ROJAGYP: 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.
ROJAGYP
Largest movements
- Receivables within one year +€829,132
up €829,132 (+37.9%), from €2.2m to €3.0m
of which Other amounts receivable: +€449,539
- Cash -€614,177
down €614,177 (-55.2%), from €1.1m to €498,761
mainly Receivables within one year (-€829,132) and Trade debts (-€234,814)
- Profit (loss) carried forward +€358,609
up €358,609 (+28.0%), from €1.3m to €1.6m
- Trade debts -€234,814
down €234,814 (-23.0%), from €1.0m to €786,630
- Reserves +€122,090
up €122,090 (+6,105%), from €2,000 to €124,090
of which Tax-exempt reserves: +€122,090
- Other debts -€85,000
down €85,000 (-9.4%), from €901,000 to €816,000
- Gross operating margin -€148,655
down €148,655 (-12.1%), from €1.2m to €1.1m
- Taxes +€128,400
up €128,400 (+397%), from €32,356 to €160,757
- Staff costs -€85,009
down €85,009 (-18.0%), from €473,517 to €388,507
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 | €3,473,073 | €3,678,765 | +€205,692 | +5.9% |
| Fixed assets | 21/28 | €116,094 | €98,667 | -€17,428 | -15.0% |
| Tangible fixed assets | 22/27 | €116,094 | €98,667 | -€17,428 | -15.0% |
| Plant, machinery and equipment | 23 | €6,841 | €5,397 | -€1,444 | -21.1% |
| Furniture and vehicles | 24 | €98,699 | €84,310 | -€14,390 | -14.6% |
| Other tangible fixed assets | 26 | €10,554 | €8,960 | -€1,594 | -15.1% |
| Current assets | 29/58 | €3,356,979 | €3,580,098 | +€223,119 | +6.6% |
| Stocks and contracts in progress | 3 | €53,163 | €54,314 | +€1,151 | +2.2% |
| Stocks | 30/36 | €53,163 | €54,314 | +€1,151 | +2.2% |
| Amounts receivable within one year | 40/41 | €2,186,885 | €3,016,017 | +€829,132 | +37.9% |
| Trade receivables | 40 | €1,656,586 | €2,036,180 | +€379,593 | +22.9% |
| Other amounts receivable | 41 | €530,299 | €979,838 | +€449,539 | +84.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,112,938 | €498,761 | -€614,177 | -55.2% |
| Deferred charges and accrued income | 490/1 | €3,992 | €11,005 | +€7,013 | +176% |
| Total equity and liabilities | 10/49 | €3,473,073 | €3,678,765 | +€205,692 | +5.9% |
| Equity | 10/15 | €1,302,945 | €1,783,644 | +€480,699 | +36.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €124,090 | +€122,090 | +6,105% |
| Tax-exempt reserves | 132 | - | €122,090 | +€122,090 | |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,280,945 | €1,639,554 | +€358,609 | +28.0% |
| Amounts payable | 17/49 | €2,170,128 | €1,895,121 | -€275,007 | -12.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,170,128 | €1,895,121 | -€275,007 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €7,905 | €29,352 | +€21,448 | +271% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €1,021,443 | €786,630 | -€234,814 | -23.0% |
| Suppliers | 440/4 | €1,021,443 | €786,630 | -€234,814 | -23.0% |
| Taxes, remuneration and social security | 45 | €39,781 | €63,140 | +€23,359 | +58.7% |
| Taxes | 450/3 | €0 | €21,187 | +€21,187 | |
| Remuneration and social security | 454/9 | €39,781 | €41,952 | +€2,172 | +5.5% |
| Other amounts payable | 47/48 | €901,000 | €816,000 | -€85,000 | -9.4% |
| Remuneration, social security and pensions | 62 | €473,517 | €388,507 | -€85,009 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,625 | €32,124 | +€4,499 | +16.3% |
| Other operating charges | 640/8 | €8,997 | €14,157 | +€5,160 | +57.4% |
| Gross operating margin | 9900 | €1,233,178 | €1,084,524 | -€148,655 | -12.1% |
| Operating profit (loss) | 9901 | €723,040 | €649,736 | -€73,304 | -10.1% |
| Financial income | 75/76B | €12,069 | €2,738 | -€9,331 | -77.3% |
| Recurring financial income | 75 | €12,069 | €2,738 | -€9,331 | -77.3% |
| Financial charges | 65/66B | €10,071 | €11,018 | +€947 | +9.4% |
| Recurring financial charges | 65 | €10,071 | €11,018 | +€947 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €725,037 | €641,455 | -€83,582 | -11.5% |
| Income taxes | 67/77 | €32,356 | €160,757 | +€128,400 | +397% |
| Profit (loss) for the period | 9904 | €692,681 | €480,699 | -€211,982 | -30.6% |
| Transfer to tax-exempt reserves | 689 | - | €122,090 | +€122,090 | |
| Profit (loss) for the period to be appropriated | 9905 | €692,681 | €358,609 | -€334,072 | -48.2% |
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 14 October 2026 via checked.be.