FINANCIAL ROOSEVELT: 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.
What changed
FINANCIAL ROOSEVELT
NACE 77.350, Rental and leasing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €11.1m-€9.5m
Equity
€165.6m
2024 · €165.4m+€142,432
Cash
€14.0m
2024 · €18.1m-€4.1m
Balance sheet total
€170.9m
2024 · €171.7m-€800,802
Largest movements
Assets
- Current investments -€54.6m
down €54.6m (-98.2%), from €55.6m to €986,170
- Financial fixed assets +€51.9m
up €51.9m (+84.8%), from €61.2m to €113.1m
of which Other financial fixed assets: +€50.4m
- Tangible fixed assets +€5.6m
up €5.6m (+15.6%), from €36.2m to €41.8m
of which Land and buildings: +€5.6m
- Cash -€4.1m
down €4.1m (-22.7%), from €18.1m to €14.0m
mainly Investment in fixed assets (net) (-€58.3m) and Contributions, distributions and other (-€1.5m)
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€11.5m
down €11.5m (-78.2%), from €14.8m to €3.2m
- Depreciation -€1.0m
down €1.0m (-57.7%), from €1.8m to €746,249
- Financial charges -€918,142
down €918,142 (-56.3%), from €1.6m to €712,559
- Services and other goods -€335,911
down €335,911 (-25.3%), from €1.3m to €990,226
- Taxes +€160,425
up €160,425 (+78.3%), from €204,851 to €365,275
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.
Result 2024
€11.1m
Turnover
+€92,723
Other operating income
-€68,369
Services and other goods
+€335,911
Staff costs
-€47,696
Depreciation
+€1.0m
Other operating charges
-€10,083
Other operating items
+€14,000
Financial income
-€11.5m
Financial charges
+€918,142
Taxes
-€160,425
Deferred taxes and other
+€2,041
Result 2025
€1.6m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.4m
Investment
-€3.6m
Financing
-€1.8m
Cash 2024
€18.1m
From operations (derived)
+€1.4m
Net result for the year
+€1.6m
Depreciation
+€746,249
Receivables within one year
-€334,807
Smaller working-capital items
-€202,575
Other debts
-€500,350
Investment (derived)
-€3.6m
Investment in fixed assets (net)
-€58.3m
Current investments
+€54.6m
Financing
-€1.8m
Debts after one year
-€328,902
Current portion of long-term debt
+€8,523
Contributions, distributions and other
-€1.5m
Cash 2025
€14.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171,715,877 | €170,915,075 | -€800,802 | -0.5% |
| Fixed assets | 21/28 | €97,335,034 | €154,846,431 | +€57.5m | +59.1% |
| Tangible fixed assets | 22/27 | €36,167,305 | €41,792,807 | +€5.6m | +15.6% |
| Land and buildings | 22 | €34,475,562 | €40,102,953 | +€5.6m | +16.3% |
| Plant, machinery and equipment | 23 | €1,502,319 | €1,550,282 | +€47,963 | +3.2% |
| Furniture and vehicles | 24 | €189,423 | €139,572 | -€49,852 | -26.3% |
| Financial fixed assets | 28 | €61,167,729 | €113,053,624 | +€51.9m | +84.8% |
| Affiliated companies | 280/1 | €38,867,255 | €40,323,371 | +€1.5m | +3.7% |
| Participating interests | 280 | €26,701,886 | €27,172,430 | +€470,544 | +1.8% |
| Amounts receivable | 281 | €12,165,369 | €13,150,941 | +€985,573 | +8.1% |
| Companies linked by participating interests | 282/3 | €19,686 | €19,686 | = | 0.0% |
| Participating interests | 282 | €19,686 | €19,686 | = | 0.0% |
| Other financial fixed assets | 284/8 | €22,280,788 | €72,710,567 | +€50.4m | +226% |
| Shares | 284 | €16,103,437 | €65,791,248 | +€49.7m | +309% |
| Amounts receivable and cash guarantees | 285/8 | €6,177,351 | €6,919,319 | +€741,968 | +12.0% |
| Current assets | 29/58 | €74,380,843 | €16,068,644 | -€58.3m | -78.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €639,031 | €973,838 | +€334,807 | +52.4% |
| Trade receivables | 40 | €88,035 | €74,591 | -€13,444 | -15.3% |
| Other amounts receivable | 41 | €550,997 | €899,247 | +€348,250 | +63.2% |
| Current investments | 50/53 | €55,607,751 | €986,170 | -€54.6m | -98.2% |
| Other investments | 51/53 | €55,607,751 | €986,170 | -€54.6m | -98.2% |
| Cash at bank and in hand | 54/58 | €18,110,692 | €14,005,197 | -€4.1m | -22.7% |
| Deferred charges and accrued income | 490/1 | €23,369 | €103,439 | +€80,070 | +343% |
| Total equity and liabilities | 10/49 | €171,715,877 | €170,915,075 | -€800,802 | -0.5% |
| Equity | 10/15 | €165,415,300 | €165,557,732 | +€142,432 | +0.1% |
| Contributions | 10/11 | €20,182,775 | €20,182,775 | = | 0.0% |
| Capital | 10 | €20,182,775 | €20,182,775 | = | 0.0% |
| Issued capital | 100 | €20,182,775 | €20,182,775 | = | 0.0% |
| Reserves | 13 | €11,056,691 | €10,893,601 | -€163,090 | -1.5% |
| Non-distributable reserves | 130/1 | €2,018,277 | €2,018,277 | = | 0.0% |
| Legal reserve | 130 | €2,018,277 | €2,018,277 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,038,413 | €8,875,323 | -€163,090 | -1.8% |
| Profit (loss) carried forward | 14 | €134,175,835 | €134,481,357 | +€305,522 | +0.2% |
| Provisions and deferred taxes | 16 | €2,231,238 | €2,176,875 | -€54,363 | -2.4% |
| Deferred taxes | 168 | €2,231,238 | €2,176,875 | -€54,363 | -2.4% |
| Amounts payable | 17/49 | €4,069,339 | €3,180,468 | -€888,870 | -21.8% |
| Amounts payable after more than one year | 17 | €1,439,730 | €1,110,828 | -€328,902 | -22.8% |
| Financial debts | 170/4 | €1,432,088 | €1,102,507 | -€329,580 | -23.0% |
| Credit institutions | 173 | €1,432,088 | €1,102,507 | -€329,580 | -23.0% |
| Other amounts payable | 178/9 | €7,643 | €8,321 | +€678 | +8.9% |
| Amounts payable within one year | 42/48 | €2,610,435 | €2,063,127 | -€547,308 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €321,057 | €329,580 | +€8,523 | +2.7% |
| Trade debts | 44 | €175,007 | €224,845 | +€49,838 | +28.5% |
| Suppliers | 440/4 | €175,007 | €224,845 | +€49,838 | +28.5% |
| Taxes, remuneration and social security | 45 | €114,021 | €8,703 | -€105,319 | -92.4% |
| Taxes | 450/3 | €107,997 | €146 | -€107,851 | -99.9% |
| Remuneration and social security | 454/9 | €6,024 | €8,557 | +€2,533 | +42.0% |
| Other amounts payable | 47/48 | €2,000,350 | €1,500,000 | -€500,350 | -25.0% |
| Accrued charges and deferred income | 492/3 | €19,173 | €6,512 | -€12,661 | -66.0% |
| Operating income | 70/76A | €1,412,921 | €1,451,274 | +€38,353 | +2.7% |
| Turnover | 70 | €1,322,783 | €1,415,506 | +€92,723 | +7.0% |
| Other operating income | 74 | €90,137 | €21,768 | -€68,369 | -75.9% |
| Non-recurring operating income | 76A | €0 | €14,000 | +€14,000 | |
| Operating charges | 60/66A | €3,293,259 | €1,997,863 | -€1.3m | -39.3% |
| Services and other goods | 61 | €1,326,137 | €990,226 | -€335,911 | -25.3% |
| Remuneration, social security and pensions | 62 | €84,254 | €131,950 | +€47,696 | +56.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,763,514 | €746,249 | -€1.0m | -57.7% |
| Other operating charges | 640/8 | €119,354 | €129,437 | +€10,083 | +8.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | -€1,880,338 | -€546,589 | +€1.3m | +70.9% |
| Financial income | 75/76B | €14,762,065 | €3,212,491 | -€11.5m | -78.2% |
| Recurring financial income | 75 | €14,762,065 | €3,212,491 | -€11.5m | -78.2% |
| Income from financial fixed assets | 750 | €1,003,607 | €1,466,369 | +€462,762 | +46.1% |
| Income from current assets | 751 | €1,451,007 | €1,488,491 | +€37,484 | +2.6% |
| Other financial income | 752/9 | €12,307,451 | €257,630 | -€12.0m | -97.9% |
| Financial charges | 65/66B | €1,630,701 | €712,559 | -€918,142 | -56.3% |
| Recurring financial charges | 65 | €1,630,701 | €712,559 | -€918,142 | -56.3% |
| Debt charges | 650 | €50,445 | €42,142 | -€8,303 | -16.5% |
| Other financial charges | 652/9 | €1,580,256 | €670,416 | -€909,839 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | €11,251,026 | €1,953,344 | -€9.3m | -82.6% |
| Transfer from deferred taxes | 780 | €52,322 | €54,363 | +€2,041 | +3.9% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €204,851 | €365,275 | +€160,425 | +78.3% |
| Taxes | 670/3 | €204,851 | €365,275 | +€160,425 | +78.3% |
| Profit (loss) for the period | 9904 | €11,098,498 | €1,642,432 | -€9.5m | -85.2% |
| Transfer from tax-exempt reserves | 789 | €156,967 | €163,090 | +€6,123 | +3.9% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €11,255,465 | €1,805,522 | -€9.4m | -84.0% |
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 26 October 2026 via checked.be.