RODACO: 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.
RODACO
Largest movements
- Tangible fixed assets +€207,002
up €207,002 (+74.5%), from €277,683 to €484,685
of which Furniture and vehicles: +€185,595
- Receivables within one year +€59,766
up €59,766 (+206%), from €29,078 to €88,844
of which Trade receivables: +€50,442
- Cash -€59,239
down €59,239 (-71.8%), from €82,472 to €23,233
mainly Investment in fixed assets (net) (-€344,150) and Receivables within one year (-€59,766)
- Stocks and contracts +€22,300
up €22,300 (+79.6%), from €28,000 to €50,300
- Trade debts +€117,221
up €117,221 (+303%), from €38,647 to €155,869
- Other debts +€62,529
up €62,529 (+68.2%), from €91,642 to €154,171
- Reserves +€30,723
up €30,723 (+137%), from €22,454 to €53,177
- Current portion of long-term debt +€15,668
up €15,668 (+20.1%), from €77,820 to €93,488
- Tax, wage and social debts +€8,736
up €8,736 (+115%), from €7,590 to €16,327
of which Remuneration and social security: +€4,869
- Gross operating margin +€49,150
up €49,150 (+29.7%), from €165,430 to €214,579
- Staff costs +€21,643
new in 2025: €21,643
- Depreciation +€6,218
up €6,218 (+4.7%), from €130,930 to €137,148
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 | €417,233 | €647,239 | +€230,006 | +55.1% |
| Fixed assets | 21/28 | €277,683 | €484,685 | +€207,002 | +74.5% |
| Tangible fixed assets | 22/27 | €277,683 | €484,685 | +€207,002 | +74.5% |
| Plant, machinery and equipment | 23 | €64,458 | €85,864 | +€21,407 | +33.2% |
| Furniture and vehicles | 24 | €213,225 | €398,821 | +€185,595 | +87.0% |
| Current assets | 29/58 | €139,550 | €162,554 | +€23,004 | +16.5% |
| Stocks and contracts in progress | 3 | €28,000 | €50,300 | +€22,300 | +79.6% |
| Stocks | 30/36 | €28,000 | €50,300 | +€22,300 | +79.6% |
| Amounts receivable within one year | 40/41 | €29,078 | €88,844 | +€59,766 | +206% |
| Trade receivables | 40 | €24,896 | €75,338 | +€50,442 | +203% |
| Other amounts receivable | 41 | €4,182 | €13,505 | +€9,324 | +223% |
| Cash at bank and in hand | 54/58 | €82,472 | €23,233 | -€59,239 | -71.8% |
| Deferred charges and accrued income | 490/1 | - | €177 | +€177 | |
| Total equity and liabilities | 10/49 | €417,233 | €647,239 | +€230,006 | +55.1% |
| Equity | 10/15 | €62,454 | €93,177 | +€30,723 | +49.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €22,454 | €53,177 | +€30,723 | +137% |
| Distributable reserves | 133 | €22,454 | €53,177 | +€30,723 | +137% |
| Amounts payable | 17/49 | €354,779 | €554,062 | +€199,283 | +56.2% |
| Amounts payable after more than one year | 17 | €139,079 | €134,207 | -€4,872 | -3.5% |
| Financial debts | 170/4 | €139,079 | €134,207 | -€4,872 | -3.5% |
| Amounts payable within one year | 42/48 | €215,700 | €419,854 | +€204,154 | +94.6% |
| Current portion of amounts payable after more than one year | 42 | €77,820 | €93,488 | +€15,668 | +20.1% |
| Trade debts | 44 | €38,647 | €155,869 | +€117,221 | +303% |
| Suppliers | 440/4 | €38,647 | €155,869 | +€117,221 | +303% |
| Taxes, remuneration and social security | 45 | €7,590 | €16,327 | +€8,736 | +115% |
| Taxes | 450/3 | €7,590 | €11,457 | +€3,867 | +50.9% |
| Remuneration and social security | 454/9 | - | €4,869 | +€4,869 | |
| Other amounts payable | 47/48 | €91,642 | €154,171 | +€62,529 | +68.2% |
| Remuneration, social security and pensions | 62 | - | €21,643 | +€21,643 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,930 | €137,148 | +€6,218 | +4.7% |
| Other operating charges | 640/8 | €1,384 | €639 | -€745 | -53.8% |
| Non-recurring operating charges | 66A | - | €8,550 | +€8,550 | |
| Gross operating margin | 9900 | €165,430 | €214,579 | +€49,150 | +29.7% |
| Operating profit (loss) | 9901 | €33,115 | €46,598 | +€13,483 | +40.7% |
| Financial charges | 65/66B | €7,966 | €7,254 | -€712 | -8.9% |
| Recurring financial charges | 65 | €7,966 | €7,254 | -€712 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €25,149 | €39,344 | +€14,195 | +56.4% |
| Income taxes | 67/77 | €6,836 | €8,621 | +€1,785 | +26.1% |
| Profit (loss) for the period | 9904 | €18,313 | €30,723 | +€12,411 | +67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,313 | €30,723 | +€12,411 | +67.8% |
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.