ROUADI: 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.
ROUADI
Largest movements
- Deferred charges and accrued income +€7,629
up €7,629 (+51.0%), from €14,973 to €22,602
- Tangible fixed assets +€5,931
up €5,931 (+131.0%), from €4,528 to €10,459
of which Plant, machinery and equipment: +€4,473
- Cash -€3,573
down €3,573 (-62.0%), from €5,767 to €2,194
mainly Other debts (-€36,578) and Investment in fixed assets (net) (-€8,848)
- Receivables within one year -€3,565
down €3,565 (-89.9%), from €3,966 to €401
of which Trade receivables: -€3,966
- Stocks and contracts -€772
no longer reported in 2025 (was €772)
- Profit (loss) carried forward +€39,427
up €39,427 (+27.9%), from -€141,079 to -€101,652
- Other debts -€36,578
down €36,578 (-25.3%), from €144,405 to €107,827
- Trade debts +€1,729
new in 2025: €1,729
- Gross operating margin +€20,410
up €20,410 (+63.1%), from €32,366 to €52,776
- Staff costs -€18,636
down €18,636 (-65.5%), from €28,470 to €9,834
- Depreciation +€2,037
up €2,037 (+158.9%), from €1,282 to €3,319
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 | €30,408 | €35,656 | +€5,248 | +17.3% |
| Fixed assets | 21/28 | €4,930 | €10,459 | +€5,529 | +112.2% |
| Tangible fixed assets | 22/27 | €4,528 | €10,459 | +€5,931 | +131.0% |
| Land and buildings | 22 | €3,132 | €2,800 | -€332 | -10.6% |
| Plant, machinery and equipment | 23 | €77 | €4,550 | +€4,473 | +5809.1% |
| Furniture and vehicles | 24 | €1,319 | €3,109 | +€1,790 | +135.7% |
| Financial fixed assets | 28 | €402 | - | -€402 | |
| Current assets | 29/58 | €25,478 | €25,197 | -€281 | -1.1% |
| Stocks and contracts in progress | 3 | €772 | - | -€772 | |
| Stocks | 30/36 | €772 | - | -€772 | |
| Amounts receivable within one year | 40/41 | €3,966 | €401 | -€3,565 | -89.9% |
| Trade receivables | 40 | €3,966 | - | -€3,966 | |
| Other amounts receivable | 41 | - | €401 | +€401 | |
| Cash at bank and in hand | 54/58 | €5,767 | €2,194 | -€3,573 | -62.0% |
| Deferred charges and accrued income | 490/1 | €14,973 | €22,602 | +€7,629 | +51.0% |
| Total equity and liabilities | 10/49 | €30,408 | €35,656 | +€5,248 | +17.3% |
| Equity | 10/15 | -€122,036 | -€82,609 | +€39,427 | +32.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €443 | €443 | = | 0.0% |
| Non-distributable reserves | 130/1 | €443 | - | -€443 | |
| Reserves not available under the articles | 1311 | €443 | - | -€443 | |
| Distributable reserves | 133 | - | €443 | +€443 | |
| Profit (loss) carried forward | 14 | -€141,079 | -€101,652 | +€39,427 | +27.9% |
| Amounts payable | 17/49 | €152,444 | €118,265 | -€34,179 | -22.4% |
| Amounts payable within one year | 42/48 | €151,653 | €117,149 | -€34,504 | -22.8% |
| Trade debts | 44 | - | €1,729 | +€1,729 | |
| Suppliers | 440/4 | - | €1,729 | +€1,729 | |
| Taxes, remuneration and social security | 45 | €7,248 | €7,593 | +€345 | +4.8% |
| Taxes | 450/3 | €5,008 | €4,974 | -€34 | -0.7% |
| Remuneration and social security | 454/9 | €2,240 | €2,619 | +€379 | +16.9% |
| Other amounts payable | 47/48 | €144,405 | €107,827 | -€36,578 | -25.3% |
| Accrued charges and deferred income | 492/3 | €791 | €1,116 | +€325 | +41.1% |
| Remuneration, social security and pensions | 62 | €28,470 | €9,834 | -€18,636 | -65.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,282 | €3,319 | +€2,037 | +158.9% |
| Other operating charges | 640/8 | €2 | - | -€2 | |
| Gross operating margin | 9900 | €32,366 | €52,776 | +€20,410 | +63.1% |
| Operating profit (loss) | 9901 | €2,612 | €39,623 | +€37,011 | +1417.0% |
| Financial charges | 65/66B | €220 | €196 | -€24 | -10.9% |
| Recurring financial charges | 65 | €220 | €196 | -€24 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €2,392 | €39,427 | +€37,035 | +1548.3% |
| Profit (loss) for the period | 9904 | €2,392 | €39,427 | +€37,035 | +1548.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,392 | €39,427 | +€37,035 | +1548.3% |
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.