JEROME ROUSSEAUX: what changed
JEROME ROUSSEAUX
Largest movements
- Deferred charges and accrued income +€23,049
up €23,049 (+1,434%), from €1,608 to €24,657
- Tangible fixed assets -€14,253
down €14,253 (-20.7%), from €68,926 to €54,673
of which Furniture and vehicles: -€13,227
- Cash -€8,195
down €8,195 (-16.9%), from €48,458 to €40,263
mainly Contributions, distributions and other (-€35,485) and Deferred charges and accrued income (-€23,049)
- Receivables within one year -€7,550
down €7,550 (-53.5%), from €14,103 to €6,554
of which Other amounts receivable: -€4,539
- Other debts +€12,485
up €12,485 (+54.3%), from €23,000 to €35,485
- Debts after one year -€10,751
down €10,751 (-36.0%), from €29,902 to €19,152
- Accrued charges and deferred income -€4,476
no longer reported in 2025 (was €4,476)
- Tax, wage and social debts -€3,783
down €3,783 (-38.1%), from €9,918 to €6,135
- Reserves -€1,860
down €1,860 (-4.4%), from €41,937 to €40,077
- Gross operating margin +€6,294
up €6,294 (+10.4%), from €60,710 to €67,003
- Taxes +€1,091
up €1,091 (+11.7%), from €9,354 to €10,445
- Other operating charges -€906
down €906 (-51.2%), from €1,768 to €862
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,095 | €126,147 | -€6,948 | -5.2% |
| Fixed assets | 21/28 | €68,926 | €54,673 | -€14,253 | -20.7% |
| Tangible fixed assets | 22/27 | €68,926 | €54,673 | -€14,253 | -20.7% |
| Plant, machinery and equipment | 23 | €2,091 | €1,573 | -€518 | -24.8% |
| Furniture and vehicles | 24 | €63,244 | €50,017 | -€13,227 | -20.9% |
| Other tangible fixed assets | 26 | €3,591 | €3,083 | -€508 | -14.2% |
| Current assets | 29/58 | €64,169 | €71,474 | +€7,305 | +11.4% |
| Amounts receivable within one year | 40/41 | €14,103 | €6,554 | -€7,550 | -53.5% |
| Trade receivables | 40 | €3,011 | - | -€3,011 | |
| Other amounts receivable | 41 | €11,093 | €6,554 | -€4,539 | -40.9% |
| Cash at bank and in hand | 54/58 | €48,458 | €40,263 | -€8,195 | -16.9% |
| Deferred charges and accrued income | 490/1 | €1,608 | €24,657 | +€23,049 | +1,434% |
| Total equity and liabilities | 10/49 | €133,095 | €126,147 | -€6,948 | -5.2% |
| Equity | 10/15 | €54,337 | €52,477 | -€1,860 | -3.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €41,937 | €40,077 | -€1,860 | -4.4% |
| Distributable reserves | 133 | €41,937 | €40,077 | -€1,860 | -4.4% |
| Amounts payable | 17/49 | €78,758 | €73,669 | -€5,088 | -6.5% |
| Amounts payable after more than one year | 17 | €29,902 | €19,152 | -€10,751 | -36.0% |
| Financial debts | 170/4 | €29,902 | €19,152 | -€10,751 | -36.0% |
| Amounts payable within one year | 42/48 | €44,379 | €54,518 | +€10,139 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €11,058 | €11,623 | +€565 | +5.1% |
| Trade debts | 44 | €403 | €1,275 | +€872 | +217% |
| Suppliers | 440/4 | €403 | €1,275 | +€872 | +217% |
| Taxes, remuneration and social security | 45 | €9,918 | €6,135 | -€3,783 | -38.1% |
| Taxes | 450/3 | €9,918 | €6,135 | -€3,783 | -38.1% |
| Other amounts payable | 47/48 | €23,000 | €35,485 | +€12,485 | +54.3% |
| Accrued charges and deferred income | 492/3 | €4,476 | - | -€4,476 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,898 | €20,275 | +€376 | +1.9% |
| Other operating charges | 640/8 | €1,768 | €862 | -€906 | -51.2% |
| Non-recurring operating charges | 66A | €510 | - | -€510 | |
| Gross operating margin | 9900 | €60,710 | €67,003 | +€6,294 | +10.4% |
| Operating profit (loss) | 9901 | €38,533 | €45,866 | +€7,334 | +19.0% |
| Financial income | 75/76B | €165 | €164 | -€1 | -0.3% |
| Recurring financial income | 75 | €165 | €164 | -€1 | -0.3% |
| Financial charges | 65/66B | €2,498 | €1,960 | -€538 | -21.5% |
| Recurring financial charges | 65 | €2,498 | €1,960 | -€538 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €36,200 | €44,070 | +€7,871 | +21.7% |
| Income taxes | 67/77 | €9,354 | €10,445 | +€1,091 | +11.7% |
| Profit (loss) for the period | 9904 | €26,846 | €33,625 | +€6,779 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,846 | €33,625 | +€6,779 | +25.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.