ROTHORN: 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.
ROTHORN
Largest movements
- Cash +€21,859
up €21,859 (+84.7%), from €25,806 to €47,665
mainly Net result for the year (+€36,307) and Depreciation (+€20,207)
- Tangible fixed assets -€20,207
down €20,207 (-14.6%), from €138,700 to €118,493
of which Plant, machinery and equipment: -€19,918
- Debts after one year -€15,264
down €15,264 (-13.5%), from €113,479 to €98,215
- Tax, wage and social debts +€13,607
up €13,607 (+348%), from €3,911 to €17,518
of which Taxes: +€13,607
- Reserves +€6,307
up €6,307 (+19.3%), from €32,693 to €39,000
- Trade debts -€4,085
down €4,085 (-91.7%), from €4,453 to €368
- Gross operating margin +€46,267
up €46,267 (+186%), from €24,878 to €71,144
- Taxes +€9,585
up €9,585 (+19,363%), from €50 to €9,634
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 | €171,501 | €172,365 | +€864 | +0.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €138,700 | €118,493 | -€20,207 | -14.6% |
| Tangible fixed assets | 22/27 | €138,700 | €118,493 | -€20,207 | -14.6% |
| Plant, machinery and equipment | 23 | €138,411 | €118,493 | -€19,918 | -14.4% |
| Furniture and vehicles | 24 | €289 | €0 | -€289 | -100% |
| Current assets | 29/58 | €32,801 | €53,872 | +€21,071 | +64.2% |
| Amounts receivable within one year | 40/41 | €6,995 | €6,208 | -€787 | -11.3% |
| Trade receivables | 40 | €6,902 | €6,208 | -€695 | -10.1% |
| Other amounts receivable | 41 | €93 | €0 | -€93 | -100% |
| Cash at bank and in hand | 54/58 | €25,806 | €47,665 | +€21,859 | +84.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €171,501 | €172,365 | +€864 | +0.5% |
| Equity | 10/15 | €34,693 | €41,000 | +€6,307 | +18.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €32,693 | €39,000 | +€6,307 | +19.3% |
| Distributable reserves | 133 | €32,693 | €39,000 | +€6,307 | +19.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €136,808 | €131,365 | -€5,443 | -4.0% |
| Amounts payable after more than one year | 17 | €113,479 | €98,215 | -€15,264 | -13.5% |
| Financial debts | 170/4 | €113,479 | €98,215 | -€15,264 | -13.5% |
| Amounts payable within one year | 42/48 | €23,329 | €33,150 | +€9,821 | +42.1% |
| Current portion of amounts payable after more than one year | 42 | €14,965 | €15,264 | +€299 | +2.0% |
| Trade debts | 44 | €4,453 | €368 | -€4,085 | -91.7% |
| Suppliers | 440/4 | €4,453 | €368 | -€4,085 | -91.7% |
| Taxes, remuneration and social security | 45 | €3,911 | €17,518 | +€13,607 | +348% |
| Taxes | 450/3 | €3,911 | €17,518 | +€13,607 | +348% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Non-recurring operating income | 76A | €4,991 | €0 | -€4,991 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,718 | €20,207 | -€510 | -2.5% |
| Other operating charges | 640/8 | €1,155 | €787 | -€368 | -31.8% |
| Gross operating margin | 9900 | €24,878 | €71,144 | +€46,267 | +186% |
| Operating profit (loss) | 9901 | €3,005 | €50,149 | +€47,145 | +1,569% |
| Financial income | 75/76B | €275 | €1 | -€274 | -99.7% |
| Recurring financial income | 75 | €275 | €1 | -€274 | -99.7% |
| Financial charges | 65/66B | €4,271 | €4,209 | -€63 | -1.5% |
| Recurring financial charges | 65 | €4,271 | €4,209 | -€63 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | -€992 | €45,941 | +€46,933 | |
| Income taxes | 67/77 | €50 | €9,634 | +€9,585 | +19,363% |
| Profit (loss) for the period | 9904 | -€1,041 | €36,307 | +€37,348 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,041 | €36,307 | +€37,348 |
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.