CHRISTOPHE ROCHUS: 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.
CHRISTOPHE ROCHUS
Largest movements
- Receivables within one year +€36,930
up €36,930 (+25.6%), from €144,079 to €181,009
of which Other amounts receivable: +€37,909
- Tangible fixed assets +€6,017
up €6,017 (+12.8%), from €46,930 to €52,946
of which Land and buildings: +€8,716
- Current investments -€5,026
no longer reported in 2025 (was €5,026)
- Cash +€4,037
up €4,037, from €0 to €4,037
mainly Debts after one year (+€27,914) and Depreciation (+€7,817)
- Debts after one year +€27,914
up €27,914 (+3,154%), from €885 to €28,799
- Reserves +€7,505
up €7,505 (+4.4%), from €168,992 to €176,496
- Current portion of long-term debt +€5,855
up €5,855 (+161%), from €3,636 to €9,491
- Short-term financial debts -€5,098
down €5,098 (-94.3%), from €5,409 to €311
- Tax, wage and social debts +€3,093
up €3,093 (+38.9%), from €7,949 to €11,042
of which Taxes: +€3,480
- Financial income +€8,815
up €8,815 (+28,743%), from €31 to €8,846
- Gross operating margin -€6,719
down €6,719 (-22.4%), from €29,950 to €23,232
- Financial charges +€3,190
up €3,190 (+57.3%), from €5,569 to €8,758
- Taxes -€1,657
down €1,657 (-27.8%), from €5,959 to €4,302
- Depreciation +€303
up €303 (+4.0%), from €7,514 to €7,817
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 | €196,035 | €237,992 | +€41,957 | +21.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €46,930 | €52,946 | +€6,017 | +12.8% |
| Tangible fixed assets | 22/27 | €46,930 | €52,946 | +€6,017 | +12.8% |
| Land and buildings | 22 | €39,645 | €48,360 | +€8,716 | +22.0% |
| Plant, machinery and equipment | 23 | €3,864 | €1,985 | -€1,879 | -48.6% |
| Furniture and vehicles | 24 | €3,421 | €2,601 | -€820 | -24.0% |
| Current assets | 29/58 | €149,105 | €185,046 | +€35,940 | +24.1% |
| Amounts receivable within one year | 40/41 | €144,079 | €181,009 | +€36,930 | +25.6% |
| Trade receivables | 40 | €3,852 | €2,873 | -€979 | -25.4% |
| Other amounts receivable | 41 | €140,227 | €178,136 | +€37,909 | +27.0% |
| Current investments | 50/53 | €5,026 | - | -€5,026 | |
| Cash at bank and in hand | 54/58 | €0 | €4,037 | +€4,037 | |
| Total equity and liabilities | 10/49 | €196,035 | €237,992 | +€41,957 | +21.4% |
| Equity | 10/15 | €175,292 | €182,796 | +€7,505 | +4.3% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €168,992 | €176,496 | +€7,505 | +4.4% |
| Distributable reserves | 133 | €168,992 | €176,496 | +€7,505 | +4.4% |
| Amounts payable | 17/49 | €20,743 | €55,195 | +€34,452 | +166% |
| Amounts payable after more than one year | 17 | €885 | €28,799 | +€27,914 | +3,154% |
| Financial debts | 170/4 | €885 | €28,799 | +€27,914 | +3,154% |
| Amounts payable within one year | 42/48 | €19,858 | €26,397 | +€6,538 | +32.9% |
| Current portion of amounts payable after more than one year | 42 | €3,636 | €9,491 | +€5,855 | +161% |
| Financial debts | 43 | €5,409 | €311 | -€5,098 | -94.3% |
| Credit institutions | 430/8 | €5,409 | €311 | -€5,098 | -94.3% |
| Trade debts | 44 | €2,864 | €5,553 | +€2,689 | +93.9% |
| Suppliers | 440/4 | €2,864 | €5,553 | +€2,689 | +93.9% |
| Taxes, remuneration and social security | 45 | €7,949 | €11,042 | +€3,093 | +38.9% |
| Taxes | 450/3 | €6,755 | €10,234 | +€3,480 | +51.5% |
| Remuneration and social security | 454/9 | €1,195 | €807 | -€387 | -32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,514 | €7,817 | +€303 | +4.0% |
| Other operating charges | 640/8 | €527 | €274 | -€253 | -48.0% |
| Non-recurring operating charges | 66A | - | €3,421 | +€3,421 | |
| Gross operating margin | 9900 | €29,950 | €23,232 | -€6,719 | -22.4% |
| Operating profit (loss) | 9901 | €21,909 | €11,719 | -€10,190 | -46.5% |
| Financial income | 75/76B | €31 | €8,846 | +€8,815 | +28,743% |
| Recurring financial income | 75 | €31 | €8,846 | +€8,815 | +28,743% |
| Financial charges | 65/66B | €5,569 | €8,758 | +€3,190 | +57.3% |
| Recurring financial charges | 65 | €5,569 | €8,758 | +€3,190 | +57.3% |
| Profit (loss) for the period before taxes | 9903 | €16,371 | €11,807 | -€4,564 | -27.9% |
| Income taxes | 67/77 | €5,959 | €4,302 | -€1,657 | -27.8% |
| Profit (loss) for the period | 9904 | €10,412 | €7,505 | -€2,907 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,412 | €7,505 | -€2,907 | -27.9% |
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 22 October 2026 via checked.be.