ROOSE-GEERTS: 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.
ROOSE-GEERTS
Largest movements
- Cash -€143,660
down €143,660 (-15.1%), from €952,539 to €808,879
mainly Advances received (-€200,651) and Investment in fixed assets (net) (-€90,720)
- Tangible fixed assets +€42,334
up €42,334 (+8.9%), from €477,835 to €520,169
of which Plant, machinery and equipment: +€63,143
- Advances received -€200,651
down €200,651 (-28.9%), from €694,142 to €493,491
- Trade debts +€67,347
up €67,347 (+118%), from €57,026 to €124,373
- Debts after one year +€15,518
up €15,518 (+6.2%), from €249,146 to €264,665
- Gross operating margin -€85,569
down €85,569 (-24.2%), from €354,177 to €268,607
- Taxes -€28,385
down €28,385 (-53.0%), from €53,585 to €25,200
- Staff costs +€13,304
up €13,304 (+16.1%), from €82,611 to €95,916
- Depreciation +€7,330
up €7,330 (+17.9%), from €41,056 to €48,386
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 | €1,506,381 | €1,391,038 | -€115,344 | -7.7% |
| Fixed assets | 21/28 | €477,835 | €520,169 | +€42,334 | +8.9% |
| Tangible fixed assets | 22/27 | €477,835 | €520,169 | +€42,334 | +8.9% |
| Land and buildings | 22 | €445,799 | €417,269 | -€28,530 | -6.4% |
| Plant, machinery and equipment | 23 | €24,402 | €87,546 | +€63,143 | +259% |
| Furniture and vehicles | 24 | €7,634 | €15,355 | +€7,720 | +101% |
| Current assets | 29/58 | €1,028,546 | €870,869 | -€157,678 | -15.3% |
| Amounts receivable within one year | 40/41 | €69,437 | €55,022 | -€14,415 | -20.8% |
| Trade receivables | 40 | €46,976 | €8,806 | -€38,170 | -81.3% |
| Other amounts receivable | 41 | €22,461 | €46,216 | +€23,754 | +106% |
| Cash at bank and in hand | 54/58 | €952,539 | €808,879 | -€143,660 | -15.1% |
| Deferred charges and accrued income | 490/1 | €6,570 | €6,968 | +€398 | +6.1% |
| Total equity and liabilities | 10/49 | €1,506,381 | €1,391,038 | -€115,344 | -7.7% |
| Equity | 10/15 | €290,512 | €293,902 | +€3,390 | +1.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €270,512 | €273,902 | +€3,390 | +1.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €268,512 | €271,902 | +€3,390 | +1.3% |
| Amounts payable | 17/49 | €1,215,869 | €1,097,135 | -€118,734 | -9.8% |
| Amounts payable after more than one year | 17 | €249,146 | €264,665 | +€15,518 | +6.2% |
| Financial debts | 170/4 | €249,146 | €264,665 | +€15,518 | +6.2% |
| Amounts payable within one year | 42/48 | €966,723 | €832,471 | -€134,252 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €57,398 | €53,514 | -€3,885 | -6.8% |
| Trade debts | 44 | €57,026 | €124,373 | +€67,347 | +118% |
| Suppliers | 440/4 | €57,026 | €124,373 | +€67,347 | +118% |
| Advances received on contracts in progress | 46 | €694,142 | €493,491 | -€200,651 | -28.9% |
| Taxes, remuneration and social security | 45 | €8,156 | €6,094 | -€2,063 | -25.3% |
| Taxes | 450/3 | - | €51 | +€51 | |
| Remuneration and social security | 454/9 | €8,156 | €6,043 | -€2,114 | -25.9% |
| Other amounts payable | 47/48 | €150,000 | €155,000 | +€5,000 | +3.3% |
| Remuneration, social security and pensions | 62 | €82,611 | €95,916 | +€13,304 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,056 | €48,386 | +€7,330 | +17.9% |
| Other operating charges | 640/8 | €6,020 | €7,568 | +€1,548 | +25.7% |
| Gross operating margin | 9900 | €354,177 | €268,607 | -€85,569 | -24.2% |
| Operating profit (loss) | 9901 | €224,489 | €116,737 | -€107,752 | -48.0% |
| Financial income | 75/76B | €56 | €9 | -€47 | -83.8% |
| Recurring financial income | 75 | €56 | €9 | -€47 | -83.8% |
| Financial charges | 65/66B | €13,124 | €13,156 | +€32 | +0.2% |
| Recurring financial charges | 65 | €13,124 | €13,156 | +€32 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €211,421 | €103,590 | -€107,832 | -51.0% |
| Income taxes | 67/77 | €53,585 | €25,200 | -€28,385 | -53.0% |
| Profit (loss) for the period | 9904 | €157,837 | €78,390 | -€79,447 | -50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €157,837 | €78,390 | -€79,447 | -50.3% |
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 24 October 2026 via checked.be.