RO-SE: 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-SE
Largest movements
- Cash +€14,673
up €14,673 (+28.2%), from €51,978 to €66,651
mainly Net result for the year (+€6,092) and Depreciation (+€4,758)
- Receivables within one year -€4,171
down €4,171 (-15.1%), from €27,617 to €23,446
of which Trade receivables: -€4,142
- Reserves +€5,000
up €5,000 (+6.7%), from €75,000 to €80,000
- Tax, wage and social debts +€4,164
up €4,164 (+30.0%), from €13,858 to €18,021
of which Taxes: +€3,686
- Gross operating margin -€82,636
down €82,636 (-84.3%), from €98,060 to €15,424
- Taxes -€14,865
down €14,865 (-78.2%), from €19,000 to €4,135
- Depreciation +€2,290
up €2,290 (+92.8%), from €2,467 to €4,758
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 | €93,277 | €102,570 | +€9,292 | +10.0% |
| Fixed assets | 21/28 | €13,405 | €12,421 | -€984 | -7.3% |
| Tangible fixed assets | 22/27 | €13,405 | €12,421 | -€984 | -7.3% |
| Furniture and vehicles | 24 | €13,405 | €10,561 | -€2,844 | -21.2% |
| Other tangible fixed assets | 26 | - | €1,860 | +€1,860 | |
| Current assets | 29/58 | €79,872 | €90,149 | +€10,277 | +12.9% |
| Amounts receivable within one year | 40/41 | €27,617 | €23,446 | -€4,171 | -15.1% |
| Trade receivables | 40 | €27,519 | €23,377 | -€4,142 | -15.1% |
| Other amounts receivable | 41 | €98 | €69 | -€29 | -30.1% |
| Cash at bank and in hand | 54/58 | €51,978 | €66,651 | +€14,673 | +28.2% |
| Deferred charges and accrued income | 490/1 | €277 | €52 | -€225 | -81.1% |
| Total equity and liabilities | 10/49 | €93,277 | €102,570 | +€9,292 | +10.0% |
| Equity | 10/15 | €78,034 | €83,295 | +€5,262 | +6.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €75,000 | €80,000 | +€5,000 | +6.7% |
| Distributable reserves | 133 | €75,000 | €80,000 | +€5,000 | +6.7% |
| Profit (loss) carried forward | 14 | €34 | €295 | +€262 | +780.5% |
| Amounts payable | 17/49 | €15,244 | €19,275 | +€4,031 | +26.4% |
| Amounts payable within one year | 42/48 | €14,688 | €19,069 | +€4,381 | +29.8% |
| Trade debts | 44 | - | €218 | +€218 | |
| Suppliers | 440/4 | - | €218 | +€218 | |
| Taxes, remuneration and social security | 45 | €13,858 | €18,021 | +€4,164 | +30.0% |
| Taxes | 450/3 | €13,858 | €17,544 | +€3,686 | +26.6% |
| Remuneration and social security | 454/9 | - | €478 | +€478 | |
| Other amounts payable | 47/48 | €830 | €830 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €556 | €206 | -€350 | -63.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,467 | €4,758 | +€2,290 | +92.8% |
| Other operating charges | 640/8 | €729 | €303 | -€426 | -58.4% |
| Gross operating margin | 9900 | €98,060 | €15,424 | -€82,636 | -84.3% |
| Operating profit (loss) | 9901 | €94,864 | €10,363 | -€84,501 | -89.1% |
| Financial income | 75/76B | - | €47 | +€47 | |
| Recurring financial income | 75 | - | €47 | +€47 | |
| Financial charges | 65/66B | €1 | €184 | +€183 | +34562.3% |
| Recurring financial charges | 65 | €1 | €184 | +€183 | +34562.3% |
| Profit (loss) for the period before taxes | 9903 | €94,864 | €10,226 | -€84,637 | -89.2% |
| Income taxes | 67/77 | €19,000 | €4,135 | -€14,865 | -78.2% |
| Profit (loss) for the period | 9904 | €75,864 | €6,092 | -€69,772 | -92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,864 | €6,092 | -€69,772 | -92.0% |
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.