ROFERRE: 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.
ROFERRE
Largest movements
- Financial fixed assets +€522,236
up €522,236 (+321%), from €162,764 to €685,000
- Receivables within one year +€39,929
up €39,929 (+1,102%), from €3,624 to €43,553
- Cash -€8,765
down €8,765 (-94.8%), from €9,250 to €485
mainly Investment in fixed assets (net) (-€522,236) and Contributions, distributions and other (-€475,000)
- Reserves +€518,544
up €518,544 (+298%), from €173,725 to €692,269
- Tax, wage and social debts +€32,943
new in 2025: €32,943
- Profit (loss) carried forward +€7,471
no longer reported in 2025 (was -€7,471)
- Financial income +€1.0m
up €1.0m (+730,486%), from €142 to €1.0m
- Taxes +€32,943
new in 2025: €32,943
- Gross operating margin +€3,936
up €3,936 (+60.4%), from -€6,518 to -€2,582
- Financial charges -€215
down €215 (-39.3%), from €548 to €333
- Other operating charges +€84
up €84 (+15.4%), from €548 to €632
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €175,638 | €729,038 | +€553,400 | +315% |
| Fixed assets | 21/28 | €162,764 | €685,000 | +€522,236 | +321% |
| Financial fixed assets | 28 | €162,764 | €685,000 | +€522,236 | +321% |
| Current assets | 29/58 | €12,874 | €44,038 | +€31,164 | +242% |
| Amounts receivable within one year | 40/41 | €3,624 | €43,553 | +€39,929 | +1,102% |
| Other amounts receivable | 41 | €3,624 | €43,553 | +€39,929 | +1,102% |
| Cash at bank and in hand | 54/58 | €9,250 | €485 | -€8,765 | -94.8% |
| Total equity and liabilities | 10/49 | €175,638 | €729,038 | +€553,400 | +315% |
| Equity | 10/15 | €168,753 | €694,769 | +€526,015 | +312% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €173,725 | €692,269 | +€518,544 | +298% |
| Distributable reserves | 133 | €173,725 | €692,269 | +€518,544 | +298% |
| Profit (loss) carried forward | 14 | -€7,471 | - | +€7,471 | |
| Amounts payable | 17/49 | €6,884 | €34,269 | +€27,385 | +398% |
| Amounts payable within one year | 42/48 | €2,194 | €33,390 | +€31,195 | +1,422% |
| Trade debts | 44 | €2,194 | €446 | -€1,748 | -79.7% |
| Suppliers | 440/4 | €2,194 | €446 | -€1,748 | -79.7% |
| Taxes, remuneration and social security | 45 | - | €32,943 | +€32,943 | |
| Taxes | 450/3 | - | €32,943 | +€32,943 | |
| Accrued charges and deferred income | 492/3 | €4,690 | €879 | -€3,811 | -81.2% |
| Other operating charges | 640/8 | €548 | €632 | +€84 | +15.4% |
| Gross operating margin | 9900 | -€6,518 | -€2,582 | +€3,936 | +60.4% |
| Operating profit (loss) | 9901 | -€7,065 | -€3,214 | +€3,852 | +54.5% |
| Financial income | 75/76B | €142 | €1,037,505 | +€1.0m | +730,486% |
| Recurring financial income | 75 | €142 | €1,037,505 | +€1.0m | +730,486% |
| Financial charges | 65/66B | €548 | €333 | -€215 | -39.3% |
| Recurring financial charges | 65 | €548 | €333 | -€215 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,471 | €1,033,958 | +€1.0m | |
| Income taxes | 67/77 | - | €32,943 | +€32,943 | |
| Profit (loss) for the period | 9904 | -€7,471 | €1,001,015 | +€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,471 | €1,001,015 | +€1.0m |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.