Julien Rouxhet: 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.
Julien Rouxhet
Largest movements
- Cash -€30,824
down €30,824 (-19.3%), from €159,395 to €128,571
mainly Net result for the year (-€68,895) and Trade debts (-€7,348)
- Stocks and contracts -€30,000
no longer reported in 2025 (was €30,000)
- Tangible fixed assets -€14,231
down €14,231 (-15.0%), from €94,695 to €80,464
of which Land and buildings: -€11,943
- Reserves -€68,895
down €68,895 (-54.7%), from €126,048 to €57,153
of which Distributable reserves: -€68,895
- Trade debts -€7,348
down €7,348 (-97.9%), from €7,503 to €155
- Gross operating margin +€8,932
up €8,932 (+35.3%), from -€25,289 to -€16,357
- Other operating charges +€1,320
up €1,320 (+20.3%), from €6,511 to €7,831
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 | €292,392 | €216,185 | -€76,208 | -26.1% |
| Fixed assets | 21/28 | €94,695 | €80,464 | -€14,231 | -15.0% |
| Tangible fixed assets | 22/27 | €94,695 | €80,464 | -€14,231 | -15.0% |
| Land and buildings | 22 | €91,626 | €79,684 | -€11,943 | -13.0% |
| Plant, machinery and equipment | 23 | €3,069 | €780 | -€2,288 | -74.6% |
| Current assets | 29/58 | €197,697 | €135,721 | -€61,977 | -31.3% |
| Stocks and contracts in progress | 3 | €30,000 | - | -€30,000 | |
| Stocks | 30/36 | €30,000 | - | -€30,000 | |
| Amounts receivable within one year | 40/41 | €6,593 | €5,430 | -€1,163 | -17.6% |
| Trade receivables | 40 | €5,319 | €3,328 | -€1,991 | -37.4% |
| Other amounts receivable | 41 | €1,274 | €2,102 | +€828 | +65.0% |
| Cash at bank and in hand | 54/58 | €159,395 | €128,571 | -€30,824 | -19.3% |
| Deferred charges and accrued income | 490/1 | €1,710 | €1,720 | +€10 | +0.6% |
| Total equity and liabilities | 10/49 | €292,392 | €216,185 | -€76,208 | -26.1% |
| Equity | 10/15 | €280,981 | €212,087 | -€68,895 | -24.5% |
| Contributions | 10/11 | €154,933 | €154,933 | = | 0.0% |
| Capital | 10 | €154,933 | €154,933 | = | 0.0% |
| Issued capital | 100 | €154,933 | €154,933 | = | 0.0% |
| Reserves | 13 | €126,048 | €57,153 | -€68,895 | -54.7% |
| Non-distributable reserves | 130/1 | €15,493 | €15,493 | = | 0.0% |
| Legal reserve | 130 | €15,493 | €15,493 | = | 0.0% |
| Distributable reserves | 133 | €110,555 | €41,660 | -€68,895 | -62.3% |
| Amounts payable | 17/49 | €11,411 | €4,098 | -€7,313 | -64.1% |
| Amounts payable within one year | 42/48 | €11,411 | €4,029 | -€7,382 | -64.7% |
| Trade debts | 44 | €7,503 | €155 | -€7,348 | -97.9% |
| Suppliers | 440/4 | €7,503 | €155 | -€7,348 | -97.9% |
| Other amounts payable | 47/48 | €3,908 | €3,874 | -€35 | -0.9% |
| Accrued charges and deferred income | 492/3 | - | €69 | +€69 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,385 | €14,231 | -€154 | -1.1% |
| Other operating charges | 640/8 | €6,511 | €7,831 | +€1,320 | +20.3% |
| Non-recurring operating charges | 66A | - | €30,000 | +€30,000 | |
| Gross operating margin | 9900 | -€25,289 | -€16,357 | +€8,932 | +35.3% |
| Operating profit (loss) | 9901 | -€46,185 | -€68,418 | -€22,234 | -48.1% |
| Financial charges | 65/66B | €415 | €476 | +€62 | +14.9% |
| Recurring financial charges | 65 | €415 | €476 | +€62 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | -€46,599 | -€68,895 | -€22,295 | -47.8% |
| Profit (loss) for the period | 9904 | -€46,599 | -€68,895 | -€22,295 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,599 | -€68,895 | -€22,295 | -47.8% |
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 30 October 2026 via checked.be.