ROGER 1937: 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.
ROGER 1937
Largest movements
- Current investments -€57,373
down €57,373 (-96.5%), from €59,481 to €2,107
- Cash +€34,926
new in 2025: €34,926
mainly Current investments (+€57,373) and Net result for the year (+€20,262)
- Intangible fixed assets -€11,000
down €11,000 (-22.8%), from €48,238 to €37,238
- Deferred charges and accrued income -€4,111
down €4,111 (-100%), from €4,111 to €0
- Tangible fixed assets -€3,715
down €3,715 (-3.1%), from €119,496 to €115,781
of which Land and buildings: -€3,425
- Tax, wage and social debts -€21,486
down €21,486 (-36.7%), from €58,593 to €37,106
of which Remuneration and social security: -€19,067
- Profit (loss) carried forward +€20,262
up €20,262 (+40.4%), from -€50,192 to -€29,931
- Other debts -€20,041
down €20,041 (-39.9%), from €50,271 to €30,230
- Debts after one year -€19,823
down €19,823 (-13.2%), from €150,469 to €130,646
- Gross operating margin +€156,609
up €156,609 (+65.9%), from €237,572 to €394,181
- Staff costs +€123,431
up €123,431 (+55.5%), from €222,544 to €345,975
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 | €260,283 | €216,232 | -€44,051 | -16.9% |
| Fixed assets | 21/28 | €167,734 | €153,019 | -€14,715 | -8.8% |
| Intangible fixed assets | 21 | €48,238 | €37,238 | -€11,000 | -22.8% |
| Tangible fixed assets | 22/27 | €119,496 | €115,781 | -€3,715 | -3.1% |
| Land and buildings | 22 | €118,676 | €115,251 | -€3,425 | -2.9% |
| Plant, machinery and equipment | 23 | €167 | €20 | -€147 | -88.3% |
| Furniture and vehicles | 24 | €653 | €511 | -€142 | -21.8% |
| Current assets | 29/58 | €92,550 | €63,213 | -€29,337 | -31.7% |
| Amounts receivable within one year | 40/41 | €28,958 | €26,180 | -€2,778 | -9.6% |
| Trade receivables | 40 | €28,958 | €26,180 | -€2,778 | -9.6% |
| Current investments | 50/53 | €59,481 | €2,107 | -€57,373 | -96.5% |
| Cash at bank and in hand | 54/58 | - | €34,926 | +€34,926 | |
| Deferred charges and accrued income | 490/1 | €4,111 | €0 | -€4,111 | -100% |
| Total equity and liabilities | 10/49 | €260,283 | €216,232 | -€44,051 | -16.9% |
| Equity | 10/15 | -€30,192 | -€9,931 | +€20,262 | +67.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,192 | -€29,931 | +€20,262 | +40.4% |
| Amounts payable | 17/49 | €290,475 | €226,162 | -€64,313 | -22.1% |
| Amounts payable after more than one year | 17 | €150,469 | €130,646 | -€19,823 | -13.2% |
| Financial debts | 170/4 | €150,469 | €130,646 | -€19,823 | -13.2% |
| Amounts payable within one year | 42/48 | €140,006 | €95,517 | -€44,490 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €21,789 | €19,823 | -€1,966 | -9.0% |
| Trade debts | 44 | €9,354 | €8,357 | -€997 | -10.7% |
| Suppliers | 440/4 | €9,354 | €8,357 | -€997 | -10.7% |
| Taxes, remuneration and social security | 45 | €58,593 | €37,106 | -€21,486 | -36.7% |
| Taxes | 450/3 | €34,200 | €31,780 | -€2,420 | -7.1% |
| Remuneration and social security | 454/9 | €24,393 | €5,327 | -€19,067 | -78.2% |
| Other amounts payable | 47/48 | €50,271 | €30,230 | -€20,041 | -39.9% |
| Remuneration, social security and pensions | 62 | €222,544 | €345,975 | +€123,431 | +55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,192 | €14,715 | +€2,523 | +20.7% |
| Other operating charges | 640/8 | €4,817 | €7,855 | +€3,038 | +63.1% |
| Gross operating margin | 9900 | €237,572 | €394,181 | +€156,609 | +65.9% |
| Operating profit (loss) | 9901 | -€1,980 | €25,636 | +€27,616 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -86.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -86.7% |
| Financial charges | 65/66B | €6,531 | €5,374 | -€1,156 | -17.7% |
| Recurring financial charges | 65 | €6,531 | €5,374 | -€1,156 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,511 | €20,262 | +€28,773 | |
| Profit (loss) for the period | 9904 | -€8,511 | €20,262 | +€28,773 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,511 | €20,262 | +€28,773 |
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 19 October 2026 via checked.be.