SFAR-ROUE: 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.
SFAR-ROUE
Largest movements
- Current investments -€13,000
down €13,000 (-8.0%), from €162,000 to €149,000
- Receivables within one year -€11,487
down €11,487 (-84.7%), from €13,558 to €2,071
- Cash +€2,928
up €2,928 (+504%), from €581 to €3,509
mainly Current investments (+€13,000) and Receivables within one year (+€11,487)
- Provisions -€22,486
down €22,486 (-18.8%), from €119,475 to €96,989
- Profit (loss) carried forward +€3,564
up €3,564 (+5.7%), from -€62,903 to -€59,338
- Trade debts -€3,176
down €3,176 (-5.4%), from €58,482 to €55,306
- Provisions -€11,961
down €11,961 (-114%), from -€10,525 to -€22,486
- Financial income -€3,578
down €3,578 (-53.1%), from €6,736 to €3,158
- Gross operating margin -€1,223
down €1,223 (-6.1%), from -€20,176 to -€21,399
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 | €176,824 | €154,727 | -€22,097 | -12.5% |
| Current assets | 29/58 | €176,824 | €154,727 | -€22,097 | -12.5% |
| Amounts receivable within one year | 40/41 | €13,558 | €2,071 | -€11,487 | -84.7% |
| Other amounts receivable | 41 | €13,558 | €2,071 | -€11,487 | -84.7% |
| Current investments | 50/53 | €162,000 | €149,000 | -€13,000 | -8.0% |
| Cash at bank and in hand | 54/58 | €581 | €3,509 | +€2,928 | +504% |
| Deferred charges and accrued income | 490/1 | €685 | €147 | -€538 | -78.5% |
| Total equity and liabilities | 10/49 | €176,824 | €154,727 | -€22,097 | -12.5% |
| Equity | 10/15 | -€1,132 | €2,432 | +€3,564 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €270 | €270 | = | 0.0% |
| Non-distributable reserves | 130/1 | €270 | €270 | = | 0.0% |
| Legal reserve | 130 | €270 | €270 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,903 | -€59,338 | +€3,564 | +5.7% |
| Provisions and deferred taxes | 16 | €119,475 | €96,989 | -€22,486 | -18.8% |
| Provisions for liabilities and charges | 160/5 | €119,475 | €96,989 | -€22,486 | -18.8% |
| Other liabilities and charges | 164/5 | €119,475 | €96,989 | -€22,486 | -18.8% |
| Amounts payable | 17/49 | €58,482 | €55,306 | -€3,176 | -5.4% |
| Amounts payable within one year | 42/48 | €58,482 | €55,306 | -€3,176 | -5.4% |
| Trade debts | 44 | €58,482 | €55,306 | -€3,176 | -5.4% |
| Suppliers | 440/4 | €58,482 | €55,306 | -€3,176 | -5.4% |
| Non-recurring operating income | 76A | €8,242 | €3,215 | -€5,027 | -61.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€10,525 | -€22,486 | -€11,961 | -114% |
| Other operating charges | 640/8 | €587 | €400 | -€188 | -31.9% |
| Gross operating margin | 9900 | -€20,176 | -€21,399 | -€1,223 | -6.1% |
| Operating profit (loss) | 9901 | -€10,238 | €687 | +€10,925 | |
| Financial income | 75/76B | €6,736 | €3,158 | -€3,578 | -53.1% |
| Recurring financial income | 75 | €6,736 | €3,158 | -€3,578 | -53.1% |
| Financial charges | 65/66B | €297 | €281 | -€16 | -5.5% |
| Recurring financial charges | 65 | €297 | €281 | -€16 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,800 | €3,564 | +€7,364 | |
| Profit (loss) for the period | 9904 | -€3,800 | €3,564 | +€7,364 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,800 | €3,564 | +€7,364 |
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 18 October 2026 via checked.be.