La Roue d'Or: 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 Roue d'Or
Largest movements
- Cash -€223,315
down €223,315 (-85.8%), from €260,313 to €36,999
mainly Investment in fixed assets (net) (-€222,000) and Receivables within one year (-€87,333)
- Tangible fixed assets +€218,851
up €218,851 (+828%), from €26,440 to €245,291
of which Furniture and vehicles: +€219,851
- Receivables within one year +€87,333
up €87,333 (+1,506%), from €5,800 to €93,133
of which Trade receivables: +€54,500
- Tax, wage and social debts +€47,256
up €47,256 (+37.1%), from €127,334 to €174,590
of which Remuneration and social security: +€23,801
- Trade debts +€18,635
up €18,635 (+19.4%), from €95,827 to €114,462
- Other debts +€10,810
up €10,810 (+7.6%), from €141,977 to €152,787
- Profit (loss) carried forward +€6,168
up €6,168 (+77.7%), from -€7,939 to -€1,770
- Gross operating margin -€123,440
down €123,440 (-31.4%), from €393,491 to €270,051
- Staff costs -€47,662
down €47,662 (-15.7%), from €303,015 to €255,352
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 | €358,699 | €441,568 | +€82,869 | +23.1% |
| Fixed assets | 21/28 | €76,741 | €295,592 | +€218,851 | +285% |
| Intangible fixed assets | 21 | €2,301 | €2,301 | = | 0.0% |
| Tangible fixed assets | 22/27 | €26,440 | €245,291 | +€218,851 | +828% |
| Plant, machinery and equipment | 23 | €8,845 | €8,845 | = | 0.0% |
| Furniture and vehicles | 24 | €8,595 | €228,446 | +€219,851 | +2,558% |
| Other tangible fixed assets | 26 | €9,000 | €8,000 | -€1,000 | -11.1% |
| Financial fixed assets | 28 | €48,000 | €48,000 | = | 0.0% |
| Current assets | 29/58 | €281,958 | €145,976 | -€135,982 | -48.2% |
| Stocks and contracts in progress | 3 | €15,845 | €15,845 | = | 0.0% |
| Stocks | 30/36 | €15,845 | €15,845 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,800 | €93,133 | +€87,333 | +1,506% |
| Trade receivables | 40 | - | €54,500 | +€54,500 | |
| Other amounts receivable | 41 | €5,800 | €38,633 | +€32,833 | +566% |
| Cash at bank and in hand | 54/58 | €260,313 | €36,999 | -€223,315 | -85.8% |
| Total equity and liabilities | 10/49 | €358,699 | €441,568 | +€82,869 | +23.1% |
| Equity | 10/15 | -€6,439 | -€270 | +€6,168 | +95.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Contributions outside capital | 11 | €1,500 | €1,500 | = | 0.0% |
| Other | 1109/19 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,939 | -€1,770 | +€6,168 | +77.7% |
| Amounts payable | 17/49 | €365,138 | €441,839 | +€76,701 | +21.0% |
| Amounts payable within one year | 42/48 | €365,138 | €441,839 | +€76,701 | +21.0% |
| Trade debts | 44 | €95,827 | €114,462 | +€18,635 | +19.4% |
| Suppliers | 440/4 | €95,827 | €114,462 | +€18,635 | +19.4% |
| Taxes, remuneration and social security | 45 | €127,334 | €174,590 | +€47,256 | +37.1% |
| Taxes | 450/3 | €36,048 | €59,502 | +€23,455 | +65.1% |
| Remuneration and social security | 454/9 | €91,286 | €115,088 | +€23,801 | +26.1% |
| Other amounts payable | 47/48 | €141,977 | €152,787 | +€10,810 | +7.6% |
| Remuneration, social security and pensions | 62 | €303,015 | €255,352 | -€47,662 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,149 | €3,149 | = | 0.0% |
| Other operating charges | 640/8 | €449 | €43 | -€406 | -90.5% |
| Gross operating margin | 9900 | €393,491 | €270,051 | -€123,440 | -31.4% |
| Operating profit (loss) | 9901 | €86,879 | €11,507 | -€75,372 | -86.8% |
| Financial income | 75/76B | €128 | €961 | +€833 | +652% |
| Recurring financial income | 75 | €128 | €961 | +€833 | +652% |
| Non-recurring financial income | 76B | €128 | €961 | +€833 | +652% |
| Financial charges | 65/66B | €6,774 | €6,300 | -€474 | -7.0% |
| Recurring financial charges | 65 | €6,774 | €6,300 | -€474 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €80,233 | €6,168 | -€74,064 | -92.3% |
| Profit (loss) for the period | 9904 | €80,233 | €6,168 | -€74,064 | -92.3% |
| Profit (loss) for the period to be appropriated | 9905 | €80,233 | €6,168 | -€74,064 | -92.3% |
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 14 October 2026 via checked.be.