ROUSSEAU: 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.
ROUSSEAU
Largest movements
- Cash -€187,536
down €187,536 (-7.2%), from €2.6m to €2.4m
mainly Net result for the year (-€189,886) and Trade debts (-€138,538)
- Stocks and contracts -€89,749
down €89,749 (-60.0%), from €149,656 to €59,907
- Receivables within one year -€50,359
down €50,359 (-49.2%), from €102,351 to €51,992
of which Trade receivables: -€54,421
- Reserves -€180,000
down €180,000 (-7.3%), from €2.5m to €2.3m
of which Distributable reserves: -€180,000
- Trade debts -€138,538
down €138,538 (-80.2%), from €172,650 to €34,111
- Tax, wage and social debts -€51,738
down €51,738 (-15.0%), from €344,899 to €293,161
of which Remuneration and social security: -€51,738
- Gross operating margin -€1.3m
down €1.3m, from €1.1m to -€179,719
- Taxes -€362,359
down €362,359, from €333,248 to -€29,111
- Staff costs -€249,936
down €249,936, from €213,299 to -€36,637
- Other operating charges +€82,666
up €82,666 (+6382.4%), from €1,295 to €83,962
- Write-downs +€23,865
no longer reported in 2025 (was -€23,865)
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 | €3,112,604 | €2,728,577 | -€384,027 | -12.3% |
| Fixed assets | 21/28 | €169,655 | €147,095 | -€22,560 | -13.3% |
| Tangible fixed assets | 22/27 | €169,607 | €147,047 | -€22,560 | -13.3% |
| Land and buildings | 22 | €150,074 | €146,261 | -€3,814 | -2.5% |
| Plant, machinery and equipment | 23 | €2,587 | €787 | -€1,801 | -69.6% |
| Furniture and vehicles | 24 | €16,946 | - | -€16,946 | |
| Financial fixed assets | 28 | €48 | €48 | = | 0.0% |
| Current assets | 29/58 | €2,942,948 | €2,581,481 | -€361,467 | -12.3% |
| Amounts receivable after more than one year | 29 | €40,925 | €35,027 | -€5,898 | -14.4% |
| Other amounts receivable | 291 | €40,925 | €35,027 | -€5,898 | -14.4% |
| Stocks and contracts in progress | 3 | €149,656 | €59,907 | -€89,749 | -60.0% |
| Stocks | 30/36 | €149,656 | €59,907 | -€89,749 | -60.0% |
| Amounts receivable within one year | 40/41 | €102,351 | €51,992 | -€50,359 | -49.2% |
| Trade receivables | 40 | €78,366 | €23,945 | -€54,421 | -69.4% |
| Other amounts receivable | 41 | €23,985 | €28,047 | +€4,062 | +16.9% |
| Cash at bank and in hand | 54/58 | €2,622,091 | €2,434,555 | -€187,536 | -7.2% |
| Deferred charges and accrued income | 490/1 | €27,926 | - | -€27,926 | |
| Total equity and liabilities | 10/49 | €3,112,604 | €2,728,577 | -€384,027 | -12.3% |
| Equity | 10/15 | €2,547,678 | €2,357,792 | -€189,886 | -7.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €2,461,197 | €2,281,197 | -€180,000 | -7.3% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €2,455,000 | €2,275,000 | -€180,000 | -7.3% |
| Profit (loss) carried forward | 14 | €24,507 | €14,622 | -€9,886 | -40.3% |
| Provisions and deferred taxes | 16 | €4,220 | - | -€4,220 | |
| Provisions for liabilities and charges | 160/5 | €4,220 | - | -€4,220 | |
| Other liabilities and charges | 164/5 | €4,220 | - | -€4,220 | |
| Amounts payable | 17/49 | €560,706 | €370,784 | -€189,922 | -33.9% |
| Amounts payable within one year | 42/48 | €560,706 | €370,784 | -€189,922 | -33.9% |
| Trade debts | 44 | €172,650 | €34,111 | -€138,538 | -80.2% |
| Suppliers | 440/4 | €172,650 | €34,111 | -€138,538 | -80.2% |
| Taxes, remuneration and social security | 45 | €344,899 | €293,161 | -€51,738 | -15.0% |
| Taxes | 450/3 | €293,161 | €293,161 | = | 0.0% |
| Remuneration and social security | 454/9 | €51,738 | - | -€51,738 | |
| Other amounts payable | 47/48 | €43,157 | €43,512 | +€355 | +0.8% |
| Non-recurring operating income | 76A | €734,259 | €32,152 | -€702,107 | -95.6% |
| Remuneration, social security and pensions | 62 | €213,299 | -€36,637 | -€249,936 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,663 | €5,614 | -€13,049 | -69.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€23,865 | - | +€23,865 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,170 | -€4,220 | +€950 | +18.4% |
| Other operating charges | 640/8 | €1,295 | €83,962 | +€82,666 | +6382.4% |
| Non-recurring operating charges | 66A | €1,216 | - | -€1,216 | |
| Gross operating margin | 9900 | €1,095,052 | -€179,719 | -€1.3m | |
| Operating profit (loss) | 9901 | €889,613 | -€228,438 | -€1.1m | |
| Financial income | 75/76B | €12,966 | €11,893 | -€1,073 | -8.3% |
| Recurring financial income | 75 | €12,966 | €11,893 | -€1,073 | -8.3% |
| Financial charges | 65/66B | €4,823 | €2,452 | -€2,371 | -49.2% |
| Recurring financial charges | 65 | €4,823 | €2,452 | -€2,371 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | €897,757 | -€218,997 | -€1.1m | |
| Income taxes | 67/77 | €333,248 | -€29,111 | -€362,359 | |
| Profit (loss) for the period | 9904 | €564,509 | -€189,886 | -€754,395 | |
| Profit (loss) for the period to be appropriated | 9905 | €564,509 | -€189,886 | -€754,395 |
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 7 October 2026 via checked.be.