ROSA: 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.
ROSA
Largest movements
- Receivables within one year -€40,844
down €40,844 (-99.7%), from €40,974 to €130
of which Trade receivables: -€40,974
- Cash -€4,111
down €4,111 (-26.4%), from €15,554 to €11,443
mainly Debts after one year (-€31,084) and Other debts (-€17,914)
- Tangible fixed assets -€3,897
no longer reported in 2025 (was €3,897)
of which Other tangible fixed assets: -€2,463
- Debts after one year -€31,084
down €31,084 (-74.1%), from €41,950 to €10,866
- Other debts -€17,914
down €17,914 (-74.3%), from €24,126 to €6,212
- Profit (loss) carried forward +€2,946
up €2,946 (+3.9%), from -€75,950 to -€73,004
- Tax, wage and social debts -€1,490
down €1,490 (-50.6%), from €2,946 to €1,455
- Accrued charges and deferred income -€958
no longer reported in 2025 (was €958)
- Gross operating margin -€17,355
down €17,355 (-87.9%), from €19,733 to €2,378
- Other operating charges -€14,213
no longer reported in 2025 (was €14,213)
- Depreciation -€5,011
no longer reported in 2025 (was €5,011)
- Taxes -€1,249
down €1,249, from €625 to -€624
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 | €60,425 | €11,924 | -€48,501 | -80.3% |
| Fixed assets | 21/28 | €3,897 | - | -€3,897 | |
| Tangible fixed assets | 22/27 | €3,897 | - | -€3,897 | |
| Plant, machinery and equipment | 23 | €386 | - | -€386 | |
| Furniture and vehicles | 24 | €1,048 | - | -€1,048 | |
| Other tangible fixed assets | 26 | €2,463 | - | -€2,463 | |
| Current assets | 29/58 | €56,528 | €11,924 | -€44,604 | -78.9% |
| Amounts receivable within one year | 40/41 | €40,974 | €130 | -€40,844 | -99.7% |
| Trade receivables | 40 | €40,974 | - | -€40,974 | |
| Other amounts receivable | 41 | - | €130 | +€130 | |
| Cash at bank and in hand | 54/58 | €15,554 | €11,443 | -€4,111 | -26.4% |
| Deferred charges and accrued income | 490/1 | - | €352 | +€352 | |
| Total equity and liabilities | 10/49 | €60,425 | €11,924 | -€48,501 | -80.3% |
| Equity | 10/15 | -€9,555 | -€6,609 | +€2,946 | +30.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €53,995 | €53,995 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,750 | €2,750 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,750 | €2,750 | = | 0.0% |
| Distributable reserves | 133 | €51,245 | €51,245 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,950 | -€73,004 | +€2,946 | +3.9% |
| Amounts payable | 17/49 | €69,980 | €18,534 | -€51,446 | -73.5% |
| Amounts payable after more than one year | 17 | €41,950 | €10,866 | -€31,084 | -74.1% |
| Financial debts | 170/4 | €41,950 | €10,866 | -€31,084 | -74.1% |
| Amounts payable within one year | 42/48 | €27,072 | €7,667 | -€19,404 | -71.7% |
| Taxes, remuneration and social security | 45 | €2,946 | €1,455 | -€1,490 | -50.6% |
| Taxes | 450/3 | €2,946 | €1,455 | -€1,490 | -50.6% |
| Other amounts payable | 47/48 | €24,126 | €6,212 | -€17,914 | -74.3% |
| Accrued charges and deferred income | 492/3 | €958 | - | -€958 | |
| Non-recurring operating income | 76A | €1,598 | €1,708 | +€110 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,011 | - | -€5,011 | |
| Other operating charges | 640/8 | €14,213 | - | -€14,213 | |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €19,733 | €2,378 | -€17,355 | -87.9% |
| Operating profit (loss) | 9901 | €508 | €2,378 | +€1,870 | +367.8% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €181 | €57 | -€124 | -68.7% |
| Recurring financial charges | 65 | €181 | €57 | -€124 | -68.7% |
| Profit (loss) for the period before taxes | 9903 | €329 | €2,321 | +€1,992 | +604.7% |
| Income taxes | 67/77 | €625 | -€624 | -€1,249 | |
| Profit (loss) for the period | 9904 | -€295 | €2,946 | +€3,241 | |
| Profit (loss) for the period to be appropriated | 9905 | -€295 | €2,946 | +€3,241 |
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 5 October 2026 via checked.be.