ROF INVEST: what changed
What changed
ROF INVEST
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€159,915
2024 · -€71,135-€88,780
Equity
€599,160
2024 · €759,075-€159,915
Cash
€120,327
2024 · €331,479-€211,153
Balance sheet total
€4.9m
2024 · €4.8m+€66,424
Largest movements
Assets
- Stocks and contracts +€341,191
up €341,191 (+38.2%), from €893,124 to €1.2m
- Cash -€211,153
down €211,153 (-63.7%), from €331,479 to €120,327
mainly Short-term financial debts (-€893,890) and Stocks and contracts (-€341,191)
- Tangible fixed assets -€53,524
down €53,524 (-1.6%), from €3.4m to €3.3m
of which Land and buildings: -€73,769
Equity and liabilities
- Debts after one year +€1.1m
up €1.1m (+85.4%), from €1.2m to €2.3m
of which Financial debts: +€1.1m
- Short-term financial debts -€893,890
down €893,890 (-44.7%), from €2.0m to €1.1m
- Profit (loss) carried forward -€159,915
down €159,915 (-66.5%), from €240,475 to €80,560
- Tax, wage and social debts -€68,019
down €68,019 (-94.0%), from €72,337 to €4,318
- Other debts +€57,401
up €57,401 (+9.9%), from €580,685 to €638,086
Income statement
- Gross operating margin -€247,015
down €247,015 (-71.6%), from €345,030 to €98,015
- Depreciation -€146,430
down €146,430 (-54.8%), from €267,267 to €120,837
- Other operating charges -€14,729
down €14,729 (-61.4%), from €23,992 to €9,262
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€71,135
Gross operating margin
-€247,015
Staff costs
+€148
Depreciation
+€146,430
Other operating charges
+€14,729
Financial income
-€216
Financial charges
-€2,265
Taxes
-€591
Result 2025
-€159,915
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€353,692
Investment
-€67,313
Financing
+€209,852
Cash 2024
€331,479
From operations (derived)
-€353,692
Net result for the year
-€159,915
Depreciation
+€120,837
Stocks and contracts
-€341,191
Receivables within one year
+€10,091
Trade debts
+€26,106
Tax, wage and social debts
-€68,019
Other debts
+€57,401
Accrued charges and deferred income
+€998
Investment (derived)
-€67,313
Investment in fixed assets (net)
-€67,313
Financing
+€209,852
Debts after one year
+€1.1m
Current portion of long-term debt
+€48,603
Short-term financial debts
-€893,890
Cash 2025
€120,327
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,808,305 | €4,874,729 | +€66,424 | +1.4% |
| Fixed assets | 21/28 | €3,403,402 | €3,349,878 | -€53,524 | -1.6% |
| Tangible fixed assets | 22/27 | €3,402,902 | €3,349,378 | -€53,524 | -1.6% |
| Land and buildings | 22 | €3,402,902 | €3,329,134 | -€73,769 | -2.2% |
| Plant, machinery and equipment | 23 | - | €4,271 | +€4,271 | |
| Furniture and vehicles | 24 | - | €11,834 | +€11,834 | |
| Other tangible fixed assets | 26 | - | €4,140 | +€4,140 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,404,903 | €1,524,851 | +€119,948 | +8.5% |
| Amounts receivable after more than one year | 29 | €40,341 | €40,341 | = | 0.0% |
| Other amounts receivable | 291 | €40,341 | €40,341 | = | 0.0% |
| Stocks and contracts in progress | 3 | €893,124 | €1,234,315 | +€341,191 | +38.2% |
| Stocks | 30/36 | €893,124 | €1,234,315 | +€341,191 | +38.2% |
| Amounts receivable within one year | 40/41 | €139,812 | €129,721 | -€10,091 | -7.2% |
| Trade receivables | 40 | €59,250 | €54,327 | -€4,924 | -8.3% |
| Other amounts receivable | 41 | €80,562 | €75,394 | -€5,167 | -6.4% |
| Cash at bank and in hand | 54/58 | €331,479 | €120,327 | -€211,153 | -63.7% |
| Deferred charges and accrued income | 490/1 | €148 | €148 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,808,305 | €4,874,729 | +€66,424 | +1.4% |
| Equity | 10/15 | €759,075 | €599,160 | -€159,915 | -21.1% |
| Contributions | 10/11 | €518,600 | €518,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €240,475 | €80,560 | -€159,915 | -66.5% |
| Amounts payable | 17/49 | €4,049,230 | €4,275,569 | +€226,339 | +5.6% |
| Amounts payable after more than one year | 17 | €1,235,693 | €2,290,832 | +€1.1m | +85.4% |
| Financial debts | 170/4 | €1,227,793 | €2,282,932 | +€1.1m | +85.9% |
| Other amounts payable | 178/9 | €7,900 | €7,900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,813,537 | €1,983,739 | -€829,799 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €74,560 | €123,163 | +€48,603 | +65.2% |
| Financial debts | 43 | €2,001,890 | €1,108,000 | -€893,890 | -44.7% |
| Credit institutions | 430/8 | €2,001,890 | €1,108,000 | -€893,890 | -44.7% |
| Trade debts | 44 | €84,065 | €110,171 | +€26,106 | +31.1% |
| Suppliers | 440/4 | €84,065 | €110,171 | +€26,106 | +31.1% |
| Taxes, remuneration and social security | 45 | €72,337 | €4,318 | -€68,019 | -94.0% |
| Taxes | 450/3 | €72,337 | €4,318 | -€68,019 | -94.0% |
| Other amounts payable | 47/48 | €580,685 | €638,086 | +€57,401 | +9.9% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Remuneration, social security and pensions | 62 | €148 | - | -€148 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267,267 | €120,837 | -€146,430 | -54.8% |
| Other operating charges | 640/8 | €23,992 | €9,262 | -€14,729 | -61.4% |
| Gross operating margin | 9900 | €345,030 | €98,015 | -€247,015 | -71.6% |
| Operating profit (loss) | 9901 | €53,624 | -€32,084 | -€85,708 | |
| Financial income | 75/76B | €308 | €92 | -€216 | -70.0% |
| Recurring financial income | 75 | €308 | €92 | -€216 | -70.0% |
| Financial charges | 65/66B | €125,658 | €127,923 | +€2,265 | +1.8% |
| Recurring financial charges | 65 | €125,658 | €127,923 | +€2,265 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€71,726 | -€159,915 | -€88,189 | -123% |
| Income taxes | 67/77 | -€591 | - | +€591 | |
| Profit (loss) for the period | 9904 | -€71,135 | -€159,915 | -€88,780 | -125% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,135 | -€159,915 | -€88,780 | -125% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.