ROGGHE: 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.
ROGGHE
Largest movements
- Stocks and contracts -€170,546
no longer reported in 2025 (was €170,546)
- Receivables within one year -€25,319
down €25,319 (-41.7%), from €60,660 to €35,341
of which Trade receivables: -€25,491
- Tangible fixed assets -€18,795
down €18,795 (-10.0%), from €188,625 to €169,830
- Cash -€17,485
down €17,485 (-13.1%), from €133,022 to €115,537
mainly Net result for the year (-€177,134) and Other debts (-€56,640)
- Reserves -€177,134
down €177,134 (-40.5%), from €437,535 to €260,401
- Other debts -€56,640
down €56,640 (-66.9%), from €84,647 to €28,008
- Gross operating margin -€141,021
down €141,021 (-1236.0%), from -€11,410 to -€152,431
- Financial charges -€3,907
down €3,907 (-54.5%), from €7,168 to €3,261
- Depreciation -€2,753
down €2,753 (-12.8%), from €21,548 to €18,795
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 | €554,338 | €321,194 | -€233,145 | -42.1% |
| Fixed assets | 21/28 | €188,625 | €169,830 | -€18,795 | -10.0% |
| Tangible fixed assets | 22/27 | €188,625 | €169,830 | -€18,795 | -10.0% |
| Land and buildings | 22 | €188,625 | €169,830 | -€18,795 | -10.0% |
| Current assets | 29/58 | €365,714 | €151,364 | -€214,350 | -58.6% |
| Stocks and contracts in progress | 3 | €170,546 | - | -€170,546 | |
| Stocks | 30/36 | €170,546 | - | -€170,546 | |
| Amounts receivable within one year | 40/41 | €60,660 | €35,341 | -€25,319 | -41.7% |
| Trade receivables | 40 | €60,598 | €35,107 | -€25,491 | -42.1% |
| Other amounts receivable | 41 | €62 | €234 | +€172 | +277.8% |
| Cash at bank and in hand | 54/58 | €133,022 | €115,537 | -€17,485 | -13.1% |
| Deferred charges and accrued income | 490/1 | €1,486 | €486 | -€1,000 | -67.3% |
| Total equity and liabilities | 10/49 | €554,338 | €321,194 | -€233,145 | -42.1% |
| Equity | 10/15 | €456,135 | €279,001 | -€177,134 | -38.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €437,535 | €260,401 | -€177,134 | -40.5% |
| Distributable reserves | 133 | €437,535 | €260,401 | -€177,134 | -40.5% |
| Amounts payable | 17/49 | €98,203 | €42,192 | -€56,011 | -57.0% |
| Amounts payable within one year | 42/48 | €93,224 | €40,001 | -€53,223 | -57.1% |
| Trade debts | 44 | €2,579 | €6,589 | +€4,010 | +155.5% |
| Suppliers | 440/4 | €2,579 | €6,589 | +€4,010 | +155.5% |
| Taxes, remuneration and social security | 45 | €5,998 | €5,404 | -€593 | -9.9% |
| Taxes | 450/3 | €5,248 | €5,404 | +€157 | +3.0% |
| Remuneration and social security | 454/9 | €750 | - | -€750 | |
| Other amounts payable | 47/48 | €84,647 | €28,008 | -€56,640 | -66.9% |
| Accrued charges and deferred income | 492/3 | €4,980 | €2,192 | -€2,788 | -56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,548 | €18,795 | -€2,753 | -12.8% |
| Other operating charges | 640/8 | €3,855 | €3,057 | -€798 | -20.7% |
| Non-recurring operating charges | 66A | €865 | - | -€865 | |
| Gross operating margin | 9900 | -€11,410 | -€152,431 | -€141,021 | -1236.0% |
| Operating profit (loss) | 9901 | -€37,678 | -€174,282 | -€136,604 | -362.6% |
| Financial income | 75/76B | €658 | €635 | -€24 | -3.6% |
| Recurring financial income | 75 | €658 | €635 | -€24 | -3.6% |
| Financial charges | 65/66B | €7,168 | €3,261 | -€3,907 | -54.5% |
| Recurring financial charges | 65 | €7,168 | €3,261 | -€3,907 | -54.5% |
| Profit (loss) for the period before taxes | 9903 | -€44,188 | -€176,908 | -€132,721 | -300.4% |
| Income taxes | 67/77 | €126 | €225 | +€100 | +79.1% |
| Profit (loss) for the period | 9904 | -€44,313 | -€177,134 | -€132,820 | -299.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,313 | -€177,134 | -€132,820 | -299.7% |
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 12 October 2026 via checked.be.