LA ROSE NOIRE: 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 ROSE NOIRE
Largest movements
- Cash +€128,192
up €128,192 (+21.4%), from €598,577 to €726,769
mainly Net result for the year (+€75,857) and Depreciation (+€43,005)
- Tangible fixed assets -€43,005
down €43,005 (-22.6%), from €190,546 to €147,541
of which Plant, machinery and equipment: -€23,472
- Reserves +€70,623
up €70,623 (+7.5%), from €935,519 to €1.0m
of which Distributable reserves: +€80,000
- Gross operating margin +€37,586
up €37,586 (+22.0%), from €170,855 to €208,441
- Turnover +€36,176
up €36,176 (+8.5%), from €427,327 to €463,503
- Other operating charges -€23,934
down €23,934 (-33.9%), from €70,569 to €46,635
- Depreciation -€5,627
down €5,627 (-11.6%), from €48,632 to €43,005
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 | €1,161,128 | €1,241,157 | +€80,029 | +6.9% |
| Fixed assets | 21/28 | €190,546 | €147,541 | -€43,005 | -22.6% |
| Tangible fixed assets | 22/27 | €190,546 | €147,541 | -€43,005 | -22.6% |
| Land and buildings | 22 | €127,843 | €111,896 | -€15,947 | -12.5% |
| Plant, machinery and equipment | 23 | €48,132 | €24,660 | -€23,472 | -48.8% |
| Furniture and vehicles | 24 | €14,571 | €10,985 | -€3,586 | -24.6% |
| Current assets | 29/58 | €970,582 | €1,093,616 | +€123,034 | +12.7% |
| Amounts receivable within one year | 40/41 | €368,025 | €366,847 | -€1,178 | -0.3% |
| Trade receivables | 40 | €12,758 | €22,440 | +€9,682 | +75.9% |
| Other amounts receivable | 41 | €355,267 | €344,407 | -€10,860 | -3.1% |
| Cash at bank and in hand | 54/58 | €598,577 | €726,769 | +€128,192 | +21.4% |
| Deferred charges and accrued income | 490/1 | €3,980 | - | -€3,980 | |
| Total equity and liabilities | 10/49 | €1,161,128 | €1,241,157 | +€80,029 | +6.9% |
| Equity | 10/15 | €1,028,663 | €1,101,521 | +€72,858 | +7.1% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Capital | 10 | €24,789 | €24,789 | = | 0.0% |
| Issued capital | 100 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €935,519 | €1,006,142 | +€70,623 | +7.5% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Legal reserve | 130 | €2,479 | €2,479 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,040 | €28,663 | -€9,377 | -24.7% |
| Distributable reserves | 133 | €895,000 | €975,000 | +€80,000 | +8.9% |
| Profit (loss) carried forward | 14 | €2,570 | €4,805 | +€2,235 | +87.0% |
| Investment grants | 15 | €65,785 | €65,785 | = | 0.0% |
| Amounts payable | 17/49 | €132,465 | €139,636 | +€7,171 | +5.4% |
| Amounts payable within one year | 42/48 | €131,935 | €138,576 | +€6,641 | +5.0% |
| Trade debts | 44 | €12,185 | €8,529 | -€3,656 | -30.0% |
| Suppliers | 440/4 | €12,185 | €8,529 | -€3,656 | -30.0% |
| Advances received on contracts in progress | 46 | €112,872 | €122,798 | +€9,926 | +8.8% |
| Taxes, remuneration and social security | 45 | €6,878 | €7,249 | +€371 | +5.4% |
| Taxes | 450/3 | €6,668 | €5,850 | -€818 | -12.3% |
| Remuneration and social security | 454/9 | €210 | €1,399 | +€1,189 | +566% |
| Accrued charges and deferred income | 492/3 | €530 | €1,060 | +€530 | +100% |
| Turnover | 70 | €427,327 | €463,503 | +€36,176 | +8.5% |
| Non-recurring operating income | 76A | €45 | €187 | +€142 | +316% |
| Goods, raw materials, services and sundry goods | 60/61 | €256,472 | €255,062 | -€1,410 | -0.5% |
| Remuneration, social security and pensions | 62 | €18,655 | €19,882 | +€1,227 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,632 | €43,005 | -€5,627 | -11.6% |
| Other operating charges | 640/8 | €70,569 | €46,635 | -€23,934 | -33.9% |
| Non-recurring operating charges | 66A | €230 | €1,051 | +€821 | +357% |
| Gross operating margin | 9900 | €170,855 | €208,441 | +€37,586 | +22.0% |
| Operating profit (loss) | 9901 | €32,769 | €97,868 | +€65,099 | +199% |
| Financial income | 75/76B | €1,167 | €1,979 | +€812 | +69.6% |
| Recurring financial income | 75 | €1,167 | €1,979 | +€812 | +69.6% |
| Financial charges | 65/66B | €940 | €884 | -€56 | -6.0% |
| Recurring financial charges | 65 | €940 | €884 | -€56 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €32,996 | €98,963 | +€65,967 | +200% |
| Income taxes | 67/77 | €21,220 | €23,106 | +€1,886 | +8.9% |
| Profit (loss) for the period | 9904 | €11,776 | €75,857 | +€64,081 | +544% |
| Transfer from tax-exempt reserves | 789 | €47,915 | €9,378 | -€38,537 | -80.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,691 | €85,235 | +€25,544 | +42.8% |
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 29 October 2026 via checked.be.