ROGO: 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.
ROGO
Largest movements
- Tangible fixed assets -€77,835
down €77,835 (-5.2%), from €1.5m to €1.4m
of which Land and buildings: -€67,239
- Cash +€77,609
up €77,609 (+186.8%), from €41,549 to €119,158
mainly Net result for the year (+€169,439) and Depreciation (+€80,282)
- Current investments +€60,101
up €60,101 (+294756.1%), from €20 to €60,121
- Receivables within one year -€28,254
down €28,254 (-67.7%), from €41,733 to €13,479
of which Other amounts receivable: -€25,453
- Profit (loss) carried forward +€178,014
up €178,014 (+65.3%), from €272,708 to €450,721
- Other debts -€90,000
no longer reported in 2025 (was €90,000)
- Debts after one year -€29,898
down €29,898 (-6.0%), from €500,559 to €470,661
of which Financial debts: -€30,008
- Trade debts -€18,367
down €18,367 (-87.8%), from €20,913 to €2,546
- Gross operating margin +€15,620
up €15,620 (+4.9%), from €321,397 to €337,018
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 | €1,604,720 | €1,636,194 | +€31,474 | +2.0% |
| Fixed assets | 21/28 | €1,510,203 | €1,432,368 | -€77,835 | -5.2% |
| Tangible fixed assets | 22/27 | €1,502,594 | €1,424,760 | -€77,835 | -5.2% |
| Land and buildings | 22 | €1,488,631 | €1,421,392 | -€67,239 | -4.5% |
| Furniture and vehicles | 24 | €13,963 | €3,367 | -€10,596 | -75.9% |
| Financial fixed assets | 28 | €7,608 | €7,608 | = | 0.0% |
| Current assets | 29/58 | €94,517 | €203,826 | +€109,309 | +115.7% |
| Amounts receivable within one year | 40/41 | €41,733 | €13,479 | -€28,254 | -67.7% |
| Trade receivables | 40 | €3,907 | €1,107 | -€2,801 | -71.7% |
| Other amounts receivable | 41 | €37,825 | €12,372 | -€25,453 | -67.3% |
| Current investments | 50/53 | €20 | €60,121 | +€60,101 | +294756.1% |
| Cash at bank and in hand | 54/58 | €41,549 | €119,158 | +€77,609 | +186.8% |
| Deferred charges and accrued income | 490/1 | €11,215 | €11,068 | -€147 | -1.3% |
| Total equity and liabilities | 10/49 | €1,604,720 | €1,636,194 | +€31,474 | +2.0% |
| Equity | 10/15 | €846,469 | €1,015,908 | +€169,439 | +20.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €511,761 | €503,187 | -€8,575 | -1.7% |
| Tax-exempt reserves | 132 | €253,000 | €244,426 | -€8,575 | -3.4% |
| Distributable reserves | 133 | €258,761 | €258,761 | = | 0.0% |
| Profit (loss) carried forward | 14 | €272,708 | €450,721 | +€178,014 | +65.3% |
| Provisions and deferred taxes | 16 | €103,338 | €99,836 | -€3,502 | -3.4% |
| Deferred taxes | 168 | €103,338 | €99,836 | -€3,502 | -3.4% |
| Amounts payable | 17/49 | €654,913 | €520,450 | -€134,463 | -20.5% |
| Amounts payable after more than one year | 17 | €500,559 | €470,661 | -€29,898 | -6.0% |
| Financial debts | 170/4 | €493,611 | €463,603 | -€30,008 | -6.1% |
| Other amounts payable | 178/9 | €6,948 | €7,058 | +€110 | +1.6% |
| Amounts payable within one year | 42/48 | €147,029 | €42,181 | -€104,848 | -71.3% |
| Current portion of amounts payable after more than one year | 42 | €29,537 | €29,861 | +€323 | +1.1% |
| Trade debts | 44 | €20,913 | €2,546 | -€18,367 | -87.8% |
| Suppliers | 440/4 | €20,913 | €2,546 | -€18,367 | -87.8% |
| Taxes, remuneration and social security | 45 | €6,578 | €9,774 | +€3,196 | +48.6% |
| Taxes | 450/3 | €6,578 | €9,774 | +€3,196 | +48.6% |
| Other amounts payable | 47/48 | €90,000 | - | -€90,000 | |
| Accrued charges and deferred income | 492/3 | €7,324 | €7,608 | +€284 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,601 | €80,282 | -€319 | -0.4% |
| Other operating charges | 640/8 | €28,460 | €28,891 | +€431 | +1.5% |
| Gross operating margin | 9900 | €321,397 | €337,018 | +€15,620 | +4.9% |
| Operating profit (loss) | 9901 | €212,336 | €227,845 | +€15,509 | +7.3% |
| Financial income | 75/76B | €1 | €144 | +€143 | +10183.6% |
| Recurring financial income | 75 | €1 | €144 | +€143 | +10183.6% |
| Financial charges | 65/66B | €2,562 | €2,235 | -€327 | -12.8% |
| Recurring financial charges | 65 | €2,562 | €2,235 | -€327 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €209,776 | €225,754 | +€15,978 | +7.6% |
| Transfer from deferred taxes | 780 | €3,502 | €3,502 | = | 0.0% |
| Income taxes | 67/77 | €56,578 | €59,817 | +€3,239 | +5.7% |
| Profit (loss) for the period | 9904 | €156,700 | €169,439 | +€12,739 | +8.1% |
| Transfer from tax-exempt reserves | 789 | €8,575 | €8,575 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €165,275 | €178,014 | +€12,739 | +7.7% |
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 1 October 2026 via checked.be.