ROCA: 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.
ROCA
Largest movements
- Current investments +€87,562
up €87,562 (+2399.0%), from €3,650 to €91,212
- Tangible fixed assets -€87,492
down €87,492 (-7.8%), from €1.1m to €1.0m
- Other debts +€268,089
up €268,089 (+962.2%), from €27,862 to €295,950
- Reserves -€203,741
down €203,741 (-22.6%), from €901,034 to €697,293
- Debts after one year -€81,346
down €81,346 (-9.1%), from €890,623 to €809,276
- Short-term financial debts -€29,742
down €29,742 (-100.0%), from €29,742 to €0
- Tax, wage and social debts +€21,010
up €21,010 (+144.3%), from €14,561 to €35,571
- Gross operating margin -€22,270
down €22,270 (-8.3%), from €267,055 to €244,785
- Other operating charges +€14,683
up €14,683 (+114.3%), from €12,848 to €27,532
- Taxes -€9,391
down €9,391 (-21.2%), from €44,340 to €34,949
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,957,299 | €1,949,813 | -€7,485 | -0.4% |
| Fixed assets | 21/28 | €1,662,586 | €1,575,094 | -€87,492 | -5.3% |
| Tangible fixed assets | 22/27 | €1,122,586 | €1,035,094 | -€87,492 | -7.8% |
| Land and buildings | 22 | €1,037,343 | €994,568 | -€42,775 | -4.1% |
| Plant, machinery and equipment | 23 | €5,961 | €4,305 | -€1,656 | -27.8% |
| Furniture and vehicles | 24 | €79,281 | €36,221 | -€43,060 | -54.3% |
| Financial fixed assets | 28 | €540,000 | €540,000 | = | 0.0% |
| Current assets | 29/58 | €294,713 | €374,719 | +€80,006 | +27.1% |
| Amounts receivable within one year | 40/41 | €280,662 | €269,661 | -€11,001 | -3.9% |
| Trade receivables | 40 | €221,403 | €205,216 | -€16,187 | -7.3% |
| Other amounts receivable | 41 | €59,259 | €64,445 | +€5,186 | +8.8% |
| Current investments | 50/53 | €3,650 | €91,212 | +€87,562 | +2399.0% |
| Deferred charges and accrued income | 490/1 | €10,401 | €13,846 | +€3,445 | +33.1% |
| Total equity and liabilities | 10/49 | €1,957,299 | €1,949,813 | -€7,485 | -0.4% |
| Equity | 10/15 | €907,234 | €703,493 | -€203,741 | -22.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €901,034 | €697,293 | -€203,741 | -22.6% |
| Distributable reserves | 133 | €901,034 | €697,293 | -€203,741 | -22.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,050,064 | €1,246,320 | +€196,256 | +18.7% |
| Amounts payable after more than one year | 17 | €890,623 | €809,276 | -€81,346 | -9.1% |
| Financial debts | 170/4 | €890,623 | €809,276 | -€81,346 | -9.1% |
| Amounts payable within one year | 42/48 | €159,442 | €437,044 | +€277,602 | +174.1% |
| Current portion of amounts payable after more than one year | 42 | €81,532 | €81,346 | -€186 | -0.2% |
| Financial debts | 43 | €29,742 | €0 | -€29,742 | -100.0% |
| Credit institutions | 430/8 | €29,742 | €0 | -€29,742 | -100.0% |
| Trade debts | 44 | €5,745 | €24,176 | +€18,431 | +320.8% |
| Suppliers | 440/4 | €5,745 | €24,176 | +€18,431 | +320.8% |
| Taxes, remuneration and social security | 45 | €14,561 | €35,571 | +€21,010 | +144.3% |
| Taxes | 450/3 | €14,561 | €35,571 | +€21,010 | +144.3% |
| Other amounts payable | 47/48 | €27,862 | €295,950 | +€268,089 | +962.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,492 | €87,492 | = | 0.0% |
| Other operating charges | 640/8 | €12,848 | €27,532 | +€14,683 | +114.3% |
| Gross operating margin | 9900 | €267,055 | €244,785 | -€22,270 | -8.3% |
| Operating profit (loss) | 9901 | €166,715 | €129,762 | -€36,953 | -22.2% |
| Financial income | 75/76B | €68 | €0 | -€68 | -99.8% |
| Recurring financial income | 75 | €68 | €0 | -€68 | -99.8% |
| Financial charges | 65/66B | €14,623 | €14,712 | +€89 | +0.6% |
| Recurring financial charges | 65 | €14,623 | €14,712 | +€89 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €152,160 | €115,050 | -€37,111 | -24.4% |
| Income taxes | 67/77 | €44,340 | €34,949 | -€9,391 | -21.2% |
| Profit (loss) for the period | 9904 | €107,821 | €80,101 | -€27,720 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €107,821 | €80,101 | -€27,720 | -25.7% |
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 11 October 2026 via checked.be.