Rodecco: 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.
Rodecco
Largest movements
- Stocks and contracts +€1.9m
up €1.9m (+548.7%), from €337,545 to €2.2m
- Receivables after one year +€278,305
up €278,305 (+9.1%), from €3.1m to €3.3m
- Deferred charges and accrued income +€129,338
up €129,338 (+56.7%), from €228,117 to €357,455
- Tangible fixed assets -€124,640
down €124,640 (-3.7%), from €3.3m to €3.2m
of which Land and buildings: -€87,232
- Contributions +€1.3m
up €1.3m (+1785.4%), from €75,000 to €1.4m
- Other debts +€731,874
up €731,874 (+2774.8%), from €26,376 to €758,250
- Debts after one year +€141,038
up €141,038 (+2.0%), from €7.0m to €7.1m
- Financial income +€369,078
up €369,078 (+189.9%), from €194,315 to €563,393
of which Non-recurring financial income: +€342,084
- Gross operating margin -€206,149
down €206,149, from €155,491 to -€50,658
- Other operating charges +€50,745
up €50,745 (+791.3%), from €6,413 to €57,157
- Financial charges +€32,566
up €32,566 (+12.3%), from €264,751 to €297,316
- Taxes +€20,987
up €20,987 (+1620.0%), from €1,296 to €22,283
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 | €7,375,100 | €9,522,755 | +€2.1m | +29.1% |
| Fixed assets | 21/28 | €3,476,075 | €3,407,670 | -€68,405 | -2.0% |
| Tangible fixed assets | 22/27 | €3,343,800 | €3,219,160 | -€124,640 | -3.7% |
| Land and buildings | 22 | €3,267,182 | €3,179,949 | -€87,232 | -2.7% |
| Plant, machinery and equipment | 23 | €8,034 | €7,221 | -€814 | -10.1% |
| Furniture and vehicles | 24 | €68,584 | €31,990 | -€36,594 | -53.4% |
| Financial fixed assets | 28 | €132,275 | €188,510 | +€56,235 | +42.5% |
| Current assets | 29/58 | €3,899,026 | €6,115,085 | +€2.2m | +56.8% |
| Amounts receivable after more than one year | 29 | €3,058,090 | €3,336,395 | +€278,305 | +9.1% |
| Other amounts receivable | 291 | €3,058,090 | €3,336,395 | +€278,305 | +9.1% |
| Stocks and contracts in progress | 3 | €337,545 | €2,189,724 | +€1.9m | +548.7% |
| Stocks | 30/36 | €337,545 | €2,189,724 | +€1.9m | +548.7% |
| Amounts receivable within one year | 40/41 | €69,525 | €24,200 | -€45,325 | -65.2% |
| Trade receivables | 40 | €69,525 | €24,200 | -€45,325 | -65.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €197,645 | €197,645 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,103 | €9,666 | +€1,562 | +19.3% |
| Deferred charges and accrued income | 490/1 | €228,117 | €357,455 | +€129,338 | +56.7% |
| Total equity and liabilities | 10/49 | €7,375,100 | €9,522,755 | +€2.1m | +29.1% |
| Equity | 10/15 | €119,144 | €1,467,996 | +€1.3m | +1132.1% |
| Contributions | 10/11 | €75,000 | €1,414,031 | +€1.3m | +1785.4% |
| Reserves | 13 | €59,067 | €59,067 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €59,067 | €59,067 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,923 | -€5,102 | +€9,821 | +65.8% |
| Amounts payable | 17/49 | €7,255,957 | €8,054,758 | +€798,802 | +11.0% |
| Amounts payable after more than one year | 17 | €6,959,488 | €7,100,526 | +€141,038 | +2.0% |
| Financial debts | 170/4 | €6,959,488 | €7,100,526 | +€141,038 | +2.0% |
| Amounts payable within one year | 42/48 | €293,672 | €946,531 | +€652,858 | +222.3% |
| Current portion of amounts payable after more than one year | 42 | €119,176 | €116,046 | -€3,130 | -2.6% |
| Financial debts | 43 | €92,489 | €18,365 | -€74,124 | -80.1% |
| Credit institutions | 430/8 | €92,489 | €18,365 | -€74,124 | -80.1% |
| Trade debts | 44 | €45,000 | €49,587 | +€4,587 | +10.2% |
| Suppliers | 440/4 | €45,000 | €49,587 | +€4,587 | +10.2% |
| Taxes, remuneration and social security | 45 | €10,631 | €4,283 | -€6,349 | -59.7% |
| Taxes | 450/3 | €10,631 | €4,283 | -€6,349 | -59.7% |
| Other amounts payable | 47/48 | €26,376 | €758,250 | +€731,874 | +2774.8% |
| Accrued charges and deferred income | 492/3 | €2,796 | €7,702 | +€4,906 | +175.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,036 | €126,157 | +€9,121 | +7.8% |
| Other operating charges | 640/8 | €6,413 | €57,157 | +€50,745 | +791.3% |
| Gross operating margin | 9900 | €155,491 | -€50,658 | -€206,149 | |
| Operating profit (loss) | 9901 | €32,043 | -€233,973 | -€266,015 | |
| Financial income | 75/76B | €194,315 | €563,393 | +€369,078 | +189.9% |
| Recurring financial income | 75 | €189,491 | €216,485 | +€26,993 | +14.2% |
| Non-recurring financial income | 76B | €4,824 | €346,908 | +€342,084 | +7091.7% |
| Financial charges | 65/66B | €264,751 | €297,316 | +€32,566 | +12.3% |
| Recurring financial charges | 65 | €264,751 | €297,316 | +€32,566 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | -€38,393 | €32,104 | +€70,497 | |
| Income taxes | 67/77 | €1,296 | €22,283 | +€20,987 | +1620.0% |
| Profit (loss) for the period | 9904 | -€39,689 | €9,821 | +€49,510 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,689 | €9,821 | +€49,510 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.