RODECOM: 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.
What changed
RODECOM
NACE 70.100, Activities of head offices
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€112,303
2024 · -€158,190+€270,493
Equity
€1.1m
2024 · €996,010+€112,303
Cash
€182,362
2024 · €1.3m-€1.1m
Balance sheet total
€3.8m
2024 · €4.7m-€892,821
Largest movements
Assets
- Cash -€1.1m
down €1.1m (-85.5%), from €1.3m to €182,362
mainly Debts after one year (-€1.3m) and Investment in fixed assets (net) (-€426,747)
- Tangible fixed assets +€265,345
up €265,345 (+14.6%), from €1.8m to €2.1m
of which Furniture and vehicles: +€133,144
- Receivables within one year -€104,428
down €104,428 (-16.2%), from €644,009 to €539,581
of which Other amounts receivable: -€175,395
- Current investments +€56,340
up €56,340 (+17.4%), from €323,103 to €379,443
Equity and liabilities
- Debts after one year -€1.3m
down €1.3m (-37.1%), from €3.4m to €2.1m
- Other debts +€142,000
up €142,000, from €0 to €142,000
- Profit (loss) carried forward +€112,303
up €112,303 (+48.7%), from €230,564 to €342,867
- Trade debts +€103,936
up €103,936 (+108.5%), from €95,754 to €199,690
Income statement
- Financial charges -€290,646
down €290,646 (-67.5%), from €430,503 to €139,857
of which Financial charges: -€290,646
- Services and other goods +€186,356
up €186,356 (+39.8%), from €467,899 to €654,254
- Turnover +€162,982
up €162,982 (+17.2%), from €949,554 to €1.1m
- Staff costs -€69,409
down €69,409 (-42.4%), from €163,637 to €94,227
- Depreciation +€62,588
up €62,588 (+63.3%), from €98,815 to €161,403
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.
Result 2024
-€158,190
Turnover
+€162,982
Other operating income
+€17,466
Goods and materials
-€8,377
Services and other goods
-€186,356
Staff costs
+€69,409
Depreciation
-€62,588
Other operating charges
-€1,924
Other operating items
-€8,915
Financial income
-€1,930
Financial charges
+€290,646
Taxes
+€80
Result 2025
€112,303
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.
From operations
+€648,890
Investment
-€483,088
Financing
-€1.2m
Cash 2024
€1.3m
From operations (derived)
+€648,890
Net result for the year
+€112,303
Depreciation
+€161,403
Stocks and contracts
-€1,083
Receivables within one year
+€104,428
Deferred charges and accrued income
+€35,268
Trade debts
+€103,936
Tax, wage and social debts
-€9,365
Other debts
+€142,000
Investment (derived)
-€483,088
Investment in fixed assets (net)
-€426,747
Current investments
-€56,340
Financing
-€1.2m
Debts after one year
-€1.3m
Current portion of long-term debt
+€12,227
Cash 2025
€182,362
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,683,991 | €3,791,170 | -€892,821 | -19.1% |
| Fixed assets | 21/28 | €2,264,822 | €2,530,167 | +€265,345 | +11.7% |
| Tangible fixed assets | 22/27 | €1,816,682 | €2,082,026 | +€265,345 | +14.6% |
| Land and buildings | 22 | €1,683,055 | €1,776,243 | +€93,188 | +5.5% |
| Plant, machinery and equipment | 23 | €12,126 | €5,524 | -€6,603 | -54.4% |
| Furniture and vehicles | 24 | €60,835 | €193,978 | +€133,144 | +218.9% |
| Leasing and similar rights | 25 | €29,530 | €75,929 | +€46,399 | +157.1% |
| Other tangible fixed assets | 26 | €31,136 | €30,352 | -€784 | -2.5% |
| Financial fixed assets | 28 | €448,141 | €448,141 | = | 0.0% |
| Affiliated companies | 280/1 | €0 | - | = | |
| Participating interests | 280 | €0 | - | = | |
| Companies linked by participating interests | 282/3 | €432,966 | €432,966 | = | 0.0% |
| Participating interests | 282 | €432,966 | €432,966 | = | 0.0% |
| Other financial fixed assets | 284/8 | €15,175 | €15,175 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €15,175 | €15,175 | = | 0.0% |
| Current assets | 29/58 | €2,419,169 | €1,261,004 | -€1.2m | -47.9% |
| Stocks and contracts in progress | 3 | €151,879 | €152,962 | +€1,083 | +0.7% |
| Stocks | 30/36 | €151,879 | €152,962 | +€1,083 | +0.7% |
| Goods purchased for resale | 34 | €151,879 | €152,962 | +€1,083 | +0.7% |
| Amounts receivable within one year | 40/41 | €644,009 | €539,581 | -€104,428 | -16.2% |
| Trade receivables | 40 | €318,150 | €389,117 | +€70,967 | +22.3% |
| Other amounts receivable | 41 | €325,859 | €150,464 | -€175,395 | -53.8% |
| Current investments | 50/53 | €323,103 | €379,443 | +€56,340 | +17.4% |
| Other investments | 51/53 | €323,103 | €379,443 | +€56,340 | +17.4% |
| Cash at bank and in hand | 54/58 | €1,258,255 | €182,362 | -€1.1m | -85.5% |
| Deferred charges and accrued income | 490/1 | €41,923 | €6,655 | -€35,268 | -84.1% |
| Total equity and liabilities | 10/49 | €4,683,991 | €3,791,170 | -€892,821 | -19.1% |
| Equity | 10/15 | €996,010 | €1,108,313 | +€112,303 | +11.3% |
| Contributions | 10/11 | €751,360 | €751,360 | = | 0.0% |
| Reserves | 13 | €14,087 | €14,087 | = | 0.0% |
| Distributable reserves | 133 | €14,087 | €14,087 | = | 0.0% |
| Profit (loss) carried forward | 14 | €230,564 | €342,867 | +€112,303 | +48.7% |
| Amounts payable | 17/49 | €3,687,981 | €2,682,858 | -€1.0m | -27.3% |
| Amounts payable after more than one year | 17 | €3,383,892 | €2,129,971 | -€1.3m | -37.1% |
| Financial debts | 170/4 | €3,383,892 | €2,129,971 | -€1.3m | -37.1% |
| Leasing and similar obligations | 172 | €15,760 | €54,840 | +€39,080 | +248.0% |
| Credit institutions | 173 | €1,595,080 | €1,474,702 | -€120,378 | -7.5% |
| Other loans | 174 | €1,773,053 | €600,430 | -€1.2m | -66.1% |
| Amounts payable within one year | 42/48 | €304,089 | €552,887 | +€248,798 | +81.8% |
| Current portion of amounts payable after more than one year | 42 | €129,123 | €141,350 | +€12,227 | +9.5% |
| Trade debts | 44 | €95,754 | €199,690 | +€103,936 | +108.5% |
| Suppliers | 440/4 | €95,754 | €199,690 | +€103,936 | +108.5% |
| Advances received on contracts in progress | 46 | €29,825 | €29,825 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €49,386 | €40,021 | -€9,365 | -19.0% |
| Taxes | 450/3 | €40,164 | €30,215 | -€9,949 | -24.8% |
| Remuneration and social security | 454/9 | €9,223 | €9,807 | +€584 | +6.3% |
| Other amounts payable | 47/48 | €0 | €142,000 | +€142,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €1,010,591 | €1,191,039 | +€180,448 | +17.9% |
| Turnover | 70 | €949,554 | €1,112,536 | +€162,982 | +17.2% |
| Other operating income | 74 | €61,037 | €78,503 | +€17,466 | +28.6% |
| Operating charges | 60/66A | €739,789 | €938,539 | +€198,750 | +26.9% |
| Goods for resale, raw materials and consumables | 60 | €7,078 | €15,456 | +€8,377 | +118.3% |
| Purchases | 600/8 | €755 | €16,539 | +€15,783 | +2089.4% |
| Change in stocks: decrease (increase) | 609 | €6,323 | -€1,083 | -€7,406 | |
| Services and other goods | 61 | €467,899 | €654,254 | +€186,356 | +39.8% |
| Remuneration, social security and pensions | 62 | €163,637 | €94,227 | -€69,409 | -42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,815 | €161,403 | +€62,588 | +63.3% |
| Other operating charges | 640/8 | €2,360 | €4,284 | +€1,924 | +81.5% |
| Non-recurring operating charges | 66A | - | €8,915 | +€8,915 | |
| Operating profit (loss) | 9901 | €270,802 | €252,500 | -€18,302 | -6.8% |
| Financial income | 75/76B | €2,609 | €679 | -€1,930 | -74.0% |
| Recurring financial income | 75 | €2,609 | €679 | -€1,930 | -74.0% |
| Income from current assets | 751 | €2,609 | €459 | -€2,150 | -82.4% |
| Other financial income | 752/9 | €0 | €220 | +€220 | +732566.7% |
| Financial charges | 65/66B | €430,503 | €139,857 | -€290,646 | -67.5% |
| Recurring financial charges | 65 | €430,503 | €139,857 | -€290,646 | -67.5% |
| Debt charges | 650 | €75,654 | €137,629 | +€61,975 | +81.9% |
| Other financial charges | 652/9 | €354,849 | €2,228 | -€352,621 | -99.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€157,091 | €113,321 | +€270,413 | |
| Income taxes | 67/77 | €1,099 | €1,019 | -€80 | -7.3% |
| Taxes | 670/3 | €1,099 | €1,019 | -€80 | -7.3% |
| Profit (loss) for the period | 9904 | -€158,190 | €112,303 | +€270,493 | |
| Profit (loss) for the period to be appropriated | 9905 | -€158,190 | €112,303 | +€270,493 |
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 8 October 2026 via checked.be.