ROPALUIN: 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.
ROPALUIN
Largest movements
- Tangible fixed assets -€69,876
down €69,876 (-8.9%), from €782,250 to €712,374
of which Land and buildings: -€82,140
- Stocks and contracts +€42,780
up €42,780 (+13.5%), from €317,220 to €360,000
- Debts after one year -€57,500
down €57,500 (-28.8%), from €199,417 to €141,918
- Trade debts +€56,012
up €56,012 (+56.1%), from €99,913 to €155,925
of which Suppliers: +€56,012
- Current portion of long-term debt -€50,000
down €50,000 (-46.5%), from €107,500 to €57,500
- Other debts +€23,665
up €23,665 (+9.7%), from €244,847 to €268,512
- Profit (loss) carried forward +€17,012
up €17,012 (+4.1%), from -€415,679 to -€398,667
- Gross operating margin -€48,884
down €48,884 (-18.8%), from €260,045 to €211,161
- Depreciation -€12,724
down €12,724 (-9.7%), from €130,936 to €118,212
- Staff costs -€9,007
down €9,007 (-14.6%), from €61,822 to €52,816
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,178,133 | €1,153,742 | -€24,391 | -2.1% |
| Fixed assets | 21/28 | €782,312 | €712,436 | -€69,876 | -8.9% |
| Tangible fixed assets | 22/27 | €782,250 | €712,374 | -€69,876 | -8.9% |
| Land and buildings | 22 | €643,757 | €561,617 | -€82,140 | -12.8% |
| Plant, machinery and equipment | 23 | €74,235 | €102,586 | +€28,352 | +38.2% |
| Furniture and vehicles | 24 | €64,259 | €48,171 | -€16,088 | -25.0% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €395,821 | €441,306 | +€45,485 | +11.5% |
| Stocks and contracts in progress | 3 | €317,220 | €360,000 | +€42,780 | +13.5% |
| Stocks | 30/36 | €317,220 | €360,000 | +€42,780 | +13.5% |
| Amounts receivable within one year | 40/41 | €70,201 | €72,561 | +€2,361 | +3.4% |
| Trade receivables | 40 | €21,200 | €6,548 | -€14,652 | -69.1% |
| Other amounts receivable | 41 | €49,001 | €66,013 | +€17,013 | +34.7% |
| Cash at bank and in hand | 54/58 | €7,588 | €7,635 | +€47 | +0.6% |
| Deferred charges and accrued income | 490/1 | €812 | €1,110 | +€298 | +36.7% |
| Total equity and liabilities | 10/49 | €1,178,133 | €1,153,742 | -€24,391 | -2.1% |
| Equity | 10/15 | €245,069 | €250,119 | +€5,050 | +2.1% |
| Contributions | 10/11 | €119,615 | €119,615 | = | 0.0% |
| Reserves | 13 | €541,133 | €529,171 | -€11,962 | -2.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €541,133 | €529,171 | -€11,962 | -2.2% |
| Profit (loss) carried forward | 14 | -€415,679 | -€398,667 | +€17,012 | +4.1% |
| Amounts payable | 17/49 | €933,064 | €903,623 | -€29,441 | -3.2% |
| Amounts payable after more than one year | 17 | €199,417 | €141,918 | -€57,500 | -28.8% |
| Financial debts | 170/4 | €199,417 | €141,918 | -€57,500 | -28.8% |
| Amounts payable within one year | 42/48 | €733,647 | €761,706 | +€28,059 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €107,500 | €57,500 | -€50,000 | -46.5% |
| Financial debts | 43 | €275,000 | €275,000 | = | 0.0% |
| Credit institutions | 430/8 | €275,000 | €275,000 | = | 0.0% |
| Trade debts | 44 | €99,913 | €155,925 | +€56,012 | +56.1% |
| Suppliers | 440/4 | €99,913 | €155,925 | +€56,012 | +56.1% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,387 | €4,769 | -€1,619 | -25.3% |
| Taxes | 450/3 | €460 | €725 | +€264 | +57.5% |
| Remuneration and social security | 454/9 | €5,927 | €4,044 | -€1,883 | -31.8% |
| Other amounts payable | 47/48 | €244,847 | €268,512 | +€23,665 | +9.7% |
| Remuneration, social security and pensions | 62 | €61,822 | €52,816 | -€9,007 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,936 | €118,212 | -€12,724 | -9.7% |
| Other operating charges | 640/8 | €16,176 | €16,549 | +€373 | +2.3% |
| Gross operating margin | 9900 | €260,045 | €211,161 | -€48,884 | -18.8% |
| Operating profit (loss) | 9901 | €51,110 | €23,583 | -€27,527 | -53.9% |
| Financial income | 75/76B | €121 | €73 | -€48 | -39.5% |
| Recurring financial income | 75 | €121 | €73 | -€48 | -39.5% |
| Financial charges | 65/66B | €17,849 | €18,293 | +€444 | +2.5% |
| Recurring financial charges | 65 | €17,849 | €18,293 | +€444 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €33,382 | €5,363 | -€28,018 | -83.9% |
| Income taxes | 67/77 | €309 | €313 | +€4 | +1.4% |
| Profit (loss) for the period | 9904 | €33,073 | €5,050 | -€28,023 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,073 | €5,050 | -€28,023 | -84.7% |
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 10 October 2026 via checked.be.