Rothko: 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.
Rothko
Largest movements
- Cash +€33,741
up €33,741 (+68.2%), from €49,496 to €83,238
mainly Depreciation (+€18,478) and Net result for the year (+€18,392)
- Tangible fixed assets -€28,678
down €28,678 (-36.2%), from €79,132 to €50,454
of which Furniture and vehicles: -€28,339
- Current investments +€4,202
up €4,202 (+5.5%), from €76,258 to €80,460
- Deferred charges and accrued income -€3,301
down €3,301 (-62.4%), from €5,288 to €1,987
- Receivables within one year +€2,912
up €2,912 (+41.0%), from €7,098 to €10,010
of which Other amounts receivable: +€2,912
- Reserves +€18,392
up €18,392 (+12.5%), from €146,975 to €165,367
- Debts after one year -€15,720
down €15,720 (-34.2%), from €45,958 to €30,238
- Short-term financial debts +€4,071
up €4,071 (+597.0%), from €682 to €4,753
of which Credit institutions: +€3,753
- Financial income +€51,066
up €51,066 (+2923.1%), from €1,747 to €52,813
- Gross operating margin -€31,242
down €31,242, from €22,223 to -€9,019
- Depreciation +€13,112
up €13,112 (+244.3%), from €5,366 to €18,478
- Taxes -€4,821
down €4,821 (-92.9%), from €5,187 to €366
- Financial charges +€4,689
up €4,689 (+390.3%), from €1,201 to €5,890
of which Financial charges: +€3,011
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 | €217,273 | €226,150 | +€8,877 | +4.1% |
| Fixed assets | 21/28 | €79,132 | €50,454 | -€28,678 | -36.2% |
| Tangible fixed assets | 22/27 | €79,132 | €50,454 | -€28,678 | -36.2% |
| Plant, machinery and equipment | 23 | €919 | €581 | -€339 | -36.8% |
| Furniture and vehicles | 24 | €78,213 | €49,873 | -€28,339 | -36.2% |
| Current assets | 29/58 | €138,141 | €175,696 | +€37,555 | +27.2% |
| Amounts receivable within one year | 40/41 | €7,098 | €10,010 | +€2,912 | +41.0% |
| Trade receivables | 40 | €160 | €160 | = | 0.0% |
| Other amounts receivable | 41 | €6,938 | €9,850 | +€2,912 | +42.0% |
| Current investments | 50/53 | €76,258 | €80,460 | +€4,202 | +5.5% |
| Cash at bank and in hand | 54/58 | €49,496 | €83,238 | +€33,741 | +68.2% |
| Deferred charges and accrued income | 490/1 | €5,288 | €1,987 | -€3,301 | -62.4% |
| Total equity and liabilities | 10/49 | €217,273 | €226,150 | +€8,877 | +4.1% |
| Equity | 10/15 | €149,975 | €168,367 | +€18,392 | +12.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €146,975 | €165,367 | +€18,392 | +12.5% |
| Distributable reserves | 133 | €146,975 | €165,367 | +€18,392 | +12.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €67,298 | €57,782 | -€9,516 | -14.1% |
| Amounts payable after more than one year | 17 | €45,958 | €30,238 | -€15,720 | -34.2% |
| Financial debts | 170/4 | €45,958 | €30,238 | -€15,720 | -34.2% |
| Amounts payable within one year | 42/48 | €21,340 | €27,545 | +€6,204 | +29.1% |
| Current portion of amounts payable after more than one year | 42 | €15,197 | €15,720 | +€523 | +3.4% |
| Financial debts | 43 | €682 | €4,753 | +€4,071 | +597.0% |
| Credit institutions | 430/8 | €22 | €3,775 | +€3,753 | +16776.4% |
| Other loans | 439 | €660 | €977 | +€318 | +48.2% |
| Trade debts | 44 | €896 | €601 | -€296 | -33.0% |
| Suppliers | 440/4 | €896 | €601 | -€296 | -33.0% |
| Taxes, remuneration and social security | 45 | €4,565 | €6,472 | +€1,906 | +41.8% |
| Taxes | 450/3 | €4,565 | €6,472 | +€1,906 | +41.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €950 | +€950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,366 | €18,478 | +€13,112 | +244.3% |
| Other operating charges | 640/8 | €524 | €667 | +€143 | +27.2% |
| Gross operating margin | 9900 | €22,223 | -€9,019 | -€31,242 | |
| Operating profit (loss) | 9901 | €16,333 | -€28,164 | -€44,496 | |
| Financial income | 75/76B | €1,747 | €52,813 | +€51,066 | +2923.1% |
| Recurring financial income | 75 | €1,747 | €52,813 | +€51,066 | +2923.1% |
| Financial charges | 65/66B | €1,201 | €5,890 | +€4,689 | +390.3% |
| Recurring financial charges | 65 | €1,201 | €4,212 | +€3,011 | +250.6% |
| Non-recurring financial charges | 66B | - | €1,678 | +€1,678 | |
| Profit (loss) for the period before taxes | 9903 | €16,878 | €18,759 | +€1,881 | +11.1% |
| Income taxes | 67/77 | €5,187 | €366 | -€4,821 | -92.9% |
| Profit (loss) for the period | 9904 | €11,691 | €18,392 | +€6,702 | +57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,691 | €18,392 | +€6,702 | +57.3% |
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.