ROJO: 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.
ROJO
Largest movements
- Cash +€50,489
up €50,489 (+141.6%), from €35,649 to €86,138
mainly Stocks and contracts (+€45,000) and Net result for the year (+€37,206)
- Stocks and contracts -€45,000
no longer reported in 2025 (was €45,000)
- Financial fixed assets +€30,333
new in 2025: €30,333
- Deferred charges and accrued income -€16,270
down €16,270 (-99.0%), from €16,437 to €167
- Current investments +€5,530
up €5,530 (+95.3%), from €5,803 to €11,333
- Reserves +€37,206
up €37,206 (+12.3%), from €302,190 to €339,396
- Other debts -€4,923
down €4,923 (-96.0%), from €5,127 to €204
- Gross operating margin -€149,301
down €149,301 (-79.0%), from €188,956 to €39,655
- Taxes -€41,679
down €41,679 (-71.4%), from €58,378 to €16,700
- Financial income +€13,535
up €13,535 (+951.3%), from €1,423 to €14,958
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 | €314,164 | €346,180 | +€32,016 | +10.2% |
| Fixed assets | 21/28 | - | €32,747 | +€32,747 | |
| Tangible fixed assets | 22/27 | - | €2,414 | +€2,414 | |
| Furniture and vehicles | 24 | - | €2,414 | +€2,414 | |
| Financial fixed assets | 28 | - | €30,333 | +€30,333 | |
| Current assets | 29/58 | €314,164 | €313,433 | -€731 | -0.2% |
| Stocks and contracts in progress | 3 | €45,000 | - | -€45,000 | |
| Stocks | 30/36 | €45,000 | - | -€45,000 | |
| Amounts receivable within one year | 40/41 | €211,275 | €215,795 | +€4,520 | +2.1% |
| Other amounts receivable | 41 | €211,275 | €215,795 | +€4,520 | +2.1% |
| Current investments | 50/53 | €5,803 | €11,333 | +€5,530 | +95.3% |
| Cash at bank and in hand | 54/58 | €35,649 | €86,138 | +€50,489 | +141.6% |
| Deferred charges and accrued income | 490/1 | €16,437 | €167 | -€16,270 | -99.0% |
| Total equity and liabilities | 10/49 | €314,164 | €346,180 | +€32,016 | +10.2% |
| Equity | 10/15 | €308,390 | €345,596 | +€37,206 | +12.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €302,190 | €339,396 | +€37,206 | +12.3% |
| Distributable reserves | 133 | €302,190 | €339,396 | +€37,206 | +12.3% |
| Amounts payable | 17/49 | €5,774 | €584 | -€5,190 | -89.9% |
| Amounts payable within one year | 42/48 | €5,471 | €584 | -€4,887 | -89.3% |
| Trade debts | 44 | €344 | €380 | +€36 | +10.6% |
| Suppliers | 440/4 | €344 | €380 | +€36 | +10.6% |
| Other amounts payable | 47/48 | €5,127 | €204 | -€4,923 | -96.0% |
| Accrued charges and deferred income | 492/3 | €303 | - | -€303 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €135 | +€135 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €188,956 | €39,655 | -€149,301 | -79.0% |
| Operating profit (loss) | 9901 | €188,450 | €39,000 | -€149,450 | -79.3% |
| Financial income | 75/76B | €1,423 | €14,958 | +€13,535 | +951.3% |
| Recurring financial income | 75 | €1,423 | €14,958 | +€13,535 | +951.3% |
| Financial charges | 65/66B | €269 | €52 | -€218 | -80.8% |
| Recurring financial charges | 65 | €269 | €52 | -€218 | -80.8% |
| Profit (loss) for the period before taxes | 9903 | €189,604 | €53,906 | -€135,698 | -71.6% |
| Income taxes | 67/77 | €58,378 | €16,700 | -€41,679 | -71.4% |
| Profit (loss) for the period | 9904 | €131,225 | €37,206 | -€94,019 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €131,225 | €37,206 | -€94,019 | -71.6% |
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.