Rotkop: 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.
Rotkop
Largest movements
- Tangible fixed assets -€16,544
down €16,544 (-6.7%), from €246,918 to €230,374
of which Land and buildings: -€13,765
- Cash +€10,463
up €10,463 (+10.5%), from €99,298 to €109,761
mainly Net result for the year (+€47,639) and Other debts (+€21,393)
- Receivables within one year +€9,504
up €9,504 (+43.9%), from €21,664 to €31,168
of which Trade receivables: +€9,303
- Other debts +€21,393
up €21,393 (+20.4%), from €105,077 to €126,470
- Reserves -€19,465
down €19,465 (-29.0%), from €67,104 to €47,639
- Debts after one year -€18,626
down €18,626 (-11.6%), from €160,923 to €142,297
of which Financial debts: -€18,626
- Tax, wage and social debts +€18,017
up €18,017 (+84.7%), from €21,270 to €39,287
- Gross operating margin -€27,273
down €27,273 (-23.4%), from €116,571 to €89,298
- Taxes -€8,071
down €8,071 (-30.1%), from €26,796 to €18,725
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 | €375,926 | €379,174 | +€3,248 | +0.9% |
| Fixed assets | 21/28 | €246,918 | €230,374 | -€16,544 | -6.7% |
| Tangible fixed assets | 22/27 | €246,918 | €230,374 | -€16,544 | -6.7% |
| Land and buildings | 22 | €237,350 | €223,585 | -€13,765 | -5.8% |
| Plant, machinery and equipment | 23 | €72 | €14 | -€58 | -80.0% |
| Furniture and vehicles | 24 | €9,038 | €6,728 | -€2,310 | -25.6% |
| Other tangible fixed assets | 26 | €458 | €46 | -€412 | -89.9% |
| Current assets | 29/58 | €129,007 | €148,800 | +€19,792 | +15.3% |
| Amounts receivable after more than one year | 29 | €20 | €20 | = | 0.0% |
| Other amounts receivable | 291 | €20 | €20 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,664 | €31,168 | +€9,504 | +43.9% |
| Trade receivables | 40 | €21,664 | €30,967 | +€9,303 | +42.9% |
| Other amounts receivable | 41 | €0 | €201 | +€201 | |
| Current investments | 50/53 | €7,150 | €7,150 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €99,298 | €109,761 | +€10,463 | +10.5% |
| Deferred charges and accrued income | 490/1 | €876 | €701 | -€175 | -20.0% |
| Total equity and liabilities | 10/49 | €375,926 | €379,174 | +€3,248 | +0.9% |
| Equity | 10/15 | €68,104 | €48,639 | -€19,465 | -28.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €67,104 | €47,639 | -€19,465 | -29.0% |
| Distributable reserves | 133 | €67,104 | €47,639 | -€19,465 | -29.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €307,821 | €330,535 | +€22,713 | +7.4% |
| Amounts payable after more than one year | 17 | €160,923 | €142,297 | -€18,626 | -11.6% |
| Financial debts | 170/4 | €160,023 | €141,397 | -€18,626 | -11.6% |
| Other amounts payable | 178/9 | €900 | €900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €146,898 | €188,238 | +€41,340 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | €18,325 | €18,626 | +€301 | +1.6% |
| Financial debts | 43 | €36 | €24 | -€12 | -33.4% |
| Credit institutions | 430/8 | €36 | €24 | -€12 | -33.4% |
| Trade debts | 44 | €2,190 | €3,831 | +€1,641 | +74.9% |
| Suppliers | 440/4 | €2,190 | €3,831 | +€1,641 | +74.9% |
| Taxes, remuneration and social security | 45 | €21,270 | €39,287 | +€18,017 | +84.7% |
| Taxes | 450/3 | €21,270 | €39,287 | +€18,017 | +84.7% |
| Other amounts payable | 47/48 | €105,077 | €126,470 | +€21,393 | +20.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,600 | €16,544 | -€56 | -0.3% |
| Other operating charges | 640/8 | €2,599 | €3,698 | +€1,099 | +42.3% |
| Gross operating margin | 9900 | €116,571 | €89,298 | -€27,273 | -23.4% |
| Operating profit (loss) | 9901 | €97,372 | €69,055 | -€28,317 | -29.1% |
| Financial income | 75/76B | €52 | €554 | +€502 | +960% |
| Recurring financial income | 75 | €52 | €554 | +€502 | +960% |
| Financial charges | 65/66B | €3,524 | €3,245 | -€279 | -7.9% |
| Recurring financial charges | 65 | €3,524 | €3,245 | -€279 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €93,901 | €66,365 | -€27,536 | -29.3% |
| Income taxes | 67/77 | €26,796 | €18,725 | -€8,071 | -30.1% |
| Profit (loss) for the period | 9904 | €67,104 | €47,639 | -€19,465 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,104 | €47,639 | -€19,465 | -29.0% |
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 26 October 2026 via checked.be.