KATRIN ROGGEMAN: 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.
KATRIN ROGGEMAN
Largest movements
- Receivables within one year +€80,065
up €80,065 (+104237.9%), from €77 to €80,142
of which Trade receivables: +€78,277
- Cash -€27,058
down €27,058 (-66.3%), from €40,812 to €13,754
mainly Receivables within one year (-€80,065) and Tax, wage and social debts (-€9,259)
- Tangible fixed assets +€1,336
new in 2025: €1,336
- Profit (loss) carried forward +€63,707
up €63,707 (+246.0%), from €25,898 to €89,605
- Tax, wage and social debts -€9,259
down €9,259 (-74.8%), from €12,386 to €3,127
- Gross operating margin +€47,473
up €47,473 (+127.2%), from €37,314 to €84,787
- Taxes +€8,699
up €8,699 (+89.5%), from €9,723 to €18,423
- Financial charges +€1,391
up €1,391 (+5213.3%), from €27 to €1,418
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 | €40,889 | €95,232 | +€54,343 | +132.9% |
| Fixed assets | 21/28 | - | €1,336 | +€1,336 | |
| Tangible fixed assets | 22/27 | - | €1,336 | +€1,336 | |
| Plant, machinery and equipment | 23 | - | €1,336 | +€1,336 | |
| Current assets | 29/58 | €40,889 | €93,896 | +€53,007 | +129.6% |
| Amounts receivable within one year | 40/41 | €77 | €80,142 | +€80,065 | +104237.9% |
| Trade receivables | 40 | - | €78,277 | +€78,277 | |
| Other amounts receivable | 41 | €77 | €1,865 | +€1,788 | +2327.7% |
| Cash at bank and in hand | 54/58 | €40,812 | €13,754 | -€27,058 | -66.3% |
| Total equity and liabilities | 10/49 | €40,889 | €95,232 | +€54,343 | +132.9% |
| Equity | 10/15 | €28,398 | €92,105 | +€63,707 | +224.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,898 | €89,605 | +€63,707 | +246.0% |
| Amounts payable | 17/49 | €12,491 | €3,127 | -€9,364 | -75.0% |
| Amounts payable within one year | 42/48 | €12,491 | €3,127 | -€9,364 | -75.0% |
| Trade debts | 44 | €106 | - | -€106 | |
| Suppliers | 440/4 | €106 | - | -€106 | |
| Taxes, remuneration and social security | 45 | €12,386 | €3,127 | -€9,259 | -74.8% |
| Taxes | 450/3 | €12,386 | €3,127 | -€9,259 | -74.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €334 | +€334 | |
| Other operating charges | 640/8 | €1,667 | €906 | -€761 | -45.7% |
| Gross operating margin | 9900 | €37,314 | €84,787 | +€47,473 | +127.2% |
| Operating profit (loss) | 9901 | €35,648 | €83,547 | +€47,900 | +134.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €27 | €1,418 | +€1,391 | +5213.3% |
| Recurring financial charges | 65 | €27 | €1,418 | +€1,391 | +5213.3% |
| Profit (loss) for the period before taxes | 9903 | €35,621 | €82,130 | +€46,509 | +130.6% |
| Income taxes | 67/77 | €9,723 | €18,423 | +€8,699 | +89.5% |
| Profit (loss) for the period | 9904 | €25,898 | €63,707 | +€37,809 | +146.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,898 | €63,707 | +€37,809 | +146.0% |
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 10 October 2026 via checked.be.