RoFra: 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.
RoFra
Largest movements
- Cash -€24,007
down €24,007 (-67.2%), from €35,737 to €11,729
mainly Investment in fixed assets (net) (-€20,708) and Debts after one year (-€10,778)
- Tangible fixed assets +€11,185
up €11,185 (+3.5%), from €323,131 to €334,317
- Debts after one year -€10,778
down €10,778 (-1.9%), from €561,704 to €550,926
- Gross operating margin -€79,520
down €79,520 (-88.5%), from €89,903 to €10,383
- Financial charges -€10,194
down €10,194 (-59.4%), from €17,156 to €6,962
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 | €958,868 | €946,046 | -€12,822 | -1.3% |
| Fixed assets | 21/28 | €923,131 | €934,317 | +€11,185 | +1.2% |
| Tangible fixed assets | 22/27 | €323,131 | €334,317 | +€11,185 | +3.5% |
| Land and buildings | 22 | €323,131 | €334,317 | +€11,185 | +3.5% |
| Financial fixed assets | 28 | €600,000 | €600,000 | = | 0.0% |
| Current assets | 29/58 | €35,737 | €11,729 | -€24,007 | -67.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €35,737 | €11,729 | -€24,007 | -67.2% |
| Total equity and liabilities | 10/49 | €958,868 | €946,046 | -€12,822 | -1.3% |
| Equity | 10/15 | -€15,732 | -€23,723 | -€7,990 | -50.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,732 | -€33,723 | -€7,990 | -31.1% |
| Amounts payable | 17/49 | €974,601 | €969,769 | -€4,832 | -0.5% |
| Amounts payable after more than one year | 17 | €561,704 | €550,926 | -€10,778 | -1.9% |
| Financial debts | 170/4 | €561,704 | €550,926 | -€10,778 | -1.9% |
| Amounts payable within one year | 42/48 | €412,897 | €418,043 | +€5,146 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €52,750 | €54,042 | +€1,293 | +2.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €147 | €401 | +€253 | +172% |
| Suppliers | 440/4 | €147 | €401 | +€253 | +172% |
| Other amounts payable | 47/48 | €360,000 | €363,600 | +€3,600 | +1.0% |
| Accrued charges and deferred income | 492/3 | €0 | €800 | +€800 | |
| Non-recurring operating income | 76A | €86,883 | €0 | -€86,883 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,078 | €9,523 | +€445 | +4.9% |
| Other operating charges | 640/8 | €1,030 | €1,888 | +€858 | +83.4% |
| Gross operating margin | 9900 | €89,903 | €10,383 | -€79,520 | -88.5% |
| Operating profit (loss) | 9901 | €79,795 | -€1,028 | -€80,823 | |
| Financial charges | 65/66B | €17,156 | €6,962 | -€10,194 | -59.4% |
| Recurring financial charges | 65 | €17,156 | €6,962 | -€10,194 | -59.4% |
| Profit (loss) for the period before taxes | 9903 | €62,639 | -€7,990 | -€70,629 | |
| Profit (loss) for the period | 9904 | €62,639 | -€7,990 | -€70,629 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,639 | -€7,990 | -€70,629 |
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 13 October 2026 via checked.be.