LA ROUE LIBRE: 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 LIBRE
Largest movements
- Current investments -€495,689
down €495,689 (-100%), from €495,689 to €0
- Cash +€466,617
up €466,617 (+80.9%), from €576,796 to €1.0m
mainly Current investments (+€495,689) and Stocks and contracts (+€240,355)
- Stocks and contracts -€240,355
down €240,355 (-21.8%), from €1.1m to €863,253
- Receivables within one year +€165,718
up €165,718 (+327%), from €50,704 to €216,422
of which Other amounts receivable: +€184,234
- Tangible fixed assets -€41,826
down €41,826 (-4.5%), from €926,429 to €884,603
of which Plant, machinery and equipment: -€35,242
- Reserves -€126,248
down €126,248 (-5.4%), from €2.3m to €2.2m
of which Distributable reserves: -€103,000
- Gross operating margin -€75,781
down €75,781 (-16.7%), from €453,214 to €377,433
- Financial charges +€29,473
up €29,473 (+360%), from €8,177 to €37,651
of which Non-recurring financial charges: +€34,898
- Staff costs -€28,442
down €28,442 (-13.6%), from €209,245 to €180,802
- Financial income -€7,816
down €7,816 (-34.4%), from €22,694 to €14,878
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 | €3,159,811 | €3,014,277 | -€145,534 | -4.6% |
| Fixed assets | 21/28 | €933,014 | €891,188 | -€41,826 | -4.5% |
| Tangible fixed assets | 22/27 | €926,429 | €884,603 | -€41,826 | -4.5% |
| Land and buildings | 22 | €686,165 | €682,846 | -€3,319 | -0.5% |
| Plant, machinery and equipment | 23 | €236,086 | €200,844 | -€35,242 | -14.9% |
| Furniture and vehicles | 24 | €4,178 | €913 | -€3,265 | -78.1% |
| Financial fixed assets | 28 | €6,585 | €6,585 | = | 0.0% |
| Current assets | 29/58 | €2,226,797 | €2,123,088 | -€103,708 | -4.7% |
| Stocks and contracts in progress | 3 | €1,103,608 | €863,253 | -€240,355 | -21.8% |
| Stocks | 30/36 | €1,103,608 | €863,253 | -€240,355 | -21.8% |
| Amounts receivable within one year | 40/41 | €50,704 | €216,422 | +€165,718 | +327% |
| Trade receivables | 40 | €29,776 | €11,260 | -€18,516 | -62.2% |
| Other amounts receivable | 41 | €20,928 | €205,162 | +€184,234 | +880% |
| Current investments | 50/53 | €495,689 | €0 | -€495,689 | -100% |
| Cash at bank and in hand | 54/58 | €576,796 | €1,043,413 | +€466,617 | +80.9% |
| Total equity and liabilities | 10/49 | €3,159,811 | €3,014,277 | -€145,534 | -4.6% |
| Equity | 10/15 | €3,007,923 | €2,881,450 | -€126,473 | -4.2% |
| Contributions | 10/11 | €662,000 | €662,000 | = | 0.0% |
| Capital | 10 | €662,000 | €662,000 | = | 0.0% |
| Issued capital | 100 | €662,000 | €662,000 | = | 0.0% |
| Reserves | 13 | €2,345,159 | €2,218,911 | -€126,248 | -5.4% |
| Non-distributable reserves | 130/1 | €10,200 | €10,200 | = | 0.0% |
| Legal reserve | 130 | €10,200 | €10,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €173,645 | €150,396 | -€23,248 | -13.4% |
| Distributable reserves | 133 | €2,161,314 | €2,058,314 | -€103,000 | -4.8% |
| Profit (loss) carried forward | 14 | €764 | €539 | -€225 | -29.4% |
| Provisions and deferred taxes | 16 | €57,882 | €50,132 | -€7,749 | -13.4% |
| Deferred taxes | 168 | €57,882 | €50,132 | -€7,749 | -13.4% |
| Amounts payable | 17/49 | €94,006 | €82,694 | -€11,312 | -12.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €94,006 | €82,694 | -€11,312 | -12.0% |
| Trade debts | 44 | €55,539 | €53,006 | -€2,533 | -4.6% |
| Suppliers | 440/4 | €55,539 | €53,006 | -€2,533 | -4.6% |
| Taxes, remuneration and social security | 45 | €38,467 | €29,688 | -€8,779 | -22.8% |
| Taxes | 450/3 | €10,928 | €25 | -€10,903 | -99.8% |
| Remuneration and social security | 454/9 | €27,539 | €29,663 | +€2,124 | +7.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €209,245 | €180,802 | -€28,442 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,161 | €41,826 | -€2,335 | -5.3% |
| Other operating charges | 640/8 | €14,090 | €15,675 | +€1,585 | +11.2% |
| Non-recurring operating charges | 66A | €63,799 | €0 | -€63,799 | -100% |
| Gross operating margin | 9900 | €453,214 | €377,433 | -€75,781 | -16.7% |
| Operating profit (loss) | 9901 | €121,919 | €139,130 | +€17,211 | +14.1% |
| Financial income | 75/76B | €22,694 | €14,878 | -€7,816 | -34.4% |
| Recurring financial income | 75 | €22,694 | €14,878 | -€7,816 | -34.4% |
| Financial charges | 65/66B | €8,177 | €37,651 | +€29,473 | +360% |
| Recurring financial charges | 65 | €8,177 | €2,753 | -€5,424 | -66.3% |
| Non-recurring financial charges | 66B | - | €34,898 | +€34,898 | |
| Profit (loss) for the period before taxes | 9903 | €136,437 | €116,357 | -€20,079 | -14.7% |
| Transfer from deferred taxes | 780 | €7,859 | €7,749 | -€110 | -1.4% |
| Income taxes | 67/77 | €38,337 | €36,580 | -€1,758 | -4.6% |
| Profit (loss) for the period | 9904 | €105,959 | €87,527 | -€18,432 | -17.4% |
| Transfer from tax-exempt reserves | 789 | €23,578 | €23,248 | -€330 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €129,537 | €110,775 | -€18,762 | -14.5% |
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 31 October 2026 via checked.be.