ROCHE MADOU: 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.
ROCHE MADOU
Largest movements
- Tangible fixed assets -€168,579
down €168,579 (-9.2%), from €1.8m to €1.7m
of which Plant, machinery and equipment: -€118,133
- Receivables within one year +€51,311
up €51,311 (+8.2%), from €625,896 to €677,207
of which Trade receivables: +€51,826
- Debts after one year -€229,578
down €229,578 (-17.2%), from €1.3m to €1.1m
- Trade debts +€128,799
up €128,799 (+97.1%), from €132,710 to €261,508
- Current portion of long-term debt +€75,043
up €75,043 (+34.3%), from €218,627 to €293,669
- Short-term financial debts -€37,655
down €37,655 (-20.4%), from €184,806 to €147,151
- Investment grants -€34,849
down €34,849 (-7.7%), from €454,402 to €419,553
- Gross operating margin +€54,969
up €54,969 (+17.8%), from €308,943 to €363,912
- Financial charges +€25,357
up €25,357 (+54.4%), from €46,606 to €71,963
- Staff costs +€16,366
up €16,366 (+14.0%), from €116,673 to €133,038
- Financial income -€6,527
down €6,527 (-15.8%), from €41,378 to €34,851
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 | €2,557,146 | €2,450,704 | -€106,442 | -4.2% |
| Fixed assets | 21/28 | €1,830,563 | €1,659,584 | -€170,979 | -9.3% |
| Intangible fixed assets | 21 | €6,141 | €3,741 | -€2,400 | -39.1% |
| Tangible fixed assets | 22/27 | €1,824,262 | €1,655,683 | -€168,579 | -9.2% |
| Land and buildings | 22 | €231,006 | €212,832 | -€18,175 | -7.9% |
| Plant, machinery and equipment | 23 | €1,360,273 | €1,242,140 | -€118,133 | -8.7% |
| Furniture and vehicles | 24 | €232,983 | €200,711 | -€32,272 | -13.9% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €726,583 | €791,120 | +€64,537 | +8.9% |
| Stocks and contracts in progress | 3 | €99,898 | €113,745 | +€13,847 | +13.9% |
| Stocks | 30/36 | €99,898 | €113,745 | +€13,847 | +13.9% |
| Amounts receivable within one year | 40/41 | €625,896 | €677,207 | +€51,311 | +8.2% |
| Trade receivables | 40 | €625,382 | €677,207 | +€51,826 | +8.3% |
| Other amounts receivable | 41 | €514 | - | -€514 | |
| Cash at bank and in hand | 54/58 | €98 | €74 | -€23 | -24.0% |
| Deferred charges and accrued income | 490/1 | €691 | €93 | -€598 | -86.5% |
| Total equity and liabilities | 10/49 | €2,557,146 | €2,450,704 | -€106,442 | -4.2% |
| Equity | 10/15 | €636,098 | €618,164 | -€17,934 | -2.8% |
| Contributions | 10/11 | €96,681 | €96,681 | = | 0.0% |
| Reserves | 13 | €6,445 | €6,445 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,445 | €6,445 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,445 | €6,445 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,570 | €95,485 | +€16,915 | +21.5% |
| Investment grants | 15 | €454,402 | €419,553 | -€34,849 | -7.7% |
| Amounts payable | 17/49 | €1,921,048 | €1,832,540 | -€88,508 | -4.6% |
| Amounts payable after more than one year | 17 | €1,335,099 | €1,105,521 | -€229,578 | -17.2% |
| Financial debts | 170/4 | €1,335,099 | €1,105,521 | -€229,578 | -17.2% |
| Amounts payable within one year | 42/48 | €583,272 | €724,288 | +€141,015 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €218,627 | €293,669 | +€75,043 | +34.3% |
| Financial debts | 43 | €184,806 | €147,151 | -€37,655 | -20.4% |
| Credit institutions | 430/8 | €184,806 | €147,151 | -€37,655 | -20.4% |
| Trade debts | 44 | €132,710 | €261,508 | +€128,799 | +97.1% |
| Suppliers | 440/4 | €132,710 | €261,508 | +€128,799 | +97.1% |
| Taxes, remuneration and social security | 45 | €22,561 | €21,959 | -€601 | -2.7% |
| Taxes | 450/3 | €8,827 | €6,392 | -€2,435 | -27.6% |
| Remuneration and social security | 454/9 | €13,733 | €15,567 | +€1,834 | +13.4% |
| Other amounts payable | 47/48 | €24,570 | - | -€24,570 | |
| Accrued charges and deferred income | 492/3 | €2,677 | €2,732 | +€55 | +2.1% |
| Remuneration, social security and pensions | 62 | €116,673 | €133,038 | +€16,366 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,807 | €172,829 | +€22 | 0.0% |
| Other operating charges | 640/8 | €1,678 | €4,017 | +€2,339 | +139% |
| Gross operating margin | 9900 | €308,943 | €363,912 | +€54,969 | +17.8% |
| Operating profit (loss) | 9901 | €17,786 | €54,028 | +€36,242 | +204% |
| Financial income | 75/76B | €41,378 | €34,851 | -€6,527 | -15.8% |
| Recurring financial income | 75 | €41,378 | €34,851 | -€6,527 | -15.8% |
| Financial charges | 65/66B | €46,606 | €71,963 | +€25,357 | +54.4% |
| Recurring financial charges | 65 | €46,606 | €71,963 | +€25,357 | +54.4% |
| Profit (loss) for the period before taxes | 9903 | €12,557 | €16,915 | +€4,358 | +34.7% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -18.2% |
| Profit (loss) for the period | 9904 | €12,557 | €16,915 | +€4,358 | +34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,557 | €16,915 | +€4,358 | +34.7% |
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 23 October 2026 via checked.be.