Muriel ROCOUR: 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.
Muriel ROCOUR
Largest movements
- Cash -€59,966
down €59,966 (-51.7%), from €115,981 to €56,015
mainly Investment in fixed assets (net) (-€28,647) and Other debts (-€28,323)
- Tangible fixed assets +€26,047
up €26,047 (+4,074%), from €639 to €26,687
- Other debts -€28,323
down €28,323 (-65.6%), from €43,146 to €14,824
- Reserves -€3,073
down €3,073 (-12.4%), from €24,855 to €21,781
- Gross operating margin +€15,979
up €15,979 (+390%), from €4,093 to €20,072
- Taxes +€4,286
up €4,286 (+454%), from €943 to €5,230
- Depreciation +€1,969
up €1,969 (+312%), from €631 to €2,600
- Financial charges -€848
down €848 (-67.3%), from €1,260 to €411
- Financial income +€568
up €568 (+249%), from €228 to €796
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 | €123,083 | €90,751 | -€32,333 | -26.3% |
| Fixed assets | 21/28 | €639 | €26,687 | +€26,047 | +4,074% |
| Tangible fixed assets | 22/27 | €639 | €26,687 | +€26,047 | +4,074% |
| Furniture and vehicles | 24 | €639 | €26,687 | +€26,047 | +4,074% |
| Current assets | 29/58 | €122,444 | €64,064 | -€58,380 | -47.7% |
| Amounts receivable within one year | 40/41 | €5,334 | €6,384 | +€1,050 | +19.7% |
| Trade receivables | 40 | €4,277 | €4,957 | +€680 | +15.9% |
| Other amounts receivable | 41 | €1,057 | €1,427 | +€370 | +35.1% |
| Current investments | 50/53 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €115,981 | €56,015 | -€59,966 | -51.7% |
| Deferred charges and accrued income | 490/1 | €629 | €1,165 | +€536 | +85.3% |
| Total equity and liabilities | 10/49 | €123,083 | €90,751 | -€32,333 | -26.3% |
| Equity | 10/15 | €73,585 | €70,512 | -€3,073 | -4.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €24,855 | €21,781 | -€3,073 | -12.4% |
| Distributable reserves | 133 | €24,855 | €21,781 | -€3,073 | -12.4% |
| Profit (loss) carried forward | 14 | €36,330 | €36,330 | = | 0.0% |
| Amounts payable | 17/49 | €49,498 | €20,239 | -€29,259 | -59.1% |
| Amounts payable within one year | 42/48 | €49,498 | €20,239 | -€29,259 | -59.1% |
| Trade debts | 44 | €37 | €81 | +€44 | +118% |
| Suppliers | 440/4 | €37 | €81 | +€44 | +118% |
| Taxes, remuneration and social security | 45 | €6,315 | €5,334 | -€980 | -15.5% |
| Taxes | 450/3 | €4,679 | €3,699 | -€980 | -21.0% |
| Remuneration and social security | 454/9 | €1,636 | €1,636 | = | 0.0% |
| Other amounts payable | 47/48 | €43,146 | €14,824 | -€28,323 | -65.6% |
| Non-recurring operating income | 76A | - | €1,405 | +€1,405 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €631 | €2,600 | +€1,969 | +312% |
| Other operating charges | 640/8 | €780 | €400 | -€380 | -48.8% |
| Gross operating margin | 9900 | €4,093 | €20,072 | +€15,979 | +390% |
| Operating profit (loss) | 9901 | €2,681 | €17,072 | +€14,391 | +537% |
| Financial income | 75/76B | €228 | €796 | +€568 | +249% |
| Recurring financial income | 75 | €228 | €796 | +€568 | +249% |
| Financial charges | 65/66B | €1,260 | €411 | -€848 | -67.3% |
| Recurring financial charges | 65 | €1,260 | €411 | -€848 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | €1,649 | €17,457 | +€15,808 | +958% |
| Income taxes | 67/77 | €943 | €5,230 | +€4,286 | +454% |
| Profit (loss) for the period | 9904 | €706 | €12,227 | +€11,521 | +1,632% |
| Profit (loss) for the period to be appropriated | 9905 | €706 | €12,227 | +€11,521 | +1,632% |
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 14 October 2026 via checked.be.