RO GROUP: 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 GROUP
Largest movements
- Tangible fixed assets -€19,450
down €19,450 (-42.6%), from €45,645 to €26,195
of which Furniture and vehicles: -€18,820
- Receivables within one year +€18,319
up €18,319 (+97.1%), from €18,867 to €37,186
of which Trade receivables: +€20,202
- Reserves +€21,373
up €21,373 (+37.2%), from €57,397 to €78,770
of which Distributable reserves: +€21,373
- Trade debts -€12,430
down €12,430 (-64.1%), from €19,379 to €6,949
- Debts after one year -€10,368
no longer reported in 2025 (was €10,368)
- Current portion of long-term debt -€5,249
down €5,249 (-33.6%), from €15,617 to €10,368
- Profit (loss) carried forward +€4,855
no longer reported in 2025 (was -€4,855)
- Gross operating margin +€33,675
up €33,675 (+244.3%), from €13,782 to €47,457
- Depreciation +€2,840
up €2,840 (+17.1%), from €16,610 to €19,450
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 | €104,106 | €102,354 | -€1,753 | -1.7% |
| Fixed assets | 21/28 | €45,645 | €26,195 | -€19,450 | -42.6% |
| Tangible fixed assets | 22/27 | €45,645 | €26,195 | -€19,450 | -42.6% |
| Plant, machinery and equipment | 23 | €1,094 | €464 | -€630 | -57.6% |
| Furniture and vehicles | 24 | €44,551 | €25,731 | -€18,820 | -42.2% |
| Current assets | 29/58 | €58,461 | €76,159 | +€17,697 | +30.3% |
| Amounts receivable within one year | 40/41 | €18,867 | €37,186 | +€18,319 | +97.1% |
| Trade receivables | 40 | €6,769 | €26,971 | +€20,202 | +298.5% |
| Other amounts receivable | 41 | €12,098 | €10,216 | -€1,883 | -15.6% |
| Cash at bank and in hand | 54/58 | €39,594 | €38,619 | -€975 | -2.5% |
| Deferred charges and accrued income | 490/1 | - | €354 | +€354 | |
| Total equity and liabilities | 10/49 | €104,106 | €102,354 | -€1,753 | -1.7% |
| Equity | 10/15 | €58,742 | €84,970 | +€26,228 | +44.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €57,397 | €78,770 | +€21,373 | +37.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €55,537 | €76,910 | +€21,373 | +38.5% |
| Profit (loss) carried forward | 14 | -€4,855 | - | +€4,855 | |
| Amounts payable | 17/49 | €45,364 | €17,384 | -€27,981 | -61.7% |
| Amounts payable after more than one year | 17 | €10,368 | - | -€10,368 | |
| Financial debts | 170/4 | €10,368 | - | -€10,368 | |
| Amounts payable within one year | 42/48 | €34,996 | €17,384 | -€17,612 | -50.3% |
| Current portion of amounts payable after more than one year | 42 | €15,617 | €10,368 | -€5,249 | -33.6% |
| Trade debts | 44 | €19,379 | €6,949 | -€12,430 | -64.1% |
| Suppliers | 440/4 | €19,379 | €6,949 | -€12,430 | -64.1% |
| Taxes, remuneration and social security | 45 | - | €67 | +€67 | |
| Taxes | 450/3 | - | €67 | +€67 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,610 | €19,450 | +€2,840 | +17.1% |
| Other operating charges | 640/8 | €596 | €562 | -€34 | -5.7% |
| Gross operating margin | 9900 | €13,782 | €47,457 | +€33,675 | +244.3% |
| Operating profit (loss) | 9901 | -€3,424 | €27,445 | +€30,869 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,431 | €1,150 | -€281 | -19.6% |
| Recurring financial charges | 65 | €1,431 | €1,150 | -€281 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,855 | €26,295 | +€31,150 | |
| Income taxes | 67/77 | - | €67 | +€67 | |
| Profit (loss) for the period | 9904 | -€4,855 | €26,228 | +€31,083 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,855 | €26,228 | +€31,083 |
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 30 September 2026 via checked.be.