ROCAF: 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.
ROCAF
Largest movements
- Receivables within one year +€644,423
up €644,423 (+138.2%), from €466,465 to €1.1m
of which Other amounts receivable: +€545,211
- Tangible fixed assets -€506,844
down €506,844 (-21.9%), from €2.3m to €1.8m
of which Land and buildings: -€499,674
- Cash +€95,480
up €95,480 (+38917.3%), from €245 to €95,725
mainly Investment in fixed assets (net) (+€447,496) and Net result for the year (+€437,406)
- Reserves +€437,406
up €437,406 (+11.6%), from €3.8m to €4.2m
of which Tax-exempt reserves: +€436,872
- Short-term financial debts -€307,892
down €307,892 (-100.0%), from €307,892 to €0
- Provisions +€145,624
new in 2025: €145,624
- Other operating income +€608,742
up €608,742 (+1412.9%), from €43,085 to €651,826
- Financial charges +€32,374
up €32,374 (+449.3%), from €7,205 to €39,579
- Turnover +€20,000
up €20,000 (+20.0%), from €100,000 to €120,000
- Depreciation +€7,502
up €7,502 (+14.5%), from €51,846 to €59,348
- Other operating charges +€7,112
up €7,112 (+74.5%), from €9,551 to €16,664
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 | €4,242,509 | €4,475,823 | +€233,314 | +5.5% |
| Fixed assets | 21/28 | €3,273,807 | €2,766,963 | -€506,844 | -15.5% |
| Tangible fixed assets | 22/27 | €2,318,661 | €1,811,817 | -€506,844 | -21.9% |
| Land and buildings | 22 | €2,270,614 | €1,770,940 | -€499,674 | -22.0% |
| Plant, machinery and equipment | 23 | €45,741 | €38,842 | -€6,899 | -15.1% |
| Furniture and vehicles | 24 | €2,306 | €2,035 | -€271 | -11.8% |
| Financial fixed assets | 28 | €955,146 | €955,146 | = | 0.0% |
| Affiliated companies | 280/1 | €955,146 | €955,146 | = | 0.0% |
| Participating interests | 280 | €955,146 | €955,146 | = | 0.0% |
| Current assets | 29/58 | €968,702 | €1,708,860 | +€740,158 | +76.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €466,465 | €1,110,889 | +€644,423 | +138.2% |
| Trade receivables | 40 | €102,076 | €201,288 | +€99,212 | +97.2% |
| Other amounts receivable | 41 | €364,389 | €909,600 | +€545,211 | +149.6% |
| Current investments | 50/53 | €500,000 | €500,000 | = | 0.0% |
| Own shares | 50 | €500,000 | €500,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €245 | €95,725 | +€95,480 | +38917.3% |
| Deferred charges and accrued income | 490/1 | €1,992 | €2,247 | +€255 | +12.8% |
| Total equity and liabilities | 10/49 | €4,242,509 | €4,475,823 | +€233,314 | +5.5% |
| Equity | 10/15 | €3,827,578 | €4,264,984 | +€437,406 | +11.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,765,578 | €4,202,984 | +€437,406 | +11.6% |
| Non-distributable reserves | 130/1 | €506,200 | €506,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Own shares acquired | 1312 | €500,000 | €500,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €474,372 | +€436,872 | +1165.0% |
| Distributable reserves | 133 | €3,221,878 | €3,222,412 | +€534 | 0.0% |
| Provisions and deferred taxes | 16 | - | €145,624 | +€145,624 | |
| Deferred taxes | 168 | - | €145,624 | +€145,624 | |
| Amounts payable | 17/49 | €414,932 | €65,215 | -€349,716 | -84.3% |
| Amounts payable within one year | 42/48 | €411,022 | €65,215 | -€345,806 | -84.1% |
| Financial debts | 43 | €307,892 | €0 | -€307,892 | -100.0% |
| Credit institutions | 430/8 | €307,892 | €0 | -€307,892 | -100.0% |
| Trade debts | 44 | €41,967 | €1,171 | -€40,796 | -97.2% |
| Suppliers | 440/4 | €41,967 | €1,171 | -€40,796 | -97.2% |
| Taxes, remuneration and social security | 45 | €1,715 | €2,607 | +€892 | +52.0% |
| Taxes | 450/3 | €1,715 | €2,607 | +€892 | +52.0% |
| Other amounts payable | 47/48 | €59,448 | €61,437 | +€1,990 | +3.3% |
| Accrued charges and deferred income | 492/3 | €3,910 | €0 | -€3,910 | -100.0% |
| Operating income | 70/76A | €143,085 | €771,826 | +€628,742 | +439.4% |
| Turnover | 70 | €100,000 | €120,000 | +€20,000 | +20.0% |
| Other operating income | 74 | €43,085 | €651,826 | +€608,742 | +1412.9% |
| Operating charges | 60/66A | €156,956 | €165,655 | +€8,699 | +5.5% |
| Services and other goods | 61 | €95,559 | €89,643 | -€5,915 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,846 | €59,348 | +€7,502 | +14.5% |
| Other operating charges | 640/8 | €9,551 | €16,664 | +€7,112 | +74.5% |
| Operating profit (loss) | 9901 | -€13,871 | €606,171 | +€620,042 | |
| Financial income | 75/76B | €22,771 | €16,438 | -€6,334 | -27.8% |
| Recurring financial income | 75 | €22,771 | €16,438 | -€6,334 | -27.8% |
| Other financial income | 752/9 | €22,771 | €16,438 | -€6,334 | -27.8% |
| Financial charges | 65/66B | €7,205 | €39,579 | +€32,374 | +449.3% |
| Recurring financial charges | 65 | €7,205 | €39,579 | +€32,374 | +449.3% |
| Other financial charges | 652/9 | €7,205 | €39,579 | +€32,374 | +449.3% |
| Profit (loss) for the period before taxes | 9903 | €1,696 | €583,030 | +€581,335 | +34286.9% |
| Transfer from deferred taxes | 780 | - | €7,942 | +€7,942 | |
| Transfer to deferred taxes | 680 | - | €153,566 | +€153,566 | |
| Profit (loss) for the period | 9904 | €1,696 | €437,406 | +€435,711 | +25698.1% |
| Transfer from tax-exempt reserves | 789 | - | €23,827 | +€23,827 | |
| Transfer to tax-exempt reserves | 689 | - | €460,699 | +€460,699 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,696 | €534 | -€1,161 | -68.5% |
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 12 October 2026 via checked.be.