Les Rouges: 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.
Les Rouges
Largest movements
- Tangible fixed assets -€11,348
down €11,348 (-22.8%), from €49,836 to €38,488
of which Plant, machinery and equipment: -€10,920
- Receivables within one year -€4,092
down €4,092 (-21.8%), from €18,800 to €14,708
of which Other amounts receivable: -€4,092
- Deferred charges and accrued income +€1,492
up €1,492 (+77.8%), from €1,917 to €3,410
- Cash +€989
up €989 (+26.0%), from €3,804 to €4,793
mainly Depreciation (+€11,348) and Other debts (+€5,000)
- Profit (loss) carried forward -€16,743
down €16,743 (-59.6%), from -€28,072 to -€44,814
- Other debts +€5,000
up €5,000 (+6.4%), from €77,723 to €82,723
- Trade debts -€1,411
down €1,411 (-53.3%), from €2,646 to €1,234
- Depreciation +€1,394
up €1,394 (+14.0%), from €9,954 to €11,348
- Gross operating margin -€682
down €682 (-25.3%), from -€2,690 to -€3,371
- Other operating charges -€235
down €235 (-11.2%), from €2,098 to €1,863
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.
Cash bridge derived
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 | €74,358 | €61,399 | -€12,960 | -17.4% |
| Fixed assets | 21/28 | €49,836 | €38,488 | -€11,348 | -22.8% |
| Tangible fixed assets | 22/27 | €49,836 | €38,488 | -€11,348 | -22.8% |
| Land and buildings | 22 | €825 | €397 | -€429 | -51.9% |
| Plant, machinery and equipment | 23 | €49,011 | €38,091 | -€10,920 | -22.3% |
| Current assets | 29/58 | €24,522 | €22,910 | -€1,611 | -6.6% |
| Amounts receivable within one year | 40/41 | €18,800 | €14,708 | -€4,092 | -21.8% |
| Trade receivables | 40 | €13,483 | €13,483 | = | 0.0% |
| Other amounts receivable | 41 | €5,318 | €1,225 | -€4,092 | -77.0% |
| Cash at bank and in hand | 54/58 | €3,804 | €4,793 | +€989 | +26.0% |
| Deferred charges and accrued income | 490/1 | €1,917 | €3,410 | +€1,492 | +77.8% |
| Total equity and liabilities | 10/49 | €74,358 | €61,399 | -€12,960 | -17.4% |
| Equity | 10/15 | -€7,447 | -€24,189 | -€16,743 | -224.8% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Contributions outside capital | 11 | €18,750 | €18,750 | = | 0.0% |
| Other | 1109/19 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,875 | €1,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,072 | -€44,814 | -€16,743 | -59.6% |
| Amounts payable | 17/49 | €81,805 | €85,588 | +€3,783 | +4.6% |
| Amounts payable within one year | 42/48 | €81,805 | €85,588 | +€3,783 | +4.6% |
| Trade debts | 44 | €2,646 | €1,234 | -€1,411 | -53.3% |
| Suppliers | 440/4 | €2,646 | €1,234 | -€1,411 | -53.3% |
| Taxes, remuneration and social security | 45 | €1,436 | €1,630 | +€194 | +13.5% |
| Taxes | 450/3 | €1,436 | €1,630 | +€194 | +13.5% |
| Other amounts payable | 47/48 | €77,723 | €82,723 | +€5,000 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,954 | €11,348 | +€1,394 | +14.0% |
| Other operating charges | 640/8 | €2,098 | €1,863 | -€235 | -11.2% |
| Gross operating margin | 9900 | -€2,690 | -€3,371 | -€682 | -25.3% |
| Operating profit (loss) | 9901 | -€14,742 | -€16,582 | -€1,840 | -12.5% |
| Financial charges | 65/66B | €135 | €160 | +€25 | +18.7% |
| Recurring financial charges | 65 | €135 | €160 | +€25 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,877 | -€16,743 | -€1,866 | -12.5% |
| Profit (loss) for the period | 9904 | -€14,877 | -€16,743 | -€1,866 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,877 | -€16,743 | -€1,866 | -12.5% |
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 9 October 2026 via checked.be.