IMMO ROGER: 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.
IMMO ROGER
Largest movements
- Intangible fixed assets -€40,000
down €40,000 (-26.6%), from €150,329 to €110,329
- Cash -€20,285
down €20,285 (-59.9%), from €33,885 to €13,600
mainly Other debts (-€63,952) and Debts after one year (-€33,132)
- Receivables within one year -€3,352
down €3,352 (-6.6%), from €50,932 to €47,580
of which Trade receivables: -€4,317
- Other debts -€63,952
down €63,952 (-52.3%), from €122,296 to €58,344
- Debts after one year -€33,132
down €33,132 (-33.7%), from €98,340 to €65,208
- Trade debts +€23,137
up €23,137 (+95.3%), from €24,274 to €47,411
- Profit (loss) carried forward +€7,275
up €7,275 (+43.0%), from -€16,920 to -€9,645
- Staff costs -€41,412
down €41,412 (-40.7%), from €101,808 to €60,396
- Gross operating margin -€27,079
down €27,079 (-17.1%), from €158,087 to €131,008
- Depreciation -€11,718
down €11,718 (-18.9%), from €62,089 to €50,371
- Taxes +€3,713
up €3,713 (+2,355%), from €158 to €3,871
- Financial charges -€2,932
down €2,932 (-30.6%), from €9,567 to €6,635
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 | €273,544 | €208,297 | -€65,247 | -23.9% |
| Fixed assets | 21/28 | €187,911 | €145,660 | -€42,251 | -22.5% |
| Intangible fixed assets | 21 | €150,329 | €110,329 | -€40,000 | -26.6% |
| Tangible fixed assets | 22/27 | €37,582 | €35,331 | -€2,251 | -6.0% |
| Land and buildings | 22 | - | €5,704 | +€5,704 | |
| Plant, machinery and equipment | 23 | €37,582 | €27,582 | -€10,000 | -26.6% |
| Furniture and vehicles | 24 | - | €2,045 | +€2,045 | |
| Current assets | 29/58 | €85,633 | €62,637 | -€22,996 | -26.9% |
| Amounts receivable within one year | 40/41 | €50,932 | €47,580 | -€3,352 | -6.6% |
| Trade receivables | 40 | €50,932 | €46,615 | -€4,317 | -8.5% |
| Other amounts receivable | 41 | - | €965 | +€965 | |
| Cash at bank and in hand | 54/58 | €33,885 | €13,600 | -€20,285 | -59.9% |
| Deferred charges and accrued income | 490/1 | €816 | €1,458 | +€641 | +78.6% |
| Total equity and liabilities | 10/49 | €273,544 | €208,297 | -€65,247 | -23.9% |
| Equity | 10/15 | -€6,920 | €355 | +€7,275 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,920 | -€9,645 | +€7,275 | +43.0% |
| Amounts payable | 17/49 | €280,464 | €207,942 | -€72,522 | -25.9% |
| Amounts payable after more than one year | 17 | €98,340 | €65,208 | -€33,132 | -33.7% |
| Financial debts | 170/4 | €98,340 | €65,208 | -€33,132 | -33.7% |
| Amounts payable within one year | 42/48 | €182,124 | €142,645 | -€39,479 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €31,519 | €33,132 | +€1,614 | +5.1% |
| Financial debts | 43 | €2,344 | - | -€2,344 | |
| Credit institutions | 430/8 | €2,344 | - | -€2,344 | |
| Trade debts | 44 | €24,274 | €47,411 | +€23,137 | +95.3% |
| Suppliers | 440/4 | €24,274 | €47,411 | +€23,137 | +95.3% |
| Taxes, remuneration and social security | 45 | €1,692 | €3,758 | +€2,066 | +122% |
| Taxes | 450/3 | €1,691 | €3,758 | +€2,067 | +122% |
| Remuneration and social security | 454/9 | €1 | - | -€1 | |
| Other amounts payable | 47/48 | €122,296 | €58,344 | -€63,952 | -52.3% |
| Accrued charges and deferred income | 492/3 | - | €89 | +€89 | |
| Remuneration, social security and pensions | 62 | €101,808 | €60,396 | -€41,412 | -40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,089 | €50,371 | -€11,718 | -18.9% |
| Other operating charges | 640/8 | €1,390 | €2,460 | +€1,070 | +77.0% |
| Gross operating margin | 9900 | €158,087 | €131,008 | -€27,079 | -17.1% |
| Operating profit (loss) | 9901 | -€7,199 | €17,781 | +€24,980 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €9,567 | €6,635 | -€2,932 | -30.6% |
| Recurring financial charges | 65 | €9,567 | €6,635 | -€2,932 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | -€16,762 | €11,146 | +€27,908 | |
| Income taxes | 67/77 | €158 | €3,871 | +€3,713 | +2,355% |
| Profit (loss) for the period | 9904 | -€16,920 | €7,275 | +€24,195 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,920 | €7,275 | +€24,195 |
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 1 November 2026 via checked.be.