ROPALABELS: 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.
ROPALABELS
Largest movements
- Tangible fixed assets -€52,517
down €52,517 (-10.0%), from €525,494 to €472,977
- Receivables within one year +€42,649
up €42,649 (+64.9%), from €65,684 to €108,334
of which Trade receivables: +€41,628
- Cash +€39,736
up €39,736 (+47.3%), from €83,962 to €123,697
mainly Depreciation (+€64,458) and Net result for the year (+€54,990)
- Stocks and contracts +€9,263
up €9,263 (+8.8%), from €105,227 to €114,490
- Reserves +€80,000
up €80,000 (+140%), from €57,076 to €137,076
of which Distributable reserves: +€80,000
- Debts after one year -€54,921
down €54,921 (-12.4%), from €444,592 to €389,670
of which Financial debts: -€54,356
- Profit (loss) carried forward -€29,010
down €29,010 (-94.5%), from €30,702 to €1,692
- Trade debts +€16,765
up €16,765 (+27.2%), from €61,585 to €78,350
- Tax, wage and social debts +€14,672
up €14,672 (+113%), from €13,033 to €27,704
of which Taxes: +€10,459
- Gross operating margin +€63,035
up €63,035 (+35.8%), from €175,846 to €238,881
- Taxes +€13,021
up €13,021 (+1,351%), from €964 to €13,985
- Financial charges +€10,360
up €10,360 (+72.1%), from €14,377 to €24,737
- Staff costs -€6,794
down €6,794 (-7.7%), from €87,764 to €80,971
- Depreciation -€3,961
down €3,961 (-5.8%), from €68,419 to €64,458
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 | €787,713 | €826,349 | +€38,636 | +4.9% |
| Fixed assets | 21/28 | €525,949 | €473,162 | -€52,787 | -10.0% |
| Intangible fixed assets | 21 | €455 | €185 | -€270 | -59.3% |
| Tangible fixed assets | 22/27 | €525,494 | €472,977 | -€52,517 | -10.0% |
| Land and buildings | 22 | €320,542 | €302,607 | -€17,935 | -5.6% |
| Plant, machinery and equipment | 23 | €109,584 | €90,961 | -€18,623 | -17.0% |
| Furniture and vehicles | 24 | €4,381 | €7,476 | +€3,094 | +70.6% |
| Leasing and similar rights | 25 | €90,986 | €71,932 | -€19,054 | -20.9% |
| Current assets | 29/58 | €261,764 | €353,188 | +€91,424 | +34.9% |
| Stocks and contracts in progress | 3 | €105,227 | €114,490 | +€9,263 | +8.8% |
| Stocks | 30/36 | €105,227 | €114,490 | +€9,263 | +8.8% |
| Amounts receivable within one year | 40/41 | €65,684 | €108,334 | +€42,649 | +64.9% |
| Trade receivables | 40 | €65,684 | €107,312 | +€41,628 | +63.4% |
| Other amounts receivable | 41 | - | €1,021 | +€1,021 | |
| Cash at bank and in hand | 54/58 | €83,962 | €123,697 | +€39,736 | +47.3% |
| Deferred charges and accrued income | 490/1 | €6,891 | €6,666 | -€224 | -3.3% |
| Total equity and liabilities | 10/49 | €787,713 | €826,349 | +€38,636 | +4.9% |
| Equity | 10/15 | €157,778 | €208,768 | +€50,990 | +32.3% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €57,076 | €137,076 | +€80,000 | +140% |
| Tax-exempt reserves | 132 | €76 | €76 | = | 0.0% |
| Distributable reserves | 133 | €57,000 | €137,000 | +€80,000 | +140% |
| Profit (loss) carried forward | 14 | €30,702 | €1,692 | -€29,010 | -94.5% |
| Amounts payable | 17/49 | €629,935 | €617,581 | -€12,354 | -2.0% |
| Amounts payable after more than one year | 17 | €444,592 | €389,670 | -€54,921 | -12.4% |
| Financial debts | 170/4 | €253,634 | €199,278 | -€54,356 | -21.4% |
| Other amounts payable | 178/9 | €190,958 | €190,393 | -€565 | -0.3% |
| Amounts payable within one year | 42/48 | €185,343 | €214,411 | +€29,068 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €60,725 | €54,356 | -€6,369 | -10.5% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €61,585 | €78,350 | +€16,765 | +27.2% |
| Suppliers | 440/4 | €61,585 | €78,350 | +€16,765 | +27.2% |
| Taxes, remuneration and social security | 45 | €13,033 | €27,704 | +€14,672 | +113% |
| Taxes | 450/3 | €6,813 | €17,272 | +€10,459 | +154% |
| Remuneration and social security | 454/9 | €6,220 | €10,433 | +€4,212 | +67.7% |
| Other amounts payable | 47/48 | - | €4,000 | +€4,000 | |
| Accrued charges and deferred income | 492/3 | - | €13,500 | +€13,500 | |
| Remuneration, social security and pensions | 62 | €87,764 | €80,971 | -€6,794 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,419 | €64,458 | -€3,961 | -5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€436 | - | +€436 | |
| Other operating charges | 640/8 | €4,976 | €4,051 | -€924 | -18.6% |
| Non-recurring operating charges | 66A | - | €280 | +€280 | |
| Gross operating margin | 9900 | €175,846 | €238,881 | +€63,035 | +35.8% |
| Operating profit (loss) | 9901 | €15,123 | €89,121 | +€73,998 | +489% |
| Financial income | 75/76B | €809 | €4,591 | +€3,782 | +467% |
| Recurring financial income | 75 | €809 | €4,591 | +€3,782 | +467% |
| Financial charges | 65/66B | €14,377 | €24,737 | +€10,360 | +72.1% |
| Recurring financial charges | 65 | €14,377 | €24,737 | +€10,360 | +72.1% |
| Profit (loss) for the period before taxes | 9903 | €1,555 | €68,975 | +€67,420 | +4,335% |
| Income taxes | 67/77 | €964 | €13,985 | +€13,021 | +1,351% |
| Profit (loss) for the period | 9904 | €591 | €54,990 | +€54,399 | +9,201% |
| Profit (loss) for the period to be appropriated | 9905 | €591 | €54,990 | +€54,399 | +9,201% |
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 25 October 2026 via checked.be.