Rosalie: 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.
Rosalie
Largest movements
- Tangible fixed assets +€698,559
new in 2025: €698,559
- Receivables within one year +€148,603
new in 2025: €148,603
- Cash -€16,515
down €16,515 (-47.1%), from €35,054 to €18,539
mainly Investment in fixed assets (net) (-€700,000) and Receivables within one year (-€148,603)
- Other debts +€457,800
up €457,800 (+263%), from €174,153 to €631,953
- Debts after one year +€366,866
up €366,866 (+343%), from €106,876 to €473,741
- Current portion of long-term debt +€25,953
up €25,953 (+361%), from €7,181 to €33,134
- Profit (loss) carried forward -€16,833
down €16,833 (-598%), from -€2,814 to -€19,646
- Gross operating margin -€17,464
down €17,464, from €7,162 to -€10,302
- Other operating charges -€3,171
down €3,171 (-83.5%), from €3,798 to €627
- Depreciation +€1,441
new in 2025: €1,441
- Financial charges +€711
up €711 (+18.9%), from €3,752 to €4,462
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 | €295,396 | €1,129,245 | +€833,849 | +282% |
| Fixed assets | 21/28 | - | €698,559 | +€698,559 | |
| Tangible fixed assets | 22/27 | - | €698,559 | +€698,559 | |
| Land and buildings | 22 | - | €698,559 | +€698,559 | |
| Current assets | 29/58 | €295,396 | €430,687 | +€135,291 | +45.8% |
| Stocks and contracts in progress | 3 | €260,342 | €263,544 | +€3,203 | +1.2% |
| Stocks | 30/36 | €260,342 | €263,544 | +€3,203 | +1.2% |
| Amounts receivable within one year | 40/41 | - | €148,603 | +€148,603 | |
| Other amounts receivable | 41 | - | €148,603 | +€148,603 | |
| Cash at bank and in hand | 54/58 | €35,054 | €18,539 | -€16,515 | -47.1% |
| Total equity and liabilities | 10/49 | €295,396 | €1,129,245 | +€833,849 | +282% |
| Equity | 10/15 | €7,186 | -€9,646 | -€16,833 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,814 | -€19,646 | -€16,833 | -598% |
| Amounts payable | 17/49 | €288,210 | €1,138,892 | +€850,682 | +295% |
| Amounts payable after more than one year | 17 | €106,876 | €473,741 | +€366,866 | +343% |
| Financial debts | 170/4 | €106,876 | €473,741 | +€366,866 | +343% |
| Amounts payable within one year | 42/48 | €181,334 | €665,151 | +€483,816 | +267% |
| Current portion of amounts payable after more than one year | 42 | €7,181 | €33,134 | +€25,953 | +361% |
| Trade debts | 44 | - | €63 | +€63 | |
| Suppliers | 440/4 | - | €63 | +€63 | |
| Other amounts payable | 47/48 | €174,153 | €631,953 | +€457,800 | +263% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,441 | +€1,441 | |
| Other operating charges | 640/8 | €3,798 | €627 | -€3,171 | -83.5% |
| Gross operating margin | 9900 | €7,162 | -€10,302 | -€17,464 | |
| Operating profit (loss) | 9901 | €3,364 | -€12,371 | -€15,735 | |
| Financial charges | 65/66B | €3,752 | €4,462 | +€711 | +18.9% |
| Recurring financial charges | 65 | €3,752 | €4,462 | +€711 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | -€387 | -€16,833 | -€16,445 | -4,246% |
| Profit (loss) for the period | 9904 | -€387 | -€16,833 | -€16,445 | -4,246% |
| Profit (loss) for the period to be appropriated | 9905 | -€387 | -€16,833 | -€16,445 | -4,246% |
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 26 October 2026 via checked.be.