ROCK SOLID: 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 SOLID
Largest movements
- Tangible fixed assets -€29,508
down €29,508 (-93.9%), from €31,414 to €1,906
of which Furniture and vehicles: -€28,533
- Receivables within one year +€28,564
up €28,564 (+52.7%), from €54,191 to €82,754
of which Trade receivables: +€37,595
- Stocks and contracts +€10,125
up €10,125 (+15.1%), from €67,063 to €77,188
- Deferred charges and accrued income -€8,795
down €8,795 (-72.2%), from €12,178 to €3,384
- Cash -€5,041
down €5,041 (-18.0%), from €28,056 to €23,016
mainly Debts after one year (-€49,000) and Receivables within one year (-€28,564)
- Debts after one year -€49,000
down €49,000 (-73.7%), from €66,500 to €17,500
- Trade debts +€34,964
up €34,964 (+33.7%), from €103,881 to €138,844
- Tax, wage and social debts +€6,402
up €6,402 (+118.1%), from €5,421 to €11,823
of which Taxes: +€6,402
- Reserves +€4,265
up €4,265 (+48.9%), from €8,720 to €12,985
- Short-term financial debts -€3,381
no longer reported in 2025 (was €3,381)
- Gross operating margin +€8,344
up €8,344 (+28.6%), from €29,164 to €37,508
- Depreciation -€6,959
down €6,959 (-87.7%), from €7,934 to €975
- Financial charges +€5,689
up €5,689 (+237.8%), from €2,392 to €8,081
- Write-downs +€2,491
new in 2025: €2,491
- Staff costs -€1,920
no longer reported in 2025 (was €1,920)
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 | €192,902 | €188,248 | -€4,654 | -2.4% |
| Fixed assets | 21/28 | €31,414 | €1,906 | -€29,508 | -93.9% |
| Tangible fixed assets | 22/27 | €31,414 | €1,906 | -€29,508 | -93.9% |
| Plant, machinery and equipment | 23 | €2,881 | €1,906 | -€975 | -33.8% |
| Furniture and vehicles | 24 | €28,533 | - | -€28,533 | |
| Current assets | 29/58 | €161,488 | €186,342 | +€24,854 | +15.4% |
| Stocks and contracts in progress | 3 | €67,063 | €77,188 | +€10,125 | +15.1% |
| Stocks | 30/36 | €67,063 | €77,188 | +€10,125 | +15.1% |
| Amounts receivable within one year | 40/41 | €54,191 | €82,754 | +€28,564 | +52.7% |
| Trade receivables | 40 | €40,465 | €78,060 | +€37,595 | +92.9% |
| Other amounts receivable | 41 | €13,726 | €4,694 | -€9,031 | -65.8% |
| Cash at bank and in hand | 54/58 | €28,056 | €23,016 | -€5,041 | -18.0% |
| Deferred charges and accrued income | 490/1 | €12,178 | €3,384 | -€8,795 | -72.2% |
| Total equity and liabilities | 10/49 | €192,902 | €188,248 | -€4,654 | -2.4% |
| Equity | 10/15 | €13,720 | €17,985 | +€4,265 | +31.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,720 | €12,985 | +€4,265 | +48.9% |
| Distributable reserves | 133 | €8,720 | €12,985 | +€4,265 | +48.9% |
| Amounts payable | 17/49 | €179,182 | €170,263 | -€8,919 | -5.0% |
| Amounts payable after more than one year | 17 | €66,500 | €17,500 | -€49,000 | -73.7% |
| Financial debts | 170/4 | €66,500 | €17,500 | -€49,000 | -73.7% |
| Amounts payable within one year | 42/48 | €112,682 | €150,667 | +€37,985 | +33.7% |
| Financial debts | 43 | €3,381 | - | -€3,381 | |
| Other loans | 439 | €3,381 | - | -€3,381 | |
| Trade debts | 44 | €103,881 | €138,844 | +€34,964 | +33.7% |
| Suppliers | 440/4 | €103,881 | €138,844 | +€34,964 | +33.7% |
| Taxes, remuneration and social security | 45 | €5,421 | €11,823 | +€6,402 | +118.1% |
| Taxes | 450/3 | €5,421 | €11,823 | +€6,402 | +118.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €2,096 | +€2,096 | |
| Remuneration, social security and pensions | 62 | €1,920 | - | -€1,920 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,934 | €975 | -€6,959 | -87.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,491 | +€2,491 | |
| Other operating charges | 640/8 | €4,865 | €4,027 | -€838 | -17.2% |
| Non-recurring operating charges | 66A | - | €12,652 | +€12,652 | |
| Gross operating margin | 9900 | €29,164 | €37,508 | +€8,344 | +28.6% |
| Operating profit (loss) | 9901 | €14,445 | €17,363 | +€2,918 | +20.2% |
| Financial income | 75/76B | - | €41 | +€41 | |
| Recurring financial income | 75 | - | €41 | +€41 | |
| Financial charges | 65/66B | €2,392 | €8,081 | +€5,689 | +237.8% |
| Recurring financial charges | 65 | €2,392 | €8,081 | +€5,689 | +237.8% |
| Profit (loss) for the period before taxes | 9903 | €12,053 | €9,324 | -€2,730 | -22.6% |
| Income taxes | 67/77 | €3,638 | €5,059 | +€1,420 | +39.0% |
| Profit (loss) for the period | 9904 | €8,415 | €4,265 | -€4,150 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,415 | €4,265 | -€4,150 | -49.3% |
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 9 October 2026 via checked.be.