ROJACO: 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.
ROJACO
Largest movements
- Financial fixed assets -€61,973
no longer reported in 2025 (was €61,973)
- Receivables within one year -€12,000
no longer reported in 2025 (was €12,000)
- Cash +€8,300
up €8,300 (+34.3%), from €24,217 to €32,518
mainly Investment in fixed assets (net) (+€61,973) and Receivables within one year (+€12,000)
- Profit (loss) carried forward -€40,354
down €40,354 (-48.7%), from -€82,879 to -€123,234
- Other debts -€25,576
down €25,576 (-16.4%), from €156,348 to €130,772
- Gross operating margin +€14,423
up €14,423 (+178.3%), from €8,091 to €22,514
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 | €209,341 | €143,668 | -€65,673 | -31.4% |
| Fixed assets | 21/28 | €173,124 | €111,151 | -€61,973 | -35.8% |
| Tangible fixed assets | 22/27 | €111,151 | €111,151 | = | 0.0% |
| Other tangible fixed assets | 26 | €111,151 | €111,151 | = | 0.0% |
| Financial fixed assets | 28 | €61,973 | - | -€61,973 | |
| Current assets | 29/58 | €36,217 | €32,518 | -€3,700 | -10.2% |
| Amounts receivable within one year | 40/41 | €12,000 | - | -€12,000 | |
| Trade receivables | 40 | €12,000 | - | -€12,000 | |
| Cash at bank and in hand | 54/58 | €24,217 | €32,518 | +€8,300 | +34.3% |
| Total equity and liabilities | 10/49 | €209,341 | €143,668 | -€65,673 | -31.4% |
| Equity | 10/15 | €52,916 | €12,562 | -€40,354 | -76.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €51,020 | €51,020 | = | 0.0% |
| Reserves | 13 | €66,176 | €66,176 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €64,316 | €64,316 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,879 | -€123,234 | -€40,354 | -48.7% |
| Amounts payable | 17/49 | €156,425 | €131,107 | -€25,319 | -16.2% |
| Amounts payable within one year | 42/48 | €156,348 | €131,107 | -€25,241 | -16.1% |
| Trade debts | 44 | - | €334 | +€334 | |
| Suppliers | 440/4 | - | €334 | +€334 | |
| Other amounts payable | 47/48 | €156,348 | €130,772 | -€25,576 | -16.4% |
| Accrued charges and deferred income | 492/3 | €77 | - | -€77 | |
| Non-recurring operating income | 76A | - | €28,000 | +€28,000 | |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Non-recurring operating charges | 66A | - | €61,973 | +€61,973 | |
| Gross operating margin | 9900 | €8,091 | €22,514 | +€14,423 | +178.3% |
| Operating profit (loss) | 9901 | €7,642 | -€39,922 | -€47,563 | |
| Financial charges | 65/66B | €506 | €433 | -€73 | -14.5% |
| Recurring financial charges | 65 | €506 | €433 | -€73 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €7,136 | -€40,354 | -€47,490 | |
| Profit (loss) for the period | 9904 | €7,136 | -€40,354 | -€47,490 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,136 | -€40,354 | -€47,490 |
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 4 October 2026 via checked.be.