ROSHOEVE: 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.
ROSHOEVE
Largest movements
- Stocks and contracts -€417,155
down €417,155 (-44.1%), from €945,967 to €528,812
- Cash +€396,168
up €396,168 (+716.6%), from €55,285 to €451,454
mainly Stocks and contracts (+€417,155) and Receivables within one year (+€104,529)
- Receivables within one year -€104,529
down €104,529 (-29.4%), from €355,633 to €251,104
of which Trade receivables: -€103,628
- Tangible fixed assets -€51,589
down €51,589 (-27.7%), from €186,046 to €134,457
of which Leasing and similar rights: -€45,980
- Trade debts -€81,101
down €81,101 (-76.8%), from €105,588 to €24,487
- Debts after one year -€28,913
down €28,913 (-2.1%), from €1.4m to €1.3m
- Current portion of long-term debt -€28,830
no longer reported in 2025 (was €28,830)
- Profit (loss) carried forward -€24,955
down €24,955 (-2.9%), from -€874,642 to -€899,597
- Gross operating margin +€141,210
up €141,210, from -€103,329 to €37,880
- Staff costs -€99,854
down €99,854 (-75.3%), from €132,612 to €32,757
- Depreciation -€55,093
down €55,093 (-92.1%), from €59,797 to €4,705
- Financial charges +€7,890
up €7,890 (+57.6%), from €13,693 to €21,583
- Other operating charges -€1,369
down €1,369 (-26.5%), from €5,158 to €3,790
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 | €1,547,963 | €1,371,934 | -€176,029 | -11.4% |
| Fixed assets | 21/28 | €186,296 | €134,707 | -€51,589 | -27.7% |
| Tangible fixed assets | 22/27 | €186,046 | €134,457 | -€51,589 | -27.7% |
| Land and buildings | 22 | €138,630 | €134,437 | -€4,193 | -3.0% |
| Plant, machinery and equipment | 23 | €395 | €20 | -€374 | -94.9% |
| Furniture and vehicles | 24 | €1,042 | - | -€1,042 | |
| Leasing and similar rights | 25 | €45,980 | - | -€45,980 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €1,361,667 | €1,237,227 | -€124,440 | -9.1% |
| Stocks and contracts in progress | 3 | €945,967 | €528,812 | -€417,155 | -44.1% |
| Stocks | 30/36 | €945,967 | €528,812 | -€417,155 | -44.1% |
| Amounts receivable within one year | 40/41 | €355,633 | €251,104 | -€104,529 | -29.4% |
| Trade receivables | 40 | €348,082 | €244,455 | -€103,628 | -29.8% |
| Other amounts receivable | 41 | €7,551 | €6,650 | -€901 | -11.9% |
| Cash at bank and in hand | 54/58 | €55,285 | €451,454 | +€396,168 | +716.6% |
| Deferred charges and accrued income | 490/1 | €4,782 | €5,857 | +€1,075 | +22.5% |
| Total equity and liabilities | 10/49 | €1,547,963 | €1,371,934 | -€176,029 | -11.4% |
| Equity | 10/15 | -€166,190 | -€191,145 | -€24,955 | -15.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €646,452 | €646,452 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €640,252 | €640,252 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€874,642 | -€899,597 | -€24,955 | -2.9% |
| Amounts payable | 17/49 | €1,714,154 | €1,563,079 | -€151,074 | -8.8% |
| Amounts payable after more than one year | 17 | €1,369,505 | €1,340,592 | -€28,913 | -2.1% |
| Financial debts | 170/4 | €1,369,505 | €1,340,592 | -€28,913 | -2.1% |
| Amounts payable within one year | 42/48 | €344,649 | €222,487 | -€122,162 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €28,830 | - | -€28,830 | |
| Financial debts | 43 | €198,000 | €198,000 | = | 0.0% |
| Credit institutions | 430/8 | €198,000 | €198,000 | = | 0.0% |
| Trade debts | 44 | €105,588 | €24,487 | -€81,101 | -76.8% |
| Suppliers | 440/4 | €105,588 | €24,487 | -€81,101 | -76.8% |
| Taxes, remuneration and social security | 45 | €12,231 | - | -€12,231 | |
| Remuneration and social security | 454/9 | €12,231 | - | -€12,231 | |
| Non-recurring operating income | 76A | €32,000 | €155,316 | +€123,316 | +385.4% |
| Remuneration, social security and pensions | 62 | €132,612 | €32,757 | -€99,854 | -75.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,797 | €4,705 | -€55,093 | -92.1% |
| Other operating charges | 640/8 | €5,158 | €3,790 | -€1,369 | -26.5% |
| Gross operating margin | 9900 | -€103,329 | €37,880 | +€141,210 | |
| Operating profit (loss) | 9901 | -€300,897 | -€3,372 | +€297,525 | +98.9% |
| Financial charges | 65/66B | €13,693 | €21,583 | +€7,890 | +57.6% |
| Recurring financial charges | 65 | €13,693 | €21,583 | +€7,890 | +57.6% |
| Profit (loss) for the period before taxes | 9903 | -€314,590 | -€24,955 | +€289,635 | +92.1% |
| Profit (loss) for the period | 9904 | -€314,590 | -€24,955 | +€289,635 | +92.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€314,590 | -€24,955 | +€289,635 | +92.1% |
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 10 October 2026 via checked.be.