RODEMA: 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.
RODEMA
Largest movements
- Tangible fixed assets +€82,381
up €82,381 (+16.9%), from €488,768 to €571,149
of which Assets under construction and advance payments: +€90,000
- Cash -€65,899
down €65,899 (-93.1%), from €70,749 to €4,850
mainly Investment in fixed assets (net) (-€102,283) and Debts after one year (-€17,578)
- Other debts +€53,300
up €53,300 (+26.4%), from €201,815 to €255,115
- Debts after one year -€17,578
down €17,578 (-12.4%), from €141,465 to €123,887
- Reserves -€13,099
down €13,099 (-10.0%), from €130,924 to €117,825
of which Tax-exempt reserves: -€35,465
- Provisions -€11,822
down €11,822 (-18.5%), from €63,926 to €52,104
of which Deferred taxes: -€11,822
- Gross operating margin +€23,695
up €23,695, from -€15,533 to €8,162
- Financial income -€10,007
down €10,007 (-100.0%), from €10,009 to €2
- Taxes +€2,237
new in 2024: €2,237
- Other operating charges +€1,460
up €1,460 (+23.4%), from €6,229 to €7,689
- Depreciation +€374
up €374 (+1.9%), from €19,528 to €19,902
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €731,785 | €748,266 | +€16,481 | +2.3% |
| Fixed assets | 21/28 | €598,768 | €681,149 | +€82,381 | +13.8% |
| Tangible fixed assets | 22/27 | €488,768 | €571,149 | +€82,381 | +16.9% |
| Land and buildings | 22 | €476,125 | €459,339 | -€16,786 | -3.5% |
| Plant, machinery and equipment | 23 | €12,643 | €21,810 | +€9,167 | +72.5% |
| Assets under construction and advance payments | 27 | - | €90,000 | +€90,000 | |
| Financial fixed assets | 28 | €110,000 | €110,000 | = | 0.0% |
| Current assets | 29/58 | €133,017 | €67,116 | -€65,901 | -49.5% |
| Amounts receivable within one year | 40/41 | €61,000 | €61,000 | = | 0.0% |
| Other amounts receivable | 41 | €61,000 | €61,000 | = | 0.0% |
| Current investments | 50/53 | €1,268 | €1,267 | -€1 | -0.1% |
| Cash at bank and in hand | 54/58 | €70,749 | €4,850 | -€65,899 | -93.1% |
| Total equity and liabilities | 10/49 | €731,785 | €748,266 | +€16,481 | +2.3% |
| Equity | 10/15 | €307,166 | €294,068 | -€13,098 | -4.3% |
| Contributions | 10/11 | €210,709 | €210,710 | +€1 | 0.0% |
| Capital | 10 | €210,709 | €210,710 | +€1 | 0.0% |
| Issued capital | 100 | €210,709 | €210,710 | +€1 | 0.0% |
| Reserves | 13 | €130,924 | €117,825 | -€13,099 | -10.0% |
| Non-distributable reserves | 130/1 | €85,899 | €108,264 | +€22,365 | +26.0% |
| Legal reserve | 130 | €21,071 | €21,071 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €64,828 | €87,194 | +€22,366 | +34.5% |
| Tax-exempt reserves | 132 | €35,465 | €0 | -€35,465 | -100.0% |
| Distributable reserves | 133 | €9,560 | €9,560 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€34,467 | -€34,467 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | €63,926 | €52,104 | -€11,822 | -18.5% |
| Provisions for liabilities and charges | 160/5 | €52,104 | €52,104 | +€0 | 0.0% |
| Other liabilities and charges | 164/5 | €52,104 | €52,104 | +€0 | 0.0% |
| Deferred taxes | 168 | €11,822 | €0 | -€11,822 | -100.0% |
| Amounts payable | 17/49 | €360,693 | €402,094 | +€41,401 | +11.5% |
| Amounts payable after more than one year | 17 | €141,465 | €123,887 | -€17,578 | -12.4% |
| Financial debts | 170/4 | €141,465 | €123,887 | -€17,578 | -12.4% |
| Amounts payable within one year | 42/48 | €219,228 | €278,206 | +€58,978 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €17,206 | €17,577 | +€371 | +2.2% |
| Trade debts | 44 | €207 | €3,278 | +€3,071 | +1483.3% |
| Suppliers | 440/4 | €207 | €3,278 | +€3,071 | +1483.3% |
| Taxes, remuneration and social security | 45 | - | €2,237 | +€2,237 | |
| Taxes | 450/3 | - | €2,237 | +€2,237 | |
| Other amounts payable | 47/48 | €201,815 | €255,115 | +€53,300 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,528 | €19,902 | +€374 | +1.9% |
| Other operating charges | 640/8 | €6,229 | €7,689 | +€1,460 | +23.4% |
| Gross operating margin | 9900 | -€15,533 | €8,162 | +€23,695 | |
| Operating profit (loss) | 9901 | -€41,290 | -€19,429 | +€21,861 | +52.9% |
| Financial income | 75/76B | €10,009 | €2 | -€10,007 | -100.0% |
| Recurring financial income | 75 | €10,009 | €2 | -€10,007 | -100.0% |
| Financial charges | 65/66B | €3,620 | €3,257 | -€363 | -10.0% |
| Recurring financial charges | 65 | €3,620 | €3,257 | -€363 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€34,901 | -€22,685 | +€12,216 | +35.0% |
| Transfer from deferred taxes | 780 | €887 | €11,822 | +€10,935 | +1232.8% |
| Income taxes | 67/77 | - | €2,237 | +€2,237 | |
| Profit (loss) for the period | 9904 | -€34,014 | -€13,100 | +€20,914 | +61.5% |
| Transfer from tax-exempt reserves | 789 | €2,659 | €35,465 | +€32,806 | +1233.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,355 | €22,365 | +€53,720 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.