KEEP ON ROCKIN': 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.
KEEP ON ROCKIN'
Largest movements
- Stocks and contracts -€27,027
down €27,027 (-66.9%), from €40,381 to €13,353
- Cash -€6,168
down €6,168 (-14.6%), from €42,145 to €35,977
mainly Net result for the year (-€16,587) and Other debts (-€12,738)
- Reserves -€14,928
down €14,928 (-33.6%), from €44,475 to €29,546
- Other debts -€12,738
down €12,738 (-70.9%), from €17,967 to €5,229
- Trade debts -€3,363
down €3,363 (-69.7%), from €4,826 to €1,464
- Profit (loss) carried forward -€1,659
new in 2025: -€1,659
- Gross operating margin -€13,812
down €13,812, from €236 to -€13,576
- Other operating charges -€301
down €301 (-10.3%), from €2,917 to €2,616
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 | €88,415 | €55,088 | -€33,327 | -37.7% |
| Fixed assets | 21/28 | €5,758 | €5,758 | = | 0.0% |
| Tangible fixed assets | 22/27 | €5,748 | €5,748 | = | 0.0% |
| Land and buildings | 22 | €5,748 | €5,748 | = | 0.0% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €82,657 | €49,330 | -€33,327 | -40.3% |
| Stocks and contracts in progress | 3 | €40,381 | €13,353 | -€27,027 | -66.9% |
| Stocks | 30/36 | €40,381 | €13,353 | -€27,027 | -66.9% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €42,145 | €35,977 | -€6,168 | -14.6% |
| Deferred charges and accrued income | 490/1 | €132 | €0 | -€132 | -100% |
| Total equity and liabilities | 10/49 | €88,415 | €55,088 | -€33,327 | -37.7% |
| Equity | 10/15 | €63,075 | €46,488 | -€16,587 | -26.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,475 | €29,546 | -€14,928 | -33.6% |
| Distributable reserves | 133 | €44,475 | €29,546 | -€14,928 | -33.6% |
| Profit (loss) carried forward | 14 | - | -€1,659 | -€1,659 | |
| Amounts payable | 17/49 | €25,341 | €8,600 | -€16,740 | -66.1% |
| Amounts payable within one year | 42/48 | €25,341 | €8,600 | -€16,740 | -66.1% |
| Trade debts | 44 | €4,826 | €1,464 | -€3,363 | -69.7% |
| Suppliers | 440/4 | €4,826 | €1,464 | -€3,363 | -69.7% |
| Taxes, remuneration and social security | 45 | €2,548 | €1,908 | -€640 | -25.1% |
| Taxes | 450/3 | €2,548 | €1,908 | -€640 | -25.1% |
| Other amounts payable | 47/48 | €17,967 | €5,229 | -€12,738 | -70.9% |
| Other operating charges | 640/8 | €2,917 | €2,616 | -€301 | -10.3% |
| Gross operating margin | 9900 | €236 | -€13,576 | -€13,812 | |
| Operating profit (loss) | 9901 | -€2,681 | -€16,192 | -€13,511 | -504% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €39 | €118 | +€79 | +206% |
| Recurring financial charges | 65 | €39 | €118 | +€79 | +206% |
| Profit (loss) for the period before taxes | 9903 | -€2,720 | -€16,280 | -€13,560 | -499% |
| Income taxes | 67/77 | €300 | €307 | +€7 | +2.3% |
| Profit (loss) for the period | 9904 | -€3,019 | -€16,587 | -€13,567 | -449% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,019 | -€16,587 | -€13,567 | -449% |
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 25 October 2026 via checked.be.