RODWIG: 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.
RODWIG
Largest movements
- Deferred charges and accrued income +€17,548
up €17,548 (+1226.0%), from €1,431 to €18,979
- Receivables within one year +€6,003
up €6,003 (+127.5%), from €4,710 to €10,714
of which Trade receivables: +€5,975
- Cash -€3,267
down €3,267 (-22.1%), from €14,778 to €11,512
mainly Deferred charges and accrued income (-€17,548) and Trade debts (-€7,301)
- Formation expenses -€907
down €907 (-80.0%), from €1,133 to €227
- Other debts +€13,798
up €13,798 (+76.8%), from €17,955 to €31,753
- Profit (loss) carried forward +€9,172
up €9,172 (+85.0%), from -€10,793 to -€1,621
- Trade debts -€7,301
down €7,301 (-70.0%), from €10,427 to €3,127
- Tax, wage and social debts +€3,484
up €3,484 (+77.6%), from €4,488 to €7,973
of which Remuneration and social security: +€2,091
- Gross operating margin +€25,489
up €25,489, from -€4,404 to €21,085
- Other operating charges +€6,023
up €6,023 (+3400.7%), from €177 to €6,200
- Taxes +€1,768
up €1,768 (+1381.5%), from €128 to €1,896
- Financial charges +€1,529
up €1,529 (+129.0%), from €1,185 to €2,714
- Depreciation -€368
down €368 (-62.1%), from €592 to €224
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 | €24,078 | €43,231 | +€19,153 | +79.5% |
| Formation expenses | 20 | €1,133 | €227 | -€907 | -80.0% |
| Fixed assets | 21/28 | €2,024 | €1,800 | -€224 | -11.1% |
| Tangible fixed assets | 22/27 | €224 | €0 | -€224 | -100.0% |
| Furniture and vehicles | 24 | €224 | €0 | -€224 | -100.0% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €20,920 | €41,204 | +€20,284 | +97.0% |
| Amounts receivable within one year | 40/41 | €4,710 | €10,714 | +€6,003 | +127.5% |
| Trade receivables | 40 | €2,838 | €8,813 | +€5,975 | +210.5% |
| Other amounts receivable | 41 | €1,872 | €1,901 | +€29 | +1.5% |
| Cash at bank and in hand | 54/58 | €14,778 | €11,512 | -€3,267 | -22.1% |
| Deferred charges and accrued income | 490/1 | €1,431 | €18,979 | +€17,548 | +1226.0% |
| Total equity and liabilities | 10/49 | €24,078 | €43,231 | +€19,153 | +79.5% |
| Equity | 10/15 | -€8,793 | €379 | +€9,172 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,793 | -€1,621 | +€9,172 | +85.0% |
| Amounts payable | 17/49 | €32,871 | €42,852 | +€9,982 | +30.4% |
| Amounts payable within one year | 42/48 | €32,871 | €42,852 | +€9,982 | +30.4% |
| Trade debts | 44 | €10,427 | €3,127 | -€7,301 | -70.0% |
| Suppliers | 440/4 | €10,427 | €3,127 | -€7,301 | -70.0% |
| Taxes, remuneration and social security | 45 | €4,488 | €7,973 | +€3,484 | +77.6% |
| Taxes | 450/3 | €4,488 | €5,881 | +€1,393 | +31.0% |
| Remuneration and social security | 454/9 | - | €2,091 | +€2,091 | |
| Other amounts payable | 47/48 | €17,955 | €31,753 | +€13,798 | +76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €592 | €224 | -€368 | -62.1% |
| Other operating charges | 640/8 | €177 | €6,200 | +€6,023 | +3400.7% |
| Non-recurring operating charges | 66A | - | €907 | +€907 | |
| Gross operating margin | 9900 | -€4,404 | €21,085 | +€25,489 | |
| Operating profit (loss) | 9901 | -€5,173 | €13,754 | +€18,927 | |
| Financial income | 75/76B | - | €29 | +€29 | |
| Recurring financial income | 75 | - | €29 | +€29 | |
| Financial charges | 65/66B | €1,185 | €2,714 | +€1,529 | +129.0% |
| Recurring financial charges | 65 | €1,185 | €2,714 | +€1,529 | +129.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,358 | €11,068 | +€17,426 | |
| Income taxes | 67/77 | €128 | €1,896 | +€1,768 | +1381.5% |
| Profit (loss) for the period | 9904 | -€6,486 | €9,172 | +€15,658 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,486 | €9,172 | +€15,658 |
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.