Laura Rosseel: 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.
Laura Rosseel
Largest movements
- Receivables within one year +€48,500
new in 2025: €48,500
- Cash -€27,541
down €27,541 (-39.1%), from €70,354 to €42,812
mainly Receivables within one year (-€48,500) and Contributions, distributions and other (-€40,000)
- Deferred charges and accrued income +€22,884
up €22,884 (+56,198%), from €41 to €22,924
- Other debts +€27,508
up €27,508 (+76.5%), from €35,980 to €63,488
- Reserves +€20,377
up €20,377 (+61.5%), from €33,128 to €53,504
- Debts after one year -€4,752
down €4,752 (-29.6%), from €16,076 to €11,324
- Gross operating margin +€17,888
up €17,888 (+25.4%), from €70,380 to €88,268
- Taxes +€5,048
up €5,048 (+29.9%), from €16,857 to €21,905
- Financial charges +€1,369
up €1,369 (+194%), from €704 to €2,073
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 | €106,589 | €151,004 | +€44,414 | +41.7% |
| Fixed assets | 21/28 | €36,195 | €36,767 | +€572 | +1.6% |
| Tangible fixed assets | 22/27 | €36,195 | €36,767 | +€572 | +1.6% |
| Land and buildings | 22 | €33,294 | €32,034 | -€1,260 | -3.8% |
| Plant, machinery and equipment | 23 | €2,794 | €1,223 | -€1,572 | -56.2% |
| Furniture and vehicles | 24 | €106 | €3,510 | +€3,404 | +3,203% |
| Current assets | 29/58 | €70,394 | €114,237 | +€43,842 | +62.3% |
| Amounts receivable within one year | 40/41 | - | €48,500 | +€48,500 | |
| Trade receivables | 40 | - | €48,500 | +€48,500 | |
| Cash at bank and in hand | 54/58 | €70,354 | €42,812 | -€27,541 | -39.1% |
| Deferred charges and accrued income | 490/1 | €41 | €22,924 | +€22,884 | +56,198% |
| Total equity and liabilities | 10/49 | €106,589 | €151,004 | +€44,414 | +41.7% |
| Equity | 10/15 | €36,128 | €56,504 | +€20,377 | +56.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,128 | €53,504 | +€20,377 | +61.5% |
| Distributable reserves | 133 | €33,128 | €53,504 | +€20,377 | +61.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €70,461 | €94,499 | +€24,038 | +34.1% |
| Amounts payable after more than one year | 17 | €16,076 | €11,324 | -€4,752 | -29.6% |
| Financial debts | 170/4 | €16,076 | €11,324 | -€4,752 | -29.6% |
| Amounts payable within one year | 42/48 | €54,101 | €81,464 | +€27,363 | +50.6% |
| Current portion of amounts payable after more than one year | 42 | €4,693 | €4,752 | +€59 | +1.3% |
| Trade debts | 44 | €1,058 | €487 | -€570 | -53.9% |
| Suppliers | 440/4 | €1,058 | €487 | -€570 | -53.9% |
| Taxes, remuneration and social security | 45 | €12,370 | €12,736 | +€366 | +3.0% |
| Taxes | 450/3 | €12,370 | €12,736 | +€366 | +3.0% |
| Other amounts payable | 47/48 | €35,980 | €63,488 | +€27,508 | +76.5% |
| Accrued charges and deferred income | 492/3 | €284 | €1,712 | +€1,428 | +503% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,647 | €3,234 | +€587 | +22.2% |
| Other operating charges | 640/8 | €660 | €679 | +€19 | +2.9% |
| Non-recurring operating charges | 66A | €1,653 | €0 | -€1,653 | -100% |
| Gross operating margin | 9900 | €70,380 | €88,268 | +€17,888 | +25.4% |
| Operating profit (loss) | 9901 | €65,420 | €84,355 | +€18,934 | +28.9% |
| Financial charges | 65/66B | €704 | €2,073 | +€1,369 | +194% |
| Recurring financial charges | 65 | €704 | €2,073 | +€1,369 | +194% |
| Profit (loss) for the period before taxes | 9903 | €64,716 | €82,282 | +€17,565 | +27.1% |
| Income taxes | 67/77 | €16,857 | €21,905 | +€5,048 | +29.9% |
| Profit (loss) for the period | 9904 | €47,859 | €60,377 | +€12,518 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,859 | €60,377 | +€12,518 | +26.2% |
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.