ROJAS: 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.
ROJAS
Largest movements
- Cash -€24,210
down €24,210 (-44.2%), from €54,742 to €30,531
mainly Debts after one year (-€19,827) and Current investments (-€19,320)
- Current investments +€19,320
up €19,320 (+35.0%), from €55,262 to €74,582
- Tangible fixed assets -€18,855
down €18,855 (-2.5%), from €748,355 to €729,501
of which Land and buildings: -€16,040
- Debts after one year -€19,827
down €19,827 (-6.2%), from €321,481 to €301,653
- Reserves -€10,828
down €10,828 (-3.5%), from €313,603 to €302,776
of which Tax-exempt reserves: -€10,828
- Profit (loss) carried forward +€8,778
up €8,778 (+41.5%), from -€21,160 to -€12,382
- Gross operating margin +€3,189
up €3,189 (+13.2%), from €24,238 to €27,427
- Other operating charges +€2,543
up €2,543 (+51.9%), from €4,898 to €7,441
- Financial charges +€1,309
up €1,309 (+17.1%), from €7,640 to €8,950
- Taxes +€699
up €699, from €0 to €699
- Financial income +€276
up €276 (+11.2%), from €2,457 to €2,733
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 | €859,096 | €835,473 | -€23,623 | -2.7% |
| Fixed assets | 21/28 | €748,355 | €729,501 | -€18,855 | -2.5% |
| Tangible fixed assets | 22/27 | €748,355 | €729,501 | -€18,855 | -2.5% |
| Land and buildings | 22 | €732,026 | €715,985 | -€16,040 | -2.2% |
| Plant, machinery and equipment | 23 | €16,330 | €13,515 | -€2,815 | -17.2% |
| Current assets | 29/58 | €110,741 | €105,972 | -€4,768 | -4.3% |
| Amounts receivable within one year | 40/41 | €737 | €859 | +€122 | +16.5% |
| Other amounts receivable | 41 | €737 | €859 | +€122 | +16.5% |
| Current investments | 50/53 | €55,262 | €74,582 | +€19,320 | +35.0% |
| Cash at bank and in hand | 54/58 | €54,742 | €30,531 | -€24,210 | -44.2% |
| Total equity and liabilities | 10/49 | €859,096 | €835,473 | -€23,623 | -2.7% |
| Equity | 10/15 | €373,043 | €370,994 | -€2,050 | -0.5% |
| Contributions | 10/11 | €80,600 | €80,600 | = | 0.0% |
| Reserves | 13 | €313,603 | €302,776 | -€10,828 | -3.5% |
| Tax-exempt reserves | 132 | €306,784 | €295,956 | -€10,828 | -3.5% |
| Distributable reserves | 133 | €6,820 | €6,820 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,160 | -€12,382 | +€8,778 | +41.5% |
| Provisions and deferred taxes | 16 | €105,817 | €102,082 | -€3,735 | -3.5% |
| Deferred taxes | 168 | €105,817 | €102,082 | -€3,735 | -3.5% |
| Amounts payable | 17/49 | €380,236 | €362,397 | -€17,839 | -4.7% |
| Amounts payable after more than one year | 17 | €321,481 | €301,653 | -€19,827 | -6.2% |
| Financial debts | 170/4 | €321,481 | €301,653 | -€19,827 | -6.2% |
| Amounts payable within one year | 42/48 | €55,903 | €58,172 | +€2,269 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €19,578 | €19,827 | +€250 | +1.3% |
| Trade debts | 44 | €756 | €779 | +€23 | +3.0% |
| Suppliers | 440/4 | €756 | €779 | +€23 | +3.0% |
| Other amounts payable | 47/48 | €35,569 | €37,566 | +€1,997 | +5.6% |
| Accrued charges and deferred income | 492/3 | €2,853 | €2,571 | -€281 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,855 | €18,855 | = | 0.0% |
| Other operating charges | 640/8 | €4,898 | €7,441 | +€2,543 | +51.9% |
| Gross operating margin | 9900 | €24,238 | €27,427 | +€3,189 | +13.2% |
| Operating profit (loss) | 9901 | €485 | €1,131 | +€646 | +133.3% |
| Financial income | 75/76B | €2,457 | €2,733 | +€276 | +11.2% |
| Recurring financial income | 75 | €2,457 | €2,733 | +€276 | +11.2% |
| Financial charges | 65/66B | €7,640 | €8,950 | +€1,309 | +17.1% |
| Recurring financial charges | 65 | €7,640 | €8,950 | +€1,309 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,699 | -€5,086 | -€387 | -8.2% |
| Transfer from deferred taxes | 780 | €10,828 | €10,828 | = | 0.0% |
| Income taxes | 67/77 | €0 | €699 | +€699 | |
| Profit (loss) for the period | 9904 | €6,129 | €5,043 | -€1,086 | -17.7% |
| Transfer from tax-exempt reserves | 789 | €3,735 | €3,735 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,864 | €8,778 | -€1,086 | -11.0% |
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 12 October 2026 via checked.be.