L. ROUSSEAU: 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.
L. ROUSSEAU
Largest movements
- Cash +€359,948
up €359,948 (+49.1%), from €732,380 to €1.1m
mainly Net result for the year (+€437,196) and Depreciation (+€6,022)
- Reserves +€437,000
up €437,000 (+44.4%), from €984,660 to €1.4m
- Other debts -€64,587
down €64,587 (-54.8%), from €117,925 to €53,338
- Taxes +€17,809
up €17,809 (+9.5%), from €187,647 to €205,456
- Financial income +€11,463
new in 2025: €11,463
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 | €1,270,658 | €1,634,671 | +€364,013 | +28.6% |
| Fixed assets | 21/28 | €7,025 | €1,004 | -€6,022 | -85.7% |
| Tangible fixed assets | 22/27 | €7,025 | €1,004 | -€6,022 | -85.7% |
| Furniture and vehicles | 24 | €7,025 | €1,004 | -€6,022 | -85.7% |
| Current assets | 29/58 | €1,263,632 | €1,633,667 | +€370,035 | +29.3% |
| Amounts receivable within one year | 40/41 | €531,252 | €541,339 | +€10,087 | +1.9% |
| Trade receivables | 40 | €510,252 | €509,600 | -€652 | -0.1% |
| Other amounts receivable | 41 | €21,000 | €31,739 | +€10,739 | +51.1% |
| Cash at bank and in hand | 54/58 | €732,380 | €1,092,328 | +€359,948 | +49.1% |
| Total equity and liabilities | 10/49 | €1,270,658 | €1,634,671 | +€364,013 | +28.6% |
| Equity | 10/15 | €1,003,642 | €1,440,837 | +€437,196 | +43.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €984,660 | €1,421,660 | +€437,000 | +44.4% |
| Distributable reserves | 133 | €984,660 | €1,421,660 | +€437,000 | +44.4% |
| Profit (loss) carried forward | 14 | €382 | €577 | +€196 | +51.3% |
| Amounts payable | 17/49 | €267,016 | €193,833 | -€73,183 | -27.4% |
| Amounts payable within one year | 42/48 | €267,016 | €193,833 | -€73,183 | -27.4% |
| Taxes, remuneration and social security | 45 | €149,092 | €140,495 | -€8,596 | -5.8% |
| Taxes | 450/3 | €149,092 | €140,495 | -€8,596 | -5.8% |
| Other amounts payable | 47/48 | €117,925 | €53,338 | -€64,587 | -54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,022 | €6,022 | = | 0.0% |
| Other operating charges | 640/8 | €670 | €766 | +€96 | +14.3% |
| Gross operating margin | 9900 | €640,165 | €638,578 | -€1,587 | -0.2% |
| Operating profit (loss) | 9901 | €633,474 | €631,791 | -€1,683 | -0.3% |
| Financial income | 75/76B | - | €11,463 | +€11,463 | |
| Recurring financial income | 75 | - | €11,463 | +€11,463 | |
| Financial charges | 65/66B | €629 | €602 | -€27 | -4.3% |
| Recurring financial charges | 65 | €629 | €602 | -€27 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €632,845 | €642,652 | +€9,807 | +1.5% |
| Income taxes | 67/77 | €187,647 | €205,456 | +€17,809 | +9.5% |
| Profit (loss) for the period | 9904 | €445,197 | €437,196 | -€8,001 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €445,197 | €437,196 | -€8,001 | -1.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.