ROLCE Invest: 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.
ROLCE Invest
Largest movements
- Cash -€8,396
down €8,396 (-89.4%), from €9,393 to €997
mainly Net result for the year (-€15,791) and Tax, wage and social debts (-€3,604)
- Tangible fixed assets -€6,528
down €6,528 (-6.8%), from €96,302 to €89,774
of which Plant, machinery and equipment: -€4,410
- Profit (loss) carried forward -€15,791
down €15,791 (-5.3%), from €299,408 to €283,617
- Other debts +€5,025
up €5,025, from €0 to €5,025
- Tax, wage and social debts -€3,604
down €3,604 (-100%), from €3,604 to €0
- Gross operating margin -€25,358
down €25,358, from €17,549 to -€7,809
- Turnover -€19,914
no longer reported in 2025 (was €19,914)
- Purchases and services +€5,444
up €5,444 (+230%), from €2,365 to €7,809
- Depreciation +€3,600
up €3,600 (+123%), from €2,928 to €6,528
- Taxes -€3,592
down €3,592, from €3,587 to -€5
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 | €349,681 | €334,107 | -€15,574 | -4.5% |
| Fixed assets | 21/28 | €248,223 | €241,695 | -€6,528 | -2.6% |
| Tangible fixed assets | 22/27 | €96,302 | €89,774 | -€6,528 | -6.8% |
| Land and buildings | 22 | €75,062 | €72,944 | -€2,118 | -2.8% |
| Plant, machinery and equipment | 23 | €21,240 | €16,830 | -€4,410 | -20.8% |
| Financial fixed assets | 28 | €151,921 | €151,921 | = | 0.0% |
| Current assets | 29/58 | €101,458 | €92,412 | -€9,046 | -8.9% |
| Amounts receivable within one year | 40/41 | €92,064 | €91,415 | -€650 | -0.7% |
| Other amounts receivable | 41 | €92,064 | €91,415 | -€650 | -0.7% |
| Cash at bank and in hand | 54/58 | €9,393 | €997 | -€8,396 | -89.4% |
| Total equity and liabilities | 10/49 | €349,681 | €334,107 | -€15,574 | -4.5% |
| Equity | 10/15 | €344,873 | €329,082 | -€15,791 | -4.6% |
| Contributions | 10/11 | €16,473 | €16,473 | = | 0.0% |
| Reserves | 13 | €28,992 | €28,992 | = | 0.0% |
| Distributable reserves | 133 | €28,992 | €28,992 | = | 0.0% |
| Profit (loss) carried forward | 14 | €299,408 | €283,617 | -€15,791 | -5.3% |
| Amounts payable | 17/49 | €4,808 | €5,025 | +€217 | +4.5% |
| Amounts payable within one year | 42/48 | €4,808 | €5,025 | +€217 | +4.5% |
| Trade debts | 44 | €1,204 | €0 | -€1,204 | -100% |
| Suppliers | 440/4 | €1,204 | €0 | -€1,204 | -100% |
| Taxes, remuneration and social security | 45 | €3,604 | €0 | -€3,604 | -100% |
| Taxes | 450/3 | €3,604 | €0 | -€3,604 | -100% |
| Other amounts payable | 47/48 | €0 | €5,025 | +€5,025 | |
| Turnover | 70 | €19,914 | - | -€19,914 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,365 | €7,809 | +€5,444 | +230% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,928 | €6,528 | +€3,600 | +123% |
| Other operating charges | 640/8 | €1,318 | €1,359 | +€41 | +3.1% |
| Gross operating margin | 9900 | €17,549 | -€7,809 | -€25,358 | |
| Operating profit (loss) | 9901 | €13,303 | -€15,697 | -€29,000 | |
| Financial charges | 65/66B | €77 | €98 | +€22 | +28.4% |
| Recurring financial charges | 65 | €77 | €98 | +€22 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €13,226 | -€15,795 | -€29,021 | |
| Income taxes | 67/77 | €3,587 | -€5 | -€3,592 | |
| Profit (loss) for the period | 9904 | €9,639 | -€15,791 | -€25,430 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,639 | -€15,791 | -€25,430 |
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 26 October 2026 via checked.be.