R.O.G.: what changed
What changed
R.O.G.
filed annual accounts (NBB)
Net result for the year
€38,585
2024 · €31,878+€6,707
Equity
€848,640
2024 · €810,055+€38,585
Cash
€169,719
2024 · €270,631-€100,912
Balance sheet total
€1.1m
2024 · €1.2m-€13,333
Largest movements
Assets
- Current investments +€200,000
up €200,000 (+274%), from €72,920 to €272,920
- Tangible fixed assets -€118,509
down €118,509 (-14.7%), from €808,298 to €689,789
of which Land and buildings: -€118,012
- Cash -€100,912
down €100,912 (-37.3%), from €270,631 to €169,719
mainly Current investments (-€200,000) and Debts after one year (-€48,249)
Equity and liabilities
- Debts after one year -€48,249
down €48,249 (-19.5%), from €246,857 to €198,608
- Profit (loss) carried forward +€38,585
up €38,585 (+75.8%), from -€50,886 to -€12,301
Income statement
- Depreciation -€9,951
down €9,951 (-28.0%), from €35,594 to €25,643
- Gross operating margin -€5,268
down €5,268 (-6.2%), from €84,412 to €79,144
- Other operating charges -€1,582
down €1,582 (-12.6%), from €12,546 to €10,964
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€31,878
Gross operating margin
-€5,268
Depreciation
+€9,951
Other operating charges
+€1,582
Financial income
-€110
Financial charges
+€223
Taxes
+€329
Result 2025
€38,585
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€53,922
Investment
-€107,133
Financing
-€47,701
Cash 2024
€270,631
From operations (derived)
+€53,922
Net result for the year
+€38,585
Depreciation
+€25,643
Smaller working-capital items
-€378
Deferred charges and accrued income
-€5,710
Other debts
-€2,630
Accrued charges and deferred income
-€1,588
Investment (derived)
-€107,133
Investment in fixed assets (net)
+€92,867
Current investments
-€200,000
Financing
-€47,701
Debts after one year
-€48,249
Current portion of long-term debt
+€548
Cash 2025
€169,719
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,163,270 | €1,149,938 | -€13,333 | -1.1% |
| Fixed assets | 21/28 | €808,298 | €689,789 | -€118,509 | -14.7% |
| Tangible fixed assets | 22/27 | €808,298 | €689,789 | -€118,509 | -14.7% |
| Land and buildings | 22 | €807,788 | €689,776 | -€118,012 | -14.6% |
| Plant, machinery and equipment | 23 | €510 | €14 | -€497 | -97.3% |
| Current assets | 29/58 | €354,972 | €460,149 | +€105,176 | +29.6% |
| Amounts receivable within one year | 40/41 | - | €378 | +€378 | |
| Other amounts receivable | 41 | - | €378 | +€378 | |
| Current investments | 50/53 | €72,920 | €272,920 | +€200,000 | +274% |
| Cash at bank and in hand | 54/58 | €270,631 | €169,719 | -€100,912 | -37.3% |
| Deferred charges and accrued income | 490/1 | €11,421 | €17,131 | +€5,710 | +50.0% |
| Total equity and liabilities | 10/49 | €1,163,270 | €1,149,938 | -€13,333 | -1.1% |
| Equity | 10/15 | €810,055 | €848,640 | +€38,585 | +4.8% |
| Contributions | 10/11 | €691,225 | €691,225 | = | 0.0% |
| Reserves | 13 | €169,716 | €169,716 | = | 0.0% |
| Distributable reserves | 133 | €169,716 | €169,716 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,886 | -€12,301 | +€38,585 | +75.8% |
| Amounts payable | 17/49 | €353,216 | €301,298 | -€51,918 | -14.7% |
| Amounts payable after more than one year | 17 | €246,857 | €198,608 | -€48,249 | -19.5% |
| Financial debts | 170/4 | €246,857 | €198,608 | -€48,249 | -19.5% |
| Amounts payable within one year | 42/48 | €98,395 | €96,315 | -€2,081 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €47,701 | €48,249 | +€548 | +1.1% |
| Trade debts | 44 | €705 | €706 | +€1 | +0.1% |
| Suppliers | 440/4 | €705 | €706 | +€1 | +0.1% |
| Other amounts payable | 47/48 | €49,990 | €47,360 | -€2,630 | -5.3% |
| Accrued charges and deferred income | 492/3 | €7,964 | €6,375 | -€1,588 | -19.9% |
| Non-recurring operating income | 76A | - | €12,133 | +€12,133 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,594 | €25,643 | -€9,951 | -28.0% |
| Other operating charges | 640/8 | €12,546 | €10,964 | -€1,582 | -12.6% |
| Gross operating margin | 9900 | €84,412 | €79,144 | -€5,268 | -6.2% |
| Operating profit (loss) | 9901 | €36,272 | €42,537 | +€6,265 | +17.3% |
| Financial income | 75/76B | €1,371 | €1,261 | -€110 | -8.0% |
| Recurring financial income | 75 | €1,371 | €1,261 | -€110 | -8.0% |
| Financial charges | 65/66B | €5,847 | €5,624 | -€223 | -3.8% |
| Recurring financial charges | 65 | €5,847 | €5,624 | -€223 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €31,796 | €38,174 | +€6,378 | +20.1% |
| Income taxes | 67/77 | -€82 | -€411 | -€329 | -400% |
| Profit (loss) for the period | 9904 | €31,878 | €38,585 | +€6,707 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,878 | €38,585 | +€6,707 | +21.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.