Martine Rorif: 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.
Martine Rorif
Largest movements
- Receivables within one year +€2,024
up €2,024 (+5.3%), from €37,920 to €39,944
of which Other amounts receivable: +€1,429
- Cash +€1,251
up €1,251 (+11.2%), from €11,199 to €12,450
mainly Net result for the year (+€2,039) and Trade debts (+€634)
- Profit (loss) carried forward +€2,039
up €2,039 (+12.3%), from €16,530 to €18,569
- Trade debts +€634
up €634 (+123%), from €515 to €1,149
- Gross operating margin -€17,957
down €17,957 (-83.7%), from €21,458 to €3,502
- Taxes -€3,429
down €3,429 (-79.5%), from €4,313 to €883
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 | €49,119 | €52,394 | +€3,275 | +6.7% |
| Current assets | 29/58 | €49,119 | €52,394 | +€3,275 | +6.7% |
| Amounts receivable within one year | 40/41 | €37,920 | €39,944 | +€2,024 | +5.3% |
| Trade receivables | 40 | €28,233 | €28,827 | +€594 | +2.1% |
| Other amounts receivable | 41 | €9,687 | €11,117 | +€1,429 | +14.8% |
| Cash at bank and in hand | 54/58 | €11,199 | €12,450 | +€1,251 | +11.2% |
| Total equity and liabilities | 10/49 | €49,119 | €52,394 | +€3,275 | +6.7% |
| Equity | 10/15 | €21,530 | €23,569 | +€2,039 | +9.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,530 | €18,569 | +€2,039 | +12.3% |
| Amounts payable | 17/49 | €27,590 | €28,825 | +€1,235 | +4.5% |
| Amounts payable within one year | 42/48 | €27,590 | €28,825 | +€1,235 | +4.5% |
| Trade debts | 44 | €515 | €1,149 | +€634 | +123% |
| Suppliers | 440/4 | €515 | €1,149 | +€634 | +123% |
| Taxes, remuneration and social security | 45 | €21,944 | €22,146 | +€202 | +0.9% |
| Taxes | 450/3 | €13,092 | €13,294 | +€202 | +1.5% |
| Remuneration and social security | 454/9 | €8,851 | €8,851 | = | 0.0% |
| Other amounts payable | 47/48 | €5,131 | €5,530 | +€400 | +7.8% |
| Other operating charges | 640/8 | €523 | €400 | -€124 | -23.6% |
| Gross operating margin | 9900 | €21,458 | €3,502 | -€17,957 | -83.7% |
| Operating profit (loss) | 9901 | €20,935 | €3,102 | -€17,833 | -85.2% |
| Financial charges | 65/66B | €92 | €179 | +€87 | +93.9% |
| Recurring financial charges | 65 | €92 | €179 | +€87 | +93.9% |
| Profit (loss) for the period before taxes | 9903 | €20,843 | €2,923 | -€17,920 | -86.0% |
| Income taxes | 67/77 | €4,313 | €883 | -€3,429 | -79.5% |
| Profit (loss) for the period | 9904 | €16,530 | €2,039 | -€14,490 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,530 | €2,039 | -€14,490 | -87.7% |
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 19 October 2026 via checked.be.