ROJA: 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.
ROJA
Largest movements
- Tangible fixed assets +€1.8m
up €1.8m (+132.5%), from €1.4m to €3.2m
of which Assets under construction and advance payments: +€1.9m
- Current investments -€951,000
down €951,000 (-99.9%), from €951,646 to €646
- Other debts +€695,902
up €695,902 (+681.9%), from €102,058 to €797,960
- Trade debts +€77,361
up €77,361 (+63.9%), from €121,102 to €198,462
- Reserves +€65,072
up €65,072 (+18.0%), from €361,129 to €426,202
of which Distributable reserves: +€65,072
- Gross operating margin +€49,298
up €49,298 (+43.1%), from €114,379 to €163,677
- Taxes +€11,970
up €11,970 (+65.1%), from €18,397 to €30,367
- Financial charges +€11,287
up €11,287 (+9793.1%), from €115 to €11,403
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 | €2,491,267 | €3,346,025 | +€854,758 | +34.3% |
| Fixed assets | 21/28 | €1,386,234 | €3,223,429 | +€1.8m | +132.5% |
| Tangible fixed assets | 22/27 | €1,386,234 | €3,223,429 | +€1.8m | +132.5% |
| Land and buildings | 22 | €873,271 | €850,080 | -€23,190 | -2.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,113 | €21 | -€1,092 | -98.1% |
| Assets under construction and advance payments | 27 | €511,850 | €2,373,327 | +€1.9m | +363.7% |
| Current assets | 29/58 | €1,105,033 | €122,596 | -€982,437 | -88.9% |
| Amounts receivable within one year | 40/41 | €10,545 | €1,140 | -€9,405 | -89.2% |
| Other amounts receivable | 41 | €10,545 | €1,140 | -€9,405 | -89.2% |
| Current investments | 50/53 | €951,646 | €646 | -€951,000 | -99.9% |
| Cash at bank and in hand | 54/58 | €134,390 | €113,114 | -€21,276 | -15.8% |
| Deferred charges and accrued income | 490/1 | €8,452 | €7,695 | -€756 | -8.9% |
| Total equity and liabilities | 10/49 | €2,491,267 | €3,346,025 | +€854,758 | +34.3% |
| Equity | 10/15 | €2,241,261 | €2,306,333 | +€65,072 | +2.9% |
| Contributions | 10/11 | €2,160,342 | €2,160,342 | = | 0.0% |
| Capital | 10 | €2,160,342 | €2,160,342 | = | 0.0% |
| Issued capital | 100 | €2,160,342 | €2,160,342 | = | 0.0% |
| Reserves | 13 | €361,129 | €426,202 | +€65,072 | +18.0% |
| Non-distributable reserves | 130/1 | €7,200 | €7,200 | = | 0.0% |
| Legal reserve | 130 | €7,200 | €7,200 | = | 0.0% |
| Distributable reserves | 133 | €353,929 | €419,002 | +€65,072 | +18.4% |
| Profit (loss) carried forward | 14 | -€280,211 | -€280,211 | = | 0.0% |
| Amounts payable | 17/49 | €250,006 | €1,039,692 | +€789,686 | +315.9% |
| Amounts payable within one year | 42/48 | €227,102 | €1,002,930 | +€775,828 | +341.6% |
| Trade debts | 44 | €121,102 | €198,462 | +€77,361 | +63.9% |
| Suppliers | 440/4 | €121,102 | €198,462 | +€77,361 | +63.9% |
| Taxes, remuneration and social security | 45 | €3,942 | €6,507 | +€2,565 | +65.1% |
| Taxes | 450/3 | €3,942 | €6,507 | +€2,565 | +65.1% |
| Other amounts payable | 47/48 | €102,058 | €797,960 | +€695,902 | +681.9% |
| Accrued charges and deferred income | 492/3 | €22,904 | €36,762 | +€13,858 | +60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,931 | €41,824 | -€107 | -0.3% |
| Other operating charges | 640/8 | €14,514 | €15,011 | +€497 | +3.4% |
| Gross operating margin | 9900 | €114,379 | €163,677 | +€49,298 | +43.1% |
| Operating profit (loss) | 9901 | €57,934 | €106,842 | +€48,908 | +84.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €115 | €11,403 | +€11,287 | +9793.1% |
| Recurring financial charges | 65 | €115 | €11,403 | +€11,287 | +9793.1% |
| Profit (loss) for the period before taxes | 9903 | €57,819 | €95,439 | +€37,621 | +65.1% |
| Income taxes | 67/77 | €18,397 | €30,367 | +€11,970 | +65.1% |
| Profit (loss) for the period | 9904 | €39,422 | €65,072 | +€25,650 | +65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,422 | €65,072 | +€25,650 | +65.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.