RODANEX: 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.
RODANEX
Largest movements
- Cash -€2.0m
down €2.0m (-76.4%), from €2.7m to €632,822
mainly Current investments (-€1.2m) and Investment in fixed assets (net) (-€906,852)
- Current investments +€1.2m
up €1.2m (+18.5%), from €6.4m to €7.6m
- Tangible fixed assets +€653,636
up €653,636 (+14.5%), from €4.5m to €5.2m
of which Land and buildings: +€664,731
- Receivables within one year +€554,526
up €554,526 (+1,204%), from €46,075 to €600,601
- Profit (loss) carried forward +€395,150
up €395,150 (+5.4%), from €7.4m to €7.8m
- Financial income +€326,725
up €326,725 (+71.8%), from €454,902 to €781,628
of which Non-recurring financial income: +€225,428
- Depreciation +€102,542
up €102,542 (+68.1%), from €150,674 to €253,216
- Taxes +€46,014
new in 2025: €46,014
- Financial charges -€20,767
down €20,767 (-15.1%), from €137,759 to €116,991
of which Non-recurring financial charges: -€28,441
- Other operating charges +€1,742
up €1,742 (+8.0%), from €21,707 to €23,449
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 | €13,656,307 | €14,003,807 | +€347,500 | +2.5% |
| Fixed assets | 21/28 | €4,507,448 | €5,161,083 | +€653,636 | +14.5% |
| Tangible fixed assets | 22/27 | €4,507,380 | €5,161,016 | +€653,636 | +14.5% |
| Land and buildings | 22 | €4,473,589 | €5,138,320 | +€664,731 | +14.9% |
| Furniture and vehicles | 24 | €33,791 | €22,696 | -€11,095 | -32.8% |
| Financial fixed assets | 28 | €68 | €68 | = | 0.0% |
| Current assets | 29/58 | €9,148,859 | €8,842,723 | -€306,136 | -3.3% |
| Amounts receivable within one year | 40/41 | €46,075 | €600,601 | +€554,526 | +1,204% |
| Other amounts receivable | 41 | €46,075 | €600,601 | +€554,526 | +1,204% |
| Current investments | 50/53 | €6,421,508 | €7,606,556 | +€1.2m | +18.5% |
| Cash at bank and in hand | 54/58 | €2,676,920 | €632,822 | -€2.0m | -76.4% |
| Deferred charges and accrued income | 490/1 | €4,357 | €2,745 | -€1,612 | -37.0% |
| Total equity and liabilities | 10/49 | €13,656,307 | €14,003,807 | +€347,500 | +2.5% |
| Equity | 10/15 | €7,426,684 | €7,821,834 | +€395,150 | +5.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,358,513 | €7,753,663 | +€395,150 | +5.4% |
| Amounts payable | 17/49 | €6,229,623 | €6,181,973 | -€47,650 | -0.8% |
| Amounts payable within one year | 42/48 | €6,227,542 | €6,179,902 | -€47,640 | -0.8% |
| Trade debts | 44 | €253 | €177 | -€76 | -30.0% |
| Suppliers | 440/4 | €253 | €177 | -€76 | -30.0% |
| Other amounts payable | 47/48 | €6,227,289 | €6,179,725 | -€47,564 | -0.8% |
| Accrued charges and deferred income | 492/3 | €2,081 | €2,070 | -€10 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,674 | €253,216 | +€102,542 | +68.1% |
| Other operating charges | 640/8 | €21,707 | €23,449 | +€1,742 | +8.0% |
| Non-recurring operating charges | 66A | €63 | €243 | +€180 | +285% |
| Gross operating margin | 9900 | €52,036 | €53,435 | +€1,399 | +2.7% |
| Operating profit (loss) | 9901 | -€120,408 | -€223,472 | -€103,064 | -85.6% |
| Financial income | 75/76B | €454,902 | €781,628 | +€326,725 | +71.8% |
| Recurring financial income | 75 | €199,355 | €300,653 | +€101,298 | +50.8% |
| Non-recurring financial income | 76B | €255,547 | €480,974 | +€225,428 | +88.2% |
| Financial charges | 65/66B | €137,759 | €116,991 | -€20,767 | -15.1% |
| Recurring financial charges | 65 | €27,833 | €35,507 | +€7,674 | +27.6% |
| Non-recurring financial charges | 66B | €109,926 | €81,485 | -€28,441 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €196,736 | €441,164 | +€244,428 | +124% |
| Income taxes | 67/77 | - | €46,014 | +€46,014 | |
| Profit (loss) for the period | 9904 | €196,736 | €395,150 | +€198,414 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €196,736 | €395,150 | +€198,414 | +101% |
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.