Isabelle Rosiers: 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.
Isabelle Rosiers
Largest movements
- Receivables within one year -€16,739
down €16,739 (-97.1%), from €17,245 to €506
of which Other amounts receivable: -€8,994
- Cash -€14,279
down €14,279 (-14.9%), from €96,082 to €81,803
mainly Contributions, distributions and other (-€113,500) and Investment in fixed assets (net) (-€48,239)
- Tangible fixed assets -€6,619
down €6,619 (-2.0%), from €330,531 to €323,913
of which Furniture and vehicles: -€14,667
- Reserves -€88,500
down €88,500 (-40.3%), from €219,360 to €130,860
of which Distributable reserves: -€88,500
- Other debts +€76,265
up €76,265 (+1,118%), from €6,823 to €83,088
- Debts after one year -€18,758
down €18,758 (-11.8%), from €158,582 to €139,823
- Tax, wage and social debts -€9,199
down €9,199 (-65.0%), from €14,144 to €4,945
of which Taxes: -€6,149
- Depreciation +€32,109
up €32,109 (+151%), from €21,199 to €53,308
- Gross operating margin +€25,596
up €25,596 (+36.2%), from €70,734 to €96,331
- Other operating charges -€4,609
down €4,609 (-79.1%), from €5,825 to €1,216
- Financial charges +€2,479
up €2,479 (+44.8%), from €5,534 to €8,013
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 | €459,899 | €419,894 | -€40,005 | -8.7% |
| Fixed assets | 21/28 | €330,531 | €325,462 | -€5,070 | -1.5% |
| Intangible fixed assets | 21 | - | €1,549 | +€1,549 | |
| Tangible fixed assets | 22/27 | €330,531 | €323,913 | -€6,619 | -2.0% |
| Land and buildings | 22 | €138,376 | €131,307 | -€7,069 | -5.1% |
| Furniture and vehicles | 24 | €134,472 | €119,805 | -€14,667 | -10.9% |
| Other tangible fixed assets | 26 | €57,683 | €72,801 | +€15,118 | +26.2% |
| Current assets | 29/58 | €129,368 | €94,433 | -€34,936 | -27.0% |
| Stocks and contracts in progress | 3 | €2,180 | €2,431 | +€251 | +11.5% |
| Stocks | 30/36 | €2,180 | €2,431 | +€251 | +11.5% |
| Amounts receivable within one year | 40/41 | €17,245 | €506 | -€16,739 | -97.1% |
| Trade receivables | 40 | €7,745 | - | -€7,745 | |
| Other amounts receivable | 41 | €9,500 | €506 | -€8,994 | -94.7% |
| Cash at bank and in hand | 54/58 | €96,082 | €81,803 | -€14,279 | -14.9% |
| Deferred charges and accrued income | 490/1 | €13,861 | €9,693 | -€4,169 | -30.1% |
| Total equity and liabilities | 10/49 | €459,899 | €419,894 | -€40,005 | -8.7% |
| Equity | 10/15 | €240,495 | €152,321 | -€88,174 | -36.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €219,360 | €130,860 | -€88,500 | -40.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €217,500 | €129,000 | -€88,500 | -40.7% |
| Profit (loss) carried forward | 14 | €2,535 | €2,861 | +€326 | +12.9% |
| Amounts payable | 17/49 | €219,405 | €267,573 | +€48,168 | +22.0% |
| Amounts payable after more than one year | 17 | €158,582 | €139,823 | -€18,758 | -11.8% |
| Financial debts | 170/4 | €158,582 | €139,823 | -€18,758 | -11.8% |
| Amounts payable within one year | 42/48 | €58,248 | €127,750 | +€69,502 | +119% |
| Current portion of amounts payable after more than one year | 42 | €34,329 | €37,571 | +€3,242 | +9.4% |
| Trade debts | 44 | €2,452 | €2,146 | -€307 | -12.5% |
| Suppliers | 440/4 | €2,452 | €2,146 | -€307 | -12.5% |
| Advances received on contracts in progress | 46 | €500 | - | -€500 | |
| Taxes, remuneration and social security | 45 | €14,144 | €4,945 | -€9,199 | -65.0% |
| Taxes | 450/3 | €11,094 | €4,945 | -€6,149 | -55.4% |
| Remuneration and social security | 454/9 | €3,050 | - | -€3,050 | |
| Other amounts payable | 47/48 | €6,823 | €83,088 | +€76,265 | +1,118% |
| Accrued charges and deferred income | 492/3 | €2,575 | - | -€2,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,199 | €53,308 | +€32,109 | +151% |
| Other operating charges | 640/8 | €5,825 | €1,216 | -€4,609 | -79.1% |
| Gross operating margin | 9900 | €70,734 | €96,331 | +€25,596 | +36.2% |
| Operating profit (loss) | 9901 | €43,710 | €41,807 | -€1,904 | -4.4% |
| Financial income | 75/76B | €886 | €329 | -€557 | -62.8% |
| Recurring financial income | 75 | €886 | €329 | -€557 | -62.8% |
| Financial charges | 65/66B | €5,534 | €8,013 | +€2,479 | +44.8% |
| Recurring financial charges | 65 | €5,534 | €8,013 | +€2,479 | +44.8% |
| Profit (loss) for the period before taxes | 9903 | €39,062 | €34,123 | -€4,940 | -12.6% |
| Income taxes | 67/77 | €8,994 | €8,797 | -€197 | -2.2% |
| Profit (loss) for the period | 9904 | €30,069 | €25,326 | -€4,743 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,069 | €25,326 | -€4,743 | -15.8% |
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 29 October 2026 via checked.be.