Roarco: 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.
Roarco
Largest movements
- Stocks and contracts +€315,409
up €315,409 (+78.9%), from €399,856 to €715,265
- Receivables within one year -€223,608
down €223,608 (-19.7%), from €1.1m to €912,634
of which Trade receivables: -€263,575
- Trade debts +€82,043
up €82,043 (+7.2%), from €1.1m to €1.2m
- Tax, wage and social debts -€25,239
down €25,239 (-38.3%), from €65,870 to €40,631
of which Taxes: -€27,239
- Gross operating margin -€77,182
down €77,182 (-76.6%), from €100,800 to €23,618
- Other operating charges -€40,121
down €40,121 (-87.3%), from €45,968 to €5,847
- Taxes -€14,033
down €14,033 (-65.6%), from €21,399 to €7,366
- Financial income -€11,150
down €11,150 (-48.3%), from €23,099 to €11,949
- Financial charges +€5,083
up €5,083 (+1,368%), from €372 to €5,455
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 | €1,622,790 | €1,692,916 | +€70,127 | +4.3% |
| Fixed assets | 21/28 | €21,252 | €14,196 | -€7,056 | -33.2% |
| Tangible fixed assets | 22/27 | €18,652 | €14,196 | -€4,456 | -23.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €18,652 | €14,196 | -€4,456 | -23.9% |
| Financial fixed assets | 28 | €2,600 | €0 | -€2,600 | -100% |
| Current assets | 29/58 | €1,601,538 | €1,678,721 | +€77,183 | +4.8% |
| Stocks and contracts in progress | 3 | €399,856 | €715,265 | +€315,409 | +78.9% |
| Stocks | 30/36 | €399,856 | €715,265 | +€315,409 | +78.9% |
| Amounts receivable within one year | 40/41 | €1,136,242 | €912,634 | -€223,608 | -19.7% |
| Trade receivables | 40 | €792,136 | €528,561 | -€263,575 | -33.3% |
| Other amounts receivable | 41 | €344,105 | €384,073 | +€39,968 | +11.6% |
| Cash at bank and in hand | 54/58 | €65,001 | €50,451 | -€14,550 | -22.4% |
| Deferred charges and accrued income | 490/1 | €439 | €370 | -€69 | -15.7% |
| Total equity and liabilities | 10/49 | €1,622,790 | €1,692,916 | +€70,127 | +4.3% |
| Equity | 10/15 | €418,175 | €430,618 | +€12,443 | +3.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €304,652 | €317,095 | +€12,443 | +4.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €304,652 | €317,095 | +€12,443 | +4.1% |
| Profit (loss) carried forward | 14 | €101,123 | €101,123 | = | 0.0% |
| Amounts payable | 17/49 | €1,204,615 | €1,262,299 | +€57,684 | +4.8% |
| Amounts payable within one year | 42/48 | €1,204,615 | €1,262,299 | +€57,684 | +4.8% |
| Financial debts | 43 | €6,809 | €7,689 | +€880 | +12.9% |
| Credit institutions | 430/8 | €6,809 | €7,689 | +€880 | +12.9% |
| Trade debts | 44 | €1,131,935 | €1,213,979 | +€82,043 | +7.2% |
| Suppliers | 440/4 | €1,131,935 | €1,213,979 | +€82,043 | +7.2% |
| Taxes, remuneration and social security | 45 | €65,870 | €40,631 | -€25,239 | -38.3% |
| Taxes | 450/3 | €65,870 | €38,631 | -€27,239 | -41.4% |
| Remuneration and social security | 454/9 | €0 | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,686 | €4,456 | -€230 | -4.9% |
| Other operating charges | 640/8 | €45,968 | €5,847 | -€40,121 | -87.3% |
| Gross operating margin | 9900 | €100,800 | €23,618 | -€77,182 | -76.6% |
| Operating profit (loss) | 9901 | €50,146 | €13,315 | -€36,831 | -73.4% |
| Financial income | 75/76B | €23,099 | €11,949 | -€11,150 | -48.3% |
| Recurring financial income | 75 | €23,099 | €11,949 | -€11,150 | -48.3% |
| Financial charges | 65/66B | €372 | €5,455 | +€5,083 | +1,368% |
| Recurring financial charges | 65 | €372 | €5,455 | +€5,083 | +1,368% |
| Profit (loss) for the period before taxes | 9903 | €72,873 | €19,809 | -€53,064 | -72.8% |
| Income taxes | 67/77 | €21,399 | €7,366 | -€14,033 | -65.6% |
| Profit (loss) for the period | 9904 | €51,474 | €12,443 | -€39,031 | -75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,474 | €12,443 | -€39,031 | -75.8% |
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 13 October 2026 via checked.be.