ROUSSO: 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.
ROUSSO
Largest movements
- Tangible fixed assets +€100,695
up €100,695 (+5.1%), from €2.0m to €2.1m
of which Land and buildings: +€811,838
- Receivables within one year -€65,324
down €65,324 (-76.1%), from €85,866 to €20,542
of which Trade receivables: -€65,577
- Cash +€29,556
up €29,556 (+277%), from €10,656 to €40,212
mainly Other debts (+€672,949) and Depreciation (+€122,961)
- Other debts +€672,949
up €672,949 (+103%), from €654,511 to €1.3m
- Short-term financial debts -€400,000
down €400,000 (-100%), from €400,000 to €0
- Tax, wage and social debts -€169,290
down €169,290 (-95.9%), from €176,508 to €7,218
- Debts after one year -€30,000
down €30,000 (-23.5%), from €127,500 to €97,500
- Gross operating margin -€113,906
down €113,906 (-41.9%), from €271,993 to €158,087
- Financial charges -€54,703
down €54,703 (-75.8%), from €72,140 to €17,436
- Taxes -€13,652
down €13,652 (-72.4%), from €18,846 to €5,194
- Depreciation +€13,524
up €13,524 (+12.4%), from €109,436 to €122,961
- Other operating charges -€8,568
down €8,568 (-41.6%), from €20,585 to €12,017
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 | €2,068,535 | €2,130,442 | +€61,906 | +3.0% |
| Fixed assets | 21/28 | €1,958,235 | €2,058,929 | +€100,695 | +5.1% |
| Tangible fixed assets | 22/27 | €1,958,235 | €2,058,929 | +€100,695 | +5.1% |
| Land and buildings | 22 | €1,186,255 | €1,998,093 | +€811,838 | +68.4% |
| Plant, machinery and equipment | 23 | €0 | €1,142 | +€1,142 | |
| Furniture and vehicles | 24 | €58,941 | €59,694 | +€753 | +1.3% |
| Assets under construction and advance payments | 27 | €713,038 | €0 | -€713,038 | -100% |
| Current assets | 29/58 | €110,300 | €71,512 | -€38,788 | -35.2% |
| Amounts receivable within one year | 40/41 | €85,866 | €20,542 | -€65,324 | -76.1% |
| Trade receivables | 40 | €68,982 | €3,404 | -€65,577 | -95.1% |
| Other amounts receivable | 41 | €16,884 | €17,137 | +€253 | +1.5% |
| Current investments | 50/53 | €760 | €764 | +€4 | +0.5% |
| Cash at bank and in hand | 54/58 | €10,656 | €40,212 | +€29,556 | +277% |
| Deferred charges and accrued income | 490/1 | €13,018 | €9,995 | -€3,023 | -23.2% |
| Total equity and liabilities | 10/49 | €2,068,535 | €2,130,442 | +€61,906 | +3.0% |
| Equity | 10/15 | €661,456 | €662,195 | +€739 | +0.1% |
| Contributions | 10/11 | €117,148 | €117,148 | = | 0.0% |
| Reserves | 13 | €544,308 | €545,047 | +€739 | +0.1% |
| Non-distributable reserves | 130/1 | €11,715 | €11,715 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,715 | €11,715 | = | 0.0% |
| Tax-exempt reserves | 132 | €81,351 | €35,891 | -€45,460 | -55.9% |
| Distributable reserves | 133 | €451,242 | €497,441 | +€46,199 | +10.2% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €1,407,079 | €1,468,246 | +€61,167 | +4.3% |
| Amounts payable after more than one year | 17 | €127,500 | €97,500 | -€30,000 | -23.5% |
| Financial debts | 170/4 | €127,500 | €97,500 | -€30,000 | -23.5% |
| Amounts payable within one year | 42/48 | €1,279,579 | €1,370,746 | +€91,167 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Financial debts | 43 | €400,000 | €0 | -€400,000 | -100% |
| Credit institutions | 430/8 | €400,000 | €0 | -€400,000 | -100% |
| Trade debts | 44 | €18,560 | €4,864 | -€13,696 | -73.8% |
| Suppliers | 440/4 | €18,560 | €4,864 | -€13,696 | -73.8% |
| Advances received on contracts in progress | 46 | - | €1,204 | +€1,204 | |
| Taxes, remuneration and social security | 45 | €176,508 | €7,218 | -€169,290 | -95.9% |
| Taxes | 450/3 | €176,508 | €7,218 | -€169,290 | -95.9% |
| Other amounts payable | 47/48 | €654,511 | €1,327,460 | +€672,949 | +103% |
| Non-recurring operating income | 76A | €150,751 | €0 | -€150,751 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,436 | €122,961 | +€13,524 | +12.4% |
| Other operating charges | 640/8 | €20,585 | €12,017 | -€8,568 | -41.6% |
| Non-recurring operating charges | 66A | €1,538 | €0 | -€1,538 | -100% |
| Gross operating margin | 9900 | €271,993 | €158,087 | -€113,906 | -41.9% |
| Operating profit (loss) | 9901 | €140,433 | €23,109 | -€117,324 | -83.5% |
| Financial income | 75/76B | €1,945 | €259 | -€1,687 | -86.7% |
| Recurring financial income | 75 | €1,945 | €259 | -€1,687 | -86.7% |
| Financial charges | 65/66B | €72,140 | €17,436 | -€54,703 | -75.8% |
| Recurring financial charges | 65 | €72,140 | €17,436 | -€54,703 | -75.8% |
| Profit (loss) for the period before taxes | 9903 | €70,239 | €5,932 | -€64,307 | -91.6% |
| Transfer from deferred taxes | 780 | €110 | €0 | -€110 | -100% |
| Income taxes | 67/77 | €18,846 | €5,194 | -€13,652 | -72.4% |
| Profit (loss) for the period | 9904 | €51,503 | €738 | -€50,765 | -98.6% |
| Transfer from tax-exempt reserves | 789 | €14,880 | €45,462 | +€30,582 | +206% |
| Profit (loss) for the period to be appropriated | 9905 | €66,383 | €46,199 | -€20,184 | -30.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.