Rogiers Vastgoed: 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.
What changed
Rogiers Vastgoed
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€32,405
2024 · -€57,484+€25,079
Equity
€1.1m
2024 · €1.1m-€32,405
Cash
€168,732
2024 · €152,692+€16,041
Balance sheet total
€3.5m
2024 · €3.7m-€161,038
Largest movements
Assets
- Tangible fixed assets -€178,549
down €178,549 (-5.1%), from €3.5m to €3.3m
Equity and liabilities
- Debts after one year -€146,957
down €146,957 (-6.1%), from €2.4m to €2.3m
of which Financial debts: -€142,457
Income statement
- Other operating charges -€16,641
down €16,641 (-45.8%), from €36,335 to €19,694
- Gross operating margin +€3,854
up €3,854 (+1.8%), from €212,878 to €216,732
- Financial income +€2,801
up €2,801 (+448%), from €625 to €3,426
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
-€57,484
Gross operating margin
+€3,854
Depreciation
-€123
Other operating charges
+€16,641
Financial income
+€2,801
Financial charges
+€1,905
Result 2025
-€32,405
raises the resultlowers the result
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.
From operations
+€174,973
Investment
-€13,784
Financing
-€145,148
Cash 2024
€152,692
From operations (derived)
+€174,973
Net result for the year
-€32,405
Depreciation
+€192,333
Receivables within one year
+€1,291
Deferred charges and accrued income
-€2,760
Trade debts
+€6,193
Tax, wage and social debts
+€1,811
Other debts
+€8,510
Investment (derived)
-€13,784
Investment in fixed assets (net)
-€13,784
Financing
-€145,148
Debts after one year
-€146,957
Current portion of long-term debt
+€1,809
Cash 2025
€168,732
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,668,349 | €3,507,310 | -€161,038 | -4.4% |
| Fixed assets | 21/28 | €3,508,829 | €3,330,281 | -€178,549 | -5.1% |
| Tangible fixed assets | 22/27 | €3,508,829 | €3,330,281 | -€178,549 | -5.1% |
| Land and buildings | 22 | €3,508,829 | €3,330,281 | -€178,549 | -5.1% |
| Current assets | 29/58 | €159,519 | €177,029 | +€17,510 | +11.0% |
| Amounts receivable within one year | 40/41 | €4,474 | €3,183 | -€1,291 | -28.9% |
| Trade receivables | 40 | €4,286 | €2,155 | -€2,131 | -49.7% |
| Other amounts receivable | 41 | €187 | €1,028 | +€840 | +448% |
| Cash at bank and in hand | 54/58 | €152,692 | €168,732 | +€16,041 | +10.5% |
| Deferred charges and accrued income | 490/1 | €2,354 | €5,114 | +€2,760 | +117% |
| Total equity and liabilities | 10/49 | €3,668,349 | €3,507,310 | -€161,038 | -4.4% |
| Equity | 10/15 | €1,106,548 | €1,074,143 | -€32,405 | -2.9% |
| Contributions | 10/11 | €1,640,000 | €1,640,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€533,452 | -€565,857 | -€32,405 | -6.1% |
| Amounts payable | 17/49 | €2,561,801 | €2,433,167 | -€128,634 | -5.0% |
| Amounts payable after more than one year | 17 | €2,428,056 | €2,281,098 | -€146,957 | -6.1% |
| Financial debts | 170/4 | €2,407,622 | €2,265,164 | -€142,457 | -5.9% |
| Other amounts payable | 178/9 | €20,434 | €15,934 | -€4,500 | -22.0% |
| Amounts payable within one year | 42/48 | €133,745 | €152,069 | +€18,324 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €121,648 | €123,457 | +€1,809 | +1.5% |
| Trade debts | 44 | €2,034 | €8,227 | +€6,193 | +305% |
| Suppliers | 440/4 | €2,034 | €8,227 | +€6,193 | +305% |
| Taxes, remuneration and social security | 45 | €4,868 | €6,679 | +€1,811 | +37.2% |
| Taxes | 450/3 | €4,868 | €6,679 | +€1,811 | +37.2% |
| Other amounts payable | 47/48 | €5,195 | €13,706 | +€8,510 | +164% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192,210 | €192,333 | +€123 | +0.1% |
| Other operating charges | 640/8 | €36,335 | €19,694 | -€16,641 | -45.8% |
| Gross operating margin | 9900 | €212,878 | €216,732 | +€3,854 | +1.8% |
| Operating profit (loss) | 9901 | -€15,667 | €4,706 | +€20,372 | |
| Financial income | 75/76B | €625 | €3,426 | +€2,801 | +448% |
| Recurring financial income | 75 | €625 | €3,426 | +€2,801 | +448% |
| Financial charges | 65/66B | €42,442 | €40,537 | -€1,905 | -4.5% |
| Recurring financial charges | 65 | €42,442 | €40,537 | -€1,905 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€57,484 | -€32,405 | +€25,079 | +43.6% |
| Profit (loss) for the period | 9904 | -€57,484 | -€32,405 | +€25,079 | +43.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,484 | -€32,405 | +€25,079 | +43.6% |
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 27 October 2026 via checked.be.