EXPERT ROZENDAL: 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.
EXPERT ROZENDAL
Largest movements
- Cash +€8,380
up €8,380 (+49.2%), from €17,016 to €25,396
mainly Net result for the year (+€9,250) and Receivables within one year (+€3,197)
- Receivables within one year -€3,197
down €3,197 (-40.0%), from €8,003 to €4,806
- Reserves +€9,250
up €9,250 (+71.6%), from €12,912 to €22,162
- Other debts -€2,250
down €2,250 (-99.2%), from €2,268 to €19
- Tax, wage and social debts -€1,025
down €1,025 (-17.1%), from €5,977 to €4,953
- Trade debts -€895
down €895 (-25.9%), from €3,455 to €2,561
- Gross operating margin -€5,645
down €5,645 (-28.6%), from €19,743 to €14,098
- Taxes -€1,301
down €1,301 (-24.1%), from €5,407 to €4,106
- Other operating charges -€521
down €521 (-45.6%), from €1,142 to €621
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 | €27,113 | €32,194 | +€5,081 | +18.7% |
| Fixed assets | 21/28 | €1,421 | €1,271 | -€151 | -10.6% |
| Tangible fixed assets | 22/27 | €1,421 | €1,271 | -€151 | -10.6% |
| Other tangible fixed assets | 26 | €1,421 | €1,271 | -€151 | -10.6% |
| Current assets | 29/58 | €25,691 | €30,923 | +€5,232 | +20.4% |
| Amounts receivable within one year | 40/41 | €8,003 | €4,806 | -€3,197 | -40.0% |
| Trade receivables | 40 | €8,003 | €4,806 | -€3,197 | -40.0% |
| Cash at bank and in hand | 54/58 | €17,016 | €25,396 | +€8,380 | +49.2% |
| Deferred charges and accrued income | 490/1 | €672 | €721 | +€50 | +7.4% |
| Total equity and liabilities | 10/49 | €27,113 | €32,194 | +€5,081 | +18.7% |
| Equity | 10/15 | €15,412 | €24,662 | +€9,250 | +60.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €12,912 | €22,162 | +€9,250 | +71.6% |
| Distributable reserves | 133 | €12,912 | €22,162 | +€9,250 | +71.6% |
| Amounts payable | 17/49 | €11,701 | €7,532 | -€4,169 | -35.6% |
| Amounts payable within one year | 42/48 | €11,701 | €7,532 | -€4,169 | -35.6% |
| Trade debts | 44 | €3,455 | €2,561 | -€895 | -25.9% |
| Suppliers | 440/4 | €3,455 | €2,561 | -€895 | -25.9% |
| Taxes, remuneration and social security | 45 | €5,977 | €4,953 | -€1,025 | -17.1% |
| Taxes | 450/3 | €5,977 | €4,953 | -€1,025 | -17.1% |
| Other amounts payable | 47/48 | €2,268 | €19 | -€2,250 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87 | €151 | +€64 | +73.0% |
| Other operating charges | 640/8 | €1,142 | €621 | -€521 | -45.6% |
| Gross operating margin | 9900 | €19,743 | €14,098 | -€5,645 | -28.6% |
| Operating profit (loss) | 9901 | €18,514 | €13,326 | -€5,188 | -28.0% |
| Financial income | 75/76B | €1 | €114 | +€114 | +14,015% |
| Recurring financial income | 75 | €1 | €114 | +€114 | +14,015% |
| Financial charges | 65/66B | €196 | €84 | -€112 | -57.2% |
| Recurring financial charges | 65 | €196 | €84 | -€112 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | €18,318 | €13,356 | -€4,962 | -27.1% |
| Income taxes | 67/77 | €5,407 | €4,106 | -€1,301 | -24.1% |
| Profit (loss) for the period | 9904 | €12,912 | €9,250 | -€3,661 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,912 | €9,250 | -€3,661 | -28.4% |
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 17 October 2026 via checked.be.