RODE AGAAT: 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.
RODE AGAAT
Largest movements
- Receivables after one year -€11,654
down €11,654 (-65.8%), from €17,700 to €6,046
- Cash +€8,736
up €8,736 (+283%), from €3,086 to €11,822
mainly Receivables after one year (+€11,654) and Net result for the year (+€7,418)
- Receivables within one year -€6,362
down €6,362 (-76.2%), from €8,344 to €1,982
- Stocks and contracts +€2,117
up €2,117 (+46.8%), from €4,522 to €6,639
- Tangible fixed assets -€1,918
down €1,918 (-28.0%), from €6,848 to €4,930
- Trade debts -€17,349
down €17,349 (-84.5%), from €20,540 to €3,191
- Reserves +€7,418
up €7,418 (+101%), from €7,341 to €14,759
- Short-term financial debts +€2,750
new in 2025: €2,750
- Tax, wage and social debts -€2,182
down €2,182 (-18.5%), from €11,776 to €9,595
of which Remuneration and social security: -€2,549
- Staff costs -€3,600
down €3,600 (-39.4%), from €9,134 to €5,534
- Gross operating margin -€3,297
down €3,297 (-13.3%), from €24,841 to €21,544
- Financial charges +€410
up €410 (+39.4%), from €1,040 to €1,450
- Taxes -€337
down €337 (-12.9%), from €2,601 to €2,265
- Other operating charges +€316
up €316 (+10.0%), from €3,165 to €3,481
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 | €46,716 | €37,642 | -€9,074 | -19.4% |
| Fixed assets | 21/28 | €12,548 | €10,630 | -€1,918 | -15.3% |
| Tangible fixed assets | 22/27 | €6,848 | €4,930 | -€1,918 | -28.0% |
| Plant, machinery and equipment | 23 | €2,321 | €1,470 | -€852 | -36.7% |
| Furniture and vehicles | 24 | €888 | €375 | -€513 | -57.8% |
| Other tangible fixed assets | 26 | €3,638 | €3,085 | -€553 | -15.2% |
| Financial fixed assets | 28 | €5,700 | €5,700 | = | 0.0% |
| Current assets | 29/58 | €34,168 | €27,012 | -€7,156 | -20.9% |
| Amounts receivable after more than one year | 29 | €17,700 | €6,046 | -€11,654 | -65.8% |
| Other amounts receivable | 291 | €17,700 | €6,046 | -€11,654 | -65.8% |
| Stocks and contracts in progress | 3 | €4,522 | €6,639 | +€2,117 | +46.8% |
| Stocks | 30/36 | €4,522 | €6,639 | +€2,117 | +46.8% |
| Amounts receivable within one year | 40/41 | €8,344 | €1,982 | -€6,362 | -76.2% |
| Other amounts receivable | 41 | €8,344 | €1,982 | -€6,362 | -76.2% |
| Cash at bank and in hand | 54/58 | €3,086 | €11,822 | +€8,736 | +283% |
| Deferred charges and accrued income | 490/1 | €516 | €523 | +€7 | +1.4% |
| Total equity and liabilities | 10/49 | €46,716 | €37,642 | -€9,074 | -19.4% |
| Equity | 10/15 | €7,699 | €15,118 | +€7,418 | +96.3% |
| Contributions | 10/11 | €358 | €358 | = | 0.0% |
| Reserves | 13 | €7,341 | €14,759 | +€7,418 | +101% |
| Distributable reserves | 133 | €7,341 | €14,759 | +€7,418 | +101% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €39,016 | €22,524 | -€16,492 | -42.3% |
| Amounts payable after more than one year | 17 | €5,700 | €5,700 | = | 0.0% |
| Other amounts payable | 178/9 | €5,700 | €5,700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €32,316 | €15,824 | -€16,492 | -51.0% |
| Financial debts | 43 | - | €2,750 | +€2,750 | |
| Other loans | 439 | - | €2,750 | +€2,750 | |
| Trade debts | 44 | €20,540 | €3,191 | -€17,349 | -84.5% |
| Suppliers | 440/4 | €20,540 | €3,191 | -€17,349 | -84.5% |
| Taxes, remuneration and social security | 45 | €11,776 | €9,595 | -€2,182 | -18.5% |
| Taxes | 450/3 | €9,227 | €9,595 | +€367 | +4.0% |
| Remuneration and social security | 454/9 | €2,549 | €0 | -€2,549 | -100% |
| Other amounts payable | 47/48 | - | €289 | +€289 | |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €9,134 | €5,534 | -€3,600 | -39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,217 | €1,918 | -€299 | -13.5% |
| Other operating charges | 640/8 | €3,165 | €3,481 | +€316 | +10.0% |
| Gross operating margin | 9900 | €24,841 | €21,544 | -€3,297 | -13.3% |
| Operating profit (loss) | 9901 | €10,324 | €10,610 | +€286 | +2.8% |
| Financial income | 75/76B | €516 | €523 | +€7 | +1.3% |
| Recurring financial income | 75 | €516 | €523 | +€7 | +1.3% |
| Financial charges | 65/66B | €1,040 | €1,450 | +€410 | +39.4% |
| Recurring financial charges | 65 | €1,040 | €1,450 | +€410 | +39.4% |
| Profit (loss) for the period before taxes | 9903 | €9,801 | €9,683 | -€118 | -1.2% |
| Income taxes | 67/77 | €2,601 | €2,265 | -€337 | -12.9% |
| Profit (loss) for the period | 9904 | €7,199 | €7,418 | +€219 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,199 | €7,418 | +€219 | +3.0% |
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 22 October 2026 via checked.be.