ROPECO: 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.
ROPECO
Largest movements
- Receivables within one year -€46,471
down €46,471 (-78.3%), from €59,349 to €12,878
of which Trade receivables: -€46,337
- Tangible fixed assets -€10,275
down €10,275 (-2.0%), from €518,606 to €508,331
- Debts after one year -€40,299
down €40,299 (-12.5%), from €321,698 to €281,399
- Other debts +€33,794
up €33,794 (+34.1%), from €99,160 to €132,955
- Accrued charges and deferred income -€33,189
down €33,189 (-79.2%), from €41,922 to €8,732
- Tax, wage and social debts -€18,804
down €18,804 (-81.8%), from €22,996 to €4,192
- Other operating charges -€7,435
down €7,435 (-74.1%), from €10,038 to €2,603
- Taxes -€6,339
down €6,339 (-79.4%), from €7,980 to €1,641
- Financial charges -€5,807
down €5,807 (-24.7%), from €23,486 to €17,679
- Gross operating margin -€5,382
down €5,382 (-13.5%), from €39,777 to €34,394
- Financial income -€5,021
down €5,021 (-97.2%), from €5,167 to €146
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 | €605,630 | €550,939 | -€54,690 | -9.0% |
| Fixed assets | 21/28 | €518,606 | €508,331 | -€10,275 | -2.0% |
| Tangible fixed assets | 22/27 | €518,606 | €508,331 | -€10,275 | -2.0% |
| Land and buildings | 22 | €518,606 | €508,331 | -€10,275 | -2.0% |
| Current assets | 29/58 | €87,024 | €42,609 | -€44,415 | -51.0% |
| Amounts receivable after more than one year | 29 | €27,000 | €27,000 | = | 0.0% |
| Trade receivables | 290 | €27,000 | €27,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €59,349 | €12,878 | -€46,471 | -78.3% |
| Trade receivables | 40 | €59,215 | €12,878 | -€46,337 | -78.3% |
| Other amounts receivable | 41 | €134 | - | -€134 | |
| Cash at bank and in hand | 54/58 | €314 | €1,515 | +€1,201 | +382.2% |
| Deferred charges and accrued income | 490/1 | €361 | €1,216 | +€855 | +237.1% |
| Total equity and liabilities | 10/49 | €605,630 | €550,939 | -€54,690 | -9.0% |
| Equity | 10/15 | €25,742 | €28,085 | +€2,343 | +9.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €14,370 | €16,712 | +€2,343 | +16.3% |
| Distributable reserves | 133 | €14,370 | €16,712 | +€2,343 | +16.3% |
| Profit (loss) carried forward | 14 | €1,372 | €1,372 | = | 0.0% |
| Amounts payable | 17/49 | €579,888 | €522,855 | -€57,033 | -9.8% |
| Amounts payable after more than one year | 17 | €321,698 | €281,399 | -€40,299 | -12.5% |
| Financial debts | 170/4 | €321,698 | €281,399 | -€40,299 | -12.5% |
| Amounts payable within one year | 42/48 | €216,268 | €232,723 | +€16,455 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €43,755 | €49,052 | +€5,297 | +12.1% |
| Trade debts | 44 | €50,357 | €46,524 | -€3,832 | -7.6% |
| Suppliers | 440/4 | €50,357 | €46,524 | -€3,832 | -7.6% |
| Taxes, remuneration and social security | 45 | €22,996 | €4,192 | -€18,804 | -81.8% |
| Taxes | 450/3 | €22,996 | €4,192 | -€18,804 | -81.8% |
| Other amounts payable | 47/48 | €99,160 | €132,955 | +€33,794 | +34.1% |
| Accrued charges and deferred income | 492/3 | €41,922 | €8,732 | -€33,189 | -79.2% |
| Non-recurring operating income | 76A | - | €27,004 | +€27,004 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,037 | €10,275 | +€238 | +2.4% |
| Other operating charges | 640/8 | €10,038 | €2,603 | -€7,435 | -74.1% |
| Gross operating margin | 9900 | €39,777 | €34,394 | -€5,382 | -13.5% |
| Operating profit (loss) | 9901 | €19,702 | €21,516 | +€1,814 | +9.2% |
| Financial income | 75/76B | €5,167 | €146 | -€5,021 | -97.2% |
| Recurring financial income | 75 | €5,167 | €146 | -€5,021 | -97.2% |
| Financial charges | 65/66B | €23,486 | €17,679 | -€5,807 | -24.7% |
| Recurring financial charges | 65 | €23,486 | €17,679 | -€5,807 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €1,384 | €3,984 | +€2,600 | +187.9% |
| Income taxes | 67/77 | €7,980 | €1,641 | -€6,339 | -79.4% |
| Profit (loss) for the period | 9904 | -€6,596 | €2,343 | +€8,939 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,596 | €2,343 | +€8,939 |
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 8 October 2026 via checked.be.