ROUGE E BLANC: 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.
ROUGE E BLANC
Largest movements
- Cash -€116,826
down €116,826 (-33.3%), from €351,272 to €234,446
mainly Investment in fixed assets (net) (-€344,697) and Debts after one year (-€39,791)
- Tangible fixed assets +€76,746
up €76,746 (+3.8%), from €2.0m to €2.1m
of which Land and buildings: +€87,521
- Debts after one year -€39,791
down €39,791 (-16.1%), from €247,383 to €207,591
- Advances received +€34,988
up €34,988 (+28.5%), from €122,970 to €157,957
- Gross operating margin -€408,391
down €408,391 (-48.9%), from €835,295 to €426,904
- Staff costs -€78,730
down €78,730 (-34.3%), from €229,669 to €150,939
- Taxes -€24,047
down €24,047 (-98.4%), from €24,439 to €393
- Financial income -€23,929
down €23,929 (-88.0%), from €27,199 to €3,270
- Depreciation +€23,686
up €23,686 (+9.6%), from €245,485 to €269,171
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 | €2,391,871 | €2,349,842 | -€42,029 | -1.8% |
| Fixed assets | 21/28 | €2,014,065 | €2,089,591 | +€75,526 | +3.7% |
| Intangible fixed assets | 21 | €4,063 | €2,843 | -€1,220 | -30.0% |
| Tangible fixed assets | 22/27 | €2,010,002 | €2,086,748 | +€76,746 | +3.8% |
| Land and buildings | 22 | €1,812,387 | €1,899,909 | +€87,521 | +4.8% |
| Plant, machinery and equipment | 23 | €111,251 | €101,887 | -€9,364 | -8.4% |
| Furniture and vehicles | 24 | €86,365 | €84,953 | -€1,412 | -1.6% |
| Current assets | 29/58 | €377,806 | €260,251 | -€117,555 | -31.1% |
| Stocks and contracts in progress | 3 | €10,200 | €10,610 | +€410 | +4.0% |
| Stocks | 30/36 | €10,200 | €10,610 | +€410 | +4.0% |
| Amounts receivable within one year | 40/41 | €14,233 | €5,612 | -€8,621 | -60.6% |
| Trade receivables | 40 | €8,428 | €370 | -€8,058 | -95.6% |
| Other amounts receivable | 41 | €5,805 | €5,242 | -€563 | -9.7% |
| Cash at bank and in hand | 54/58 | €351,272 | €234,446 | -€116,826 | -33.3% |
| Deferred charges and accrued income | 490/1 | €2,102 | €9,583 | +€7,482 | +356.0% |
| Total equity and liabilities | 10/49 | €2,391,871 | €2,349,842 | -€42,029 | -1.8% |
| Equity | 10/15 | €691,583 | €690,363 | -€1,220 | -0.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €641,583 | €641,583 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €94,996 | €94,996 | = | 0.0% |
| Distributable reserves | 133 | €546,587 | €546,587 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€1,220 | -€1,220 | |
| Amounts payable | 17/49 | €1,700,288 | €1,659,479 | -€40,809 | -2.4% |
| Amounts payable after more than one year | 17 | €247,383 | €207,591 | -€39,791 | -16.1% |
| Financial debts | 170/4 | €247,383 | €207,591 | -€39,791 | -16.1% |
| Amounts payable within one year | 42/48 | €1,443,905 | €1,442,888 | -€1,018 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €39,454 | €39,791 | +€337 | +0.9% |
| Trade debts | 44 | €19,547 | €15,326 | -€4,221 | -21.6% |
| Suppliers | 440/4 | €19,547 | €15,326 | -€4,221 | -21.6% |
| Advances received on contracts in progress | 46 | €122,970 | €157,957 | +€34,988 | +28.5% |
| Taxes, remuneration and social security | 45 | €43,801 | €31,349 | -€12,452 | -28.4% |
| Taxes | 450/3 | €25,431 | €9,209 | -€16,223 | -63.8% |
| Remuneration and social security | 454/9 | €18,370 | €22,141 | +€3,771 | +20.5% |
| Other amounts payable | 47/48 | €1,218,134 | €1,198,464 | -€19,670 | -1.6% |
| Accrued charges and deferred income | 492/3 | €9,000 | €9,000 | = | 0.0% |
| Non-recurring operating income | 76A | €8,878 | €0 | -€8,878 | -100.0% |
| Remuneration, social security and pensions | 62 | €229,669 | €150,939 | -€78,730 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €245,485 | €269,171 | +€23,686 | +9.6% |
| Other operating charges | 640/8 | €10,494 | €4,651 | -€5,843 | -55.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €835,295 | €426,904 | -€408,391 | -48.9% |
| Operating profit (loss) | 9901 | €349,647 | €2,144 | -€347,503 | -99.4% |
| Financial income | 75/76B | €27,199 | €3,270 | -€23,929 | -88.0% |
| Recurring financial income | 75 | €27,199 | €3,270 | -€23,929 | -88.0% |
| Financial charges | 65/66B | €13,445 | €6,241 | -€7,204 | -53.6% |
| Recurring financial charges | 65 | €13,445 | €6,241 | -€7,204 | -53.6% |
| Profit (loss) for the period before taxes | 9903 | €363,402 | -€827 | -€364,229 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €24,439 | €393 | -€24,047 | -98.4% |
| Profit (loss) for the period | 9904 | €338,962 | -€1,220 | -€340,182 | |
| Profit (loss) for the period to be appropriated | 9905 | €338,962 | -€1,220 | -€340,182 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.