Rocade Invest: what changed
Rocade Invest
Largest movements
- Stocks and contracts +€2.1m
up €2.1m (+89.6%), from €2.3m to €4.4m
- Cash +€149,141
up €149,141 (+52.2%), from €285,521 to €434,662
mainly Advances received (+€1.4m) and Debts after one year (+€616,073)
- Receivables within one year -€92,224
down €92,224 (-69.8%), from €132,134 to €39,910
of which Other amounts receivable: -€128,040
- Advances received +€1.4m
up €1.4m (+151%), from €910,689 to €2.3m
- Debts after one year +€616,073
up €616,073 (+45.8%), from €1.3m to €2.0m
of which Other amounts payable: +€512,534
- Tax, wage and social debts +€75,105
new in 2025: €75,105
- Profit (loss) carried forward -€62,243
down €62,243, from €46,687 to -€15,556
- Short-term financial debts +€50,000
up €50,000 (+22.7%), from €220,000 to €270,000
- Financial income +€14,406
up €14,406 (+4,390%), from €328 to €14,734
- Gross operating margin -€14,315
down €14,315 (-36.2%), from -€39,528 to -€53,843
- Financial charges +€3,547
up €3,547 (+306%), from €1,161 to €4,708
- Depreciation +€1,342
up €1,342 (+8.6%), from €15,581 to €16,924
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,783,438 | €4,888,441 | +€2.1m | +75.6% |
| Fixed assets | 21/28 | €66,537 | €53,903 | -€12,634 | -19.0% |
| Tangible fixed assets | 22/27 | €65,305 | €48,381 | -€16,924 | -25.9% |
| Plant, machinery and equipment | 23 | €19,787 | €15,818 | -€3,969 | -20.1% |
| Furniture and vehicles | 24 | €45,518 | €32,563 | -€12,954 | -28.5% |
| Financial fixed assets | 28 | €1,232 | €5,522 | +€4,290 | +348% |
| Current assets | 29/58 | €2,716,901 | €4,834,538 | +€2.1m | +77.9% |
| Stocks and contracts in progress | 3 | €2,299,247 | €4,359,966 | +€2.1m | +89.6% |
| Stocks | 30/36 | €2,299,247 | €4,359,966 | +€2.1m | +89.6% |
| Amounts receivable within one year | 40/41 | €132,134 | €39,910 | -€92,224 | -69.8% |
| Trade receivables | 40 | €3,717 | €39,533 | +€35,816 | +963% |
| Other amounts receivable | 41 | €128,416 | €377 | -€128,040 | -99.7% |
| Cash at bank and in hand | 54/58 | €285,521 | €434,662 | +€149,141 | +52.2% |
| Total equity and liabilities | 10/49 | €2,783,438 | €4,888,441 | +€2.1m | +75.6% |
| Equity | 10/15 | €101,687 | €39,444 | -€62,243 | -61.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,687 | -€15,556 | -€62,243 | |
| Amounts payable | 17/49 | €2,681,751 | €4,848,996 | +€2.2m | +80.8% |
| Amounts payable after more than one year | 17 | €1,346,410 | €1,962,484 | +€616,073 | +45.8% |
| Financial debts | 170/4 | - | €103,539 | +€103,539 | |
| Other amounts payable | 178/9 | €1,346,410 | €1,858,944 | +€512,534 | +38.1% |
| Amounts payable within one year | 42/48 | €1,293,560 | €2,844,732 | +€1.6m | +120% |
| Financial debts | 43 | €220,000 | €270,000 | +€50,000 | +22.7% |
| Credit institutions | 430/8 | €220,000 | €270,000 | +€50,000 | +22.7% |
| Trade debts | 44 | €97,091 | €140,234 | +€43,143 | +44.4% |
| Suppliers | 440/4 | €97,091 | €140,234 | +€43,143 | +44.4% |
| Advances received on contracts in progress | 46 | €910,689 | €2,289,682 | +€1.4m | +151% |
| Taxes, remuneration and social security | 45 | - | €75,105 | +€75,105 | |
| Taxes | 450/3 | - | €75,105 | +€75,105 | |
| Other amounts payable | 47/48 | €65,780 | €69,711 | +€3,932 | +6.0% |
| Accrued charges and deferred income | 492/3 | €41,781 | €41,781 | = | 0.0% |
| Non-recurring operating income | 76A | €9 | €0 | -€9 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,581 | €16,924 | +€1,342 | +8.6% |
| Other operating charges | 640/8 | €1,463 | €1,503 | +€40 | +2.7% |
| Gross operating margin | 9900 | -€39,528 | -€53,843 | -€14,315 | -36.2% |
| Operating profit (loss) | 9901 | -€56,572 | -€72,270 | -€15,697 | -27.7% |
| Financial income | 75/76B | €328 | €14,734 | +€14,406 | +4,390% |
| Recurring financial income | 75 | €328 | €14,734 | +€14,406 | +4,390% |
| Financial charges | 65/66B | €1,161 | €4,708 | +€3,547 | +306% |
| Recurring financial charges | 65 | €1,161 | €4,708 | +€3,547 | +306% |
| Profit (loss) for the period before taxes | 9903 | -€57,405 | -€62,243 | -€4,838 | -8.4% |
| Profit (loss) for the period | 9904 | -€57,405 | -€62,243 | -€4,838 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,405 | -€62,243 | -€4,838 | -8.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.