S. Roggen: 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.
S. Roggen
Largest movements
- Cash +€29,506
up €29,506 (+25.7%), from €114,965 to €144,471
mainly Net result for the year (+€24,102) and Depreciation (+€8,594)
- Tangible fixed assets -€8,594
down €8,594 (-5.1%), from €169,748 to €161,154
of which Land and buildings: -€6,144
- Stocks and contracts -€3,808
down €3,808 (-25.3%), from €15,060 to €11,252
- Reserves +€24,102
up €24,102 (+26.7%), from €90,390 to €114,492
- Trade debts -€7,006
down €7,006 (-28.8%), from €24,345 to €17,339
- Advances received +€6,707
up €6,707 (+367%), from €1,826 to €8,534
- Debts after one year -€6,553
down €6,553 (-4.8%), from €135,983 to €129,429
- Gross operating margin +€8,463
up €8,463 (+22.7%), from €37,280 to €45,743
- Taxes +€2,110
up €2,110 (+29.5%), from €7,141 to €9,250
- Other operating charges +€770
up €770 (+125%), from €615 to €1,385
- Depreciation +€698
up €698 (+8.8%), from €7,896 to €8,594
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 | €305,986 | €322,170 | +€16,184 | +5.3% |
| Fixed assets | 21/28 | €169,748 | €161,154 | -€8,594 | -5.1% |
| Tangible fixed assets | 22/27 | €169,748 | €161,154 | -€8,594 | -5.1% |
| Land and buildings | 22 | €164,300 | €158,156 | -€6,144 | -3.7% |
| Plant, machinery and equipment | 23 | €4,141 | €2,339 | -€1,802 | -43.5% |
| Furniture and vehicles | 24 | €1,307 | €659 | -€647 | -49.6% |
| Current assets | 29/58 | €136,238 | €161,015 | +€24,778 | +18.2% |
| Stocks and contracts in progress | 3 | €15,060 | €11,252 | -€3,808 | -25.3% |
| Stocks | 30/36 | €15,060 | €11,252 | -€3,808 | -25.3% |
| Amounts receivable within one year | 40/41 | €3,917 | €4,695 | +€778 | +19.9% |
| Trade receivables | 40 | €635 | €2,056 | +€1,421 | +224% |
| Other amounts receivable | 41 | €3,282 | €2,639 | -€643 | -19.6% |
| Cash at bank and in hand | 54/58 | €114,965 | €144,471 | +€29,506 | +25.7% |
| Deferred charges and accrued income | 490/1 | €2,296 | €597 | -€1,699 | -74.0% |
| Total equity and liabilities | 10/49 | €305,986 | €322,170 | +€16,184 | +5.3% |
| Equity | 10/15 | €131,691 | €154,960 | +€23,269 | +17.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €90,390 | €114,492 | +€24,102 | +26.7% |
| Distributable reserves | 133 | €90,390 | €114,492 | +€24,102 | +26.7% |
| Profit (loss) carried forward | 14 | €35,101 | €34,268 | -€833 | -2.4% |
| Amounts payable | 17/49 | €174,295 | €167,210 | -€7,085 | -4.1% |
| Amounts payable after more than one year | 17 | €135,983 | €129,429 | -€6,553 | -4.8% |
| Financial debts | 170/4 | €135,983 | €129,429 | -€6,553 | -4.8% |
| Amounts payable within one year | 42/48 | €38,312 | €37,642 | -€670 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €6,435 | €6,553 | +€118 | +1.8% |
| Trade debts | 44 | €24,345 | €17,339 | -€7,006 | -28.8% |
| Suppliers | 440/4 | €24,345 | €17,339 | -€7,006 | -28.8% |
| Advances received on contracts in progress | 46 | €1,826 | €8,534 | +€6,707 | +367% |
| Taxes, remuneration and social security | 45 | €4,354 | €2,891 | -€1,463 | -33.6% |
| Taxes | 450/3 | €4,354 | €2,891 | -€1,463 | -33.6% |
| Other amounts payable | 47/48 | €1,351 | €2,325 | +€974 | +72.1% |
| Accrued charges and deferred income | 492/3 | - | €139 | +€139 | |
| Non-recurring operating income | 76A | €1,669 | €0 | -€1,669 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,896 | €8,594 | +€698 | +8.8% |
| Other operating charges | 640/8 | €615 | €1,385 | +€770 | +125% |
| Gross operating margin | 9900 | €37,280 | €45,743 | +€8,463 | +22.7% |
| Operating profit (loss) | 9901 | €28,770 | €35,764 | +€6,994 | +24.3% |
| Financial income | 75/76B | €339 | €320 | -€19 | -5.6% |
| Recurring financial income | 75 | €339 | €320 | -€19 | -5.6% |
| Financial charges | 65/66B | €2,864 | €2,731 | -€133 | -4.6% |
| Recurring financial charges | 65 | €2,864 | €2,731 | -€133 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €26,244 | €33,353 | +€7,108 | +27.1% |
| Income taxes | 67/77 | €7,141 | €9,250 | +€2,110 | +29.5% |
| Profit (loss) for the period | 9904 | €19,104 | €24,102 | +€4,998 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,104 | €24,102 | +€4,998 | +26.2% |
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 23 October 2026 via checked.be.