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
- Receivables within one year +€16,891
up €16,891 (+29.1%), from €58,086 to €74,977
of which Other amounts receivable: +€19,584
- Intangible fixed assets -€11,967
down €11,967 (-20.4%), from €58,718 to €46,751
- Cash -€2,694
down €2,694 (-15.7%), from €17,118 to €14,425
mainly Other debts (-€21,509) and Receivables within one year (-€16,891)
- Tangible fixed assets -€1,852
down €1,852 (-16.2%), from €11,458 to €9,606
of which Other tangible fixed assets: -€1,630
- Other debts -€21,509
down €21,509 (-100%), from €21,509 to €0
- Profit (loss) carried forward +€10,447
up €10,447 (+27.4%), from -€38,102 to -€27,655
- Debts after one year +€8,000
up €8,000 (+7.8%), from €102,000 to €110,000
of which Financial debts: +€8,000
- Advances received +€6,189
new in 2025: €6,189
- Trade debts -€5,772
down €5,772 (-27.7%), from €20,857 to €15,084
- Gross operating margin +€74,706
up €74,706 (+77.7%), from €96,125 to €170,831
- Staff costs +€29,355
up €29,355 (+26.8%), from €109,435 to €138,790
- Depreciation +€5,391
up €5,391 (+51.4%), from €10,487 to €15,878
- Other operating charges +€2,413
up €2,413 (+209%), from €1,154 to €3,567
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 | €149,710 | €151,304 | +€1,594 | +1.1% |
| Fixed assets | 21/28 | €70,176 | €57,407 | -€12,769 | -18.2% |
| Intangible fixed assets | 21 | €58,718 | €46,751 | -€11,967 | -20.4% |
| Tangible fixed assets | 22/27 | €11,458 | €9,606 | -€1,852 | -16.2% |
| Plant, machinery and equipment | 23 | €2,187 | €2,170 | -€18 | -0.8% |
| Furniture and vehicles | 24 | €467 | €263 | -€204 | -43.6% |
| Other tangible fixed assets | 26 | €8,803 | €7,173 | -€1,630 | -18.5% |
| Financial fixed assets | 28 | - | €1,050 | +€1,050 | |
| Current assets | 29/58 | €79,534 | €93,898 | +€14,363 | +18.1% |
| Stocks and contracts in progress | 3 | €3,998 | €4,496 | +€498 | +12.5% |
| Stocks | 30/36 | €3,998 | €4,496 | +€498 | +12.5% |
| Amounts receivable within one year | 40/41 | €58,086 | €74,977 | +€16,891 | +29.1% |
| Trade receivables | 40 | €4,291 | €1,598 | -€2,693 | -62.8% |
| Other amounts receivable | 41 | €53,795 | €73,379 | +€19,584 | +36.4% |
| Cash at bank and in hand | 54/58 | €17,118 | €14,425 | -€2,694 | -15.7% |
| Deferred charges and accrued income | 490/1 | €332 | €0 | -€332 | -100% |
| Total equity and liabilities | 10/49 | €149,710 | €151,304 | +€1,594 | +1.1% |
| Equity | 10/15 | -€26,102 | -€15,655 | +€10,447 | +40.0% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,102 | -€27,655 | +€10,447 | +27.4% |
| Amounts payable | 17/49 | €175,812 | €166,960 | -€8,852 | -5.0% |
| Amounts payable after more than one year | 17 | €102,000 | €110,000 | +€8,000 | +7.8% |
| Financial debts | 170/4 | - | €8,000 | +€8,000 | |
| Other amounts payable | 178/9 | €102,000 | €102,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €73,812 | €56,960 | -€16,852 | -22.8% |
| Financial debts | 43 | - | €893 | +€893 | |
| Credit institutions | 430/8 | - | €893 | +€893 | |
| Trade debts | 44 | €20,857 | €15,084 | -€5,772 | -27.7% |
| Suppliers | 440/4 | €20,857 | €15,084 | -€5,772 | -27.7% |
| Advances received on contracts in progress | 46 | - | €6,189 | +€6,189 | |
| Taxes, remuneration and social security | 45 | €31,446 | €34,794 | +€3,348 | +10.6% |
| Taxes | 450/3 | €29,305 | €34,794 | +€5,489 | +18.7% |
| Remuneration and social security | 454/9 | €2,141 | €0 | -€2,141 | -100% |
| Other amounts payable | 47/48 | €21,509 | €0 | -€21,509 | -100% |
| Remuneration, social security and pensions | 62 | €109,435 | €138,790 | +€29,355 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,487 | €15,878 | +€5,391 | +51.4% |
| Other operating charges | 640/8 | €1,154 | €3,567 | +€2,413 | +209% |
| Gross operating margin | 9900 | €96,125 | €170,831 | +€74,706 | +77.7% |
| Operating profit (loss) | 9901 | -€24,950 | €12,596 | +€37,546 | |
| Financial income | 75/76B | €20 | €130 | +€110 | +546% |
| Recurring financial income | 75 | €20 | €130 | +€110 | +546% |
| Financial charges | 65/66B | €613 | €733 | +€120 | +19.6% |
| Recurring financial charges | 65 | €613 | €733 | +€120 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | -€25,543 | €11,993 | +€37,536 | |
| Income taxes | 67/77 | - | €1,547 | +€1,547 | |
| Profit (loss) for the period | 9904 | -€25,543 | €10,447 | +€35,990 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,543 | €10,447 | +€35,990 |
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 13 October 2026 via checked.be.