable | 41 | €8,012 | €3,491 | -€4,521 | -56.4% |
| Cash at bank and in hand | 54/58 | €269,806 | €409,133 | +€139,327 | +51.6% |
| Total equity and liabilities | 10/49 | €331,507 | €454,280 | +€122,773 | +37.0% |
| Equity | 10/15 | €275,574 | €2,053 | -€273,521 | -99.3% |
| Reserves | 13 | €275,574 | €2,053 | -€273,521 | -99.3% |
| 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 | €273,714 | €193 | -€273,521 | -99.9% |
| Amounts payable | 17/49 | €55,933 | €452,228 | +€396,294 | +709% |
| Amounts payable after more than one year | 17 | €39,094 | €25,669 | -€13,425 | -34.3% |
| Financial debts | 170/4 | €37,990 | €25,122 | -€12,868 | -33.9% |
| Other amounts payable | 178/9 | €1,104 | €547 | -€557 | -50.5% |
| Amounts payable within one year | 42/48 | €16,840 | €426,559 | +€409,720 | +2,433% |
| Current portion of amounts payable after more than one year | 42 | €12,311 | €12,868 | +€557 | +4.5% |
| Trade debts | 44 | €4,528 | €4,442 | -€86 | -1.9% |
| Suppliers | 440/4 | €4,528 | €4,442 | -€86 | -1.9% |
| Taxes, remuneration and social security | 45 | - | €1,206 | +€1,206 | |
| Taxes | 450/3 | - | €1,206 | +€1,206 | |
| Other amounts payable | 47/48 | - | €408,043 | +€408,043 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,172 | €13,646 | +€474 | +3.6% |
| Other operating charges | 640/8 | €363 | €62 | -€301 | -82.9% |
| Gross operating margin | 9900 | €135,160 | €232,539 | +€97,379 | +72.0% |
| Operating profit (loss) | 9901 | €121,625 | €218,831 | +€97,206 | +79.9% |
| Financial income | 75/76B | €313 | €802 | +€490 | +157% |
| Recurring financial income | 75 | €313 | €802 | +€490 | +157% |
| Financial charges | 65/66B | €3,081 | €2,365 | -€717 | -23.3% |
| Recurring financial charges | 65 | €3,081 | €2,365 | -€717 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €118,856 | €217,268 | +€98,412 | +82.8% |
| Income taxes | 67/77 | €26,509 | €51,447 | +€24,938 | +94.1% |
| Profit (loss) for the period | 9904 | €92,347 | €165,821 | +€73,475 | +79.6% |
| Profit (loss) for the period to be appropriated | 9905 | €92,347 | €165,821 | +€73,475 | +79.6% |
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 28 October 2026 via checked.be.