ROFA: 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.
ROFA
Largest movements
- Receivables within one year -€9,021
no longer reported in 2025 (was €9,021)
- Stocks and contracts +€7,438
up €7,438 (+43.4%), from €17,123 to €24,562
- Tangible fixed assets +€6,378
up €6,378 (+395.2%), from €1,614 to €7,993
of which Other tangible fixed assets: +€6,502
- Deferred charges and accrued income +€843
new in 2025: €843
- Cash +€775
up €775 (+13.6%), from €5,697 to €6,472
mainly Trade debts (+€13,107) and Other debts (+€10,698)
- Profit (loss) carried forward -€14,365
down €14,365 (-18.1%), from -€79,446 to -€93,811
- Trade debts +€13,107
up €13,107 (+637.6%), from €2,056 to €15,163
- Other debts +€10,698
new in 2025: €10,698
- Tax, wage and social debts -€9,304
down €9,304 (-38.6%), from €24,084 to €14,780
of which Taxes: -€9,334
- Accrued charges and deferred income +€8,700
up €8,700 (+164.2%), from €5,300 to €14,000
- Staff costs +€4,691
up €4,691 (+7.0%), from €67,228 to €71,919
- Other operating charges +€1,998
up €1,998 (+13.4%), from €14,870 to €16,869
- Financial charges -€1,943
down €1,943 (-84.1%), from €2,309 to €366
- Gross operating margin +€1,599
up €1,599 (+2.2%), from €74,189 to €75,789
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 | €33,546 | €39,958 | +€6,413 | +19.1% |
| Fixed assets | 21/28 | €1,704 | €8,083 | +€6,378 | +374.3% |
| Tangible fixed assets | 22/27 | €1,614 | €7,993 | +€6,378 | +395.2% |
| Furniture and vehicles | 24 | €124 | €0 | -€124 | -100.0% |
| Other tangible fixed assets | 26 | €1,490 | €7,992 | +€6,502 | +436.3% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €31,841 | €31,876 | +€34 | +0.1% |
| Stocks and contracts in progress | 3 | €17,123 | €24,562 | +€7,438 | +43.4% |
| Stocks | 30/36 | €17,123 | €24,562 | +€7,438 | +43.4% |
| Amounts receivable within one year | 40/41 | €9,021 | - | -€9,021 | |
| Other amounts receivable | 41 | €9,021 | - | -€9,021 | |
| Cash at bank and in hand | 54/58 | €5,697 | €6,472 | +€775 | +13.6% |
| Deferred charges and accrued income | 490/1 | - | €843 | +€843 | |
| Total equity and liabilities | 10/49 | €33,546 | €39,958 | +€6,413 | +19.1% |
| Equity | 10/15 | -€59,446 | -€73,811 | -€14,365 | -24.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,446 | -€93,811 | -€14,365 | -18.1% |
| Amounts payable | 17/49 | €92,992 | €113,770 | +€20,778 | +22.3% |
| Amounts payable after more than one year | 17 | €61,552 | €59,129 | -€2,423 | -3.9% |
| Other amounts payable | 178/9 | €61,552 | €59,129 | -€2,423 | -3.9% |
| Amounts payable within one year | 42/48 | €26,140 | €40,641 | +€14,501 | +55.5% |
| Trade debts | 44 | €2,056 | €15,163 | +€13,107 | +637.6% |
| Suppliers | 440/4 | €2,056 | €15,163 | +€13,107 | +637.6% |
| Taxes, remuneration and social security | 45 | €24,084 | €14,780 | -€9,304 | -38.6% |
| Taxes | 450/3 | €19,075 | €9,742 | -€9,334 | -48.9% |
| Remuneration and social security | 454/9 | €5,009 | €5,039 | +€30 | +0.6% |
| Other amounts payable | 47/48 | - | €10,698 | +€10,698 | |
| Accrued charges and deferred income | 492/3 | €5,300 | €14,000 | +€8,700 | +164.2% |
| Remuneration, social security and pensions | 62 | €67,228 | €71,919 | +€4,691 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €634 | €1,021 | +€387 | +61.1% |
| Other operating charges | 640/8 | €14,870 | €16,869 | +€1,998 | +13.4% |
| Gross operating margin | 9900 | €74,189 | €75,789 | +€1,599 | +2.2% |
| Operating profit (loss) | 9901 | -€8,543 | -€14,020 | -€5,477 | -64.1% |
| Financial income | 75/76B | €484 | €22 | -€462 | -95.5% |
| Recurring financial income | 75 | €484 | €22 | -€462 | -95.5% |
| Financial charges | 65/66B | €2,309 | €366 | -€1,943 | -84.1% |
| Recurring financial charges | 65 | €2,309 | €366 | -€1,943 | -84.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,369 | -€14,365 | -€3,996 | -38.5% |
| Profit (loss) for the period | 9904 | -€10,369 | -€14,365 | -€3,996 | -38.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,369 | -€14,365 | -€3,996 | -38.5% |
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 29 September 2026 via checked.be.