DR.W. DE ROUCK: 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.W. DE ROUCK
Largest movements
- Cash +€17,400
up €17,400 (+11.6%), from €149,830 to €167,230
mainly Net result for the year (+€207,427) and Other debts (+€51,400)
- Tangible fixed assets -€11,273
down €11,273 (-25.2%), from €44,742 to €33,469
of which Furniture and vehicles: -€10,340
- Current investments +€7,737
up €7,737 (+49.4%), from €15,657 to €23,394
- Receivables within one year -€4,979
down €4,979 (-4.6%), from €107,606 to €102,627
of which Trade receivables: -€7,498
- Profit (loss) carried forward -€79,573
down €79,573 (-83.0%), from €95,872 to €16,298
- Other debts +€51,400
up €51,400 (+23.2%), from €221,717 to €273,117
- Tax, wage and social debts +€37,500
new in 2025: €37,500
- Gross operating margin -€18,165
down €18,165 (-6.1%), from €297,964 to €279,799
- Depreciation -€5,763
down €5,763 (-33.8%), from €17,035 to €11,273
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 | €319,121 | €327,990 | +€8,869 | +2.8% |
| Fixed assets | 21/28 | €44,742 | €33,469 | -€11,273 | -25.2% |
| Tangible fixed assets | 22/27 | €44,742 | €33,469 | -€11,273 | -25.2% |
| Plant, machinery and equipment | 23 | €1,602 | €669 | -€933 | -58.2% |
| Furniture and vehicles | 24 | €43,140 | €32,800 | -€10,340 | -24.0% |
| Current assets | 29/58 | €274,380 | €294,521 | +€20,142 | +7.3% |
| Amounts receivable within one year | 40/41 | €107,606 | €102,627 | -€4,979 | -4.6% |
| Trade receivables | 40 | €103,889 | €96,391 | -€7,498 | -7.2% |
| Other amounts receivable | 41 | €3,717 | €6,237 | +€2,519 | +67.8% |
| Current investments | 50/53 | €15,657 | €23,394 | +€7,737 | +49.4% |
| Cash at bank and in hand | 54/58 | €149,830 | €167,230 | +€17,400 | +11.6% |
| Deferred charges and accrued income | 490/1 | €1,286 | €1,270 | -€16 | -1.3% |
| Total equity and liabilities | 10/49 | €319,121 | €327,990 | +€8,869 | +2.8% |
| Equity | 10/15 | €95,872 | €16,298 | -€79,573 | -83.0% |
| Profit (loss) carried forward | 14 | €95,872 | €16,298 | -€79,573 | -83.0% |
| Amounts payable | 17/49 | €223,250 | €311,692 | +€88,442 | +39.6% |
| Amounts payable within one year | 42/48 | €223,250 | €311,692 | +€88,442 | +39.6% |
| Trade debts | 44 | €1,533 | €1,075 | -€458 | -29.9% |
| Suppliers | 440/4 | €1,533 | €1,075 | -€458 | -29.9% |
| Taxes, remuneration and social security | 45 | - | €37,500 | +€37,500 | |
| Taxes | 450/3 | - | €37,500 | +€37,500 | |
| Other amounts payable | 47/48 | €221,717 | €273,117 | +€51,400 | +23.2% |
| Non-recurring operating income | 76A | €25,262 | - | -€25,262 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,035 | €11,273 | -€5,763 | -33.8% |
| Other operating charges | 640/8 | €1,571 | €1,043 | -€528 | -33.6% |
| Gross operating margin | 9900 | €297,964 | €279,799 | -€18,165 | -6.1% |
| Operating profit (loss) | 9901 | €279,357 | €267,483 | -€11,874 | -4.3% |
| Financial income | 75/76B | €4,086 | €4,256 | +€170 | +4.2% |
| Recurring financial income | 75 | €4,086 | €4,256 | +€170 | +4.2% |
| Financial charges | 65/66B | €780 | €478 | -€302 | -38.8% |
| Recurring financial charges | 65 | €780 | €478 | -€302 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €282,662 | €271,261 | -€11,401 | -4.0% |
| Income taxes | 67/77 | €64,064 | €63,835 | -€230 | -0.4% |
| Profit (loss) for the period | 9904 | €218,598 | €207,427 | -€11,172 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €218,598 | €207,427 | -€11,172 | -5.1% |
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 30 October 2026 via checked.be.