ROARTIS: 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.
ROARTIS
Largest movements
- Cash +€218,459
up €218,459 (+74.1%), from €294,637 to €513,096
mainly Net result for the year (+€317,366) and Depreciation (+€224,243)
- Receivables within one year +€141,827
up €141,827 (+152.3%), from €93,109 to €234,936
of which Trade receivables: +€143,551
- Stocks and contracts +€69,993
up €69,993 (+39.2%), from €178,712 to €248,705
- Tangible fixed assets -€52,781
down €52,781 (-4.0%), from €1.3m to €1.3m
of which Land and buildings: -€45,480
- Intangible fixed assets -€33,902
down €33,902 (-39.8%), from €85,077 to €51,175
- Reserves +€288,393
up €288,393 (+26.2%), from €1.1m to €1.4m
of which Distributable reserves: +€288,393
- Tax, wage and social debts +€71,088
up €71,088 (+253.6%), from €28,035 to €99,123
of which Taxes: +€43,305
- Debts after one year -€67,944
down €67,944 (-10.2%), from €664,185 to €596,241
- Trade debts +€50,331
up €50,331 (+66.1%), from €76,195 to €126,526
- Gross operating margin +€588,644
up €588,644 (+108.5%), from €542,652 to €1.1m
- Staff costs +€122,296
up €122,296 (+39.2%), from €312,037 to €434,333
- Taxes +€114,701
up €114,701 (+10092.5%), from €1,136 to €115,837
- Depreciation +€33,782
up €33,782 (+17.7%), from €190,461 to €224,243
- Financial charges +€13,903
up €13,903 (+51.5%), from €27,023 to €40,926
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 | €1,988,515 | €2,332,864 | +€344,348 | +17.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,414,968 | €1,328,285 | -€86,683 | -6.1% |
| Intangible fixed assets | 21 | €85,077 | €51,175 | -€33,902 | -39.8% |
| Tangible fixed assets | 22/27 | €1,329,891 | €1,277,110 | -€52,781 | -4.0% |
| Land and buildings | 22 | €1,028,650 | €983,170 | -€45,480 | -4.4% |
| Plant, machinery and equipment | 23 | €282,523 | €279,996 | -€2,527 | -0.9% |
| Furniture and vehicles | 24 | €18,718 | €13,944 | -€4,774 | -25.5% |
| Current assets | 29/58 | €573,547 | €1,004,579 | +€431,032 | +75.2% |
| Amounts receivable after more than one year | 29 | €4,667 | €4,667 | = | 0.0% |
| Trade receivables | 290 | €4,667 | €4,667 | = | 0.0% |
| Stocks and contracts in progress | 3 | €178,712 | €248,705 | +€69,993 | +39.2% |
| Stocks | 30/36 | €178,712 | €248,705 | +€69,993 | +39.2% |
| Amounts receivable within one year | 40/41 | €93,109 | €234,936 | +€141,827 | +152.3% |
| Trade receivables | 40 | €85,711 | €229,262 | +€143,551 | +167.5% |
| Other amounts receivable | 41 | €7,398 | €5,674 | -€1,724 | -23.3% |
| Cash at bank and in hand | 54/58 | €294,637 | €513,096 | +€218,459 | +74.1% |
| Deferred charges and accrued income | 490/1 | €2,422 | €3,175 | +€753 | +31.1% |
| Total equity and liabilities | 10/49 | €1,988,515 | €2,332,864 | +€344,348 | +17.3% |
| Equity | 10/15 | €1,114,935 | €1,403,353 | +€288,418 | +25.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,101,329 | €1,389,722 | +€288,393 | +26.2% |
| Tax-exempt reserves | 132 | €622 | €622 | = | 0.0% |
| Distributable reserves | 133 | €1,100,707 | €1,389,100 | +€288,393 | +26.2% |
| Profit (loss) carried forward | 14 | €1,106 | €1,132 | +€26 | +2.3% |
| Amounts payable | 17/49 | €873,580 | €929,510 | +€55,930 | +6.4% |
| Amounts payable after more than one year | 17 | €664,185 | €596,241 | -€67,944 | -10.2% |
| Financial debts | 170/4 | €664,185 | €596,241 | -€67,944 | -10.2% |
| Amounts payable within one year | 42/48 | €209,395 | €333,269 | +€123,874 | +59.2% |
| Current portion of amounts payable after more than one year | 42 | €66,443 | €67,944 | +€1,500 | +2.3% |
| Trade debts | 44 | €76,195 | €126,526 | +€50,331 | +66.1% |
| Suppliers | 440/4 | €76,195 | €126,526 | +€50,331 | +66.1% |
| Taxes, remuneration and social security | 45 | €28,035 | €99,123 | +€71,088 | +253.6% |
| Taxes | 450/3 | €4,236 | €47,541 | +€43,305 | +1022.3% |
| Remuneration and social security | 454/9 | €23,799 | €51,581 | +€27,783 | +116.7% |
| Other amounts payable | 47/48 | €38,722 | €39,677 | +€955 | +2.5% |
| Non-recurring operating income | 76A | €90,700 | - | -€90,700 | |
| Remuneration, social security and pensions | 62 | €312,037 | €434,333 | +€122,296 | +39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190,461 | €224,243 | +€33,782 | +17.7% |
| Other operating charges | 640/8 | €7,885 | €9,244 | +€1,359 | +17.2% |
| Gross operating margin | 9900 | €542,652 | €1,131,296 | +€588,644 | +108.5% |
| Operating profit (loss) | 9901 | €32,270 | €463,476 | +€431,207 | +1336.3% |
| Financial income | 75/76B | €4,853 | €10,653 | +€5,800 | +119.5% |
| Recurring financial income | 75 | €4,853 | €10,653 | +€5,800 | +119.5% |
| Financial charges | 65/66B | €27,023 | €40,926 | +€13,903 | +51.5% |
| Recurring financial charges | 65 | €27,023 | €40,926 | +€13,903 | +51.5% |
| Profit (loss) for the period before taxes | 9903 | €10,100 | €433,203 | +€423,103 | +4189.1% |
| Income taxes | 67/77 | €1,136 | €115,837 | +€114,701 | +10092.5% |
| Profit (loss) for the period | 9904 | €8,964 | €317,366 | +€308,402 | +3440.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,964 | €317,366 | +€308,402 | +3440.6% |
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 1 October 2026 via checked.be.