ROSCOFIN: 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.
ROSCOFIN
Largest movements
- Cash -€263,543
down €263,543 (-62.4%), from €422,040 to €158,496
mainly Trade debts (-€408,120) and Stocks and contracts (-€187,291)
- Stocks and contracts +€187,291
up €187,291 (+51.8%), from €361,432 to €548,723
- Receivables within one year +€186,895
up €186,895 (+7.5%), from €2.5m to €2.7m
of which Other amounts receivable: +€279,814
- Current investments +€71,958
up €71,958 (+8.0%), from €900,451 to €972,409
- Deferred charges and accrued income +€70,783
up €70,783 (+173.7%), from €40,759 to €111,541
- Reserves +€783,779
up €783,779 (+34.5%), from €2.3m to €3.1m
of which Distributable reserves: +€783,779
- Trade debts -€408,120
down €408,120 (-31.2%), from €1.3m to €898,002
- Gross operating margin +€331,090
up €331,090 (+28.7%), from €1.2m to €1.5m
- Provisions -€197,017
no longer reported in 2024 (was €197,017)
- Taxes +€133,082
up €133,082 (+99.5%), from €133,791 to €266,873
- Staff costs +€115,900
up €115,900 (+39.4%), from €294,160 to €410,060
- Financial charges -€46,322
down €46,322 (-41.3%), from €112,248 to €65,926
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,284,016 | €4,591,079 | +€307,063 | +7.2% |
| Fixed assets | 21/28 | €78,273 | €131,952 | +€53,679 | +68.6% |
| Intangible fixed assets | 21 | €19,760 | €9,760 | -€10,000 | -50.6% |
| Tangible fixed assets | 22/27 | €57,347 | €121,026 | +€63,679 | +111.0% |
| Plant, machinery and equipment | 23 | €50,608 | €120,979 | +€70,372 | +139.1% |
| Furniture and vehicles | 24 | €6,740 | €47 | -€6,692 | -99.3% |
| Financial fixed assets | 28 | €1,165 | €1,165 | = | 0.0% |
| Current assets | 29/58 | €4,205,744 | €4,459,128 | +€253,384 | +6.0% |
| Stocks and contracts in progress | 3 | €361,432 | €548,723 | +€187,291 | +51.8% |
| Stocks | 30/36 | €361,432 | €548,723 | +€187,291 | +51.8% |
| Amounts receivable within one year | 40/41 | €2,481,062 | €2,667,958 | +€186,895 | +7.5% |
| Trade receivables | 40 | €197,560 | €104,642 | -€92,918 | -47.0% |
| Other amounts receivable | 41 | €2,283,502 | €2,563,316 | +€279,814 | +12.3% |
| Current investments | 50/53 | €900,451 | €972,409 | +€71,958 | +8.0% |
| Cash at bank and in hand | 54/58 | €422,040 | €158,496 | -€263,543 | -62.4% |
| Deferred charges and accrued income | 490/1 | €40,759 | €111,541 | +€70,783 | +173.7% |
| Total equity and liabilities | 10/49 | €4,284,016 | €4,591,079 | +€307,063 | +7.2% |
| Equity | 10/15 | €2,548,914 | €3,332,693 | +€783,779 | +30.7% |
| Contributions | 10/11 | €274,285 | €274,285 | = | 0.0% |
| Capital | 10 | €274,285 | €274,285 | = | 0.0% |
| Issued capital | 100 | €274,285 | €274,285 | = | 0.0% |
| Reserves | 13 | €2,274,629 | €3,058,408 | +€783,779 | +34.5% |
| Non-distributable reserves | 130/1 | €40,432 | €40,432 | = | 0.0% |
| Legal reserve | 130 | €40,432 | €40,432 | = | 0.0% |
| Tax-exempt reserves | 132 | €181,030 | €181,030 | = | 0.0% |
| Distributable reserves | 133 | €2,053,166 | €2,836,946 | +€783,779 | +38.2% |
| Provisions and deferred taxes | 16 | €197,017 | €197,017 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €197,017 | €197,017 | = | 0.0% |
| Environmental obligations | 163 | - | €197,017 | +€197,017 | |
| Other liabilities and charges | 164/5 | €197,017 | - | -€197,017 | |
| Amounts payable | 17/49 | €1,538,086 | €1,061,369 | -€476,717 | -31.0% |
| Amounts payable within one year | 42/48 | €1,535,086 | €1,058,369 | -€476,717 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €6,710 | - | -€6,710 | |
| Financial debts | 43 | €135,500 | €92,839 | -€42,661 | -31.5% |
| Credit institutions | 430/8 | - | €339 | +€339 | |
| Other loans | 439 | €135,500 | €92,500 | -€43,000 | -31.7% |
| Trade debts | 44 | €1,306,122 | €898,002 | -€408,120 | -31.2% |
| Suppliers | 440/4 | €1,306,122 | €898,002 | -€408,120 | -31.2% |
| Taxes, remuneration and social security | 45 | €86,753 | €67,527 | -€19,226 | -22.2% |
| Taxes | 450/3 | €6,805 | €8,026 | +€1,221 | +17.9% |
| Remuneration and social security | 454/9 | €79,948 | €59,502 | -€20,446 | -25.6% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €294,160 | €410,060 | +€115,900 | +39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,542 | €38,058 | -€15,483 | -28.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €197,017 | - | -€197,017 | |
| Other operating charges | 640/8 | €5,048 | €1,801 | -€3,247 | -64.3% |
| Gross operating margin | 9900 | €1,155,276 | €1,486,366 | +€331,090 | +28.7% |
| Operating profit (loss) | 9901 | €605,509 | €1,036,447 | +€430,938 | +71.2% |
| Financial income | 75/76B | €35,368 | €80,132 | +€44,763 | +126.6% |
| Recurring financial income | 75 | €35,368 | €80,132 | +€44,763 | +126.6% |
| Financial charges | 65/66B | €112,248 | €65,926 | -€46,322 | -41.3% |
| Recurring financial charges | 65 | €112,248 | €65,926 | -€46,322 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €528,629 | €1,050,653 | +€522,024 | +98.8% |
| Income taxes | 67/77 | €133,791 | €266,873 | +€133,082 | +99.5% |
| Profit (loss) for the period | 9904 | €394,838 | €783,779 | +€388,941 | +98.5% |
| Transfer to tax-exempt reserves | 689 | €181,030 | - | -€181,030 | |
| Profit (loss) for the period to be appropriated | 9905 | €213,808 | €783,779 | +€569,971 | +266.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.