ROX: what changed
Two financial 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.
ROX
Largest movements
- Receivables within one year -€963,176
down €963,176 (-58.8%), from €1.6m to €674,996
of which Other amounts receivable: -€914,920
- Cash +€509,336
up €509,336 (+334%), from €152,638 to €661,973
mainly Receivables within one year (+€963,176) and Net result for the year (+€653,386)
- Stocks and contracts -€93,022
down €93,022 (-11.1%), from €839,730 to €746,708
- Tax, wage and social debts -€900,025
down €900,025 (-83.6%), from €1.1m to €176,457
of which Taxes: -€915,509
- Other debts +€480,000
up €480,000, from €0 to €480,000
- Debts after one year -€331,227
down €331,227 (-100%), from €331,227 to €0
- Reserves +€173,386
up €173,386 (+13.7%), from €1.3m to €1.4m
of which Distributable reserves: +€173,386
- Gross operating margin +€364,729
up €364,729 (+47.7%), from €764,431 to €1.1m
- Staff costs +€29,874
up €29,874 (+7.9%), from €380,155 to €410,029
- Taxes -€28,248
down €28,248 (-31.0%), from €91,099 to €62,851
- Financial charges -€17,289
down €17,289 (-72.2%), from €23,947 to €6,658
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.
Derived cash bridge
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 | €2,807,371 | €2,218,244 | -€589,127 | -21.0% |
| Fixed assets | 21/28 | €158,428 | €127,173 | -€31,255 | -19.7% |
| Intangible fixed assets | 21 | €43,769 | €27,050 | -€16,720 | -38.2% |
| Tangible fixed assets | 22/27 | €114,444 | €99,909 | -€14,535 | -12.7% |
| Plant, machinery and equipment | 23 | €41,994 | €28,766 | -€13,228 | -31.5% |
| Furniture and vehicles | 24 | €72,450 | €71,143 | -€1,307 | -1.8% |
| Financial fixed assets | 28 | €215 | €215 | = | 0.0% |
| Current assets | 29/58 | €2,648,944 | €2,091,071 | -€557,873 | -21.1% |
| Stocks and contracts in progress | 3 | €839,730 | €746,708 | -€93,022 | -11.1% |
| Stocks | 30/36 | €839,730 | €746,708 | -€93,022 | -11.1% |
| Amounts receivable within one year | 40/41 | €1,638,172 | €674,996 | -€963,176 | -58.8% |
| Trade receivables | 40 | €723,152 | €674,897 | -€48,256 | -6.7% |
| Other amounts receivable | 41 | €915,020 | €99 | -€914,920 | -100.0% |
| Cash at bank and in hand | 54/58 | €152,638 | €661,973 | +€509,336 | +334% |
| Deferred charges and accrued income | 490/1 | €18,404 | €7,393 | -€11,010 | -59.8% |
| Total equity and liabilities | 10/49 | €2,807,371 | €2,218,244 | -€589,127 | -21.0% |
| Equity | 10/15 | €1,284,631 | €1,458,017 | +€173,386 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,266,031 | €1,439,417 | +€173,386 | +13.7% |
| Tax-exempt reserves | 132 | €213,312 | €213,312 | = | 0.0% |
| Distributable reserves | 133 | €1,052,719 | €1,226,105 | +€173,386 | +16.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,522,740 | €760,228 | -€762,513 | -50.1% |
| Amounts payable after more than one year | 17 | €331,227 | €0 | -€331,227 | -100% |
| Other amounts payable | 178/9 | €331,227 | €0 | -€331,227 | -100% |
| Amounts payable within one year | 42/48 | €1,178,521 | €760,078 | -€418,443 | -35.5% |
| Trade debts | 44 | €102,039 | €103,621 | +€1,582 | +1.6% |
| Suppliers | 440/4 | €102,039 | €103,621 | +€1,582 | +1.6% |
| Taxes, remuneration and social security | 45 | €1,076,482 | €176,457 | -€900,025 | -83.6% |
| Taxes | 450/3 | €985,970 | €70,461 | -€915,509 | -92.9% |
| Remuneration and social security | 454/9 | €90,512 | €105,996 | +€15,484 | +17.1% |
| Other amounts payable | 47/48 | €0 | €480,000 | +€480,000 | |
| Accrued charges and deferred income | 492/3 | €12,992 | €150 | -€12,842 | -98.8% |
| Non-recurring operating income | 76A | €7,061 | €0 | -€7,061 | -100% |
| Remuneration, social security and pensions | 62 | €380,155 | €410,029 | +€29,874 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,647 | €61,375 | -€6,272 | -9.3% |
| Other operating charges | 640/8 | €3,009 | €3,202 | +€193 | +6.4% |
| Non-recurring operating charges | 66A | €18,537 | €0 | -€18,537 | -100% |
| Gross operating margin | 9900 | €764,431 | €1,129,160 | +€364,729 | +47.7% |
| Operating profit (loss) | 9901 | €295,083 | €654,554 | +€359,471 | +122% |
| Financial income | 75/76B | €74,493 | €68,341 | -€6,152 | -8.3% |
| Recurring financial income | 75 | €74,493 | €68,341 | -€6,152 | -8.3% |
| Financial charges | 65/66B | €23,947 | €6,658 | -€17,289 | -72.2% |
| Recurring financial charges | 65 | €23,947 | €6,658 | -€17,289 | -72.2% |
| Profit (loss) for the period before taxes | 9903 | €345,629 | €716,237 | +€370,607 | +107% |
| Income taxes | 67/77 | €91,099 | €62,851 | -€28,248 | -31.0% |
| Profit (loss) for the period | 9904 | €254,530 | €653,386 | +€398,856 | +157% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €0 | -€84,200 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €170,330 | €653,386 | +€483,056 | +284% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.