ROLATHEL: 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.
ROLATHEL
Largest movements
- Current investments -€150,000
down €150,000 (-50.0%), from €300,000 to €150,000
- Financial fixed assets -€139,840
down €139,840 (-99.8%), from €140,077 to €237
- Cash +€102,605
up €102,605 (+227%), from €45,215 to €147,820
mainly Current investments (+€150,000) and Investment in fixed assets (net) (+€139,840)
- Receivables within one year +€93,235
up €93,235 (+448%), from €20,802 to €114,036
of which Trade receivables: +€102,169
- Tangible fixed assets -€42,432
down €42,432 (-8.8%), from €480,255 to €437,824
of which Furniture and vehicles: -€27,597
- Reserves -€100,985
down €100,985 (-27.9%), from €361,346 to €260,362
- Debts after one year -€31,316
down €31,316 (-12.2%), from €257,523 to €226,207
- Financial income -€661,204
down €661,204 (-99.1%), from €667,149 to €5,944
of which Non-recurring financial income: -€658,359
- Other operating charges -€373,123
down €373,123 (-97.0%), from €384,732 to €11,609
- Gross operating margin +€117,988
up €117,988 (+831%), from €14,193 to €132,181
- Depreciation -€48,723
down €48,723 (-53.5%), from €91,155 to €42,432
- Taxes +€15,709
up €15,709 (+275%), from €5,703 to €21,411
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 | €991,331 | €851,489 | -€139,842 | -14.1% |
| Fixed assets | 21/28 | €620,332 | €438,061 | -€182,271 | -29.4% |
| Tangible fixed assets | 22/27 | €480,255 | €437,824 | -€42,432 | -8.8% |
| Land and buildings | 22 | €349,791 | €335,327 | -€14,464 | -4.1% |
| Plant, machinery and equipment | 23 | €3,567 | €3,196 | -€371 | -10.4% |
| Furniture and vehicles | 24 | €126,897 | €99,301 | -€27,597 | -21.7% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €140,077 | €237 | -€139,840 | -99.8% |
| Current assets | 29/58 | €370,999 | €413,429 | +€42,430 | +11.4% |
| Amounts receivable within one year | 40/41 | €20,802 | €114,036 | +€93,235 | +448% |
| Trade receivables | 40 | €0 | €102,169 | +€102,169 | |
| Other amounts receivable | 41 | €20,802 | €11,867 | -€8,935 | -43.0% |
| Current investments | 50/53 | €300,000 | €150,000 | -€150,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €45,215 | €147,820 | +€102,605 | +227% |
| Deferred charges and accrued income | 490/1 | €4,982 | €1,572 | -€3,410 | -68.4% |
| Total equity and liabilities | 10/49 | €991,331 | €851,489 | -€139,842 | -14.1% |
| Equity | 10/15 | €511,346 | €410,362 | -€100,985 | -19.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €361,346 | €260,362 | -€100,985 | -27.9% |
| Distributable reserves | 133 | €361,346 | €260,362 | -€100,985 | -27.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €479,985 | €441,128 | -€38,857 | -8.1% |
| Amounts payable after more than one year | 17 | €257,523 | €226,207 | -€31,316 | -12.2% |
| Financial debts | 170/4 | €257,523 | €226,207 | -€31,316 | -12.2% |
| Amounts payable within one year | 42/48 | €222,462 | €214,921 | -€7,541 | -3.4% |
| Financial debts | 43 | €30,888 | €31,427 | +€539 | +1.7% |
| Credit institutions | 430/8 | €30,888 | €31,427 | +€539 | +1.7% |
| Trade debts | 44 | €185,866 | €183,301 | -€2,565 | -1.4% |
| Suppliers | 440/4 | €185,866 | €183,301 | -€2,565 | -1.4% |
| Taxes, remuneration and social security | 45 | €5,623 | €0 | -€5,623 | -100% |
| Taxes | 450/3 | €5,623 | €0 | -€5,623 | -100% |
| Other amounts payable | 47/48 | €84 | €193 | +€109 | +129% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,155 | €42,432 | -€48,723 | -53.5% |
| Other operating charges | 640/8 | €384,732 | €11,609 | -€373,123 | -97.0% |
| Non-recurring operating charges | 66A | €135,853 | €0 | -€135,853 | -100% |
| Gross operating margin | 9900 | €14,193 | €132,181 | +€117,988 | +831% |
| Operating profit (loss) | 9901 | -€597,547 | €78,140 | +€675,687 | |
| Financial income | 75/76B | €667,149 | €5,944 | -€661,204 | -99.1% |
| Recurring financial income | 75 | €8,790 | €5,944 | -€2,845 | -32.4% |
| Non-recurring financial income | 76B | €658,359 | €0 | -€658,359 | -100% |
| Financial charges | 65/66B | €53,164 | €41,102 | -€12,061 | -22.7% |
| Recurring financial charges | 65 | €53,164 | €41,102 | -€12,061 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €16,438 | €42,982 | +€26,544 | +161% |
| Income taxes | 67/77 | €5,703 | €21,411 | +€15,709 | +275% |
| Profit (loss) for the period | 9904 | €10,735 | €21,571 | +€10,836 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €10,735 | €21,571 | +€10,836 | +101% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.