ROCK EQUITY: 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.
ROCK EQUITY
Largest movements
- Financial fixed assets +€2.5m
up €2.5m (+6.9%), from €36.8m to €39.3m
- Current investments -€1.4m
down €1.4m (-54.7%), from €2.6m to €1.2m
- Other debts +€1.9m
up €1.9m (+20.5%), from €9.1m to €11.0m
- Profit (loss) carried forward -€1.2m
down €1.2m (-41.7%), from €2.8m to €1.6m
- Financial income -€10.6m
down €10.6m (-93.3%), from €11.4m to €761,903
of which Non-recurring financial income: -€11.0m
- Financial charges +€329,290
up €329,290 (+23.8%), from €1.4m to €1.7m
of which Non-recurring financial charges: +€707,382
- Gross operating margin -€34,005
down €34,005 (-24.8%), from -€137,379 to -€171,384
- Staff costs -€4,111
down €4,111 (-16.5%), from €24,965 to €20,855
- Other operating charges +€1,795
up €1,795 (+19.5%), from €9,202 to €10,997
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 | €40,491,006 | €41,546,411 | +€1.1m | +2.6% |
| Fixed assets | 21/28 | €37,607,313 | €40,137,083 | +€2.5m | +6.7% |
| Tangible fixed assets | 22/27 | €856,187 | €844,188 | -€11,999 | -1.4% |
| Land and buildings | 22 | €423,007 | €411,008 | -€11,999 | -2.8% |
| Assets under construction and advance payments | 27 | €433,180 | €433,180 | = | 0.0% |
| Financial fixed assets | 28 | €36,751,126 | €39,292,895 | +€2.5m | +6.9% |
| Current assets | 29/58 | €2,883,693 | €1,409,328 | -€1.5m | -51.1% |
| Amounts receivable within one year | 40/41 | €1,531 | €822 | -€709 | -46.3% |
| Other amounts receivable | 41 | €1,531 | €822 | -€709 | -46.3% |
| Current investments | 50/53 | €2,573,636 | €1,164,797 | -€1.4m | -54.7% |
| Cash at bank and in hand | 54/58 | €301,975 | €239,888 | -€62,087 | -20.6% |
| Deferred charges and accrued income | 490/1 | €6,550 | €3,822 | -€2,729 | -41.7% |
| Total equity and liabilities | 10/49 | €40,491,006 | €41,546,411 | +€1.1m | +2.6% |
| Equity | 10/15 | €25,086,881 | €24,295,362 | -€791,519 | -3.2% |
| Contributions | 10/11 | €22,263,600 | €22,263,600 | = | 0.0% |
| Revaluation surpluses | 12 | €26,039 | €401,388 | +€375,349 | +1441.5% |
| Profit (loss) carried forward | 14 | €2,797,242 | €1,630,374 | -€1.2m | -41.7% |
| Amounts payable | 17/49 | €15,404,126 | €17,251,049 | +€1.8m | +12.0% |
| Amounts payable after more than one year | 17 | €6,242,587 | €6,216,346 | -€26,241 | -0.4% |
| Financial debts | 170/4 | €6,242,587 | €6,216,346 | -€26,241 | -0.4% |
| Amounts payable within one year | 42/48 | €9,160,571 | €11,034,703 | +€1.9m | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €25,598 | €26,241 | +€643 | +2.5% |
| Trade debts | 44 | €920 | €2,426 | +€1,506 | +163.7% |
| Suppliers | 440/4 | €920 | €2,426 | +€1,506 | +163.7% |
| Taxes, remuneration and social security | 45 | €5,933 | €5,436 | -€497 | -8.4% |
| Remuneration and social security | 454/9 | €5,933 | €5,436 | -€497 | -8.4% |
| Other amounts payable | 47/48 | €9,128,120 | €11,000,600 | +€1.9m | +20.5% |
| Accrued charges and deferred income | 492/3 | €968 | €0 | -€968 | -100.0% |
| Remuneration, social security and pensions | 62 | €24,965 | €20,855 | -€4,111 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,999 | €11,999 | = | 0.0% |
| Other operating charges | 640/8 | €9,202 | €10,997 | +€1,795 | +19.5% |
| Gross operating margin | 9900 | -€137,379 | -€171,384 | -€34,005 | -24.8% |
| Operating profit (loss) | 9901 | -€183,545 | -€215,234 | -€31,689 | -17.3% |
| Financial income | 75/76B | €11,360,485 | €761,903 | -€10.6m | -93.3% |
| Recurring financial income | 75 | €360,485 | €761,903 | +€401,418 | +111.4% |
| Non-recurring financial income | 76B | €11,000,000 | - | -€11.0m | |
| Financial charges | 65/66B | €1,384,246 | €1,713,536 | +€329,290 | +23.8% |
| Recurring financial charges | 65 | €1,384,246 | €1,006,154 | -€378,092 | -27.3% |
| Non-recurring financial charges | 66B | - | €707,382 | +€707,382 | |
| Profit (loss) for the period before taxes | 9903 | €9,792,694 | -€1,166,868 | -€11.0m | |
| Income taxes | 67/77 | €408 | €0 | -€408 | -100.0% |
| Profit (loss) for the period | 9904 | €9,792,286 | -€1,166,868 | -€11.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €9,792,286 | -€1,166,868 | -€11.0m |
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.