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
- Receivables within one year +€197,429
up €197,429 (+7203.8%), from €2,741 to €200,170
of which Other amounts receivable: +€198,114
- Cash +€36,912
up €36,912 (+16.3%), from €227,104 to €264,016
mainly Net result for the year (+€239,743) and Tax, wage and social debts (+€20,345)
- Tangible fixed assets +€20,664
up €20,664 (+5887.7%), from €351 to €21,015
of which Furniture and vehicles: +€20,416
- Reserves +€239,743
new in 2025: €239,743
- Tax, wage and social debts +€20,345
up €20,345 (+126.7%), from €16,059 to €36,404
- Gross operating margin +€56,309
up €56,309 (+21.9%), from €257,167 to €313,476
- Taxes +€14,380
up €14,380 (+24.3%), from €59,211 to €73,590
- Financial income +€4,654
up €4,654 (+144074.9%), from €3 to €4,657
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 | €230,196 | €485,889 | +€255,693 | +111.1% |
| Fixed assets | 21/28 | €351 | €21,015 | +€20,664 | +5887.7% |
| Tangible fixed assets | 22/27 | €351 | €21,015 | +€20,664 | +5887.7% |
| Plant, machinery and equipment | 23 | - | €247 | +€247 | |
| Furniture and vehicles | 24 | €351 | €20,767 | +€20,416 | +5817.3% |
| Current assets | 29/58 | €229,845 | €464,875 | +€235,030 | +102.3% |
| Amounts receivable within one year | 40/41 | €2,741 | €200,170 | +€197,429 | +7203.8% |
| Trade receivables | 40 | €2,741 | €2,055 | -€685 | -25.0% |
| Other amounts receivable | 41 | - | €198,114 | +€198,114 | |
| Cash at bank and in hand | 54/58 | €227,104 | €264,016 | +€36,912 | +16.3% |
| Deferred charges and accrued income | 490/1 | - | €689 | +€689 | |
| Total equity and liabilities | 10/49 | €230,196 | €485,889 | +€255,693 | +111.1% |
| Equity | 10/15 | €204,301 | €444,045 | +€239,743 | +117.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €239,743 | +€239,743 | |
| Distributable reserves | 133 | - | €239,743 | +€239,743 | |
| Profit (loss) carried forward | 14 | €201,801 | €201,801 | = | 0.0% |
| Amounts payable | 17/49 | €25,894 | €41,844 | +€15,950 | +61.6% |
| Amounts payable within one year | 42/48 | €17,794 | €36,404 | +€18,609 | +104.6% |
| Taxes, remuneration and social security | 45 | €16,059 | €36,404 | +€20,345 | +126.7% |
| Taxes | 450/3 | €16,059 | €36,404 | +€20,345 | +126.7% |
| Other amounts payable | 47/48 | €1,736 | - | -€1,736 | |
| Accrued charges and deferred income | 492/3 | €8,100 | €5,441 | -€2,659 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54 | €2,751 | +€2,697 | +4996.2% |
| Other operating charges | 640/8 | €999 | €1,909 | +€909 | +91.0% |
| Gross operating margin | 9900 | €257,167 | €313,476 | +€56,309 | +21.9% |
| Operating profit (loss) | 9901 | €256,114 | €308,816 | +€52,702 | +20.6% |
| Financial income | 75/76B | €3 | €4,657 | +€4,654 | +144074.9% |
| Recurring financial income | 75 | €3 | €4,657 | +€4,654 | +144074.9% |
| Financial charges | 65/66B | €69 | €139 | +€70 | +101.6% |
| Recurring financial charges | 65 | €69 | €139 | +€70 | +101.6% |
| Profit (loss) for the period before taxes | 9903 | €256,048 | €313,334 | +€57,285 | +22.4% |
| Income taxes | 67/77 | €59,211 | €73,590 | +€14,380 | +24.3% |
| Profit (loss) for the period | 9904 | €196,838 | €239,743 | +€42,906 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €196,838 | €239,743 | +€42,906 | +21.8% |
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 29 September 2026 via checked.be.