ROGIA: 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.
ROGIA
Largest movements
- Receivables after one year +€200,000
new in 2025: €200,000
- Financial fixed assets +€80,000
new in 2025: €80,000
- Cash -€34,382
down €34,382 (-57.4%), from €59,850 to €25,468
mainly Receivables after one year (-€200,000) and Investment in fixed assets (net) (-€80,000)
- Tangible fixed assets -€10,375
down €10,375 (-10.8%), from €96,211 to €85,836
of which Furniture and vehicles: -€7,595
- Debts after one year +€200,338
up €200,338 (+1603.6%), from €12,493 to €212,831
- Current portion of long-term debt +€22,884
up €22,884 (+165.6%), from €13,817 to €36,702
- Reserves +€19,646
up €19,646 (+16.5%), from €119,365 to €139,011
- Tax, wage and social debts -€6,443
down €6,443 (-82.5%), from €7,814 to €1,371
- Gross operating margin -€20,748
down €20,748 (-34.5%), from €60,194 to €39,446
- Financial income +€6,398
up €6,398 (+319900.0%), from €2 to €6,400
- Financial charges +€5,778
up €5,778 (+780.2%), from €741 to €6,519
- Taxes -€5,600
down €5,600 (-40.7%), from €13,764 to €8,164
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 | €159,341 | €396,739 | +€237,398 | +149.0% |
| Fixed assets | 21/28 | €96,211 | €165,836 | +€69,625 | +72.4% |
| Tangible fixed assets | 22/27 | €96,211 | €85,836 | -€10,375 | -10.8% |
| Land and buildings | 22 | €69,466 | €67,551 | -€1,915 | -2.8% |
| Plant, machinery and equipment | 23 | €12,303 | €11,439 | -€864 | -7.0% |
| Furniture and vehicles | 24 | €14,441 | €6,846 | -€7,595 | -52.6% |
| Financial fixed assets | 28 | - | €80,000 | +€80,000 | |
| Current assets | 29/58 | €63,130 | €230,903 | +€167,773 | +265.8% |
| Amounts receivable after more than one year | 29 | - | €200,000 | +€200,000 | |
| Trade receivables | 290 | - | €200,000 | +€200,000 | |
| Amounts receivable within one year | 40/41 | €2,080 | €4,836 | +€2,756 | +132.5% |
| Trade receivables | 40 | €185 | €0 | -€185 | -100.0% |
| Other amounts receivable | 41 | €1,895 | €4,836 | +€2,941 | +155.1% |
| Cash at bank and in hand | 54/58 | €59,850 | €25,468 | -€34,382 | -57.4% |
| Deferred charges and accrued income | 490/1 | €1,200 | €599 | -€601 | -50.1% |
| Total equity and liabilities | 10/49 | €159,341 | €396,739 | +€237,398 | +149.0% |
| Equity | 10/15 | €124,365 | €144,011 | +€19,646 | +15.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €119,365 | €139,011 | +€19,646 | +16.5% |
| Distributable reserves | 133 | €119,365 | €139,011 | +€19,646 | +16.5% |
| Amounts payable | 17/49 | €34,976 | €252,728 | +€217,752 | +622.6% |
| Amounts payable after more than one year | 17 | €12,493 | €212,831 | +€200,338 | +1603.6% |
| Financial debts | 170/4 | €12,493 | €212,831 | +€200,338 | +1603.6% |
| Amounts payable within one year | 42/48 | €22,457 | €39,870 | +€17,413 | +77.5% |
| Current portion of amounts payable after more than one year | 42 | €13,817 | €36,702 | +€22,884 | +165.6% |
| Trade debts | 44 | €374 | €1,346 | +€972 | +259.7% |
| Suppliers | 440/4 | €374 | €1,346 | +€972 | +259.7% |
| Taxes, remuneration and social security | 45 | €7,814 | €1,371 | -€6,443 | -82.5% |
| Taxes | 450/3 | €7,814 | €1,371 | -€6,443 | -82.5% |
| Other amounts payable | 47/48 | €452 | €452 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €26 | €26 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,329 | €10,375 | +€46 | +0.4% |
| Other operating charges | 640/8 | €1,038 | €1,143 | +€104 | +10.0% |
| Gross operating margin | 9900 | €60,194 | €39,446 | -€20,748 | -34.5% |
| Operating profit (loss) | 9901 | €48,827 | €27,929 | -€20,898 | -42.8% |
| Financial income | 75/76B | €2 | €6,400 | +€6,398 | +319900.0% |
| Recurring financial income | 75 | €2 | €6,400 | +€6,398 | +319900.0% |
| Financial charges | 65/66B | €741 | €6,519 | +€5,778 | +780.2% |
| Recurring financial charges | 65 | €741 | €6,519 | +€5,778 | +780.2% |
| Profit (loss) for the period before taxes | 9903 | €48,088 | €27,810 | -€20,278 | -42.2% |
| Income taxes | 67/77 | €13,764 | €8,164 | -€5,600 | -40.7% |
| Profit (loss) for the period | 9904 | €34,324 | €19,646 | -€14,678 | -42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,324 | €19,646 | -€14,678 | -42.8% |
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.