ROCO: what changed
Two fiscal 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.
ROCO
Largest movements
- Receivables within one year +€9,531
up €9,531 (+28.0%), from €34,010 to €43,541
of which Other amounts receivable: +€7,370
- Cash +€9,062
up €9,062 (+93.3%), from €9,712 to €18,774
mainly Net result for the year (+€23,098) and Depreciation (+€11,191)
- Tangible fixed assets +€6,666
up €6,666 (+5.6%), from €119,162 to €125,828
of which Plant, machinery and equipment: +€6,996
- Reserves +€22,000
up €22,000 (+45.5%), from €48,360 to €70,360
of which Distributable reserves: +€22,000
- Tax, wage and social debts +€5,926
up €5,926 (+43.4%), from €13,664 to €19,590
of which Taxes: +€5,902
- Debts after one year -€5,412
down €5,412 (-11.6%), from €46,834 to €41,422
- Gross operating margin +€2,984
up €2,984 (+4.3%), from €68,743 to €71,727
- Other operating charges +€2,576
up €2,576 (+101.9%), from €2,527 to €5,103
- Depreciation +€2,207
up €2,207 (+24.6%), from €8,984 to €11,191
- Staff costs +€2,192
up €2,192 (+15.2%), from €14,443 to €16,635
- Financial charges -€1,323
down €1,323 (-28.0%), from €4,730 to €3,407
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 | €166,980 | €192,122 | +€25,142 | +15.1% |
| Fixed assets | 21/28 | €119,162 | €125,828 | +€6,666 | +5.6% |
| Tangible fixed assets | 22/27 | €119,162 | €125,828 | +€6,666 | +5.6% |
| Land and buildings | 22 | €67,500 | €67,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €51,014 | €58,010 | +€6,996 | +13.7% |
| Furniture and vehicles | 24 | €648 | €318 | -€330 | -50.9% |
| Current assets | 29/58 | €47,818 | €66,294 | +€18,476 | +38.6% |
| Stocks and contracts in progress | 3 | €4,096 | €3,979 | -€117 | -2.9% |
| Stocks | 30/36 | €4,096 | €3,979 | -€117 | -2.9% |
| Amounts receivable within one year | 40/41 | €34,010 | €43,541 | +€9,531 | +28.0% |
| Trade receivables | 40 | - | €2,161 | +€2,161 | |
| Other amounts receivable | 41 | €34,010 | €41,380 | +€7,370 | +21.7% |
| Cash at bank and in hand | 54/58 | €9,712 | €18,774 | +€9,062 | +93.3% |
| Total equity and liabilities | 10/49 | €166,980 | €192,122 | +€25,142 | +15.1% |
| Equity | 10/15 | €96,721 | €119,819 | +€23,098 | +23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,360 | €70,360 | +€22,000 | +45.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €46,500 | €68,500 | +€22,000 | +47.3% |
| Profit (loss) carried forward | 14 | €29,761 | €30,859 | +€1,098 | +3.7% |
| Amounts payable | 17/49 | €70,259 | €72,303 | +€2,044 | +2.9% |
| Amounts payable after more than one year | 17 | €46,834 | €41,422 | -€5,412 | -11.6% |
| Financial debts | 170/4 | €46,834 | €41,422 | -€5,412 | -11.6% |
| Amounts payable within one year | 42/48 | €23,425 | €30,881 | +€7,456 | +31.8% |
| Current portion of amounts payable after more than one year | 42 | €5,146 | €5,412 | +€266 | +5.2% |
| Trade debts | 44 | €4,615 | €5,879 | +€1,264 | +27.4% |
| Suppliers | 440/4 | €4,615 | €5,879 | +€1,264 | +27.4% |
| Taxes, remuneration and social security | 45 | €13,664 | €19,590 | +€5,926 | +43.4% |
| Taxes | 450/3 | €13,539 | €19,441 | +€5,902 | +43.6% |
| Remuneration and social security | 454/9 | €125 | €149 | +€24 | +19.2% |
| Remuneration, social security and pensions | 62 | €14,443 | €16,635 | +€2,192 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,984 | €11,191 | +€2,207 | +24.6% |
| Other operating charges | 640/8 | €2,527 | €5,103 | +€2,576 | +101.9% |
| Gross operating margin | 9900 | €68,743 | €71,727 | +€2,984 | +4.3% |
| Operating profit (loss) | 9901 | €42,789 | €38,798 | -€3,991 | -9.3% |
| Financial charges | 65/66B | €4,730 | €3,407 | -€1,323 | -28.0% |
| Recurring financial charges | 65 | €4,730 | €3,407 | -€1,323 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €38,059 | €35,391 | -€2,668 | -7.0% |
| Income taxes | 67/77 | €12,545 | €12,293 | -€252 | -2.0% |
| Profit (loss) for the period | 9904 | €25,514 | €23,098 | -€2,416 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,514 | €23,098 | -€2,416 | -9.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.