ROFRU: 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.
ROFRU
Largest movements
- Receivables within one year +€197,797
up €197,797 (+125.0%), from €158,257 to €356,054
of which Trade receivables: +€196,576
- Cash -€34,274
down €34,274 (-87.9%), from €38,974 to €4,699
mainly Receivables within one year (-€197,797) and Debts after one year (-€19,213)
- Tangible fixed assets -€10,642
down €10,642 (-17.3%), from €61,519 to €50,876
- Stocks and contracts -€9,578
down €9,578 (-7.6%), from €126,800 to €117,223
- Trade debts +€163,027
up €163,027 (+117.1%), from €139,168 to €302,196
- Debts after one year -€19,213
down €19,213 (-13.2%), from €145,163 to €125,950
- Reserves +€7,234
up €7,234 (+13.2%), from €54,868 to €62,102
- Tax, wage and social debts -€5,742
down €5,742 (-47.5%), from €12,096 to €6,354
- Gross operating margin -€20,667
down €20,667 (-35.8%), from €57,756 to €37,089
- Taxes -€6,217
down €6,217 (-62.8%), from €9,904 to €3,688
- Financial charges +€2,517
up €2,517 (+50.2%), from €5,014 to €7,531
- Other operating charges +€2,041
up €2,041 (+178.9%), from €1,141 to €3,182
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 | €386,540 | €530,245 | +€143,705 | +37.2% |
| Fixed assets | 21/28 | €61,519 | €50,876 | -€10,642 | -17.3% |
| Tangible fixed assets | 22/27 | €61,519 | €50,876 | -€10,642 | -17.3% |
| Plant, machinery and equipment | 23 | €61,519 | €50,876 | -€10,642 | -17.3% |
| Current assets | 29/58 | €325,022 | €479,369 | +€154,347 | +47.5% |
| Stocks and contracts in progress | 3 | €126,800 | €117,223 | -€9,578 | -7.6% |
| Stocks | 30/36 | €126,800 | €117,223 | -€9,578 | -7.6% |
| Amounts receivable within one year | 40/41 | €158,257 | €356,054 | +€197,797 | +125.0% |
| Trade receivables | 40 | €106,000 | €302,576 | +€196,576 | +185.4% |
| Other amounts receivable | 41 | €52,257 | €53,478 | +€1,221 | +2.3% |
| Cash at bank and in hand | 54/58 | €38,974 | €4,699 | -€34,274 | -87.9% |
| Deferred charges and accrued income | 490/1 | €991 | €1,393 | +€402 | +40.5% |
| Total equity and liabilities | 10/49 | €386,540 | €530,245 | +€143,705 | +37.2% |
| Equity | 10/15 | €64,868 | €72,102 | +€7,234 | +11.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €54,868 | €62,102 | +€7,234 | +13.2% |
| Distributable reserves | 133 | €54,868 | €62,102 | +€7,234 | +13.2% |
| Amounts payable | 17/49 | €321,672 | €458,143 | +€136,471 | +42.4% |
| Amounts payable after more than one year | 17 | €145,163 | €125,950 | -€19,213 | -13.2% |
| Financial debts | 170/4 | €145,163 | €125,950 | -€19,213 | -13.2% |
| Amounts payable within one year | 42/48 | €173,938 | €331,593 | +€157,655 | +90.6% |
| Current portion of amounts payable after more than one year | 42 | €18,738 | €19,213 | +€475 | +2.5% |
| Trade debts | 44 | €139,168 | €302,196 | +€163,027 | +117.1% |
| Suppliers | 440/4 | €139,168 | €302,196 | +€163,027 | +117.1% |
| Advances received on contracts in progress | 46 | €3,750 | €3,750 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €12,096 | €6,354 | -€5,742 | -47.5% |
| Taxes | 450/3 | €12,096 | €6,354 | -€5,742 | -47.5% |
| Other amounts payable | 47/48 | €185 | €80 | -€106 | -56.9% |
| Accrued charges and deferred income | 492/3 | €2,571 | €600 | -€1,971 | -76.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,276 | €16,523 | +€246 | +1.5% |
| Other operating charges | 640/8 | €1,141 | €3,182 | +€2,041 | +178.9% |
| Gross operating margin | 9900 | €57,756 | €37,089 | -€20,667 | -35.8% |
| Operating profit (loss) | 9901 | €40,339 | €17,384 | -€22,955 | -56.9% |
| Financial income | 75/76B | €991 | €1,068 | +€77 | +7.8% |
| Recurring financial income | 75 | €991 | €1,068 | +€77 | +7.8% |
| Financial charges | 65/66B | €5,014 | €7,531 | +€2,517 | +50.2% |
| Recurring financial charges | 65 | €5,014 | €7,531 | +€2,517 | +50.2% |
| Profit (loss) for the period before taxes | 9903 | €36,316 | €10,922 | -€25,394 | -69.9% |
| Income taxes | 67/77 | €9,904 | €3,688 | -€6,217 | -62.8% |
| Profit (loss) for the period | 9904 | €26,412 | €7,234 | -€19,178 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,412 | €7,234 | -€19,178 | -72.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.