Rossel-Hurbain: what changed
What changed
Rossel-Hurbain
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€159,280
2024 · €36,589+€122,691
Equity
€9.1m
2024 · €8.9m+€159,280
Cash
€55,963
2024 · €344,968-€289,004
Balance sheet total
€9.9m
2024 · €9.6m+€248,092
Largest movements
Assets
- Tangible fixed assets +€1.7m
up €1.7m (+33.1%), from €5.1m to €6.7m
of which Other tangible fixed assets: +€1.7m
- Current investments -€1.2m
down €1.2m (-28.3%), from €4.2m to €3.0m
- Cash -€289,004
down €289,004 (-83.8%), from €344,968 to €55,963
mainly Investment in fixed assets (net) (-€1.9m) and Receivables within one year (-€53,487)
Equity and liabilities
- Profit (loss) carried forward +€159,280
up €159,280 (+2.3%), from €7.0m to €7.2m
Income statement
- Financial income +€302,748
up €302,748 (+575%), from €52,636 to €355,384
- Depreciation +€181,533
up €181,533 (+232%), from €78,303 to €259,836
- Gross operating margin +€36,141
up €36,141 (+32.2%), from €112,378 to €148,519
- Taxes +€25,290
up €25,290 (+479%), from €5,280 to €30,570
- Other operating charges +€11,968
up €11,968 (+171%), from €6,994 to €18,961
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€36,589
Gross operating margin
+€36,141
Depreciation
-€181,533
Other operating charges
-€11,968
Financial income
+€302,748
Financial charges
+€2,593
Taxes
-€25,290
Result 2025
€159,280
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€474,730
Investment
-€743,446
Financing
-€20,288
Cash 2024
€344,968
From operations (derived)
+€474,730
Net result for the year
+€159,280
Depreciation
+€259,836
Receivables within one year
-€53,487
Trade debts
+€95,940
Tax, wage and social debts
-€1,890
Other debts
+€15,050
Investment (derived)
-€743,446
Investment in fixed assets (net)
-€1.9m
Current investments
+€1.2m
Financing
-€20,288
Debts after one year
-€21,043
Current portion of long-term debt
+€755
Cash 2025
€55,963
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,630,215 | €9,878,307 | +€248,092 | +2.6% |
| Fixed assets | 21/28 | €5,052,724 | €6,723,025 | +€1.7m | +33.1% |
| Tangible fixed assets | 22/27 | €5,052,724 | €6,723,025 | +€1.7m | +33.1% |
| Furniture and vehicles | 24 | €24,257 | €17,141 | -€7,115 | -29.3% |
| Other tangible fixed assets | 26 | €5,028,467 | €6,705,884 | +€1.7m | +33.4% |
| Current assets | 29/58 | €4,577,492 | €3,155,282 | -€1.4m | -31.1% |
| Amounts receivable within one year | 40/41 | €33,724 | €87,211 | +€53,487 | +159% |
| Trade receivables | 40 | - | €60,500 | +€60,500 | |
| Other amounts receivable | 41 | €33,724 | €26,711 | -€7,013 | -20.8% |
| Current investments | 50/53 | €4,198,800 | €3,012,108 | -€1.2m | -28.3% |
| Cash at bank and in hand | 54/58 | €344,968 | €55,963 | -€289,004 | -83.8% |
| Total equity and liabilities | 10/49 | €9,630,215 | €9,878,307 | +€248,092 | +2.6% |
| Equity | 10/15 | €8,891,801 | €9,051,081 | +€159,280 | +1.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,834,694 | €1,834,694 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €1,828,544 | €1,828,544 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,995,607 | €7,154,887 | +€159,280 | +2.3% |
| Amounts payable | 17/49 | €738,414 | €827,226 | +€88,812 | +12.0% |
| Amounts payable after more than one year | 17 | €693,362 | €672,319 | -€21,043 | -3.0% |
| Financial debts | 170/4 | €693,362 | €672,319 | -€21,043 | -3.0% |
| Amounts payable within one year | 42/48 | €45,052 | €154,908 | +€109,856 | +244% |
| Current portion of amounts payable after more than one year | 42 | €20,288 | €21,043 | +€755 | +3.7% |
| Trade debts | 44 | €2,651 | €98,591 | +€95,940 | +3,619% |
| Suppliers | 440/4 | €2,651 | €98,591 | +€95,940 | +3,619% |
| Taxes, remuneration and social security | 45 | €22,113 | €20,223 | -€1,890 | -8.5% |
| Taxes | 450/3 | €22,113 | €20,223 | -€1,890 | -8.5% |
| Other amounts payable | 47/48 | - | €15,050 | +€15,050 | |
| Non-recurring operating income | 76A | - | €162,295 | +€162,295 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,303 | €259,836 | +€181,533 | +232% |
| Other operating charges | 640/8 | €6,994 | €18,961 | +€11,968 | +171% |
| Gross operating margin | 9900 | €112,378 | €148,519 | +€36,141 | +32.2% |
| Operating profit (loss) | 9901 | €27,081 | -€130,279 | -€157,360 | |
| Financial income | 75/76B | €52,636 | €355,384 | +€302,748 | +575% |
| Recurring financial income | 75 | €52,636 | €355,384 | +€302,748 | +575% |
| Financial charges | 65/66B | €37,848 | €35,255 | -€2,593 | -6.9% |
| Recurring financial charges | 65 | €37,848 | €35,255 | -€2,593 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €41,868 | €189,850 | +€147,982 | +353% |
| Income taxes | 67/77 | €5,280 | €30,570 | +€25,290 | +479% |
| Profit (loss) for the period | 9904 | €36,589 | €159,280 | +€122,691 | +335% |
| Profit (loss) for the period to be appropriated | 9905 | €36,589 | €159,280 | +€122,691 | +335% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.