RODELLE: 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.
RODELLE
Largest movements
- Tangible fixed assets -€160,886
down €160,886 (-4.5%), from €3.6m to €3.4m
of which Land and buildings: -€124,853
- Cash -€109,210
down €109,210 (-61.5%), from €177,583 to €68,373
mainly Debts after one year (-€207,094) and Current investments (-€85,000)
- Current investments +€85,000
up €85,000 (+35.4%), from €240,000 to €325,000
- Debts after one year -€207,094
down €207,094 (-8.4%), from €2.5m to €2.3m
of which Financial debts: -€197,705
- Profit (loss) carried forward +€47,318
up €47,318 (+12.1%), from €390,287 to €437,606
- Staff costs -€32,730
down €32,730 (-59.3%), from €55,174 to €22,444
- Depreciation +€27,291
up €27,291 (+19.3%), from €141,279 to €168,570
- Financial charges -€8,016
down €8,016 (-10.4%), from €76,738 to €68,722
- Gross operating margin +€7,689
up €7,689 (+2.4%), from €325,756 to €333,445
- Financial income -€4,850
down €4,850 (-44.4%), from €10,919 to €6,069
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 | €4,017,845 | €3,842,887 | -€174,959 | -4.4% |
| Fixed assets | 21/28 | €3,580,263 | €3,419,346 | -€160,918 | -4.5% |
| Tangible fixed assets | 22/27 | €3,580,232 | €3,419,346 | -€160,886 | -4.5% |
| Land and buildings | 22 | €3,512,869 | €3,388,016 | -€124,853 | -3.6% |
| Plant, machinery and equipment | 23 | €10,523 | €8,204 | -€2,318 | -22.0% |
| Furniture and vehicles | 24 | €10,632 | - | -€10,632 | |
| Assets under construction and advance payments | 27 | €46,208 | €23,125 | -€23,083 | -50.0% |
| Financial fixed assets | 28 | €32 | - | -€32 | |
| Current assets | 29/58 | €437,582 | €423,541 | -€14,041 | -3.2% |
| Amounts receivable within one year | 40/41 | €5,419 | €15,972 | +€10,553 | +194.7% |
| Trade receivables | 40 | €5,419 | €9,806 | +€4,387 | +81.0% |
| Other amounts receivable | 41 | - | €6,166 | +€6,166 | |
| Current investments | 50/53 | €240,000 | €325,000 | +€85,000 | +35.4% |
| Cash at bank and in hand | 54/58 | €177,583 | €68,373 | -€109,210 | -61.5% |
| Deferred charges and accrued income | 490/1 | €14,580 | €14,196 | -€384 | -2.6% |
| Total equity and liabilities | 10/49 | €4,017,845 | €3,842,887 | -€174,959 | -4.4% |
| Equity | 10/15 | €1,235,482 | €1,276,216 | +€40,734 | +3.3% |
| Contributions | 10/11 | €411,489 | €411,489 | = | 0.0% |
| Reserves | 13 | €433,706 | €427,121 | -€6,584 | -1.5% |
| Tax-exempt reserves | 132 | €202,557 | €195,972 | -€6,584 | -3.3% |
| Distributable reserves | 133 | €231,149 | €231,149 | = | 0.0% |
| Profit (loss) carried forward | 14 | €390,287 | €437,606 | +€47,318 | +12.1% |
| Provisions and deferred taxes | 16 | €67,519 | €65,324 | -€2,195 | -3.3% |
| Deferred taxes | 168 | €67,519 | €65,324 | -€2,195 | -3.3% |
| Amounts payable | 17/49 | €2,714,844 | €2,501,347 | -€213,498 | -7.9% |
| Amounts payable after more than one year | 17 | €2,466,721 | €2,259,627 | -€207,094 | -8.4% |
| Financial debts | 170/4 | €2,099,212 | €1,901,507 | -€197,705 | -9.4% |
| Other amounts payable | 178/9 | €367,509 | €358,120 | -€9,390 | -2.6% |
| Amounts payable within one year | 42/48 | €236,990 | €208,908 | -€28,083 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €195,286 | €197,705 | +€2,419 | +1.2% |
| Trade debts | 44 | €13,271 | €3,920 | -€9,350 | -70.5% |
| Suppliers | 440/4 | €13,271 | €3,920 | -€9,350 | -70.5% |
| Taxes, remuneration and social security | 45 | €28,171 | €7,282 | -€20,888 | -74.1% |
| Taxes | 450/3 | €20,782 | €7,282 | -€13,499 | -65.0% |
| Remuneration and social security | 454/9 | €7,389 | - | -€7,389 | |
| Other amounts payable | 47/48 | €263 | - | -€263 | |
| Accrued charges and deferred income | 492/3 | €11,133 | €32,812 | +€21,680 | +194.7% |
| Remuneration, social security and pensions | 62 | €55,174 | €22,444 | -€32,730 | -59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,279 | €168,570 | +€27,291 | +19.3% |
| Other operating charges | 640/8 | €21,424 | €25,371 | +€3,947 | +18.4% |
| Gross operating margin | 9900 | €325,756 | €333,445 | +€7,689 | +2.4% |
| Operating profit (loss) | 9901 | €107,879 | €117,060 | +€9,182 | +8.5% |
| Financial income | 75/76B | €10,919 | €6,069 | -€4,850 | -44.4% |
| Recurring financial income | 75 | €10,919 | €6,069 | -€4,850 | -44.4% |
| Financial charges | 65/66B | €76,738 | €68,722 | -€8,016 | -10.4% |
| Recurring financial charges | 65 | €76,738 | €68,722 | -€8,016 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €42,059 | €54,408 | +€12,348 | +29.4% |
| Transfer from deferred taxes | 780 | €2,195 | €2,195 | = | 0.0% |
| Income taxes | 67/77 | €13,148 | €15,869 | +€2,721 | +20.7% |
| Profit (loss) for the period | 9904 | €31,106 | €40,734 | +€9,627 | +31.0% |
| Transfer from tax-exempt reserves | 789 | €6,584 | €6,584 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,691 | €47,318 | +€9,627 | +25.5% |
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 10 October 2026 via checked.be.