ROFRAMA: 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.
ROFRAMA
Largest movements
- Tangible fixed assets +€136,158
up €136,158 (+54.2%), from €251,078 to €387,235
of which Other tangible fixed assets: +€141,693
- Current investments -€100,000
down €100,000 (-33.3%), from €300,000 to €200,000
- Cash -€99,782
down €99,782 (-64.9%), from €153,851 to €54,069
mainly Investment in fixed assets (net) (-€146,919) and Receivables within one year (-€66,231)
- Receivables within one year +€66,231
up €66,231 (+863.4%), from €7,671 to €73,901
- Other debts +€20,000
up €20,000 (+55.0%), from €36,372 to €56,372
- Reserves -€14,278
down €14,278 (-3.1%), from €462,774 to €448,496
of which Distributable reserves: -€7,462
- Gross operating margin -€629,583
down €629,583, from €617,392 to -€12,192
- Depreciation +€9,839
up €9,839 (+1066.5%), from €923 to €10,761
- Financial income +€6,777
new in 2025: €6,777
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 | €712,599 | €715,205 | +€2,606 | +0.4% |
| Fixed assets | 21/28 | €251,078 | €387,235 | +€136,158 | +54.2% |
| Tangible fixed assets | 22/27 | €251,078 | €387,235 | +€136,158 | +54.2% |
| Land and buildings | 22 | €251,078 | €245,543 | -€5,535 | -2.2% |
| Other tangible fixed assets | 26 | - | €141,693 | +€141,693 | |
| Current assets | 29/58 | €461,522 | €327,970 | -€133,552 | -28.9% |
| Amounts receivable within one year | 40/41 | €7,671 | €73,901 | +€66,231 | +863.4% |
| Other amounts receivable | 41 | €7,671 | €73,901 | +€66,231 | +863.4% |
| Current investments | 50/53 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €153,851 | €54,069 | -€99,782 | -64.9% |
| Total equity and liabilities | 10/49 | €712,599 | €715,205 | +€2,606 | +0.4% |
| Equity | 10/15 | €524,774 | €509,577 | -€15,196 | -2.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €462,774 | €448,496 | -€14,278 | -3.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €449,111 | €442,296 | -€6,816 | -1.5% |
| Distributable reserves | 133 | €7,462 | - | -€7,462 | |
| Profit (loss) carried forward | 14 | - | -€918 | -€918 | |
| Provisions and deferred taxes | 16 | €149,704 | €147,432 | -€2,272 | -1.5% |
| Deferred taxes | 168 | €149,704 | €147,432 | -€2,272 | -1.5% |
| Amounts payable | 17/49 | €38,122 | €58,196 | +€20,074 | +52.7% |
| Amounts payable within one year | 42/48 | €38,122 | €58,196 | +€20,074 | +52.7% |
| Current portion of amounts payable after more than one year | 42 | €1,750 | - | -€1,750 | |
| Financial debts | 43 | - | €1,780 | +€1,780 | |
| Credit institutions | 430/8 | - | €1,780 | +€1,780 | |
| Trade debts | 44 | - | €43 | +€43 | |
| Suppliers | 440/4 | - | €43 | +€43 | |
| Other amounts payable | 47/48 | €36,372 | €56,372 | +€20,000 | +55.0% |
| Non-recurring operating income | 76A | €599,594 | - | -€599,594 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €923 | €10,761 | +€9,839 | +1066.5% |
| Other operating charges | 640/8 | €7,018 | €945 | -€6,073 | -86.5% |
| Gross operating margin | 9900 | €617,392 | -€12,192 | -€629,583 | |
| Operating profit (loss) | 9901 | €609,452 | -€23,897 | -€633,349 | |
| Financial income | 75/76B | - | €6,777 | +€6,777 | |
| Recurring financial income | 75 | - | €6,777 | +€6,777 | |
| Financial charges | 65/66B | €687 | €348 | -€339 | -49.3% |
| Recurring financial charges | 65 | €687 | €348 | -€339 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €608,765 | -€17,468 | -€626,233 | |
| Transfer from deferred taxes | 780 | €195 | €2,272 | +€2,077 | +1066.5% |
| Transfer to deferred taxes | 680 | €149,899 | - | -€149,899 | |
| Income taxes | 67/77 | €2,487 | - | -€2,487 | |
| Profit (loss) for the period | 9904 | €456,574 | -€15,196 | -€471,770 | |
| Transfer from tax-exempt reserves | 789 | €584 | €6,816 | +€6,231 | +1066.5% |
| Transfer to tax-exempt reserves | 689 | €449,696 | - | -€449,696 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,462 | -€8,380 | -€15,843 |
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 5 October 2026 via checked.be.