HM I Rococo: what changed
Two fiscal 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.
HM I Rococo
Largest movements
- Cash -€47,328
down €47,328 (-25.2%), from €188,028 to €140,700
mainly Debts after one year (-€81,376) and Investment in fixed assets (net) (-€19,168)
- Debts after one year -€81,376
down €81,376 (-3.8%), from €2.2m to €2.1m
- Gross operating margin +€132,218
up €132,218 (+902.3%), from €14,654 to €146,872
- Depreciation -€35,360
down €35,360 (-45.5%), from €77,753 to €42,394
- Financial charges -€32,746
down €32,746 (-29.0%), from €112,793 to €80,047
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.
Cash bridge derived
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 | €2,693,012 | €2,636,396 | -€56,616 | -2.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,504,983 | €2,481,758 | -€23,225 | -0.9% |
| Tangible fixed assets | 22/27 | €2,504,983 | €2,481,758 | -€23,225 | -0.9% |
| Land and buildings | 22 | €2,504,983 | €2,481,758 | -€23,225 | -0.9% |
| Current assets | 29/58 | €188,028 | €154,638 | -€33,391 | -17.8% |
| Amounts receivable within one year | 40/41 | - | €9,930 | +€9,930 | |
| Trade receivables | 40 | - | €9,930 | +€9,930 | |
| Cash at bank and in hand | 54/58 | €188,028 | €140,700 | -€47,328 | -25.2% |
| Deferred charges and accrued income | 490/1 | - | €4,008 | +€4,008 | |
| Total equity and liabilities | 10/49 | €2,693,012 | €2,636,396 | -€56,616 | -2.1% |
| Equity | 10/15 | €435,472 | €449,152 | +€13,680 | +3.1% |
| Contributions | 10/11 | €624,812 | €624,812 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€189,340 | -€175,660 | +€13,680 | +7.2% |
| Amounts payable | 17/49 | €2,257,540 | €2,187,244 | -€70,296 | -3.1% |
| Amounts payable after more than one year | 17 | €2,165,081 | €2,083,705 | -€81,376 | -3.8% |
| Financial debts | 170/4 | €2,165,081 | €2,083,705 | -€81,376 | -3.8% |
| Amounts payable within one year | 42/48 | €92,459 | €103,529 | +€11,070 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €78,504 | €81,376 | +€2,873 | +3.7% |
| Trade debts | 44 | €13,955 | €22,153 | +€8,198 | +58.7% |
| Suppliers | 440/4 | €13,955 | €22,153 | +€8,198 | +58.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €10 | +€10 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,753 | €42,394 | -€35,360 | -45.5% |
| Other operating charges | 640/8 | €10,313 | €10,751 | +€438 | +4.2% |
| Gross operating margin | 9900 | €14,654 | €146,872 | +€132,218 | +902.3% |
| Operating profit (loss) | 9901 | -€73,413 | €93,727 | +€167,140 | |
| Financial charges | 65/66B | €112,793 | €80,047 | -€32,746 | -29.0% |
| Recurring financial charges | 65 | €112,793 | €80,047 | -€32,746 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | -€186,206 | €13,680 | +€199,887 | |
| Profit (loss) for the period | 9904 | -€186,206 | €13,680 | +€199,887 | |
| Profit (loss) for the period to be appropriated | 9905 | -€186,206 | €13,680 | +€199,887 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.