DE ROUTIER: 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.
DE ROUTIER
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Tangible fixed assets -€92,391
down €92,391 (-22.1%), from €418,633 to €326,242
of which Furniture and vehicles: -€56,828
- Cash -€81,594
down €81,594 (-52.4%), from €155,777 to €74,183
mainly Current investments (-€100,000) and Debts after one year (-€65,235)
- Receivables within one year +€36,100
up €36,100 (+332%), from €10,877 to €46,978
of which Trade receivables: +€23,555
- Debts after one year -€65,235
down €65,235 (-27.7%), from €235,302 to €170,067
of which Financial debts: -€42,814
- Current portion of long-term debt -€30,135
down €30,135 (-60.6%), from €49,694 to €19,559
- Other debts +€29,998
up €29,998 (+174%), from €17,264 to €47,262
- Trade debts +€18,793
up €18,793 (+120%), from €15,639 to €34,433
- Gross operating margin -€76,102
down €76,102 (-31.9%), from €238,452 to €162,351
- Taxes -€22,022
down €22,022 (-93.4%), from €23,569 to €1,547
- Depreciation -€19,540
down €19,540 (-30.8%), from €63,541 to €44,001
- Staff costs -€13,605
down €13,605 (-22.9%), from €59,433 to €45,828
- Financial charges +€3,800
up €3,800 (+60.1%), from €6,321 to €10,122
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 | €590,058 | €549,612 | -€40,446 | -6.9% |
| Fixed assets | 21/28 | €418,633 | €327,742 | -€90,891 | -21.7% |
| Tangible fixed assets | 22/27 | €418,633 | €326,242 | -€92,391 | -22.1% |
| Land and buildings | 22 | €322,757 | €287,905 | -€34,852 | -10.8% |
| Plant, machinery and equipment | 23 | €39,013 | €38,303 | -€710 | -1.8% |
| Furniture and vehicles | 24 | €56,863 | €35 | -€56,828 | -99.9% |
| Financial fixed assets | 28 | €0 | €1,500 | +€1,500 | |
| Current assets | 29/58 | €171,426 | €221,870 | +€50,445 | +29.4% |
| Amounts receivable within one year | 40/41 | €10,877 | €46,978 | +€36,100 | +332% |
| Trade receivables | 40 | €83 | €23,639 | +€23,555 | +28,295% |
| Other amounts receivable | 41 | €10,794 | €23,339 | +€12,545 | +116% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €155,777 | €74,183 | -€81,594 | -52.4% |
| Deferred charges and accrued income | 490/1 | €4,771 | €710 | -€4,061 | -85.1% |
| Total equity and liabilities | 10/49 | €590,058 | €549,612 | -€40,446 | -6.9% |
| Equity | 10/15 | €263,452 | €267,027 | +€3,574 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €244,852 | €248,427 | +€3,574 | +1.5% |
| Distributable reserves | 133 | €244,852 | €248,427 | +€3,574 | +1.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €326,606 | €282,586 | -€44,020 | -13.5% |
| Amounts payable after more than one year | 17 | €235,302 | €170,067 | -€65,235 | -27.7% |
| Financial debts | 170/4 | €165,302 | €122,488 | -€42,814 | -25.9% |
| Other amounts payable | 178/9 | €70,000 | €47,579 | -€22,421 | -32.0% |
| Amounts payable within one year | 42/48 | €91,304 | €111,907 | +€20,603 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €49,694 | €19,559 | -€30,135 | -60.6% |
| Trade debts | 44 | €15,639 | €34,433 | +€18,793 | +120% |
| Suppliers | 440/4 | €15,639 | €34,433 | +€18,793 | +120% |
| Taxes, remuneration and social security | 45 | €8,707 | €10,654 | +€1,947 | +22.4% |
| Taxes | 450/3 | €8,146 | €8,625 | +€479 | +5.9% |
| Remuneration and social security | 454/9 | €561 | €2,029 | +€1,468 | +262% |
| Other amounts payable | 47/48 | €17,264 | €47,262 | +€29,998 | +174% |
| Accrued charges and deferred income | 492/3 | €0 | €612 | +€612 | |
| Non-recurring operating income | 76A | - | €750 | +€750 | |
| Remuneration, social security and pensions | 62 | €59,433 | €45,828 | -€13,605 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,541 | €44,001 | -€19,540 | -30.8% |
| Other operating charges | 640/8 | €6,333 | €3,746 | -€2,587 | -40.8% |
| Non-recurring operating charges | 66A | - | €18,102 | +€18,102 | |
| Gross operating margin | 9900 | €238,452 | €162,351 | -€76,102 | -31.9% |
| Operating profit (loss) | 9901 | €109,145 | €50,674 | -€58,471 | -53.6% |
| Financial income | 75/76B | €1,616 | €4,569 | +€2,953 | +183% |
| Recurring financial income | 75 | €1,616 | €4,569 | +€2,953 | +183% |
| Financial charges | 65/66B | €6,321 | €10,122 | +€3,800 | +60.1% |
| Recurring financial charges | 65 | €6,321 | €10,122 | +€3,800 | +60.1% |
| Profit (loss) for the period before taxes | 9903 | €104,440 | €45,122 | -€59,319 | -56.8% |
| Income taxes | 67/77 | €23,569 | €1,547 | -€22,022 | -93.4% |
| Profit (loss) for the period | 9904 | €80,871 | €43,574 | -€37,297 | -46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €80,871 | €43,574 | -€37,297 | -46.1% |
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 25 October 2026 via checked.be.