Philippe Rottiers: 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.
Philippe Rottiers
Largest movements
- Receivables after one year +€306,000
new in 2025: €306,000
- Cash -€17,552
down €17,552 (-10.9%), from €160,294 to €142,742
mainly Receivables after one year (-€306,000) and Contributions, distributions and other (-€127,092)
- Tangible fixed assets +€8,008
up €8,008 (+173.3%), from €4,620 to €12,628
- Receivables within one year -€6,835
down €6,835 (-75.3%), from €9,079 to €2,244
of which Other amounts receivable: -€5,764
- Deferred charges and accrued income +€5,518
up €5,518 (+317.3%), from €1,739 to €7,256
- Other debts +€535,014
up €535,014 (+3257.3%), from €16,425 to €551,439
- Profit (loss) carried forward -€233,567
down €233,567, from €127,092 to -€106,476
- Tax, wage and social debts -€12,618
down €12,618 (-98.7%), from €12,781 to €162
- Trade debts +€4,965
up €4,965 (+914.9%), from €543 to €5,508
- Gross operating margin -€150,165
down €150,165, from €48,537 to -€101,628
- Taxes -€9,215
down €9,215 (-98.3%), from €9,378 to €162
- Financial charges +€5,116
up €5,116 (+1644.1%), from €311 to €5,427
- Financial income +€4,254
up €4,254 (+386687.3%), from €1 to €4,255
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 | €175,732 | €470,871 | +€295,139 | +167.9% |
| Fixed assets | 21/28 | €4,620 | €12,628 | +€8,008 | +173.3% |
| Tangible fixed assets | 22/27 | €4,620 | €12,628 | +€8,008 | +173.3% |
| Furniture and vehicles | 24 | €4,620 | €12,628 | +€8,008 | +173.3% |
| Current assets | 29/58 | €171,112 | €458,243 | +€287,131 | +167.8% |
| Amounts receivable after more than one year | 29 | - | €306,000 | +€306,000 | |
| Other amounts receivable | 291 | - | €306,000 | +€306,000 | |
| Amounts receivable within one year | 40/41 | €9,079 | €2,244 | -€6,835 | -75.3% |
| Trade receivables | 40 | €3,006 | €1,935 | -€1,071 | -35.6% |
| Other amounts receivable | 41 | €6,074 | €310 | -€5,764 | -94.9% |
| Cash at bank and in hand | 54/58 | €160,294 | €142,742 | -€17,552 | -10.9% |
| Deferred charges and accrued income | 490/1 | €1,739 | €7,256 | +€5,518 | +317.3% |
| Total equity and liabilities | 10/49 | €175,732 | €470,871 | +€295,139 | +167.9% |
| Equity | 10/15 | €142,092 | -€91,476 | -€233,567 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,092 | -€106,476 | -€233,567 | |
| Amounts payable | 17/49 | €33,641 | €562,347 | +€528,706 | +1571.6% |
| Amounts payable within one year | 42/48 | €29,891 | €557,109 | +€527,218 | +1763.8% |
| Financial debts | 43 | €142 | - | -€142 | |
| Credit institutions | 430/8 | €142 | - | -€142 | |
| Trade debts | 44 | €543 | €5,508 | +€4,965 | +914.9% |
| Suppliers | 440/4 | €543 | €5,508 | +€4,965 | +914.9% |
| Taxes, remuneration and social security | 45 | €12,781 | €162 | -€12,618 | -98.7% |
| Taxes | 450/3 | €12,781 | €162 | -€12,618 | -98.7% |
| Other amounts payable | 47/48 | €16,425 | €551,439 | +€535,014 | +3257.3% |
| Accrued charges and deferred income | 492/3 | €3,750 | €5,238 | +€1,488 | +39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,964 | €2,877 | +€913 | +46.5% |
| Other operating charges | 640/8 | €891 | €636 | -€254 | -28.6% |
| Gross operating margin | 9900 | €48,537 | -€101,628 | -€150,165 | |
| Operating profit (loss) | 9901 | €45,681 | -€105,141 | -€150,823 | |
| Financial income | 75/76B | €1 | €4,255 | +€4,254 | +386687.3% |
| Recurring financial income | 75 | €1 | €4,255 | +€4,254 | +386687.3% |
| Financial charges | 65/66B | €311 | €5,427 | +€5,116 | +1644.1% |
| Recurring financial charges | 65 | €311 | €5,427 | +€5,116 | +1644.1% |
| Profit (loss) for the period before taxes | 9903 | €45,371 | -€106,314 | -€151,685 | |
| Income taxes | 67/77 | €9,378 | €162 | -€9,215 | -98.3% |
| Profit (loss) for the period | 9904 | €35,994 | -€106,476 | -€142,469 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,994 | -€106,476 | -€142,469 |
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 9 October 2026 via checked.be.