RODERCO: 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
RODERCO
NACE 35.150, Electricity, gas, steam and air conditioning supply
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€30,644
2024 · €26,183-€56,827
Equity
€848,504
2024 · €879,147-€30,644
Cash
€30,972
2024 · €44,688-€13,717
Balance sheet total
€3.5m
2024 · €3.7m-€144,861
Largest movements
Assets
- Tangible fixed assets -€153,852
down €153,852 (-4.3%), from €3.6m to €3.5m
of which Land and buildings: -€128,015
Equity and liabilities
- Short-term financial debts -€100,000
down €100,000 (-100%), from €100,000 to €0
- Other debts -€43,635
down €43,635 (-1.6%), from €2.7m to €2.6m
Income statement
- Gross operating margin +€74,143
up €74,143 (+61.3%), from €121,031 to €195,174
- Financial charges -€2,755
down €2,755 (-9.8%), from €27,990 to €25,234
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
€26,183
Gross operating margin
+€74,143
Depreciation
-€298
Other operating charges
-€997
Financial income
-€1
Financial charges
+€2,755
Taxes
+€10
Deferred taxes and other
-€132,441
Result 2025
-€30,644
raises the resultlowers the resultnot broken down further in the accounts
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
+€99,047
Investment
-€12,764
Financing
-€100,000
Cash 2024
€44,688
From operations (derived)
+€99,047
Net result for the year
-€30,644
Depreciation
+€166,616
Receivables within one year
-€18,481
Deferred charges and accrued income
-€4,227
Trade debts
+€4,597
Tax, wage and social debts
+€25,771
Other debts
-€43,635
Accrued charges and deferred income
-€950
Investment (derived)
-€12,764
Investment in fixed assets (net)
-€12,764
Financing
-€100,000
Short-term financial debts
-€100,000
Cash 2025
€30,972
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,687,054 | €3,542,193 | -€144,861 | -3.9% |
| Fixed assets | 21/28 | €3,619,557 | €3,465,705 | -€153,852 | -4.3% |
| Tangible fixed assets | 22/27 | €3,619,185 | €3,465,334 | -€153,852 | -4.3% |
| Land and buildings | 22 | €3,462,222 | €3,334,207 | -€128,015 | -3.7% |
| Plant, machinery and equipment | 23 | €133,806 | €114,132 | -€19,674 | -14.7% |
| Furniture and vehicles | 24 | €12,872 | €6,710 | -€6,162 | -47.9% |
| Other tangible fixed assets | 26 | €10,285 | €10,285 | = | 0.0% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €67,496 | €76,487 | +€8,991 | +13.3% |
| Amounts receivable within one year | 40/41 | €10,293 | €28,773 | +€18,481 | +180% |
| Trade receivables | 40 | €762 | €802 | +€40 | +5.2% |
| Other amounts receivable | 41 | €9,530 | €27,971 | +€18,441 | +193% |
| Cash at bank and in hand | 54/58 | €44,688 | €30,972 | -€13,717 | -30.7% |
| Deferred charges and accrued income | 490/1 | €12,515 | €16,742 | +€4,227 | +33.8% |
| Total equity and liabilities | 10/49 | €3,687,054 | €3,542,193 | -€144,861 | -3.9% |
| Equity | 10/15 | €879,147 | €848,504 | -€30,644 | -3.5% |
| Contributions | 10/11 | €1,126,000 | €1,126,000 | = | 0.0% |
| Capital | 10 | €1,126,000 | €1,126,000 | = | 0.0% |
| Issued capital | 100 | €1,126,000 | €1,126,000 | = | 0.0% |
| Reserves | 13 | €2,495 | €2,495 | = | 0.0% |
| Non-distributable reserves | 130/1 | €310 | €310 | = | 0.0% |
| Legal reserve | 130 | €310 | €310 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €2,185 | €2,185 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€249,347 | -€279,991 | -€30,644 | -12.3% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €2,807,906 | €2,693,689 | -€114,217 | -4.1% |
| Amounts payable within one year | 42/48 | €2,806,956 | €2,693,689 | -€113,267 | -4.0% |
| Financial debts | 43 | €100,000 | €0 | -€100,000 | -100% |
| Credit institutions | 430/8 | €100,000 | €0 | -€100,000 | -100% |
| Trade debts | 44 | €7,541 | €12,138 | +€4,597 | +61.0% |
| Suppliers | 440/4 | €7,541 | €12,138 | +€4,597 | +61.0% |
| Taxes, remuneration and social security | 45 | €15,655 | €41,426 | +€25,771 | +165% |
| Taxes | 450/3 | €15,655 | €39,676 | +€24,021 | +153% |
| Remuneration and social security | 454/9 | €0 | €1,750 | +€1,750 | |
| Other amounts payable | 47/48 | €2,683,760 | €2,640,125 | -€43,635 | -1.6% |
| Accrued charges and deferred income | 492/3 | €950 | €0 | -€950 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,318 | €166,616 | +€298 | +0.2% |
| Other operating charges | 640/8 | €32,878 | €33,875 | +€997 | +3.0% |
| Gross operating margin | 9900 | €121,031 | €195,174 | +€74,143 | +61.3% |
| Operating profit (loss) | 9901 | -€78,165 | -€5,317 | +€72,849 | +93.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €27,990 | €25,234 | -€2,755 | -9.8% |
| Recurring financial charges | 65 | €27,990 | €25,234 | -€2,755 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€106,155 | -€30,551 | +€75,604 | +71.2% |
| Transfer from deferred taxes | 780 | €132,441 | €0 | -€132,441 | -100% |
| Income taxes | 67/77 | €103 | €93 | -€10 | -9.8% |
| Profit (loss) for the period | 9904 | €26,183 | -€30,644 | -€56,827 | |
| Transfer from tax-exempt reserves | 789 | €257,205 | €0 | -€257,205 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €283,389 | -€30,644 | -€314,032 |
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 15 October 2026 via checked.be.