ROGER THAT: 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.
ROGER THAT
Largest movements
- Cash -€35,490
down €35,490 (-97.4%), from €36,422 to €932
mainly Investment in fixed assets (net) (-€49,174) and Receivables within one year (-€24,576)
- Tangible fixed assets +€32,881
up €32,881 (+101.1%), from €32,509 to €65,390
of which Other tangible fixed assets: +€37,620
- Receivables within one year +€24,576
up €24,576 (+270.4%), from €9,090 to €33,666
- Receivables after one year -€9,600
down €9,600 (-18.7%), from €51,447 to €41,847
- Debts after one year -€14,952
down €14,952 (-35.2%), from €42,440 to €27,487
of which Other amounts payable: -€20,000
- Trade debts +€10,415
up €10,415 (+89.3%), from €11,658 to €22,073
- Tax, wage and social debts +€9,130
up €9,130 (+71.5%), from €12,771 to €21,901
- Profit (loss) carried forward +€7,960
up €7,960 (+12.9%), from €61,581 to €69,541
- Gross operating margin -€22,830
down €22,830 (-44.5%), from €51,359 to €28,529
- Depreciation +€7,143
up €7,143 (+75.4%), from €9,475 to €16,618
- Taxes -€6,626
down €6,626 (-79.6%), from €8,326 to €1,700
- Other operating charges -€2,188
down €2,188 (-53.2%), from €4,111 to €1,923
- Financial charges +€1,559
up €1,559 (+128.3%), from €1,215 to €2,774
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 | €137,551 | €150,367 | +€12,816 | +9.3% |
| Fixed assets | 21/28 | €37,930 | €70,486 | +€32,556 | +85.8% |
| Intangible fixed assets | 21 | €921 | €596 | -€326 | -35.3% |
| Tangible fixed assets | 22/27 | €32,509 | €65,390 | +€32,881 | +101.1% |
| Furniture and vehicles | 24 | €5,708 | €9,266 | +€3,558 | +62.3% |
| Leasing and similar rights | 25 | €24,890 | €16,593 | -€8,297 | -33.3% |
| Other tangible fixed assets | 26 | €1,910 | €39,530 | +€37,620 | +1969.1% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €99,621 | €79,881 | -€19,740 | -19.8% |
| Amounts receivable after more than one year | 29 | €51,447 | €41,847 | -€9,600 | -18.7% |
| Other amounts receivable | 291 | €51,447 | €41,847 | -€9,600 | -18.7% |
| Stocks and contracts in progress | 3 | €498 | €1,387 | +€889 | +178.4% |
| Stocks | 30/36 | €498 | €1,387 | +€889 | +178.4% |
| Amounts receivable within one year | 40/41 | €9,090 | €33,666 | +€24,576 | +270.4% |
| Trade receivables | 40 | €9,090 | €33,666 | +€24,576 | +270.4% |
| Cash at bank and in hand | 54/58 | €36,422 | €932 | -€35,490 | -97.4% |
| Deferred charges and accrued income | 490/1 | €2,164 | €2,049 | -€115 | -5.3% |
| Total equity and liabilities | 10/49 | €137,551 | €150,367 | +€12,816 | +9.3% |
| Equity | 10/15 | €64,081 | €72,041 | +€7,960 | +12.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,581 | €69,541 | +€7,960 | +12.9% |
| Amounts payable | 17/49 | €73,470 | €78,326 | +€4,856 | +6.6% |
| Amounts payable after more than one year | 17 | €42,440 | €27,487 | -€14,952 | -35.2% |
| Financial debts | 170/4 | €22,440 | €27,487 | +€5,048 | +22.5% |
| Other amounts payable | 178/9 | €20,000 | - | -€20,000 | |
| Amounts payable within one year | 42/48 | €31,030 | €50,464 | +€19,433 | +62.6% |
| Current portion of amounts payable after more than one year | 42 | €6,601 | €6,489 | -€112 | -1.7% |
| Trade debts | 44 | €11,658 | €22,073 | +€10,415 | +89.3% |
| Suppliers | 440/4 | €11,658 | €22,073 | +€10,415 | +89.3% |
| Taxes, remuneration and social security | 45 | €12,771 | €21,901 | +€9,130 | +71.5% |
| Taxes | 450/3 | €12,771 | €21,901 | +€9,130 | +71.5% |
| Accrued charges and deferred income | 492/3 | - | €375 | +€375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,475 | €16,618 | +€7,143 | +75.4% |
| Other operating charges | 640/8 | €4,111 | €1,923 | -€2,188 | -53.2% |
| Gross operating margin | 9900 | €51,359 | €28,529 | -€22,830 | -44.5% |
| Operating profit (loss) | 9901 | €37,773 | €9,989 | -€27,784 | -73.6% |
| Financial income | 75/76B | €2,658 | €2,444 | -€213 | -8.0% |
| Recurring financial income | 75 | €2,658 | €2,444 | -€213 | -8.0% |
| Financial charges | 65/66B | €1,215 | €2,774 | +€1,559 | +128.3% |
| Recurring financial charges | 65 | €1,215 | €2,774 | +€1,559 | +128.3% |
| Profit (loss) for the period before taxes | 9903 | €39,216 | €9,660 | -€29,557 | -75.4% |
| Income taxes | 67/77 | €8,326 | €1,700 | -€6,626 | -79.6% |
| Profit (loss) for the period | 9904 | €30,891 | €7,960 | -€22,931 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,891 | €7,960 | -€22,931 | -74.2% |
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.