ROJE: 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.
ROJE
Largest movements
- Tangible fixed assets +€48,228
up €48,228 (+18.8%), from €256,299 to €304,527
of which Furniture and vehicles: +€45,956
- Cash +€12,530
up €12,530 (+34.2%), from €36,594 to €49,123
mainly Depreciation (+€44,050) and Net result for the year (+€33,098)
- Reserves +€33,098
up €33,098 (+304.7%), from €10,862 to €43,960
- Other debts +€19,824
up €19,824 (+42.8%), from €46,340 to €66,164
- Tax, wage and social debts -€15,808
down €15,808 (-76.0%), from €20,803 to €4,995
of which Taxes: -€11,505
- Current portion of long-term debt +€15,097
up €15,097 (+112.7%), from €13,400 to €28,497
- Debts after one year +€9,898
up €9,898 (+5.8%), from €169,222 to €179,120
- Gross operating margin +€82,905
up €82,905 (+186.4%), from €44,476 to €127,381
- Depreciation +€23,117
up €23,117 (+110.4%), from €20,933 to €44,050
- Taxes +€13,085
new in 2025: €13,085
- Financial charges +€9,830
up €9,830 (+141.9%), from €6,930 to €16,760
- Staff costs +€9,016
up €9,016 (+142.4%), from €6,334 to €15,350
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 | €297,815 | €357,823 | +€60,008 | +20.1% |
| Formation expenses | 20 | €170 | €0 | -€170 | -100.0% |
| Fixed assets | 21/28 | €256,299 | €304,527 | +€48,228 | +18.8% |
| Tangible fixed assets | 22/27 | €256,299 | €304,527 | +€48,228 | +18.8% |
| Land and buildings | 22 | €154,440 | €174,462 | +€20,022 | +13.0% |
| Plant, machinery and equipment | 23 | €25,361 | €23,611 | -€1,750 | -6.9% |
| Furniture and vehicles | 24 | €4,105 | €50,061 | +€45,956 | +1119.5% |
| Leasing and similar rights | 25 | €72,393 | €56,393 | -€16,000 | -22.1% |
| Current assets | 29/58 | €41,347 | €53,296 | +€11,950 | +28.9% |
| Stocks and contracts in progress | 3 | €3,495 | €3,184 | -€311 | -8.9% |
| Stocks | 30/36 | €3,495 | €3,184 | -€311 | -8.9% |
| Amounts receivable within one year | 40/41 | €687 | €565 | -€122 | -17.7% |
| Trade receivables | 40 | €61 | €0 | -€61 | -100.0% |
| Other amounts receivable | 41 | €626 | €565 | -€60 | -9.7% |
| Cash at bank and in hand | 54/58 | €36,594 | €49,123 | +€12,530 | +34.2% |
| Deferred charges and accrued income | 490/1 | €571 | €424 | -€147 | -25.7% |
| Total equity and liabilities | 10/49 | €297,815 | €357,823 | +€60,008 | +20.1% |
| Equity | 10/15 | €30,862 | €63,960 | +€33,098 | +107.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €10,862 | €43,960 | +€33,098 | +304.7% |
| Distributable reserves | 133 | €10,862 | €43,960 | +€33,098 | +304.7% |
| Amounts payable | 17/49 | €266,953 | €293,863 | +€26,910 | +10.1% |
| Amounts payable after more than one year | 17 | €169,222 | €179,120 | +€9,898 | +5.8% |
| Financial debts | 170/4 | €169,222 | €179,120 | +€9,898 | +5.8% |
| Amounts payable within one year | 42/48 | €96,731 | €114,743 | +€18,012 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €13,400 | €28,497 | +€15,097 | +112.7% |
| Trade debts | 44 | €16,188 | €15,087 | -€1,101 | -6.8% |
| Suppliers | 440/4 | €16,188 | €15,087 | -€1,101 | -6.8% |
| Taxes, remuneration and social security | 45 | €20,803 | €4,995 | -€15,808 | -76.0% |
| Taxes | 450/3 | €15,764 | €4,259 | -€11,505 | -73.0% |
| Remuneration and social security | 454/9 | €5,039 | €736 | -€4,303 | -85.4% |
| Other amounts payable | 47/48 | €46,340 | €66,164 | +€19,824 | +42.8% |
| Accrued charges and deferred income | 492/3 | €1,000 | €0 | -€1,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €6,334 | €15,350 | +€9,016 | +142.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,933 | €44,050 | +€23,117 | +110.4% |
| Other operating charges | 640/8 | €340 | €5,040 | +€4,700 | +1382.3% |
| Gross operating margin | 9900 | €44,476 | €127,381 | +€82,905 | +186.4% |
| Operating profit (loss) | 9901 | €16,869 | €62,942 | +€46,072 | +273.1% |
| Financial income | 75/76B | €922 | €2 | -€920 | -99.8% |
| Recurring financial income | 75 | €922 | €2 | -€920 | -99.8% |
| Financial charges | 65/66B | €6,930 | €16,760 | +€9,830 | +141.9% |
| Recurring financial charges | 65 | €6,930 | €16,760 | +€9,830 | +141.9% |
| Profit (loss) for the period before taxes | 9903 | €10,862 | €46,184 | +€35,322 | +325.2% |
| Income taxes | 67/77 | - | €13,085 | +€13,085 | |
| Profit (loss) for the period | 9904 | €10,862 | €33,098 | +€22,237 | +204.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,862 | €33,098 | +€22,237 | +204.7% |
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 30 September 2026 via checked.be.