ROGIERS EXPERTISE: 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.
ROGIERS EXPERTISE
Largest movements
- Deferred charges and accrued income +€14,465
up €14,465 (+9,528%), from €152 to €14,617
- Current investments +€10,774
new in 2025: €10,774
- Cash +€5,447
up €5,447 (+3.1%), from €176,132 to €181,578
mainly Net result for the year (+€31,863) and Receivables within one year (+€2,632)
- Receivables within one year -€2,632
down €2,632 (-51.3%), from €5,134 to €2,502
of which Trade receivables: -€2,632
- Reserves +€30,197
up €30,197 (+19.1%), from €158,293 to €188,490
- Tax, wage and social debts -€3,616
down €3,616 (-34.9%), from €10,357 to €6,741
- Gross operating margin -€15,433
down €15,433 (-26.1%), from €59,155 to €43,722
- Taxes -€3,589
down €3,589 (-22.8%), from €15,749 to €12,160
- Financial income +€1,386
up €1,386 (+165%), from €838 to €2,224
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.
Derived cash bridge
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 | €183,565 | €210,506 | +€26,941 | +14.7% |
| Fixed assets | 21/28 | €2,147 | €1,035 | -€1,112 | -51.8% |
| Tangible fixed assets | 22/27 | €2,117 | €1,005 | -€1,112 | -52.5% |
| Plant, machinery and equipment | 23 | €2,117 | €1,005 | -€1,112 | -52.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €181,418 | €209,471 | +€28,053 | +15.5% |
| Amounts receivable within one year | 40/41 | €5,134 | €2,502 | -€2,632 | -51.3% |
| Trade receivables | 40 | €2,632 | €0 | -€2,632 | -100% |
| Other amounts receivable | 41 | €2,502 | €2,502 | = | 0.0% |
| Current investments | 50/53 | - | €10,774 | +€10,774 | |
| Cash at bank and in hand | 54/58 | €176,132 | €181,578 | +€5,447 | +3.1% |
| Deferred charges and accrued income | 490/1 | €152 | €14,617 | +€14,465 | +9,528% |
| Total equity and liabilities | 10/49 | €183,565 | €210,506 | +€26,941 | +14.7% |
| Equity | 10/15 | €170,693 | €200,890 | +€30,197 | +17.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €158,293 | €188,490 | +€30,197 | +19.1% |
| Distributable reserves | 133 | €158,293 | €188,490 | +€30,197 | +19.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,872 | €9,616 | -€3,256 | -25.3% |
| Amounts payable within one year | 42/48 | €12,872 | €9,492 | -€3,380 | -26.3% |
| Trade debts | 44 | €2,515 | €1,564 | -€951 | -37.8% |
| Suppliers | 440/4 | €2,515 | €1,564 | -€951 | -37.8% |
| Taxes, remuneration and social security | 45 | €10,357 | €6,741 | -€3,616 | -34.9% |
| Taxes | 450/3 | €10,357 | €6,741 | -€3,616 | -34.9% |
| Other amounts payable | 47/48 | €0 | €1,187 | +€1,187 | |
| Accrued charges and deferred income | 492/3 | - | €124 | +€124 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,626 | €1,112 | -€514 | -31.6% |
| Other operating charges | 640/8 | €826 | €544 | -€282 | -34.2% |
| Non-recurring operating charges | 66A | €3,202 | €0 | -€3,202 | -100% |
| Gross operating margin | 9900 | €59,155 | €43,722 | -€15,433 | -26.1% |
| Operating profit (loss) | 9901 | €53,502 | €42,066 | -€11,435 | -21.4% |
| Financial income | 75/76B | €838 | €2,224 | +€1,386 | +165% |
| Recurring financial income | 75 | €838 | €2,224 | +€1,386 | +165% |
| Financial charges | 65/66B | €584 | €267 | -€317 | -54.3% |
| Recurring financial charges | 65 | €584 | €267 | -€317 | -54.3% |
| Profit (loss) for the period before taxes | 9903 | €53,756 | €44,024 | -€9,732 | -18.1% |
| Income taxes | 67/77 | €15,749 | €12,160 | -€3,589 | -22.8% |
| Profit (loss) for the period | 9904 | €38,007 | €31,863 | -€6,143 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,007 | €31,863 | -€6,143 | -16.2% |
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 25 October 2026 via checked.be.