K ROUGE: 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.
K ROUGE
Largest movements
- Tangible fixed assets -€5,270
down €5,270 (-25.8%), from €20,432 to €15,162
of which Furniture and vehicles: -€5,190
- Receivables within one year +€1,410
up €1,410 (+25.0%), from €5,644 to €7,054
of which Other amounts receivable: +€1,297
- Other debts -€2,422
down €2,422 (-13.9%), from €17,434 to €15,012
- Trade debts -€1,316
down €1,316 (-51.3%), from €2,566 to €1,250
- Profit (loss) carried forward -€792
down €792 (-69.8%), from -€1,135 to -€1,927
- Short-term financial debts +€630
up €630 (+53.1%), from €1,187 to €1,817
- Gross operating margin +€1,651
up €1,651 (+42.4%), from €3,897 to €5,548
- Financial charges +€244
up €244 (+49.0%), from €498 to €742
- Other operating charges +€58
up €58 (+19.5%), from €297 to €355
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 | €26,896 | €22,996 | -€3,900 | -14.5% |
| Fixed assets | 21/28 | €20,432 | €15,162 | -€5,270 | -25.8% |
| Tangible fixed assets | 22/27 | €20,432 | €15,162 | -€5,270 | -25.8% |
| Plant, machinery and equipment | 23 | €241 | €161 | -€80 | -33.2% |
| Furniture and vehicles | 24 | €20,191 | €15,001 | -€5,190 | -25.7% |
| Current assets | 29/58 | €6,464 | €7,834 | +€1,370 | +21.2% |
| Amounts receivable within one year | 40/41 | €5,644 | €7,054 | +€1,410 | +25.0% |
| Trade receivables | 40 | €5,644 | €5,757 | +€113 | +2.0% |
| Other amounts receivable | 41 | - | €1,297 | +€1,297 | |
| Cash at bank and in hand | 54/58 | €160 | €160 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €660 | €620 | -€40 | -6.1% |
| Total equity and liabilities | 10/49 | €26,896 | €22,996 | -€3,900 | -14.5% |
| Equity | 10/15 | €5,709 | €4,917 | -€792 | -13.9% |
| Contributions | 10/11 | €6,844 | €6,844 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,135 | -€1,927 | -€792 | -69.8% |
| Amounts payable | 17/49 | €21,187 | €18,079 | -€3,108 | -14.7% |
| Amounts payable within one year | 42/48 | €21,187 | €18,079 | -€3,108 | -14.7% |
| Financial debts | 43 | €1,187 | €1,817 | +€630 | +53.1% |
| Credit institutions | 430/8 | €1,187 | €1,817 | +€630 | +53.1% |
| Trade debts | 44 | €2,566 | €1,250 | -€1,316 | -51.3% |
| Suppliers | 440/4 | €2,566 | €1,250 | -€1,316 | -51.3% |
| Other amounts payable | 47/48 | €17,434 | €15,012 | -€2,422 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,270 | €5,270 | = | 0.0% |
| Other operating charges | 640/8 | €297 | €355 | +€58 | +19.5% |
| Gross operating margin | 9900 | €3,897 | €5,548 | +€1,651 | +42.4% |
| Operating profit (loss) | 9901 | -€1,670 | -€77 | +€1,593 | +95.4% |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €498 | €742 | +€244 | +49.0% |
| Recurring financial charges | 65 | €498 | €742 | +€244 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,168 | -€792 | +€1,376 | +63.5% |
| Profit (loss) for the period | 9904 | -€2,168 | -€792 | +€1,376 | +63.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,168 | -€792 | +€1,376 | +63.5% |
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 2 October 2026 via checked.be.