ROFIM: 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.
ROFIM
Largest movements
- Stocks and contracts +€2.1m
up €2.1m (+1953.0%), from €109,321 to €2.2m
- Financial fixed assets -€1.6m
down €1.6m (-99.5%), from €1.6m to €7,775
- Receivables within one year -€452,672
down €452,672 (-24.0%), from €1.9m to €1.4m
of which Other amounts receivable: -€397,434
- Cash +€256,483
up €256,483 (+304.6%), from €84,206 to €340,688
mainly Investment in fixed assets (net) (+€1.4m) and Receivables within one year (+€452,672)
- Reserves +€319,635
up €319,635 (+72.2%), from €442,872 to €762,506
of which Distributable reserves: +€447,506
- Profit (loss) carried forward +€179,948
up €179,948 (+14.0%), from €1.3m to €1.5m
- Other debts -€66,944
down €66,944 (-39.3%), from €170,356 to €103,412
- Gross operating margin +€146,035
up €146,035 (+45.2%), from €322,900 to €468,936
- Other operating charges +€84,073
up €84,073 (+64.7%), from €129,876 to €213,949
- Staff costs +€46,173
new in 2025: €46,173
- Taxes +€33,438
up €33,438 (+190.4%), from €17,566 to €51,004
- Depreciation -€10,620
down €10,620 (-6.7%), from €158,749 to €148,129
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 | €5,098,890 | €5,499,919 | +€401,029 | +7.9% |
| Fixed assets | 21/28 | €3,019,433 | €1,481,651 | -€1.5m | -50.9% |
| Tangible fixed assets | 22/27 | €1,422,668 | €1,473,876 | +€51,208 | +3.6% |
| Land and buildings | 22 | €754,338 | €655,850 | -€98,488 | -13.1% |
| Other tangible fixed assets | 26 | €668,330 | €818,026 | +€149,696 | +22.4% |
| Financial fixed assets | 28 | €1,596,765 | €7,775 | -€1.6m | -99.5% |
| Current assets | 29/58 | €2,079,457 | €4,018,268 | +€1.9m | +93.2% |
| Stocks and contracts in progress | 3 | €109,321 | €2,244,321 | +€2.1m | +1953.0% |
| Stocks | 30/36 | €109,321 | €2,244,321 | +€2.1m | +1953.0% |
| Amounts receivable within one year | 40/41 | €1,885,930 | €1,433,259 | -€452,672 | -24.0% |
| Trade receivables | 40 | €88,496 | €33,259 | -€55,237 | -62.4% |
| Other amounts receivable | 41 | €1,797,434 | €1,400,000 | -€397,434 | -22.1% |
| Cash at bank and in hand | 54/58 | €84,206 | €340,688 | +€256,483 | +304.6% |
| Total equity and liabilities | 10/49 | €5,098,890 | €5,499,919 | +€401,029 | +7.9% |
| Equity | 10/15 | €4,881,967 | €5,381,550 | +€499,582 | +10.2% |
| Contributions | 10/11 | €3,150,000 | €3,150,000 | = | 0.0% |
| Capital | 10 | €3,150,000 | €3,150,000 | = | 0.0% |
| Issued capital | 100 | €3,150,000 | €3,150,000 | = | 0.0% |
| Reserves | 13 | €442,872 | €762,506 | +€319,635 | +72.2% |
| Non-distributable reserves | 130/1 | €315,000 | €315,000 | = | 0.0% |
| Legal reserve | 130 | €315,000 | €315,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €127,872 | - | -€127,872 | |
| Distributable reserves | 133 | - | €447,506 | +€447,506 | |
| Profit (loss) carried forward | 14 | €1,289,096 | €1,469,044 | +€179,948 | +14.0% |
| Provisions and deferred taxes | 16 | €42,624 | - | -€42,624 | |
| Deferred taxes | 168 | €42,624 | - | -€42,624 | |
| Amounts payable | 17/49 | €174,299 | €118,369 | -€55,930 | -32.1% |
| Amounts payable within one year | 42/48 | €174,299 | €118,369 | -€55,930 | -32.1% |
| Trade debts | 44 | €3,943 | €3,331 | -€612 | -15.5% |
| Suppliers | 440/4 | €3,943 | €3,331 | -€612 | -15.5% |
| Taxes, remuneration and social security | 45 | - | €11,626 | +€11,626 | |
| Taxes | 450/3 | - | €11,626 | +€11,626 | |
| Other amounts payable | 47/48 | €170,356 | €103,412 | -€66,944 | -39.3% |
| Remuneration, social security and pensions | 62 | - | €46,173 | +€46,173 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,749 | €148,129 | -€10,620 | -6.7% |
| Other operating charges | 640/8 | €129,876 | €213,949 | +€84,073 | +64.7% |
| Non-recurring operating charges | 66A | €5,000 | - | -€5,000 | |
| Gross operating margin | 9900 | €322,900 | €468,936 | +€146,035 | +45.2% |
| Operating profit (loss) | 9901 | €29,276 | €60,684 | +€31,408 | +107.3% |
| Financial charges | 65/66B | €85 | €228 | +€143 | +168.2% |
| Recurring financial charges | 65 | €85 | €228 | +€143 | +168.2% |
| Profit (loss) for the period before taxes | 9903 | €29,191 | €60,456 | +€31,265 | +107.1% |
| Transfer from deferred taxes | 780 | €10,252 | €42,624 | +€32,372 | +315.7% |
| Income taxes | 67/77 | €17,566 | €51,004 | +€33,438 | +190.4% |
| Profit (loss) for the period | 9904 | €21,878 | €52,076 | +€30,199 | +138.0% |
| Transfer from tax-exempt reserves | 789 | €30,757 | €127,872 | +€97,115 | +315.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,635 | €179,948 | +€127,313 | +241.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.