RO - DE: 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.
RO - DE
Largest movements
- Current investments +€72,235
up €72,235 (+6.1%), from €1.2m to €1.3m
- Cash -€25,424
down €25,424 (-57.5%), from €44,207 to €18,783
mainly Current investments (-€72,235) and Provisions (-€3,906)
- Tangible fixed assets -€16,471
down €16,471 (-5.9%), from €278,684 to €262,213
- Reserves +€29,461
up €29,461 (+4.0%), from €742,008 to €771,469
of which Distributable reserves: +€36,715
- Gross operating margin +€7,490
up €7,490 (+30.9%), from €24,238 to €31,728
- Taxes +€2,177
up €2,177 (+14.2%), from €15,291 to €17,468
- Financial income -€834
down €834 (-2.5%), from €33,690 to €32,856
- Depreciation +€341
up €341 (+2.1%), from €16,130 to €16,471
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.
Derived cash bridge
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 | €1,509,068 | €1,536,599 | +€27,531 | +1.8% |
| Fixed assets | 21/28 | €278,684 | €262,213 | -€16,471 | -5.9% |
| Tangible fixed assets | 22/27 | €278,684 | €262,213 | -€16,471 | -5.9% |
| Land and buildings | 22 | €278,684 | €262,213 | -€16,471 | -5.9% |
| Current assets | 29/58 | €1,230,384 | €1,274,386 | +€44,002 | +3.6% |
| Amounts receivable within one year | 40/41 | €5,501 | €2,692 | -€2,809 | -51.1% |
| Other amounts receivable | 41 | €5,501 | €2,692 | -€2,809 | -51.1% |
| Current investments | 50/53 | €1,180,676 | €1,252,911 | +€72,235 | +6.1% |
| Cash at bank and in hand | 54/58 | €44,207 | €18,783 | -€25,424 | -57.5% |
| Total equity and liabilities | 10/49 | €1,509,068 | €1,536,599 | +€27,531 | +1.8% |
| Equity | 10/15 | €1,445,822 | €1,475,283 | +€29,461 | +2.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €742,008 | €771,469 | +€29,461 | +4.0% |
| Tax-exempt reserves | 132 | €124,939 | €117,685 | -€7,254 | -5.8% |
| Distributable reserves | 133 | €617,069 | €653,784 | +€36,715 | +5.9% |
| Profit (loss) carried forward | 14 | €642,314 | €642,314 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | €50,744 | €46,838 | -€3,906 | -7.7% |
| Deferred taxes | 168 | €50,744 | €46,838 | -€3,906 | -7.7% |
| Amounts payable | 17/49 | €12,502 | €14,478 | +€1,976 | +15.8% |
| Amounts payable within one year | 42/48 | €12,502 | €14,478 | +€1,976 | +15.8% |
| Trade debts | 44 | €4,930 | €5,253 | +€323 | +6.5% |
| Suppliers | 440/4 | €4,930 | €5,253 | +€323 | +6.5% |
| Taxes, remuneration and social security | 45 | €4,430 | €7,639 | +€3,209 | +72.4% |
| Taxes | 450/3 | €4,430 | €7,639 | +€3,209 | +72.4% |
| Other amounts payable | 47/48 | €3,142 | €1,586 | -€1,556 | -49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,130 | €16,471 | +€341 | +2.1% |
| Other operating charges | 640/8 | €5,014 | €5,090 | +€76 | +1.5% |
| Gross operating margin | 9900 | €24,238 | €31,728 | +€7,490 | +30.9% |
| Operating profit (loss) | 9901 | €3,094 | €10,168 | +€7,074 | +229% |
| Financial income | 75/76B | €33,690 | €32,856 | -€834 | -2.5% |
| Recurring financial income | 75 | €33,690 | €32,856 | -€834 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €36,784 | €43,024 | +€6,240 | +17.0% |
| Transfer from deferred taxes | 780 | €3,906 | €3,906 | = | 0.0% |
| Income taxes | 67/77 | €15,291 | €17,468 | +€2,177 | +14.2% |
| Profit (loss) for the period | 9904 | €25,399 | €29,461 | +€4,062 | +16.0% |
| Transfer from tax-exempt reserves | 789 | €7,254 | €7,254 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,653 | €36,715 | +€4,062 | +12.4% |
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 15 October 2026 via checked.be.