ROS BeLux: 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.
ROS BeLux
Largest movements
- Receivables within one year -€90,279
down €90,279 (-23.6%), from €381,894 to €291,615
of which Trade receivables: -€91,464
- Cash +€27,467
up €27,467 (+103%), from €26,563 to €54,030
mainly Receivables within one year (+€90,279) and Current portion of long-term debt (+€32,260)
- Tangible fixed assets -€19,312
down €19,312 (-56.8%), from €34,026 to €14,714
of which Furniture and vehicles: -€18,824
- Trade debts -€57,581
down €57,581 (-18.9%), from €304,060 to €246,479
- Profit (loss) carried forward -€34,261
down €34,261 (-250%), from -€13,687 to -€47,948
- Current portion of long-term debt +€32,260
up €32,260 (+412%), from €7,827 to €40,087
- Other debts +€22,500
new in 2025: €22,500
- Short-term financial debts -€20,949
down €20,949 (-100%), from €20,949 to €0
- Gross operating margin -€131,607
down €131,607 (-61.1%), from €215,282 to €83,675
- Taxes -€36,988
down €36,988, from €16,472 to -€20,516
- Financial charges -€7,062
down €7,062 (-35.2%), from €20,042 to €12,980
- Depreciation -€5,617
down €5,617 (-38.0%), from €14,793 to €9,176
- Other operating charges -€4,337
down €4,337 (-32.6%), from €13,291 to €8,954
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 | €457,687 | €368,276 | -€89,411 | -19.5% |
| Fixed assets | 21/28 | €41,846 | €18,048 | -€23,798 | -56.9% |
| Intangible fixed assets | 21 | €7,820 | €3,334 | -€4,487 | -57.4% |
| Tangible fixed assets | 22/27 | €34,026 | €14,714 | -€19,312 | -56.8% |
| Plant, machinery and equipment | 23 | €1,456 | €969 | -€487 | -33.5% |
| Furniture and vehicles | 24 | €32,569 | €13,745 | -€18,824 | -57.8% |
| Current assets | 29/58 | €415,842 | €350,229 | -€65,613 | -15.8% |
| Amounts receivable within one year | 40/41 | €381,894 | €291,615 | -€90,279 | -23.6% |
| Trade receivables | 40 | €309,280 | €217,816 | -€91,464 | -29.6% |
| Other amounts receivable | 41 | €72,614 | €73,799 | +€1,185 | +1.6% |
| Cash at bank and in hand | 54/58 | €26,563 | €54,030 | +€27,467 | +103% |
| Deferred charges and accrued income | 490/1 | €7,386 | €4,584 | -€2,801 | -37.9% |
| Total equity and liabilities | 10/49 | €457,687 | €368,276 | -€89,411 | -19.5% |
| Equity | 10/15 | €36,790 | -€11,284 | -€48,074 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €31,885 | €18,073 | -€13,813 | -43.3% |
| Distributable reserves | 133 | €31,885 | €18,073 | -€13,813 | -43.3% |
| Profit (loss) carried forward | 14 | -€13,687 | -€47,948 | -€34,261 | -250% |
| Amounts payable | 17/49 | €420,897 | €379,560 | -€41,337 | -9.8% |
| Amounts payable after more than one year | 17 | €11,080 | €11,198 | +€118 | +1.1% |
| Financial debts | 170/4 | €11,080 | €11,198 | +€118 | +1.1% |
| Amounts payable within one year | 42/48 | €409,818 | €368,362 | -€41,456 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €7,827 | €40,087 | +€32,260 | +412% |
| Financial debts | 43 | €20,949 | €0 | -€20,949 | -100% |
| Credit institutions | 430/8 | €20,949 | €0 | -€20,949 | -100% |
| Trade debts | 44 | €304,060 | €246,479 | -€57,581 | -18.9% |
| Suppliers | 440/4 | €304,060 | €246,479 | -€57,581 | -18.9% |
| Taxes, remuneration and social security | 45 | €76,982 | €59,296 | -€17,685 | -23.0% |
| Taxes | 450/3 | €48,254 | €59,296 | +€11,042 | +22.9% |
| Remuneration and social security | 454/9 | €28,727 | €0 | -€28,727 | -100% |
| Other amounts payable | 47/48 | - | €22,500 | +€22,500 | |
| Remuneration, social security and pensions | 62 | €123,912 | €120,988 | -€2,924 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,793 | €9,176 | -€5,617 | -38.0% |
| Other operating charges | 640/8 | €13,291 | €8,954 | -€4,337 | -32.6% |
| Non-recurring operating charges | 66A | - | €168 | +€168 | |
| Gross operating margin | 9900 | €215,282 | €83,675 | -€131,607 | -61.1% |
| Operating profit (loss) | 9901 | €63,286 | -€55,611 | -€118,896 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,100% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,100% |
| Financial charges | 65/66B | €20,042 | €12,980 | -€7,062 | -35.2% |
| Recurring financial charges | 65 | €20,042 | €12,980 | -€7,062 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €43,244 | -€68,590 | -€111,834 | |
| Income taxes | 67/77 | €16,472 | -€20,516 | -€36,988 | |
| Profit (loss) for the period | 9904 | €26,772 | -€48,074 | -€74,846 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,772 | -€48,074 | -€74,846 |
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 28 October 2026 via checked.be.