ROD: 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.
ROD
Largest movements
- Receivables within one year +€10,389
up €10,389 (+12.6%), from €82,555 to €92,944
of which Other amounts receivable: +€21,443
- Tangible fixed assets -€9,979
down €9,979 (-100.0%), from €9,979 to €0
- Cash +€4,557
up €4,557 (+1434.6%), from €318 to €4,874
mainly Investment in fixed assets (net) (+€9,979) and Net result for the year (+€5,594)
- Receivables after one year -€2,492
down €2,492 (-17.0%), from €14,628 to €12,136
- Short-term financial debts -€7,558
down €7,558 (-92.7%), from €8,153 to €594
- Reserves +€5,594
up €5,594 (+7.7%), from €72,888 to €78,482
- Tax, wage and social debts +€4,077
up €4,077 (+31.7%), from €12,863 to €16,940
- Gross operating margin -€27,754
down €27,754 (-77.0%), from €36,044 to €8,290
- Depreciation -€9,153
down €9,153 (-100.0%), from €9,153 to €0
- Taxes -€6,197
down €6,197 (-68.6%), from €9,034 to €2,836
- Financial income +€837
up €837 (+24.9%), from €3,369 to €4,206
- Financial charges -€421
down €421 (-15.7%), from €2,686 to €2,265
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 | €108,890 | €110,347 | +€1,457 | +1.3% |
| Fixed assets | 21/28 | €10,137 | €158 | -€9,979 | -98.4% |
| Tangible fixed assets | 22/27 | €9,979 | €0 | -€9,979 | -100.0% |
| Furniture and vehicles | 24 | €9,979 | €0 | -€9,979 | -100.0% |
| Financial fixed assets | 28 | €158 | €158 | = | 0.0% |
| Current assets | 29/58 | €98,753 | €110,189 | +€11,436 | +11.6% |
| Amounts receivable after more than one year | 29 | €14,628 | €12,136 | -€2,492 | -17.0% |
| Other amounts receivable | 291 | €14,628 | €12,136 | -€2,492 | -17.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €82,555 | €92,944 | +€10,389 | +12.6% |
| Trade receivables | 40 | €11,054 | €0 | -€11,054 | -100.0% |
| Other amounts receivable | 41 | €71,501 | €92,944 | +€21,443 | +30.0% |
| Cash at bank and in hand | 54/58 | €318 | €4,874 | +€4,557 | +1434.6% |
| Deferred charges and accrued income | 490/1 | €1,253 | €235 | -€1,018 | -81.3% |
| Total equity and liabilities | 10/49 | €108,890 | €110,347 | +€1,457 | +1.3% |
| Equity | 10/15 | €85,388 | €90,982 | +€5,594 | +6.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €72,888 | €78,482 | +€5,594 | +7.7% |
| Distributable reserves | 133 | €72,888 | €78,482 | +€5,594 | +7.7% |
| Amounts payable | 17/49 | €23,502 | €19,365 | -€4,137 | -17.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €23,502 | €19,365 | -€4,137 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €8,153 | €594 | -€7,558 | -92.7% |
| Credit institutions | 430/8 | €8,153 | €594 | -€7,558 | -92.7% |
| Trade debts | 44 | €2,486 | €1,831 | -€656 | -26.4% |
| Suppliers | 440/4 | €2,486 | €1,831 | -€656 | -26.4% |
| Taxes, remuneration and social security | 45 | €12,863 | €16,940 | +€4,077 | +31.7% |
| Taxes | 450/3 | €12,863 | €16,940 | +€4,077 | +31.7% |
| Non-recurring operating income | 76A | €2,163 | €17,870 | +€15,707 | +726.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,153 | €0 | -€9,153 | -100.0% |
| Other operating charges | 640/8 | €1,013 | €964 | -€49 | -4.8% |
| Non-recurring operating charges | 66A | - | €837 | +€837 | |
| Gross operating margin | 9900 | €36,044 | €8,290 | -€27,754 | -77.0% |
| Operating profit (loss) | 9901 | €25,878 | €6,489 | -€19,389 | -74.9% |
| Financial income | 75/76B | €3,369 | €4,206 | +€837 | +24.9% |
| Recurring financial income | 75 | €3,369 | €4,206 | +€837 | +24.9% |
| Financial charges | 65/66B | €2,686 | €2,265 | -€421 | -15.7% |
| Recurring financial charges | 65 | €2,686 | €2,265 | -€421 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €26,561 | €8,431 | -€18,131 | -68.3% |
| Income taxes | 67/77 | €9,034 | €2,836 | -€6,197 | -68.6% |
| Profit (loss) for the period | 9904 | €17,528 | €5,594 | -€11,933 | -68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,528 | €5,594 | -€11,933 | -68.1% |
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 3 October 2026 via checked.be.