Rotse-Vast: 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.
Rotse-Vast
Largest movements
- Cash +€277,838
up €277,838 (+234%), from €118,874 to €396,711
mainly Net result for the year (+€282,661) and Current investments (+€100,000)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets -€50,597
down €50,597 (-5.5%), from €915,593 to €864,997
of which Land and buildings: -€27,614
- Receivables within one year +€39,811
up €39,811 (+118%), from €33,689 to €73,500
of which Trade receivables: +€42,405
- Reserves +€157,325
up €157,325 (+20.0%), from €788,427 to €945,752
of which Distributable reserves: +€157,325
- Other debts +€81,234
up €81,234 (+553%), from €14,683 to €95,917
- Debts after one year -€57,370
down €57,370 (-26.2%), from €219,297 to €161,927
- Trade debts -€36,811
down €36,811 (-87.6%), from €42,014 to €5,203
- Tax, wage and social debts +€18,700
up €18,700 (+109%), from €17,177 to €35,877
of which Taxes: +€17,050
- Gross operating margin +€164,448
up €164,448 (+59.0%), from €278,566 to €443,014
- Taxes +€45,040
up €45,040 (+90.2%), from €49,935 to €94,974
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 | €1,201,533 | €1,363,408 | +€161,875 | +13.5% |
| Fixed assets | 21/28 | €915,623 | €865,027 | -€50,597 | -5.5% |
| Tangible fixed assets | 22/27 | €915,593 | €864,997 | -€50,597 | -5.5% |
| Land and buildings | 22 | €804,637 | €777,023 | -€27,614 | -3.4% |
| Plant, machinery and equipment | 23 | €61,951 | €49,741 | -€12,210 | -19.7% |
| Furniture and vehicles | 24 | €48,680 | €38,233 | -€10,447 | -21.5% |
| Other tangible fixed assets | 26 | €325 | - | -€325 | |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €285,910 | €498,381 | +€212,472 | +74.3% |
| Amounts receivable after more than one year | 29 | €14,875 | €15,611 | +€736 | +4.9% |
| Other amounts receivable | 291 | €14,875 | €15,611 | +€736 | +4.9% |
| Amounts receivable within one year | 40/41 | €33,689 | €73,500 | +€39,811 | +118% |
| Trade receivables | 40 | €29,868 | €72,273 | +€42,405 | +142% |
| Other amounts receivable | 41 | €3,821 | €1,227 | -€2,594 | -67.9% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €118,874 | €396,711 | +€277,838 | +234% |
| Deferred charges and accrued income | 490/1 | €18,472 | €12,558 | -€5,913 | -32.0% |
| Total equity and liabilities | 10/49 | €1,201,533 | €1,363,408 | +€161,875 | +13.5% |
| Equity | 10/15 | €848,798 | €1,006,123 | +€157,325 | +18.5% |
| Contributions | 10/11 | €52,400 | €52,400 | = | 0.0% |
| Reserves | 13 | €788,427 | €945,752 | +€157,325 | +20.0% |
| Tax-exempt reserves | 132 | €46,500 | €46,500 | = | 0.0% |
| Distributable reserves | 133 | €741,927 | €899,252 | +€157,325 | +21.2% |
| Profit (loss) carried forward | 14 | €7,970 | €7,970 | = | 0.0% |
| Amounts payable | 17/49 | €352,735 | €357,285 | +€4,550 | +1.3% |
| Amounts payable after more than one year | 17 | €219,297 | €161,927 | -€57,370 | -26.2% |
| Financial debts | 170/4 | €219,297 | €161,927 | -€57,370 | -26.2% |
| Amounts payable within one year | 42/48 | €132,971 | €194,367 | +€61,396 | +46.2% |
| Current portion of amounts payable after more than one year | 42 | €59,097 | €57,370 | -€1,727 | -2.9% |
| Trade debts | 44 | €42,014 | €5,203 | -€36,811 | -87.6% |
| Suppliers | 440/4 | €42,014 | €5,203 | -€36,811 | -87.6% |
| Taxes, remuneration and social security | 45 | €17,177 | €35,877 | +€18,700 | +109% |
| Taxes | 450/3 | €17,177 | €34,227 | +€17,050 | +99.3% |
| Remuneration and social security | 454/9 | - | €1,650 | +€1,650 | |
| Other amounts payable | 47/48 | €14,683 | €95,917 | +€81,234 | +553% |
| Accrued charges and deferred income | 492/3 | €467 | €991 | +€524 | +112% |
| Non-recurring operating income | 76A | €1,331 | - | -€1,331 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,239 | €63,016 | -€224 | -0.4% |
| Other operating charges | 640/8 | €1,678 | €3,104 | +€1,426 | +85.0% |
| Non-recurring operating charges | 66A | - | €374 | +€374 | |
| Gross operating margin | 9900 | €278,566 | €443,014 | +€164,448 | +59.0% |
| Operating profit (loss) | 9901 | €213,649 | €376,520 | +€162,871 | +76.2% |
| Financial income | 75/76B | €1,142 | €5,472 | +€4,330 | +379% |
| Recurring financial income | 75 | €1,142 | €5,472 | +€4,330 | +379% |
| Financial charges | 65/66B | €4,908 | €4,356 | -€551 | -11.2% |
| Recurring financial charges | 65 | €4,908 | €4,356 | -€551 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €209,883 | €377,636 | +€167,753 | +79.9% |
| Income taxes | 67/77 | €49,935 | €94,974 | +€45,040 | +90.2% |
| Profit (loss) for the period | 9904 | €159,948 | €282,661 | +€122,713 | +76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €159,948 | €282,661 | +€122,713 | +76.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.