RO-SO: 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-SO
Largest movements
- Receivables within one year -€67,481
down €67,481 (-23.2%), from €290,730 to €223,249
of which Trade receivables: -€70,686
- Cash -€31,679
down €31,679 (-92.9%), from €34,085 to €2,406
mainly Contributions, distributions and other (-€62,060) and Trade debts (-€61,404)
- Trade debts -€61,404
down €61,404 (-40.6%), from €151,405 to €90,000
- Other debts -€46,944
down €46,944 (-48.2%), from €97,387 to €50,443
- Accrued charges and deferred income +€8,855
up €8,855 (+78.3%), from €11,304 to €20,159
- Tax, wage and social debts +€8,769
up €8,769 (+36.2%), from €24,215 to €32,984
of which Remuneration and social security: +€5,715
- Profit (loss) carried forward -€8,434
down €8,434 (-33.5%), from €25,209 to €16,774
- Gross operating margin +€59,051
up €59,051 (+79.4%), from €74,379 to €133,430
- Taxes +€11,110
up €11,110 (+465%), from €2,389 to €13,499
- Staff costs +€3,304
up €3,304 (+5.3%), from €62,479 to €65,783
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 | €331,520 | €232,360 | -€99,159 | -29.9% |
| Current assets | 29/58 | €331,520 | €232,360 | -€99,159 | -29.9% |
| Amounts receivable within one year | 40/41 | €290,730 | €223,249 | -€67,481 | -23.2% |
| Trade receivables | 40 | €288,119 | €217,433 | -€70,686 | -24.5% |
| Other amounts receivable | 41 | €2,611 | €5,817 | +€3,206 | +123% |
| Cash at bank and in hand | 54/58 | €34,085 | €2,406 | -€31,679 | -92.9% |
| Deferred charges and accrued income | 490/1 | €6,705 | €6,705 | = | 0.0% |
| Total equity and liabilities | 10/49 | €331,520 | €232,360 | -€99,159 | -29.9% |
| Equity | 10/15 | €47,209 | €38,774 | -€8,434 | -17.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,209 | €16,774 | -€8,434 | -33.5% |
| Amounts payable | 17/49 | €284,311 | €193,586 | -€90,725 | -31.9% |
| Amounts payable within one year | 42/48 | €273,007 | €173,427 | -€99,580 | -36.5% |
| Trade debts | 44 | €151,405 | €90,000 | -€61,404 | -40.6% |
| Suppliers | 440/4 | €151,405 | €90,000 | -€61,404 | -40.6% |
| Taxes, remuneration and social security | 45 | €24,215 | €32,984 | +€8,769 | +36.2% |
| Taxes | 450/3 | €8,811 | €11,865 | +€3,054 | +34.7% |
| Remuneration and social security | 454/9 | €15,405 | €21,120 | +€5,715 | +37.1% |
| Other amounts payable | 47/48 | €97,387 | €50,443 | -€46,944 | -48.2% |
| Accrued charges and deferred income | 492/3 | €11,304 | €20,159 | +€8,855 | +78.3% |
| Remuneration, social security and pensions | 62 | €62,479 | €65,783 | +€3,304 | +5.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €74,379 | €133,430 | +€59,051 | +79.4% |
| Operating profit (loss) | 9901 | €11,513 | €67,248 | +€55,735 | +484% |
| Financial charges | 65/66B | €231 | €123 | -€108 | -46.9% |
| Recurring financial charges | 65 | €231 | €123 | -€108 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €11,282 | €67,125 | +€55,843 | +495% |
| Income taxes | 67/77 | €2,389 | €13,499 | +€11,110 | +465% |
| Profit (loss) for the period | 9904 | €8,893 | €53,626 | +€44,733 | +503% |
| Profit (loss) for the period to be appropriated | 9905 | €8,893 | €53,626 | +€44,733 | +503% |
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.