ROSSINANT: 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.
ROSSINANT
Largest movements
- Tangible fixed assets -€14,851
down €14,851 (-47.4%), from €31,308 to €16,457
of which Leasing and similar rights: -€13,110
- Receivables within one year +€7,665
up €7,665 (+12.6%), from €60,633 to €68,298
of which Other amounts receivable: +€7,171
- Cash +€5,539
up €5,539 (+11.8%), from €46,752 to €52,291
mainly Accrued charges and deferred income (+€60,376) and Net result for the year (+€34,563)
- Accrued charges and deferred income +€60,376
new in 2025: €60,376
- Trade debts -€57,821
down €57,821 (-74.6%), from €77,537 to €19,716
- Profit (loss) carried forward +€34,563
up €34,563 (+99.4%), from -€34,761 to -€198
- Other debts -€20,882
down €20,882 (-90.2%), from €23,151 to €2,268
- Current portion of long-term debt -€10,533
down €10,533 (-77.8%), from €13,535 to €3,002
- Gross operating margin +€75,064
up €75,064 (+106%), from €70,945 to €146,009
- Staff costs +€25,765
up €25,765 (+50.3%), from €51,187 to €76,952
- Taxes +€12,414
up €12,414 (+4,965%), from €250 to €12,664
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 | €143,501 | €142,459 | -€1,042 | -0.7% |
| Fixed assets | 21/28 | €31,708 | €17,007 | -€14,701 | -46.4% |
| Tangible fixed assets | 22/27 | €31,308 | €16,457 | -€14,851 | -47.4% |
| Land and buildings | 22 | €8,475 | €7,184 | -€1,291 | -15.2% |
| Furniture and vehicles | 24 | €6,542 | €6,092 | -€450 | -6.9% |
| Leasing and similar rights | 25 | €13,695 | €584 | -€13,110 | -95.7% |
| Other tangible fixed assets | 26 | €2,596 | €2,596 | = | 0.0% |
| Financial fixed assets | 28 | €400 | €550 | +€150 | +37.5% |
| Current assets | 29/58 | €111,793 | €125,452 | +€13,658 | +12.2% |
| Amounts receivable within one year | 40/41 | €60,633 | €68,298 | +€7,665 | +12.6% |
| Trade receivables | 40 | €55,500 | €55,994 | +€494 | +0.9% |
| Other amounts receivable | 41 | €5,133 | €12,304 | +€7,171 | +140% |
| Cash at bank and in hand | 54/58 | €46,752 | €52,291 | +€5,539 | +11.8% |
| Deferred charges and accrued income | 490/1 | €4,408 | €4,862 | +€455 | +10.3% |
| Total equity and liabilities | 10/49 | €143,501 | €142,459 | -€1,042 | -0.7% |
| Equity | 10/15 | €2,966 | €37,529 | +€34,563 | +1,165% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €25,327 | €25,327 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €23,467 | €23,467 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,761 | -€198 | +€34,563 | +99.4% |
| Amounts payable | 17/49 | €140,535 | €104,930 | -€35,605 | -25.3% |
| Amounts payable after more than one year | 17 | €3,002 | €0 | -€3,002 | -100% |
| Financial debts | 170/4 | €3,002 | €0 | -€3,002 | -100% |
| Amounts payable within one year | 42/48 | €137,533 | €44,553 | -€92,979 | -67.6% |
| Current portion of amounts payable after more than one year | 42 | €13,535 | €3,002 | -€10,533 | -77.8% |
| Trade debts | 44 | €77,537 | €19,716 | -€57,821 | -74.6% |
| Suppliers | 440/4 | €77,537 | €19,716 | -€57,821 | -74.6% |
| Taxes, remuneration and social security | 45 | €23,309 | €19,566 | -€3,743 | -16.1% |
| Taxes | 450/3 | €21,615 | €2,312 | -€19,304 | -89.3% |
| Remuneration and social security | 454/9 | €1,694 | €17,255 | +€15,561 | +919% |
| Other amounts payable | 47/48 | €23,151 | €2,268 | -€20,882 | -90.2% |
| Accrued charges and deferred income | 492/3 | - | €60,376 | +€60,376 | |
| Remuneration, social security and pensions | 62 | €51,187 | €76,952 | +€25,765 | +50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,687 | €17,909 | +€222 | +1.3% |
| Other operating charges | 640/8 | €2,429 | €2,126 | -€302 | -12.4% |
| Non-recurring operating charges | 66A | €3,025 | €0 | -€3,025 | -100% |
| Gross operating margin | 9900 | €70,945 | €146,009 | +€75,064 | +106% |
| Operating profit (loss) | 9901 | -€3,383 | €49,021 | +€52,404 | |
| Financial income | 75/76B | €128 | €0 | -€128 | -99.9% |
| Recurring financial income | 75 | €128 | €0 | -€128 | -99.9% |
| Financial charges | 65/66B | €2,093 | €1,795 | -€299 | -14.3% |
| Recurring financial charges | 65 | €2,093 | €1,795 | -€299 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,349 | €47,227 | +€52,575 | |
| Income taxes | 67/77 | €250 | €12,664 | +€12,414 | +4,965% |
| Profit (loss) for the period | 9904 | -€5,599 | €34,563 | +€40,161 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,599 | €34,563 | +€40,161 |
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 20 October 2026 via checked.be.