ROGER & ROGER: 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.
What changed
ROGER & ROGER
NACE 10.311, Manufacture of food products
financial year 2023 compared with 2022filed annual accounts (NBB)
Net result for the year
€18.9m
2022 · €8.7m+€10.2m
Equity
€64.6m
2022 · €51.1m+€13.5m
Cash
€12.6m
2022 · €2.5m+€10.1m
Balance sheet total
€117.9m
2022 · €93.3m+€24.6m
Largest movements
Assets
- Cash +€10.1m
up €10.1m (+399%), from €2.5m to €12.6m
mainly Net result for the year (+€18.9m) and Trade debts (+€9.9m)
- Current investments +€9.0m
new in 2023: €9.0m
- Receivables within one year +€4.3m
up €4.3m (+9.7%), from €44.1m to €48.4m
of which Trade receivables: +€2.7m
Equity and liabilities
- Reserves +€13.5m
up €13.5m (+27.7%), from €48.7m to €62.2m
of which Distributable reserves: +€12.5m
- Trade debts +€9.9m
up €9.9m (+37.7%), from €26.1m to €36.0m
- Other debts +€4.9m
up €4.9m (+1,037%), from €475,059 to €5.4m
- Short-term financial debts -€4.5m
down €4.5m (-88.1%), from €5.1m to €607,804
Income statement
- Turnover +€60.0m
up €60.0m (+27.1%), from €221.2m to €281.3m
- Goods and materials +€39.5m
up €39.5m (+29.6%), from €133.4m to €172.9m
of which Purchases: +€36.1m
- Services and other goods +€8.7m
up €8.7m (+16.1%), from €54.0m to €62.7m
- Staff costs +€3.5m
up €3.5m (+18.6%), from €18.7m to €22.2m
From the 2022 result to the 2023 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.
Result 2022
€8.7m
Turnover
+€60.0m
Other operating income
-€157,213
Goods and materials
-€39.5m
Services and other goods
-€8.7m
Staff costs
-€3.5m
Depreciation
-€238,243
Other operating charges
+€54,734
Other operating items
+€666,679
Financial income
+€537,970
Financial charges
+€728,309
Taxes
+€228,052
Result 2023
€18.9m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€33.4m
Investment
-€13.1m
Financing
-€10.2m
Cash 2022
€2.5m
From operations (derived)
+€33.4m
Net result for the year
+€18.9m
Depreciation
+€3.3m
Stocks and contracts
+€246,715
Receivables within one year
-€4.3m
Deferred charges and accrued income
-€656,135
Trade debts
+€9.9m
Tax, wage and social debts
+€1.0m
Other debts
+€4.9m
Accrued charges and deferred income
+€174,842
Investment (derived)
-€13.1m
Investment in fixed assets (net)
-€4.1m
Current investments
-€9.0m
Financing
-€10.2m
Debts after one year
-€256,378
Current portion of long-term debt
-€68,714
Short-term financial debts
-€4.5m
Contributions, distributions and other
-€5.4m
Cash 2023
€12.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,266,928 | €117,889,838 | +€24.6m | +26.4% |
| Fixed assets | 21/28 | €35,218,480 | €36,048,217 | +€829,738 | +2.4% |
| Tangible fixed assets | 22/27 | €15,590,922 | €15,963,126 | +€372,204 | +2.4% |
| Land and buildings | 22 | €8,096,142 | €7,785,551 | -€310,591 | -3.8% |
| Plant, machinery and equipment | 23 | €6,390,948 | €7,188,961 | +€798,013 | +12.5% |
| Furniture and vehicles | 24 | €38,955 | €262,400 | +€223,445 | +574% |
| Leasing and similar rights | 25 | €1,064,878 | €726,214 | -€338,664 | -31.8% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €19,627,558 | €20,085,092 | +€457,534 | +2.3% |
| Affiliated companies | 280/1 | €19,626,638 | €20,083,172 | +€456,534 | +2.3% |
| Participating interests | 280 | €10,605,065 | €10,605,065 | = | 0.0% |
| Amounts receivable | 281 | €9,021,573 | €9,478,107 | +€456,534 | +5.1% |
| Other financial fixed assets | 284/8 | €920 | €1,920 | +€1,000 | +109% |
| Amounts receivable and cash guarantees | 285/8 | €920 | €1,920 | +€1,000 | +109% |
| Current assets | 29/58 | €58,048,449 | €81,841,621 | +€23.8m | +41.0% |
| Stocks and contracts in progress | 3 | €10,302,504 | €10,055,790 | -€246,715 | -2.4% |
| Stocks | 30/36 | €10,302,504 | €10,055,790 | -€246,715 | -2.4% |
| Raw materials and consumables | 30/31 | €7,299,454 | €6,438,141 | -€861,313 | -11.8% |
| Finished goods | 33 | €3,003,050 | €3,617,648 | +€614,598 | +20.5% |
| Amounts receivable within one year | 40/41 | €44,106,130 | €48,398,626 | +€4.3m | +9.7% |
| Trade receivables | 40 | €40,462,079 | €43,115,168 | +€2.7m | +6.6% |
| Other amounts receivable | 41 | €3,644,051 | €5,283,459 | +€1.6m | +45.0% |
| Current investments | 50/53 | - | €9,000,000 | +€9.0m | |
| Other investments | 51/53 | - | €9,000,000 | +€9.0m | |
| Cash at bank and in hand | 54/58 | €2,531,132 | €12,622,388 | +€10.1m | +399% |
| Deferred charges and accrued income | 490/1 | €1,108,682 | €1,764,817 | +€656,135 | +59.2% |
| Total equity and liabilities | 10/49 | €93,266,928 | €117,889,838 | +€24.6m | +26.4% |
| Equity | 10/15 | €51,098,530 | €64,558,242 | +€13.5m | +26.3% |
| Contributions | 10/11 | €2,050,000 | €2,050,000 | = | 0.0% |
| Capital | 10 | €2,050,000 | €2,050,000 | = | 0.0% |
| Issued capital | 100 | €2,050,000 | €2,050,000 | = | 0.0% |
| Reserves | 13 | €48,711,221 | €62,181,531 | +€13.5m | +27.7% |
| Non-distributable reserves | 130/1 | €335,000 | €335,000 | = | 0.0% |
| Legal reserve | 130 | €335,000 | €335,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,370,233 | €25,370,233 | +€1.0m | +4.1% |
| Distributable reserves | 133 | €24,005,988 | €36,476,298 | +€12.5m | +51.9% |
| Investment grants | 15 | €337,309 | €326,712 | -€10,597 | -3.1% |
| Provisions and deferred taxes | 16 | €80,703 | €80,703 | = | 0.0% |
| Deferred taxes | 168 | €80,703 | €80,703 | = | 0.0% |
| Amounts payable | 17/49 | €42,087,695 | €53,250,892 | +€11.2m | +26.5% |
| Amounts payable after more than one year | 17 | €715,865 | €459,487 | -€256,378 | -35.8% |
| Financial debts | 170/4 | €715,865 | €459,487 | -€256,378 | -35.8% |
| Leasing and similar obligations | 172 | €715,865 | €459,487 | -€256,378 | -35.8% |
| Amounts payable within one year | 42/48 | €39,091,400 | €50,336,134 | +€11.2m | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €325,092 | €256,378 | -€68,714 | -21.1% |
| Financial debts | 43 | €5,101,368 | €607,804 | -€4.5m | -88.1% |
| Credit institutions | 430/8 | €5,101,368 | €607,804 | -€4.5m | -88.1% |
| Trade debts | 44 | €26,113,134 | €35,967,588 | +€9.9m | +37.7% |
| Suppliers | 440/4 | €26,113,134 | €35,967,588 | +€9.9m | +37.7% |
| Taxes, remuneration and social security | 45 | €7,076,746 | €8,104,363 | +€1.0m | +14.5% |
| Taxes | 450/3 | €4,292,182 | €5,043,047 | +€750,865 | +17.5% |
| Remuneration and social security | 454/9 | €2,784,564 | €3,061,316 | +€276,752 | +9.9% |
| Other amounts payable | 47/48 | €475,059 | €5,400,000 | +€4.9m | +1,037% |
| Accrued charges and deferred income | 492/3 | €2,280,430 | €2,455,272 | +€174,842 | +7.7% |
| Operating income | 70/76A | €222,565,200 | €283,087,940 | +€60.5m | +27.2% |
| Turnover | 70 | €221,241,379 | €281,257,063 | +€60.0m | +27.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€265,406 | €614,598 | +€880,005 | |
| Other operating income | 74 | €1,361,243 | €1,204,030 | -€157,213 | -11.5% |
| Non-recurring operating income | 76A | €227,985 | €12,249 | -€215,736 | -94.6% |
| Operating charges | 60/66A | €209,562,006 | €261,416,693 | +€51.9m | +24.7% |
| Goods for resale, raw materials and consumables | 60 | €133,390,129 | €172,890,168 | +€39.5m | +29.6% |
| Purchases | 600/8 | €135,973,767 | €172,028,855 | +€36.1m | +26.5% |
| Change in stocks: decrease (increase) | 609 | -€2,583,638 | €861,313 | +€3.4m | |
| Services and other goods | 61 | €53,952,286 | €62,652,682 | +€8.7m | +16.1% |
| Remuneration, social security and pensions | 62 | €18,714,463 | €22,187,615 | +€3.5m | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,056,746 | €3,294,989 | +€238,243 | +7.8% |
| Other operating charges | 640/8 | €443,702 | €388,968 | -€54,734 | -12.3% |
| Non-recurring operating charges | 66A | €4,680 | €2,271 | -€2,410 | -51.5% |
| Operating profit (loss) | 9901 | €13,003,194 | €21,671,248 | +€8.7m | +66.7% |
| Financial income | 75/76B | €193,213 | €731,183 | +€537,970 | +278% |
| Recurring financial income | 75 | €193,213 | €731,183 | +€537,970 | +278% |
| Income from financial fixed assets | 750 | - | €649,764 | +€649,764 | |
| Income from current assets | 751 | €132,062 | €41,391 | -€90,670 | -68.7% |
| Other financial income | 752/9 | €61,151 | €40,028 | -€21,124 | -34.5% |
| Financial charges | 65/66B | €967,689 | €239,381 | -€728,309 | -75.3% |
| Recurring financial charges | 65 | €967,689 | €239,381 | -€728,309 | -75.3% |
| Debt charges | 650 | €130,262 | €170,588 | +€40,325 | +31.0% |
| Other financial charges | 652/9 | €837,427 | €68,793 | -€768,634 | -91.8% |
| Profit (loss) for the period before taxes | 9903 | €12,228,718 | €22,163,050 | +€9.9m | +81.2% |
| Income taxes | 67/77 | €3,520,793 | €3,292,741 | -€228,052 | -6.5% |
| Taxes | 670/3 | €3,520,793 | €4,894,289 | +€1.4m | +39.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €1,601,548 | +€1.6m | |
| Profit (loss) for the period | 9904 | €8,707,925 | €18,870,309 | +€10.2m | +117% |
| Transfer from tax-exempt reserves | 789 | €747,600 | €0 | -€747,600 | -100% |
| Transfer to tax-exempt reserves | 689 | €2,000,000 | €1,000,000 | -€1.0m | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,455,525 | €17,870,309 | +€10.4m | +140% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.