Dr. Rosenblum: what changed
Dr. Rosenblum
Largest movements
- Receivables after one year +€160,000
up €160,000 (+80.0%), from €200,000 to €360,000
- Cash -€90,997
down €90,997 (-57.5%), from €158,123 to €67,126
mainly Receivables after one year (-€160,000) and Receivables within one year (-€23,645)
- Receivables within one year +€23,645
up €23,645 (+14.3%), from €165,751 to €189,396
- Tangible fixed assets -€12,501
down €12,501 (-29.8%), from €41,905 to €29,403
of which Furniture and vehicles: -€8,796
- Reserves +€110,372
up €110,372 (+21.5%), from €512,695 to €623,067
- Tax, wage and social debts -€23,488
down €23,488 (-40.3%), from €58,285 to €34,797
of which Taxes: -€23,348
- Gross operating margin -€50,367
down €50,367 (-20.0%), from €251,477 to €201,110
- Taxes -€11,360
down €11,360 (-17.8%), from €63,807 to €52,447
- Financial income +€6,308
up €6,308 (+36.9%), from €17,087 to €23,395
- Depreciation -€3,410
down €3,410 (-19.0%), from €17,979 to €14,569
- Other operating charges -€2,746
down €2,746 (-52.0%), from €5,285 to €2,539
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 | €585,280 | €671,482 | +€86,202 | +14.7% |
| Fixed assets | 21/28 | €41,905 | €29,403 | -€12,501 | -29.8% |
| Tangible fixed assets | 22/27 | €41,905 | €29,403 | -€12,501 | -29.8% |
| Plant, machinery and equipment | 23 | €1,902 | €704 | -€1,198 | -63.0% |
| Furniture and vehicles | 24 | €34,881 | €26,085 | -€8,796 | -25.2% |
| Other tangible fixed assets | 26 | €5,121 | €2,614 | -€2,508 | -49.0% |
| Current assets | 29/58 | €543,375 | €642,078 | +€98,703 | +18.2% |
| Amounts receivable after more than one year | 29 | €200,000 | €360,000 | +€160,000 | +80.0% |
| Other amounts receivable | 291 | €200,000 | €360,000 | +€160,000 | +80.0% |
| Amounts receivable within one year | 40/41 | €165,751 | €189,396 | +€23,645 | +14.3% |
| Other amounts receivable | 41 | €165,751 | €189,396 | +€23,645 | +14.3% |
| Cash at bank and in hand | 54/58 | €158,123 | €67,126 | -€90,997 | -57.5% |
| Deferred charges and accrued income | 490/1 | €19,501 | €25,557 | +€6,055 | +31.1% |
| Total equity and liabilities | 10/49 | €585,280 | €671,482 | +€86,202 | +14.7% |
| Equity | 10/15 | €525,095 | €635,467 | +€110,372 | +21.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €512,695 | €623,067 | +€110,372 | +21.5% |
| Distributable reserves | 133 | €512,695 | €623,067 | +€110,372 | +21.5% |
| Amounts payable | 17/49 | €60,185 | €36,015 | -€24,170 | -40.2% |
| Amounts payable within one year | 42/48 | €60,068 | €36,012 | -€24,056 | -40.0% |
| Trade debts | 44 | €1,783 | €1,215 | -€568 | -31.9% |
| Suppliers | 440/4 | €1,783 | €1,215 | -€568 | -31.9% |
| Taxes, remuneration and social security | 45 | €58,285 | €34,797 | -€23,488 | -40.3% |
| Taxes | 450/3 | €49,652 | €26,304 | -€23,348 | -47.0% |
| Remuneration and social security | 454/9 | €8,633 | €8,493 | -€139 | -1.6% |
| Accrued charges and deferred income | 492/3 | €117 | €3 | -€114 | -97.6% |
| Remuneration, social security and pensions | 62 | €45,608 | €44,311 | -€1,297 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,979 | €14,569 | -€3,410 | -19.0% |
| Other operating charges | 640/8 | €5,285 | €2,539 | -€2,746 | -52.0% |
| Gross operating margin | 9900 | €251,477 | €201,110 | -€50,367 | -20.0% |
| Operating profit (loss) | 9901 | €182,606 | €139,692 | -€42,914 | -23.5% |
| Financial income | 75/76B | €17,087 | €23,395 | +€6,308 | +36.9% |
| Recurring financial income | 75 | €17,087 | €23,395 | +€6,308 | +36.9% |
| Financial charges | 65/66B | €572 | €268 | -€304 | -53.2% |
| Recurring financial charges | 65 | €572 | €268 | -€304 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €199,121 | €162,819 | -€36,302 | -18.2% |
| Income taxes | 67/77 | €63,807 | €52,447 | -€11,360 | -17.8% |
| Profit (loss) for the period | 9904 | €135,314 | €110,372 | -€24,942 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €135,314 | €110,372 | -€24,942 | -18.4% |
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 3 November 2026 via checked.be.