ROSABLANCHE: 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.
ROSABLANCHE
Largest movements
- Financial fixed assets +€13.8m
up €13.8m (+12.6%), from €109.0m to €122.7m
- Contributions +€25.0m
up €25.0m (+25,000%), from €100,000 to €25.1m
- Other debts -€24.2m
down €24.2m (-56.0%), from €43.3m to €19.1m
- Short-term financial debts +€11.0m
new in 2025: €11.0m
of which Other loans: +€9.5m
- Profit (loss) carried forward +€3.0m
up €3.0m (+68.9%), from €4.3m to €7.3m
- Financial income +€1.5m
up €1.5m (+86.6%), from €1.7m to €3.2m
of which Financial income: +€766,435
- Financial charges +€117,822
up €117,822 (+4,577%), from €2,574 to €120,396
of which Financial charges: +€118,027
- Gross operating margin -€84,231
down €84,231 (-639%), from -€13,177 to -€97,408
- Other operating charges +€33,558
up €33,558 (+3,467%), from €968 to €34,526
- Taxes -€4,007
down €4,007 (-46.4%), from €8,638 to €4,631
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 | €111,193,013 | €126,031,804 | +€14.8m | +13.3% |
| Formation expenses | 20 | - | €6,959 | +€6,959 | |
| Fixed assets | 21/28 | €108,973,201 | €122,725,513 | +€13.8m | +12.6% |
| Financial fixed assets | 28 | €108,973,201 | €122,725,513 | +€13.8m | +12.6% |
| Current assets | 29/58 | €2,219,812 | €3,299,333 | +€1.1m | +48.6% |
| Amounts receivable within one year | 40/41 | €258,612 | €611,259 | +€352,647 | +136% |
| Other amounts receivable | 41 | €258,612 | €611,259 | +€352,647 | +136% |
| Current investments | 50/53 | €1,680,542 | €1,766,109 | +€85,567 | +5.1% |
| Cash at bank and in hand | 54/58 | €280,658 | €921,965 | +€641,307 | +229% |
| Total equity and liabilities | 10/49 | €111,193,013 | €126,031,804 | +€14.8m | +13.3% |
| Equity | 10/15 | €4,407,837 | €32,375,175 | +€28.0m | +634% |
| Contributions | 10/11 | €100,000 | €25,100,000 | +€25.0m | +25,000% |
| Capital | 10 | €100,000 | €25,100,000 | +€25.0m | +25,000% |
| Issued capital | 100 | €100,000 | €25,100,000 | +€25.0m | +25,000% |
| Profit (loss) carried forward | 14 | €4,307,837 | €7,275,175 | +€3.0m | +68.9% |
| Amounts payable | 17/49 | €106,785,176 | €93,656,629 | -€13.1m | -12.3% |
| Amounts payable after more than one year | 17 | €63,500,000 | €63,500,000 | = | 0.0% |
| Financial debts | 170/4 | €63,500,000 | €63,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €43,284,904 | €30,067,997 | -€13.2m | -30.5% |
| Financial debts | 43 | - | €11,000,000 | +€11.0m | |
| Credit institutions | 430/8 | - | €1,500,000 | +€1.5m | |
| Other loans | 439 | - | €9,500,000 | +€9.5m | |
| Trade debts | 44 | - | €1,210 | +€1,210 | |
| Suppliers | 440/4 | - | €1,210 | +€1,210 | |
| Other amounts payable | 47/48 | €43,284,904 | €19,066,787 | -€24.2m | -56.0% |
| Accrued charges and deferred income | 492/3 | €272 | €88,632 | +€88,360 | +32,485% |
| Other operating charges | 640/8 | €968 | €34,526 | +€33,558 | +3,467% |
| Non-recurring operating charges | 66A | €3,583 | €633 | -€2,950 | -82.3% |
| Gross operating margin | 9900 | -€13,177 | -€97,408 | -€84,231 | -639% |
| Operating profit (loss) | 9901 | -€17,728 | -€132,566 | -€114,838 | -648% |
| Financial income | 75/76B | €1,728,671 | €3,224,930 | +€1.5m | +86.6% |
| Recurring financial income | 75 | €1,728,671 | €2,495,106 | +€766,435 | +44.3% |
| Non-recurring financial income | 76B | - | €729,824 | +€729,824 | |
| Financial charges | 65/66B | €2,574 | €120,396 | +€117,822 | +4,577% |
| Recurring financial charges | 65 | €2,369 | €120,396 | +€118,027 | +4,982% |
| Non-recurring financial charges | 66B | €205 | - | -€205 | |
| Profit (loss) for the period before taxes | 9903 | €1,708,369 | €2,971,968 | +€1.3m | +74.0% |
| Income taxes | 67/77 | €8,638 | €4,631 | -€4,007 | -46.4% |
| Profit (loss) for the period | 9904 | €1,699,731 | €2,967,337 | +€1.3m | +74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,699,731 | €2,967,337 | +€1.3m | +74.6% |
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.