FOTO DE ROECK: 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.
FOTO DE ROECK
Largest movements
- Cash +€109,325
up €109,325 (+49.6%), from €220,209 to €329,533
mainly Current investments (+€75,500) and Net result for the year (+€54,962)
- Current investments -€75,500
down €75,500 (-99.8%), from €75,624 to €124
- Tangible fixed assets +€10,699
up €10,699 (+70.0%), from €15,275 to €25,974
of which Plant, machinery and equipment: +€7,372
- Receivables within one year -€5,479
down €5,479 (-26.9%), from €20,403 to €14,924
of which Trade receivables: -€3,699
- Reserves +€54,962
up €54,962 (+18.3%), from €300,467 to €355,429
of which Distributable reserves: +€54,962
- Contributions -€18,600
down €18,600 (-100%), from €18,600 to €0
- Trade debts -€5,250
down €5,250 (-95.2%), from €5,515 to €265
- Tax, wage and social debts +€4,325
up €4,325 (+61.1%), from €7,075 to €11,400
- Gross operating margin +€6,271
up €6,271 (+7.4%), from €85,216 to €91,486
- Depreciation +€2,346
up €2,346 (+34.0%), from €6,907 to €9,253
- Taxes +€1,332
up €1,332 (+5.3%), from €25,270 to €26,602
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 | €335,179 | €374,132 | +€38,953 | +11.6% |
| Fixed assets | 21/28 | €15,275 | €25,974 | +€10,699 | +70.0% |
| Tangible fixed assets | 22/27 | €15,275 | €25,974 | +€10,699 | +70.0% |
| Plant, machinery and equipment | 23 | €6,896 | €14,268 | +€7,372 | +107% |
| Furniture and vehicles | 24 | €8,380 | €11,706 | +€3,326 | +39.7% |
| Current assets | 29/58 | €319,904 | €348,158 | +€28,255 | +8.8% |
| Stocks and contracts in progress | 3 | €2,157 | €2,157 | = | 0.0% |
| Stocks | 30/36 | €2,157 | €2,157 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,403 | €14,924 | -€5,479 | -26.9% |
| Trade receivables | 40 | €18,173 | €14,474 | -€3,699 | -20.4% |
| Other amounts receivable | 41 | €2,230 | €450 | -€1,780 | -79.8% |
| Current investments | 50/53 | €75,624 | €124 | -€75,500 | -99.8% |
| Cash at bank and in hand | 54/58 | €220,209 | €329,533 | +€109,325 | +49.6% |
| Deferred charges and accrued income | 490/1 | €1,511 | €1,420 | -€91 | -6.0% |
| Total equity and liabilities | 10/49 | €335,179 | €374,132 | +€38,953 | +11.6% |
| Equity | 10/15 | €319,067 | €355,429 | +€36,362 | +11.4% |
| Contributions | 10/11 | €18,600 | €0 | -€18,600 | -100% |
| Reserves | 13 | €300,467 | €355,429 | +€54,962 | +18.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €300,467 | €355,429 | +€54,962 | +18.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,112 | €18,703 | +€2,591 | +16.1% |
| Amounts payable within one year | 42/48 | €16,112 | €18,703 | +€2,591 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,515 | €265 | -€5,250 | -95.2% |
| Suppliers | 440/4 | €5,515 | €265 | -€5,250 | -95.2% |
| Taxes, remuneration and social security | 45 | €7,075 | €11,400 | +€4,325 | +61.1% |
| Taxes | 450/3 | €7,075 | €11,400 | +€4,325 | +61.1% |
| Other amounts payable | 47/48 | €3,522 | €7,037 | +€3,516 | +99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,907 | €9,253 | +€2,346 | +34.0% |
| Other operating charges | 640/8 | €1,343 | €1,381 | +€38 | +2.9% |
| Gross operating margin | 9900 | €85,216 | €91,486 | +€6,271 | +7.4% |
| Operating profit (loss) | 9901 | €76,965 | €80,852 | +€3,887 | +5.0% |
| Financial income | 75/76B | €385 | €826 | +€441 | +114% |
| Recurring financial income | 75 | €385 | €826 | +€441 | +114% |
| Financial charges | 65/66B | €123 | €114 | -€9 | -7.0% |
| Recurring financial charges | 65 | €123 | €114 | -€9 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €77,228 | €81,564 | +€4,336 | +5.6% |
| Income taxes | 67/77 | €25,270 | €26,602 | +€1,332 | +5.3% |
| Profit (loss) for the period | 9904 | €51,958 | €54,962 | +€3,004 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,958 | €54,962 | +€3,004 | +5.8% |
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 20 October 2026 via checked.be.