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
- Cash +€38,124
up €38,124 (+11.7%), from €325,860 to €363,985
mainly Net result for the year (+€36,444) and Depreciation (+€4,945)
- Reserves +€36,444
up €36,444 (+3.2%), from €1.1m to €1.2m
of which Distributable reserves: +€36,444
- Depreciation -€3,588
down €3,588 (-42.1%), from €8,533 to €4,945
- Financial income +€3,506
up €3,506 (+31.7%), from €11,048 to €14,554
- Gross operating margin -€2,031
down €2,031 (-4.1%), from €50,088 to €48,057
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 | €1,229,051 | €1,267,184 | +€38,133 | +3.1% |
| Fixed assets | 21/28 | €124,623 | €122,467 | -€2,156 | -1.7% |
| Tangible fixed assets | 22/27 | €124,623 | €122,467 | -€2,156 | -1.7% |
| Land and buildings | 22 | €124,623 | €120,330 | -€4,293 | -3.4% |
| Plant, machinery and equipment | 23 | - | €2,137 | +€2,137 | |
| Current assets | 29/58 | €1,104,428 | €1,144,717 | +€40,289 | +3.6% |
| Amounts receivable within one year | 40/41 | €14,738 | €14,974 | +€236 | +1.6% |
| Other amounts receivable | 41 | €14,738 | €14,974 | +€236 | +1.6% |
| Current investments | 50/53 | €757,069 | €763,421 | +€6,352 | +0.8% |
| Cash at bank and in hand | 54/58 | €325,860 | €363,985 | +€38,124 | +11.7% |
| Deferred charges and accrued income | 490/1 | €6,761 | €2,338 | -€4,423 | -65.4% |
| Total equity and liabilities | 10/49 | €1,229,051 | €1,267,184 | +€38,133 | +3.1% |
| Equity | 10/15 | €1,188,108 | €1,224,552 | +€36,444 | +3.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,125,066 | €1,161,510 | +€36,444 | +3.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,118,866 | €1,155,310 | +€36,444 | +3.3% |
| Profit (loss) carried forward | 14 | €1,042 | €1,042 | = | 0.0% |
| Amounts payable | 17/49 | €40,943 | €42,632 | +€1,689 | +4.1% |
| Amounts payable after more than one year | 17 | €13,500 | €13,500 | = | 0.0% |
| Other amounts payable | 178/9 | €13,500 | €13,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €27,393 | €29,082 | +€1,689 | +6.2% |
| Trade debts | 44 | €7,014 | €7,235 | +€221 | +3.1% |
| Suppliers | 440/4 | €7,014 | €7,235 | +€221 | +3.1% |
| Taxes, remuneration and social security | 45 | €198 | - | -€198 | |
| Taxes | 450/3 | €198 | - | -€198 | |
| Other amounts payable | 47/48 | €20,181 | €21,847 | +€1,666 | +8.3% |
| Accrued charges and deferred income | 492/3 | €50 | €50 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,533 | €4,945 | -€3,588 | -42.1% |
| Other operating charges | 640/8 | €6,959 | €7,183 | +€224 | +3.2% |
| Gross operating margin | 9900 | €50,088 | €48,057 | -€2,031 | -4.1% |
| Operating profit (loss) | 9901 | €34,596 | €35,930 | +€1,334 | +3.9% |
| Financial income | 75/76B | €11,048 | €14,554 | +€3,506 | +31.7% |
| Recurring financial income | 75 | €11,048 | €14,554 | +€3,506 | +31.7% |
| Financial charges | 65/66B | €39 | €44 | +€5 | +11.5% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €45,606 | €50,441 | +€4,835 | +10.6% |
| Income taxes | 67/77 | €13,512 | €13,996 | +€484 | +3.6% |
| Profit (loss) for the period | 9904 | €32,093 | €36,444 | +€4,351 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,093 | €36,444 | +€4,351 | +13.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.