ROICO: 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.
ROICO
Largest movements
- Cash +€39,648
up €39,648 (+103%), from €38,326 to €77,974
mainly Net result for the year (+€30,355) and Receivables within one year (+€7,586)
- Tangible fixed assets +€11,734
up €11,734 (+1,245%), from €943 to €12,676
of which Other tangible fixed assets: +€12,319
- Receivables within one year -€7,586
down €7,586 (-41.5%), from €18,275 to €10,688
of which Trade receivables: -€7,438
- Reserves +€30,355
up €30,355 (+90.6%), from €33,497 to €63,852
- Trade debts +€7,263
up €7,263 (+63.7%), from €11,397 to €18,660
- Tax, wage and social debts +€3,939
up €3,939 (+33.1%), from €11,882 to €15,821
of which Taxes: +€3,939
- Other debts +€1,277
up €1,277 (+32.1%), from €3,972 to €5,249
- Gross operating margin +€44,022
up €44,022 (+2,324%), from €1,894 to €45,916
- Taxes +€10,341
up €10,341 (+400%), from €2,584 to €12,925
- Financial income -€2,898
down €2,898 (-100.0%), from €2,898 to €0
- Depreciation +€567
up €567 (+97.0%), from €585 to €1,152
- Financial charges +€477
up €477 (+238%), from €200 to €677
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 | €63,641 | €106,584 | +€42,943 | +67.5% |
| Fixed assets | 21/28 | €1,003 | €12,736 | +€11,734 | +1,170% |
| Tangible fixed assets | 22/27 | €943 | €12,676 | +€11,734 | +1,245% |
| Furniture and vehicles | 24 | €943 | €357 | -€585 | -62.1% |
| Other tangible fixed assets | 26 | - | €12,319 | +€12,319 | |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €62,639 | €93,848 | +€31,209 | +49.8% |
| Amounts receivable within one year | 40/41 | €18,275 | €10,688 | -€7,586 | -41.5% |
| Trade receivables | 40 | €17,170 | €9,731 | -€7,438 | -43.3% |
| Other amounts receivable | 41 | €1,105 | €957 | -€148 | -13.4% |
| Cash at bank and in hand | 54/58 | €38,326 | €77,974 | +€39,648 | +103% |
| Deferred charges and accrued income | 490/1 | €6,038 | €5,186 | -€852 | -14.1% |
| Total equity and liabilities | 10/49 | €63,641 | €106,584 | +€42,943 | +67.5% |
| Equity | 10/15 | €35,997 | €66,352 | +€30,355 | +84.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €33,497 | €63,852 | +€30,355 | +90.6% |
| Distributable reserves | 133 | €33,497 | €63,852 | +€30,355 | +90.6% |
| Amounts payable | 17/49 | €27,644 | €40,232 | +€12,588 | +45.5% |
| Amounts payable within one year | 42/48 | €27,251 | €39,730 | +€12,479 | +45.8% |
| Trade debts | 44 | €11,397 | €18,660 | +€7,263 | +63.7% |
| Suppliers | 440/4 | €11,397 | €18,660 | +€7,263 | +63.7% |
| Taxes, remuneration and social security | 45 | €11,882 | €15,821 | +€3,939 | +33.1% |
| Taxes | 450/3 | €11,882 | €15,821 | +€3,939 | +33.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,972 | €5,249 | +€1,277 | +32.1% |
| Accrued charges and deferred income | 492/3 | €393 | €502 | +€109 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €585 | €1,152 | +€567 | +97.0% |
| Other operating charges | 640/8 | €663 | €807 | +€145 | +21.9% |
| Gross operating margin | 9900 | €1,894 | €45,916 | +€44,022 | +2,324% |
| Operating profit (loss) | 9901 | €646 | €43,956 | +€43,310 | +6,700% |
| Financial income | 75/76B | €2,898 | €0 | -€2,898 | -100.0% |
| Recurring financial income | 75 | €2,898 | €0 | -€2,898 | -100.0% |
| Financial charges | 65/66B | €200 | €677 | +€477 | +238% |
| Recurring financial charges | 65 | €200 | €677 | +€477 | +238% |
| Profit (loss) for the period before taxes | 9903 | €3,344 | €43,280 | +€39,936 | +1,194% |
| Income taxes | 67/77 | €2,584 | €12,925 | +€10,341 | +400% |
| Profit (loss) for the period | 9904 | €760 | €30,355 | +€29,595 | +3,894% |
| Profit (loss) for the period to be appropriated | 9905 | €760 | €30,355 | +€29,595 | +3,894% |
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 14 October 2026 via checked.be.