IMMO ROGIERS: 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.
What changed
IMMO ROGIERS
NACE 85.592, Vocational training
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€549,722
2024 · €397,064+€152,658
Equity
€4.3m
2024 · €3.8m+€549,722
Cash
€297,229
2024 · €699,822-€402,593
Balance sheet total
€8.8m
2024 · €6.2m+€2.6m
Largest movements
Assets
- Tangible fixed assets +€3.0m
up €3.0m (+54.5%), from €5.4m to €8.4m
of which Land and buildings: +€3.0m
- Cash -€402,593
down €402,593 (-57.5%), from €699,822 to €297,229
mainly Investment in fixed assets (net) (-€3.5m) and Receivables within one year (-€28,050)
Equity and liabilities
- Short-term financial debts +€1.3m
up €1.3m (+15,673%), from €8,454 to €1.3m
- Debts after one year +€556,915
up €556,915 (+26.3%), from €2.1m to €2.7m
of which Financial debts: +€556,915
- Reserves +€549,722
up €549,722 (+15.5%), from €3.6m to €4.1m
of which Distributable reserves: +€523,171
Income statement
- Depreciation +€341,315
up €341,315 (+165%), from €206,757 to €548,073
- Turnover +€318,117
up €318,117 (+25.3%), from €1.3m to €1.6m
- Services and other goods +€144,325
up €144,325 (+79.6%), from €181,374 to €325,698
- Staff costs +€103,067
up €103,067 (+44.5%), from €231,418 to €334,485
- Taxes +€42,787
up €42,787 (+31.6%), from €135,571 to €178,358
of which Taxes: +€42,787
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.
Result 2024
€397,064
Turnover
+€318,117
Other operating income
+€4,644
Goods and materials
+€15,478
Services and other goods
-€144,325
Staff costs
-€103,067
Depreciation
-€341,315
Other operating charges
-€15,868
Other operating items
+€503,286
Financial income
+€1,199
Financial charges
-€32,831
Taxes
-€42,787
Deferred taxes and other
-€9,872
Result 2025
€549,722
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.2m
Investment
-€3.5m
Financing
+€2.0m
Cash 2024
€699,822
From operations (derived)
+€1.2m
Net result for the year
+€549,722
Depreciation
+€548,073
Receivables within one year
-€28,050
Smaller working-capital items
-€1,114
Provisions
+€8,850
Trade debts
+€48,830
Tax, wage and social debts
+€25,068
Investment (derived)
-€3.5m
Investment in fixed assets (net)
-€3.5m
Financing
+€2.0m
Debts after one year
+€556,915
Current portion of long-term debt
+€83,079
Short-term financial debts
+€1.3m
Cash 2025
€297,229
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,196,464 | €8,796,904 | +€2.6m | +42.0% |
| Fixed assets | 21/28 | €5,449,156 | €8,420,017 | +€3.0m | +54.5% |
| Tangible fixed assets | 22/27 | €5,449,156 | €8,420,017 | +€3.0m | +54.5% |
| Land and buildings | 22 | €5,449,156 | €8,420,017 | +€3.0m | +54.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €747,308 | €376,887 | -€370,421 | -49.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €45,029 | €73,079 | +€28,050 | +62.3% |
| Trade receivables | 40 | €38,076 | €71,132 | +€33,056 | +86.8% |
| Other amounts receivable | 41 | €6,953 | €1,947 | -€5,006 | -72.0% |
| Cash at bank and in hand | 54/58 | €699,822 | €297,229 | -€402,593 | -57.5% |
| Deferred charges and accrued income | 490/1 | €2,457 | €6,579 | +€4,122 | +168% |
| Total equity and liabilities | 10/49 | €6,196,464 | €8,796,904 | +€2.6m | +42.0% |
| Equity | 10/15 | €3,798,865 | €4,348,586 | +€549,722 | +14.5% |
| Contributions | 10/11 | €248,141 | €248,141 | = | 0.0% |
| Capital | 10 | €248,141 | €248,141 | = | 0.0% |
| Issued capital | 100 | €248,141 | €248,141 | = | 0.0% |
| Reserves | 13 | €3,550,723 | €4,100,445 | +€549,722 | +15.5% |
| Non-distributable reserves | 130/1 | €24,814 | €24,814 | = | 0.0% |
| Legal reserve | 130 | €24,814 | €24,814 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,208 | €72,758 | +€26,550 | +57.5% |
| Distributable reserves | 133 | €3,479,701 | €4,002,873 | +€523,171 | +15.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €15,403 | €24,253 | +€8,850 | +57.5% |
| Deferred taxes | 168 | €15,403 | €24,253 | +€8,850 | +57.5% |
| Amounts payable | 17/49 | €2,382,197 | €4,424,065 | +€2.0m | +85.7% |
| Amounts payable after more than one year | 17 | €2,115,881 | €2,672,796 | +€556,915 | +26.3% |
| Financial debts | 170/4 | €2,021,819 | €2,578,734 | +€556,915 | +27.5% |
| Credit institutions | 173 | €2,021,819 | €2,578,734 | +€556,915 | +27.5% |
| Other amounts payable | 178/9 | €94,062 | €94,062 | = | 0.0% |
| Amounts payable within one year | 42/48 | €264,168 | €1,746,112 | +€1.5m | +561% |
| Current portion of amounts payable after more than one year | 42 | €221,045 | €304,123 | +€83,079 | +37.6% |
| Financial debts | 43 | €8,454 | €1,333,422 | +€1.3m | +15,673% |
| Credit institutions | 430/8 | €8,454 | €1,333,422 | +€1.3m | +15,673% |
| Trade debts | 44 | €2,386 | €51,215 | +€48,830 | +2,047% |
| Suppliers | 440/4 | €2,386 | €51,215 | +€48,830 | +2,047% |
| Taxes, remuneration and social security | 45 | €32,284 | €57,352 | +€25,068 | +77.6% |
| Taxes | 450/3 | €7,423 | €13,242 | +€5,819 | +78.4% |
| Remuneration and social security | 454/9 | €24,861 | €44,110 | +€19,249 | +77.4% |
| Accrued charges and deferred income | 492/3 | €2,148 | €5,157 | +€3,008 | +140% |
| Operating income | 70/76A | €1,266,123 | €2,090,436 | +€824,314 | +65.1% |
| Turnover | 70 | €1,255,287 | €1,573,404 | +€318,117 | +25.3% |
| Other operating income | 74 | €10,835 | €15,479 | +€4,644 | +42.9% |
| Non-recurring operating income | 76A | - | €501,553 | +€501,553 | |
| Operating charges | 60/66A | €699,228 | €1,286,592 | +€587,364 | +84.0% |
| Goods for resale, raw materials and consumables | 60 | €29,231 | €13,753 | -€15,478 | -53.0% |
| Purchases | 600/8 | €29,231 | €13,753 | -€15,478 | -53.0% |
| Services and other goods | 61 | €181,374 | €325,698 | +€144,325 | +79.6% |
| Remuneration, social security and pensions | 62 | €231,418 | €334,485 | +€103,067 | +44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206,757 | €548,073 | +€341,315 | +165% |
| Other operating charges | 640/8 | €48,715 | €64,584 | +€15,868 | +32.6% |
| Non-recurring operating charges | 66A | €1,733 | €0 | -€1,733 | -100% |
| Operating profit (loss) | 9901 | €566,895 | €803,844 | +€236,949 | +41.8% |
| Financial income | 75/76B | €2,584 | €3,783 | +€1,199 | +46.4% |
| Recurring financial income | 75 | €2,584 | €3,783 | +€1,199 | +46.4% |
| Income from current assets | 751 | €2,584 | €3,783 | +€1,199 | +46.4% |
| Other financial income | 752/9 | €0 | €0 | -€0 | -80.0% |
| Financial charges | 65/66B | €37,866 | €70,697 | +€32,831 | +86.7% |
| Recurring financial charges | 65 | €37,866 | €70,697 | +€32,831 | +86.7% |
| Debt charges | 650 | €36,722 | €67,433 | +€30,711 | +83.6% |
| Other financial charges | 652/9 | €1,144 | €3,264 | +€2,120 | +185% |
| Profit (loss) for the period before taxes | 9903 | €531,613 | €736,930 | +€205,317 | +38.6% |
| Transfer from deferred taxes | 780 | €1,022 | €1,293 | +€271 | +26.5% |
| Transfer to deferred taxes | 680 | - | €10,143 | +€10,143 | |
| Income taxes | 67/77 | €135,571 | €178,358 | +€42,787 | +31.6% |
| Taxes | 670/3 | €135,571 | €178,358 | +€42,787 | +31.6% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €397,064 | €549,722 | +€152,658 | +38.4% |
| Transfer from tax-exempt reserves | 789 | €3,066 | €3,879 | +€812 | +26.5% |
| Transfer to tax-exempt reserves | 689 | - | €30,429 | +€30,429 | |
| Profit (loss) for the period to be appropriated | 9905 | €400,130 | €523,171 | +€123,042 | +30.8% |
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 24 October 2026 via checked.be.