COUNTRY ROADS: what changed
COUNTRY ROADS
Largest movements
- Tangible fixed assets -€51,544
down €51,544 (-63.4%), from €81,252 to €29,708
- Receivables within one year -€6,495
down €6,495 (-78.7%), from €8,254 to €1,759
of which Trade receivables: -€6,629
- Cash +€3,412
up €3,412 (+154%), from €2,209 to €5,621
- Stocks and contracts -€2,016
down €2,016 (-5.8%), from €34,641 to €32,625
- Debts after one year -€37,088
down €37,088 (-78.8%), from €47,088 to €10,000
- Profit (loss) carried forward -€30,085
down €30,085 (-24.1%), from -€124,842 to -€154,927
- Other debts +€23,051
up €23,051 (+20.1%), from €114,834 to €137,885
- Current portion of long-term debt -€7,241
down €7,241 (-25.9%), from €27,928 to €20,687
- Trade debts -€4,546
down €4,546 (-23.6%), from €19,238 to €14,693
- Staff costs +€14,768
up €14,768 (+46.1%), from €32,046 to €46,813
- Gross operating margin +€11,280
up €11,280 (+19.7%), from €57,302 to €68,581
- Depreciation +€9,663
up €9,663 (+26.2%), from €36,843 to €46,506
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,015 | €75,788 | -€58,227 | -43.4% |
| Fixed assets | 21/28 | €86,461 | €33,620 | -€52,841 | -61.1% |
| Intangible fixed assets | 21 | €1,297 | - | -€1,297 | |
| Tangible fixed assets | 22/27 | €81,252 | €29,708 | -€51,544 | -63.4% |
| Plant, machinery and equipment | 23 | €34,684 | €14,929 | -€19,755 | -57.0% |
| Furniture and vehicles | 24 | €28,235 | €10,941 | -€17,294 | -61.3% |
| Leasing and similar rights | 25 | €18,333 | €3,838 | -€14,496 | -79.1% |
| Financial fixed assets | 28 | €3,912 | €3,912 | = | 0.0% |
| Current assets | 29/58 | €47,554 | €42,168 | -€5,386 | -11.3% |
| Stocks and contracts in progress | 3 | €34,641 | €32,625 | -€2,016 | -5.8% |
| Stocks | 30/36 | €34,641 | €32,625 | -€2,016 | -5.8% |
| Amounts receivable within one year | 40/41 | €8,254 | €1,759 | -€6,495 | -78.7% |
| Trade receivables | 40 | €7,798 | €1,169 | -€6,629 | -85.0% |
| Other amounts receivable | 41 | €456 | €590 | +€134 | +29.5% |
| Cash at bank and in hand | 54/58 | €2,209 | €5,621 | +€3,412 | +154% |
| Deferred charges and accrued income | 490/1 | €2,450 | €2,163 | -€287 | -11.7% |
| Total equity and liabilities | 10/49 | €134,015 | €75,788 | -€58,227 | -43.4% |
| Equity | 10/15 | -€78,342 | -€108,427 | -€30,085 | -38.4% |
| Contributions | 10/11 | €46,500 | €46,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€124,842 | -€154,927 | -€30,085 | -24.1% |
| Amounts payable | 17/49 | €212,358 | €184,215 | -€28,142 | -13.3% |
| Amounts payable after more than one year | 17 | €47,088 | €10,000 | -€37,088 | -78.8% |
| Financial debts | 170/4 | €47,088 | €10,000 | -€37,088 | -78.8% |
| Amounts payable within one year | 42/48 | €165,269 | €174,215 | +€8,946 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €27,928 | €20,687 | -€7,241 | -25.9% |
| Trade debts | 44 | €19,238 | €14,693 | -€4,546 | -23.6% |
| Suppliers | 440/4 | €19,238 | €14,693 | -€4,546 | -23.6% |
| Taxes, remuneration and social security | 45 | €3,269 | €950 | -€2,318 | -70.9% |
| Taxes | 450/3 | €1,697 | €950 | -€747 | -44.0% |
| Remuneration and social security | 454/9 | €1,572 | - | -€1,572 | |
| Other amounts payable | 47/48 | €114,834 | €137,885 | +€23,051 | +20.1% |
| Non-recurring operating income | 76A | €2,025 | - | -€2,025 | |
| Remuneration, social security and pensions | 62 | €32,046 | €46,813 | +€14,768 | +46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,843 | €46,506 | +€9,663 | +26.2% |
| Other operating charges | 640/8 | €2,002 | €1,559 | -€442 | -22.1% |
| Gross operating margin | 9900 | €57,302 | €68,581 | +€11,280 | +19.7% |
| Operating profit (loss) | 9901 | -€13,588 | -€26,297 | -€12,708 | -93.5% |
| Financial income | 75/76B | €273 | - | -€273 | |
| Recurring financial income | 75 | €273 | - | -€273 | |
| Financial charges | 65/66B | €4,148 | €3,788 | -€360 | -8.7% |
| Recurring financial charges | 65 | €4,148 | €3,788 | -€360 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,464 | -€30,085 | -€12,621 | -72.3% |
| Profit (loss) for the period | 9904 | -€17,464 | -€30,085 | -€12,621 | -72.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,464 | -€30,085 | -€12,621 | -72.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.