RODECO: 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.
RODECO
Largest movements
- Cash +€10,440
up €10,440 (+12.0%), from €87,206 to €97,646
mainly Depreciation (+€4,070) and Receivables within one year (+€3,776)
- Receivables within one year -€3,776
down €3,776 (-24.6%), from €15,355 to €11,579
of which Trade receivables: -€2,190
- Tangible fixed assets -€1,681
down €1,681 (-7.1%), from €23,843 to €22,161
of which Other tangible fixed assets: -€901
- Reserves +€3,209
up €3,209 (+2.8%), from €115,464 to €118,673
- Tax, wage and social debts +€1,900
up €1,900 (+27.5%), from €6,900 to €8,800
- Gross operating margin -€30,860
down €30,860 (-73.5%), from €41,965 to €11,105
- Taxes -€5,590
down €5,590 (-69.3%), from €8,067 to €2,477
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 | €132,505 | €137,488 | +€4,982 | +3.8% |
| Fixed assets | 21/28 | €23,843 | €22,161 | -€1,681 | -7.1% |
| Tangible fixed assets | 22/27 | €23,843 | €22,161 | -€1,681 | -7.1% |
| Furniture and vehicles | 24 | €2,080 | €1,300 | -€780 | -37.5% |
| Other tangible fixed assets | 26 | €21,763 | €20,861 | -€901 | -4.1% |
| Current assets | 29/58 | €108,663 | €115,326 | +€6,663 | +6.1% |
| Amounts receivable within one year | 40/41 | €15,355 | €11,579 | -€3,776 | -24.6% |
| Trade receivables | 40 | €12,240 | €10,050 | -€2,190 | -17.9% |
| Other amounts receivable | 41 | €3,115 | €1,529 | -€1,586 | -50.9% |
| Cash at bank and in hand | 54/58 | €87,206 | €97,646 | +€10,440 | +12.0% |
| Deferred charges and accrued income | 490/1 | €6,101 | €6,101 | = | 0.0% |
| Total equity and liabilities | 10/49 | €132,505 | €137,488 | +€4,982 | +3.8% |
| Equity | 10/15 | €125,464 | €128,673 | +€3,209 | +2.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €115,464 | €118,673 | +€3,209 | +2.8% |
| Distributable reserves | 133 | €115,464 | €118,673 | +€3,209 | +2.8% |
| Amounts payable | 17/49 | €7,042 | €8,815 | +€1,773 | +25.2% |
| Amounts payable within one year | 42/48 | €7,042 | €8,815 | +€1,773 | +25.2% |
| Trade debts | 44 | €142 | €15 | -€127 | -89.4% |
| Suppliers | 440/4 | €142 | €15 | -€127 | -89.4% |
| Taxes, remuneration and social security | 45 | €6,900 | €8,800 | +€1,900 | +27.5% |
| Taxes | 450/3 | €6,900 | €8,800 | +€1,900 | +27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,985 | €4,070 | +€85 | +2.1% |
| Other operating charges | 640/8 | €1,117 | €1,211 | +€94 | +8.4% |
| Gross operating margin | 9900 | €41,965 | €11,105 | -€30,860 | -73.5% |
| Operating profit (loss) | 9901 | €36,863 | €5,824 | -€31,039 | -84.2% |
| Financial charges | 65/66B | €199 | €138 | -€61 | -30.7% |
| Recurring financial charges | 65 | €199 | €138 | -€61 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €36,664 | €5,686 | -€30,978 | -84.5% |
| Income taxes | 67/77 | €8,067 | €2,477 | -€5,590 | -69.3% |
| Profit (loss) for the period | 9904 | €28,597 | €3,209 | -€25,388 | -88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,597 | €3,209 | -€25,388 | -88.8% |
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.