ROGERS: 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.
What changed
ROGERS
NACE 26.110, Manufacture of computer, electronic and optical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€32.2m
2024 · €18.7m+€13.5m
Equity
€120.6m
2024 · €135.7m-€15.0m
Cash
€21.4m
2024 · €22.9m-€1.5m
Balance sheet total
€260.6m
2024 · €300.0m-€39.4m
Largest movements
Assets
- Receivables within one year -€39.8m
down €39.8m (-63.9%), from €62.2m to €22.4m
of which Other amounts receivable: -€29.5m
- Receivables after one year +€10.6m
new in 2025: €10.6m
- Stocks and contracts -€6.7m
down €6.7m (-37.2%), from €18.1m to €11.3m
of which Stocks: -€5.0m
Equity and liabilities
- Profit (loss) carried forward -€14.7m
down €14.7m (-11.2%), from €131.6m to €116.8m
- Provisions -€13.9m
down €13.9m (-87.7%), from €15.9m to €2.0m
of which Provisions for liabilities and charges: -€13.8m
- Trade debts -€11.0m
down €11.0m (-47.7%), from €23.0m to €12.0m
- Current portion of long-term debt +€10.0m
new in 2025: €10.0m
- Debts after one year -€10.0m
down €10.0m (-8.2%), from €121.7m to €111.8m
Income statement
- Provisions -€29.2m
down €29.2m, from €15.4m to -€13.8m
- Other operating income -€15.6m
down €15.6m (-88.3%), from €17.6m to €2.1m
- Staff costs +€10.1m
up €10.1m (+65.4%), from €15.4m to €25.4m
- Goods and materials -€6.9m
down €6.9m (-8.1%), from €85.8m to €78.9m
of which Purchases: -€10.2m
- Services and other goods -€2.5m
down €2.5m (-13.8%), from €18.3m to €15.8m
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.
Result 2024
€18.7m
Turnover
-€2.4m
Other operating income
-€15.6m
Goods and materials
+€6.9m
Services and other goods
+€2.5m
Staff costs
-€10.1m
Depreciation
+€2.0m
Write-downs
+€670,830
Provisions
+€29.2m
Other operating charges
+€4,772
Other operating items
-€7,959
Financial income
+€2.1m
Financial charges
-€1.4m
Taxes
-€429,586
Deferred taxes and other
-€13,327
Result 2025
€32.2m
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.
From operations
+€45.3m
Investment
+€433,541
Financing
-€47.2m
Cash 2024
€22.9m
From operations (derived)
+€45.3m
Net result for the year
+€32.2m
Depreciation
+€1.4m
Receivables after one year
-€10.6m
Stocks and contracts
+€6.7m
Receivables within one year
+€39.8m
Deferred charges and accrued income
+€180,173
Provisions
-€13.9m
Trade debts
-€11.0m
Tax, wage and social debts
+€542,804
Accrued charges and deferred income
-€58,000
Investment (derived)
+€433,541
Investment in fixed assets (net)
+€433,541
Financing
-€47.2m
Debts after one year
-€10.0m
Current portion of long-term debt
+€10.0m
Contributions, distributions and other
-€47.3m
Cash 2025
€21.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €300,048,825 | €260,638,839 | -€39.4m | -13.1% |
| Fixed assets | 21/28 | €196,339,471 | €194,473,445 | -€1.9m | -1.0% |
| Tangible fixed assets | 22/27 | €45,351,577 | €43,703,076 | -€1.6m | -3.6% |
| Land and buildings | 22 | €4,217,964 | €3,780,168 | -€437,796 | -10.4% |
| Plant, machinery and equipment | 23 | €867,788 | - | -€867,788 | |
| Furniture and vehicles | 24 | €799,892 | €582,557 | -€217,335 | -27.2% |
| Assets under construction and advance payments | 27 | €39,465,933 | €39,340,351 | -€125,582 | -0.3% |
| Financial fixed assets | 28 | €150,987,894 | €150,770,369 | -€217,525 | -0.1% |
| Affiliated companies | 280/1 | €150,799,546 | €150,579,134 | -€220,412 | -0.1% |
| Participating interests | 280 | €150,799,546 | €150,579,134 | -€220,412 | -0.1% |
| Other financial fixed assets | 284/8 | €188,348 | €191,235 | +€2,887 | +1.5% |
| Amounts receivable and cash guarantees | 285/8 | €188,348 | €191,235 | +€2,887 | +1.5% |
| Current assets | 29/58 | €103,709,354 | €66,165,394 | -€37.5m | -36.2% |
| Amounts receivable after more than one year | 29 | - | €10,612,682 | +€10.6m | |
| Other amounts receivable | 291 | - | €10,612,682 | +€10.6m | |
| Stocks and contracts in progress | 3 | €18,050,840 | €11,333,151 | -€6.7m | -37.2% |
| Stocks | 30/36 | €16,318,496 | €11,333,151 | -€5.0m | -30.6% |
| Raw materials and consumables | 30/31 | €2,231,001 | - | -€2.2m | |
| Goods purchased for resale | 34 | €14,087,495 | €11,333,151 | -€2.8m | -19.6% |
| Contracts in progress | 37 | €1,732,344 | - | -€1.7m | |
| Amounts receivable within one year | 40/41 | €62,186,104 | €22,426,904 | -€39.8m | -63.9% |
| Trade receivables | 40 | €32,409,557 | €22,162,697 | -€10.2m | -31.6% |
| Other amounts receivable | 41 | €29,776,547 | €264,207 | -€29.5m | -99.1% |
| Cash at bank and in hand | 54/58 | €22,929,331 | €21,429,751 | -€1.5m | -6.5% |
| Deferred charges and accrued income | 490/1 | €543,079 | €362,906 | -€180,173 | -33.2% |
| Total equity and liabilities | 10/49 | €300,048,825 | €260,638,839 | -€39.4m | -13.1% |
| Equity | 10/15 | €135,661,524 | €120,629,031 | -€15.0m | -11.1% |
| Contributions | 10/11 | €2,255,832 | €2,255,832 | = | 0.0% |
| Reserves | 13 | €1,818,935 | €1,528,452 | -€290,483 | -16.0% |
| Non-distributable reserves | 130/1 | €225,583 | €225,583 | = | 0.0% |
| Reserves not available under the articles | 1311 | €225,583 | €225,583 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,593,352 | €1,302,869 | -€290,483 | -18.2% |
| Profit (loss) carried forward | 14 | €131,586,757 | €116,844,747 | -€14.7m | -11.2% |
| Provisions and deferred taxes | 16 | €15,879,603 | €1,956,227 | -€13.9m | -87.7% |
| Provisions for liabilities and charges | 160/5 | €15,356,390 | €1,529,842 | -€13.8m | -90.0% |
| Pensions and similar obligations | 160 | €429 | - | -€429 | |
| Other liabilities and charges | 164/5 | €15,355,961 | €1,529,842 | -€13.8m | -90.0% |
| Deferred taxes | 168 | €523,213 | €426,385 | -€96,828 | -18.5% |
| Amounts payable | 17/49 | €148,507,698 | €138,053,581 | -€10.5m | -7.0% |
| Amounts payable after more than one year | 17 | €121,738,025 | €111,775,861 | -€10.0m | -8.2% |
| Financial debts | 170/4 | €121,738,025 | €111,775,861 | -€10.0m | -8.2% |
| Other loans | 174 | €121,738,025 | €111,775,861 | -€10.0m | -8.2% |
| Amounts payable within one year | 42/48 | €25,970,892 | €25,536,939 | -€433,953 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | - | €10,000,000 | +€10.0m | |
| Trade debts | 44 | €23,012,482 | €12,035,725 | -€11.0m | -47.7% |
| Suppliers | 440/4 | €23,012,482 | €12,035,725 | -€11.0m | -47.7% |
| Taxes, remuneration and social security | 45 | €2,958,410 | €3,501,214 | +€542,804 | +18.3% |
| Taxes | 450/3 | €539,460 | €1,074,063 | +€534,603 | +99.1% |
| Remuneration and social security | 454/9 | €2,418,950 | €2,427,151 | +€8,201 | +0.3% |
| Accrued charges and deferred income | 492/3 | €798,781 | €740,781 | -€58,000 | -7.3% |
| Operating income | 70/76A | €138,666,809 | €120,840,670 | -€17.8m | -12.9% |
| Turnover | 70 | €122,068,194 | €119,705,194 | -€2.4m | -1.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,029,402 | -€1,732,344 | -€702,942 | -68.3% |
| Other operating income | 74 | €17,626,185 | €2,058,292 | -€15.6m | -88.3% |
| Non-recurring operating income | 76A | €1,832 | €809,528 | +€807,696 | +44088.2% |
| Operating charges | 60/66A | €138,978,565 | €107,872,103 | -€31.1m | -22.4% |
| Goods for resale, raw materials and consumables | 60 | €85,808,160 | €78,888,904 | -€6.9m | -8.1% |
| Purchases | 600/8 | €84,128,749 | €73,903,559 | -€10.2m | -12.2% |
| Change in stocks: decrease (increase) | 609 | €1,679,411 | €4,985,345 | +€3.3m | +196.9% |
| Services and other goods | 61 | €18,298,973 | €15,773,396 | -€2.5m | -13.8% |
| Remuneration, social security and pensions | 62 | €15,378,686 | €25,430,124 | +€10.1m | +65.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,400,154 | €1,432,485 | -€2.0m | -57.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €623,476 | -€47,354 | -€670,830 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €15,355,961 | -€13,826,548 | -€29.2m | |
| Other operating charges | 640/8 | €107,724 | €102,952 | -€4,772 | -4.4% |
| Non-recurring operating charges | 66A | €5,431 | €118,144 | +€112,713 | +2075.4% |
| Operating profit (loss) | 9901 | -€311,756 | €12,968,567 | +€13.3m | |
| Financial income | 75/76B | €23,850,449 | €25,917,021 | +€2.1m | +8.7% |
| Recurring financial income | 75 | €23,850,449 | €25,657,679 | +€1.8m | +7.6% |
| Income from financial fixed assets | 750 | €21,259,146 | €23,926,370 | +€2.7m | +12.5% |
| Income from current assets | 751 | €1,894,757 | €1,611,630 | -€283,127 | -14.9% |
| Other financial income | 752/9 | €696,546 | €119,679 | -€576,867 | -82.8% |
| Non-recurring financial income | 76B | - | €259,342 | +€259,342 | |
| Financial charges | 65/66B | €4,731,756 | €6,140,416 | +€1.4m | +29.8% |
| Recurring financial charges | 65 | €4,731,756 | €6,140,416 | +€1.4m | +29.8% |
| Debt charges | 650 | €4,731,756 | €4,370,264 | -€361,492 | -7.6% |
| Other financial charges | 652/9 | - | €1,770,152 | +€1.8m | |
| Profit (loss) for the period before taxes | 9903 | €18,806,937 | €32,745,172 | +€13.9m | +74.1% |
| Transfer from deferred taxes | 780 | €110,155 | €96,828 | -€13,327 | -12.1% |
| Income taxes | 67/77 | €167,428 | €597,014 | +€429,586 | +256.6% |
| Taxes | 670/3 | €167,428 | €597,014 | +€429,586 | +256.6% |
| Profit (loss) for the period | 9904 | €18,749,664 | €32,244,986 | +€13.5m | +72.0% |
| Transfer from tax-exempt reserves | 789 | €330,467 | €290,483 | -€39,984 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,080,131 | €32,535,469 | +€13.5m | +70.5% |
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 6 October 2026 via checked.be.