ROSA: 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.
ROSA
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves +€223,994
up €223,994 (+205%), from €109,356 to €333,350
- Other debts -€216,746
down €216,746 (-37.1%), from €584,632 to €367,886
- Accrued charges and deferred income +€17,646
new in 2025: €17,646
- Debts after one year -€17,274
down €17,274 (-48.0%), from €36,021 to €18,748
- Gross operating margin -€7,977
down €7,977, from €2,202 to -€5,775
- Other operating charges +€1,088
new in 2025: €1,088
- Financial charges -€684
down €684 (-47.7%), from €1,432 to €749
- Taxes +€661
new in 2025: €661
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €738,728 | €746,748 | +€8,020 | +1.1% |
| Fixed assets | 21/28 | €733,910 | €733,910 | = | 0.0% |
| Financial fixed assets | 28 | €733,910 | €733,910 | = | 0.0% |
| Current assets | 29/58 | €4,818 | €12,838 | +€8,020 | +166% |
| Amounts receivable within one year | 40/41 | €1,943 | €6,179 | +€4,236 | +218% |
| Trade receivables | 40 | €1,943 | €3,767 | +€1,824 | +93.9% |
| Other amounts receivable | 41 | - | €2,412 | +€2,412 | |
| Cash at bank and in hand | 54/58 | €2,875 | €6,659 | +€3,784 | +132% |
| Total equity and liabilities | 10/49 | €738,728 | €746,748 | +€8,020 | +1.1% |
| Equity | 10/15 | €114,356 | €338,350 | +€223,994 | +196% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €109,356 | €333,350 | +€223,994 | +205% |
| Distributable reserves | 133 | €109,356 | €333,350 | +€223,994 | +205% |
| Amounts payable | 17/49 | €624,372 | €408,398 | -€215,973 | -34.6% |
| Amounts payable after more than one year | 17 | €36,021 | €18,748 | -€17,274 | -48.0% |
| Financial debts | 170/4 | €36,021 | €18,748 | -€17,274 | -48.0% |
| Amounts payable within one year | 42/48 | €588,350 | €372,005 | -€216,346 | -36.8% |
| Trade debts | 44 | €2,049 | €2,275 | +€225 | +11.0% |
| Suppliers | 440/4 | €2,049 | €2,275 | +€225 | +11.0% |
| Taxes, remuneration and social security | 45 | €1,669 | €1,844 | +€175 | +10.5% |
| Taxes | 450/3 | €1,669 | €1,844 | +€175 | +10.5% |
| Other amounts payable | 47/48 | €584,632 | €367,886 | -€216,746 | -37.1% |
| Accrued charges and deferred income | 492/3 | - | €17,646 | +€17,646 | |
| Other operating charges | 640/8 | - | €1,088 | +€1,088 | |
| Gross operating margin | 9900 | €2,202 | -€5,775 | -€7,977 | |
| Operating profit (loss) | 9901 | €2,202 | -€6,863 | -€9,065 | |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €1,432 | €749 | -€684 | -47.7% |
| Recurring financial charges | 65 | €1,432 | €749 | -€684 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €778 | -€7,611 | -€8,389 | |
| Income taxes | 67/77 | - | €661 | +€661 | |
| Profit (loss) for the period | 9904 | €778 | -€8,272 | -€9,050 | |
| Profit (loss) for the period to be appropriated | 9905 | €778 | -€8,272 | -€9,050 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.