ROTSAERT EPF: 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.
ROTSAERT EPF
Largest movements
- Tangible fixed assets -€27,991
down €27,991 (-3.0%), from €935,654 to €907,663
of which Land and buildings: -€27,237
- Debts after one year +€1.1m
up €1.1m (+599.6%), from €188,508 to €1.3m
of which Other amounts payable: +€1.2m
- Short-term financial debts -€847,150
down €847,150 (-94.9%), from €892,500 to €45,350
- Other debts -€345,374
no longer reported in 2025 (was €345,374)
- Gross operating margin +€6,707
up €6,707 (+9.5%), from €70,874 to €77,580
- Taxes +€3,113
up €3,113 (+106.1%), from €2,936 to €6,049
- Financial charges -€2,918
down €2,918 (-12.0%), from €24,237 to €21,319
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 | €2,035,053 | €2,002,127 | -€32,926 | -1.6% |
| Fixed assets | 21/28 | €1,685,654 | €1,657,663 | -€27,991 | -1.7% |
| Tangible fixed assets | 22/27 | €935,654 | €907,663 | -€27,991 | -3.0% |
| Land and buildings | 22 | €933,961 | €906,725 | -€27,237 | -2.9% |
| Plant, machinery and equipment | 23 | €1,693 | €938 | -€754 | -44.6% |
| Financial fixed assets | 28 | €750,000 | €750,000 | = | 0.0% |
| Current assets | 29/58 | €349,399 | €344,464 | -€4,935 | -1.4% |
| Amounts receivable within one year | 40/41 | €349,087 | €341,096 | -€7,990 | -2.3% |
| Trade receivables | 40 | €30,368 | €19,368 | -€11,000 | -36.2% |
| Other amounts receivable | 41 | €318,719 | €321,728 | +€3,010 | +0.9% |
| Cash at bank and in hand | 54/58 | €312 | €686 | +€373 | +119.6% |
| Deferred charges and accrued income | 490/1 | - | €2,682 | +€2,682 | |
| Total equity and liabilities | 10/49 | €2,035,053 | €2,002,127 | -€32,926 | -1.6% |
| Equity | 10/15 | €564,150 | €575,819 | +€11,669 | +2.1% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €114,150 | €125,819 | +€11,669 | +10.2% |
| Distributable reserves | 133 | €114,150 | €125,819 | +€11,669 | +10.2% |
| Amounts payable | 17/49 | €1,470,903 | €1,426,308 | -€44,595 | -3.0% |
| Amounts payable after more than one year | 17 | €188,508 | €1,318,864 | +€1.1m | +599.6% |
| Financial debts | 170/4 | €188,508 | €165,108 | -€23,401 | -12.4% |
| Other amounts payable | 178/9 | - | €1,153,757 | +€1.2m | |
| Amounts payable within one year | 42/48 | €1,276,380 | €89,744 | -€1.2m | -93.0% |
| Current portion of amounts payable after more than one year | 42 | €24,966 | €23,401 | -€1,565 | -6.3% |
| Financial debts | 43 | €892,500 | €45,350 | -€847,150 | -94.9% |
| Other loans | 439 | €892,500 | €45,350 | -€847,150 | -94.9% |
| Trade debts | 44 | €905 | €3,309 | +€2,404 | +265.7% |
| Suppliers | 440/4 | €905 | €3,309 | +€2,404 | +265.7% |
| Taxes, remuneration and social security | 45 | €12,636 | €17,684 | +€5,049 | +40.0% |
| Taxes | 450/3 | €12,636 | €17,684 | +€5,049 | +40.0% |
| Other amounts payable | 47/48 | €345,374 | - | -€345,374 | |
| Accrued charges and deferred income | 492/3 | €6,015 | €17,700 | +€11,685 | +194.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,923 | €27,991 | +€68 | +0.2% |
| Other operating charges | 640/8 | €10,234 | €10,552 | +€318 | +3.1% |
| Gross operating margin | 9900 | €70,874 | €77,580 | +€6,707 | +9.5% |
| Operating profit (loss) | 9901 | €32,717 | €39,037 | +€6,320 | +19.3% |
| Financial charges | 65/66B | €24,237 | €21,319 | -€2,918 | -12.0% |
| Recurring financial charges | 65 | €24,237 | €21,319 | -€2,918 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €8,480 | €17,718 | +€9,238 | +108.9% |
| Income taxes | 67/77 | €2,936 | €6,049 | +€3,113 | +106.1% |
| Profit (loss) for the period | 9904 | €5,544 | €11,669 | +€6,125 | +110.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,544 | €11,669 | +€6,125 | +110.5% |
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 29 September 2026 via checked.be.