ROJAX: what changed
What changed
ROJAX
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€32,964
2024 · €54,320-€21,356
Equity
€614,966
2024 · €582,002+€32,964
Cash
€238,472
2024 · €15,089+€223,383
Balance sheet total
€2.4m
2024 · €1.7m+€634,128
Largest movements
Assets
- Tangible fixed assets +€393,611
up €393,611 (+25.0%), from €1.6m to €2.0m
of which Land and buildings: +€347,650
- Cash +€223,383
up €223,383 (+1,480%), from €15,089 to €238,472
mainly Debts after one year (+€436,915) and Trade debts (+€110,299)
Equity and liabilities
- Debts after one year +€436,915
up €436,915 (+102%), from €426,596 to €863,512
- Trade debts +€110,299
up €110,299 (+85.4%), from €129,123 to €239,421
- Other debts +€35,916
up €35,916 (+6.6%), from €545,181 to €581,097
- Profit (loss) carried forward +€32,964
up €32,964 (+5.7%), from €573,942 to €606,906
Income statement
- Gross operating margin -€57,306
down €57,306 (-29.0%), from €197,336 to €140,030
- Purchases and services +€43,143
new in 2025: €43,143
- Turnover +€33,269
new in 2025: €33,269
- Depreciation -€16,321
down €16,321 (-21.4%), from €76,342 to €60,021
- Financial charges +€10,586
up €10,586 (+161%), from €6,567 to €17,153
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€54,320
Gross operating margin
-€57,306
Depreciation
+€16,321
Other operating charges
+€160
Other operating items
+€24,160
Financial income
+€0
Financial charges
-€10,586
Taxes
+€5,896
Result 2025
€32,964
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€221,896
Investment
-€453,632
Financing
+€455,120
Cash 2024
€15,089
From operations (derived)
+€221,896
Net result for the year
+€32,964
Depreciation
+€60,021
Receivables within one year
-€17,135
Trade debts
+€110,299
Smaller working-capital items
-€169
Other debts
+€35,916
Investment (derived)
-€453,632
Investment in fixed assets (net)
-€453,632
Financing
+€455,120
Debts after one year
+€436,915
Current portion of long-term debt
+€18,204
Cash 2025
€238,472
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,720,705 | €2,354,833 | +€634,128 | +36.9% |
| Fixed assets | 21/28 | €1,653,143 | €2,046,753 | +€393,611 | +23.8% |
| Tangible fixed assets | 22/27 | €1,572,332 | €1,965,943 | +€393,611 | +25.0% |
| Land and buildings | 22 | €1,557,288 | €1,904,938 | +€347,650 | +22.3% |
| Plant, machinery and equipment | 23 | €13,928 | €26,979 | +€13,051 | +93.7% |
| Furniture and vehicles | 24 | €1,116 | €34,026 | +€32,910 | +2,949% |
| Financial fixed assets | 28 | €80,811 | €80,811 | = | 0.0% |
| Current assets | 29/58 | €67,562 | €308,079 | +€240,517 | +356% |
| Amounts receivable within one year | 40/41 | €52,473 | €69,608 | +€17,135 | +32.7% |
| Trade receivables | 40 | €11,373 | €7,462 | -€3,910 | -34.4% |
| Other amounts receivable | 41 | €41,100 | €62,145 | +€21,045 | +51.2% |
| Cash at bank and in hand | 54/58 | €15,089 | €238,472 | +€223,383 | +1,480% |
| Total equity and liabilities | 10/49 | €1,720,705 | €2,354,833 | +€634,128 | +36.9% |
| Equity | 10/15 | €582,002 | €614,966 | +€32,964 | +5.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €573,942 | €606,906 | +€32,964 | +5.7% |
| Amounts payable | 17/49 | €1,138,702 | €1,739,867 | +€601,165 | +52.8% |
| Amounts payable after more than one year | 17 | €426,596 | €863,512 | +€436,915 | +102% |
| Financial debts | 170/4 | €426,596 | €863,512 | +€436,915 | +102% |
| Amounts payable within one year | 42/48 | €710,681 | €875,155 | +€164,474 | +23.1% |
| Current portion of amounts payable after more than one year | 42 | €32,760 | €50,964 | +€18,204 | +55.6% |
| Trade debts | 44 | €129,123 | €239,421 | +€110,299 | +85.4% |
| Suppliers | 440/4 | €129,123 | €239,421 | +€110,299 | +85.4% |
| Taxes, remuneration and social security | 45 | €3,617 | €3,673 | +€56 | +1.5% |
| Taxes | 450/3 | €3,617 | €3,673 | +€56 | +1.5% |
| Other amounts payable | 47/48 | €545,181 | €581,097 | +€35,916 | +6.6% |
| Accrued charges and deferred income | 492/3 | €1,425 | €1,200 | -€225 | -15.8% |
| Turnover | 70 | - | €33,269 | +€33,269 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €43,143 | +€43,143 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,342 | €60,021 | -€16,321 | -21.4% |
| Other operating charges | 640/8 | €3,732 | €3,572 | -€160 | -4.3% |
| Non-recurring operating charges | 66A | €38,640 | €14,481 | -€24,160 | -62.5% |
| Gross operating margin | 9900 | €197,336 | €140,030 | -€57,306 | -29.0% |
| Operating profit (loss) | 9901 | €78,622 | €61,956 | -€16,666 | -21.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €6,567 | €17,153 | +€10,586 | +161% |
| Recurring financial charges | 65 | €6,567 | €17,153 | +€10,586 | +161% |
| Profit (loss) for the period before taxes | 9903 | €72,055 | €44,803 | -€27,252 | -37.8% |
| Income taxes | 67/77 | €17,735 | €11,839 | -€5,896 | -33.2% |
| Profit (loss) for the period | 9904 | €54,320 | €32,964 | -€21,356 | -39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,320 | €32,964 | -€21,356 | -39.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.