Rock & Real: 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 & Real
Largest movements
- Current investments +€31,413
new in 2025: €31,413
- Tangible fixed assets +€21,340
up €21,340 (+124%), from €17,155 to €38,496
- Receivables within one year +€18,764
new in 2025: €18,764
of which Trade receivables: +€13,233
- Cash +€2,247
up €2,247 (+5.0%), from €44,621 to €46,868
mainly Other debts (+€28,460) and Debts after one year (+€26,158)
- Reserves +€43,228
up €43,228 (+30,669%), from €141 to €43,369
- Profit (loss) carried forward -€29,041
no longer reported in 2025 (was €29,041)
- Other debts +€28,460
new in 2025: €28,460
- Debts after one year +€26,158
up €26,158 (+522%), from €5,010 to €31,167
of which Financial debts: +€27,158
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Depreciation +€13,025
up €13,025 (+162%), from €8,044 to €21,070
- Gross operating margin +€10,555
up €10,555 (+28.3%), from €37,360 to €47,915
- Taxes +€3,830
up €3,830 (+49.3%), from €7,768 to €11,597
- Financial income +€2,018
new in 2025: €2,018
- Financial charges +€1,951
up €1,951 (+605%), from €323 to €2,273
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 | €64,347 | €139,014 | +€74,667 | +116% |
| Fixed assets | 21/28 | €18,715 | €40,056 | +€21,340 | +114% |
| Tangible fixed assets | 22/27 | €17,155 | €38,496 | +€21,340 | +124% |
| Furniture and vehicles | 24 | €17,155 | €38,496 | +€21,340 | +124% |
| Financial fixed assets | 28 | €1,560 | €1,560 | = | 0.0% |
| Current assets | 29/58 | €45,632 | €98,959 | +€53,327 | +117% |
| Amounts receivable within one year | 40/41 | - | €18,764 | +€18,764 | |
| Trade receivables | 40 | - | €13,233 | +€13,233 | |
| Other amounts receivable | 41 | - | €5,531 | +€5,531 | |
| Current investments | 50/53 | - | €31,413 | +€31,413 | |
| Cash at bank and in hand | 54/58 | €44,621 | €46,868 | +€2,247 | +5.0% |
| Deferred charges and accrued income | 490/1 | €1,011 | €1,914 | +€903 | +89.3% |
| Total equity and liabilities | 10/49 | €64,347 | €139,014 | +€74,667 | +116% |
| Equity | 10/15 | €35,382 | €61,969 | +€26,586 | +75.1% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €141 | €43,369 | +€43,228 | +30,669% |
| Distributable reserves | 133 | €141 | €43,369 | +€43,228 | +30,669% |
| Profit (loss) carried forward | 14 | €29,041 | - | -€29,041 | |
| Amounts payable | 17/49 | €28,965 | €77,046 | +€48,081 | +166% |
| Amounts payable after more than one year | 17 | €5,010 | €31,167 | +€26,158 | +522% |
| Financial debts | 170/4 | €4,010 | €31,167 | +€27,158 | +677% |
| Other amounts payable | 178/9 | €1,000 | - | -€1,000 | |
| Amounts payable within one year | 42/48 | €19,421 | €42,224 | +€22,802 | +117% |
| Current portion of amounts payable after more than one year | 42 | €7,943 | €11,222 | +€3,278 | +41.3% |
| Trade debts | 44 | €2,770 | €1,722 | -€1,048 | -37.8% |
| Suppliers | 440/4 | €2,770 | €1,722 | -€1,048 | -37.8% |
| Taxes, remuneration and social security | 45 | €8,708 | €820 | -€7,888 | -90.6% |
| Taxes | 450/3 | €8,708 | €820 | -€7,888 | -90.6% |
| Other amounts payable | 47/48 | - | €28,460 | +€28,460 | |
| Accrued charges and deferred income | 492/3 | €4,534 | €3,654 | -€880 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,044 | €21,070 | +€13,025 | +162% |
| Other operating charges | 640/8 | €1,018 | €807 | -€211 | -20.7% |
| Gross operating margin | 9900 | €37,360 | €47,915 | +€10,555 | +28.3% |
| Operating profit (loss) | 9901 | €28,297 | €26,039 | -€2,259 | -8.0% |
| Financial income | 75/76B | - | €2,018 | +€2,018 | |
| Recurring financial income | 75 | - | €2,018 | +€2,018 | |
| Financial charges | 65/66B | €323 | €2,273 | +€1,951 | +605% |
| Recurring financial charges | 65 | €323 | €2,273 | +€1,951 | +605% |
| Profit (loss) for the period before taxes | 9903 | €27,975 | €25,784 | -€2,191 | -7.8% |
| Income taxes | 67/77 | €7,768 | €11,597 | +€3,830 | +49.3% |
| Profit (loss) for the period | 9904 | €20,207 | €14,186 | -€6,020 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,207 | €14,186 | -€6,020 | -29.8% |
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 13 October 2026 via checked.be.