Erwin & Yves ROSSKAMP: 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.
Erwin & Yves ROSSKAMP
Largest movements
- Current investments +€120,000
new in 2025: €120,000
- Cash -€41,438
down €41,438 (-15.0%), from €276,253 to €234,814
mainly Current investments (-€120,000) and Contributions, distributions and other (-€118,873)
- Tangible fixed assets -€29,363
down €29,363 (-31.8%), from €92,448 to €63,085
of which Leasing and similar rights: -€15,484
- Receivables within one year -€12,769
down €12,769 (-59.6%), from €21,428 to €8,659
of which Trade receivables: -€11,486
- Other debts +€92,312
up €92,312 (+303%), from €30,437 to €122,749
- Reserves -€52,381
down €52,381 (-18.4%), from €285,074 to €232,693
of which Distributable reserves: -€47,181
- Debts after one year -€14,264
down €14,264 (-42.1%), from €33,897 to €19,634
- Tax, wage and social debts +€8,652
up €8,652 (+36.0%), from €24,017 to €32,669
of which Taxes: +€6,581
- Gross operating margin -€28,969
down €28,969 (-13.3%), from €217,422 to €188,454
- Staff costs +€10,931
up €10,931 (+21.3%), from €51,353 to €62,285
- Taxes -€10,098
down €10,098 (-25.4%), from €39,804 to €29,705
- Depreciation -€3,022
down €3,022 (-9.0%), from €33,680 to €30,658
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 | €405,754 | €438,989 | +€33,236 | +8.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €92,448 | €63,085 | -€29,363 | -31.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €92,448 | €63,085 | -€29,363 | -31.8% |
| Plant, machinery and equipment | 23 | €45,983 | €34,474 | -€11,509 | -25.0% |
| Furniture and vehicles | 24 | €4,507 | €2,138 | -€2,370 | -52.6% |
| Leasing and similar rights | 25 | €41,957 | €26,473 | -€15,484 | -36.9% |
| Current assets | 29/58 | €313,306 | €375,905 | +€62,599 | +20.0% |
| Stocks and contracts in progress | 3 | €6,224 | €5,284 | -€939 | -15.1% |
| Stocks | 30/36 | €6,224 | €5,284 | -€939 | -15.1% |
| Amounts receivable within one year | 40/41 | €21,428 | €8,659 | -€12,769 | -59.6% |
| Trade receivables | 40 | €13,597 | €2,111 | -€11,486 | -84.5% |
| Other amounts receivable | 41 | €7,831 | €6,548 | -€1,283 | -16.4% |
| Current investments | 50/53 | - | €120,000 | +€120,000 | |
| Cash at bank and in hand | 54/58 | €276,253 | €234,814 | -€41,438 | -15.0% |
| Deferred charges and accrued income | 490/1 | €9,402 | €7,147 | -€2,254 | -24.0% |
| Total equity and liabilities | 10/49 | €405,754 | €438,989 | +€33,236 | +8.2% |
| Equity | 10/15 | €291,274 | €238,893 | -€52,381 | -18.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €285,074 | €232,693 | -€52,381 | -18.4% |
| Tax-exempt reserves | 132 | €15,965 | €10,765 | -€5,200 | -32.6% |
| Distributable reserves | 133 | €269,109 | €221,928 | -€47,181 | -17.5% |
| Provisions and deferred taxes | 16 | €3,940 | €2,640 | -€1,300 | -33.0% |
| Deferred taxes | 168 | €3,940 | €2,640 | -€1,300 | -33.0% |
| Amounts payable | 17/49 | €110,540 | €197,457 | +€86,917 | +78.6% |
| Amounts payable after more than one year | 17 | €33,897 | €19,634 | -€14,264 | -42.1% |
| Financial debts | 170/4 | €33,897 | €19,634 | -€14,264 | -42.1% |
| Amounts payable within one year | 42/48 | €76,643 | €177,823 | +€101,180 | +132% |
| Current portion of amounts payable after more than one year | 42 | €14,249 | €13,697 | -€552 | -3.9% |
| Trade debts | 44 | €7,940 | €8,708 | +€768 | +9.7% |
| Suppliers | 440/4 | €7,940 | €8,708 | +€768 | +9.7% |
| Taxes, remuneration and social security | 45 | €24,017 | €32,669 | +€8,652 | +36.0% |
| Taxes | 450/3 | €19,426 | €26,007 | +€6,581 | +33.9% |
| Remuneration and social security | 454/9 | €4,591 | €6,662 | +€2,071 | +45.1% |
| Other amounts payable | 47/48 | €30,437 | €122,749 | +€92,312 | +303% |
| Remuneration, social security and pensions | 62 | €51,353 | €62,285 | +€10,931 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,680 | €30,658 | -€3,022 | -9.0% |
| Other operating charges | 640/8 | €3,838 | €3,152 | -€686 | -17.9% |
| Gross operating margin | 9900 | €217,422 | €188,454 | -€28,969 | -13.3% |
| Operating profit (loss) | 9901 | €128,550 | €92,359 | -€36,192 | -28.2% |
| Financial income | 75/76B | €4,830 | €6,947 | +€2,117 | +43.8% |
| Recurring financial income | 75 | €4,830 | €6,947 | +€2,117 | +43.8% |
| Financial charges | 65/66B | €4,059 | €4,409 | +€350 | +8.6% |
| Recurring financial charges | 65 | €4,059 | €4,409 | +€350 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €129,321 | €94,897 | -€34,424 | -26.6% |
| Transfer from deferred taxes | 780 | €1,300 | €1,300 | = | 0.0% |
| Income taxes | 67/77 | €39,804 | €29,705 | -€10,098 | -25.4% |
| Profit (loss) for the period | 9904 | €90,818 | €66,492 | -€24,326 | -26.8% |
| Transfer from tax-exempt reserves | 789 | €5,200 | €5,200 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €96,018 | €71,692 | -€24,326 | -25.3% |
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 27 October 2026 via checked.be.