LA ROSE: what changed
Two fiscal 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 ROSE
Largest movements
- Receivables within one year +€81,017
up €81,017 (+52.1%), from €155,576 to €236,593
of which Trade receivables: +€88,217
- Stocks and contracts +€14,000
up €14,000 (+45.8%), from €30,558 to €44,558
- Cash +€10,744
up €10,744 (+191.5%), from €5,611 to €16,355
mainly Net result for the year (+€45,674) and Trade debts (+€33,148)
- Tangible fixed assets -€8,608
down €8,608 (-33.3%), from €25,825 to €17,217
- Profit (loss) carried forward +€45,674
up €45,674 (+23.7%), from €192,529 to €238,203
- Trade debts +€33,148
new in 2025: €33,148
- Tax, wage and social debts +€12,257
up €12,257 (+374.3%), from €3,275 to €15,531
of which Remuneration and social security: +€12,032
- Other debts +€6,052
up €6,052 (+62.1%), from €9,746 to €15,798
- Taxes -€19,759
no longer reported in 2025 (was €19,759)
- Staff costs +€10,565
up €10,565 (+95.5%), from €11,061 to €21,626
- Gross operating margin +€9,072
up €9,072 (+13.6%), from €66,950 to €76,023
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 | €217,571 | €314,723 | +€97,152 | +44.7% |
| Fixed assets | 21/28 | €25,825 | €17,217 | -€8,608 | -33.3% |
| Tangible fixed assets | 22/27 | €25,825 | €17,217 | -€8,608 | -33.3% |
| Furniture and vehicles | 24 | €25,825 | €17,217 | -€8,608 | -33.3% |
| Current assets | 29/58 | €191,745 | €297,506 | +€105,760 | +55.2% |
| Stocks and contracts in progress | 3 | €30,558 | €44,558 | +€14,000 | +45.8% |
| Stocks | 30/36 | €30,558 | €44,558 | +€14,000 | +45.8% |
| Amounts receivable within one year | 40/41 | €155,576 | €236,593 | +€81,017 | +52.1% |
| Trade receivables | 40 | €135,807 | €224,024 | +€88,217 | +65.0% |
| Other amounts receivable | 41 | €19,769 | €12,569 | -€7,200 | -36.4% |
| Cash at bank and in hand | 54/58 | €5,611 | €16,355 | +€10,744 | +191.5% |
| Total equity and liabilities | 10/49 | €217,571 | €314,723 | +€97,152 | +44.7% |
| Equity | 10/15 | €204,550 | €250,223 | +€45,674 | +22.3% |
| Reserves | 13 | €12,020 | €12,020 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,020 | €12,020 | = | 0.0% |
| Reserves not available under the articles | 1311 | €981 | €981 | = | 0.0% |
| Own shares acquired | 1312 | €11,039 | €11,039 | = | 0.0% |
| Profit (loss) carried forward | 14 | €192,529 | €238,203 | +€45,674 | +23.7% |
| Amounts payable | 17/49 | €13,021 | €64,499 | +€51,478 | +395.4% |
| Amounts payable within one year | 42/48 | €13,021 | €64,499 | +€51,478 | +395.4% |
| Financial debts | 43 | - | €22 | +€22 | |
| Credit institutions | 430/8 | - | €22 | +€22 | |
| Trade debts | 44 | - | €33,148 | +€33,148 | |
| Suppliers | 440/4 | - | €33,148 | +€33,148 | |
| Taxes, remuneration and social security | 45 | €3,275 | €15,531 | +€12,257 | +374.3% |
| Taxes | 450/3 | €1,676 | €1,900 | +€224 | +13.4% |
| Remuneration and social security | 454/9 | €1,599 | €13,631 | +€12,032 | +752.5% |
| Other amounts payable | 47/48 | €9,746 | €15,798 | +€6,052 | +62.1% |
| Remuneration, social security and pensions | 62 | €11,061 | €21,626 | +€10,565 | +95.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,608 | €8,608 | = | 0.0% |
| Other operating charges | 640/8 | €236 | €68 | -€168 | -71.2% |
| Gross operating margin | 9900 | €66,950 | €76,023 | +€9,072 | +13.6% |
| Operating profit (loss) | 9901 | €47,045 | €45,720 | -€1,325 | -2.8% |
| Financial charges | 65/66B | €67 | €47 | -€21 | -30.5% |
| Recurring financial charges | 65 | €67 | €47 | -€21 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €46,978 | €45,674 | -€1,304 | -2.8% |
| Income taxes | 67/77 | €19,759 | - | -€19,759 | |
| Profit (loss) for the period | 9904 | €27,218 | €45,674 | +€18,455 | +67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,218 | €45,674 | +€18,455 | +67.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.