ROAN: 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.
ROAN
Largest movements
- Tangible fixed assets -€13,146
down €13,146 (-4.4%), from €300,396 to €287,250
- Cash +€4,194
up €4,194 (+572.3%), from €733 to €4,927
mainly Depreciation (+€13,146) and Net result for the year (+€6,148)
- Debts after one year -€18,000
down €18,000 (-28.1%), from €64,000 to €46,000
- Reserves +€6,148
up €6,148 (+9.3%), from €66,408 to €72,555
of which Distributable reserves: +€6,148
- Gross operating margin +€9,042
up €9,042 (+51.0%), from €17,727 to €26,768
- Depreciation +€2,010
up €2,010 (+18.1%), from €11,136 to €13,146
- Financial charges -€1,201
down €1,201 (-22.3%), from €5,389 to €4,188
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 | €336,486 | €323,950 | -€12,537 | -3.7% |
| Fixed assets | 21/28 | €300,396 | €287,250 | -€13,146 | -4.4% |
| Tangible fixed assets | 22/27 | €300,396 | €287,250 | -€13,146 | -4.4% |
| Land and buildings | 22 | €207,946 | €202,578 | -€5,369 | -2.6% |
| Plant, machinery and equipment | 23 | €3,788 | €2,707 | -€1,082 | -28.5% |
| Furniture and vehicles | 24 | €786 | €464 | -€322 | -41.0% |
| Other tangible fixed assets | 26 | €87,876 | €81,502 | -€6,374 | -7.3% |
| Current assets | 29/58 | €36,090 | €36,700 | +€609 | +1.7% |
| Amounts receivable within one year | 40/41 | €35,120 | €31,773 | -€3,347 | -9.5% |
| Trade receivables | 40 | €27,773 | €31,773 | +€4,000 | +14.4% |
| Other amounts receivable | 41 | €7,347 | - | -€7,347 | |
| Current investments | 50/53 | €7 | - | -€7 | |
| Cash at bank and in hand | 54/58 | €733 | €4,927 | +€4,194 | +572.3% |
| Deferred charges and accrued income | 490/1 | €230 | - | -€230 | |
| Total equity and liabilities | 10/49 | €336,486 | €323,950 | -€12,537 | -3.7% |
| Equity | 10/15 | €269,680 | €275,828 | +€6,148 | +2.3% |
| Contributions | 10/11 | €203,273 | €203,273 | = | 0.0% |
| Capital | 10 | €203,273 | €203,273 | = | 0.0% |
| Issued capital | 100 | €203,273 | €203,273 | = | 0.0% |
| Reserves | 13 | €66,408 | €72,555 | +€6,148 | +9.3% |
| Non-distributable reserves | 130/1 | €22,547 | €22,547 | = | 0.0% |
| Legal reserve | 130 | €22,547 | €22,547 | = | 0.0% |
| Distributable reserves | 133 | €43,860 | €50,008 | +€6,148 | +14.0% |
| Amounts payable | 17/49 | €66,806 | €48,122 | -€18,684 | -28.0% |
| Amounts payable after more than one year | 17 | €64,000 | €46,000 | -€18,000 | -28.1% |
| Financial debts | 170/4 | €64,000 | €46,000 | -€18,000 | -28.1% |
| Amounts payable within one year | 42/48 | €2,216 | €1,532 | -€684 | -30.9% |
| Trade debts | 44 | €676 | €180 | -€496 | -73.3% |
| Suppliers | 440/4 | €676 | €180 | -€496 | -73.3% |
| Taxes, remuneration and social security | 45 | €1,540 | €1,168 | -€372 | -24.1% |
| Taxes | 450/3 | €1,540 | €1,168 | -€372 | -24.1% |
| Other amounts payable | 47/48 | - | €183 | +€183 | |
| Accrued charges and deferred income | 492/3 | €590 | €590 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,136 | €13,146 | +€2,010 | +18.1% |
| Other operating charges | 640/8 | €3,258 | €3,287 | +€29 | +0.9% |
| Gross operating margin | 9900 | €17,727 | €26,768 | +€9,042 | +51.0% |
| Operating profit (loss) | 9901 | €3,334 | €10,336 | +€7,002 | +210.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,389 | €4,188 | -€1,201 | -22.3% |
| Recurring financial charges | 65 | €5,389 | €4,188 | -€1,201 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,055 | €6,148 | +€8,203 | |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€2,055 | €6,148 | +€8,203 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,055 | €6,148 | +€8,203 |
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.