ROGOS: 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.
ROGOS
Largest movements
- Receivables within one year +€90,493
up €90,493 (+536.7%), from €16,861 to €107,353
of which Trade receivables: +€107,353
- Cash -€40,126
down €40,126 (-80.7%), from €49,731 to €9,606
mainly Receivables within one year (-€90,493) and Contributions, distributions and other (-€82,032)
- Receivables after one year +€30,579
up €30,579 (+157.0%), from €19,474 to €50,053
- Deferred charges and accrued income -€15,031
down €15,031 (-79.7%), from €18,870 to €3,839
- Current investments +€13,000
new in 2025: €13,000
- Other debts +€76,700
new in 2025: €76,700
- Tax, wage and social debts +€14,828
up €14,828 (+76.2%), from €19,459 to €34,287
- Trade debts -€11,483
no longer reported in 2025 (was €11,483)
- Debts after one year -€8,389
no longer reported in 2025 (was €8,389)
- Reserves +€6,738
up €6,738 (+5.7%), from €118,867 to €125,605
- Gross operating margin +€138,045
up €138,045 (+710.3%), from €19,436 to €157,481
- Taxes +€35,128
up €35,128 (+1119.0%), from €3,139 to €38,268
- Financial charges +€19,886
up €19,886 (+345.4%), from €5,757 to €25,642
- Financial income -€2,161
down €2,161 (-66.8%), from €3,234 to €1,074
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 | €479,453 | €559,278 | +€79,825 | +16.6% |
| Fixed assets | 21/28 | €8,888 | €4,860 | -€4,028 | -45.3% |
| Tangible fixed assets | 22/27 | €8,823 | €4,764 | -€4,060 | -46.0% |
| Plant, machinery and equipment | 23 | €312 | €201 | -€111 | -35.6% |
| Furniture and vehicles | 24 | €8,511 | €4,563 | -€3,949 | -46.4% |
| Financial fixed assets | 28 | €64 | €96 | +€32 | +49.1% |
| Current assets | 29/58 | €470,566 | €554,419 | +€83,853 | +17.8% |
| Amounts receivable after more than one year | 29 | €19,474 | €50,053 | +€30,579 | +157.0% |
| Other amounts receivable | 291 | €19,474 | €50,053 | +€30,579 | +157.0% |
| Stocks and contracts in progress | 3 | €365,630 | €370,568 | +€4,938 | +1.4% |
| Stocks | 30/36 | €365,630 | €370,568 | +€4,938 | +1.4% |
| Amounts receivable within one year | 40/41 | €16,861 | €107,353 | +€90,493 | +536.7% |
| Trade receivables | 40 | - | €107,353 | +€107,353 | |
| Other amounts receivable | 41 | €16,861 | - | -€16,861 | |
| Current investments | 50/53 | - | €13,000 | +€13,000 | |
| Cash at bank and in hand | 54/58 | €49,731 | €9,606 | -€40,126 | -80.7% |
| Deferred charges and accrued income | 490/1 | €18,870 | €3,839 | -€15,031 | -79.7% |
| Total equity and liabilities | 10/49 | €479,453 | €559,278 | +€79,825 | +16.6% |
| Equity | 10/15 | €121,107 | €128,605 | +€7,498 | +6.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €118,867 | €125,605 | +€6,738 | +5.7% |
| Distributable reserves | 133 | €118,867 | €125,605 | +€6,738 | +5.7% |
| Profit (loss) carried forward | 14 | -€760 | - | +€760 | |
| Amounts payable | 17/49 | €358,346 | €430,673 | +€72,327 | +20.2% |
| Amounts payable after more than one year | 17 | €8,389 | - | -€8,389 | |
| Financial debts | 170/4 | €8,389 | - | -€8,389 | |
| Amounts payable within one year | 42/48 | €349,957 | €430,673 | +€80,717 | +23.1% |
| Current portion of amounts payable after more than one year | 42 | €9,753 | €8,389 | -€1,363 | -14.0% |
| Financial debts | 43 | €309,262 | €311,296 | +€2,035 | +0.7% |
| Credit institutions | 430/8 | €309,262 | €311,296 | +€2,035 | +0.7% |
| Trade debts | 44 | €11,483 | - | -€11,483 | |
| Suppliers | 440/4 | €11,483 | - | -€11,483 | |
| Taxes, remuneration and social security | 45 | €19,459 | €34,287 | +€14,828 | +76.2% |
| Taxes | 450/3 | €19,459 | €34,287 | +€14,828 | +76.2% |
| Other amounts payable | 47/48 | - | €76,700 | +€76,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,237 | €4,060 | -€1,177 | -22.5% |
| Other operating charges | 640/8 | €541 | €1,055 | +€514 | +94.9% |
| Non-recurring operating charges | 66A | €8,757 | - | -€8,757 | |
| Gross operating margin | 9900 | €19,436 | €157,481 | +€138,045 | +710.3% |
| Operating profit (loss) | 9901 | €4,902 | €152,366 | +€147,465 | +3008.5% |
| Financial income | 75/76B | €3,234 | €1,074 | -€2,161 | -66.8% |
| Recurring financial income | 75 | €3,234 | €1,074 | -€2,161 | -66.8% |
| Financial charges | 65/66B | €5,757 | €25,642 | +€19,886 | +345.4% |
| Recurring financial charges | 65 | €5,757 | €25,642 | +€19,886 | +345.4% |
| Profit (loss) for the period before taxes | 9903 | €2,379 | €127,798 | +€125,418 | +5271.0% |
| Income taxes | 67/77 | €3,139 | €38,268 | +€35,128 | +1119.0% |
| Profit (loss) for the period | 9904 | -€760 | €89,530 | +€90,290 | |
| Profit (loss) for the period to be appropriated | 9905 | -€760 | €89,530 | +€90,290 |
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 8 October 2026 via checked.be.