ROPHAR: 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.
ROPHAR
Largest movements
- Current investments -€514,360
no longer reported in 2025 (was €514,360)
- Tangible fixed assets +€84,919
up €84,919 (+14.4%), from €589,051 to €673,971
of which Land and buildings: +€93,967
- Receivables within one year -€24,423
down €24,423 (-75.7%), from €32,243 to €7,820
- Profit (loss) carried forward -€499,264
down €499,264 (-50.5%), from €988,549 to €489,285
- Reserves +€35,000
up €35,000 (+15.1%), from €231,606 to €266,606
of which Distributable reserves: +€35,000
- Depreciation +€14,392
up €14,392 (+46.1%), from €31,235 to €45,628
- Financial income +€12,616
up €12,616 (+141%), from €8,959 to €21,575
- Gross operating margin -€2,656
down €2,656 (-3.0%), from €87,604 to €84,948
- Financial charges +€1,838
up €1,838 (+3,400%), from €54 to €1,892
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 | €1,512,765 | €1,056,298 | -€456,468 | -30.2% |
| Fixed assets | 21/28 | €589,051 | €673,971 | +€84,919 | +14.4% |
| Tangible fixed assets | 22/27 | €589,051 | €673,971 | +€84,919 | +14.4% |
| Land and buildings | 22 | €537,534 | €631,501 | +€93,967 | +17.5% |
| Plant, machinery and equipment | 23 | €3,240 | €2,305 | -€934 | -28.8% |
| Furniture and vehicles | 24 | €38,760 | €33,025 | -€5,734 | -14.8% |
| Other tangible fixed assets | 26 | €9,518 | €7,139 | -€2,380 | -25.0% |
| Current assets | 29/58 | €923,714 | €382,327 | -€541,387 | -58.6% |
| Amounts receivable after more than one year | 29 | €333,333 | €333,333 | = | 0.0% |
| Other amounts receivable | 291 | €333,333 | €333,333 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €32,243 | €7,820 | -€24,423 | -75.7% |
| Trade receivables | 40 | €32,243 | €7,820 | -€24,423 | -75.7% |
| Current investments | 50/53 | €514,360 | - | -€514,360 | |
| Cash at bank and in hand | 54/58 | €43,421 | €40,807 | -€2,613 | -6.0% |
| Deferred charges and accrued income | 490/1 | €357 | €367 | +€10 | +2.8% |
| Total equity and liabilities | 10/49 | €1,512,765 | €1,056,298 | -€456,468 | -30.2% |
| Equity | 10/15 | €1,495,155 | €1,030,891 | -€464,264 | -31.1% |
| Contributions | 10/11 | €275,000 | €275,000 | = | 0.0% |
| Capital | 10 | €275,000 | €275,000 | = | 0.0% |
| Issued capital | 100 | €275,000 | €275,000 | = | 0.0% |
| Reserves | 13 | €231,606 | €266,606 | +€35,000 | +15.1% |
| Non-distributable reserves | 130/1 | €29,606 | €29,606 | = | 0.0% |
| Legal reserve | 130 | €29,606 | €29,606 | = | 0.0% |
| Distributable reserves | 133 | €202,000 | €237,000 | +€35,000 | +17.3% |
| Profit (loss) carried forward | 14 | €988,549 | €489,285 | -€499,264 | -50.5% |
| Amounts payable | 17/49 | €17,611 | €25,407 | +€7,796 | +44.3% |
| Amounts payable within one year | 42/48 | €14,839 | €22,553 | +€7,714 | +52.0% |
| Trade debts | 44 | €1,261 | €4,129 | +€2,868 | +227% |
| Suppliers | 440/4 | €1,261 | €4,129 | +€2,868 | +227% |
| Taxes, remuneration and social security | 45 | €6,931 | €11,296 | +€4,366 | +63.0% |
| Taxes | 450/3 | €6,931 | €11,296 | +€4,366 | +63.0% |
| Other amounts payable | 47/48 | €6,647 | €7,127 | +€480 | +7.2% |
| Accrued charges and deferred income | 492/3 | €2,772 | €2,854 | +€83 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,235 | €45,628 | +€14,392 | +46.1% |
| Other operating charges | 640/8 | €2,648 | €2,783 | +€135 | +5.1% |
| Gross operating margin | 9900 | €87,604 | €84,948 | -€2,656 | -3.0% |
| Operating profit (loss) | 9901 | €53,721 | €36,537 | -€17,183 | -32.0% |
| Financial income | 75/76B | €8,959 | €21,575 | +€12,616 | +141% |
| Recurring financial income | 75 | €8,959 | €21,575 | +€12,616 | +141% |
| Financial charges | 65/66B | €54 | €1,892 | +€1,838 | +3,400% |
| Recurring financial charges | 65 | €54 | €1,892 | +€1,838 | +3,400% |
| Profit (loss) for the period before taxes | 9903 | €62,625 | €56,220 | -€6,405 | -10.2% |
| Income taxes | 67/77 | €20,208 | €20,485 | +€277 | +1.4% |
| Profit (loss) for the period | 9904 | €42,418 | €35,736 | -€6,682 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,418 | €35,736 | -€6,682 | -15.8% |
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 20 October 2026 via checked.be.