RODEJO: 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.
RODEJO
Largest movements
- Cash -€18,278
down €18,278 (-28.5%), from €64,060 to €45,783
mainly Debts after one year (-€100,000) and Contributions, distributions and other (-€40,000)
- Tangible fixed assets -€9,061
down €9,061 (-8.1%), from €111,863 to €102,802
of which Land and buildings: -€9,019
- Deferred charges and accrued income +€7,892
up €7,892 (+398.0%), from €1,983 to €9,874
- Stocks and contracts +€2,940
up €2,940 (+46.8%), from €6,284 to €9,224
- Debts after one year -€100,000
no longer reported in 2025 (was €100,000)
- Other debts +€46,950
up €46,950 (+129.5%), from €36,248 to €83,197
- Tax, wage and social debts +€18,322
up €18,322 (+105.0%), from €17,453 to €35,775
- Profit (loss) carried forward +€17,239
up €17,239 (+2178.2%), from €791 to €18,031
- Trade debts +€6,780
up €6,780 (+48.9%), from €13,872 to €20,651
- Gross operating margin +€36,923
up €36,923 (+62.4%), from €59,205 to €96,127
- Taxes +€10,640
up €10,640 (+122.8%), from €8,662 to €19,302
- Depreciation +€4,365
up €4,365 (+37.3%), from €11,709 to €16,074
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 | €185,494 | €169,820 | -€15,673 | -8.4% |
| Fixed assets | 21/28 | €112,344 | €103,283 | -€9,061 | -8.1% |
| Tangible fixed assets | 22/27 | €111,863 | €102,802 | -€9,061 | -8.1% |
| Land and buildings | 22 | €83,320 | €74,301 | -€9,019 | -10.8% |
| Plant, machinery and equipment | 23 | €13,112 | €16,678 | +€3,566 | +27.2% |
| Furniture and vehicles | 24 | €15,431 | €11,823 | -€3,607 | -23.4% |
| Financial fixed assets | 28 | €481 | €481 | = | 0.0% |
| Current assets | 29/58 | €73,150 | €66,537 | -€6,613 | -9.0% |
| Stocks and contracts in progress | 3 | €6,284 | €9,224 | +€2,940 | +46.8% |
| Stocks | 30/36 | €6,284 | €9,224 | +€2,940 | +46.8% |
| Amounts receivable within one year | 40/41 | €823 | €1,656 | +€833 | +101.3% |
| Other amounts receivable | 41 | €823 | €1,656 | +€833 | +101.3% |
| Cash at bank and in hand | 54/58 | €64,060 | €45,783 | -€18,278 | -28.5% |
| Deferred charges and accrued income | 490/1 | €1,983 | €9,874 | +€7,892 | +398.0% |
| Total equity and liabilities | 10/49 | €185,494 | €169,820 | -€15,673 | -8.4% |
| Equity | 10/15 | €10,791 | €28,031 | +€17,239 | +159.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €791 | €18,031 | +€17,239 | +2178.2% |
| Amounts payable | 17/49 | €174,702 | €141,790 | -€32,913 | -18.8% |
| Amounts payable after more than one year | 17 | €100,000 | - | -€100,000 | |
| Other amounts payable | 178/9 | €100,000 | - | -€100,000 | |
| Amounts payable within one year | 42/48 | €67,572 | €139,623 | +€72,051 | +106.6% |
| Trade debts | 44 | €13,872 | €20,651 | +€6,780 | +48.9% |
| Suppliers | 440/4 | €13,872 | €20,651 | +€6,780 | +48.9% |
| Taxes, remuneration and social security | 45 | €17,453 | €35,775 | +€18,322 | +105.0% |
| Taxes | 450/3 | €17,453 | €35,775 | +€18,322 | +105.0% |
| Other amounts payable | 47/48 | €36,248 | €83,197 | +€46,950 | +129.5% |
| Accrued charges and deferred income | 492/3 | €7,130 | €2,166 | -€4,964 | -69.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,709 | €16,074 | +€4,365 | +37.3% |
| Other operating charges | 640/8 | €282 | €188 | -€94 | -33.3% |
| Gross operating margin | 9900 | €59,205 | €96,127 | +€36,923 | +62.4% |
| Operating profit (loss) | 9901 | €47,214 | €79,865 | +€32,651 | +69.2% |
| Financial income | 75/76B | €601 | €85 | -€516 | -85.9% |
| Recurring financial income | 75 | €601 | €85 | -€516 | -85.9% |
| Financial charges | 65/66B | €3,360 | €3,409 | +€48 | +1.4% |
| Recurring financial charges | 65 | €3,360 | €3,409 | +€48 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €44,454 | €76,541 | +€32,087 | +72.2% |
| Income taxes | 67/77 | €8,662 | €19,302 | +€10,640 | +122.8% |
| Profit (loss) for the period | 9904 | €35,791 | €57,239 | +€21,448 | +59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,791 | €57,239 | +€21,448 | +59.9% |
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 11 October 2026 via checked.be.