ROUGRAFF: 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.
ROUGRAFF
Largest movements
- Receivables within one year -€333,279
down €333,279 (-37.9%), from €878,892 to €545,613
of which Trade receivables: -€244,522
- Cash +€86,462
up €86,462 (+23910.9%), from €362 to €86,823
mainly Receivables within one year (+€333,279) and Depreciation (+€122,401)
- Trade debts -€165,513
down €165,513 (-77.8%), from €212,762 to €47,249
- Short-term financial debts -€130,480
down €130,480 (-100.0%), from €130,480 to €0
- Other debts +€46,013
up €46,013, from €0 to €46,013
- Profit (loss) carried forward +€38,648
up €38,648 (+22.6%), from €171,302 to €209,950
- Debts after one year -€27,999
down €27,999 (-10.4%), from €270,191 to €242,192
- Depreciation +€21,386
up €21,386 (+21.2%), from €101,014 to €122,401
- Gross operating margin +€17,227
up €17,227 (+2.3%), from €734,737 to €751,964
- Financial charges -€16,584
down €16,584 (-42.6%), from €38,889 to €22,305
of which Non-recurring financial charges: -€15,514
- Financial income +€11,983
new in 2025: €11,983
- Taxes +€8,385
up €8,385 (+121.6%), from €6,893 to €15,278
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 | €1,282,955 | €1,032,173 | -€250,782 | -19.5% |
| Fixed assets | 21/28 | €396,199 | €383,398 | -€12,801 | -3.2% |
| Tangible fixed assets | 22/27 | €395,434 | €382,633 | -€12,801 | -3.2% |
| Plant, machinery and equipment | 23 | €1,063 | €483 | -€580 | -54.5% |
| Furniture and vehicles | 24 | €172,041 | €209,823 | +€37,782 | +22.0% |
| Leasing and similar rights | 25 | €222,330 | €172,328 | -€50,002 | -22.5% |
| Financial fixed assets | 28 | €765 | €765 | = | 0.0% |
| Current assets | 29/58 | €886,756 | €648,775 | -€237,982 | -26.8% |
| Stocks and contracts in progress | 3 | €2,950 | €5,457 | +€2,507 | +85.0% |
| Stocks | 30/36 | €2,950 | €5,457 | +€2,507 | +85.0% |
| Amounts receivable within one year | 40/41 | €878,892 | €545,613 | -€333,279 | -37.9% |
| Trade receivables | 40 | €788,176 | €543,654 | -€244,522 | -31.0% |
| Other amounts receivable | 41 | €90,716 | €1,959 | -€88,757 | -97.8% |
| Cash at bank and in hand | 54/58 | €362 | €86,823 | +€86,462 | +23910.9% |
| Deferred charges and accrued income | 490/1 | €4,552 | €10,881 | +€6,329 | +139.0% |
| Total equity and liabilities | 10/49 | €1,282,955 | €1,032,173 | -€250,782 | -19.5% |
| Equity | 10/15 | €470,302 | €508,950 | +€38,648 | +8.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €279,000 | €279,000 | = | 0.0% |
| Distributable reserves | 133 | €279,000 | €279,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €171,302 | €209,950 | +€38,648 | +22.6% |
| Amounts payable | 17/49 | €812,654 | €523,223 | -€289,431 | -35.6% |
| Amounts payable after more than one year | 17 | €270,191 | €242,192 | -€27,999 | -10.4% |
| Financial debts | 170/4 | €270,191 | €242,192 | -€27,999 | -10.4% |
| Amounts payable within one year | 42/48 | €542,142 | €279,554 | -€262,588 | -48.4% |
| Current portion of amounts payable after more than one year | 42 | €105,470 | €109,689 | +€4,218 | +4.0% |
| Financial debts | 43 | €130,480 | €0 | -€130,480 | -100.0% |
| Credit institutions | 430/8 | €130,480 | €0 | -€130,480 | -100.0% |
| Trade debts | 44 | €212,762 | €47,249 | -€165,513 | -77.8% |
| Suppliers | 440/4 | €212,762 | €47,249 | -€165,513 | -77.8% |
| Taxes, remuneration and social security | 45 | €93,430 | €76,603 | -€16,827 | -18.0% |
| Taxes | 450/3 | €41,513 | €36,261 | -€5,252 | -12.7% |
| Remuneration and social security | 454/9 | €51,917 | €40,342 | -€11,575 | -22.3% |
| Other amounts payable | 47/48 | €0 | €46,013 | +€46,013 | |
| Accrued charges and deferred income | 492/3 | €321 | €1,477 | +€1,156 | +360.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €532,874 | €531,821 | -€1,053 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,014 | €122,401 | +€21,386 | +21.2% |
| Other operating charges | 640/8 | €34,760 | €33,493 | -€1,266 | -3.6% |
| Gross operating margin | 9900 | €734,737 | €751,964 | +€17,227 | +2.3% |
| Operating profit (loss) | 9901 | €66,089 | €64,249 | -€1,840 | -2.8% |
| Financial income | 75/76B | - | €11,983 | +€11,983 | |
| Recurring financial income | 75 | - | €11,983 | +€11,983 | |
| Financial charges | 65/66B | €38,889 | €22,305 | -€16,584 | -42.6% |
| Recurring financial charges | 65 | €23,376 | €22,305 | -€1,071 | -4.6% |
| Non-recurring financial charges | 66B | €15,514 | €0 | -€15,514 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €27,199 | €53,927 | +€26,727 | +98.3% |
| Income taxes | 67/77 | €6,893 | €15,278 | +€8,385 | +121.6% |
| Profit (loss) for the period | 9904 | €20,306 | €38,648 | +€18,342 | +90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,306 | €38,648 | +€18,342 | +90.3% |
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 4 October 2026 via checked.be.