P. ROTTHIER: 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.
P. ROTTHIER
Largest movements
- Cash -€24,769
down €24,769 (-100.0%), from €24,769 to €0
mainly Net result for the year (-€37,011) and Receivables within one year (-€16,662)
- Receivables within one year +€16,662
up €16,662 (+36.6%), from €45,554 to €62,215
of which Trade receivables: +€15,356
- Deferred charges and accrued income -€13,815
down €13,815 (-84.9%), from €16,280 to €2,464
- Tangible fixed assets -€2,814
down €2,814 (-15.5%), from €18,131 to €15,317
of which Furniture and vehicles: -€1,929
- Profit (loss) carried forward -€20,129
down €20,129, from €0 to -€20,129
- Short-term financial debts +€18,230
up €18,230, from €0 to €18,230
- Reserves -€16,882
down €16,882 (-22.8%), from €73,997 to €57,116
- Current portion of long-term debt -€6,102
down €6,102 (-100.0%), from €6,102 to €0
- Gross operating margin -€66,347
down €66,347 (-67.2%), from €98,718 to €32,370
- Taxes -€7,957
down €7,957 (-92.0%), from €8,648 to €691
- Staff costs -€6,089
down €6,089 (-10.1%), from €60,085 to €53,995
- Depreciation -€4,093
down €4,093 (-29.7%), from €13,758 to €9,666
- Other operating charges +€3,253
up €3,253 (+1073.2%), from €303 to €3,556
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 | €111,085 | €85,997 | -€25,088 | -22.6% |
| Fixed assets | 21/28 | €18,483 | €15,317 | -€3,166 | -17.1% |
| Intangible fixed assets | 21 | €352 | €0 | -€352 | -100.0% |
| Tangible fixed assets | 22/27 | €18,131 | €15,317 | -€2,814 | -15.5% |
| Plant, machinery and equipment | 23 | €1,861 | €976 | -€885 | -47.6% |
| Furniture and vehicles | 24 | €16,271 | €14,342 | -€1,929 | -11.9% |
| Current assets | 29/58 | €92,602 | €70,680 | -€21,922 | -23.7% |
| Stocks and contracts in progress | 3 | €6,000 | €6,000 | = | 0.0% |
| Stocks | 30/36 | €6,000 | €6,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45,554 | €62,215 | +€16,662 | +36.6% |
| Trade receivables | 40 | €45,554 | €60,910 | +€15,356 | +33.7% |
| Other amounts receivable | 41 | €0 | €1,305 | +€1,305 | |
| Cash at bank and in hand | 54/58 | €24,769 | €0 | -€24,769 | -100.0% |
| Deferred charges and accrued income | 490/1 | €16,280 | €2,464 | -€13,815 | -84.9% |
| Total equity and liabilities | 10/49 | €111,085 | €85,997 | -€25,088 | -22.6% |
| Equity | 10/15 | €80,197 | €43,186 | -€37,011 | -46.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €73,997 | €57,116 | -€16,882 | -22.8% |
| Distributable reserves | 133 | €73,997 | €57,116 | -€16,882 | -22.8% |
| Profit (loss) carried forward | 14 | €0 | -€20,129 | -€20,129 | |
| Amounts payable | 17/49 | €30,888 | €42,811 | +€11,923 | +38.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €30,888 | €42,811 | +€11,923 | +38.6% |
| Current portion of amounts payable after more than one year | 42 | €6,102 | €0 | -€6,102 | -100.0% |
| Financial debts | 43 | €0 | €18,230 | +€18,230 | |
| Credit institutions | 430/8 | €0 | €18,230 | +€18,230 | |
| Trade debts | 44 | €11,772 | €12,015 | +€243 | +2.1% |
| Suppliers | 440/4 | €11,772 | €12,015 | +€243 | +2.1% |
| Taxes, remuneration and social security | 45 | €2,618 | €2,407 | -€211 | -8.1% |
| Taxes | 450/3 | €968 | €1,039 | +€71 | +7.4% |
| Remuneration and social security | 454/9 | €1,650 | €1,367 | -€282 | -17.1% |
| Other amounts payable | 47/48 | €10,396 | €10,159 | -€237 | -2.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €60,085 | €53,995 | -€6,089 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,758 | €9,666 | -€4,093 | -29.7% |
| Other operating charges | 640/8 | €303 | €3,556 | +€3,253 | +1073.2% |
| Gross operating margin | 9900 | €98,718 | €32,370 | -€66,347 | -67.2% |
| Operating profit (loss) | 9901 | €24,572 | -€34,847 | -€59,418 | |
| Financial income | 75/76B | €1,433 | €429 | -€1,004 | -70.1% |
| Recurring financial income | 75 | €1,433 | €429 | -€1,004 | -70.1% |
| Financial charges | 65/66B | €2,890 | €1,902 | -€988 | -34.2% |
| Recurring financial charges | 65 | €2,890 | €1,902 | -€988 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €23,114 | -€36,320 | -€59,434 | |
| Income taxes | 67/77 | €8,648 | €691 | -€7,957 | -92.0% |
| Profit (loss) for the period | 9904 | €14,466 | -€37,011 | -€51,477 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,466 | -€37,011 | -€51,477 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.