RODE MAGNOLIA: 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 MAGNOLIA
Largest movements
- Current investments +€259,005
up €259,005 (+173%), from €150,000 to €409,005
- Cash -€94,862
down €94,862 (-78.7%), from €120,577 to €25,715
mainly Current investments (-€259,005) and Debts after one year (-€66,810)
- Tangible fixed assets -€25,461
down €25,461 (-5.7%), from €447,977 to €422,515
of which Land and buildings: -€20,569
- Reserves +€222,787
up €222,787 (+38.2%), from €582,999 to €805,786
- Debts after one year -€66,810
down €66,810 (-14.2%), from €469,707 to €402,897
of which Financial debts: -€66,810
- Profit (loss) carried forward -€60,000
down €60,000 (-18.0%), from €333,742 to €273,742
- Other debts +€26,351
up €26,351 (+67.4%), from €39,073 to €65,423
- Financial income +€16,748
up €16,748 (+11.0%), from €151,982 to €168,729
- Gross operating margin -€2,877
down €2,877 (-2.0%), from €141,595 to €138,718
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 | €1,626,224 | €1,758,950 | +€132,725 | +8.2% |
| Fixed assets | 21/28 | €1,347,977 | €1,322,580 | -€25,396 | -1.9% |
| Tangible fixed assets | 22/27 | €447,977 | €422,515 | -€25,461 | -5.7% |
| Land and buildings | 22 | €438,747 | €418,178 | -€20,569 | -4.7% |
| Furniture and vehicles | 24 | €9,230 | €4,337 | -€4,893 | -53.0% |
| Financial fixed assets | 28 | €900,000 | €900,065 | +€65 | 0.0% |
| Current assets | 29/58 | €278,248 | €436,370 | +€158,122 | +56.8% |
| Amounts receivable within one year | 40/41 | €6,665 | €1,105 | -€5,560 | -83.4% |
| Trade receivables | 40 | €6,655 | €1,078 | -€5,577 | -83.8% |
| Other amounts receivable | 41 | €10 | €27 | +€17 | +171% |
| Current investments | 50/53 | €150,000 | €409,005 | +€259,005 | +173% |
| Cash at bank and in hand | 54/58 | €120,577 | €25,715 | -€94,862 | -78.7% |
| Deferred charges and accrued income | 490/1 | €1,006 | €544 | -€461 | -45.9% |
| Total equity and liabilities | 10/49 | €1,626,224 | €1,758,950 | +€132,725 | +8.2% |
| Equity | 10/15 | €1,016,742 | €1,179,529 | +€162,787 | +16.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €582,999 | €805,786 | +€222,787 | +38.2% |
| Distributable reserves | 133 | €582,999 | €805,786 | +€222,787 | +38.2% |
| Profit (loss) carried forward | 14 | €333,742 | €273,742 | -€60,000 | -18.0% |
| Amounts payable | 17/49 | €609,483 | €579,421 | -€30,062 | -4.9% |
| Amounts payable after more than one year | 17 | €469,707 | €402,897 | -€66,810 | -14.2% |
| Financial debts | 170/4 | €369,707 | €302,897 | -€66,810 | -18.1% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €134,249 | €169,926 | +€35,677 | +26.6% |
| Current portion of amounts payable after more than one year | 42 | €66,345 | €66,809 | +€464 | +0.7% |
| Trade debts | 44 | €1,148 | €1,717 | +€570 | +49.6% |
| Suppliers | 440/4 | €1,148 | €1,717 | +€570 | +49.6% |
| Taxes, remuneration and social security | 45 | €27,683 | €35,976 | +€8,293 | +30.0% |
| Taxes | 450/3 | €27,683 | €35,976 | +€8,293 | +30.0% |
| Other amounts payable | 47/48 | €39,073 | €65,423 | +€26,351 | +67.4% |
| Accrued charges and deferred income | 492/3 | €5,527 | €6,598 | +€1,071 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,534 | €25,461 | -€73 | -0.3% |
| Other operating charges | 640/8 | €4,264 | €4,371 | +€107 | +2.5% |
| Gross operating margin | 9900 | €141,595 | €138,718 | -€2,877 | -2.0% |
| Operating profit (loss) | 9901 | €111,797 | €108,886 | -€2,911 | -2.6% |
| Financial income | 75/76B | €151,982 | €168,729 | +€16,748 | +11.0% |
| Recurring financial income | 75 | €151,982 | €168,729 | +€16,748 | +11.0% |
| Financial charges | 65/66B | €12,230 | €11,382 | -€849 | -6.9% |
| Recurring financial charges | 65 | €12,230 | €11,382 | -€849 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €251,548 | €266,233 | +€14,685 | +5.8% |
| Income taxes | 67/77 | €42,185 | €43,446 | +€1,261 | +3.0% |
| Profit (loss) for the period | 9904 | €209,363 | €222,787 | +€13,424 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €209,363 | €222,787 | +€13,424 | +6.4% |
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 24 October 2026 via checked.be.