ROSA-EUPEN: 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-EUPEN
Largest movements
- Cash +€32,689
up €32,689 (+23.6%), from €138,790 to €171,479
mainly Net result for the year (+€38,320) and Tax, wage and social debts (+€10,122)
- Receivables within one year -€8,226
down €8,226 (-63.9%), from €12,867 to €4,641
of which Trade receivables: -€8,020
- Reserves +€38,320
up €38,320 (+33.8%), from €113,255 to €151,575
- Other debts -€18,191
down €18,191 (-75.5%), from €24,100 to €5,909
- Tax, wage and social debts +€10,122
up €10,122 (+74.4%), from €13,603 to €23,724
of which Taxes: +€8,194
- Trade debts -€4,813
down €4,813 (-26.9%), from €17,876 to €13,063
- Gross operating margin -€18,834
down €18,834 (-18.6%), from €101,189 to €82,354
- Taxes -€5,895
down €5,895 (-27.5%), from €21,464 to €15,569
- Financial charges +€2,588
up €2,588 (+133.4%), from €1,940 to €4,528
- Other operating charges +€1,243
up €1,243 (+74.8%), from €1,660 to €2,903
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 | €177,034 | €202,472 | +€25,438 | +14.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €15,346 | €15,967 | +€620 | +4.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €8,086 | €8,707 | +€620 | +7.7% |
| Plant, machinery and equipment | 23 | €6,586 | €6,704 | +€118 | +1.8% |
| Furniture and vehicles | 24 | €1,500 | €2,002 | +€502 | +33.5% |
| Financial fixed assets | 28 | €7,260 | €7,260 | = | 0.0% |
| Current assets | 29/58 | €161,688 | €186,505 | +€24,817 | +15.3% |
| Stocks and contracts in progress | 3 | €6,364 | €6,364 | = | 0.0% |
| Stocks | 30/36 | €6,364 | €6,364 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,867 | €4,641 | -€8,226 | -63.9% |
| Trade receivables | 40 | €10,891 | €2,871 | -€8,020 | -73.6% |
| Other amounts receivable | 41 | €1,976 | €1,770 | -€206 | -10.4% |
| Cash at bank and in hand | 54/58 | €138,790 | €171,479 | +€32,689 | +23.6% |
| Deferred charges and accrued income | 490/1 | €3,667 | €4,021 | +€354 | +9.7% |
| Total equity and liabilities | 10/49 | €177,034 | €202,472 | +€25,438 | +14.4% |
| Equity | 10/15 | €121,455 | €159,775 | +€38,320 | +31.6% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €113,255 | €151,575 | +€38,320 | +33.8% |
| Distributable reserves | 133 | €113,255 | €151,575 | +€38,320 | +33.8% |
| Amounts payable | 17/49 | €55,579 | €42,697 | -€12,882 | -23.2% |
| Amounts payable within one year | 42/48 | €55,579 | €42,697 | -€12,882 | -23.2% |
| Trade debts | 44 | €17,876 | €13,063 | -€4,813 | -26.9% |
| Suppliers | 440/4 | €17,876 | €13,063 | -€4,813 | -26.9% |
| Taxes, remuneration and social security | 45 | €13,603 | €23,724 | +€10,122 | +74.4% |
| Taxes | 450/3 | €12,006 | €20,200 | +€8,194 | +68.2% |
| Remuneration and social security | 454/9 | €1,597 | €3,525 | +€1,928 | +120.7% |
| Other amounts payable | 47/48 | €24,100 | €5,909 | -€18,191 | -75.5% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €19,465 | €19,571 | +€106 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,438 | €2,112 | -€326 | -13.4% |
| Other operating charges | 640/8 | €1,660 | €2,903 | +€1,243 | +74.8% |
| Gross operating margin | 9900 | €101,189 | €82,354 | -€18,834 | -18.6% |
| Operating profit (loss) | 9901 | €77,625 | €57,768 | -€19,857 | -25.6% |
| Financial income | 75/76B | €1,211 | €649 | -€562 | -46.4% |
| Recurring financial income | 75 | €1,211 | €649 | -€562 | -46.4% |
| Financial charges | 65/66B | €1,940 | €4,528 | +€2,588 | +133.4% |
| Recurring financial charges | 65 | €1,940 | €4,528 | +€2,588 | +133.4% |
| Profit (loss) for the period before taxes | 9903 | €76,896 | €53,890 | -€23,006 | -29.9% |
| Income taxes | 67/77 | €21,464 | €15,569 | -€5,895 | -27.5% |
| Profit (loss) for the period | 9904 | €55,432 | €38,320 | -€17,112 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,432 | €38,320 | -€17,112 | -30.9% |
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 2 October 2026 via checked.be.