VN Rocourt: 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.
VN Rocourt
Largest movements
- Tangible fixed assets -€60,300
down €60,300 (-46.9%), from €128,541 to €68,242
- Receivables within one year -€45,739
down €45,739 (-75.6%), from €60,524 to €14,785
- Cash +€27,531
up €27,531 (+75.5%), from €36,447 to €63,978
mainly Trade debts (+€304,566) and Depreciation (+€57,963)
- Deferred charges and accrued income +€21,657
up €21,657 (+1,903%), from €1,138 to €22,795
- Stocks and contracts +€12,314
up €12,314 (+5.1%), from €242,039 to €254,353
- Trade debts +€304,566
up €304,566 (+76.0%), from €400,650 to €705,217
- Profit (loss) carried forward -€264,212
down €264,212 (-97.1%), from -€271,967 to -€536,179
- Debts after one year -€73,464
down €73,464 (-55.9%), from €131,508 to €58,045
- Current portion of long-term debt -€10,281
down €10,281 (-12.3%), from €83,745 to €73,464
- Tax, wage and social debts -€9,940
down €9,940 (-8.5%), from €117,041 to €107,101
of which Taxes: -€9,704
- Gross operating margin -€221,119
down €221,119 (-60.6%), from €365,016 to €143,897
- Write-downs -€37,390
down €37,390, from €10 to -€37,380
- Staff costs +€25,666
up €25,666 (+8.1%), from €314,971 to €340,637
- Other operating charges +€5,757
up €5,757 (+14.2%), from €40,575 to €46,332
- Financial charges +€4,386
up €4,386 (+98.9%), from €4,433 to €8,818
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 | €480,978 | €427,647 | -€53,331 | -11.1% |
| Fixed assets | 21/28 | €140,830 | €71,737 | -€69,093 | -49.1% |
| Tangible fixed assets | 22/27 | €128,541 | €68,242 | -€60,300 | -46.9% |
| Plant, machinery and equipment | 23 | €28,976 | €15,356 | -€13,620 | -47.0% |
| Furniture and vehicles | 24 | €51,757 | €27,142 | -€24,614 | -47.6% |
| Other tangible fixed assets | 26 | €47,809 | €25,743 | -€22,066 | -46.2% |
| Financial fixed assets | 28 | €12,288 | €3,495 | -€8,794 | -71.6% |
| Current assets | 29/58 | €340,148 | €355,910 | +€15,762 | +4.6% |
| Stocks and contracts in progress | 3 | €242,039 | €254,353 | +€12,314 | +5.1% |
| Stocks | 30/36 | €242,039 | €254,353 | +€12,314 | +5.1% |
| Amounts receivable within one year | 40/41 | €60,524 | €14,785 | -€45,739 | -75.6% |
| Trade receivables | 40 | €60,524 | €14,785 | -€45,739 | -75.6% |
| Cash at bank and in hand | 54/58 | €36,447 | €63,978 | +€27,531 | +75.5% |
| Deferred charges and accrued income | 490/1 | €1,138 | €22,795 | +€21,657 | +1,903% |
| Total equity and liabilities | 10/49 | €480,978 | €427,647 | -€53,331 | -11.1% |
| Equity | 10/15 | -€251,967 | -€516,179 | -€264,212 | -105% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€271,967 | -€536,179 | -€264,212 | -97.1% |
| Amounts payable | 17/49 | €732,945 | €943,826 | +€210,881 | +28.8% |
| Amounts payable after more than one year | 17 | €131,508 | €58,045 | -€73,464 | -55.9% |
| Financial debts | 170/4 | €131,508 | €58,045 | -€73,464 | -55.9% |
| Amounts payable within one year | 42/48 | €601,437 | €885,782 | +€284,345 | +47.3% |
| Current portion of amounts payable after more than one year | 42 | €83,745 | €73,464 | -€10,281 | -12.3% |
| Trade debts | 44 | €400,650 | €705,217 | +€304,566 | +76.0% |
| Suppliers | 440/4 | €400,650 | €705,217 | +€304,566 | +76.0% |
| Taxes, remuneration and social security | 45 | €117,041 | €107,101 | -€9,940 | -8.5% |
| Taxes | 450/3 | €59,902 | €50,198 | -€9,704 | -16.2% |
| Remuneration and social security | 454/9 | €57,139 | €56,903 | -€236 | -0.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €314,971 | €340,637 | +€25,666 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,949 | €57,963 | +€14 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10 | -€37,380 | -€37,390 | |
| Other operating charges | 640/8 | €40,575 | €46,332 | +€5,757 | +14.2% |
| Gross operating margin | 9900 | €365,016 | €143,897 | -€221,119 | -60.6% |
| Operating profit (loss) | 9901 | -€48,489 | -€263,655 | -€215,166 | -444% |
| Financial income | 75/76B | €11,052 | €8,262 | -€2,790 | -25.2% |
| Recurring financial income | 75 | €11,052 | €8,262 | -€2,790 | -25.2% |
| Financial charges | 65/66B | €4,433 | €8,818 | +€4,386 | +98.9% |
| Recurring financial charges | 65 | €4,433 | €8,818 | +€4,386 | +98.9% |
| Profit (loss) for the period before taxes | 9903 | -€41,870 | -€264,212 | -€222,342 | -531% |
| Profit (loss) for the period | 9904 | -€41,870 | -€264,212 | -€222,342 | -531% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,870 | -€264,212 | -€222,342 | -531% |
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 22 October 2026 via checked.be.