JOS ROEX: 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.
JOS ROEX
Largest movements
- Receivables within one year +€44,224
up €44,224 (+37.6%), from €117,635 to €161,859
of which Trade receivables: +€40,550
- Cash -€26,669
down €26,669 (-22.7%), from €117,512 to €90,843
mainly Receivables within one year (-€44,224) and Trade debts (-€5,459)
- Tangible fixed assets -€5,096
down €5,096 (-23.3%), from €21,859 to €16,763
of which Furniture and vehicles: -€5,096
- Reserves +€19,260
up €19,260 (+10.0%), from €192,706 to €211,966
of which Distributable reserves: +€19,260
- Trade debts -€5,459
down €5,459 (-5.9%), from €93,010 to €87,552
- Tax, wage and social debts +€4,654
up €4,654 (+50.2%), from €9,265 to €13,919
- Debts after one year -€4,337
down €4,337 (-28.7%), from €15,137 to €10,800
- Gross operating margin +€14,534
up €14,534 (+60.0%), from €24,232 to €38,765
- Taxes +€4,961
up €4,961 (+92.8%), from €5,343 to €10,304
- Depreciation +€1,476
up €1,476 (+40.8%), from €3,620 to €5,096
- Other operating charges -€1,019
down €1,019 (-21.4%), from €4,767 to €3,748
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.
Cash bridge derived
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 | €390,050 | €404,336 | +€14,286 | +3.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €21,859 | €16,763 | -€5,096 | -23.3% |
| Tangible fixed assets | 22/27 | €21,859 | €16,763 | -€5,096 | -23.3% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €21,859 | €16,763 | -€5,096 | -23.3% |
| Current assets | 29/58 | €368,191 | €387,573 | +€19,382 | +5.3% |
| Stocks and contracts in progress | 3 | €3,742 | €4,021 | +€279 | +7.5% |
| Stocks | 30/36 | €3,742 | €4,021 | +€279 | +7.5% |
| Amounts receivable within one year | 40/41 | €117,635 | €161,859 | +€44,224 | +37.6% |
| Trade receivables | 40 | €68,025 | €108,575 | +€40,550 | +59.6% |
| Other amounts receivable | 41 | €49,609 | €53,284 | +€3,674 | +7.4% |
| Current investments | 50/53 | €127,571 | €127,571 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €117,512 | €90,843 | -€26,669 | -22.7% |
| Deferred charges and accrued income | 490/1 | €1,732 | €3,278 | +€1,547 | +89.3% |
| Total equity and liabilities | 10/49 | €390,050 | €404,336 | +€14,286 | +3.7% |
| Equity | 10/15 | €268,466 | €287,729 | +€19,263 | +7.2% |
| Contributions | 10/11 | €91,721 | €91,721 | = | 0.0% |
| Capital | 10 | €91,721 | €91,721 | = | 0.0% |
| Issued capital | 100 | €91,721 | €91,721 | = | 0.0% |
| Reserves | 13 | €192,706 | €211,966 | +€19,260 | +10.0% |
| Non-distributable reserves | 130/1 | €9,172 | €9,172 | = | 0.0% |
| Legal reserve | 130 | €9,172 | €9,172 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,204 | €31,204 | = | 0.0% |
| Distributable reserves | 133 | €152,330 | €171,590 | +€19,260 | +12.6% |
| Profit (loss) carried forward | 14 | -€15,961 | -€15,958 | +€3 | 0.0% |
| Amounts payable | 17/49 | €121,584 | €116,608 | -€4,976 | -4.1% |
| Amounts payable after more than one year | 17 | €15,137 | €10,800 | -€4,337 | -28.7% |
| Financial debts | 170/4 | €15,137 | €10,800 | -€4,337 | -28.7% |
| Amounts payable within one year | 42/48 | €106,447 | €105,808 | -€639 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €4,172 | €4,337 | +€165 | +4.0% |
| Trade debts | 44 | €93,010 | €87,552 | -€5,459 | -5.9% |
| Suppliers | 440/4 | €93,010 | €87,552 | -€5,459 | -5.9% |
| Taxes, remuneration and social security | 45 | €9,265 | €13,919 | +€4,654 | +50.2% |
| Taxes | 450/3 | €9,265 | €13,919 | +€4,654 | +50.2% |
| Non-recurring operating income | 76A | €165 | - | -€165 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,620 | €5,096 | +€1,476 | +40.8% |
| Other operating charges | 640/8 | €4,767 | €3,748 | -€1,019 | -21.4% |
| Gross operating margin | 9900 | €24,232 | €38,765 | +€14,534 | +60.0% |
| Operating profit (loss) | 9901 | €15,845 | €29,922 | +€14,077 | +88.8% |
| Financial income | 75/76B | €1,190 | €1,544 | +€354 | +29.7% |
| Recurring financial income | 75 | €1,190 | €1,544 | +€354 | +29.7% |
| Financial charges | 65/66B | €1,857 | €1,900 | +€43 | +2.3% |
| Recurring financial charges | 65 | €1,857 | €1,900 | +€43 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €15,179 | €29,566 | +€14,388 | +94.8% |
| Income taxes | 67/77 | €5,343 | €10,304 | +€4,961 | +92.8% |
| Profit (loss) for the period | 9904 | €9,835 | €19,263 | +€9,427 | +95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,835 | €19,263 | +€9,427 | +95.8% |
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 12 October 2026 via checked.be.