JAN ROGGEN: 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.
JAN ROGGEN
Largest movements
- Current investments -€31,651
no longer reported in 2025 (was €31,651)
- Receivables within one year -€22,900
down €22,900 (-15.2%), from €150,985 to €128,086
- Cash -€16,289
no longer reported in 2025 (was €16,289)
mainly Contributions, distributions and other (-€108,849) and Current portion of long-term debt (-€13,616)
- Reserves -€68,424
down €68,424 (-14.5%), from €472,924 to €404,499
of which Distributable reserves: -€68,424
- Current portion of long-term debt -€13,616
no longer reported in 2025 (was €13,616)
- Tax, wage and social debts +€5,911
up €5,911 (+18.5%), from €31,936 to €37,847
- Gross operating margin -€76,852
down €76,852 (-62.1%), from €123,805 to €46,953
- Taxes -€17,707
down €17,707 (-45.3%), from €39,062 to €21,354
- Financial income +€4,157
up €4,157 (+27.2%), from €15,273 to €19,430
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 | €536,452 | €463,396 | -€73,056 | -13.6% |
| Fixed assets | 21/28 | €7,125 | €5,818 | -€1,307 | -18.3% |
| Tangible fixed assets | 22/27 | €7,125 | €5,818 | -€1,307 | -18.3% |
| Land and buildings | 22 | €3,100 | €2,659 | -€441 | -14.2% |
| Plant, machinery and equipment | 23 | €626 | €328 | -€298 | -47.6% |
| Furniture and vehicles | 24 | €3,399 | €2,831 | -€568 | -16.7% |
| Current assets | 29/58 | €529,327 | €457,578 | -€71,749 | -13.6% |
| Amounts receivable after more than one year | 29 | €310,000 | €310,000 | = | 0.0% |
| Other amounts receivable | 291 | €310,000 | €310,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €150,985 | €128,086 | -€22,900 | -15.2% |
| Other amounts receivable | 41 | €150,985 | €128,086 | -€22,900 | -15.2% |
| Current investments | 50/53 | €31,651 | - | -€31,651 | |
| Cash at bank and in hand | 54/58 | €16,289 | - | -€16,289 | |
| Deferred charges and accrued income | 490/1 | €20,402 | €19,493 | -€910 | -4.5% |
| Total equity and liabilities | 10/49 | €536,452 | €463,396 | -€73,056 | -13.6% |
| Equity | 10/15 | €487,924 | €419,499 | -€68,424 | -14.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €472,924 | €404,499 | -€68,424 | -14.5% |
| Tax-exempt reserves | 132 | €11,736 | €11,736 | = | 0.0% |
| Distributable reserves | 133 | €461,187 | €392,763 | -€68,424 | -14.8% |
| Amounts payable | 17/49 | €48,528 | €43,897 | -€4,631 | -9.5% |
| Amounts payable within one year | 42/48 | €48,528 | €43,897 | -€4,631 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €13,616 | - | -€13,616 | |
| Financial debts | 43 | - | €2,401 | +€2,401 | |
| Credit institutions | 430/8 | - | €2,401 | +€2,401 | |
| Trade debts | 44 | €2,976 | €3,649 | +€673 | +22.6% |
| Suppliers | 440/4 | €2,976 | €3,649 | +€673 | +22.6% |
| Taxes, remuneration and social security | 45 | €31,936 | €37,847 | +€5,911 | +18.5% |
| Taxes | 450/3 | €31,936 | €37,847 | +€5,911 | +18.5% |
| Non-recurring operating income | 76A | €5,806 | - | -€5,806 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,573 | €2,791 | +€218 | +8.5% |
| Other operating charges | 640/8 | €1,188 | €727 | -€462 | -38.8% |
| Gross operating margin | 9900 | €123,805 | €46,953 | -€76,852 | -62.1% |
| Operating profit (loss) | 9901 | €120,043 | €43,435 | -€76,608 | -63.8% |
| Financial income | 75/76B | €15,273 | €19,430 | +€4,157 | +27.2% |
| Recurring financial income | 75 | €15,273 | €19,430 | +€4,157 | +27.2% |
| Financial charges | 65/66B | €2,099 | €1,086 | -€1,013 | -48.3% |
| Recurring financial charges | 65 | €2,099 | €1,086 | -€1,013 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | €133,217 | €61,779 | -€71,438 | -53.6% |
| Income taxes | 67/77 | €39,062 | €21,354 | -€17,707 | -45.3% |
| Profit (loss) for the period | 9904 | €94,156 | €40,425 | -€53,731 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €94,156 | €40,425 | -€53,731 | -57.1% |
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.