ROTARUM: 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.
ROTARUM
Largest movements
- Receivables within one year -€176,536
down €176,536 (-98.2%), from €179,693 to €3,158
of which Other amounts receivable: -€104,620
- Current investments +€100,000
new in 2025: €100,000
- Cash -€87,199
down €87,199 (-25.4%), from €343,043 to €255,843
mainly Contributions, distributions and other (-€134,881) and Current investments (-€100,000)
- Financial fixed assets +€50,000
new in 2025: €50,000
- Tangible fixed assets -€8,097
down €8,097 (-12.2%), from €66,538 to €58,442
- Reserves -€126,566
down €126,566 (-24.9%), from €508,811 to €382,245
of which Distributable reserves: -€126,566
- Other debts +€69,761
new in 2025: €69,761
- Provisions -€69,287
down €69,287 (-100.0%), from €69,287 to €0
- Provisions -€70,129
down €70,129, from €842 to -€69,287
- Financial income -€31,184
down €31,184 (-100.0%), from €31,197 to €12
- Financial charges +€27,375
up €27,375 (+47.8%), from €57,281 to €84,656
- Gross operating margin -€6,550
down €6,550 (-12.3%), from €53,211 to €46,661
- Staff costs +€3,266
new in 2025: €3,266
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 | €598,689 | €473,472 | -€125,217 | -20.9% |
| Fixed assets | 21/28 | €66,538 | €108,442 | +€41,904 | +63.0% |
| Tangible fixed assets | 22/27 | €66,538 | €58,442 | -€8,097 | -12.2% |
| Land and buildings | 22 | €48,074 | €44,422 | -€3,652 | -7.6% |
| Furniture and vehicles | 24 | €6,004 | €4,718 | -€1,286 | -21.4% |
| Leasing and similar rights | 25 | €12,460 | €9,302 | -€3,158 | -25.3% |
| Financial fixed assets | 28 | - | €50,000 | +€50,000 | |
| Current assets | 29/58 | €532,151 | €365,031 | -€167,121 | -31.4% |
| Amounts receivable within one year | 40/41 | €179,693 | €3,158 | -€176,536 | -98.2% |
| Trade receivables | 40 | €72,076 | €161 | -€71,915 | -99.8% |
| Other amounts receivable | 41 | €107,617 | €2,997 | -€104,620 | -97.2% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €343,043 | €255,843 | -€87,199 | -25.4% |
| Deferred charges and accrued income | 490/1 | €9,415 | €6,029 | -€3,386 | -36.0% |
| Total equity and liabilities | 10/49 | €598,689 | €473,472 | -€125,217 | -20.9% |
| Equity | 10/15 | €527,361 | €400,795 | -€126,566 | -24.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €508,811 | €382,245 | -€126,566 | -24.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €506,956 | €380,390 | -€126,566 | -25.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €69,287 | €0 | -€69,287 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €69,287 | €0 | -€69,287 | -100.0% |
| Other liabilities and charges | 164/5 | €69,287 | €0 | -€69,287 | -100.0% |
| Amounts payable | 17/49 | €2,042 | €72,678 | +€70,636 | +3459.9% |
| Amounts payable within one year | 42/48 | €2,042 | €72,678 | +€70,636 | +3459.9% |
| Trade debts | 44 | - | €2,085 | +€2,085 | |
| Suppliers | 440/4 | - | €2,085 | +€2,085 | |
| Taxes, remuneration and social security | 45 | €2,042 | €831 | -€1,210 | -59.3% |
| Taxes | 450/3 | €2,042 | €831 | -€1,210 | -59.3% |
| Other amounts payable | 47/48 | - | €69,761 | +€69,761 | |
| Non-recurring operating income | 76A | - | €599 | +€599 | |
| Remuneration, social security and pensions | 62 | - | €3,266 | +€3,266 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,740 | €11,233 | +€1,492 | +15.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €842 | -€69,287 | -€70,129 | |
| Other operating charges | 640/8 | €989 | €1,370 | +€382 | +38.6% |
| Gross operating margin | 9900 | €53,211 | €46,661 | -€6,550 | -12.3% |
| Operating profit (loss) | 9901 | €41,640 | €100,079 | +€58,439 | +140.3% |
| Financial income | 75/76B | €31,197 | €12 | -€31,184 | -100.0% |
| Recurring financial income | 75 | €31,197 | €12 | -€31,184 | -100.0% |
| Financial charges | 65/66B | €57,281 | €84,656 | +€27,375 | +47.8% |
| Recurring financial charges | 65 | €57,281 | €84,656 | +€27,375 | +47.8% |
| Profit (loss) for the period before taxes | 9903 | €15,555 | €15,435 | -€121 | -0.8% |
| Income taxes | 67/77 | €8,541 | €7,120 | -€1,420 | -16.6% |
| Profit (loss) for the period | 9904 | €7,015 | €8,314 | +€1,300 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,015 | €8,314 | +€1,300 | +18.5% |
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 5 October 2026 via checked.be.