ROUARD: 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.
ROUARD
Largest movements
- Cash +€49,278
up €49,278 (+126.1%), from €39,075 to €88,353
mainly Net result for the year (+€23,417) and Receivables within one year (+€20,766)
- Receivables within one year -€20,766
down €20,766 (-18.3%), from €113,504 to €92,739
of which Other amounts receivable: -€20,766
- Profit (loss) carried forward +€23,417
up €23,417 (+12.4%), from €188,366 to €211,783
- Trade debts +€3,495
up €3,495 (+505.5%), from €691 to €4,186
- Gross operating margin +€10,699
up €10,699 (+63.6%), from €16,834 to €27,532
- Financial income +€643
up €643 (+37.1%), from €1,732 to €2,375
- Depreciation +€430
up €430 (+22.9%), from €1,875 to €2,305
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 | €277,620 | €304,533 | +€26,912 | +9.7% |
| Fixed assets | 21/28 | €62,041 | €62,836 | +€795 | +1.3% |
| Tangible fixed assets | 22/27 | €50,541 | €51,336 | +€795 | +1.6% |
| Land and buildings | 22 | €47,334 | €45,529 | -€1,805 | -3.8% |
| Other tangible fixed assets | 26 | €3,208 | €2,707 | -€500 | -15.6% |
| Assets under construction and advance payments | 27 | - | €3,100 | +€3,100 | |
| Financial fixed assets | 28 | €11,500 | €11,500 | = | 0.0% |
| Current assets | 29/58 | €215,579 | €241,697 | +€26,118 | +12.1% |
| Amounts receivable after more than one year | 29 | €62,400 | €60,000 | -€2,400 | -3.8% |
| Other amounts receivable | 291 | €62,400 | €60,000 | -€2,400 | -3.8% |
| Amounts receivable within one year | 40/41 | €113,504 | €92,739 | -€20,766 | -18.3% |
| Trade receivables | 40 | €18,638 | €18,638 | = | 0.0% |
| Other amounts receivable | 41 | €94,867 | €74,101 | -€20,766 | -21.9% |
| Cash at bank and in hand | 54/58 | €39,075 | €88,353 | +€49,278 | +126.1% |
| Deferred charges and accrued income | 490/1 | €600 | €605 | +€5 | +0.8% |
| Total equity and liabilities | 10/49 | €277,620 | €304,533 | +€26,912 | +9.7% |
| Equity | 10/15 | €276,929 | €300,346 | +€23,417 | +8.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €63,563 | €63,563 | = | 0.0% |
| Distributable reserves | 133 | €63,563 | €63,563 | = | 0.0% |
| Profit (loss) carried forward | 14 | €188,366 | €211,783 | +€23,417 | +12.4% |
| Amounts payable | 17/49 | €691 | €4,186 | +€3,495 | +505.5% |
| Amounts payable within one year | 42/48 | €691 | €4,186 | +€3,495 | +505.5% |
| Trade debts | 44 | €691 | €4,186 | +€3,495 | +505.5% |
| Suppliers | 440/4 | €691 | €4,186 | +€3,495 | +505.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,875 | €2,305 | +€430 | +22.9% |
| Other operating charges | 640/8 | €3,728 | €3,845 | +€117 | +3.1% |
| Gross operating margin | 9900 | €16,834 | €27,532 | +€10,699 | +63.6% |
| Operating profit (loss) | 9901 | €11,230 | €21,382 | +€10,151 | +90.4% |
| Financial income | 75/76B | €1,732 | €2,375 | +€643 | +37.1% |
| Recurring financial income | 75 | €1,732 | €2,375 | +€643 | +37.1% |
| Financial charges | 65/66B | €334 | €339 | +€5 | +1.6% |
| Recurring financial charges | 65 | €334 | €339 | +€5 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €12,629 | €23,417 | +€10,789 | +85.4% |
| Profit (loss) for the period | 9904 | €12,629 | €23,417 | +€10,789 | +85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,629 | €23,417 | +€10,789 | +85.4% |
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 2 October 2026 via checked.be.