ROTOLUX: 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.
What changed
ROTOLUX
NACE 17.250, Manufacture of paper and paper products
financial year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€189,786
2025 · €119,875+€69,911
Equity
€1.2m
2025 · €1.2m+€9,786
Cash
€201,849
2025 · €111,522+€90,327
Balance sheet total
€2.9m
2025 · €3.0m-€74,589
Largest movements
Assets
- Stocks and contracts -€142,115
down €142,115 (-13.7%), from €1.0m to €896,222
- Cash +€90,327
up €90,327 (+81.0%), from €111,522 to €201,849
mainly Depreciation (+€313,206) and Short-term financial debts (+€230,000)
Equity and liabilities
- Trade debts -€265,087
down €265,087 (-28.1%), from €943,705 to €678,618
- Short-term financial debts +€230,000
up €230,000 (+191.7%), from €120,000 to €350,000
- Other debts +€180,247
new in 2026: €180,247
- Tax, wage and social debts -€160,733
down €160,733 (-50.1%), from €320,802 to €160,069
of which Remuneration and social security: -€161,014
- Debts after one year -€51,478
down €51,478 (-28.4%), from €181,445 to €129,967
Income statement
- Gross operating margin +€286,287
up €286,287 (+14.6%), from €2.0m to €2.2m
- Write-downs +€90,855
new in 2026: €90,855
- Depreciation +€65,260
up €65,260 (+26.3%), from €247,945 to €313,206
- Staff costs +€51,661
up €51,661 (+3.6%), from €1.4m to €1.5m
From the 2025 result to the 2026 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.
Result 2025
€119,875
Gross operating margin
+€286,287
Staff costs
-€51,661
Depreciation
-€65,260
Write-downs
-€90,855
Other operating charges
+€1,684
Other operating items
+€3,853
Financial income
-€565
Financial charges
+€4,435
Taxes
-€18,007
Result 2026
€189,786
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€434,900
Investment
-€315,642
Financing
-€28,932
Cash 2025
€111,522
From operations (derived)
+€434,900
Net result for the year
+€189,786
Depreciation
+€313,206
Receivables after one year
+€595
Stocks and contracts
+€142,115
Receivables within one year
+€14,130
Deferred charges and accrued income
+€10,512
Trade debts
-€265,087
Tax, wage and social debts
-€160,733
Advances received
-€2,801
Other debts
+€180,247
Accrued charges and deferred income
+€12,931
Investment (derived)
-€315,642
Investment in fixed assets (net)
-€315,642
Financing
-€28,932
Debts after one year
-€51,478
Current portion of long-term debt
-€27,454
Short-term financial debts
+€230,000
Contributions, distributions and other
-€180,000
Cash 2026
€201,849
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,003,766 | €2,929,177 | -€74,589 | -2.5% |
| Fixed assets | 21/28 | €981,615 | €984,051 | +€2,437 | +0.2% |
| Intangible fixed assets | 21 | €26,345 | €14,714 | -€11,631 | -44.1% |
| Tangible fixed assets | 22/27 | €954,155 | €968,222 | +€14,068 | +1.5% |
| Land and buildings | 22 | €149,525 | €158,223 | +€8,699 | +5.8% |
| Plant, machinery and equipment | 23 | €518,816 | €582,151 | +€63,335 | +12.2% |
| Furniture and vehicles | 24 | €193,126 | €183,659 | -€9,467 | -4.9% |
| Leasing and similar rights | 25 | €91,988 | €43,488 | -€48,499 | -52.7% |
| Other tangible fixed assets | 26 | €700 | €700 | = | 0.0% |
| Financial fixed assets | 28 | €1,115 | €1,115 | = | 0.0% |
| Current assets | 29/58 | €2,022,151 | €1,945,126 | -€77,025 | -3.8% |
| Amounts receivable after more than one year | 29 | €595 | €0 | -€595 | -100.0% |
| Other amounts receivable | 291 | €595 | €0 | -€595 | -100.0% |
| Stocks and contracts in progress | 3 | €1,038,337 | €896,222 | -€142,115 | -13.7% |
| Stocks | 30/36 | €1,038,337 | €896,222 | -€142,115 | -13.7% |
| Amounts receivable within one year | 40/41 | €824,896 | €810,766 | -€14,130 | -1.7% |
| Trade receivables | 40 | €606,913 | €484,762 | -€122,152 | -20.1% |
| Other amounts receivable | 41 | €217,982 | €326,004 | +€108,022 | +49.6% |
| Cash at bank and in hand | 54/58 | €111,522 | €201,849 | +€90,327 | +81.0% |
| Deferred charges and accrued income | 490/1 | €46,801 | €36,289 | -€10,512 | -22.5% |
| Total equity and liabilities | 10/49 | €3,003,766 | €2,929,177 | -€74,589 | -2.5% |
| Equity | 10/15 | €1,169,501 | €1,179,287 | +€9,786 | +0.8% |
| Contributions | 10/11 | €173,600 | €173,600 | = | 0.0% |
| Capital | 10 | €173,600 | €173,600 | = | 0.0% |
| Issued capital | 100 | €173,600 | €173,600 | = | 0.0% |
| Reserves | 13 | €995,901 | €1,005,687 | +€9,786 | +1.0% |
| Non-distributable reserves | 130/1 | €17,360 | €17,360 | = | 0.0% |
| Legal reserve | 130 | €17,360 | €17,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €445,804 | €445,804 | = | 0.0% |
| Distributable reserves | 133 | €532,737 | €542,523 | +€9,786 | +1.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,834,265 | €1,749,890 | -€84,374 | -4.6% |
| Amounts payable after more than one year | 17 | €181,445 | €129,967 | -€51,478 | -28.4% |
| Financial debts | 170/4 | €181,445 | €129,967 | -€51,478 | -28.4% |
| Amounts payable within one year | 42/48 | €1,634,810 | €1,588,982 | -€45,827 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €247,502 | €220,049 | -€27,454 | -11.1% |
| Financial debts | 43 | €120,000 | €350,000 | +€230,000 | +191.7% |
| Credit institutions | 430/8 | €120,000 | €350,000 | +€230,000 | +191.7% |
| Trade debts | 44 | €943,705 | €678,618 | -€265,087 | -28.1% |
| Suppliers | 440/4 | €943,705 | €678,618 | -€265,087 | -28.1% |
| Advances received on contracts in progress | 46 | €2,801 | €0 | -€2,801 | -100.0% |
| Taxes, remuneration and social security | 45 | €320,802 | €160,069 | -€160,733 | -50.1% |
| Taxes | 450/3 | €6,025 | €6,305 | +€281 | +4.7% |
| Remuneration and social security | 454/9 | €314,777 | €153,764 | -€161,014 | -51.2% |
| Other amounts payable | 47/48 | - | €180,247 | +€180,247 | |
| Accrued charges and deferred income | 492/3 | €18,010 | €30,941 | +€12,931 | +71.8% |
| Non-recurring operating income | 76A | €1,500 | €2,376 | +€876 | +58.4% |
| Remuneration, social security and pensions | 62 | €1,438,861 | €1,490,521 | +€51,661 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €247,945 | €313,206 | +€65,260 | +26.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €90,855 | +€90,855 | |
| Other operating charges | 640/8 | €28,762 | €27,078 | -€1,684 | -5.9% |
| Non-recurring operating charges | 66A | €3,853 | €0 | -€3,853 | -100.0% |
| Gross operating margin | 9900 | €1,956,430 | €2,242,717 | +€286,287 | +14.6% |
| Operating profit (loss) | 9901 | €237,009 | €321,056 | +€84,047 | +35.5% |
| Financial income | 75/76B | €4,102 | €3,537 | -€565 | -13.8% |
| Recurring financial income | 75 | €4,102 | €3,537 | -€565 | -13.8% |
| Financial charges | 65/66B | €119,334 | €114,899 | -€4,435 | -3.7% |
| Recurring financial charges | 65 | €119,334 | €114,899 | -€4,435 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €121,778 | €209,695 | +€87,917 | +72.2% |
| Income taxes | 67/77 | €1,902 | €19,909 | +€18,007 | +946.6% |
| Profit (loss) for the period | 9904 | €119,875 | €189,786 | +€69,911 | +58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €119,875 | €189,786 | +€69,911 | +58.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.