ERIK ROGGE: 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.
ERIK ROGGE
Largest movements
- Cash -€40,655
down €40,655 (-57.7%), from €70,440 to €29,785
mainly Investment in fixed assets (net) (-€34,711) and Receivables within one year (-€11,831)
- Tangible fixed assets +€28,922
up €28,922 (+669%), from €4,324 to €33,246
- Receivables within one year +€11,831
up €11,831 (+380%), from €3,118 to €14,949
of which Trade receivables: +€7,543
- Reserves +€9,154
up €9,154 (+15.1%), from €60,820 to €69,975
of which Distributable reserves: +€9,154
- Advances received -€7,865
no longer reported in 2025 (was €7,865)
- Tax, wage and social debts -€978
no longer reported in 2025 (was €978)
- Financial income +€4,959
new in 2025: €4,959
of which Non-recurring financial income: +€4,959
- Gross operating margin +€3,265
up €3,265 (+27.9%), from €11,686 to €14,951
- Taxes +€2,834
up €2,834 (+197%), from €1,438 to €4,272
- Depreciation -€433
down €433 (-7.0%), from €6,222 to €5,789
- Other operating charges -€254
down €254 (-28.0%), from €906 to €652
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 | €77,882 | €77,980 | +€98 | +0.1% |
| Fixed assets | 21/28 | €4,324 | €33,246 | +€28,922 | +669% |
| Tangible fixed assets | 22/27 | €4,324 | €33,246 | +€28,922 | +669% |
| Furniture and vehicles | 24 | €4,324 | €33,246 | +€28,922 | +669% |
| Current assets | 29/58 | €73,558 | €44,734 | -€28,824 | -39.2% |
| Amounts receivable within one year | 40/41 | €3,118 | €14,949 | +€11,831 | +380% |
| Trade receivables | 40 | €2,552 | €10,095 | +€7,543 | +296% |
| Other amounts receivable | 41 | €565 | €4,853 | +€4,288 | +759% |
| Cash at bank and in hand | 54/58 | €70,440 | €29,785 | -€40,655 | -57.7% |
| Total equity and liabilities | 10/49 | €77,882 | €77,980 | +€98 | +0.1% |
| Equity | 10/15 | €67,020 | €76,175 | +€9,154 | +13.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €60,820 | €69,975 | +€9,154 | +15.1% |
| Tax-exempt reserves | 132 | €25,495 | €25,495 | = | 0.0% |
| Distributable reserves | 133 | €35,325 | €44,479 | +€9,154 | +25.9% |
| Amounts payable | 17/49 | €10,862 | €1,805 | -€9,057 | -83.4% |
| Amounts payable within one year | 42/48 | €10,862 | €1,805 | -€9,057 | -83.4% |
| Trade debts | 44 | €462 | €177 | -€285 | -61.7% |
| Suppliers | 440/4 | €462 | €177 | -€285 | -61.7% |
| Advances received on contracts in progress | 46 | €7,865 | - | -€7,865 | |
| Taxes, remuneration and social security | 45 | €978 | - | -€978 | |
| Taxes | 450/3 | €978 | - | -€978 | |
| Other amounts payable | 47/48 | €1,556 | €1,628 | +€72 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,222 | €5,789 | -€433 | -7.0% |
| Other operating charges | 640/8 | €906 | €652 | -€254 | -28.0% |
| Gross operating margin | 9900 | €11,686 | €14,951 | +€3,265 | +27.9% |
| Operating profit (loss) | 9901 | €4,558 | €8,510 | +€3,952 | +86.7% |
| Financial income | 75/76B | - | €4,959 | +€4,959 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €4,959 | +€4,959 | |
| Financial charges | 65/66B | €40 | €42 | +€3 | +6.6% |
| Recurring financial charges | 65 | €40 | €42 | +€3 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €4,518 | €13,426 | +€8,908 | +197% |
| Income taxes | 67/77 | €1,438 | €4,272 | +€2,834 | +197% |
| Profit (loss) for the period | 9904 | €3,081 | €9,154 | +€6,074 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €3,081 | €9,154 | +€6,074 | +197% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.