RODENBACH HOLDING: 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.
What changed
RODENBACH HOLDING
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€773,229
2024 · €544,801+€228,428
Equity
€2.0m
2024 · €1.2m+€773,229
Cash
€100,436
2024 · €66,790+€33,647
Balance sheet total
€5.4m
2024 · €5.4m+€39,857
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€885,718
down €885,718 (-24.7%), from €3.6m to €2.7m
of which Financial debts: -€974,492
- Reserves +€800,000
up €800,000 (+72.7%), from €1.1m to €1.9m
- Other debts +€175,000
new in 2025: €175,000
Income statement
- Financial income +€250,000
up €250,000 (+125%), from €200,000 to €450,000
- Financial charges +€39,253
up €39,253 (+48.4%), from €81,132 to €120,385
- Gross operating margin +€11,194
up €11,194 (+2.1%), from €545,841 to €557,034
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
€544,801
Gross operating margin
+€11,194
Depreciation
-€62
Other operating charges
+€1,176
Financial income
+€250,000
Financial charges
-€39,253
Taxes
+€5,374
Result 2025
€773,229
raises the resultlowers the result
Derived cash bridge
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
+€911,683
Investment
€0
Financing
-€878,037
Cash 2024
€66,790
From operations (derived)
+€911,683
Net result for the year
+€773,229
Depreciation
+€349
Receivables within one year
-€3,815
Deferred charges and accrued income
-€2,744
Trade debts
-€8,447
Tax, wage and social debts
-€8,260
Other debts
+€175,000
Accrued charges and deferred income
-€13,629
Financing
-€878,037
Debts after one year
-€885,718
Current portion of long-term debt
+€7,681
Cash 2025
€100,436
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,403,798 | €5,443,655 | +€39,857 | +0.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €5,319,295 | €5,318,946 | -€349 | 0.0% |
| Tangible fixed assets | 22/27 | €1,478 | €1,129 | -€349 | -23.6% |
| Plant, machinery and equipment | 23 | €1,478 | €1,129 | -€349 | -23.6% |
| Financial fixed assets | 28 | €5,317,817 | €5,317,817 | = | 0.0% |
| Current assets | 29/58 | €84,503 | €124,708 | +€40,205 | +47.6% |
| Amounts receivable within one year | 40/41 | €16,271 | €20,086 | +€3,815 | +23.4% |
| Trade receivables | 40 | €12,830 | €12,830 | = | 0.0% |
| Other amounts receivable | 41 | €3,441 | €7,256 | +€3,815 | +111% |
| Cash at bank and in hand | 54/58 | €66,790 | €100,436 | +€33,647 | +50.4% |
| Deferred charges and accrued income | 490/1 | €1,442 | €4,186 | +€2,744 | +190% |
| Total equity and liabilities | 10/49 | €5,403,798 | €5,443,655 | +€39,857 | +0.7% |
| Equity | 10/15 | €1,248,594 | €2,021,824 | +€773,229 | +61.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,100,000 | €1,900,000 | +€800,000 | +72.7% |
| Distributable reserves | 133 | €1,100,000 | €1,900,000 | +€800,000 | +72.7% |
| Profit (loss) carried forward | 14 | €48,594 | €21,824 | -€26,771 | -55.1% |
| Amounts payable | 17/49 | €4,155,204 | €3,421,831 | -€733,373 | -17.6% |
| Amounts payable after more than one year | 17 | €3,590,201 | €2,704,483 | -€885,718 | -24.7% |
| Financial debts | 170/4 | €1,481,029 | €506,537 | -€974,492 | -65.8% |
| Other amounts payable | 178/9 | €2,109,172 | €2,197,946 | +€88,774 | +4.2% |
| Amounts payable within one year | 42/48 | €501,087 | €667,060 | +€165,974 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €476,811 | €484,492 | +€7,681 | +1.6% |
| Trade debts | 44 | €12,401 | €3,954 | -€8,447 | -68.1% |
| Suppliers | 440/4 | €12,401 | €3,954 | -€8,447 | -68.1% |
| Taxes, remuneration and social security | 45 | €11,875 | €3,614 | -€8,260 | -69.6% |
| Taxes | 450/3 | €7,875 | €3,471 | -€4,404 | -55.9% |
| Remuneration and social security | 454/9 | €4,000 | €144 | -€3,857 | -96.4% |
| Other amounts payable | 47/48 | - | €175,000 | +€175,000 | |
| Accrued charges and deferred income | 492/3 | €63,916 | €50,288 | -€13,629 | -21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €287 | €349 | +€62 | +21.6% |
| Other operating charges | 640/8 | €3,062 | €1,886 | -€1,176 | -38.4% |
| Gross operating margin | 9900 | €545,841 | €557,034 | +€11,194 | +2.1% |
| Operating profit (loss) | 9901 | €542,492 | €554,800 | +€12,308 | +2.3% |
| Financial income | 75/76B | €200,000 | €450,000 | +€250,000 | +125% |
| Recurring financial income | 75 | €200,000 | €450,000 | +€250,000 | +125% |
| Financial charges | 65/66B | €81,132 | €120,385 | +€39,253 | +48.4% |
| Recurring financial charges | 65 | €81,132 | €120,385 | +€39,253 | +48.4% |
| Profit (loss) for the period before taxes | 9903 | €661,360 | €884,414 | +€223,054 | +33.7% |
| Income taxes | 67/77 | €116,559 | €111,185 | -€5,374 | -4.6% |
| Profit (loss) for the period | 9904 | €544,801 | €773,229 | +€228,428 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €544,801 | €773,229 | +€228,428 | +41.9% |
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 18 October 2026 via checked.be.