RO BEL: 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 BEL
Largest movements
- Cash +€50,299
up €50,299 (+268.3%), from €18,744 to €69,043
mainly Tax, wage and social debts (+€53,096) and Net result for the year (+€37,536)
- Receivables within one year +€15,635
up €15,635 (+7.9%), from €197,754 to €213,389
of which Other amounts receivable: +€16,969
- Tangible fixed assets -€14,864
down €14,864 (-53.0%), from €28,023 to €13,159
of which Furniture and vehicles: -€12,518
- Tax, wage and social debts +€53,096
up €53,096 (+46.4%), from €114,437 to €167,533
of which Taxes: +€55,046
- Trade debts -€39,041
down €39,041 (-9.8%), from €396,601 to €357,560
- Profit (loss) carried forward +€37,536
up €37,536 (+14.6%), from -€257,388 to -€219,852
- Gross operating margin +€11,369
up €11,369 (+6.9%), from €165,364 to €176,734
- Staff costs +€4,352
up €4,352 (+3.4%), from €126,175 to €130,526
- Financial income +€3,408
up €3,408 (+40.0%), from €8,522 to €11,929
- Other operating charges +€2,729
up €2,729 (+44.6%), from €6,123 to €8,852
- Depreciation -€1,867
down €1,867 (-16.9%), from €11,019 to €9,152
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 | €263,499 | €315,089 | +€51,590 | +19.6% |
| Fixed assets | 21/28 | €30,787 | €15,923 | -€14,864 | -48.3% |
| Tangible fixed assets | 22/27 | €28,023 | €13,159 | -€14,864 | -53.0% |
| Plant, machinery and equipment | 23 | €5,564 | €3,442 | -€2,122 | -38.1% |
| Furniture and vehicles | 24 | €21,277 | €8,759 | -€12,518 | -58.8% |
| Other tangible fixed assets | 26 | €1,183 | €958 | -€225 | -19.0% |
| Financial fixed assets | 28 | €2,764 | €2,764 | = | 0.0% |
| Current assets | 29/58 | €232,712 | €299,167 | +€66,455 | +28.6% |
| Stocks and contracts in progress | 3 | €11,250 | €12,938 | +€1,688 | +15.0% |
| Stocks | 30/36 | €11,250 | €12,938 | +€1,688 | +15.0% |
| Amounts receivable within one year | 40/41 | €197,754 | €213,389 | +€15,635 | +7.9% |
| Trade receivables | 40 | €1,333 | - | -€1,333 | |
| Other amounts receivable | 41 | €196,420 | €213,389 | +€16,969 | +8.6% |
| Current investments | 50/53 | €3,600 | €3,700 | +€100 | +2.8% |
| Cash at bank and in hand | 54/58 | €18,744 | €69,043 | +€50,299 | +268.3% |
| Deferred charges and accrued income | 490/1 | €1,364 | €97 | -€1,268 | -92.9% |
| Total equity and liabilities | 10/49 | €263,499 | €315,089 | +€51,590 | +19.6% |
| Equity | 10/15 | -€251,188 | -€213,652 | +€37,536 | +14.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€257,388 | -€219,852 | +€37,536 | +14.6% |
| Amounts payable | 17/49 | €514,687 | €528,741 | +€14,055 | +2.7% |
| Amounts payable after more than one year | 17 | €3,648 | €3,648 | = | 0.0% |
| Financial debts | 170/4 | €3,648 | €3,648 | = | 0.0% |
| Amounts payable within one year | 42/48 | €511,038 | €525,093 | +€14,055 | +2.8% |
| Trade debts | 44 | €396,601 | €357,560 | -€39,041 | -9.8% |
| Suppliers | 440/4 | €396,601 | €357,560 | -€39,041 | -9.8% |
| Taxes, remuneration and social security | 45 | €114,437 | €167,533 | +€53,096 | +46.4% |
| Taxes | 450/3 | €104,896 | €159,942 | +€55,046 | +52.5% |
| Remuneration and social security | 454/9 | €9,541 | €7,590 | -€1,951 | -20.4% |
| Non-recurring operating income | 76A | - | €2,288 | +€2,288 | |
| Remuneration, social security and pensions | 62 | €126,175 | €130,526 | +€4,352 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,019 | €9,152 | -€1,867 | -16.9% |
| Other operating charges | 640/8 | €6,123 | €8,852 | +€2,729 | +44.6% |
| Gross operating margin | 9900 | €165,364 | €176,734 | +€11,369 | +6.9% |
| Operating profit (loss) | 9901 | €22,047 | €28,203 | +€6,156 | +27.9% |
| Financial income | 75/76B | €8,522 | €11,929 | +€3,408 | +40.0% |
| Recurring financial income | 75 | €8,522 | €11,929 | +€3,408 | +40.0% |
| Financial charges | 65/66B | €1,976 | €2,335 | +€359 | +18.2% |
| Recurring financial charges | 65 | €1,976 | €2,335 | +€359 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €28,592 | €37,797 | +€9,205 | +32.2% |
| Income taxes | 67/77 | €255 | €262 | +€6 | +2.4% |
| Profit (loss) for the period | 9904 | €28,337 | €37,536 | +€9,199 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,337 | €37,536 | +€9,199 | +32.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.