Rosalex: 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.
Rosalex
Largest movements
- Receivables within one year -€82,157
down €82,157 (-94.3%), from €87,135 to €4,978
of which Other amounts receivable: -€82,157
- Tangible fixed assets +€43,689
up €43,689 (+449.9%), from €9,711 to €53,400
of which Plant, machinery and equipment: +€47,022
- Current investments +€35,948
up €35,948 (+43.8%), from €82,000 to €117,948
- Cash +€25,956
up €25,956 (+29.4%), from €88,404 to €114,360
mainly Other debts (+€208,214) and Net result for the year (+€95,693)
- Other debts +€208,214
up €208,214 (+177.1%), from €117,577 to €325,791
- Profit (loss) carried forward -€100,000
down €100,000 (-17.6%), from €566,972 to €466,972
- Short-term financial debts -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Reserves +€95,693
up €95,693 (+38.5%), from €248,677 to €344,369
- Debts after one year -€68,998
down €68,998 (-16.4%), from €421,913 to €352,915
- Gross operating margin -€27,371
down €27,371 (-15.0%), from €182,716 to €155,346
- Taxes -€11,544
down €11,544 (-23.7%), from €48,618 to €37,073
- Depreciation +€3,788
up €3,788 (+226.5%), from €1,672 to €5,460
- Financial charges +€2,145
up €2,145 (+14.5%), from €14,789 to €16,934
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 | €1,680,275 | €1,704,028 | +€23,753 | +1.4% |
| Fixed assets | 21/28 | €1,420,920 | €1,464,609 | +€43,689 | +3.1% |
| Tangible fixed assets | 22/27 | €9,711 | €53,400 | +€43,689 | +449.9% |
| Plant, machinery and equipment | 23 | €603 | €47,625 | +€47,022 | +7801.1% |
| Furniture and vehicles | 24 | €9,108 | €5,775 | -€3,333 | -36.6% |
| Financial fixed assets | 28 | €1,411,210 | €1,411,210 | = | 0.0% |
| Current assets | 29/58 | €259,354 | €239,419 | -€19,935 | -7.7% |
| Amounts receivable within one year | 40/41 | €87,135 | €4,978 | -€82,157 | -94.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €87,135 | €4,978 | -€82,157 | -94.3% |
| Current investments | 50/53 | €82,000 | €117,948 | +€35,948 | +43.8% |
| Cash at bank and in hand | 54/58 | €88,404 | €114,360 | +€25,956 | +29.4% |
| Deferred charges and accrued income | 490/1 | €1,815 | €2,133 | +€318 | +17.5% |
| Total equity and liabilities | 10/49 | €1,680,275 | €1,704,028 | +€23,753 | +1.4% |
| Equity | 10/15 | €940,649 | €936,342 | -€4,307 | -0.5% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €248,677 | €344,369 | +€95,693 | +38.5% |
| Distributable reserves | 133 | €248,677 | €344,369 | +€95,693 | +38.5% |
| Profit (loss) carried forward | 14 | €566,972 | €466,972 | -€100,000 | -17.6% |
| Amounts payable | 17/49 | €739,626 | €767,687 | +€28,061 | +3.8% |
| Amounts payable after more than one year | 17 | €421,913 | €352,915 | -€68,998 | -16.4% |
| Financial debts | 170/4 | €421,913 | €352,915 | -€68,998 | -16.4% |
| Amounts payable within one year | 42/48 | €307,142 | €402,685 | +€95,543 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | €68,479 | €68,998 | +€519 | +0.8% |
| Financial debts | 43 | €100,000 | €0 | -€100,000 | -100.0% |
| Other loans | 439 | €100,000 | €0 | -€100,000 | -100.0% |
| Trade debts | 44 | €669 | €366 | -€303 | -45.3% |
| Suppliers | 440/4 | €669 | €366 | -€303 | -45.3% |
| Taxes, remuneration and social security | 45 | €20,417 | €7,530 | -€12,887 | -63.1% |
| Taxes | 450/3 | €20,417 | €7,530 | -€12,887 | -63.1% |
| Other amounts payable | 47/48 | €117,577 | €325,791 | +€208,214 | +177.1% |
| Accrued charges and deferred income | 492/3 | €10,572 | €12,087 | +€1,516 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,672 | €5,460 | +€3,788 | +226.5% |
| Other operating charges | 640/8 | €266 | €186 | -€80 | -30.2% |
| Gross operating margin | 9900 | €182,716 | €155,346 | -€27,371 | -15.0% |
| Operating profit (loss) | 9901 | €180,778 | €149,700 | -€31,078 | -17.2% |
| Financial charges | 65/66B | €14,789 | €16,934 | +€2,145 | +14.5% |
| Recurring financial charges | 65 | €14,789 | €16,934 | +€2,145 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €165,989 | €132,766 | -€33,223 | -20.0% |
| Income taxes | 67/77 | €48,618 | €37,073 | -€11,544 | -23.7% |
| Profit (loss) for the period | 9904 | €117,371 | €95,693 | -€21,678 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €117,371 | €95,693 | -€21,678 | -18.5% |
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 11 October 2026 via checked.be.