Rough Riders: 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.
Rough Riders
Largest movements
- Stocks and contracts +€24,912
up €24,912 (+10.3%), from €240,718 to €265,630
- Receivables within one year -€6,181
down €6,181 (-79.1%), from €7,819 to €1,638
of which Other amounts receivable: -€3,959
- Tangible fixed assets -€6,164
down €6,164 (-9.4%), from €65,603 to €59,439
of which Other tangible fixed assets: -€5,373
- Cash -€4,149
down €4,149 (-16.7%), from €24,812 to €20,662
mainly Net result for the year (-€31,247) and Stocks and contracts (-€24,912)
- Tax, wage and social debts +€73,184
up €73,184 (+124.2%), from €58,928 to €132,111
of which Taxes: +€63,573
- Profit (loss) carried forward -€30,457
down €30,457, from €0 to -€30,457
- Other debts -€19,744
down €19,744 (-59.6%), from €33,142 to €13,399
- Debts after one year -€17,856
down €17,856 (-17.7%), from €100,936 to €83,079
- Current portion of long-term debt -€7,690
down €7,690 (-30.1%), from €25,546 to €17,856
- Gross operating margin -€19,896
down €19,896 (-17.5%), from €113,580 to €93,684
- Staff costs +€10,884
up €10,884 (+13.6%), from €80,109 to €90,993
- Other operating charges +€7,591
up €7,591 (+480.5%), from €1,580 to €9,171
- Financial charges +€4,513
up €4,513 (+42.4%), from €10,640 to €15,153
- Taxes -€3,869
down €3,869 (-95.4%), from €4,053 to €185
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 | €372,123 | €375,648 | +€3,525 | +0.9% |
| Fixed assets | 21/28 | €86,403 | €77,183 | -€9,221 | -10.7% |
| Intangible fixed assets | 21 | €2,910 | €1,744 | -€1,167 | -40.1% |
| Tangible fixed assets | 22/27 | €65,603 | €59,439 | -€6,164 | -9.4% |
| Plant, machinery and equipment | 23 | €11,024 | €8,667 | -€2,357 | -21.4% |
| Furniture and vehicles | 24 | €872 | €2,437 | +€1,566 | +179.7% |
| Other tangible fixed assets | 26 | €53,707 | €48,334 | -€5,373 | -10.0% |
| Financial fixed assets | 28 | €17,890 | €16,000 | -€1,890 | -10.6% |
| Current assets | 29/58 | €285,720 | €298,465 | +€12,745 | +4.5% |
| Stocks and contracts in progress | 3 | €240,718 | €265,630 | +€24,912 | +10.3% |
| Stocks | 30/36 | €240,718 | €265,630 | +€24,912 | +10.3% |
| Amounts receivable within one year | 40/41 | €7,819 | €1,638 | -€6,181 | -79.1% |
| Trade receivables | 40 | €2,669 | €447 | -€2,222 | -83.3% |
| Other amounts receivable | 41 | €5,150 | €1,191 | -€3,959 | -76.9% |
| Cash at bank and in hand | 54/58 | €24,812 | €20,662 | -€4,149 | -16.7% |
| Deferred charges and accrued income | 490/1 | €12,372 | €10,535 | -€1,836 | -14.8% |
| Total equity and liabilities | 10/49 | €372,123 | €375,648 | +€3,525 | +0.9% |
| Equity | 10/15 | €37,940 | €6,693 | -€31,247 | -82.4% |
| Contributions | 10/11 | €37,150 | €37,150 | = | 0.0% |
| Reserves | 13 | €790 | €0 | -€790 | -100.0% |
| Distributable reserves | 133 | €790 | €0 | -€790 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | -€30,457 | -€30,457 | |
| Amounts payable | 17/49 | €334,184 | €368,955 | +€34,772 | +10.4% |
| Amounts payable after more than one year | 17 | €100,936 | €83,079 | -€17,856 | -17.7% |
| Financial debts | 170/4 | €100,936 | €83,079 | -€17,856 | -17.7% |
| Amounts payable within one year | 42/48 | €233,248 | €285,876 | +€52,628 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €25,546 | €17,856 | -€7,690 | -30.1% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €65,631 | €72,509 | +€6,878 | +10.5% |
| Suppliers | 440/4 | €65,631 | €72,509 | +€6,878 | +10.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €58,928 | €132,111 | +€73,184 | +124.2% |
| Taxes | 450/3 | €55,584 | €119,158 | +€63,573 | +114.4% |
| Remuneration and social security | 454/9 | €3,343 | €12,954 | +€9,610 | +287.4% |
| Other amounts payable | 47/48 | €33,142 | €13,399 | -€19,744 | -59.6% |
| Non-recurring operating income | 76A | €7,416 | €0 | -€7,416 | -100.0% |
| Remuneration, social security and pensions | 62 | €80,109 | €90,993 | +€10,884 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,792 | €14,431 | +€2,639 | +22.4% |
| Other operating charges | 640/8 | €1,580 | €9,171 | +€7,591 | +480.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €113,580 | €93,684 | -€19,896 | -17.5% |
| Operating profit (loss) | 9901 | €20,100 | -€20,911 | -€41,011 | |
| Financial income | 75/76B | €4,080 | €5,002 | +€921 | +22.6% |
| Recurring financial income | 75 | €4,080 | €5,002 | +€921 | +22.6% |
| Financial charges | 65/66B | €10,640 | €15,153 | +€4,513 | +42.4% |
| Recurring financial charges | 65 | €10,640 | €15,153 | +€4,513 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | €13,540 | -€31,062 | -€44,602 | |
| Income taxes | 67/77 | €4,053 | €185 | -€3,869 | -95.4% |
| Profit (loss) for the period | 9904 | €9,487 | -€31,247 | -€40,734 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,487 | -€31,247 | -€40,734 |
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 12 October 2026 via checked.be.