ROGIERS³: 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.
ROGIERS³
Largest movements
- Current investments +€180,000
new in 2025: €180,000
- Cash -€77,767
down €77,767 (-44.9%), from €173,300 to €95,533
mainly Trade debts (-€268,484) and Current investments (-€180,000)
- Receivables within one year -€24,915
down €24,915 (-32.0%), from €77,757 to €52,842
of which Other amounts receivable: -€13,845
- Intangible fixed assets -€15,000
down €15,000 (-11.1%), from €135,123 to €120,123
- Tangible fixed assets -€8,014
down €8,014 (-23.6%), from €33,909 to €25,894
of which Plant, machinery and equipment: -€10,092
- Trade debts -€268,484
down €268,484 (-81.7%), from €328,641 to €60,156
- Other debts +€200,978
up €200,978 (+374888.2%), from €54 to €201,031
- Reserves +€129,449
up €129,449 (+184.4%), from €70,190 to €199,639
of which Tax-exempt reserves: +€84,200
- Tax, wage and social debts -€11,414
down €11,414 (-37.1%), from €30,740 to €19,327
of which Taxes: -€12,255
- Gross operating margin +€78,000
up €78,000 (+54.1%), from €144,250 to €222,249
- Taxes +€16,232
up €16,232 (+58.7%), from €27,638 to €43,870
- Staff costs +€3,388
up €3,388 (+25.7%), from €13,165 to €16,554
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 | €444,625 | €495,286 | +€50,661 | +11.4% |
| Formation expenses | 20 | €11 | €0 | -€11 | -100.0% |
| Fixed assets | 21/28 | €169,032 | €146,018 | -€23,014 | -13.6% |
| Intangible fixed assets | 21 | €135,123 | €120,123 | -€15,000 | -11.1% |
| Tangible fixed assets | 22/27 | €33,909 | €25,894 | -€8,014 | -23.6% |
| Plant, machinery and equipment | 23 | €26,776 | €16,684 | -€10,092 | -37.7% |
| Furniture and vehicles | 24 | €7,133 | €9,210 | +€2,078 | +29.1% |
| Current assets | 29/58 | €275,581 | €349,268 | +€73,687 | +26.7% |
| Stocks and contracts in progress | 3 | €16,343 | €15,885 | -€458 | -2.8% |
| Stocks | 30/36 | €16,343 | €15,885 | -€458 | -2.8% |
| Amounts receivable within one year | 40/41 | €77,757 | €52,842 | -€24,915 | -32.0% |
| Trade receivables | 40 | €36,702 | €25,633 | -€11,070 | -30.2% |
| Other amounts receivable | 41 | €41,054 | €27,209 | -€13,845 | -33.7% |
| Current investments | 50/53 | - | €180,000 | +€180,000 | |
| Cash at bank and in hand | 54/58 | €173,300 | €95,533 | -€77,767 | -44.9% |
| Deferred charges and accrued income | 490/1 | €8,181 | €5,008 | -€3,173 | -38.8% |
| Total equity and liabilities | 10/49 | €444,625 | €495,286 | +€50,661 | +11.4% |
| Equity | 10/15 | €85,190 | €214,639 | +€129,449 | +152.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €70,190 | €199,639 | +€129,449 | +184.4% |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Distributable reserves | 133 | €70,190 | €115,439 | +€45,249 | +64.5% |
| Amounts payable | 17/49 | €359,435 | €280,647 | -€78,788 | -21.9% |
| Amounts payable within one year | 42/48 | €359,435 | €280,514 | -€78,920 | -22.0% |
| Trade debts | 44 | €328,641 | €60,156 | -€268,484 | -81.7% |
| Suppliers | 440/4 | €328,641 | €60,156 | -€268,484 | -81.7% |
| Taxes, remuneration and social security | 45 | €30,740 | €19,327 | -€11,414 | -37.1% |
| Taxes | 450/3 | €16,773 | €4,518 | -€12,255 | -73.1% |
| Remuneration and social security | 454/9 | €13,968 | €14,809 | +€841 | +6.0% |
| Other amounts payable | 47/48 | €54 | €201,031 | +€200,978 | +374888.2% |
| Accrued charges and deferred income | 492/3 | - | €132 | +€132 | |
| Remuneration, social security and pensions | 62 | €13,165 | €16,554 | +€3,388 | +25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,979 | €32,608 | -€371 | -1.1% |
| Other operating charges | 640/8 | €658 | €875 | +€217 | +33.0% |
| Gross operating margin | 9900 | €144,250 | €222,249 | +€78,000 | +54.1% |
| Operating profit (loss) | 9901 | €97,447 | €172,213 | +€74,765 | +76.7% |
| Financial income | 75/76B | €388 | €1,113 | +€725 | +186.6% |
| Recurring financial income | 75 | €388 | €1,113 | +€725 | +186.6% |
| Financial charges | 65/66B | €7 | €6 | -€1 | -13.3% |
| Recurring financial charges | 65 | €7 | €6 | -€1 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €97,828 | €173,319 | +€75,491 | +77.2% |
| Income taxes | 67/77 | €27,638 | €43,870 | +€16,232 | +58.7% |
| Profit (loss) for the period | 9904 | €70,190 | €129,449 | +€59,259 | +84.4% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,190 | €45,249 | -€24,941 | -35.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.