AD ROSIE: 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.
AD ROSIE
Largest movements
- Receivables within one year -€15,829
down €15,829 (-25.4%), from €62,435 to €46,606
of which Trade receivables: -€20,438
- Cash +€13,694
up €13,694 (+12.9%), from €106,238 to €119,932
mainly Net result for the year (+€18,635) and Receivables within one year (+€15,829)
- Stocks and contracts -€9,889
down €9,889 (-46.7%), from €21,193 to €11,304
- Tangible fixed assets -€2,265
down €2,265 (-27.1%), from €8,357 to €6,092
of which Land and buildings: -€1,467
- Trade debts -€10,341
down €10,341 (-24.3%), from €42,640 to €32,299
- Profit (loss) carried forward -€6,365
down €6,365 (-7.1%), from €89,119 to €82,754
- Gross operating margin +€20,504
up €20,504 (+251%), from €8,175 to €28,678
- Taxes +€3,895
up €3,895 (+246%), from €1,583 to €5,478
- Financial charges +€953
up €953 (+58.3%), from €1,633 to €2,586
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 | €198,559 | €183,956 | -€14,602 | -7.4% |
| Formation expenses | 20 | €287 | €22 | -€265 | -92.3% |
| Fixed assets | 21/28 | €8,357 | €6,092 | -€2,265 | -27.1% |
| Tangible fixed assets | 22/27 | €8,357 | €6,092 | -€2,265 | -27.1% |
| Land and buildings | 22 | €6,794 | €5,327 | -€1,467 | -21.6% |
| Furniture and vehicles | 24 | €1,563 | €765 | -€798 | -51.1% |
| Current assets | 29/58 | €189,914 | €177,842 | -€12,072 | -6.4% |
| Stocks and contracts in progress | 3 | €21,193 | €11,304 | -€9,889 | -46.7% |
| Stocks | 30/36 | €21,193 | €11,304 | -€9,889 | -46.7% |
| Amounts receivable within one year | 40/41 | €62,435 | €46,606 | -€15,829 | -25.4% |
| Trade receivables | 40 | €53,677 | €33,239 | -€20,438 | -38.1% |
| Other amounts receivable | 41 | €8,758 | €13,367 | +€4,610 | +52.6% |
| Cash at bank and in hand | 54/58 | €106,238 | €119,932 | +€13,694 | +12.9% |
| Deferred charges and accrued income | 490/1 | €49 | - | -€49 | |
| Total equity and liabilities | 10/49 | €198,559 | €183,956 | -€14,602 | -7.4% |
| Equity | 10/15 | €93,119 | €86,754 | -€6,365 | -6.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,119 | €82,754 | -€6,365 | -7.1% |
| Amounts payable | 17/49 | €105,439 | €97,202 | -€8,237 | -7.8% |
| Amounts payable within one year | 42/48 | €105,439 | €97,202 | -€8,237 | -7.8% |
| Trade debts | 44 | €42,640 | €32,299 | -€10,341 | -24.3% |
| Suppliers | 440/4 | €42,640 | €32,299 | -€10,341 | -24.3% |
| Taxes, remuneration and social security | 45 | €21,596 | €23,562 | +€1,966 | +9.1% |
| Taxes | 450/3 | €21,596 | €23,562 | +€1,966 | +9.1% |
| Other amounts payable | 47/48 | €41,204 | €41,341 | +€138 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,446 | €2,530 | +€84 | +3.4% |
| Other operating charges | 640/8 | €753 | €535 | -€218 | -29.0% |
| Gross operating margin | 9900 | €8,175 | €28,678 | +€20,504 | +251% |
| Operating profit (loss) | 9901 | €4,976 | €25,613 | +€20,638 | +415% |
| Financial income | 75/76B | €967 | €1,085 | +€118 | +12.2% |
| Recurring financial income | 75 | €967 | €1,085 | +€118 | +12.2% |
| Financial charges | 65/66B | €1,633 | €2,586 | +€953 | +58.3% |
| Recurring financial charges | 65 | €1,633 | €2,586 | +€953 | +58.3% |
| Profit (loss) for the period before taxes | 9903 | €4,310 | €24,112 | +€19,803 | +459% |
| Income taxes | 67/77 | €1,583 | €5,478 | +€3,895 | +246% |
| Profit (loss) for the period | 9904 | €2,727 | €18,635 | +€15,908 | +583% |
| Profit (loss) for the period to be appropriated | 9905 | €2,727 | €18,635 | +€15,908 | +583% |
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 25 October 2026 via checked.be.