LOBET ROUSSEL: 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.
What changed
LOBET ROUSSEL
NACE 46.331, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€466,939
2024 · €509,855-€42,916
Equity
€3.0m
2024 · €2.7m+€272,460
Cash
€951,127
2024 · €1.4m-€464,366
Balance sheet total
€6.4m
2024 · €6.0m+€460,650
Largest movements
Assets
- Tangible fixed assets +€874,224
up €874,224 (+34.7%), from €2.5m to €3.4m
of which Land and buildings: +€744,467
- Cash -€464,366
down €464,366 (-32.8%), from €1.4m to €951,127
mainly Investment in fixed assets (net) (-€1.2m) and Contributions, distributions and other (-€194,479)
Equity and liabilities
- Debts after one year +€239,161
up €239,161 (+14.9%), from €1.6m to €1.8m
- Profit (loss) carried forward +€166,939
up €166,939 (+6.5%), from €2.6m to €2.8m
- Accrued charges and deferred income -€140,000
no longer reported in 2025 (was €140,000)
- Other debts +€125,940
up €125,940 (+72.0%), from €175,000 to €300,940
- Investment grants +€105,521
new in 2025: €105,521
Income statement
- Gross operating margin +€252,139
up €252,139 (+16.9%), from €1.5m to €1.7m
- Depreciation +€162,686
up €162,686 (+132%), from €123,462 to €286,147
- Financial charges +€47,575
up €47,575 (+203%), from €23,424 to €70,999
- Staff costs +€37,222
up €37,222 (+5.2%), from €720,552 to €757,773
- Other operating charges +€34,829
up €34,829 (+89.2%), from €39,033 to €73,862
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.
Result 2024
€509,855
Gross operating margin
+€252,139
Staff costs
-€37,222
Depreciation
-€162,686
Write-downs
+€1,137
Other operating charges
-€34,829
Other operating items
-€50
Financial income
+€3,818
Financial charges
-€47,575
Taxes
-€17,650
Result 2025
€466,939
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€617,161
Investment
-€1.2m
Financing
+€69,453
Cash 2024
€1.4m
From operations (derived)
+€617,161
Net result for the year
+€466,939
Depreciation
+€286,147
Stocks and contracts
-€9,072
Receivables within one year
-€51,142
Deferred charges and accrued income
+€31
Trade debts
-€57,814
Tax, wage and social debts
-€3,868
Other debts
+€125,940
Accrued charges and deferred income
-€140,000
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
+€69,453
Debts after one year
+€239,161
Current portion of long-term debt
+€24,770
Contributions, distributions and other
-€194,479
Cash 2025
€951,127
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,984,405 | €6,445,055 | +€460,650 | +7.7% |
| Fixed assets | 21/28 | €2,534,299 | €3,399,131 | +€864,833 | +34.1% |
| Intangible fixed assets | 21 | €5,848 | €2,362 | -€3,486 | -59.6% |
| Tangible fixed assets | 22/27 | €2,520,411 | €3,394,635 | +€874,224 | +34.7% |
| Land and buildings | 22 | €1,853,757 | €2,598,224 | +€744,467 | +40.2% |
| Plant, machinery and equipment | 23 | €331,317 | €548,651 | +€217,334 | +65.6% |
| Furniture and vehicles | 24 | €328,582 | €242,039 | -€86,543 | -26.3% |
| Other tangible fixed assets | 26 | €6,754 | €5,720 | -€1,035 | -15.3% |
| Financial fixed assets | 28 | €8,040 | €2,135 | -€5,905 | -73.4% |
| Current assets | 29/58 | €3,450,106 | €3,045,923 | -€404,183 | -11.7% |
| Stocks and contracts in progress | 3 | €441,777 | €450,849 | +€9,072 | +2.1% |
| Stocks | 30/36 | €441,777 | €450,849 | +€9,072 | +2.1% |
| Amounts receivable within one year | 40/41 | €1,588,172 | €1,639,314 | +€51,142 | +3.2% |
| Trade receivables | 40 | €1,561,221 | €1,634,164 | +€72,944 | +4.7% |
| Other amounts receivable | 41 | €26,952 | €5,150 | -€21,802 | -80.9% |
| Cash at bank and in hand | 54/58 | €1,415,492 | €951,127 | -€464,366 | -32.8% |
| Deferred charges and accrued income | 490/1 | €4,664 | €4,634 | -€31 | -0.7% |
| Total equity and liabilities | 10/49 | €5,984,405 | €6,445,055 | +€460,650 | +7.7% |
| Equity | 10/15 | €2,717,454 | €2,989,914 | +€272,460 | +10.0% |
| Contributions | 10/11 | €80,592 | €80,592 | = | 0.0% |
| Capital | 10 | €80,592 | €80,592 | = | 0.0% |
| Issued capital | 100 | €80,592 | €80,592 | = | 0.0% |
| Reserves | 13 | €50,415 | €50,415 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,059 | €8,059 | = | 0.0% |
| Legal reserve | 130 | €8,059 | €8,059 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,168 | €10,168 | = | 0.0% |
| Distributable reserves | 133 | €32,188 | €32,188 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,586,446 | €2,753,385 | +€166,939 | +6.5% |
| Investment grants | 15 | - | €105,521 | +€105,521 | |
| Amounts payable | 17/49 | €3,266,951 | €3,455,141 | +€188,190 | +5.8% |
| Amounts payable after more than one year | 17 | €1,610,511 | €1,849,673 | +€239,161 | +14.9% |
| Financial debts | 170/4 | €1,610,511 | €1,849,673 | +€239,161 | +14.9% |
| Amounts payable within one year | 42/48 | €1,516,439 | €1,605,468 | +€89,028 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €86,926 | €111,696 | +€24,770 | +28.5% |
| Trade debts | 44 | €1,171,220 | €1,113,406 | -€57,814 | -4.9% |
| Suppliers | 440/4 | €1,171,220 | €1,113,406 | -€57,814 | -4.9% |
| Taxes, remuneration and social security | 45 | €83,294 | €79,426 | -€3,868 | -4.6% |
| Taxes | 450/3 | €41 | €21,195 | +€21,155 | +51,990% |
| Remuneration and social security | 454/9 | €83,253 | €58,230 | -€25,023 | -30.1% |
| Other amounts payable | 47/48 | €175,000 | €300,940 | +€125,940 | +72.0% |
| Accrued charges and deferred income | 492/3 | €140,000 | - | -€140,000 | |
| Non-recurring operating income | 76A | - | €140,000 | +€140,000 | |
| Remuneration, social security and pensions | 62 | €720,552 | €757,773 | +€37,222 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,462 | €286,147 | +€162,686 | +132% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,137 | - | -€1,137 | |
| Other operating charges | 640/8 | €39,033 | €73,862 | +€34,829 | +89.2% |
| Non-recurring operating charges | 66A | - | €50 | +€50 | |
| Gross operating margin | 9900 | €1,493,730 | €1,745,868 | +€252,139 | +16.9% |
| Operating profit (loss) | 9901 | €609,545 | €628,036 | +€18,490 | +3.0% |
| Financial income | 75/76B | €11,350 | €15,168 | +€3,818 | +33.6% |
| Recurring financial income | 75 | €11,350 | €15,168 | +€3,818 | +33.6% |
| Financial charges | 65/66B | €23,424 | €70,999 | +€47,575 | +203% |
| Recurring financial charges | 65 | €23,424 | €70,999 | +€47,575 | +203% |
| Profit (loss) for the period before taxes | 9903 | €597,471 | €572,205 | -€25,266 | -4.2% |
| Income taxes | 67/77 | €87,616 | €105,267 | +€17,650 | +20.1% |
| Profit (loss) for the period | 9904 | €509,855 | €466,939 | -€42,916 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €509,855 | €466,939 | -€42,916 | -8.4% |
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 28 October 2026 via checked.be.