GROUP RO MANAGEMENT: 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.
GROUP RO MANAGEMENT
Largest movements
- Cash +€8,909
up €8,909 (+469%), from €1,899 to €10,808
mainly Trade debts (+€26,354) and Receivables within one year (+€7,380)
- Receivables within one year -€7,380
down €7,380 (-14.3%), from €51,444 to €44,064
of which Trade receivables: -€11,041
- Deferred charges and accrued income +€1,119
up €1,119 (+69.7%), from €1,607 to €2,726
- Trade debts +€26,354
up €26,354 (+148%), from €17,833 to €44,188
- Other debts -€18,187
no longer reported in 2025 (was €18,187)
- Tax, wage and social debts -€8,125
down €8,125 (-68.4%), from €11,888 to €3,763
- Profit (loss) carried forward +€2,607
up €2,607 (+73.1%), from -€3,568 to -€961
- Taxes +€2,248
up €2,248 (+256%), from €879 to €3,128
- Financial charges +€1,539
up €1,539 (+56.6%), from €2,720 to €4,259
- Gross operating margin -€1,086
down €1,086 (-7.1%), from €15,393 to €14,306
- Other operating charges -€743
down €743 (-14.7%), from €5,056 to €4,313
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 | €54,949 | €57,598 | +€2,649 | +4.8% |
| Current assets | 29/58 | €54,949 | €57,598 | +€2,649 | +4.8% |
| Amounts receivable within one year | 40/41 | €51,444 | €44,064 | -€7,380 | -14.3% |
| Trade receivables | 40 | €51,040 | €39,999 | -€11,041 | -21.6% |
| Other amounts receivable | 41 | €404 | €4,065 | +€3,661 | +905% |
| Cash at bank and in hand | 54/58 | €1,899 | €10,808 | +€8,909 | +469% |
| Deferred charges and accrued income | 490/1 | €1,607 | €2,726 | +€1,119 | +69.7% |
| Total equity and liabilities | 10/49 | €54,949 | €57,598 | +€2,649 | +4.8% |
| Equity | 10/15 | €7,041 | €9,648 | +€2,607 | +37.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,408 | €4,408 | = | 0.0% |
| 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 | €2,548 | €2,548 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,568 | -€961 | +€2,607 | +73.1% |
| Amounts payable | 17/49 | €47,908 | €47,950 | +€42 | +0.1% |
| Amounts payable within one year | 42/48 | €47,908 | €47,950 | +€42 | +0.1% |
| Trade debts | 44 | €17,833 | €44,188 | +€26,354 | +148% |
| Suppliers | 440/4 | €17,833 | €44,188 | +€26,354 | +148% |
| Taxes, remuneration and social security | 45 | €11,888 | €3,763 | -€8,125 | -68.4% |
| Taxes | 450/3 | €11,888 | €3,763 | -€8,125 | -68.4% |
| Other amounts payable | 47/48 | €18,187 | - | -€18,187 | |
| Other operating charges | 640/8 | €5,056 | €4,313 | -€743 | -14.7% |
| Gross operating margin | 9900 | €15,393 | €14,306 | -€1,086 | -7.1% |
| Operating profit (loss) | 9901 | €10,337 | €9,994 | -€343 | -3.3% |
| Financial charges | 65/66B | €2,720 | €4,259 | +€1,539 | +56.6% |
| Recurring financial charges | 65 | €2,720 | €4,259 | +€1,539 | +56.6% |
| Profit (loss) for the period before taxes | 9903 | €7,617 | €5,734 | -€1,882 | -24.7% |
| Income taxes | 67/77 | €879 | €3,128 | +€2,248 | +256% |
| Profit (loss) for the period | 9904 | €6,738 | €2,607 | -€4,131 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,738 | €2,607 | -€4,131 | -61.3% |
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 20 October 2026 via checked.be.