RôA: 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.
RôA
Largest movements
- Receivables within one year +€49,397
up €49,397 (+150%), from €32,883 to €82,280
of which Trade receivables: +€40,682
- Cash +€46,845
up €46,845 (+319%), from €14,688 to €61,533
mainly Trade debts (+€58,522) and Net result for the year (+€33,348)
- Tangible fixed assets -€7,078
down €7,078 (-49.4%), from €14,321 to €7,242
- Trade debts +€58,522
up €58,522 (+230%), from €25,432 to €83,954
- Profit (loss) carried forward +€33,348
up €33,348 (+1,299%), from €2,566 to €35,914
- Other debts -€6,316
down €6,316 (-24.8%), from €25,415 to €19,099
- Tax, wage and social debts +€3,705
up €3,705 (+67.6%), from €5,479 to €9,183
of which Taxes: +€5,705
- Gross operating margin +€38,145
up €38,145 (+286%), from €13,358 to €51,504
- Taxes +€7,805
up €7,805 (+566%), from €1,379 to €9,183
- Other operating charges -€678
down €678 (-31.1%), from €2,181 to €1,503
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 | €61,892 | €151,150 | +€89,259 | +144% |
| Fixed assets | 21/28 | €14,321 | €7,242 | -€7,078 | -49.4% |
| Tangible fixed assets | 22/27 | €14,321 | €7,242 | -€7,078 | -49.4% |
| Furniture and vehicles | 24 | €14,321 | €7,242 | -€7,078 | -49.4% |
| Current assets | 29/58 | €47,571 | €143,908 | +€96,337 | +203% |
| Amounts receivable within one year | 40/41 | €32,883 | €82,280 | +€49,397 | +150% |
| Trade receivables | 40 | €25,568 | €66,250 | +€40,682 | +159% |
| Other amounts receivable | 41 | €7,316 | €16,030 | +€8,714 | +119% |
| Cash at bank and in hand | 54/58 | €14,688 | €61,533 | +€46,845 | +319% |
| Deferred charges and accrued income | 490/1 | - | €95 | +€95 | |
| Total equity and liabilities | 10/49 | €61,892 | €151,150 | +€89,259 | +144% |
| Equity | 10/15 | €5,566 | €38,914 | +€33,348 | +599% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,566 | €35,914 | +€33,348 | +1,299% |
| Amounts payable | 17/49 | €56,326 | €112,236 | +€55,911 | +99.3% |
| Amounts payable within one year | 42/48 | €56,326 | €112,236 | +€55,911 | +99.3% |
| Trade debts | 44 | €25,432 | €83,954 | +€58,522 | +230% |
| Suppliers | 440/4 | €25,432 | €83,954 | +€58,522 | +230% |
| Taxes, remuneration and social security | 45 | €5,479 | €9,183 | +€3,705 | +67.6% |
| Taxes | 450/3 | €3,479 | €9,183 | +€5,705 | +164% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €25,415 | €19,099 | -€6,316 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,916 | €7,078 | +€162 | +2.3% |
| Other operating charges | 640/8 | €2,181 | €1,503 | -€678 | -31.1% |
| Gross operating margin | 9900 | €13,358 | €51,504 | +€38,145 | +286% |
| Operating profit (loss) | 9901 | €4,262 | €42,923 | +€38,661 | +907% |
| Financial income | 75/76B | €7 | €2 | -€4 | -65.8% |
| Recurring financial income | 75 | €7 | €2 | -€4 | -65.8% |
| Financial charges | 65/66B | €324 | €394 | +€71 | +21.8% |
| Recurring financial charges | 65 | €324 | €394 | +€71 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €3,945 | €42,531 | +€38,586 | +978% |
| Income taxes | 67/77 | €1,379 | €9,183 | +€7,805 | +566% |
| Profit (loss) for the period | 9904 | €2,566 | €33,348 | +€30,781 | +1,199% |
| Profit (loss) for the period to be appropriated | 9905 | €2,566 | €33,348 | +€30,781 | +1,199% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.