ROP: 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.
ROP
Largest movements
- Tangible fixed assets -€72,744
down €72,744 (-7.4%), from €982,821 to €910,077
of which Land and buildings: -€74,858
- Receivables within one year -€12,253
down €12,253 (-58.1%), from €21,072 to €8,819
of which Trade receivables: -€21,072
- Debts after one year -€47,322
down €47,322 (-6.5%), from €731,485 to €684,163
- Other debts +€42,401
up €42,401 (+60.1%), from €70,507 to €112,908
- Reserves -€32,210
down €32,210 (-22.1%), from €145,639 to €113,428
- Trade debts -€23,791
down €23,791 (-55.5%), from €42,860 to €19,069
- Profit (loss) carried forward -€18,153
new in 2025: -€18,153
- Financial income -€39,093
down €39,093 (-34.0%), from €115,000 to €75,907
- Gross operating margin +€35,992
up €35,992, from -€2,156 to €33,837
- Depreciation +€17,803
up €17,803 (+57.1%), from €31,199 to €49,003
- Other operating charges -€8,779
down €8,779 (-46.5%), from €18,891 to €10,112
- Financial charges +€3,718
up €3,718 (+12.1%), from €30,780 to €34,497
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 | €1,086,486 | €1,001,874 | -€84,612 | -7.8% |
| Fixed assets | 21/28 | €1,061,746 | €989,002 | -€72,744 | -6.9% |
| Tangible fixed assets | 22/27 | €982,821 | €910,077 | -€72,744 | -7.4% |
| Land and buildings | 22 | €981,921 | €907,063 | -€74,858 | -7.6% |
| Furniture and vehicles | 24 | €901 | €3,014 | +€2,113 | +235% |
| Financial fixed assets | 28 | €78,925 | €78,925 | = | 0.0% |
| Current assets | 29/58 | €24,739 | €12,872 | -€11,867 | -48.0% |
| Amounts receivable within one year | 40/41 | €21,072 | €8,819 | -€12,253 | -58.1% |
| Trade receivables | 40 | €21,072 | - | -€21,072 | |
| Other amounts receivable | 41 | - | €8,819 | +€8,819 | |
| Cash at bank and in hand | 54/58 | €3,667 | €4,053 | +€386 | +10.5% |
| Total equity and liabilities | 10/49 | €1,086,486 | €1,001,874 | -€84,612 | -7.8% |
| Equity | 10/15 | €167,639 | €117,276 | -€50,363 | -30.0% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €145,639 | €113,428 | -€32,210 | -22.1% |
| Distributable reserves | 133 | €145,639 | €113,428 | -€32,210 | -22.1% |
| Profit (loss) carried forward | 14 | - | -€18,153 | -€18,153 | |
| Amounts payable | 17/49 | €918,847 | €884,598 | -€34,249 | -3.7% |
| Amounts payable after more than one year | 17 | €731,485 | €684,163 | -€47,322 | -6.5% |
| Financial debts | 170/4 | €731,485 | €684,163 | -€47,322 | -6.5% |
| Amounts payable within one year | 42/48 | €187,362 | €200,435 | +€13,073 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €58,160 | €61,209 | +€3,049 | +5.2% |
| Trade debts | 44 | €42,860 | €19,069 | -€23,791 | -55.5% |
| Suppliers | 440/4 | €42,860 | €19,069 | -€23,791 | -55.5% |
| Taxes, remuneration and social security | 45 | €15,834 | €7,249 | -€8,585 | -54.2% |
| Taxes | 450/3 | €15,834 | €7,249 | -€8,585 | -54.2% |
| Other amounts payable | 47/48 | €70,507 | €112,908 | +€42,401 | +60.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,199 | €49,003 | +€17,803 | +57.1% |
| Other operating charges | 640/8 | €18,891 | €10,112 | -€8,779 | -46.5% |
| Non-recurring operating charges | 66A | - | €34,103 | +€34,103 | |
| Gross operating margin | 9900 | -€2,156 | €33,837 | +€35,992 | |
| Operating profit (loss) | 9901 | -€52,246 | -€59,381 | -€7,135 | -13.7% |
| Financial income | 75/76B | €115,000 | €75,907 | -€39,093 | -34.0% |
| Recurring financial income | 75 | €115,000 | €75,907 | -€39,093 | -34.0% |
| Financial charges | 65/66B | €30,780 | €34,497 | +€3,718 | +12.1% |
| Recurring financial charges | 65 | €30,780 | €34,497 | +€3,718 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €31,975 | -€17,972 | -€49,946 | |
| Income taxes | 67/77 | €3,083 | €181 | -€2,901 | -94.1% |
| Profit (loss) for the period | 9904 | €28,892 | -€18,153 | -€47,045 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,892 | -€18,153 | -€47,045 |
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 22 October 2026 via checked.be.