Rod Formation: 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 Formation
Largest movements
- Cash +€51,013
up €51,013 (+494.0%), from €10,326 to €61,339
mainly Net result for the year (+€48,149) and Debts after one year (+€25,000)
- Receivables within one year -€13,662
down €13,662 (-19.4%), from €70,321 to €56,659
- Tangible fixed assets -€8,250
down €8,250 (-25.1%), from €32,902 to €24,652
- Contributions -€75,863
no longer reported in 2025 (was €75,863)
- Reserves +€50,863
new in 2025: €50,863
- Profit (loss) carried forward +€48,149
up €48,149 (+359.9%), from €13,377 to €61,526
- Debts after one year +€25,000
new in 2025: €25,000
- Debts within one year -€19,048
down €19,048 (-78.4%), from €24,309 to €5,261
- Staff costs +€66,396
new in 2025: €66,396
- Turnover +€65,048
up €65,048 (+16.9%), from €384,664 to €449,712
- Gross operating margin +€65,037
up €65,037 (+101.3%), from €64,178 to €129,215
- Purchases and services -€15,989
down €15,989 (-4.8%), from €336,486 to €320,497
- Taxes +€6,108
new in 2025: €6,108
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 | €113,549 | €142,650 | +€29,101 | +25.6% |
| Fixed assets | 21/28 | €32,902 | €24,652 | -€8,250 | -25.1% |
| Tangible fixed assets | 22/27 | €32,902 | €24,652 | -€8,250 | -25.1% |
| Furniture and vehicles | 24 | €32,902 | €24,652 | -€8,250 | -25.1% |
| Current assets | 29/58 | €80,647 | €117,998 | +€37,351 | +46.3% |
| Amounts receivable within one year | 40/41 | €70,321 | €56,659 | -€13,662 | -19.4% |
| Trade receivables | 40 | €70,321 | €56,659 | -€13,662 | -19.4% |
| Cash at bank and in hand | 54/58 | €10,326 | €61,339 | +€51,013 | +494.0% |
| Total equity and liabilities | 10/49 | €113,549 | €142,650 | +€29,101 | +25.6% |
| Equity | 10/15 | €89,240 | €112,389 | +€23,149 | +25.9% |
| Contributions | 10/11 | €75,863 | - | -€75,863 | |
| Capital | 10 | €75,863 | - | -€75,863 | |
| Reserves | 13 | - | €50,863 | +€50,863 | |
| Profit (loss) carried forward | 14 | €13,377 | €61,526 | +€48,149 | +359.9% |
| Amounts payable | 17/49 | €24,309 | €30,261 | +€5,952 | +24.5% |
| Amounts payable after more than one year | 17 | - | €25,000 | +€25,000 | |
| Financial debts | 170/4 | - | €25,000 | +€25,000 | |
| Amounts payable within one year | 42/48 | €24,309 | €5,261 | -€19,048 | -78.4% |
| Trade debts | 44 | €4,309 | €5,261 | +€952 | +22.1% |
| Suppliers | 440/4 | €4,309 | €5,261 | +€952 | +22.1% |
| Turnover | 70 | €384,664 | €449,712 | +€65,048 | +16.9% |
| Non-recurring operating income | 76A | €16,000 | - | -€16,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €336,486 | €320,497 | -€15,989 | -4.8% |
| Remuneration, social security and pensions | 62 | - | €66,396 | +€66,396 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,250 | €8,250 | = | 0.0% |
| Other operating charges | 640/8 | €2,143 | €243 | -€1,900 | -88.7% |
| Non-recurring operating charges | 66A | €26 | - | -€26 | |
| Gross operating margin | 9900 | €64,178 | €129,215 | +€65,037 | +101.3% |
| Operating profit (loss) | 9901 | €53,759 | €54,326 | +€567 | +1.1% |
| Financial charges | 65/66B | €69 | €69 | = | 0.0% |
| Recurring financial charges | 65 | €69 | €69 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €53,690 | €54,257 | +€567 | +1.1% |
| Income taxes | 67/77 | - | €6,108 | +€6,108 | |
| Profit (loss) for the period | 9904 | €53,690 | €48,149 | -€5,541 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,690 | €48,149 | -€5,541 | -10.3% |
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 30 September 2026 via checked.be.