ROTSVAST: 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.
ROTSVAST
Largest movements
- Cash -€47,602
down €47,602 (-88.2%), from €53,990 to €6,388
mainly Trade debts (-€192,800) and Investment in fixed assets (net) (-€147,450)
- Trade debts -€192,800
down €192,800 (-88.0%), from €219,037 to €26,237
- Debts after one year +€85,840
new in 2025: €85,840
- Current portion of long-term debt +€76,414
new in 2025: €76,414
- Profit (loss) carried forward -€31,649
down €31,649 (-2.2%), from €1.5m to €1.4m
- Gross operating margin +€121,010
up €121,010 (+113.7%), from €106,401 to €227,411
- Depreciation +€27,804
up €27,804 (+19.4%), from €143,500 to €171,303
- Other operating charges +€9,137
up €9,137 (+12.7%), from €71,916 to €81,053
- Financial charges +€6,552
up €6,552 (+4282.1%), from €153 to €6,705
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 | €2,806,132 | €2,744,417 | -€61,715 | -2.2% |
| Fixed assets | 21/28 | €2,590,620 | €2,566,766 | -€23,854 | -0.9% |
| Tangible fixed assets | 22/27 | €1,564,862 | €1,541,008 | -€23,854 | -1.5% |
| Land and buildings | 22 | €1,357,885 | €1,351,558 | -€6,327 | -0.5% |
| Plant, machinery and equipment | 23 | €206,977 | €189,450 | -€17,527 | -8.5% |
| Financial fixed assets | 28 | €1,025,758 | €1,025,758 | = | 0.0% |
| Current assets | 29/58 | €215,512 | €177,651 | -€37,862 | -17.6% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,655 | €11,256 | +€9,601 | +580.1% |
| Trade receivables | 40 | €1,650 | €11,251 | +€9,601 | +581.9% |
| Other amounts receivable | 41 | €5 | €5 | = | 0.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €53,990 | €6,388 | -€47,602 | -88.2% |
| Deferred charges and accrued income | 490/1 | €9,867 | €10,007 | +€139 | +1.4% |
| Total equity and liabilities | 10/49 | €2,806,132 | €2,744,417 | -€61,715 | -2.2% |
| Equity | 10/15 | €2,585,144 | €2,553,494 | -€31,649 | -1.2% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €632,328 | €632,328 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,680 | €49,680 | = | 0.0% |
| Distributable reserves | 133 | €532,648 | €532,648 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,452,816 | €1,421,166 | -€31,649 | -2.2% |
| Amounts payable | 17/49 | €220,989 | €190,923 | -€30,066 | -13.6% |
| Amounts payable after more than one year | 17 | - | €85,840 | +€85,840 | |
| Financial debts | 170/4 | - | €85,840 | +€85,840 | |
| Amounts payable within one year | 42/48 | €220,989 | €105,082 | -€115,906 | -52.4% |
| Current portion of amounts payable after more than one year | 42 | - | €76,414 | +€76,414 | |
| Trade debts | 44 | €219,037 | €26,237 | -€192,800 | -88.0% |
| Suppliers | 440/4 | €219,037 | €26,237 | -€192,800 | -88.0% |
| Advances received on contracts in progress | 46 | €1,337 | €0 | -€1,337 | -100.0% |
| Taxes, remuneration and social security | 45 | €615 | €2,432 | +€1,817 | +295.4% |
| Taxes | 450/3 | €615 | €2,432 | +€1,817 | +295.4% |
| Non-recurring operating income | 76A | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,500 | €171,303 | +€27,804 | +19.4% |
| Other operating charges | 640/8 | €71,916 | €81,053 | +€9,137 | +12.7% |
| Gross operating margin | 9900 | €106,401 | €227,411 | +€121,010 | +113.7% |
| Operating profit (loss) | 9901 | -€109,015 | -€24,945 | +€84,070 | +77.1% |
| Financial income | 75/76B | €17 | €0 | -€17 | -100.0% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -100.0% |
| Financial charges | 65/66B | €153 | €6,705 | +€6,552 | +4282.1% |
| Recurring financial charges | 65 | €153 | €6,705 | +€6,552 | +4282.1% |
| Profit (loss) for the period before taxes | 9903 | -€109,151 | -€31,649 | +€77,502 | +71.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€109,151 | -€31,649 | +€77,502 | +71.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€109,151 | -€31,649 | +€77,502 | +71.0% |
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 5 October 2026 via checked.be.