LA ROMANCE: 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.
LA ROMANCE
Largest movements
- Cash +€143,296
new in 2025: €143,296
mainly Net result for the year (+€177,439) and Depreciation (+€154,912)
- Tangible fixed assets -€25,384
down €25,384 (-3.8%), from €659,854 to €634,470
of which Other tangible fixed assets: -€17,299
- Receivables within one year +€22,339
up €22,339 (+23.3%), from €95,705 to €118,044
of which Other amounts receivable: +€47,307
- Current investments -€19,434
no longer reported in 2025 (was €19,434)
- Profit (loss) carried forward +€177,439
up €177,439 (+127%), from €139,291 to €316,730
- Other debts -€84,048
down €84,048 (-42.9%), from €195,927 to €111,879
- Trade debts +€71,082
up €71,082 (+182%), from €38,995 to €110,077
- Debts after one year -€46,128
down €46,128 (-12.7%), from €363,167 to €317,039
- Tax, wage and social debts +€23,349
up €23,349 (+8.1%), from €288,676 to €312,024
of which Remuneration and social security: +€171,556
- Financial charges -€170,052
down €170,052 (-83.8%), from €202,893 to €32,841
of which Non-recurring financial charges: -€172,100
- Staff costs +€152,219
up €152,219 (+10.7%), from €1.4m to €1.6m
- Gross operating margin +€123,631
up €123,631 (+6.7%), from €1.9m to €2.0m
- Depreciation +€23,087
up €23,087 (+17.5%), from €131,825 to €154,912
- Financial income +€21,930
up €21,930 (+10,964,790%), from €0 to €21,930
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 | €1,315,488 | €1,459,366 | +€143,878 | +10.9% |
| Fixed assets | 21/28 | €1,150,254 | €1,124,870 | -€25,384 | -2.2% |
| Tangible fixed assets | 22/27 | €659,854 | €634,470 | -€25,384 | -3.8% |
| Land and buildings | 22 | €80,000 | €80,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €46,907 | €50,768 | +€3,861 | +8.2% |
| Furniture and vehicles | 24 | €55,655 | €50,426 | -€5,228 | -9.4% |
| Leasing and similar rights | 25 | €20,153 | €13,436 | -€6,718 | -33.3% |
| Other tangible fixed assets | 26 | €457,139 | €439,840 | -€17,299 | -3.8% |
| Financial fixed assets | 28 | €490,400 | €490,400 | = | 0.0% |
| Current assets | 29/58 | €165,233 | €334,496 | +€169,263 | +102% |
| Stocks and contracts in progress | 3 | €40,500 | €53,258 | +€12,758 | +31.5% |
| Stocks | 30/36 | €40,500 | €53,258 | +€12,758 | +31.5% |
| Amounts receivable within one year | 40/41 | €95,705 | €118,044 | +€22,339 | +23.3% |
| Trade receivables | 40 | €84,713 | €59,745 | -€24,968 | -29.5% |
| Other amounts receivable | 41 | €10,992 | €58,299 | +€47,307 | +430% |
| Current investments | 50/53 | €19,434 | - | -€19,434 | |
| Cash at bank and in hand | 54/58 | - | €143,296 | +€143,296 | |
| Deferred charges and accrued income | 490/1 | €9,594 | €19,897 | +€10,303 | +107% |
| Total equity and liabilities | 10/49 | €1,315,488 | €1,459,366 | +€143,878 | +10.9% |
| Equity | 10/15 | €384,777 | €562,216 | +€177,439 | +46.1% |
| Contributions | 10/11 | €245,486 | €245,486 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,291 | €316,730 | +€177,439 | +127% |
| Amounts payable | 17/49 | €930,711 | €897,150 | -€33,561 | -3.6% |
| Amounts payable after more than one year | 17 | €363,167 | €317,039 | -€46,128 | -12.7% |
| Financial debts | 170/4 | €363,167 | €317,039 | -€46,128 | -12.7% |
| Amounts payable within one year | 42/48 | €567,544 | €580,111 | +€12,567 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €43,946 | €46,131 | +€2,184 | +5.0% |
| Trade debts | 44 | €38,995 | €110,077 | +€71,082 | +182% |
| Suppliers | 440/4 | €38,995 | €110,077 | +€71,082 | +182% |
| Taxes, remuneration and social security | 45 | €288,676 | €312,024 | +€23,349 | +8.1% |
| Taxes | 450/3 | €288,676 | €140,468 | -€148,208 | -51.3% |
| Remuneration and social security | 454/9 | - | €171,556 | +€171,556 | |
| Other amounts payable | 47/48 | €195,927 | €111,879 | -€84,048 | -42.9% |
| Remuneration, social security and pensions | 62 | €1,423,190 | €1,575,409 | +€152,219 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,825 | €154,912 | +€23,087 | +17.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €995 | +€995 | |
| Other operating charges | 640/8 | €15,869 | €4,881 | -€10,988 | -69.2% |
| Gross operating margin | 9900 | €1,858,337 | €1,981,968 | +€123,631 | +6.7% |
| Operating profit (loss) | 9901 | €287,453 | €245,770 | -€41,683 | -14.5% |
| Financial income | 75/76B | €0 | €21,930 | +€21,930 | +10,964,790% |
| Recurring financial income | 75 | €0 | €21,930 | +€21,930 | +10,964,790% |
| Financial charges | 65/66B | €202,893 | €32,841 | -€170,052 | -83.8% |
| Recurring financial charges | 65 | €30,793 | €32,841 | +€2,048 | +6.7% |
| Non-recurring financial charges | 66B | €172,100 | - | -€172,100 | |
| Profit (loss) for the period before taxes | 9903 | €84,560 | €234,859 | +€150,299 | +178% |
| Income taxes | 67/77 | €65,063 | €57,420 | -€7,643 | -11.7% |
| Profit (loss) for the period | 9904 | €19,497 | €177,439 | +€157,942 | +810% |
| Profit (loss) for the period to be appropriated | 9905 | €19,497 | €177,439 | +€157,942 | +810% |
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 23 October 2026 via checked.be.