ROCOR BELGIE: 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.
ROCOR BELGIE
Largest movements
- Receivables within one year +€119,940
up €119,940 (+67.4%), from €177,957 to €297,897
of which Trade receivables: +€91,114
- Tangible fixed assets -€40,443
down €40,443 (-11.4%), from €355,498 to €315,055
of which Furniture and vehicles: -€44,422
- Cash -€15,397
down €15,397 (-5.9%), from €261,537 to €246,139
mainly Receivables within one year (-€119,940) and Debts after one year (-€39,559)
- Reserves +€55,200
up €55,200 (+13.0%), from €424,433 to €479,633
of which Distributable reserves: +€55,200
- Debts after one year -€39,559
no longer reported in 2025 (was €39,559)
- Other debts +€31,363
up €31,363 (+48.0%), from €65,346 to €96,709
- Trade debts +€30,539
up €30,539 (+35.4%), from €86,381 to €116,920
- Current portion of long-term debt -€11,672
down €11,672 (-22.8%), from €51,231 to €39,559
- Gross operating margin -€97,203
down €97,203 (-32.6%), from €298,257 to €201,055
- Taxes -€17,318
down €17,318 (-41.3%), from €41,966 to €24,648
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 | €1,016,741 | €1,075,114 | +€58,372 | +5.7% |
| Fixed assets | 21/28 | €355,602 | €315,159 | -€40,443 | -11.4% |
| Tangible fixed assets | 22/27 | €355,498 | €315,055 | -€40,443 | -11.4% |
| Plant, machinery and equipment | 23 | - | €6,448 | +€6,448 | |
| Furniture and vehicles | 24 | €346,692 | €302,270 | -€44,422 | -12.8% |
| Other tangible fixed assets | 26 | €8,806 | €6,337 | -€2,468 | -28.0% |
| Financial fixed assets | 28 | €104 | €104 | = | 0.0% |
| Current assets | 29/58 | €661,140 | €759,955 | +€98,815 | +14.9% |
| Amounts receivable after more than one year | 29 | €141,834 | €141,834 | = | 0.0% |
| Other amounts receivable | 291 | €141,834 | €141,834 | = | 0.0% |
| Stocks and contracts in progress | 3 | €51,860 | €53,120 | +€1,260 | +2.4% |
| Stocks | 30/36 | €51,860 | €53,120 | +€1,260 | +2.4% |
| Amounts receivable within one year | 40/41 | €177,957 | €297,897 | +€119,940 | +67.4% |
| Trade receivables | 40 | €94,494 | €185,609 | +€91,114 | +96.4% |
| Other amounts receivable | 41 | €83,463 | €112,289 | +€28,826 | +34.5% |
| Cash at bank and in hand | 54/58 | €261,537 | €246,139 | -€15,397 | -5.9% |
| Deferred charges and accrued income | 490/1 | €27,952 | €20,964 | -€6,988 | -25.0% |
| Total equity and liabilities | 10/49 | €1,016,741 | €1,075,114 | +€58,372 | +5.7% |
| Equity | 10/15 | €686,485 | €741,676 | +€55,191 | +8.0% |
| Contributions | 10/11 | €261,997 | €261,997 | = | 0.0% |
| Capital | 10 | €261,997 | €261,997 | = | 0.0% |
| Issued capital | 100 | €261,997 | €261,997 | = | 0.0% |
| Reserves | 13 | €424,433 | €479,633 | +€55,200 | +13.0% |
| Non-distributable reserves | 130/1 | €7,333 | €7,333 | = | 0.0% |
| Legal reserve | 130 | €7,333 | €7,333 | = | 0.0% |
| Distributable reserves | 133 | €417,100 | €472,300 | +€55,200 | +13.2% |
| Profit (loss) carried forward | 14 | €55 | €46 | -€9 | -16.9% |
| Amounts payable | 17/49 | €330,256 | €333,438 | +€3,181 | +1.0% |
| Amounts payable after more than one year | 17 | €39,559 | - | -€39,559 | |
| Financial debts | 170/4 | €39,559 | - | -€39,559 | |
| Amounts payable within one year | 42/48 | €290,697 | €333,438 | +€42,741 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €51,231 | €39,559 | -€11,672 | -22.8% |
| Trade debts | 44 | €86,381 | €116,920 | +€30,539 | +35.4% |
| Suppliers | 440/4 | €86,381 | €116,920 | +€30,539 | +35.4% |
| Taxes, remuneration and social security | 45 | €87,738 | €80,249 | -€7,489 | -8.5% |
| Taxes | 450/3 | €79,294 | €71,486 | -€7,807 | -9.8% |
| Remuneration and social security | 454/9 | €8,444 | €8,763 | +€318 | +3.8% |
| Other amounts payable | 47/48 | €65,346 | €96,709 | +€31,363 | +48.0% |
| Remuneration, social security and pensions | 62 | €70,494 | €73,436 | +€2,942 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,890 | €47,271 | +€381 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,165 | €1,014 | -€152 | -13.0% |
| Other operating charges | 640/8 | €2,299 | €1,014 | -€1,285 | -55.9% |
| Non-recurring operating charges | 66A | €15,771 | - | -€15,771 | |
| Gross operating margin | 9900 | €298,257 | €201,055 | -€97,203 | -32.6% |
| Operating profit (loss) | 9901 | €161,638 | €78,320 | -€83,318 | -51.5% |
| Financial income | 75/76B | €7,770 | €8,122 | +€353 | +4.5% |
| Recurring financial income | 75 | €7,770 | €8,122 | +€353 | +4.5% |
| Financial charges | 65/66B | €8,479 | €6,603 | -€1,876 | -22.1% |
| Recurring financial charges | 65 | €8,479 | €6,603 | -€1,876 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €160,928 | €79,839 | -€81,089 | -50.4% |
| Income taxes | 67/77 | €41,966 | €24,648 | -€17,318 | -41.3% |
| Profit (loss) for the period | 9904 | €118,962 | €55,191 | -€63,772 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €118,962 | €55,191 | -€63,772 | -53.6% |
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 16 October 2026 via checked.be.