ROX IMMO: 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.
What changed
ROX IMMO
NACE 68.110, Buying and selling of own real estate
fiscal year 31-03-2025 against 31-12-2025filed annual accounts (NBB)
Net result for the year
-€345,536
31-03-2025 · -€124,878-€220,658
Equity
€2.8m
31-03-2025 · €3.2m-€345,536
Cash
€117,793
31-03-2025 · €135,931-€18,138
Balance sheet total
€12.8m
31-03-2025 · €11.0m+€1.8m
Largest movements
Assets
- Tangible fixed assets +€1.8m
up €1.8m (+17.1%), from €10.2m to €12.0m
of which Land and buildings: +€1.8m
Equity and liabilities
- Short-term financial debts +€900,000
new in 2025: €900,000
- Other debts +€884,194
up €884,194 (+98.3%), from €899,536 to €1.8m
- Debts after one year +€378,304
up €378,304 (+7.1%), from €5.3m to €5.7m
- Profit (loss) carried forward -€266,568
down €266,568 (-39.0%), from €682,846 to €416,278
Income statement
- Gross operating margin -€426,754
down €426,754 (-36.4%), from €1.2m to €745,937
- Depreciation -€114,283
down €114,283 (-16.1%), from €709,056 to €594,773
- Financial charges -€65,615
down €65,615 (-21.8%), from €300,830 to €235,214
- Staff costs -€12,830
down €12,830 (-24.5%), from €52,453 to €39,624
From the 31-03-2025 result to the 31-12-2025 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.
Result 31-03-2025
-€124,878
Gross operating margin
-€426,754
Staff costs
+€12,830
Depreciation
+€114,283
Write-downs
-€7,755
Other operating charges
-€5,131
Other operating items
+€34,661
Financial income
+€262
Financial charges
+€65,615
Taxes
+€104
Deferred taxes and other
-€8,774
Result 31-12-2025
-€345,536
Cash bridge derived
Derived from the 31-03-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€955,438
Investment
-€2.3m
Financing
+€1.4m
Cash 31-03-2025
€135,931
From operations (derived)
+€955,438
Net result for the year
-€345,536
Depreciation
+€594,773
Receivables within one year
-€52,883
Deferred charges and accrued income
-€15,321
Provisions
-€26,323
Trade debts
-€103,541
Tax, wage and social debts
+€9,286
Other debts
+€884,194
Accrued charges and deferred income
+€10,789
Investment (derived)
-€2.3m
Investment in fixed assets (net)
-€2.3m
Financing
+€1.4m
Debts after one year
+€378,304
Current portion of long-term debt
+€93,072
Short-term financial debts
+€900,000
Cash 31-12-2025
€117,793
Every line side by side
| Line | Code | 31-03-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,993,894 | €12,794,139 | +€1.8m | +16.4% |
| Formation expenses | 20 | €2,929 | €2,592 | -€337 | -11.5% |
| Fixed assets | 21/28 | €10,256,921 | €12,007,438 | +€1.8m | +17.1% |
| Tangible fixed assets | 22/27 | €10,231,677 | €11,982,195 | +€1.8m | +17.1% |
| Land and buildings | 22 | €9,354,320 | €11,166,064 | +€1.8m | +19.4% |
| Plant, machinery and equipment | 23 | €134,610 | €114,744 | -€19,866 | -14.8% |
| Furniture and vehicles | 24 | €78,883 | €68,710 | -€10,173 | -12.9% |
| Leasing and similar rights | 25 | €663,863 | €632,677 | -€31,187 | -4.7% |
| Financial fixed assets | 28 | €25,244 | €25,244 | = | 0.0% |
| Current assets | 29/58 | €734,043 | €784,109 | +€50,065 | +6.8% |
| Amounts receivable within one year | 40/41 | €587,358 | €640,240 | +€52,883 | +9.0% |
| Trade receivables | 40 | €116,494 | €295,682 | +€179,188 | +153.8% |
| Other amounts receivable | 41 | €470,864 | €344,558 | -€126,306 | -26.8% |
| Cash at bank and in hand | 54/58 | €135,931 | €117,793 | -€18,138 | -13.3% |
| Deferred charges and accrued income | 490/1 | €10,755 | €26,076 | +€15,321 | +142.5% |
| Total equity and liabilities | 10/49 | €10,993,894 | €12,794,139 | +€1.8m | +16.4% |
| Equity | 10/15 | €3,184,732 | €2,839,195 | -€345,536 | -10.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,440,386 | €2,361,417 | -€78,969 | -3.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,794,236 | €1,715,267 | -€78,969 | -4.4% |
| Distributable reserves | 133 | €640,000 | €640,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €682,846 | €416,278 | -€266,568 | -39.0% |
| Provisions and deferred taxes | 16 | €596,995 | €570,672 | -€26,323 | -4.4% |
| Deferred taxes | 168 | €596,995 | €570,672 | -€26,323 | -4.4% |
| Amounts payable | 17/49 | €7,212,167 | €9,384,271 | +€2.2m | +30.1% |
| Amounts payable after more than one year | 17 | €5,331,522 | €5,709,826 | +€378,304 | +7.1% |
| Financial debts | 170/4 | €5,331,522 | €5,709,826 | +€378,304 | +7.1% |
| Amounts payable within one year | 42/48 | €1,813,119 | €3,596,130 | +€1.8m | +98.3% |
| Current portion of amounts payable after more than one year | 42 | €755,347 | €848,419 | +€93,072 | +12.3% |
| Financial debts | 43 | - | €900,000 | +€900,000 | |
| Credit institutions | 430/8 | - | €900,000 | +€900,000 | |
| Trade debts | 44 | €123,394 | €19,853 | -€103,541 | -83.9% |
| Suppliers | 440/4 | €123,394 | €19,853 | -€103,541 | -83.9% |
| Taxes, remuneration and social security | 45 | €34,842 | €44,128 | +€9,286 | +26.7% |
| Taxes | 450/3 | €25,016 | €34,978 | +€9,963 | +39.8% |
| Remuneration and social security | 454/9 | €9,826 | €9,149 | -€677 | -6.9% |
| Other amounts payable | 47/48 | €899,536 | €1,783,731 | +€884,194 | +98.3% |
| Accrued charges and deferred income | 492/3 | €67,526 | €78,315 | +€10,789 | +16.0% |
| Remuneration, social security and pensions | 62 | €52,453 | €39,624 | -€12,830 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €709,056 | €594,773 | -€114,283 | -16.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,245 | €12,000 | +€7,755 | +182.7% |
| Other operating charges | 640/8 | €214,564 | €219,694 | +€5,131 | +2.4% |
| Non-recurring operating charges | 66A | €52,088 | €17,427 | -€34,661 | -66.5% |
| Gross operating margin | 9900 | €1,172,691 | €745,937 | -€426,754 | -36.4% |
| Operating profit (loss) | 9901 | €140,285 | -€137,581 | -€277,866 | |
| Financial income | 75/76B | €779 | €1,041 | +€262 | +33.7% |
| Recurring financial income | 75 | €779 | €1,041 | +€262 | +33.7% |
| Financial charges | 65/66B | €300,830 | €235,214 | -€65,615 | -21.8% |
| Recurring financial charges | 65 | €300,830 | €235,214 | -€65,615 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | -€159,766 | -€371,754 | -€211,988 | -132.7% |
| Transfer from deferred taxes | 780 | €35,097 | €26,323 | -€8,774 | -25.0% |
| Income taxes | 67/77 | €210 | €105 | -€104 | -49.8% |
| Profit (loss) for the period | 9904 | -€124,878 | -€345,536 | -€220,658 | -176.7% |
| Transfer from tax-exempt reserves | 789 | €105,292 | €78,969 | -€26,323 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,587 | -€266,568 | -€246,981 | -1261.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 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.