ROHDE STRATEGY MANAGEMENT: 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.
ROHDE STRATEGY MANAGEMENT
Largest movements
- Cash -€98,477
down €98,477 (-24.1%), from €408,492 to €310,015
mainly Contributions, distributions and other (-€118,577) and Tax, wage and social debts (-€33,457)
- Tangible fixed assets -€30,465
down €30,465 (-8.5%), from €356,474 to €326,009
of which Land and buildings: -€26,267
- Reserves -€118,577
down €118,577 (-49.4%), from €239,880 to €121,303
- Tax, wage and social debts -€33,457
no longer reported in 2025 (was €33,457)
- Other debts +€26,873
new in 2025: €26,873
- Profit (loss) carried forward +€15,106
up €15,106 (+2.8%), from €534,295 to €549,401
- Trade debts -€10,572
down €10,572 (-92.4%), from €11,440 to €868
- Gross operating margin -€64,698
down €64,698 (-37.4%), from €172,850 to €108,152
- Taxes -€39,193
down €39,193 (-50.2%), from €78,030 to €38,837
- Other operating charges -€4,515
down €4,515 (-78.3%), from €5,769 to €1,254
- Financial income -€3,432
no longer reported in 2025 (was €3,432)
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 | €837,672 | €717,045 | -€120,627 | -14.4% |
| Fixed assets | 21/28 | €357,156 | €326,691 | -€30,465 | -8.5% |
| Tangible fixed assets | 22/27 | €356,474 | €326,009 | -€30,465 | -8.5% |
| Land and buildings | 22 | €262,667 | €236,400 | -€26,267 | -10.0% |
| Plant, machinery and equipment | 23 | €13,838 | €26,441 | +€12,603 | +91.1% |
| Furniture and vehicles | 24 | €5,397 | €3,370 | -€2,027 | -37.6% |
| Leasing and similar rights | 25 | €22,100 | €22,100 | = | 0.0% |
| Other tangible fixed assets | 26 | €52,472 | €37,698 | -€14,774 | -28.2% |
| Financial fixed assets | 28 | €682 | €682 | = | 0.0% |
| Current assets | 29/58 | €480,516 | €390,354 | -€90,162 | -18.8% |
| Amounts receivable within one year | 40/41 | €72,024 | €80,339 | +€8,315 | +11.5% |
| Trade receivables | 40 | - | €55,359 | +€55,359 | |
| Other amounts receivable | 41 | €72,024 | €24,980 | -€47,044 | -65.3% |
| Cash at bank and in hand | 54/58 | €408,492 | €310,015 | -€98,477 | -24.1% |
| Total equity and liabilities | 10/49 | €837,672 | €717,045 | -€120,627 | -14.4% |
| Equity | 10/15 | €792,775 | €689,304 | -€103,471 | -13.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €239,880 | €121,303 | -€118,577 | -49.4% |
| Non-distributable reserves | 130/1 | €239,880 | €121,303 | -€118,577 | -49.4% |
| Other | 1319 | €239,880 | €121,303 | -€118,577 | -49.4% |
| Profit (loss) carried forward | 14 | €534,295 | €549,401 | +€15,106 | +2.8% |
| Amounts payable | 17/49 | €44,897 | €27,741 | -€17,156 | -38.2% |
| Amounts payable within one year | 42/48 | €44,897 | €27,741 | -€17,156 | -38.2% |
| Trade debts | 44 | €11,440 | €868 | -€10,572 | -92.4% |
| Suppliers | 440/4 | €11,440 | €868 | -€10,572 | -92.4% |
| Taxes, remuneration and social security | 45 | €33,457 | - | -€33,457 | |
| Taxes | 450/3 | €33,457 | - | -€33,457 | |
| Other amounts payable | 47/48 | - | €26,873 | +€26,873 | |
| Remuneration, social security and pensions | 62 | €1,617 | €1,829 | +€212 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,865 | €50,100 | +€235 | +0.5% |
| Other operating charges | 640/8 | €5,769 | €1,254 | -€4,515 | -78.3% |
| Gross operating margin | 9900 | €172,850 | €108,152 | -€64,698 | -37.4% |
| Operating profit (loss) | 9901 | €115,599 | €54,969 | -€60,630 | -52.4% |
| Financial income | 75/76B | €3,432 | - | -€3,432 | |
| Recurring financial income | 75 | €3,432 | - | -€3,432 | |
| Financial charges | 65/66B | €390 | €1,026 | +€636 | +163% |
| Recurring financial charges | 65 | €390 | €1,026 | +€636 | +163% |
| Non-recurring financial charges | 66B | €390 | - | -€390 | |
| Profit (loss) for the period before taxes | 9903 | €118,641 | €53,943 | -€64,698 | -54.5% |
| Income taxes | 67/77 | €78,030 | €38,837 | -€39,193 | -50.2% |
| Profit (loss) for the period | 9904 | €40,611 | €15,106 | -€25,505 | -62.8% |
| Transfer from tax-exempt reserves | 789 | - | €13,258 | +€13,258 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,611 | €28,364 | -€12,247 | -30.2% |
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 18 October 2026 via checked.be.