RODESCO: 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.
RODESCO
Largest movements
- Cash -€337,474
down €337,474 (-60.3%), from €559,888 to €222,414
mainly Current investments (-€300,000) and Contributions, distributions and other (-€300,000)
- Current investments +€300,000
new in 2025: €300,000
- Receivables within one year +€67,240
up €67,240 (+23.4%), from €287,243 to €354,483
- Stocks and contracts -€29,600
down €29,600 (-4.9%), from €602,320 to €572,720
- Tax, wage and social debts +€15,157
up €15,157 (+23.5%), from €64,455 to €79,612
of which Taxes: +€22,811
- Staff costs -€87,300
down €87,300 (-71.5%), from €122,086 to €34,786
- Gross operating margin -€22,818
down €22,818 (-4.5%), from €505,471 to €482,653
- Financial charges +€22,135
up €22,135 (+1562.1%), from €1,417 to €23,552
- Depreciation +€6,019
up €6,019 (+158.4%), from €3,800 to €9,819
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 | €1,475,011 | €1,473,039 | -€1,972 | -0.1% |
| Fixed assets | 21/28 | €24,932 | €22,763 | -€2,169 | -8.7% |
| Intangible fixed assets | 21 | - | €7,516 | +€7,516 | |
| Tangible fixed assets | 22/27 | €24,882 | €15,197 | -€9,685 | -38.9% |
| Furniture and vehicles | 24 | €24,882 | €15,197 | -€9,685 | -38.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,450,079 | €1,450,276 | +€197 | 0.0% |
| Stocks and contracts in progress | 3 | €602,320 | €572,720 | -€29,600 | -4.9% |
| Stocks | 30/36 | €602,320 | €572,720 | -€29,600 | -4.9% |
| Amounts receivable within one year | 40/41 | €287,243 | €354,483 | +€67,240 | +23.4% |
| Trade receivables | 40 | €287,243 | €354,483 | +€67,240 | +23.4% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €559,888 | €222,414 | -€337,474 | -60.3% |
| Deferred charges and accrued income | 490/1 | €628 | €659 | +€31 | +4.9% |
| Total equity and liabilities | 10/49 | €1,475,011 | €1,473,039 | -€1,972 | -0.1% |
| Equity | 10/15 | €1,070,525 | €1,059,638 | -€10,887 | -1.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €993,590 | €993,590 | = | 0.0% |
| Non-distributable reserves | 130/1 | €93,590 | €93,590 | = | 0.0% |
| Legal reserve | 130 | €93,590 | €93,590 | = | 0.0% |
| Distributable reserves | 133 | €900,000 | €900,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,935 | €4,048 | -€10,887 | -72.9% |
| Amounts payable | 17/49 | €404,486 | €413,401 | +€8,915 | +2.2% |
| Amounts payable within one year | 42/48 | €403,402 | €412,147 | +€8,745 | +2.2% |
| Trade debts | 44 | €37,987 | €31,575 | -€6,412 | -16.9% |
| Suppliers | 440/4 | €37,987 | €31,575 | -€6,412 | -16.9% |
| Taxes, remuneration and social security | 45 | €64,455 | €79,612 | +€15,157 | +23.5% |
| Taxes | 450/3 | €48,860 | €71,671 | +€22,811 | +46.7% |
| Remuneration and social security | 454/9 | €15,595 | €7,941 | -€7,654 | -49.1% |
| Other amounts payable | 47/48 | €300,960 | €300,960 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,084 | €1,254 | +€170 | +15.7% |
| Remuneration, social security and pensions | 62 | €122,086 | €34,786 | -€87,300 | -71.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,800 | €9,819 | +€6,019 | +158.4% |
| Other operating charges | 640/8 | €2,700 | €2,332 | -€368 | -13.6% |
| Non-recurring operating charges | 66A | - | €32,420 | +€32,420 | |
| Gross operating margin | 9900 | €505,471 | €482,653 | -€22,818 | -4.5% |
| Operating profit (loss) | 9901 | €376,885 | €403,296 | +€26,411 | +7.0% |
| Financial income | 75/76B | €10,318 | €6,027 | -€4,291 | -41.6% |
| Recurring financial income | 75 | €10,318 | €6,027 | -€4,291 | -41.6% |
| Financial charges | 65/66B | €1,417 | €23,552 | +€22,135 | +1562.1% |
| Recurring financial charges | 65 | €1,417 | €23,552 | +€22,135 | +1562.1% |
| Profit (loss) for the period before taxes | 9903 | €385,786 | €385,771 | -€15 | 0.0% |
| Income taxes | 67/77 | €98,680 | €96,658 | -€2,022 | -2.0% |
| Profit (loss) for the period | 9904 | €287,106 | €289,113 | +€2,007 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €287,106 | €289,113 | +€2,007 | +0.7% |
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.