ROUX: 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
ROUX
NACE 46.833, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.4m
2024 · -€41,984-€1.3m
Equity
-€1.3m
2024 · €43,119-€1.4m
Cash
€29,834
2024 · €32,460-€2,626
Balance sheet total
€2.0m
2024 · €3.3m-€1.3m
Largest movements
Assets
- Receivables within one year -€757,887
down €757,887 (-50.1%), from €1.5m to €754,937
of which Trade receivables: -€717,178
- Stocks and contracts -€404,364
down €404,364 (-38.0%), from €1.1m to €660,795
- Financial fixed assets -€80,510
down €80,510 (-40.3%), from €199,553 to €119,043
- Tangible fixed assets -€55,859
down €55,859 (-12.7%), from €438,371 to €382,511
Equity and liabilities
- Profit (loss) carried forward -€1.4m
down €1.4m (-75.6%), from -€1.8m to -€3.2m
- Short-term financial debts -€191,035
down €191,035 (-24.6%), from €776,757 to €585,721
- Tax, wage and social debts -€185,370
down €185,370 (-73.7%), from €251,515 to €66,144
of which Taxes: -€112,133
- Other debts +€167,987
up €167,987 (+101.3%), from €165,766 to €333,753
- Trade debts +€157,797
up €157,797 (+10.1%), from €1.6m to €1.7m
Income statement
- Gross operating margin -€793,837
down €793,837, from €750,516 to -€43,320
- Financial charges +€390,406
up €390,406 (+365.8%), from €106,715 to €497,121
of which Financial charges: +€309,897
- Financial income -€57,943
down €57,943 (-95.8%), from €60,499 to €2,556
- Write-downs +€25,018
up €25,018 (+110.2%), from €22,696 to €47,714
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
-€41,984
Gross operating margin
-€793,837
Staff costs
+€3,695
Depreciation
-€7,323
Write-downs
-€25,018
Other operating charges
+€6,081
Other operating items
-€54,295
Financial income
-€57,943
Financial charges
-€390,406
Taxes
+€11
Result 2025
-€1.4m
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.
From operations
-€1,702
Investment
+€120,384
Financing
-€121,308
Cash 2024
€32,460
From operations (derived)
-€1,702
Net result for the year
-€1.4m
Depreciation
+€48,825
Stocks and contracts
+€404,364
Receivables within one year
+€757,887
Deferred charges and accrued income
+€13,096
Trade debts
+€157,797
Tax, wage and social debts
-€185,370
Other debts
+€167,987
Accrued charges and deferred income
-€5,268
Investment (derived)
+€120,384
Investment in fixed assets (net)
+€120,380
Current investments
+€5
Financing
-€121,308
Debts after one year
+€73,181
Current portion of long-term debt
-€3,454
Short-term financial debts
-€191,035
Cash 2025
€29,834
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,317,711 | €1,970,529 | -€1.3m | -40.6% |
| Fixed assets | 21/28 | €676,899 | €507,695 | -€169,204 | -25.0% |
| Intangible fixed assets | 21 | €38,976 | €6,141 | -€32,835 | -84.2% |
| Tangible fixed assets | 22/27 | €438,371 | €382,511 | -€55,859 | -12.7% |
| Land and buildings | 22 | €332,630 | €310,173 | -€22,457 | -6.8% |
| Plant, machinery and equipment | 23 | €26,165 | €16,708 | -€9,457 | -36.1% |
| Furniture and vehicles | 24 | €7,412 | €6,411 | -€1,000 | -13.5% |
| Leasing and similar rights | 25 | €72,164 | €49,220 | -€22,945 | -31.8% |
| Financial fixed assets | 28 | €199,553 | €119,043 | -€80,510 | -40.3% |
| Current assets | 29/58 | €2,640,812 | €1,462,834 | -€1.2m | -44.6% |
| Stocks and contracts in progress | 3 | €1,065,159 | €660,795 | -€404,364 | -38.0% |
| Stocks | 30/36 | €1,065,159 | €660,795 | -€404,364 | -38.0% |
| Amounts receivable within one year | 40/41 | €1,512,824 | €754,937 | -€757,887 | -50.1% |
| Trade receivables | 40 | €1,327,958 | €610,780 | -€717,178 | -54.0% |
| Other amounts receivable | 41 | €184,866 | €144,157 | -€40,709 | -22.0% |
| Current investments | 50/53 | €5 | - | -€5 | |
| Cash at bank and in hand | 54/58 | €32,460 | €29,834 | -€2,626 | -8.1% |
| Deferred charges and accrued income | 490/1 | €30,364 | €17,268 | -€13,096 | -43.1% |
| Total equity and liabilities | 10/49 | €3,317,711 | €1,970,529 | -€1.3m | -40.6% |
| Equity | 10/15 | €43,119 | -€1,317,900 | -€1.4m | |
| Contributions | 10/11 | €1,100,000 | €1,100,000 | = | 0.0% |
| Capital | 10 | €1,100,000 | €1,100,000 | = | 0.0% |
| Issued capital | 100 | €1,100,000 | €1,100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €261,950 | €261,950 | = | 0.0% |
| Reserves | 13 | €481,353 | €481,353 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,524 | €19,524 | = | 0.0% |
| Legal reserve | 130 | €19,336 | €19,336 | = | 0.0% |
| Reserves not available under the articles | 1311 | €188 | €188 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,789 | €10,789 | = | 0.0% |
| Distributable reserves | 133 | €451,040 | €451,040 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,800,185 | -€3,161,204 | -€1.4m | -75.6% |
| Amounts payable | 17/49 | €3,274,592 | €3,288,429 | +€13,837 | +0.4% |
| Amounts payable after more than one year | 17 | €311,119 | €384,300 | +€73,181 | +23.5% |
| Financial debts | 170/4 | €311,119 | €384,300 | +€73,181 | +23.5% |
| Amounts payable within one year | 42/48 | €2,946,094 | €2,892,019 | -€54,076 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €189,615 | €186,161 | -€3,454 | -1.8% |
| Financial debts | 43 | €776,757 | €585,721 | -€191,035 | -24.6% |
| Credit institutions | 430/8 | €776,757 | €585,721 | -€191,035 | -24.6% |
| Trade debts | 44 | €1,562,442 | €1,720,239 | +€157,797 | +10.1% |
| Suppliers | 440/4 | €1,562,442 | €1,720,239 | +€157,797 | +10.1% |
| Taxes, remuneration and social security | 45 | €251,515 | €66,144 | -€185,370 | -73.7% |
| Taxes | 450/3 | €134,177 | €22,043 | -€112,133 | -83.6% |
| Remuneration and social security | 454/9 | €117,338 | €44,101 | -€73,237 | -62.4% |
| Other amounts payable | 47/48 | €165,766 | €333,753 | +€167,987 | +101.3% |
| Accrued charges and deferred income | 492/3 | €17,379 | €12,111 | -€5,268 | -30.3% |
| Non-recurring operating income | 76A | €2,657 | €1,899 | -€758 | -28.5% |
| Remuneration, social security and pensions | 62 | €623,578 | €619,883 | -€3,695 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,502 | €48,825 | +€7,323 | +17.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,696 | €47,714 | +€25,018 | +110.2% |
| Other operating charges | 640/8 | €40,197 | €34,116 | -€6,081 | -15.1% |
| Non-recurring operating charges | 66A | €17,392 | €71,687 | +€54,295 | +312.2% |
| Gross operating margin | 9900 | €750,516 | -€43,320 | -€793,837 | |
| Operating profit (loss) | 9901 | €5,151 | -€865,546 | -€870,697 | |
| Financial income | 75/76B | €60,499 | €2,556 | -€57,943 | -95.8% |
| Recurring financial income | 75 | €60,499 | €2,556 | -€57,943 | -95.8% |
| Financial charges | 65/66B | €106,715 | €497,121 | +€390,406 | +365.8% |
| Recurring financial charges | 65 | €106,715 | €416,612 | +€309,897 | +290.4% |
| Non-recurring financial charges | 66B | - | €80,509 | +€80,509 | |
| Profit (loss) for the period before taxes | 9903 | -€41,065 | -€1,360,111 | -€1.3m | -3212.1% |
| Income taxes | 67/77 | €919 | €908 | -€11 | -1.1% |
| Profit (loss) for the period | 9904 | -€41,984 | -€1,361,019 | -€1.3m | -3141.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,984 | -€1,361,019 | -€1.3m | -3141.7% |
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.