Ro-am: what changed
Two fiscal 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.
Ro-am
Largest movements
- Cash +€14,865
up €14,865 (+39.3%), from €37,833 to €52,698
mainly Net result for the year (+€14,940) and Receivables within one year (+€7,519)
- Receivables within one year -€7,519
down €7,519 (-46.0%), from €16,355 to €8,836
of which Trade receivables: -€7,639
- Tangible fixed assets -€1,003
down €1,003 (-11.2%), from €8,966 to €7,963
of which Plant, machinery and equipment: -€502
- Reserves +€14,107
up €14,107 (+31.1%), from €45,418 to €59,525
- Tax, wage and social debts -€5,855
down €5,855 (-46.5%), from €12,581 to €6,726
of which Taxes: -€5,882
- Current portion of long-term debt -€3,049
no longer reported in 2025 (was €3,049)
- Trade debts +€1,764
up €1,764 (+179.3%), from €984 to €2,747
- Gross operating margin +€6,763
up €6,763 (+29.5%), from €22,904 to €29,667
- Depreciation -€2,752
down €2,752 (-29.8%), from €9,234 to €6,482
- Taxes +€2,400
up €2,400 (+54.0%), from €4,442 to €6,842
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 | €66,631 | €73,031 | +€6,400 | +9.6% |
| Fixed assets | 21/28 | €8,966 | €7,963 | -€1,003 | -11.2% |
| Tangible fixed assets | 22/27 | €8,966 | €7,963 | -€1,003 | -11.2% |
| Plant, machinery and equipment | 23 | €1,452 | €950 | -€502 | -34.6% |
| Furniture and vehicles | 24 | €7,513 | €7,013 | -€500 | -6.7% |
| Current assets | 29/58 | €57,666 | €65,069 | +€7,403 | +12.8% |
| Stocks and contracts in progress | 3 | €2,515 | €2,515 | = | 0.0% |
| Stocks | 30/36 | €2,515 | €2,515 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,355 | €8,836 | -€7,519 | -46.0% |
| Trade receivables | 40 | €15,970 | €8,331 | -€7,639 | -47.8% |
| Other amounts receivable | 41 | €385 | €505 | +€120 | +31.1% |
| Cash at bank and in hand | 54/58 | €37,833 | €52,698 | +€14,865 | +39.3% |
| Deferred charges and accrued income | 490/1 | €963 | €1,020 | +€57 | +6.0% |
| Total equity and liabilities | 10/49 | €66,631 | €73,031 | +€6,400 | +9.6% |
| Equity | 10/15 | €48,418 | €62,525 | +€14,107 | +29.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €45,418 | €59,525 | +€14,107 | +31.1% |
| Distributable reserves | 133 | €45,418 | €59,525 | +€14,107 | +31.1% |
| Amounts payable | 17/49 | €18,213 | €10,506 | -€7,707 | -42.3% |
| Amounts payable within one year | 42/48 | €17,413 | €10,306 | -€7,107 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | €3,049 | - | -€3,049 | |
| Trade debts | 44 | €984 | €2,747 | +€1,764 | +179.3% |
| Suppliers | 440/4 | €984 | €2,747 | +€1,764 | +179.3% |
| Taxes, remuneration and social security | 45 | €12,581 | €6,726 | -€5,855 | -46.5% |
| Taxes | 450/3 | €9,724 | €3,842 | -€5,882 | -60.5% |
| Remuneration and social security | 454/9 | €2,857 | €2,884 | +€27 | +0.9% |
| Other amounts payable | 47/48 | €800 | €833 | +€33 | +4.1% |
| Accrued charges and deferred income | 492/3 | €800 | €200 | -€600 | -75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,234 | €6,482 | -€2,752 | -29.8% |
| Other operating charges | 640/8 | €1,297 | €1,259 | -€38 | -2.9% |
| Gross operating margin | 9900 | €22,904 | €29,667 | +€6,763 | +29.5% |
| Operating profit (loss) | 9901 | €12,373 | €21,926 | +€9,553 | +77.2% |
| Financial charges | 65/66B | €206 | €144 | -€63 | -30.3% |
| Recurring financial charges | 65 | €206 | €144 | -€63 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €12,167 | €21,782 | +€9,615 | +79.0% |
| Income taxes | 67/77 | €4,442 | €6,842 | +€2,400 | +54.0% |
| Profit (loss) for the period | 9904 | €7,725 | €14,940 | +€7,215 | +93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,725 | €14,940 | +€7,215 | +93.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.