ROLF PROJECTS: 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.
ROLF PROJECTS
Largest movements
- Receivables within one year +€424,428
up €424,428 (+70.7%), from €600,540 to €1.0m
of which Trade receivables: +€397,268
- Cash -€48,364
down €48,364 (-29.2%), from €165,479 to €117,115
mainly Receivables within one year (-€424,428) and Investment in fixed assets (net) (-€34,215)
- Tangible fixed assets +€22,861
up €22,861 (+52.1%), from €43,914 to €66,775
of which Furniture and vehicles: +€23,256
- Trade debts +€320,608
up €320,608 (+127.9%), from €250,675 to €571,283
- Debts after one year +€66,441
new in 2024: €66,441
- Tax, wage and social debts -€26,567
down €26,567 (-43.7%), from €60,803 to €34,236
of which Taxes: -€19,517
- Profit (loss) carried forward +€18,738
up €18,738 (+4.7%), from €399,380 to €418,117
- Current portion of long-term debt +€18,375
new in 2024: €18,375
- Gross operating margin -€126,387
down €126,387 (-56.5%), from €223,587 to €97,199
- Write-downs -€39,708
down €39,708 (-57.0%), from €69,656 to €29,948
- Staff costs -€22,148
down €22,148 (-44.7%), from €49,521 to €27,373
- Taxes -€12,260
down €12,260 (-69.4%), from €17,677 to €5,417
- Depreciation -€5,335
down €5,335 (-32.0%), from €16,690 to €11,354
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €816,209 | €1,209,008 | +€392,798 | +48.1% |
| Fixed assets | 21/28 | €44,064 | €66,925 | +€22,861 | +51.9% |
| Tangible fixed assets | 22/27 | €43,914 | €66,775 | +€22,861 | +52.1% |
| Plant, machinery and equipment | 23 | €532 | €137 | -€395 | -74.3% |
| Furniture and vehicles | 24 | €43,382 | €66,638 | +€23,256 | +53.6% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €772,145 | €1,142,083 | +€369,938 | +47.9% |
| Amounts receivable within one year | 40/41 | €600,540 | €1,024,968 | +€424,428 | +70.7% |
| Trade receivables | 40 | €503,559 | €900,827 | +€397,268 | +78.9% |
| Other amounts receivable | 41 | €96,981 | €124,141 | +€27,160 | +28.0% |
| Cash at bank and in hand | 54/58 | €165,479 | €117,115 | -€48,364 | -29.2% |
| Deferred charges and accrued income | 490/1 | €6,127 | - | -€6,127 | |
| Total equity and liabilities | 10/49 | €816,209 | €1,209,008 | +€392,798 | +48.1% |
| Equity | 10/15 | €417,980 | €436,717 | +€18,738 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | €399,380 | €418,117 | +€18,738 | +4.7% |
| Amounts payable | 17/49 | €398,230 | €772,290 | +€374,061 | +93.9% |
| Amounts payable after more than one year | 17 | - | €66,441 | +€66,441 | |
| Financial debts | 170/4 | - | €66,441 | +€66,441 | |
| Amounts payable within one year | 42/48 | €398,230 | €705,849 | +€307,619 | +77.2% |
| Current portion of amounts payable after more than one year | 42 | - | €18,375 | +€18,375 | |
| Trade debts | 44 | €250,675 | €571,283 | +€320,608 | +127.9% |
| Suppliers | 440/4 | €250,675 | €571,283 | +€320,608 | +127.9% |
| Advances received on contracts in progress | 46 | €4,189 | €4,189 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €60,803 | €34,236 | -€26,567 | -43.7% |
| Taxes | 450/3 | €44,757 | €25,240 | -€19,517 | -43.6% |
| Remuneration and social security | 454/9 | €16,046 | €8,996 | -€7,050 | -43.9% |
| Other amounts payable | 47/48 | €82,563 | €77,767 | -€4,796 | -5.8% |
| Remuneration, social security and pensions | 62 | €49,521 | €27,373 | -€22,148 | -44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,690 | €11,354 | -€5,335 | -32.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €69,656 | €29,948 | -€39,708 | -57.0% |
| Other operating charges | 640/8 | €1,366 | €297 | -€1,070 | -78.3% |
| Non-recurring operating charges | 66A | €341 | - | -€341 | |
| Gross operating margin | 9900 | €223,587 | €97,199 | -€126,387 | -56.5% |
| Operating profit (loss) | 9901 | €86,012 | €28,228 | -€57,785 | -67.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €64 | €3,525 | +€3,461 | +5367.5% |
| Recurring financial charges | 65 | €64 | €3,525 | +€3,461 | +5367.5% |
| Profit (loss) for the period before taxes | 9903 | €85,948 | €24,702 | -€61,245 | -71.3% |
| Income taxes | 67/77 | €17,677 | €5,417 | -€12,260 | -69.4% |
| Profit (loss) for the period | 9904 | €68,271 | €19,285 | -€48,986 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,271 | €19,285 | -€48,986 | -71.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.