GUY ROUSSEAU: what changed
Two fiscal 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.
GUY ROUSSEAU
Largest movements
- Cash -€25,075
down €25,075 (-81.9%), from €30,632 to €5,556
mainly Trade debts (-€22,592) and Contributions, distributions and other (-€17,000)
- Receivables within one year -€9,873
down €9,873 (-11.2%), from €88,243 to €78,370
of which Other amounts receivable: -€5,944
- Trade debts -€22,592
down €22,592 (-61.2%), from €36,912 to €14,320
- Reserves -€17,000
down €17,000 (-30.7%), from €55,300 to €38,300
of which Distributable reserves: -€17,000
- Profit (loss) carried forward +€6,769
up €6,769 (+57.7%), from -€11,723 to -€4,954
- Other debts -€4,886
down €4,886 (-20.4%), from €24,003 to €19,118
- Short-term financial debts +€1,239
up €1,239 (+96.1%), from €1,288 to €2,527
- Gross operating margin -€18,870
down €18,870 (-69.9%), from €26,994 to €8,124
- Taxes -€6,035
down €6,035 (-65.5%), from €9,217 to €3,182
- Financial income -€274
down €274 (-7.3%), from €3,773 to €3,499
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.
Cash bridge derived
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 | €119,246 | €83,976 | -€35,270 | -29.6% |
| Fixed assets | 21/28 | €371 | €50 | -€321 | -86.5% |
| Tangible fixed assets | 22/27 | €321 | €0 | -€321 | -100.0% |
| Furniture and vehicles | 24 | €321 | €0 | -€321 | -100.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €118,875 | €83,926 | -€34,949 | -29.4% |
| Amounts receivable within one year | 40/41 | €88,243 | €78,370 | -€9,873 | -11.2% |
| Trade receivables | 40 | €18,859 | €14,930 | -€3,930 | -20.8% |
| Other amounts receivable | 41 | €69,384 | €63,440 | -€5,944 | -8.6% |
| Cash at bank and in hand | 54/58 | €30,632 | €5,556 | -€25,075 | -81.9% |
| Total equity and liabilities | 10/49 | €119,246 | €83,976 | -€35,270 | -29.6% |
| Equity | 10/15 | €51,637 | €41,406 | -€10,231 | -19.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €55,300 | €38,300 | -€17,000 | -30.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €55,300 | €38,300 | -€17,000 | -30.7% |
| Profit (loss) carried forward | 14 | -€11,723 | -€4,954 | +€6,769 | +57.7% |
| Amounts payable | 17/49 | €67,609 | €42,570 | -€25,039 | -37.0% |
| Amounts payable within one year | 42/48 | €67,609 | €42,570 | -€25,039 | -37.0% |
| Financial debts | 43 | €1,288 | €2,527 | +€1,239 | +96.1% |
| Credit institutions | 430/8 | €1,288 | €2,527 | +€1,239 | +96.1% |
| Trade debts | 44 | €36,912 | €14,320 | -€22,592 | -61.2% |
| Suppliers | 440/4 | €36,912 | €14,320 | -€22,592 | -61.2% |
| Taxes, remuneration and social security | 45 | €5,406 | €6,605 | +€1,200 | +22.2% |
| Taxes | 450/3 | €5,406 | €6,605 | +€1,200 | +22.2% |
| Other amounts payable | 47/48 | €24,003 | €19,118 | -€4,886 | -20.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €328 | €321 | -€7 | -2.2% |
| Other operating charges | 640/8 | €673 | €791 | +€118 | +17.6% |
| Non-recurring operating charges | 66A | €3,056 | €120 | -€2,936 | -96.1% |
| Gross operating margin | 9900 | €26,994 | €8,124 | -€18,870 | -69.9% |
| Operating profit (loss) | 9901 | €22,937 | €6,892 | -€16,046 | -70.0% |
| Financial income | 75/76B | €3,773 | €3,499 | -€274 | -7.3% |
| Recurring financial income | 75 | €3,773 | €3,499 | -€274 | -7.3% |
| Financial charges | 65/66B | €382 | €441 | +€59 | +15.5% |
| Recurring financial charges | 65 | €382 | €441 | +€59 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €26,329 | €9,951 | -€16,379 | -62.2% |
| Income taxes | 67/77 | €9,217 | €3,182 | -€6,035 | -65.5% |
| Profit (loss) for the period | 9904 | €17,112 | €6,769 | -€10,344 | -60.4% |
| Transfer from tax-exempt reserves | 789 | €19,000 | €0 | -€19,000 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,112 | €6,769 | -€29,344 | -81.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.