ROFRA: 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.
ROFRA
Largest movements
- Current investments -€180,658
down €180,658 (-65.7%), from €274,812 to €94,154
- Tangible fixed assets -€3,481
no longer reported in 2025 (was €3,481)
of which Furniture and vehicles: -€3,450
- Reserves -€188,161
down €188,161 (-91.4%), from €205,910 to €17,749
- Provisions +€4,000
new in 2025: €4,000
- Gross operating margin -€57,112
down €57,112 (-64.6%), from €88,407 to €31,295
- Taxes -€13,056
down €13,056 (-59.5%), from €21,938 to €8,882
- Provisions +€4,000
new in 2025: €4,000
- Depreciation -€3,754
no longer reported in 2025 (was €3,754)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €280,460 | €94,179 | -€186,280 | -66.4% |
| Fixed assets | 21/28 | €3,521 | - | -€3,521 | |
| Tangible fixed assets | 22/27 | €3,481 | - | -€3,481 | |
| Plant, machinery and equipment | 23 | €31 | - | -€31 | |
| Furniture and vehicles | 24 | €3,450 | - | -€3,450 | |
| Financial fixed assets | 28 | €40 | - | -€40 | |
| Current assets | 29/58 | €276,939 | €94,179 | -€182,760 | -66.0% |
| Amounts receivable within one year | 40/41 | €2,127 | €25 | -€2,102 | -98.8% |
| Other amounts receivable | 41 | €2,127 | €25 | -€2,102 | -98.8% |
| Current investments | 50/53 | €274,812 | €94,154 | -€180,658 | -65.7% |
| Total equity and liabilities | 10/49 | €280,460 | €94,179 | -€186,280 | -66.4% |
| Equity | 10/15 | €208,410 | €20,249 | -€188,161 | -90.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €205,910 | €17,749 | -€188,161 | -91.4% |
| Distributable reserves | 133 | €205,910 | €17,749 | -€188,161 | -91.4% |
| Provisions and deferred taxes | 16 | - | €4,000 | +€4,000 | |
| Provisions for liabilities and charges | 160/5 | - | €4,000 | +€4,000 | |
| Other liabilities and charges | 164/5 | - | €4,000 | +€4,000 | |
| Amounts payable | 17/49 | €72,049 | €69,930 | -€2,119 | -2.9% |
| Amounts payable within one year | 42/48 | €72,049 | €69,930 | -€2,119 | -2.9% |
| Trade debts | 44 | €1,063 | - | -€1,063 | |
| Suppliers | 440/4 | €1,063 | - | -€1,063 | |
| Taxes, remuneration and social security | 45 | €9,938 | €8,882 | -€1,056 | -10.6% |
| Taxes | 450/3 | €9,938 | €8,882 | -€1,056 | -10.6% |
| Other amounts payable | 47/48 | €61,048 | €61,048 | = | 0.0% |
| Non-recurring operating income | 76A | - | €35,069 | +€35,069 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,754 | - | -€3,754 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €4,000 | +€4,000 | |
| Other operating charges | 640/8 | €1,000 | €520 | -€481 | -48.0% |
| Gross operating margin | 9900 | €88,407 | €31,295 | -€57,112 | -64.6% |
| Operating profit (loss) | 9901 | €83,653 | €26,775 | -€56,878 | -68.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | +6900.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +6900.0% |
| Financial charges | 65/66B | €145 | €145 | +€0 | +0.2% |
| Recurring financial charges | 65 | €145 | €145 | +€0 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €83,508 | €26,631 | -€56,877 | -68.1% |
| Income taxes | 67/77 | €21,938 | €8,882 | -€13,056 | -59.5% |
| Profit (loss) for the period | 9904 | €61,570 | €17,749 | -€43,821 | -71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,570 | €17,749 | -€43,821 | -71.2% |
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 6 October 2026 via checked.be.