ROXAS BACKLINE: 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.
ROXAS BACKLINE
Largest movements
- Tangible fixed assets +€23,502
up €23,502 (+48.0%), from €48,968 to €72,470
of which Furniture and vehicles: +€28,741
- Receivables within one year -€4,721
down €4,721 (-16.5%), from €28,531 to €23,809
of which Trade receivables: -€4,632
- Cash +€2,079
up €2,079 (+16.3%), from €12,789 to €14,868
mainly Depreciation (+€20,549) and Debts after one year (+€15,402)
- Debts after one year +€15,402
up €15,402 (+62.2%), from €24,768 to €40,170
- Current portion of long-term debt +€4,394
up €4,394 (+30.4%), from €14,471 to €18,866
- Trade debts -€2,162
down €2,162 (-34.2%), from €6,312 to €4,150
- Gross operating margin +€2,573
up €2,573 (+9.7%), from €26,402 to €28,975
- Other operating charges +€1,375
up €1,375 (+84.0%), from €1,637 to €3,012
- Financial charges +€697
up €697 (+19.1%), from €3,650 to €4,347
- Financial income -€470
down €470 (-100%), from €470 to €0
- Write-downs -€400
down €400 (-100%), from €400 to €0
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 | €91,803 | €112,473 | +€20,670 | +22.5% |
| Fixed assets | 21/28 | €49,668 | €73,170 | +€23,502 | +47.3% |
| Tangible fixed assets | 22/27 | €48,968 | €72,470 | +€23,502 | +48.0% |
| Plant, machinery and equipment | 23 | €18,503 | €13,584 | -€4,919 | -26.6% |
| Furniture and vehicles | 24 | €29,184 | €57,925 | +€28,741 | +98.5% |
| Other tangible fixed assets | 26 | €1,282 | €961 | -€320 | -25.0% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €42,135 | €39,303 | -€2,832 | -6.7% |
| Amounts receivable within one year | 40/41 | €28,531 | €23,809 | -€4,721 | -16.5% |
| Trade receivables | 40 | €28,441 | €23,809 | -€4,632 | -16.3% |
| Other amounts receivable | 41 | €89 | €0 | -€89 | -100% |
| Cash at bank and in hand | 54/58 | €12,789 | €14,868 | +€2,079 | +16.3% |
| Deferred charges and accrued income | 490/1 | €815 | €625 | -€190 | -23.3% |
| Total equity and liabilities | 10/49 | €91,803 | €112,473 | +€20,670 | +22.5% |
| Equity | 10/15 | €34,853 | €35,919 | +€1,067 | +3.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €2,978 | €2,978 | = | 0.0% |
| Distributable reserves | 133 | €2,978 | €2,978 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,125 | -€67,058 | +€1,067 | +1.6% |
| Amounts payable | 17/49 | €56,950 | €76,554 | +€19,603 | +34.4% |
| Amounts payable after more than one year | 17 | €24,768 | €40,170 | +€15,402 | +62.2% |
| Financial debts | 170/4 | €24,768 | €40,170 | +€15,402 | +62.2% |
| Amounts payable within one year | 42/48 | €32,182 | €35,634 | +€3,452 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €14,471 | €18,866 | +€4,394 | +30.4% |
| Trade debts | 44 | €6,312 | €4,150 | -€2,162 | -34.2% |
| Suppliers | 440/4 | €6,312 | €4,150 | -€2,162 | -34.2% |
| Taxes, remuneration and social security | 45 | €4,619 | €4,757 | +€138 | +3.0% |
| Taxes | 450/3 | €4,619 | €4,757 | +€138 | +3.0% |
| Other amounts payable | 47/48 | €6,780 | €7,861 | +€1,081 | +15.9% |
| Accrued charges and deferred income | 492/3 | - | €750 | +€750 | |
| Non-recurring operating income | 76A | - | €17,365 | +€17,365 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,868 | €20,549 | -€319 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €400 | €0 | -€400 | -100% |
| Other operating charges | 640/8 | €1,637 | €3,012 | +€1,375 | +84.0% |
| Gross operating margin | 9900 | €26,402 | €28,975 | +€2,573 | +9.7% |
| Operating profit (loss) | 9901 | €3,497 | €5,414 | +€1,916 | +54.8% |
| Financial income | 75/76B | €470 | €0 | -€470 | -100% |
| Recurring financial income | 75 | €470 | €0 | -€470 | -100% |
| Financial charges | 65/66B | €3,650 | €4,347 | +€697 | +19.1% |
| Recurring financial charges | 65 | €3,650 | €4,347 | +€697 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €317 | €1,067 | +€749 | +236% |
| Profit (loss) for the period | 9904 | €317 | €1,067 | +€749 | +236% |
| Profit (loss) for the period to be appropriated | 9905 | €317 | €1,067 | +€749 | +236% |
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 16 October 2026 via checked.be.