ROPE: 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.
ROPE
Largest movements
- Receivables within one year +€75,434
up €75,434 (+109.5%), from €68,893 to €144,327
of which Trade receivables: +€45,276
- Cash -€35,040
down €35,040 (-88.6%), from €39,570 to €4,530
mainly Receivables within one year (-€75,434) and Investment in fixed assets (net) (-€18,594)
- Tangible fixed assets +€11,220
up €11,220 (+55.3%), from €20,305 to €31,525
of which Plant, machinery and equipment: +€9,081
- Deferred charges and accrued income +€2,942
up €2,942 (+757.9%), from €388 to €3,331
- Other debts +€37,295
new in 2025: €37,295
- Reserves +€15,539
up €15,539 (+30.8%), from €50,387 to €65,926
- Tax, wage and social debts +€12,674
up €12,674 (+47.2%), from €26,846 to €39,519
of which Taxes: +€8,934
- Trade debts -€10,424
down €10,424 (-21.3%), from €48,874 to €38,450
- Gross operating margin -€18,368
down €18,368 (-24.1%), from €76,257 to €57,889
- Other operating charges +€15,544
up €15,544 (+5079.5%), from €306 to €15,850
- Depreciation +€4,959
up €4,959 (+205.3%), from €2,415 to €7,374
- Financial income +€1,471
up €1,471 (+356.0%), from €413 to €1,885
- Taxes -€1,386
down €1,386 (-9.9%), from €13,961 to €12,575
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 | €129,157 | €183,713 | +€54,556 | +42.2% |
| Fixed assets | 21/28 | €20,305 | €31,525 | +€11,220 | +55.3% |
| Tangible fixed assets | 22/27 | €20,305 | €31,525 | +€11,220 | +55.3% |
| Plant, machinery and equipment | 23 | €1,479 | €10,560 | +€9,081 | +613.8% |
| Furniture and vehicles | 24 | €18,825 | €20,965 | +€2,140 | +11.4% |
| Current assets | 29/58 | €108,852 | €152,187 | +€43,336 | +39.8% |
| Amounts receivable within one year | 40/41 | €68,893 | €144,327 | +€75,434 | +109.5% |
| Trade receivables | 40 | €46,551 | €91,827 | +€45,276 | +97.3% |
| Other amounts receivable | 41 | €22,342 | €52,500 | +€30,158 | +135.0% |
| Cash at bank and in hand | 54/58 | €39,570 | €4,530 | -€35,040 | -88.6% |
| Deferred charges and accrued income | 490/1 | €388 | €3,331 | +€2,942 | +757.9% |
| Total equity and liabilities | 10/49 | €129,157 | €183,713 | +€54,556 | +42.2% |
| Equity | 10/15 | €52,887 | €68,426 | +€15,539 | +29.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €50,387 | €65,926 | +€15,539 | +30.8% |
| Distributable reserves | 133 | €50,387 | €65,926 | +€15,539 | +30.8% |
| Amounts payable | 17/49 | €76,270 | €115,287 | +€39,017 | +51.2% |
| Amounts payable within one year | 42/48 | €75,720 | €115,264 | +€39,544 | +52.2% |
| Trade debts | 44 | €48,874 | €38,450 | -€10,424 | -21.3% |
| Suppliers | 440/4 | €48,874 | €38,450 | -€10,424 | -21.3% |
| Taxes, remuneration and social security | 45 | €26,846 | €39,519 | +€12,674 | +47.2% |
| Taxes | 450/3 | €26,846 | €35,780 | +€8,934 | +33.3% |
| Remuneration and social security | 454/9 | - | €3,740 | +€3,740 | |
| Other amounts payable | 47/48 | - | €37,295 | +€37,295 | |
| Accrued charges and deferred income | 492/3 | €550 | €23 | -€527 | -95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,415 | €7,374 | +€4,959 | +205.3% |
| Other operating charges | 640/8 | €306 | €15,850 | +€15,544 | +5079.5% |
| Gross operating margin | 9900 | €76,257 | €57,889 | -€18,368 | -24.1% |
| Operating profit (loss) | 9901 | €73,536 | €34,665 | -€38,871 | -52.9% |
| Financial income | 75/76B | €413 | €1,885 | +€1,471 | +356.0% |
| Recurring financial income | 75 | €413 | €1,885 | +€1,471 | +356.0% |
| Financial charges | 65/66B | €9,602 | €8,436 | -€1,166 | -12.1% |
| Recurring financial charges | 65 | €9,602 | €8,436 | -€1,166 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €64,348 | €28,114 | -€36,234 | -56.3% |
| Income taxes | 67/77 | €13,961 | €12,575 | -€1,386 | -9.9% |
| Profit (loss) for the period | 9904 | €50,387 | €15,539 | -€34,848 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,387 | €15,539 | -€34,848 | -69.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.