ROSSEEL: 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.
ROSSEEL
Largest movements
- Current investments -€45,458
down €45,458 (-100.0%), from €45,458 to €0
- Tangible fixed assets -€28,388
down €28,388 (-6.1%), from €465,709 to €437,320
of which Furniture and vehicles: -€21,917
- Cash -€18,938
down €18,938 (-70.2%), from €26,993 to €8,055
mainly Debts after one year (-€51,672) and Contributions, distributions and other (-€38,732)
- Stocks and contracts -€13,918
down €13,918 (-99.2%), from €14,027 to €109
- Debts after one year -€51,672
down €51,672 (-17.6%), from €294,281 to €242,609
of which Financial debts: -€51,672
- Trade debts -€37,939
down €37,939 (-49.3%), from €77,004 to €39,065
- Other debts +€31,373
up €31,373 (+135.1%), from €23,224 to €54,597
- Reserves -€20,280
down €20,280 (-29.9%), from €67,764 to €47,485
of which Distributable reserves: -€20,280
- Short-term financial debts -€19,952
down €19,952 (-100.0%), from €19,952 to €0
- Financial income +€28,540
up €28,540 (+1312.9%), from €2,174 to €30,714
- Gross operating margin -€16,272
down €16,272 (-13.9%), from €117,060 to €100,788
- Financial charges +€16,247
up €16,247 (+225.8%), from €7,196 to €23,443
- Depreciation -€12,291
down €12,291 (-42.7%), from €28,763 to €16,472
- Taxes +€3,265
up €3,265 (+244.0%), from €1,338 to €4,604
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 | €571,687 | €464,489 | -€107,198 | -18.8% |
| Fixed assets | 21/28 | €466,879 | €437,320 | -€29,559 | -6.3% |
| Tangible fixed assets | 22/27 | €465,709 | €437,320 | -€28,388 | -6.1% |
| Land and buildings | 22 | €419,036 | €408,622 | -€10,414 | -2.5% |
| Plant, machinery and equipment | 23 | €24,756 | €28,699 | +€3,942 | +15.9% |
| Furniture and vehicles | 24 | €21,917 | €0 | -€21,917 | -100.0% |
| Financial fixed assets | 28 | €1,170 | €0 | -€1,170 | -100.0% |
| Current assets | 29/58 | €104,808 | €27,169 | -€77,639 | -74.1% |
| Stocks and contracts in progress | 3 | €14,027 | €109 | -€13,918 | -99.2% |
| Stocks | 30/36 | €14,027 | €109 | -€13,918 | -99.2% |
| Amounts receivable within one year | 40/41 | €15,571 | €19,005 | +€3,434 | +22.1% |
| Trade receivables | 40 | €12,800 | €18,044 | +€5,245 | +41.0% |
| Other amounts receivable | 41 | €2,771 | €960 | -€1,811 | -65.4% |
| Current investments | 50/53 | €45,458 | €0 | -€45,458 | -100.0% |
| Cash at bank and in hand | 54/58 | €26,993 | €8,055 | -€18,938 | -70.2% |
| Deferred charges and accrued income | 490/1 | €2,759 | €0 | -€2,759 | -100.0% |
| Total equity and liabilities | 10/49 | €571,687 | €464,489 | -€107,198 | -18.8% |
| Equity | 10/15 | €92,554 | €72,274 | -€20,280 | -21.9% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €67,764 | €47,485 | -€20,280 | -29.9% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €65,285 | €45,006 | -€20,280 | -31.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Amounts payable | 17/49 | €479,133 | €392,215 | -€86,918 | -18.1% |
| Amounts payable after more than one year | 17 | €294,281 | €242,609 | -€51,672 | -17.6% |
| Financial debts | 170/4 | €281,859 | €230,187 | -€51,672 | -18.3% |
| Other amounts payable | 178/9 | €12,422 | €12,422 | = | 0.0% |
| Amounts payable within one year | 42/48 | €184,852 | €141,325 | -€43,527 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €39,952 | €27,724 | -€12,229 | -30.6% |
| Financial debts | 43 | €19,952 | €0 | -€19,952 | -100.0% |
| Credit institutions | 430/8 | €19,952 | €0 | -€19,952 | -100.0% |
| Trade debts | 44 | €77,004 | €39,065 | -€37,939 | -49.3% |
| Suppliers | 440/4 | €77,004 | €39,065 | -€37,939 | -49.3% |
| Taxes, remuneration and social security | 45 | €24,720 | €19,939 | -€4,781 | -19.3% |
| Taxes | 450/3 | €9,515 | €6,515 | -€3,000 | -31.5% |
| Remuneration and social security | 454/9 | €15,205 | €13,424 | -€1,781 | -11.7% |
| Other amounts payable | 47/48 | €23,224 | €54,597 | +€31,373 | +135.1% |
| Accrued charges and deferred income | 492/3 | - | €8,281 | +€8,281 | |
| Non-recurring operating income | 76A | €0 | €52 | +€52 | |
| Remuneration, social security and pensions | 62 | €52,887 | €51,399 | -€1,488 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,763 | €16,472 | -€12,291 | -42.7% |
| Other operating charges | 640/8 | €12,488 | €12,229 | -€259 | -2.1% |
| Non-recurring operating charges | 66A | - | €4,903 | +€4,903 | |
| Gross operating margin | 9900 | €117,060 | €100,788 | -€16,272 | -13.9% |
| Operating profit (loss) | 9901 | €22,922 | €15,785 | -€7,136 | -31.1% |
| Financial income | 75/76B | €2,174 | €30,714 | +€28,540 | +1312.9% |
| Recurring financial income | 75 | €2,174 | €30,714 | +€28,540 | +1312.9% |
| Financial charges | 65/66B | €7,196 | €23,443 | +€16,247 | +225.8% |
| Recurring financial charges | 65 | €7,196 | €23,443 | +€16,247 | +225.8% |
| Profit (loss) for the period before taxes | 9903 | €17,899 | €23,056 | +€5,157 | +28.8% |
| Income taxes | 67/77 | €1,338 | €4,604 | +€3,265 | +244.0% |
| Profit (loss) for the period | 9904 | €16,561 | €18,452 | +€1,891 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,561 | €18,452 | +€1,891 | +11.4% |
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 1 October 2026 via checked.be.