De Rouck Steven: 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.
De Rouck Steven
Largest movements
- Cash -€43,598
down €43,598 (-47.7%), from €91,485 to €47,887
mainly Contributions, distributions and other (-€43,002) and Other debts (-€35,626)
- Receivables within one year +€11,004
up €11,004 (+45.9%), from €23,956 to €34,960
of which Trade receivables: +€8,247
- Tangible fixed assets -€10,957
down €10,957 (-28.3%), from €38,707 to €27,750
of which Furniture and vehicles: -€9,392
- Other debts -€35,626
down €35,626 (-67.7%), from €52,651 to €17,024
- Current portion of long-term debt -€5,651
no longer reported in 2025 (was €5,651)
- Trade debts -€1,857
down €1,857 (-33.2%), from €5,590 to €3,733
- Gross operating margin -€2,040
down €2,040 (-2.7%), from €76,941 to €74,900
- Depreciation +€1,178
up €1,178 (+7.3%), from €16,227 to €17,405
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 | €154,851 | €111,349 | -€43,501 | -28.1% |
| Fixed assets | 21/28 | €38,707 | €27,750 | -€10,957 | -28.3% |
| Tangible fixed assets | 22/27 | €38,707 | €27,750 | -€10,957 | -28.3% |
| Plant, machinery and equipment | 23 | €5,366 | €3,802 | -€1,565 | -29.2% |
| Furniture and vehicles | 24 | €33,341 | €23,949 | -€9,392 | -28.2% |
| Current assets | 29/58 | €116,144 | €83,599 | -€32,544 | -28.0% |
| Amounts receivable within one year | 40/41 | €23,956 | €34,960 | +€11,004 | +45.9% |
| Trade receivables | 40 | €20,780 | €29,026 | +€8,247 | +39.7% |
| Other amounts receivable | 41 | €3,176 | €5,934 | +€2,758 | +86.8% |
| Cash at bank and in hand | 54/58 | €91,485 | €47,887 | -€43,598 | -47.7% |
| Deferred charges and accrued income | 490/1 | €703 | €752 | +€49 | +7.0% |
| Total equity and liabilities | 10/49 | €154,851 | €111,349 | -€43,501 | -28.1% |
| Equity | 10/15 | €78,242 | €78,242 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €77,242 | €77,242 | = | 0.0% |
| Distributable reserves | 133 | €77,242 | €77,242 | = | 0.0% |
| Amounts payable | 17/49 | €76,609 | €33,108 | -€43,501 | -56.8% |
| Amounts payable within one year | 42/48 | €76,609 | €33,108 | -€43,501 | -56.8% |
| Current portion of amounts payable after more than one year | 42 | €5,651 | - | -€5,651 | |
| Trade debts | 44 | €5,590 | €3,733 | -€1,857 | -33.2% |
| Suppliers | 440/4 | €5,590 | €3,733 | -€1,857 | -33.2% |
| Taxes, remuneration and social security | 45 | €12,717 | €12,350 | -€367 | -2.9% |
| Taxes | 450/3 | €10,070 | €9,670 | -€400 | -4.0% |
| Remuneration and social security | 454/9 | €2,647 | €2,680 | +€33 | +1.2% |
| Other amounts payable | 47/48 | €52,651 | €17,024 | -€35,626 | -67.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,227 | €17,405 | +€1,178 | +7.3% |
| Other operating charges | 640/8 | €1,297 | €1,127 | -€170 | -13.1% |
| Non-recurring operating charges | 66A | - | €999 | +€999 | |
| Gross operating margin | 9900 | €76,941 | €74,900 | -€2,040 | -2.7% |
| Operating profit (loss) | 9901 | €59,417 | €55,369 | -€4,048 | -6.8% |
| Financial charges | 65/66B | €539 | €547 | +€8 | +1.6% |
| Recurring financial charges | 65 | €539 | €547 | +€8 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €58,878 | €54,822 | -€4,056 | -6.9% |
| Income taxes | 67/77 | €12,246 | €11,820 | -€425 | -3.5% |
| Profit (loss) for the period | 9904 | €46,632 | €43,002 | -€3,631 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,632 | €43,002 | -€3,631 | -7.8% |
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 15 October 2026 via checked.be.