ROJ: 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.
ROJ
Largest movements
- Financial fixed assets +€441,650
up €441,650 (+143.4%), from €308,000 to €749,650
- Receivables within one year -€407,069
down €407,069 (-38.4%), from €1.1m to €653,613
of which Trade receivables: -€433,135
- Profit (loss) carried forward +€28,962
up €28,962 (+2.0%), from -€1.4m to -€1.4m
- Trade debts -€14,304
down €14,304 (-26.5%), from €54,045 to €39,741
- Gross operating margin +€406,826
up €406,826 (+108.9%), from €373,719 to €780,545
- Financial charges +€387,624
up €387,624 (+421467.6%), from €92 to €387,716
of which Non-recurring financial charges: +€387,611
- Financial income -€21,115
down €21,115 (-67.1%), from €31,455 to €10,340
- Staff costs +€8,106
up €8,106 (+2.2%), from €362,511 to €370,617
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 | €1,371,742 | €1,405,747 | +€34,006 | +2.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €310,875 | €751,950 | +€441,075 | +141.9% |
| Tangible fixed assets | 22/27 | €2,875 | €2,300 | -€575 | -20.0% |
| Land and buildings | 22 | €2,875 | €2,300 | -€575 | -20.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €308,000 | €749,650 | +€441,650 | +143.4% |
| Current assets | 29/58 | €1,060,867 | €653,797 | -€407,069 | -38.4% |
| Amounts receivable within one year | 40/41 | €1,060,683 | €653,613 | -€407,069 | -38.4% |
| Trade receivables | 40 | €1,048,314 | €615,179 | -€433,135 | -41.3% |
| Other amounts receivable | 41 | €12,369 | €38,434 | +€26,066 | +210.7% |
| Cash at bank and in hand | 54/58 | €184 | €184 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,371,742 | €1,405,747 | +€34,006 | +2.5% |
| Equity | 10/15 | €280,885 | €309,847 | +€28,962 | +10.3% |
| Contributions | 10/11 | €1,597,352 | €1,597,352 | = | 0.0% |
| Capital | 10 | €1,597,352 | €1,597,352 | = | 0.0% |
| Issued capital | 100 | €1,597,352 | €1,597,352 | = | 0.0% |
| Reserves | 13 | €113,192 | €113,192 | = | 0.0% |
| Tax-exempt reserves | 132 | €113,192 | €113,192 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,429,659 | -€1,400,697 | +€28,962 | +2.0% |
| Amounts payable | 17/49 | €1,090,857 | €1,095,901 | +€5,044 | +0.5% |
| Amounts payable after more than one year | 17 | €908,684 | €908,684 | = | 0.0% |
| Trade debts | 175 | €908,684 | €908,684 | = | 0.0% |
| Amounts payable within one year | 42/48 | €181,788 | €187,217 | +€5,429 | +3.0% |
| Trade debts | 44 | €54,045 | €39,741 | -€14,304 | -26.5% |
| Suppliers | 440/4 | €54,045 | €39,741 | -€14,304 | -26.5% |
| Taxes, remuneration and social security | 45 | €54,932 | €62,605 | +€7,673 | +14.0% |
| Taxes | 450/3 | €11,044 | €23,690 | +€12,647 | +114.5% |
| Remuneration and social security | 454/9 | €43,888 | €38,915 | -€4,974 | -11.3% |
| Other amounts payable | 47/48 | €72,811 | €84,870 | +€12,059 | +16.6% |
| Accrued charges and deferred income | 492/3 | €385 | - | -€385 | |
| Remuneration, social security and pensions | 62 | €362,511 | €370,617 | +€8,106 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,898 | €575 | -€2,323 | -80.2% |
| Other operating charges | 640/8 | €696 | €3,059 | +€2,362 | +339.3% |
| Gross operating margin | 9900 | €373,719 | €780,545 | +€406,826 | +108.9% |
| Operating profit (loss) | 9901 | €7,613 | €406,295 | +€398,681 | +5236.6% |
| Financial income | 75/76B | €31,455 | €10,340 | -€21,115 | -67.1% |
| Recurring financial income | 75 | €31,455 | €10,340 | -€21,115 | -67.1% |
| Financial charges | 65/66B | €92 | €387,716 | +€387,624 | +421467.6% |
| Recurring financial charges | 65 | €92 | €105 | +€13 | +14.2% |
| Non-recurring financial charges | 66B | - | €387,611 | +€387,611 | |
| Profit (loss) for the period before taxes | 9903 | €38,977 | €28,919 | -€10,058 | -25.8% |
| Income taxes | 67/77 | €50 | -€43 | -€93 | |
| Profit (loss) for the period | 9904 | €38,927 | €28,962 | -€9,965 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,927 | €28,962 | -€9,965 | -25.6% |
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 30 September 2026 via checked.be.