ROLUPO: 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.
What changed
ROLUPO
NACE 46.480, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€23,382
2024 · €34,798-€11,417
Equity
€2.4m
2024 · €2.3m+€23,382
Cash
€185,910
2024 · €216,750-€30,840
Balance sheet total
€2.6m
2024 · €2.7m-€51,647
Largest movements
Assets
- Receivables within one year -€57,869
down €57,869 (-6.6%), from €882,104 to €824,236
of which Trade receivables: -€266,603
- Stocks and contracts +€33,648
up €33,648 (+3.8%), from €876,266 to €909,914
- Cash -€30,840
down €30,840 (-14.2%), from €216,750 to €185,910
mainly Trade debts (-€87,139) and Stocks and contracts (-€33,648)
Equity and liabilities
- Trade debts -€87,139
down €87,139 (-79.6%), from €109,499 to €22,359
Income statement
- Financial income -€17,530
down €17,530 (-37.7%), from €46,524 to €28,994
- Write-downs -€6,150
down €6,150, from €0 to -€6,150
- Gross operating margin -€3,906
down €3,906 (-3.2%), from €121,803 to €117,898
- Taxes -€2,280
down €2,280 (-13.6%), from €16,718 to €14,438
- Other operating charges -€2,191
down €2,191 (-34.7%), from €6,310 to €4,119
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.
Result 2024
€34,798
Gross operating margin
-€3,906
Staff costs
+€329
Depreciation
-€1,654
Write-downs
+€6,150
Other operating charges
+€2,191
Financial income
-€17,530
Financial charges
+€723
Taxes
+€2,280
Result 2025
€23,382
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.
From operations
-€25,037
Investment
-€5,803
Financing
€0
Cash 2024
€216,750
From operations (derived)
-€25,037
Net result for the year
+€23,382
Depreciation
+€2,797
Stocks and contracts
-€33,648
Receivables within one year
+€57,869
Deferred charges and accrued income
-€407
Trade debts
-€87,139
Tax, wage and social debts
+€12,111
Investment (derived)
-€5,803
Investment in fixed assets (net)
-€5,803
Cash 2025
€185,910
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,698,011 | €2,646,364 | -€51,647 | -1.9% |
| Fixed assets | 21/28 | €224,577 | €227,583 | +€3,006 | +1.3% |
| Tangible fixed assets | 22/27 | €14,452 | €17,458 | +€3,006 | +20.8% |
| Plant, machinery and equipment | 23 | €2,538 | €1,960 | -€578 | -22.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €11,914 | €15,499 | +€3,584 | +30.1% |
| Financial fixed assets | 28 | €210,125 | €210,125 | = | 0.0% |
| Current assets | 29/58 | €2,473,434 | €2,418,781 | -€54,653 | -2.2% |
| Amounts receivable after more than one year | 29 | €495,960 | €495,960 | = | 0.0% |
| Other amounts receivable | 291 | €495,960 | €495,960 | = | 0.0% |
| Stocks and contracts in progress | 3 | €876,266 | €909,914 | +€33,648 | +3.8% |
| Stocks | 30/36 | €876,266 | €909,914 | +€33,648 | +3.8% |
| Amounts receivable within one year | 40/41 | €882,104 | €824,236 | -€57,869 | -6.6% |
| Trade receivables | 40 | €373,813 | €107,210 | -€266,603 | -71.3% |
| Other amounts receivable | 41 | €508,292 | €717,026 | +€208,734 | +41.1% |
| Cash at bank and in hand | 54/58 | €216,750 | €185,910 | -€30,840 | -14.2% |
| Deferred charges and accrued income | 490/1 | €2,354 | €2,762 | +€407 | +17.3% |
| Total equity and liabilities | 10/49 | €2,698,011 | €2,646,364 | -€51,647 | -1.9% |
| Equity | 10/15 | €2,329,896 | €2,353,278 | +€23,382 | +1.0% |
| Contributions | 10/11 | €762,211 | €762,211 | = | 0.0% |
| Capital | 10 | €762,211 | €762,211 | = | 0.0% |
| Issued capital | 100 | €787,000 | €787,000 | = | 0.0% |
| Uncalled capital | 101 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €1,627,897 | €1,627,897 | = | 0.0% |
| Non-distributable reserves | 130/1 | €54,095 | €54,095 | = | 0.0% |
| Legal reserve | 130 | €48,659 | €48,659 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,436 | €5,436 | = | 0.0% |
| Tax-exempt reserves | 132 | €698,397 | €698,397 | = | 0.0% |
| Distributable reserves | 133 | €875,405 | €875,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,212 | -€36,830 | +€23,382 | +38.8% |
| Provisions and deferred taxes | 16 | €213,307 | €213,307 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €213,307 | €213,307 | = | 0.0% |
| Amounts payable | 17/49 | €154,808 | €79,779 | -€75,029 | -48.5% |
| Amounts payable within one year | 42/48 | €154,808 | €79,779 | -€75,029 | -48.5% |
| Financial debts | 43 | €896 | €896 | = | 0.0% |
| Credit institutions | 430/8 | €896 | €896 | = | 0.0% |
| Trade debts | 44 | €109,499 | €22,359 | -€87,139 | -79.6% |
| Suppliers | 440/4 | €109,499 | €22,359 | -€87,139 | -79.6% |
| Taxes, remuneration and social security | 45 | €44,414 | €56,525 | +€12,111 | +27.3% |
| Taxes | 450/3 | €31,427 | €43,280 | +€11,853 | +37.7% |
| Remuneration and social security | 454/9 | €12,987 | €13,245 | +€258 | +2.0% |
| Non-recurring operating income | 76A | €30,000 | €0 | -€30,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €97,688 | €97,359 | -€329 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,143 | €2,797 | +€1,654 | +144.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€6,150 | -€6,150 | |
| Other operating charges | 640/8 | €6,310 | €4,119 | -€2,191 | -34.7% |
| Gross operating margin | 9900 | €121,803 | €117,898 | -€3,906 | -3.2% |
| Operating profit (loss) | 9901 | €16,663 | €19,773 | +€3,111 | +18.7% |
| Financial income | 75/76B | €46,524 | €28,994 | -€17,530 | -37.7% |
| Recurring financial income | 75 | €46,524 | €28,994 | -€17,530 | -37.7% |
| Financial charges | 65/66B | €11,670 | €10,947 | -€723 | -6.2% |
| Recurring financial charges | 65 | €11,670 | €10,947 | -€723 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €51,516 | €37,820 | -€13,696 | -26.6% |
| Income taxes | 67/77 | €16,718 | €14,438 | -€2,280 | -13.6% |
| Profit (loss) for the period | 9904 | €34,798 | €23,382 | -€11,417 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,798 | €23,382 | -€11,417 | -32.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.