RO CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year +€74,753
up €74,753 (+34.6%), from €215,792 to €290,544
of which Trade receivables: +€81,935
- Stocks and contracts +€19,534
up €19,534 (+18.5%), from €105,325 to €124,860
- Tangible fixed assets +€17,610
up €17,610 (+63.1%), from €27,912 to €45,522
of which Leasing and similar rights: +€29,210
- Receivables after one year +€15,000
new in 2024: €15,000
- Deferred charges and accrued income -€8,551
no longer reported in 2024 (was €8,551)
- Trade debts +€90,718
up €90,718 (+68.2%), from €132,923 to €223,641
of which Bills of exchange payable: +€104,704
- Tax, wage and social debts -€20,441
down €20,441 (-66.7%), from €30,652 to €10,211
of which Remuneration and social security: -€25,403
- Debts after one year +€19,856
up €19,856 (+167.3%), from €11,870 to €31,727
- Profit (loss) carried forward +€14,992
up €14,992 (+18.8%), from €79,713 to €94,705
- Short-term financial debts +€12,152
up €12,152 (+35.0%), from €34,689 to €46,841
- Turnover -€71,318
down €71,318 (-12.0%), from €594,917 to €523,599
- Purchases and services -€58,570
down €58,570 (-10.8%), from €542,781 to €484,211
- Gross operating margin -€12,748
down €12,748 (-24.5%), from €52,137 to €39,388
- Staff costs -€7,328
down €7,328 (-92.2%), from €7,950 to €622
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €381,424 | €492,804 | +€111,380 | +29.2% |
| Fixed assets | 21/28 | €27,912 | €45,522 | +€17,610 | +63.1% |
| Tangible fixed assets | 22/27 | €27,912 | €45,522 | +€17,610 | +63.1% |
| Plant, machinery and equipment | 23 | €4,163 | €2,774 | -€1,389 | -33.4% |
| Furniture and vehicles | 24 | €23,749 | €13,538 | -€10,212 | -43.0% |
| Leasing and similar rights | 25 | - | €29,210 | +€29,210 | |
| Current assets | 29/58 | €353,512 | €447,281 | +€93,770 | +26.5% |
| Amounts receivable after more than one year | 29 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 291 | - | €15,000 | +€15,000 | |
| Stocks and contracts in progress | 3 | €105,325 | €124,860 | +€19,534 | +18.5% |
| Stocks | 30/36 | €105,325 | €124,860 | +€19,534 | +18.5% |
| Amounts receivable within one year | 40/41 | €215,792 | €290,544 | +€74,753 | +34.6% |
| Trade receivables | 40 | €121,290 | €203,225 | +€81,935 | +67.6% |
| Other amounts receivable | 41 | €94,502 | €87,320 | -€7,182 | -7.6% |
| Cash at bank and in hand | 54/58 | €23,844 | €16,878 | -€6,966 | -29.2% |
| Deferred charges and accrued income | 490/1 | €8,551 | - | -€8,551 | |
| Total equity and liabilities | 10/49 | €381,424 | €492,804 | +€111,380 | +29.2% |
| Equity | 10/15 | €89,473 | €102,765 | +€13,292 | +14.9% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Revaluation surpluses | 12 | €1,700 | - | -€1,700 | |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €79,713 | €94,705 | +€14,992 | +18.8% |
| Amounts payable | 17/49 | €291,951 | €390,038 | +€98,088 | +33.6% |
| Amounts payable after more than one year | 17 | €11,870 | €31,727 | +€19,856 | +167.3% |
| Financial debts | 170/4 | €11,870 | €31,727 | +€19,856 | +167.3% |
| Amounts payable within one year | 42/48 | €280,080 | €358,311 | +€78,231 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | €9,687 | €6,920 | -€2,767 | -28.6% |
| Financial debts | 43 | €34,689 | €46,841 | +€12,152 | +35.0% |
| Credit institutions | 430/8 | €34,689 | €46,841 | +€12,152 | +35.0% |
| Trade debts | 44 | €132,923 | €223,641 | +€90,718 | +68.2% |
| Suppliers | 440/4 | €94,290 | €80,304 | -€13,986 | -14.8% |
| Bills of exchange payable | 441 | €38,633 | €143,337 | +€104,704 | +271.0% |
| Advances received on contracts in progress | 46 | €500 | €500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €30,652 | €10,211 | -€20,441 | -66.7% |
| Taxes | 450/3 | €5,249 | €10,211 | +€4,962 | +94.5% |
| Remuneration and social security | 454/9 | €25,403 | - | -€25,403 | |
| Other amounts payable | 47/48 | €71,628 | €70,198 | -€1,430 | -2.0% |
| Turnover | 70 | €594,917 | €523,599 | -€71,318 | -12.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €542,781 | €484,211 | -€58,570 | -10.8% |
| Remuneration, social security and pensions | 62 | €7,950 | €622 | -€7,328 | -92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,734 | €14,256 | +€2,522 | +21.5% |
| Other operating charges | 640/8 | €1,308 | €1,452 | +€143 | +11.0% |
| Non-recurring operating charges | 66A | €683 | - | -€683 | |
| Gross operating margin | 9900 | €52,137 | €39,388 | -€12,748 | -24.5% |
| Operating profit (loss) | 9901 | €30,461 | €23,058 | -€7,403 | -24.3% |
| Financial income | 75/76B | €6,168 | €4,535 | -€1,634 | -26.5% |
| Recurring financial income | 75 | €5,485 | €4,535 | -€951 | -17.3% |
| Non-recurring financial income | 76B | €683 | - | -€683 | |
| Financial charges | 65/66B | €8,051 | €7,648 | -€403 | -5.0% |
| Recurring financial charges | 65 | €8,051 | €7,648 | -€403 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €28,578 | €19,945 | -€8,633 | -30.2% |
| Income taxes | 67/77 | €6,299 | €4,953 | -€1,346 | -21.4% |
| Profit (loss) for the period | 9904 | €22,280 | €14,992 | -€7,288 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,280 | €14,992 | -€7,288 | -32.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2023 and 31 January 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.