DR. DE ROECK TOM: 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.
DR. DE ROECK TOM
Largest movements
- Receivables within one year -€21,740
down €21,740 (-64.8%), from €33,566 to €11,826
of which Trade receivables: -€23,595
- Cash +€11,091
up €11,091 (+4.1%), from €272,043 to €283,134
mainly Net result for the year (+€52,660) and Depreciation (+€22,819)
- Tangible fixed assets -€9,323
down €9,323 (-10.8%), from €86,423 to €77,100
of which Other tangible fixed assets: -€11,469
- Intangible fixed assets -€6,700
down €6,700 (-50.0%), from €13,400 to €6,700
- Deferred charges and accrued income -€5,172
down €5,172 (-11.7%), from €44,305 to €39,133
- Reserves -€32,850
down €32,850 (-7.6%), from €434,214 to €401,364
- Gross operating margin -€15,062
down €15,062 (-12.8%), from €117,616 to €102,553
- Taxes -€12,549
down €12,549 (-35.9%), from €34,990 to €22,441
- Financial charges +€3,285
up €3,285 (+482%), from €681 to €3,966
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €460,091 | €426,725 | -€33,366 | -7.3% |
| Fixed assets | 21/28 | €99,823 | €83,800 | -€16,023 | -16.1% |
| Intangible fixed assets | 21 | €13,400 | €6,700 | -€6,700 | -50.0% |
| Tangible fixed assets | 22/27 | €86,423 | €77,100 | -€9,323 | -10.8% |
| Furniture and vehicles | 24 | €7,951 | €10,097 | +€2,146 | +27.0% |
| Other tangible fixed assets | 26 | €78,472 | €67,003 | -€11,469 | -14.6% |
| Current assets | 29/58 | €360,268 | €342,925 | -€17,343 | -4.8% |
| Amounts receivable after more than one year | 29 | €10,354 | €8,833 | -€1,521 | -14.7% |
| Other amounts receivable | 291 | €10,354 | €8,833 | -€1,521 | -14.7% |
| Amounts receivable within one year | 40/41 | €33,566 | €11,826 | -€21,740 | -64.8% |
| Trade receivables | 40 | €31,000 | €7,405 | -€23,595 | -76.1% |
| Other amounts receivable | 41 | €2,566 | €4,421 | +€1,856 | +72.3% |
| Cash at bank and in hand | 54/58 | €272,043 | €283,134 | +€11,091 | +4.1% |
| Deferred charges and accrued income | 490/1 | €44,305 | €39,133 | -€5,172 | -11.7% |
| Total equity and liabilities | 10/49 | €460,091 | €426,725 | -€33,366 | -7.3% |
| Equity | 10/15 | €439,469 | €406,630 | -€32,840 | -7.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €434,214 | €401,364 | -€32,850 | -7.6% |
| Distributable reserves | 133 | €434,214 | €401,364 | -€32,850 | -7.6% |
| Profit (loss) carried forward | 14 | €255 | €266 | +€10 | +4.1% |
| Amounts payable | 17/49 | €20,622 | €20,095 | -€526 | -2.6% |
| Amounts payable within one year | 42/48 | €20,622 | €20,095 | -€526 | -2.6% |
| Financial debts | 43 | €4,627 | €4,597 | -€30 | -0.7% |
| Credit institutions | 430/8 | €4,627 | €4,597 | -€30 | -0.7% |
| Trade debts | 44 | €675 | €3,034 | +€2,359 | +349% |
| Suppliers | 440/4 | €675 | €3,034 | +€2,359 | +349% |
| Taxes, remuneration and social security | 45 | €13,100 | €12,465 | -€635 | -4.8% |
| Taxes | 450/3 | €13,100 | €12,465 | -€635 | -4.8% |
| Other amounts payable | 47/48 | €2,220 | - | -€2,220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,023 | €22,819 | +€796 | +3.6% |
| Other operating charges | 640/8 | €1,310 | €1,086 | -€225 | -17.2% |
| Gross operating margin | 9900 | €117,616 | €102,553 | -€15,062 | -12.8% |
| Operating profit (loss) | 9901 | €94,282 | €78,649 | -€15,634 | -16.6% |
| Financial income | 75/76B | €391 | €419 | +€28 | +7.1% |
| Recurring financial income | 75 | €391 | €419 | +€28 | +7.1% |
| Financial charges | 65/66B | €681 | €3,966 | +€3,285 | +482% |
| Recurring financial charges | 65 | €681 | €3,966 | +€3,285 | +482% |
| Profit (loss) for the period before taxes | 9903 | €93,992 | €75,101 | -€18,891 | -20.1% |
| Income taxes | 67/77 | €34,990 | €22,441 | -€12,549 | -35.9% |
| Profit (loss) for the period | 9904 | €59,003 | €52,660 | -€6,342 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,003 | €52,660 | -€6,342 | -10.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.