ALAIN ROOSE: 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.
ALAIN ROOSE
Largest movements
- Current investments +€711,000
new in 2025: €711,000
- Cash -€642,442
down €642,442 (-64.9%), from €989,350 to €346,908
mainly Current investments (-€711,000) and Investment in fixed assets (net) (-€108,750)
- Tangible fixed assets +€95,619
up €95,619 (+203%), from €47,117 to €142,736
of which Furniture and vehicles: +€92,176
- Reserves +€190,246
up €190,246 (+19.4%), from €979,911 to €1.2m
- Gross operating margin +€32,078
up €32,078 (+13.3%), from €241,040 to €273,117
- Taxes +€8,789
up €8,789 (+10.7%), from €81,804 to €90,593
- Depreciation +€8,021
up €8,021 (+157%), from €5,110 to €13,132
- Financial income -€3,773
down €3,773 (-14.9%), from €25,272 to €21,499
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 | €1,038,579 | €1,213,745 | +€175,166 | +16.9% |
| Fixed assets | 21/28 | €47,162 | €142,781 | +€95,619 | +203% |
| Tangible fixed assets | 22/27 | €47,117 | €142,736 | +€95,619 | +203% |
| Plant, machinery and equipment | 23 | €1,502 | €916 | -€585 | -39.0% |
| Furniture and vehicles | 24 | €1,619 | €93,795 | +€92,176 | +5,693% |
| Other tangible fixed assets | 26 | €43,996 | €48,025 | +€4,029 | +9.2% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €991,417 | €1,070,965 | +€79,547 | +8.0% |
| Amounts receivable within one year | 40/41 | €198 | €6,556 | +€6,358 | +3,218% |
| Trade receivables | 40 | €64 | €5,800 | +€5,736 | +8,913% |
| Other amounts receivable | 41 | €133 | €756 | +€623 | +467% |
| Current investments | 50/53 | - | €711,000 | +€711,000 | |
| Cash at bank and in hand | 54/58 | €989,350 | €346,908 | -€642,442 | -64.9% |
| Deferred charges and accrued income | 490/1 | €1,870 | €6,501 | +€4,631 | +248% |
| Total equity and liabilities | 10/49 | €1,038,579 | €1,213,745 | +€175,166 | +16.9% |
| Equity | 10/15 | €987,429 | €1,176,357 | +€188,928 | +19.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €979,911 | €1,170,157 | +€190,246 | +19.4% |
| Distributable reserves | 133 | €979,911 | €1,170,157 | +€190,246 | +19.4% |
| Profit (loss) carried forward | 14 | €1,318 | €0 | -€1,318 | -100% |
| Amounts payable | 17/49 | €51,151 | €37,389 | -€13,762 | -26.9% |
| Amounts payable within one year | 42/48 | €50,724 | €35,994 | -€14,730 | -29.0% |
| Trade debts | 44 | €4,475 | €3,623 | -€852 | -19.0% |
| Suppliers | 440/4 | €4,475 | €3,623 | -€852 | -19.0% |
| Taxes, remuneration and social security | 45 | €31,948 | €29,252 | -€2,696 | -8.4% |
| Taxes | 450/3 | €31,948 | €29,252 | -€2,696 | -8.4% |
| Other amounts payable | 47/48 | €14,301 | €3,119 | -€11,181 | -78.2% |
| Accrued charges and deferred income | 492/3 | €427 | €1,395 | +€967 | +226% |
| Non-recurring operating income | 76A | - | €3,600 | +€3,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,110 | €13,132 | +€8,021 | +157% |
| Other operating charges | 640/8 | €3,158 | €1,387 | -€1,771 | -56.1% |
| Gross operating margin | 9900 | €241,040 | €273,117 | +€32,078 | +13.3% |
| Operating profit (loss) | 9901 | €232,771 | €258,599 | +€25,827 | +11.1% |
| Financial income | 75/76B | €25,272 | €21,499 | -€3,773 | -14.9% |
| Recurring financial income | 75 | €25,272 | €21,499 | -€3,773 | -14.9% |
| Financial charges | 65/66B | €175 | €576 | +€401 | +230% |
| Recurring financial charges | 65 | €175 | €576 | +€401 | +230% |
| Profit (loss) for the period before taxes | 9903 | €257,868 | €279,521 | +€21,653 | +8.4% |
| Income taxes | 67/77 | €81,804 | €90,593 | +€8,789 | +10.7% |
| Profit (loss) for the period | 9904 | €176,064 | €188,928 | +€12,864 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €176,064 | €188,928 | +€12,864 | +7.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.