RoRe: 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.
RoRe
Largest movements
- Receivables within one year +€22,035
up €22,035 (+155.2%), from €14,199 to €36,234
of which Trade receivables: +€21,448
- Tangible fixed assets -€18,843
down €18,843 (-35.1%), from €53,729 to €34,886
of which Furniture and vehicles: -€11,874
- Cash -€10,531
down €10,531 (-19.9%), from €52,917 to €42,386
mainly Receivables within one year (-€22,035) and Current portion of long-term debt (-€9,273)
- Current portion of long-term debt -€9,273
down €9,273 (-51.3%), from €18,074 to €8,802
- Debts after one year -€8,189
down €8,189 (-81.9%), from €10,004 to €1,815
- Profit (loss) carried forward +€7,592
up €7,592, from -€5,165 to €2,427
- Trade debts +€2,329
up €2,329 (+222.3%), from €1,047 to €3,376
- Turnover -€81,560
no longer reported in 2025 (was €81,560)
- Purchases and services -€59,849
no longer reported in 2025 (was €59,849)
- Gross operating margin +€10,046
up €10,046 (+46.0%), from €21,825 to €31,871
- Other operating charges -€1,603
down €1,603 (-67.4%), from €2,377 to €774
- Taxes +€1,067
up €1,067 (+705.3%), from €151 to €1,218
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 | €126,357 | €119,100 | -€7,257 | -5.7% |
| Formation expenses | 20 | €422 | €132 | -€289 | -68.6% |
| Fixed assets | 21/28 | €53,729 | €34,886 | -€18,843 | -35.1% |
| Tangible fixed assets | 22/27 | €53,729 | €34,886 | -€18,843 | -35.1% |
| Plant, machinery and equipment | 23 | €2,532 | €1,786 | -€746 | -29.5% |
| Furniture and vehicles | 24 | €21,312 | €9,438 | -€11,874 | -55.7% |
| Leasing and similar rights | 25 | €29,885 | €23,662 | -€6,222 | -20.8% |
| Current assets | 29/58 | €72,207 | €84,082 | +€11,875 | +16.4% |
| Stocks and contracts in progress | 3 | €443 | €443 | = | 0.0% |
| Stocks | 30/36 | €443 | €443 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,199 | €36,234 | +€22,035 | +155.2% |
| Trade receivables | 40 | €13,161 | €34,608 | +€21,448 | +163.0% |
| Other amounts receivable | 41 | €1,038 | €1,625 | +€587 | +56.6% |
| Cash at bank and in hand | 54/58 | €52,917 | €42,386 | -€10,531 | -19.9% |
| Deferred charges and accrued income | 490/1 | €4,647 | €5,019 | +€372 | +8.0% |
| Total equity and liabilities | 10/49 | €126,357 | €119,100 | -€7,257 | -5.7% |
| Equity | 10/15 | €94,835 | €102,427 | +€7,592 | +8.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,165 | €2,427 | +€7,592 | |
| Amounts payable | 17/49 | €31,522 | €16,674 | -€14,848 | -47.1% |
| Amounts payable after more than one year | 17 | €10,004 | €1,815 | -€8,189 | -81.9% |
| Financial debts | 170/4 | €10,004 | €1,815 | -€8,189 | -81.9% |
| Amounts payable within one year | 42/48 | €21,506 | €14,859 | -€6,647 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €18,074 | €8,802 | -€9,273 | -51.3% |
| Trade debts | 44 | €1,047 | €3,376 | +€2,329 | +222.3% |
| Suppliers | 440/4 | €1,047 | €3,376 | +€2,329 | +222.3% |
| Taxes, remuneration and social security | 45 | €1,773 | €2,681 | +€908 | +51.2% |
| Taxes | 450/3 | €1,773 | €2,681 | +€908 | +51.2% |
| Other amounts payable | 47/48 | €611 | €0 | -€611 | -100.0% |
| Accrued charges and deferred income | 492/3 | €12 | €0 | -€12 | -100.0% |
| Turnover | 70 | €81,560 | - | -€81,560 | |
| Goods, raw materials, services and sundry goods | 60/61 | €59,849 | - | -€59,849 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,090 | €20,431 | +€341 | +1.7% |
| Other operating charges | 640/8 | €2,377 | €774 | -€1,603 | -67.4% |
| Gross operating margin | 9900 | €21,825 | €31,871 | +€10,046 | +46.0% |
| Operating profit (loss) | 9901 | -€643 | €10,666 | +€11,308 | |
| Financial charges | 65/66B | €1,706 | €1,856 | +€149 | +8.8% |
| Recurring financial charges | 65 | €1,706 | €1,856 | +€149 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,349 | €8,810 | +€11,159 | |
| Income taxes | 67/77 | €151 | €1,218 | +€1,067 | +705.3% |
| Profit (loss) for the period | 9904 | -€2,500 | €7,592 | +€10,092 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,500 | €7,592 | +€10,092 |
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 6 October 2026 via checked.be.