ROTTIERS: 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.
ROTTIERS
Largest movements
- Financial fixed assets -€3.2m
down €3.2m (-90.4%), from €3.5m to €335,955
- Cash +€2.1m
up €2.1m (+17326.0%), from €11,998 to €2.1m
mainly Investment in fixed assets (net) (+€3.2m) and Current investments (+€107,532)
- Current investments -€107,532
down €107,532 (-7.6%), from €1.4m to €1.3m
- Receivables within one year -€103,765
down €103,765 (-19.3%), from €537,445 to €433,681
of which Other amounts receivable: -€87,835
- Reserves -€677,412
down €677,412 (-25.8%), from €2.6m to €1.9m
of which Distributable reserves: -€434,209
- Profit (loss) carried forward -€518,901
down €518,901 (-23.4%), from €2.2m to €1.7m
- Tax, wage and social debts -€152,592
down €152,592 (-90.8%), from €167,991 to €15,399
of which Taxes: -€114,332
- Financial income +€870,619
up €870,619 (+1353.3%), from €64,332 to €934,951
of which Non-recurring financial income: +€445,703
- Gross operating margin -€205,891
down €205,891 (-47.3%), from €435,101 to €229,210
- Staff costs -€98,655
down €98,655 (-32.7%), from €302,073 to €203,418
- Taxes -€23,109
down €23,109 (-67.4%), from €34,280 to €11,171
- Write-downs -€11,661
down €11,661, from €3,749 to -€7,911
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 | €6,827,144 | €5,446,526 | -€1.4m | -20.2% |
| Fixed assets | 21/28 | €4,842,261 | €1,609,282 | -€3.2m | -66.8% |
| Intangible fixed assets | 21 | €6,022 | €215 | -€5,807 | -96.4% |
| Tangible fixed assets | 22/27 | €1,322,209 | €1,273,112 | -€49,097 | -3.7% |
| Land and buildings | 22 | €711,069 | €685,221 | -€25,848 | -3.6% |
| Plant, machinery and equipment | 23 | €1,882 | €1,440 | -€442 | -23.5% |
| Furniture and vehicles | 24 | €5,357 | €2,404 | -€2,953 | -55.1% |
| Other tangible fixed assets | 26 | €603,901 | €584,048 | -€19,853 | -3.3% |
| Financial fixed assets | 28 | €3,514,031 | €335,955 | -€3.2m | -90.4% |
| Current assets | 29/58 | €1,984,883 | €3,837,243 | +€1.9m | +93.3% |
| Stocks and contracts in progress | 3 | €17,527 | €0 | -€17,527 | -100.0% |
| Stocks | 30/36 | €17,527 | €0 | -€17,527 | -100.0% |
| Amounts receivable within one year | 40/41 | €537,445 | €433,681 | -€103,765 | -19.3% |
| Trade receivables | 40 | €84,314 | €68,385 | -€15,929 | -18.9% |
| Other amounts receivable | 41 | €453,131 | €365,296 | -€87,835 | -19.4% |
| Current investments | 50/53 | €1,407,000 | €1,299,468 | -€107,532 | -7.6% |
| Cash at bank and in hand | 54/58 | €11,998 | €2,090,752 | +€2.1m | +17326.0% |
| Deferred charges and accrued income | 490/1 | €10,913 | €13,342 | +€2,429 | +22.3% |
| Total equity and liabilities | 10/49 | €6,827,144 | €5,446,526 | -€1.4m | -20.2% |
| Equity | 10/15 | €6,287,779 | €5,091,466 | -€1.2m | -19.0% |
| Contributions | 10/11 | €1,451,514 | €1,451,514 | = | 0.0% |
| Capital | 10 | €1,451,514 | €1,451,514 | = | 0.0% |
| Issued capital | 100 | €1,451,514 | €1,451,514 | = | 0.0% |
| Reserves | 13 | €2,622,199 | €1,944,787 | -€677,412 | -25.8% |
| Non-distributable reserves | 130/1 | €6,394 | €6,394 | = | 0.0% |
| Legal reserve | 130 | €6,394 | €6,394 | = | 0.0% |
| Tax-exempt reserves | 132 | €536,296 | €293,093 | -€243,203 | -45.3% |
| Distributable reserves | 133 | €2,079,509 | €1,645,300 | -€434,209 | -20.9% |
| Profit (loss) carried forward | 14 | €2,214,066 | €1,695,165 | -€518,901 | -23.4% |
| Amounts payable | 17/49 | €539,366 | €355,060 | -€184,306 | -34.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €536,026 | €351,128 | -€184,899 | -34.5% |
| Current portion of amounts payable after more than one year | 42 | €24,113 | €0 | -€24,113 | -100.0% |
| Trade debts | 44 | €10,902 | €8,721 | -€2,181 | -20.0% |
| Suppliers | 440/4 | €10,902 | €8,721 | -€2,181 | -20.0% |
| Taxes, remuneration and social security | 45 | €167,991 | €15,399 | -€152,592 | -90.8% |
| Taxes | 450/3 | €129,700 | €15,368 | -€114,332 | -88.2% |
| Remuneration and social security | 454/9 | €38,291 | €30 | -€38,260 | -99.9% |
| Other amounts payable | 47/48 | €333,020 | €327,008 | -€6,012 | -1.8% |
| Accrued charges and deferred income | 492/3 | €3,340 | €3,932 | +€593 | +17.8% |
| Remuneration, social security and pensions | 62 | €302,073 | €203,418 | -€98,655 | -32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,018 | €54,904 | +€7,885 | +16.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,749 | -€7,911 | -€11,661 | |
| Other operating charges | 640/8 | €5,715 | €6,519 | +€804 | +14.1% |
| Non-recurring operating charges | 66A | €87 | €1,639,962 | +€1.6m | +1894714.5% |
| Gross operating margin | 9900 | €435,101 | €229,210 | -€205,891 | -47.3% |
| Operating profit (loss) | 9901 | €76,459 | -€1,667,681 | -€1.7m | |
| Financial income | 75/76B | €64,332 | €934,951 | +€870,619 | +1353.3% |
| Recurring financial income | 75 | €64,332 | €489,247 | +€424,915 | +660.5% |
| Non-recurring financial income | 76B | - | €445,703 | +€445,703 | |
| Financial charges | 65/66B | €16,734 | €18,203 | +€1,468 | +8.8% |
| Recurring financial charges | 65 | €16,734 | €18,203 | +€1,468 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €124,057 | -€750,933 | -€874,990 | |
| Income taxes | 67/77 | €34,280 | €11,171 | -€23,109 | -67.4% |
| Profit (loss) for the period | 9904 | €89,778 | -€762,104 | -€851,882 | |
| Transfer from tax-exempt reserves | 789 | - | €243,203 | +€243,203 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €89,778 | -€518,901 | -€608,679 |
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 10 October 2026 via checked.be.