KATRIEN ROTSAERT: 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.
KATRIEN ROTSAERT
Largest movements
- Cash -€3,190
down €3,190 (-11.1%), from €28,719 to €25,528
mainly Net result for the year (-€3,224) and Current portion of long-term debt (-€2,641)
- Tangible fixed assets -€2,515
no longer reported in 2025 (was €2,515)
- Receivables within one year -€662
down €662 (-4.7%), from €14,029 to €13,367
- Profit (loss) carried forward -€3,224
new in 2025: -€3,224
- Current portion of long-term debt -€2,641
no longer reported in 2025 (was €2,641)
- Tax, wage and social debts -€1,139
down €1,139 (-21.1%), from €5,405 to €4,266
- Other debts +€640
up €640 (+131.7%), from €486 to €1,126
- Gross operating margin -€9,425
down €9,425 (-36.5%), from €25,853 to €16,428
- Depreciation -€2,317
down €2,317 (-47.9%), from €4,832 to €2,515
- Taxes -€1,304
down €1,304 (-93.8%), from €1,389 to €86
- Financial charges -€1,217
down €1,217 (-75.2%), from €1,619 to €402
- Staff costs +€740
up €740 (+4.9%), from €15,220 to €15,959
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 | €45,263 | €38,896 | -€6,368 | -14.1% |
| Fixed assets | 21/28 | €2,515 | - | -€2,515 | |
| Tangible fixed assets | 22/27 | €2,515 | - | -€2,515 | |
| Furniture and vehicles | 24 | €2,515 | - | -€2,515 | |
| Current assets | 29/58 | €42,748 | €38,896 | -€3,852 | -9.0% |
| Amounts receivable within one year | 40/41 | €14,029 | €13,367 | -€662 | -4.7% |
| Trade receivables | 40 | €14,029 | €13,367 | -€662 | -4.7% |
| Cash at bank and in hand | 54/58 | €28,719 | €25,528 | -€3,190 | -11.1% |
| Total equity and liabilities | 10/49 | €45,263 | €38,896 | -€6,368 | -14.1% |
| Equity | 10/15 | €35,031 | €31,807 | -€3,224 | -9.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Outside capital | 11 | €25,000 | €25,000 | = | 0.0% |
| Other | 1109/19 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €10,031 | €10,031 | = | 0.0% |
| Distributable reserves | 133 | €10,031 | €10,031 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,224 | -€3,224 | |
| Amounts payable | 17/49 | €10,233 | €7,089 | -€3,144 | -30.7% |
| Amounts payable within one year | 42/48 | €9,278 | €6,276 | -€3,001 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €2,641 | - | -€2,641 | |
| Trade debts | 44 | €746 | €885 | +€138 | +18.6% |
| Suppliers | 440/4 | €746 | €885 | +€138 | +18.6% |
| Taxes, remuneration and social security | 45 | €5,405 | €4,266 | -€1,139 | -21.1% |
| Taxes | 450/3 | €5,405 | €4,266 | -€1,139 | -21.1% |
| Other amounts payable | 47/48 | €486 | €1,126 | +€640 | +131.7% |
| Accrued charges and deferred income | 492/3 | €955 | €813 | -€142 | -14.9% |
| Remuneration, social security and pensions | 62 | €15,220 | €15,959 | +€740 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,832 | €2,515 | -€2,317 | -47.9% |
| Other operating charges | 640/8 | €703 | €690 | -€12 | -1.8% |
| Gross operating margin | 9900 | €25,853 | €16,428 | -€9,425 | -36.5% |
| Operating profit (loss) | 9901 | €5,099 | -€2,737 | -€7,836 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -63.6% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -63.6% |
| Financial charges | 65/66B | €1,619 | €402 | -€1,217 | -75.2% |
| Recurring financial charges | 65 | €1,619 | €402 | -€1,217 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | €3,482 | -€3,138 | -€6,620 | |
| Income taxes | 67/77 | €1,389 | €86 | -€1,304 | -93.8% |
| Profit (loss) for the period | 9904 | €2,092 | -€3,224 | -€5,316 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,092 | -€3,224 | -€5,316 |
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 7 October 2026 via checked.be.