ROSANDER: 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.
ROSANDER
Largest movements
- Receivables within one year +€2.8m
up €2.8m (+2,589%), from €106,567 to €2.9m
- Cash -€1.1m
down €1.1m (-91.2%), from €1.2m to €104,016
mainly Receivables within one year (-€2.8m) and Contributions, distributions and other (-€251,300)
- Tangible fixed assets +€122,319
up €122,319 (+14.2%), from €860,884 to €983,203
of which Furniture and vehicles: +€65,351
- Reserves +€1.6m
up €1.6m (+54.9%), from €2.8m to €4.4m
- Tax, wage and social debts +€125,486
up €125,486 (+104%), from €120,628 to €246,114
of which Taxes: +€125,613
- Profit (loss) carried forward +€106,410
up €106,410 (+35.2%), from €302,279 to €408,689
- Financial income +€1.6m
up €1.6m (+321%), from €483,182 to €2.0m
- Taxes +€131,398
up €131,398 (+152%), from €86,717 to €218,114
- Depreciation +€26,307
up €26,307 (+60.2%), from €43,702 to €70,009
- Gross operating margin +€11,079
up €11,079 (+5.7%), from €194,917 to €205,996
- Financial charges -€5,225
down €5,225 (-11.6%), from €45,231 to €40,006
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 | €3,894,188 | €5,695,686 | +€1.8m | +46.3% |
| Fixed assets | 21/28 | €2,599,324 | €2,721,643 | +€122,319 | +4.7% |
| Tangible fixed assets | 22/27 | €860,884 | €983,203 | +€122,319 | +14.2% |
| Land and buildings | 22 | €689,973 | €751,656 | +€61,683 | +8.9% |
| Plant, machinery and equipment | 23 | €16,188 | €13,838 | -€2,350 | -14.5% |
| Furniture and vehicles | 24 | €125,016 | €190,367 | +€65,351 | +52.3% |
| Other tangible fixed assets | 26 | €29,707 | €27,342 | -€2,365 | -8.0% |
| Financial fixed assets | 28 | €1,738,440 | €1,738,440 | = | 0.0% |
| Current assets | 29/58 | €1,294,864 | €2,974,043 | +€1.7m | +130% |
| Amounts receivable within one year | 40/41 | €106,567 | €2,865,484 | +€2.8m | +2,589% |
| Other amounts receivable | 41 | €106,567 | €2,865,484 | +€2.8m | +2,589% |
| Cash at bank and in hand | 54/58 | €1,185,497 | €104,016 | -€1.1m | -91.2% |
| Deferred charges and accrued income | 490/1 | €2,800 | €4,544 | +€1,743 | +62.2% |
| Total equity and liabilities | 10/49 | €3,894,188 | €5,695,686 | +€1.8m | +46.3% |
| Equity | 10/15 | €3,195,615 | €4,852,025 | +€1.7m | +51.8% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €2,823,336 | €4,373,336 | +€1.6m | +54.9% |
| Distributable reserves | 133 | €2,823,336 | €4,373,336 | +€1.6m | +54.9% |
| Profit (loss) carried forward | 14 | €302,279 | €408,689 | +€106,410 | +35.2% |
| Amounts payable | 17/49 | €698,573 | €843,661 | +€145,088 | +20.8% |
| Amounts payable within one year | 42/48 | €698,518 | €843,606 | +€145,088 | +20.8% |
| Trade debts | 44 | €2,228 | €28,073 | +€25,845 | +1,160% |
| Suppliers | 440/4 | €2,228 | €28,073 | +€25,845 | +1,160% |
| Taxes, remuneration and social security | 45 | €120,628 | €246,114 | +€125,486 | +104% |
| Taxes | 450/3 | €118,844 | €244,457 | +€125,613 | +106% |
| Remuneration and social security | 454/9 | €1,784 | €1,657 | -€127 | -7.1% |
| Other amounts payable | 47/48 | €575,662 | €569,419 | -€6,243 | -1.1% |
| Accrued charges and deferred income | 492/3 | €55 | €55 | = | 0.0% |
| Non-recurring operating income | 76A | €1,200 | - | -€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,702 | €70,009 | +€26,307 | +60.2% |
| Other operating charges | 640/8 | €3,396 | €3,497 | +€101 | +3.0% |
| Gross operating margin | 9900 | €194,917 | €205,996 | +€11,079 | +5.7% |
| Operating profit (loss) | 9901 | €147,819 | €132,490 | -€15,329 | -10.4% |
| Financial income | 75/76B | €483,182 | €2,033,340 | +€1.6m | +321% |
| Recurring financial income | 75 | €483,182 | €2,033,340 | +€1.6m | +321% |
| Financial charges | 65/66B | €45,231 | €40,006 | -€5,225 | -11.6% |
| Recurring financial charges | 65 | €45,231 | €40,006 | -€5,225 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €585,769 | €2,125,824 | +€1.5m | +263% |
| Income taxes | 67/77 | €86,717 | €218,114 | +€131,398 | +152% |
| Profit (loss) for the period | 9904 | €499,053 | €1,907,710 | +€1.4m | +282% |
| Profit (loss) for the period to be appropriated | 9905 | €499,053 | €1,907,710 | +€1.4m | +282% |
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 16 October 2026 via checked.be.