RODECOR: 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.
RODECOR
Largest movements
- Receivables within one year +€47,542
up €47,542 (+67.9%), from €70,060 to €117,602
of which Trade receivables: +€47,310
- Cash +€37,446
up €37,446 (+95.6%), from €39,156 to €76,602
mainly Net result for the year (+€62,325) and Tax, wage and social debts (+€22,915)
- Tangible fixed assets -€10,049
down €10,049 (-22.6%), from €44,424 to €34,375
- Reserves +€62,325
new in 2025: €62,325
- Tax, wage and social debts +€22,915
up €22,915 (+197.9%), from €11,577 to €34,493
of which Taxes: +€19,453
- Trade debts -€11,573
down €11,573 (-42.9%), from €26,952 to €15,379
- Debts after one year +€2,900
up €2,900 (+15.2%), from €19,137 to €22,038
- Gross operating margin +€59,251
up €59,251 (+131.8%), from €44,970 to €104,221
- Taxes +€19,453
up €19,453 (+210.8%), from €9,230 to €28,683
- Depreciation +€4,228
up €4,228 (+72.6%), from €5,821 to €10,049
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 | €156,497 | €230,722 | +€74,226 | +47.4% |
| Fixed assets | 21/28 | €44,424 | €34,375 | -€10,049 | -22.6% |
| Tangible fixed assets | 22/27 | €44,424 | €34,375 | -€10,049 | -22.6% |
| Furniture and vehicles | 24 | €44,424 | €34,375 | -€10,049 | -22.6% |
| Current assets | 29/58 | €112,073 | €196,347 | +€84,274 | +75.2% |
| Amounts receivable within one year | 40/41 | €70,060 | €117,602 | +€47,542 | +67.9% |
| Trade receivables | 40 | €42,406 | €89,716 | +€47,310 | +111.6% |
| Other amounts receivable | 41 | €27,654 | €27,886 | +€232 | +0.8% |
| Cash at bank and in hand | 54/58 | €39,156 | €76,602 | +€37,446 | +95.6% |
| Deferred charges and accrued income | 490/1 | €2,857 | €2,143 | -€714 | -25.0% |
| Total equity and liabilities | 10/49 | €156,497 | €230,722 | +€74,226 | +47.4% |
| Equity | 10/15 | €72,821 | €133,480 | +€60,659 | +83.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €62,325 | +€62,325 | |
| Distributable reserves | 133 | - | €62,325 | +€62,325 | |
| Profit (loss) carried forward | 14 | €69,821 | €68,155 | -€1,666 | -2.4% |
| Amounts payable | 17/49 | €83,676 | €97,242 | +€13,566 | +16.2% |
| Amounts payable after more than one year | 17 | €19,137 | €22,038 | +€2,900 | +15.2% |
| Financial debts | 170/4 | €19,137 | €22,038 | +€2,900 | +15.2% |
| Amounts payable within one year | 42/48 | €63,837 | €74,503 | +€10,666 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €7,279 | €7,645 | +€366 | +5.0% |
| Trade debts | 44 | €26,952 | €15,379 | -€11,573 | -42.9% |
| Suppliers | 440/4 | €26,952 | €15,379 | -€11,573 | -42.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €11,577 | €34,493 | +€22,915 | +197.9% |
| Taxes | 450/3 | €9,729 | €29,183 | +€19,453 | +199.9% |
| Remuneration and social security | 454/9 | €1,848 | €5,310 | +€3,462 | +187.3% |
| Other amounts payable | 47/48 | €18,029 | €16,987 | -€1,042 | -5.8% |
| Accrued charges and deferred income | 492/3 | €701 | €701 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,821 | €10,049 | +€4,228 | +72.6% |
| Other operating charges | 640/8 | €2,411 | €1,718 | -€692 | -28.7% |
| Gross operating margin | 9900 | €44,970 | €104,221 | +€59,251 | +131.8% |
| Operating profit (loss) | 9901 | €36,739 | €92,454 | +€55,715 | +151.7% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100.0% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100.0% |
| Financial charges | 65/66B | €1,100 | €1,446 | +€346 | +31.5% |
| Recurring financial charges | 65 | €1,100 | €1,446 | +€346 | +31.5% |
| Profit (loss) for the period before taxes | 9903 | €35,649 | €91,008 | +€55,359 | +155.3% |
| Income taxes | 67/77 | €9,230 | €28,683 | +€19,453 | +210.8% |
| Profit (loss) for the period | 9904 | €26,420 | €62,325 | +€35,906 | +135.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,420 | €62,325 | +€35,906 | +135.9% |
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 1 October 2026 via checked.be.