ROUTECO: 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.
ROUTECO
Largest movements
- Receivables within one year +€276,042
up €276,042 (+16.0%), from €1.7m to €2.0m
of which Trade receivables: +€243,845
- Stocks and contracts +€37,620
up €37,620 (+5.2%), from €726,785 to €764,406
- Trade debts +€320,995
up €320,995 (+22.8%), from €1.4m to €1.7m
- Profit (loss) carried forward +€170,966
up €170,966, from -€119,737 to €51,228
- Advances received -€95,319
down €95,319 (-100%), from €95,319 to €0
- Short-term financial debts -€43,634
down €43,634 (-6.0%), from €724,777 to €681,144
- Tax, wage and social debts -€39,158
down €39,158 (-13.8%), from €283,962 to €244,804
of which Taxes: -€48,215
- Gross operating margin +€178,903
up €178,903 (+9.9%), from €1.8m to €2.0m
- Staff costs +€124,922
up €124,922 (+8.0%), from €1.6m to €1.7m
- Write-downs +€112,258
up €112,258, from -€96,293 to €15,966
- Taxes +€20,109
up €20,109 (+36.5%), from €55,130 to €75,239
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,511,071 | €2,812,780 | +€301,709 | +12.0% |
| Fixed assets | 21/28 | €56,127 | €44,173 | -€11,954 | -21.3% |
| Tangible fixed assets | 22/27 | €56,127 | €44,173 | -€11,954 | -21.3% |
| Plant, machinery and equipment | 23 | €12,590 | €10,024 | -€2,566 | -20.4% |
| Furniture and vehicles | 24 | €43,537 | €34,149 | -€9,388 | -21.6% |
| Current assets | 29/58 | €2,454,944 | €2,768,607 | +€313,663 | +12.8% |
| Stocks and contracts in progress | 3 | €726,785 | €764,406 | +€37,620 | +5.2% |
| Stocks | 30/36 | €726,785 | €764,406 | +€37,620 | +5.2% |
| Amounts receivable within one year | 40/41 | €1,728,159 | €2,004,201 | +€276,042 | +16.0% |
| Trade receivables | 40 | €1,713,523 | €1,957,368 | +€243,845 | +14.2% |
| Other amounts receivable | 41 | €14,636 | €46,833 | +€32,197 | +220% |
| Total equity and liabilities | 10/49 | €2,511,071 | €2,812,780 | +€301,709 | +12.0% |
| Equity | 10/15 | -€69,737 | €101,228 | +€170,966 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,737 | €51,228 | +€170,966 | |
| Amounts payable | 17/49 | €2,580,808 | €2,711,552 | +€130,743 | +5.1% |
| Amounts payable within one year | 42/48 | €2,515,012 | €2,675,224 | +€160,212 | +6.4% |
| Financial debts | 43 | €724,777 | €681,144 | -€43,634 | -6.0% |
| Other loans | 439 | €724,777 | €681,144 | -€43,634 | -6.0% |
| Trade debts | 44 | €1,410,954 | €1,731,950 | +€320,995 | +22.8% |
| Suppliers | 440/4 | €1,410,954 | €1,731,950 | +€320,995 | +22.8% |
| Advances received on contracts in progress | 46 | €95,319 | €0 | -€95,319 | -100% |
| Taxes, remuneration and social security | 45 | €283,962 | €244,804 | -€39,158 | -13.8% |
| Taxes | 450/3 | €104,270 | €56,055 | -€48,215 | -46.2% |
| Remuneration and social security | 454/9 | €179,692 | €188,749 | +€9,057 | +5.0% |
| Other amounts payable | 47/48 | - | €17,327 | +€17,327 | |
| Accrued charges and deferred income | 492/3 | €65,796 | €36,328 | -€29,468 | -44.8% |
| Remuneration, social security and pensions | 62 | €1,562,815 | €1,687,737 | +€124,922 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,082 | €11,954 | -€3,128 | -20.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€96,293 | €15,966 | +€112,258 | |
| Other operating charges | 640/8 | €6,287 | €14,804 | +€8,518 | +135% |
| Gross operating margin | 9900 | €1,808,194 | €1,987,098 | +€178,903 | +9.9% |
| Operating profit (loss) | 9901 | €320,304 | €256,637 | -€63,667 | -19.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €20,291 | €10,433 | -€9,858 | -48.6% |
| Recurring financial charges | 65 | €20,291 | €10,433 | -€9,858 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | €300,013 | €246,205 | -€53,809 | -17.9% |
| Income taxes | 67/77 | €55,130 | €75,239 | +€20,109 | +36.5% |
| Profit (loss) for the period | 9904 | €244,883 | €170,966 | -€73,918 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €244,883 | €170,966 | -€73,918 | -30.2% |
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 23 October 2026 via checked.be.