RO - DE: what changed
RO - DE
Largest movements
- Current investments +€72,235
up €72,235 (+6.1%), from €1.2m to €1.3m
- Cash -€25,424
down €25,424 (-57.5%), from €44,207 to €18,783
mainly Current investments (-€72,235) and Provisions (-€3,906)
- Tangible fixed assets -€16,471
down €16,471 (-5.9%), from €278,684 to €262,213
- Reserves +€29,461
up €29,461 (+4.0%), from €742,008 to €771,469
of which Distributable reserves: +€36,715
- Gross operating margin +€7,490
up €7,490 (+30.9%), from €24,238 to €31,728
- Taxes +€2,177
up €2,177 (+14.2%), from €15,291 to €17,468
- Financial income -€834
down €834 (-2.5%), from €33,690 to €32,856
- Depreciation +€341
up €341 (+2.1%), from €16,130 to €16,471
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,509,068 | €1,536,599 | +€27,531 | +1.8% |
| Fixed assets | 21/28 | €278,684 | €262,213 | -€16,471 | -5.9% |
| Tangible fixed assets | 22/27 | €278,684 | €262,213 | -€16,471 | -5.9% |
| Land and buildings | 22 | €278,684 | €262,213 | -€16,471 | -5.9% |
| Current assets | 29/58 | €1,230,384 | €1,274,386 | +€44,002 | +3.6% |
| Amounts receivable within one year | 40/41 | €5,501 | €2,692 | -€2,809 | -51.1% |
| Other amounts receivable | 41 | €5,501 | €2,692 | -€2,809 | -51.1% |
| Current investments | 50/53 | €1,180,676 | €1,252,911 | +€72,235 | +6.1% |
| Cash at bank and in hand | 54/58 | €44,207 | €18,783 | -€25,424 | -57.5% |
| Total equity and liabilities | 10/49 | €1,509,068 | €1,536,599 | +€27,531 | +1.8% |
| Equity | 10/15 | €1,445,822 | €1,475,283 | +€29,461 | +2.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €742,008 | €771,469 | +€29,461 | +4.0% |
| Tax-exempt reserves | 132 | €124,939 | €117,685 | -€7,254 | -5.8% |
| Distributable reserves | 133 | €617,069 | €653,784 | +€36,715 | +5.9% |
| Profit (loss) carried forward | 14 | €642,314 | €642,314 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | €50,744 | €46,838 | -€3,906 | -7.7% |
| Deferred taxes | 168 | €50,744 | €46,838 | -€3,906 | -7.7% |
| Amounts payable | 17/49 | €12,502 | €14,478 | +€1,976 | +15.8% |
| Amounts payable within one year | 42/48 | €12,502 | €14,478 | +€1,976 | +15.8% |
| Trade debts | 44 | €4,930 | €5,253 | +€323 | +6.5% |
| Suppliers | 440/4 | €4,930 | €5,253 | +€323 | +6.5% |
| Taxes, remuneration and social security | 45 | €4,430 | €7,639 | +€3,209 | +72.4% |
| Taxes | 450/3 | €4,430 | €7,639 | +€3,209 | +72.4% |
| Other amounts payable | 47/48 | €3,142 | €1,586 | -€1,556 | -49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,130 | €16,471 | +€341 | +2.1% |
| Other operating charges | 640/8 | €5,014 | €5,090 | +€76 | +1.5% |
| Gross operating margin | 9900 | €24,238 | €31,728 | +€7,490 | +30.9% |
| Operating profit (loss) | 9901 | €3,094 | €10,168 | +€7,074 | +229% |
| Financial income | 75/76B | €33,690 | €32,856 | -€834 | -2.5% |
| Recurring financial income | 75 | €33,690 | €32,856 | -€834 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €36,784 | €43,024 | +€6,240 | +17.0% |
| Transfer from deferred taxes | 780 | €3,906 | €3,906 | = | 0.0% |
| Income taxes | 67/77 | €15,291 | €17,468 | +€2,177 | +14.2% |
| Profit (loss) for the period | 9904 | €25,399 | €29,461 | +€4,062 | +16.0% |
| Transfer from tax-exempt reserves | 789 | €7,254 | €7,254 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,653 | €36,715 | +€4,062 | +12.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.