ROOTS: what changed
Two fiscal 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.
ROOTS
Largest movements
- Cash +€74,001
up €74,001 (+49.1%), from €150,815 to €224,815
mainly Current investments (+€71,137) and Depreciation (+€43,297)
- Current investments -€71,137
down €71,137 (-17.8%), from €399,631 to €328,493
- Deferred charges and accrued income -€19,467
down €19,467 (-65.9%), from €29,553 to €10,085
- Receivables within one year -€13,488
down €13,488 (-6.2%), from €218,995 to €205,507
of which Trade receivables: -€25,686
- Reserves -€77,104
down €77,104 (-11.5%), from €672,076 to €594,972
of which Distributable reserves: -€77,104
- Trade debts +€43,042
up €43,042 (+119.1%), from €36,136 to €79,179
- Staff costs +€39,030
up €39,030 (+6.7%), from €586,009 to €625,039
- Taxes -€15,212
down €15,212 (-42.0%), from €36,239 to €21,027
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 | €959,277 | €924,760 | -€34,517 | -3.6% |
| Fixed assets | 21/28 | €160,284 | €155,858 | -€4,426 | -2.8% |
| Tangible fixed assets | 22/27 | €152,284 | €147,858 | -€4,426 | -2.9% |
| Plant, machinery and equipment | 23 | €25,000 | €16,858 | -€8,142 | -32.6% |
| Furniture and vehicles | 24 | €125,485 | €129,523 | +€4,038 | +3.2% |
| Other tangible fixed assets | 26 | €1,799 | €1,477 | -€322 | -17.9% |
| Financial fixed assets | 28 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €798,993 | €768,901 | -€30,091 | -3.8% |
| Amounts receivable within one year | 40/41 | €218,995 | €205,507 | -€13,488 | -6.2% |
| Trade receivables | 40 | €218,995 | €193,309 | -€25,686 | -11.7% |
| Other amounts receivable | 41 | - | €12,199 | +€12,199 | |
| Current investments | 50/53 | €399,631 | €328,493 | -€71,137 | -17.8% |
| Cash at bank and in hand | 54/58 | €150,815 | €224,815 | +€74,001 | +49.1% |
| Deferred charges and accrued income | 490/1 | €29,553 | €10,085 | -€19,467 | -65.9% |
| Total equity and liabilities | 10/49 | €959,277 | €924,760 | -€34,517 | -3.6% |
| Equity | 10/15 | €742,076 | €664,972 | -€77,104 | -10.4% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €672,076 | €594,972 | -€77,104 | -11.5% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €665,076 | €587,972 | -€77,104 | -11.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €217,201 | €259,788 | +€42,587 | +19.6% |
| Amounts payable after more than one year | 17 | €84,670 | €82,818 | -€1,852 | -2.2% |
| Financial debts | 170/4 | €84,670 | €82,818 | -€1,852 | -2.2% |
| Amounts payable within one year | 42/48 | €132,531 | €176,970 | +€44,439 | +33.5% |
| Current portion of amounts payable after more than one year | 42 | €27,404 | €34,998 | +€7,595 | +27.7% |
| Trade debts | 44 | €36,136 | €79,179 | +€43,042 | +119.1% |
| Suppliers | 440/4 | €36,136 | €79,179 | +€43,042 | +119.1% |
| Taxes, remuneration and social security | 45 | €68,991 | €62,793 | -€6,198 | -9.0% |
| Taxes | 450/3 | €9,138 | €5,692 | -€3,446 | -37.7% |
| Remuneration and social security | 454/9 | €59,854 | €57,101 | -€2,752 | -4.6% |
| Non-recurring operating income | 76A | €9,955 | €0 | -€9,955 | -100.0% |
| Remuneration, social security and pensions | 62 | €586,009 | €625,039 | +€39,030 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,842 | €43,297 | +€2,455 | +6.0% |
| Other operating charges | 640/8 | €1,382 | €1,268 | -€115 | -8.3% |
| Gross operating margin | 9900 | €726,772 | €725,972 | -€800 | -0.1% |
| Operating profit (loss) | 9901 | €98,539 | €56,368 | -€42,171 | -42.8% |
| Financial income | 75/76B | €12,679 | €10,748 | -€1,931 | -15.2% |
| Recurring financial income | 75 | €12,679 | €10,748 | -€1,931 | -15.2% |
| Financial charges | 65/66B | €6,257 | €6,309 | +€51 | +0.8% |
| Recurring financial charges | 65 | €6,257 | €6,309 | +€51 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €104,961 | €60,807 | -€44,153 | -42.1% |
| Income taxes | 67/77 | €36,239 | €21,027 | -€15,212 | -42.0% |
| Profit (loss) for the period | 9904 | €68,721 | €39,780 | -€28,941 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,721 | €39,780 | -€28,941 | -42.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.