RODEP: 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.
RODEP
Largest movements
- Cash +€192,137
up €192,137 (+97.4%), from €197,259 to €389,396
mainly Net result for the year (+€1.2m) and Depreciation (+€20,820)
- Reserves +€401,820
up €401,820 (+4.1%), from €9.8m to €10.2m
of which Distributable reserves: +€401,820
- Financial income -€170,084
down €170,084 (-10.8%), from €1.6m to €1.4m
- Financial charges +€35,011
up €35,011 (+3073.9%), from €1,139 to €36,150
- Gross operating margin +€14,358
up €14,358 (+508.5%), from €2,824 to €17,182
- Other operating charges +€7,334
up €7,334 (+80.6%), from €9,098 to €16,432
- Taxes -€5,710
down €5,710 (-4.1%), from €138,283 to €132,574
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 | €12,753,451 | €13,108,624 | +€355,172 | +2.8% |
| Fixed assets | 21/28 | €6,732,345 | €6,798,244 | +€65,899 | +1.0% |
| Tangible fixed assets | 22/27 | €239,425 | €221,325 | -€18,101 | -7.6% |
| Land and buildings | 22 | €239,425 | €219,129 | -€20,296 | -8.5% |
| Furniture and vehicles | 24 | - | €2,195 | +€2,195 | |
| Financial fixed assets | 28 | €6,492,919 | €6,576,919 | +€84,000 | +1.3% |
| Current assets | 29/58 | €6,021,107 | €6,310,380 | +€289,273 | +4.8% |
| Amounts receivable within one year | 40/41 | €826,544 | €835,392 | +€8,848 | +1.1% |
| Other amounts receivable | 41 | €826,544 | €835,392 | +€8,848 | +1.1% |
| Current investments | 50/53 | €4,978,872 | €5,059,267 | +€80,395 | +1.6% |
| Cash at bank and in hand | 54/58 | €197,259 | €389,396 | +€192,137 | +97.4% |
| Deferred charges and accrued income | 490/1 | €18,431 | €26,326 | +€7,894 | +42.8% |
| Total equity and liabilities | 10/49 | €12,753,451 | €13,108,624 | +€355,172 | +2.8% |
| Equity | 10/15 | €11,652,711 | €12,054,531 | +€401,820 | +3.4% |
| Contributions | 10/11 | €1,855,218 | €1,855,218 | = | 0.0% |
| Capital | 10 | €1,798,041 | €1,798,041 | = | 0.0% |
| Issued capital | 100 | €1,798,041 | €1,798,041 | = | 0.0% |
| Outside capital | 11 | €57,177 | €57,177 | = | 0.0% |
| Share premium | 1100/10 | €57,177 | €57,177 | = | 0.0% |
| Reserves | 13 | €9,797,494 | €10,199,313 | +€401,820 | +4.1% |
| Non-distributable reserves | 130/1 | €179,804 | €179,804 | = | 0.0% |
| Legal reserve | 130 | €179,804 | €179,804 | = | 0.0% |
| Distributable reserves | 133 | €9,617,690 | €10,019,509 | +€401,820 | +4.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,100,740 | €1,054,093 | -€46,647 | -4.2% |
| Amounts payable within one year | 42/48 | €1,097,705 | €1,053,263 | -€44,442 | -4.0% |
| Trade debts | 44 | €38 | €1,544 | +€1,506 | +3963.2% |
| Suppliers | 440/4 | €38 | €1,544 | +€1,506 | +3963.2% |
| Taxes, remuneration and social security | 45 | €240,000 | €240,000 | = | 0.0% |
| Taxes | 450/3 | €240,000 | €240,000 | = | 0.0% |
| Other amounts payable | 47/48 | €857,667 | €811,719 | -€45,948 | -5.4% |
| Accrued charges and deferred income | 492/3 | €3,035 | €830 | -€2,205 | -72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,265 | €20,820 | +€2,555 | +14.0% |
| Other operating charges | 640/8 | €9,098 | €16,432 | +€7,334 | +80.6% |
| Gross operating margin | 9900 | €2,824 | €17,182 | +€14,358 | +508.5% |
| Operating profit (loss) | 9901 | -€24,539 | -€20,070 | +€4,469 | +18.2% |
| Financial income | 75/76B | €1,567,637 | €1,397,554 | -€170,084 | -10.8% |
| Recurring financial income | 75 | €1,567,637 | €1,397,554 | -€170,084 | -10.8% |
| Financial charges | 65/66B | €1,139 | €36,150 | +€35,011 | +3073.9% |
| Recurring financial charges | 65 | €1,139 | €36,150 | +€35,011 | +3073.9% |
| Profit (loss) for the period before taxes | 9903 | €1,541,960 | €1,341,333 | -€200,626 | -13.0% |
| Income taxes | 67/77 | €138,283 | €132,574 | -€5,710 | -4.1% |
| Profit (loss) for the period | 9904 | €1,403,676 | €1,208,760 | -€194,916 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,403,676 | €1,208,760 | -€194,916 | -13.9% |
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 5 October 2026 via checked.be.