ROX: 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.
ROX
Largest movements
- Receivables within one year +€21,117
up €21,117 (+69.4%), from €30,440 to €51,557
of which Trade receivables: +€24,117
- Stocks and contracts -€11,885
down €11,885 (-24.9%), from €47,665 to €35,780
- Cash +€10,017
up €10,017 (+1732.9%), from €578 to €10,595
mainly Net result for the year (+€33,543) and Stocks and contracts (+€11,885)
- Profit (loss) carried forward +€33,543
up €33,543 (+23.1%), from -€145,417 to -€111,874
- Other debts -€8,230
down €8,230 (-39.8%), from €20,677 to €12,447
- Debts after one year -€7,251
down €7,251 (-4.1%), from €175,027 to €167,776
- Tax, wage and social debts +€1,725
up €1,725 (+3254.1%), from €53 to €1,778
- Gross operating margin -€31,929
down €31,929 (-44.3%), from €72,083 to €40,154
- Financial charges +€3,889
up €3,889 (+2797.2%), from €139 to €4,029
of which Non-recurring financial charges: +€3,895
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 | €84,078 | €103,835 | +€19,757 | +23.5% |
| Fixed assets | 21/28 | €5,395 | €5,445 | +€50 | +0.9% |
| Tangible fixed assets | 22/27 | €5,395 | €5,445 | +€50 | +0.9% |
| Furniture and vehicles | 24 | €5,395 | €5,445 | +€50 | +0.9% |
| Current assets | 29/58 | €78,683 | €98,390 | +€19,707 | +25.0% |
| Stocks and contracts in progress | 3 | €47,665 | €35,780 | -€11,885 | -24.9% |
| Stocks | 30/36 | €47,665 | €35,780 | -€11,885 | -24.9% |
| Amounts receivable within one year | 40/41 | €30,440 | €51,557 | +€21,117 | +69.4% |
| Trade receivables | 40 | €27,440 | €51,557 | +€24,117 | +87.9% |
| Other amounts receivable | 41 | €3,000 | - | -€3,000 | |
| Cash at bank and in hand | 54/58 | €578 | €10,595 | +€10,017 | +1732.9% |
| Deferred charges and accrued income | 490/1 | - | €459 | +€459 | |
| Total equity and liabilities | 10/49 | €84,078 | €103,835 | +€19,757 | +23.5% |
| Equity | 10/15 | -€126,867 | -€93,324 | +€33,543 | +26.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,417 | -€111,874 | +€33,543 | +23.1% |
| Amounts payable | 17/49 | €210,946 | €197,159 | -€13,786 | -6.5% |
| Amounts payable after more than one year | 17 | €175,027 | €167,776 | -€7,251 | -4.1% |
| Financial debts | 170/4 | €175,027 | €167,776 | -€7,251 | -4.1% |
| Amounts payable within one year | 42/48 | €35,919 | €29,384 | -€6,535 | -18.2% |
| Trade debts | 44 | €15,189 | €15,158 | -€30 | -0.2% |
| Suppliers | 440/4 | €15,189 | €15,158 | -€30 | -0.2% |
| Taxes, remuneration and social security | 45 | €53 | €1,778 | +€1,725 | +3254.1% |
| Taxes | 450/3 | €53 | €1,778 | +€1,725 | +3254.1% |
| Other amounts payable | 47/48 | €20,677 | €12,447 | -€8,230 | -39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,605 | €2,055 | +€450 | +28.1% |
| Other operating charges | 640/8 | €513 | €527 | +€14 | +2.8% |
| Gross operating margin | 9900 | €72,083 | €40,154 | -€31,929 | -44.3% |
| Operating profit (loss) | 9901 | €69,965 | €37,572 | -€32,394 | -46.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -25.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -25.0% |
| Financial charges | 65/66B | €139 | €4,029 | +€3,889 | +2797.2% |
| Recurring financial charges | 65 | €139 | €133 | -€6 | -4.3% |
| Non-recurring financial charges | 66B | - | €3,895 | +€3,895 | |
| Profit (loss) for the period before taxes | 9903 | €69,826 | €33,543 | -€36,283 | -52.0% |
| Profit (loss) for the period | 9904 | €69,826 | €33,543 | -€36,283 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €69,826 | €33,543 | -€36,283 | -52.0% |
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 28 September 2026 via checked.be.