ROSALENA: 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.
ROSALENA
Largest movements
- Stocks and contracts -€1.6m
down €1.6m (-67.7%), from €2.3m to €755,862
- Receivables within one year +€1.5m
up €1.5m (+574%), from €262,465 to €1.8m
of which Other amounts receivable: +€1.7m
- Tangible fixed assets -€136,834
down €136,834 (-2.7%), from €5.0m to €4.9m
of which Land and buildings: -€135,441
- Debts after one year -€243,591
down €243,591 (-6.3%), from €3.9m to €3.6m
- Gross operating margin +€211,984
up €211,984 (+116%), from €183,356 to €395,340
- Financial charges -€38,579
down €38,579 (-14.8%), from €260,435 to €221,857
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 | €10,133,229 | €9,933,213 | -€200,015 | -2.0% |
| Fixed assets | 21/28 | €7,513,546 | €7,376,712 | -€136,834 | -1.8% |
| Tangible fixed assets | 22/27 | €5,013,546 | €4,876,712 | -€136,834 | -2.7% |
| Land and buildings | 22 | €5,012,153 | €4,876,712 | -€135,441 | -2.7% |
| Furniture and vehicles | 24 | €1,393 | - | -€1,393 | |
| Financial fixed assets | 28 | €2,500,000 | €2,500,000 | = | 0.0% |
| Current assets | 29/58 | €2,619,683 | €2,556,502 | -€63,181 | -2.4% |
| Stocks and contracts in progress | 3 | €2,340,106 | €755,862 | -€1.6m | -67.7% |
| Stocks | 30/36 | €2,340,106 | €755,862 | -€1.6m | -67.7% |
| Amounts receivable within one year | 40/41 | €262,465 | €1,769,276 | +€1.5m | +574% |
| Trade receivables | 40 | €252,465 | €12,395 | -€240,070 | -95.1% |
| Other amounts receivable | 41 | €10,000 | €1,756,881 | +€1.7m | +17,469% |
| Cash at bank and in hand | 54/58 | €1,094 | - | -€1,094 | |
| Deferred charges and accrued income | 490/1 | €16,018 | €31,364 | +€15,346 | +95.8% |
| Total equity and liabilities | 10/49 | €10,133,229 | €9,933,213 | -€200,015 | -2.0% |
| Equity | 10/15 | €708,392 | €721,362 | +€12,970 | +1.8% |
| Contributions | 10/11 | €1,089,000 | €1,089,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€380,608 | -€367,638 | +€12,970 | +3.4% |
| Amounts payable | 17/49 | €9,424,837 | €9,211,851 | -€212,986 | -2.3% |
| Amounts payable after more than one year | 17 | €3,864,365 | €3,620,775 | -€243,591 | -6.3% |
| Financial debts | 170/4 | €3,864,365 | €3,620,775 | -€243,591 | -6.3% |
| Amounts payable within one year | 42/48 | €5,560,472 | €5,591,077 | +€30,605 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €232,734 | €243,591 | +€10,857 | +4.7% |
| Financial debts | 43 | €1,846,074 | €1,916,265 | +€70,191 | +3.8% |
| Credit institutions | 430/8 | €1,846,074 | €1,916,265 | +€70,191 | +3.8% |
| Trade debts | 44 | €109,444 | €107,559 | -€1,885 | -1.7% |
| Suppliers | 440/4 | €109,444 | €107,559 | -€1,885 | -1.7% |
| Taxes, remuneration and social security | 45 | - | €50,400 | +€50,400 | |
| Taxes | 450/3 | - | €50,400 | +€50,400 | |
| Other amounts payable | 47/48 | €3,372,220 | €3,273,263 | -€98,958 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,622 | €136,834 | -€788 | -0.6% |
| Other operating charges | 640/8 | €24,364 | €23,686 | -€678 | -2.8% |
| Gross operating margin | 9900 | €183,356 | €395,340 | +€211,984 | +116% |
| Operating profit (loss) | 9901 | €21,370 | €234,821 | +€213,451 | +999% |
| Financial income | 75/76B | €9 | €6 | -€2 | -27.9% |
| Recurring financial income | 75 | €9 | €6 | -€2 | -27.9% |
| Financial charges | 65/66B | €260,435 | €221,857 | -€38,579 | -14.8% |
| Recurring financial charges | 65 | €260,435 | €221,857 | -€38,579 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | -€239,057 | €12,970 | +€252,027 | |
| Profit (loss) for the period | 9904 | -€239,057 | €12,970 | +€252,027 | |
| Profit (loss) for the period to be appropriated | 9905 | -€239,057 | €12,970 | +€252,027 |
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 29 October 2026 via checked.be.