RODEA: 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.
RODEA
Largest movements
- Cash +€397,483
up €397,483 (+210.8%), from €188,519 to €586,002
mainly Net result for the year (+€249,580) and Tax, wage and social debts (+€174,700)
- Deferred charges and accrued income +€82,083
up €82,083 (+549.3%), from €14,944 to €97,027
- Tangible fixed assets -€55,737
down €55,737 (-8.1%), from €686,210 to €630,473
of which Land and buildings: -€59,704
- Receivables within one year -€43,489
down €43,489 (-7.7%), from €568,115 to €524,626
of which Trade receivables: -€57,011
- Profit (loss) carried forward +€249,580
up €249,580 (+11.4%), from €2.2m to €2.4m
- Tax, wage and social debts +€174,700
up €174,700 (+47.7%), from €365,936 to €540,636
of which Remuneration and social security: +€193,002
- Gross operating margin +€368,015
up €368,015 (+10.7%), from €3.4m to €3.8m
- Staff costs +€198,252
up €198,252 (+6.2%), from €3.2m to €3.4m
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 | €3,465,757 | €3,858,814 | +€393,057 | +11.3% |
| Fixed assets | 21/28 | €937,705 | €881,968 | -€55,737 | -5.9% |
| Tangible fixed assets | 22/27 | €686,210 | €630,473 | -€55,737 | -8.1% |
| Land and buildings | 22 | €536,931 | €477,226 | -€59,704 | -11.1% |
| Plant, machinery and equipment | 23 | €113,634 | €109,623 | -€4,011 | -3.5% |
| Furniture and vehicles | 24 | €35,646 | €43,624 | +€7,978 | +22.4% |
| Financial fixed assets | 28 | €251,495 | €251,495 | = | 0.0% |
| Current assets | 29/58 | €2,528,052 | €2,976,846 | +€448,794 | +17.8% |
| Stocks and contracts in progress | 3 | €36,642 | €40,370 | +€3,728 | +10.2% |
| Stocks | 30/36 | €36,642 | €40,107 | +€3,464 | +9.5% |
| Contracts in progress | 37 | - | €263 | +€263 | |
| Amounts receivable within one year | 40/41 | €568,115 | €524,626 | -€43,489 | -7.7% |
| Trade receivables | 40 | €437,233 | €380,222 | -€57,011 | -13.0% |
| Other amounts receivable | 41 | €130,882 | €144,404 | +€13,522 | +10.3% |
| Current investments | 50/53 | €1,719,832 | €1,728,821 | +€8,989 | +0.5% |
| Cash at bank and in hand | 54/58 | €188,519 | €586,002 | +€397,483 | +210.8% |
| Deferred charges and accrued income | 490/1 | €14,944 | €97,027 | +€82,083 | +549.3% |
| Total equity and liabilities | 10/49 | €3,465,757 | €3,858,814 | +€393,057 | +11.3% |
| Equity | 10/15 | €3,015,021 | €3,237,094 | +€222,073 | +7.4% |
| Contributions | 10/11 | €144,021 | €144,021 | = | 0.0% |
| Capital | 10 | €144,021 | €144,021 | = | 0.0% |
| Reserves | 13 | €391,857 | €391,857 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,187,335 | €2,436,915 | +€249,580 | +11.4% |
| Investment grants | 15 | €291,807 | €264,300 | -€27,507 | -9.4% |
| Amounts payable | 17/49 | €450,737 | €621,720 | +€170,983 | +37.9% |
| Amounts payable within one year | 42/48 | €450,737 | €617,866 | +€167,129 | +37.1% |
| Trade debts | 44 | €84,801 | €77,230 | -€7,571 | -8.9% |
| Suppliers | 440/4 | €84,801 | €77,230 | -€7,571 | -8.9% |
| Taxes, remuneration and social security | 45 | €365,936 | €540,636 | +€174,700 | +47.7% |
| Taxes | 450/3 | €26,369 | €8,067 | -€18,302 | -69.4% |
| Remuneration and social security | 454/9 | €339,566 | €532,569 | +€193,002 | +56.8% |
| Accrued charges and deferred income | 492/3 | - | €3,855 | +€3,855 | |
| Non-recurring operating income | 76A | €23,364 | €56,426 | +€33,062 | +141.5% |
| Remuneration, social security and pensions | 62 | €3,222,160 | €3,420,413 | +€198,252 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,805 | €128,732 | +€1,927 | +1.5% |
| Other operating charges | 640/8 | €6,953 | €6,288 | -€665 | -9.6% |
| Non-recurring operating charges | 66A | €2,201 | €6,479 | +€4,278 | +194.3% |
| Gross operating margin | 9900 | €3,437,642 | €3,805,657 | +€368,015 | +10.7% |
| Operating profit (loss) | 9901 | €79,523 | €243,746 | +€164,223 | +206.5% |
| Financial income | 75/76B | €26,198 | €9,250 | -€16,949 | -64.7% |
| Recurring financial income | 75 | €26,198 | €9,250 | -€16,949 | -64.7% |
| Financial charges | 65/66B | €12,619 | €3,416 | -€9,203 | -72.9% |
| Recurring financial charges | 65 | €3,292 | €3,416 | +€124 | +3.8% |
| Non-recurring financial charges | 66B | €9,327 | €0 | -€9,327 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €93,103 | €249,580 | +€156,478 | +168.1% |
| Profit (loss) for the period | 9904 | €93,103 | €249,580 | +€156,478 | +168.1% |
| Profit (loss) for the period to be appropriated | 9905 | €93,103 | €249,580 | +€156,478 | +168.1% |
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 7 October 2026 via checked.be.