ROECUIR: 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.
ROECUIR
Largest movements
- Receivables within one year -€567,718
down €567,718 (-87.3%), from €650,638 to €82,920
of which Trade receivables: -€343,462
- Tangible fixed assets +€533,779
up €533,779 (+58.5%), from €913,111 to €1.4m
of which Land and buildings: +€442,119
- Stocks and contracts +€218,700
up €218,700 (+1390.8%), from €15,725 to €234,425
- Current investments -€210,000
down €210,000 (-10.4%), from €2.0m to €1.8m
- Debts after one year +€171,935
up €171,935 (+67.1%), from €256,308 to €428,243
- Trade debts -€91,473
down €91,473 (-52.5%), from €174,182 to €82,709
- Other debts -€60,187
down €60,187 (-17.2%), from €350,640 to €290,453
- Gross operating margin -€50,233
down €50,233 (-41.5%), from €120,941 to €70,708
- Depreciation +€31,904
up €31,904 (+72.8%), from €43,796 to €75,700
- Taxes -€29,533
down €29,533 (-97.2%), from €30,374 to €841
- Financial income -€20,187
down €20,187 (-27.7%), from €72,865 to €52,678
- Other operating charges -€14,366
down €14,366 (-81.1%), from €17,710 to €3,344
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 | €3,728,663 | €3,740,629 | +€11,965 | +0.3% |
| Fixed assets | 21/28 | €913,111 | €1,446,890 | +€533,779 | +58.5% |
| Tangible fixed assets | 22/27 | €913,111 | €1,446,890 | +€533,779 | +58.5% |
| Land and buildings | 22 | €722,616 | €1,164,735 | +€442,119 | +61.2% |
| Plant, machinery and equipment | 23 | €180,339 | €186,975 | +€6,636 | +3.7% |
| Furniture and vehicles | 24 | €10,156 | €95,180 | +€85,025 | +837.2% |
| Current assets | 29/58 | €2,815,553 | €2,293,739 | -€521,814 | -18.5% |
| Stocks and contracts in progress | 3 | €15,725 | €234,425 | +€218,700 | +1390.8% |
| Stocks | 30/36 | €15,725 | €234,425 | +€218,700 | +1390.8% |
| Amounts receivable within one year | 40/41 | €650,638 | €82,920 | -€567,718 | -87.3% |
| Trade receivables | 40 | €401,804 | €58,341 | -€343,462 | -85.5% |
| Other amounts receivable | 41 | €248,834 | €24,578 | -€224,256 | -90.1% |
| Current investments | 50/53 | €2,010,000 | €1,800,000 | -€210,000 | -10.4% |
| Cash at bank and in hand | 54/58 | €116,544 | €145,096 | +€28,552 | +24.5% |
| Deferred charges and accrued income | 490/1 | €22,646 | €31,297 | +€8,652 | +38.2% |
| Total equity and liabilities | 10/49 | €3,728,663 | €3,740,629 | +€11,965 | +0.3% |
| Equity | 10/15 | €2,892,101 | €2,875,595 | -€16,506 | -0.6% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €691,817 | €673,453 | -€18,364 | -2.7% |
| Tax-exempt reserves | 132 | €16,980 | €16,980 | = | 0.0% |
| Distributable reserves | 133 | €674,837 | €656,473 | -€18,364 | -2.7% |
| Profit (loss) carried forward | 14 | €2,076,338 | €2,078,195 | +€1,857 | +0.1% |
| Amounts payable | 17/49 | €836,562 | €865,034 | +€28,472 | +3.4% |
| Amounts payable after more than one year | 17 | €256,308 | €428,243 | +€171,935 | +67.1% |
| Financial debts | 170/4 | €256,308 | €428,243 | +€171,935 | +67.1% |
| Amounts payable within one year | 42/48 | €575,608 | €424,396 | -€151,212 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €32,544 | €39,364 | +€6,819 | +21.0% |
| Trade debts | 44 | €174,182 | €82,709 | -€91,473 | -52.5% |
| Suppliers | 440/4 | €174,182 | €82,709 | -€91,473 | -52.5% |
| Taxes, remuneration and social security | 45 | €18,242 | €11,870 | -€6,371 | -34.9% |
| Taxes | 450/3 | €18,242 | €11,870 | -€6,371 | -34.9% |
| Other amounts payable | 47/48 | €350,640 | €290,453 | -€60,187 | -17.2% |
| Accrued charges and deferred income | 492/3 | €4,647 | €12,395 | +€7,748 | +166.7% |
| Non-recurring operating income | 76A | €95,240 | €33,488 | -€61,752 | -64.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,796 | €75,700 | +€31,904 | +72.8% |
| Other operating charges | 640/8 | €17,710 | €3,344 | -€14,366 | -81.1% |
| Gross operating margin | 9900 | €120,941 | €70,708 | -€50,233 | -41.5% |
| Operating profit (loss) | 9901 | €59,435 | -€8,336 | -€67,771 | |
| Financial income | 75/76B | €72,865 | €52,678 | -€20,187 | -27.7% |
| Recurring financial income | 75 | €72,865 | €52,678 | -€20,187 | -27.7% |
| Financial charges | 65/66B | €38,577 | €41,644 | +€3,068 | +8.0% |
| Recurring financial charges | 65 | €38,577 | €41,644 | +€3,068 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €93,724 | €2,699 | -€91,025 | -97.1% |
| Income taxes | 67/77 | €30,374 | €841 | -€29,533 | -97.2% |
| Profit (loss) for the period | 9904 | €63,349 | €1,857 | -€61,492 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €63,349 | €1,857 | -€61,492 | -97.1% |
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 2 October 2026 via checked.be.