ROCAGEST: 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.
What changed
ROCAGEST
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€39,403
2024 · -€23,883-€15,520
Equity
€214,206
2024 · €253,609-€39,403
Cash
€9,185
2024 · €13,346-€4,161
Balance sheet total
€487,336
2024 · €508,914-€21,578
Largest movements
Assets
- Tangible fixed assets -€7,142
down €7,142 (-25.3%), from €28,211 to €21,069
of which Furniture and vehicles: -€7,818
- Intangible fixed assets -€5,399
down €5,399 (-100%), from €5,399 to €0
Equity and liabilities
- Profit (loss) carried forward -€39,403
down €39,403 (-42.7%), from -€92,211 to -€131,614
- Accrued charges and deferred income +€16,191
up €16,191 (+88.4%), from €18,323 to €34,514
Income statement
- Gross operating margin -€17,250
down €17,250, from €9,303 to -€7,947
- Financial charges -€2,092
down €2,092 (-11.3%), from €18,445 to €16,353
- Other operating charges +€300
up €300 (+282%), from €106 to €406
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.
Result 2024
-€23,883
Gross operating margin
-€17,250
Depreciation
-€22
Other operating charges
-€300
Financial income
-€40
Financial charges
+€2,092
Result 2025
-€39,403
raises the resultlowers the result
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.
From operations
+€1,673
Investment
-€2,156
Financing
-€3,679
Cash 2024
€13,346
From operations (derived)
+€1,673
Net result for the year
-€39,403
Depreciation
+€14,696
Receivables within one year
+€5,035
Deferred charges and accrued income
-€158
Trade debts
+€4,422
Tax, wage and social debts
+€890
Accrued charges and deferred income
+€16,191
Investment (derived)
-€2,156
Investment in fixed assets (net)
-€2,156
Financing
-€3,679
Debts after one year
-€3,679
Cash 2025
€9,185
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €508,914 | €487,336 | -€21,578 | -4.2% |
| Fixed assets | 21/28 | €410,988 | €398,447 | -€12,540 | -3.1% |
| Intangible fixed assets | 21 | €5,399 | €0 | -€5,399 | -100% |
| Tangible fixed assets | 22/27 | €28,211 | €21,069 | -€7,142 | -25.3% |
| Plant, machinery and equipment | 23 | €2,682 | €4,074 | +€1,392 | +51.9% |
| Furniture and vehicles | 24 | €23,184 | €15,366 | -€7,818 | -33.7% |
| Other tangible fixed assets | 26 | €2,346 | €1,629 | -€716 | -30.5% |
| Financial fixed assets | 28 | €377,378 | €377,378 | = | 0.0% |
| Current assets | 29/58 | €97,926 | €88,888 | -€9,038 | -9.2% |
| Amounts receivable after more than one year | 29 | €35,280 | €35,280 | = | 0.0% |
| Other amounts receivable | 291 | €35,280 | €35,280 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,300 | €44,265 | -€5,035 | -10.2% |
| Trade receivables | 40 | €14,520 | €13,260 | -€1,260 | -8.7% |
| Other amounts receivable | 41 | €34,780 | €31,005 | -€3,775 | -10.9% |
| Cash at bank and in hand | 54/58 | €13,346 | €9,185 | -€4,161 | -31.2% |
| Deferred charges and accrued income | 490/1 | €0 | €158 | +€158 | |
| Total equity and liabilities | 10/49 | €508,914 | €487,336 | -€21,578 | -4.2% |
| Equity | 10/15 | €253,609 | €214,206 | -€39,403 | -15.5% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Revaluation surpluses | 12 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €820 | €820 | = | 0.0% |
| Tax-exempt reserves | 132 | €759 | €759 | = | 0.0% |
| Distributable reserves | 133 | €61 | €61 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,211 | -€131,614 | -€39,403 | -42.7% |
| Amounts payable | 17/49 | €255,305 | €273,130 | +€17,824 | +7.0% |
| Amounts payable after more than one year | 17 | €229,923 | €226,244 | -€3,679 | -1.6% |
| Other amounts payable | 178/9 | €229,923 | €226,244 | -€3,679 | -1.6% |
| Amounts payable within one year | 42/48 | €7,060 | €12,372 | +€5,312 | +75.2% |
| Trade debts | 44 | €1,098 | €5,519 | +€4,422 | +403% |
| Suppliers | 440/4 | €1,098 | €5,519 | +€4,422 | +403% |
| Taxes, remuneration and social security | 45 | €5,962 | €6,853 | +€890 | +14.9% |
| Taxes | 450/3 | €2,999 | €3,890 | +€890 | +29.7% |
| Remuneration and social security | 454/9 | €2,963 | €2,963 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €18,323 | €34,514 | +€16,191 | +88.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,674 | €14,696 | +€22 | +0.2% |
| Other operating charges | 640/8 | €106 | €406 | +€300 | +282% |
| Gross operating margin | 9900 | €9,303 | -€7,947 | -€17,250 | |
| Operating profit (loss) | 9901 | -€5,477 | -€23,049 | -€17,572 | -321% |
| Financial income | 75/76B | €40 | €0 | -€40 | -100% |
| Recurring financial income | 75 | €40 | €0 | -€40 | -100% |
| Financial charges | 65/66B | €18,445 | €16,353 | -€2,092 | -11.3% |
| Recurring financial charges | 65 | €18,445 | €16,353 | -€2,092 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€23,883 | -€39,403 | -€15,520 | -65.0% |
| Profit (loss) for the period | 9904 | -€23,883 | -€39,403 | -€15,520 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,883 | -€39,403 | -€15,520 | -65.0% |
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 18 October 2026 via checked.be.