ROTHFELD MANAGEMENT: 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.
ROTHFELD MANAGEMENT
Largest movements
- Tangible fixed assets -€12,958
down €12,958 (-4.1%), from €313,201 to €300,243
of which Land and buildings: -€8,554
- Cash -€11,227
down €11,227 (-17.1%), from €65,572 to €54,345
mainly Contributions, distributions and other (-€59,000) and Tax, wage and social debts (-€4,704)
- Reserves -€19,283
down €19,283 (-6.6%), from €290,379 to €271,095
- Tax, wage and social debts -€4,704
down €4,704 (-23.9%), from €19,639 to €14,936
of which Taxes: -€4,704
- Gross operating margin -€16,223
down €16,223 (-18.6%), from €87,091 to €70,868
- Taxes -€3,928
down €3,928 (-20.2%), from €19,415 to €15,487
- Financial charges -€2,488
down €2,488 (-86.8%), from €2,866 to €378
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 | €379,377 | €355,343 | -€24,034 | -6.3% |
| Fixed assets | 21/28 | €313,201 | €300,243 | -€12,958 | -4.1% |
| Tangible fixed assets | 22/27 | €313,201 | €300,243 | -€12,958 | -4.1% |
| Land and buildings | 22 | €292,868 | €284,314 | -€8,554 | -2.9% |
| Plant, machinery and equipment | 23 | €15,151 | €13,180 | -€1,971 | -13.0% |
| Furniture and vehicles | 24 | €5,181 | €2,748 | -€2,433 | -47.0% |
| Current assets | 29/58 | €66,176 | €55,100 | -€11,077 | -16.7% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €65,572 | €54,345 | -€11,227 | -17.1% |
| Deferred charges and accrued income | 490/1 | €604 | €754 | +€150 | +24.8% |
| Total equity and liabilities | 10/49 | €379,377 | €355,343 | -€24,034 | -6.3% |
| Equity | 10/15 | €298,439 | €279,155 | -€19,283 | -6.5% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €290,379 | €271,095 | -€19,283 | -6.6% |
| Distributable reserves | 133 | €290,379 | €271,095 | -€19,283 | -6.6% |
| Amounts payable | 17/49 | €80,938 | €76,187 | -€4,751 | -5.9% |
| Amounts payable within one year | 42/48 | €80,938 | €76,187 | -€4,751 | -5.9% |
| Trade debts | 44 | €2,232 | €300 | -€1,932 | -86.6% |
| Suppliers | 440/4 | €2,232 | €300 | -€1,932 | -86.6% |
| Taxes, remuneration and social security | 45 | €19,639 | €14,936 | -€4,704 | -23.9% |
| Taxes | 450/3 | €19,639 | €14,936 | -€4,704 | -23.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €59,067 | €60,952 | +€1,885 | +3.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,742 | €12,958 | +€215 | +1.7% |
| Other operating charges | 640/8 | €2,968 | €2,428 | -€541 | -18.2% |
| Gross operating margin | 9900 | €87,091 | €70,868 | -€16,223 | -18.6% |
| Operating profit (loss) | 9901 | €71,380 | €55,483 | -€15,897 | -22.3% |
| Financial income | 75/76B | €33 | €99 | +€66 | +198% |
| Recurring financial income | 75 | €33 | €99 | +€66 | +198% |
| Financial charges | 65/66B | €2,866 | €378 | -€2,488 | -86.8% |
| Recurring financial charges | 65 | €2,866 | €378 | -€2,488 | -86.8% |
| Profit (loss) for the period before taxes | 9903 | €68,547 | €55,203 | -€13,343 | -19.5% |
| Income taxes | 67/77 | €19,415 | €15,487 | -€3,928 | -20.2% |
| Profit (loss) for the period | 9904 | €49,132 | €39,717 | -€9,415 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,132 | €39,717 | -€9,415 | -19.2% |
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 24 October 2026 via checked.be.