ROSARIO: 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.
What changed
ROSARIO
NACE 55.203, Holiday cottages, homes and apartments
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€34,671
2024 · -€174,628+€139,957
Equity
-€840,893
2024 · -€806,221-€34,671
Cash
€482
2024 · €1,170-€688
Balance sheet total
€364,831
2024 · €420,477-€55,646
Largest movements
Assets
- Tangible fixed assets -€53,352
down €53,352 (-13.4%), from €397,694 to €344,342
of which Land and buildings: -€41,509
Equity and liabilities
- Debts after one year -€200,737
down €200,737 (-26.6%), from €754,056 to €553,320
- Current portion of long-term debt +€171,361
up €171,361 (+87.6%), from €195,614 to €366,975
- Profit (loss) carried forward -€34,671
down €34,671 (-2.0%), from -€1.7m to -€1.7m
- Short-term financial debts +€12,886
new in 2025: €12,886
- Other debts -€8,803
down €8,803 (-3.2%), from €271,475 to €262,673
Income statement
- Depreciation -€38,743
down €38,743 (-37.5%), from €103,180 to €64,437
- Financial charges +€13,602
up €13,602 (+86.0%), from €15,808 to €29,411
- Gross operating margin -€10,076
down €10,076 (-12.3%), from €81,981 to €71,905
- Staff costs +€1,156
up €1,156 (+18.6%), from €6,225 to €7,382
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.
Result 2024
-€174,628
Gross operating margin
-€10,076
Staff costs
-€1,156
Depreciation
+€38,743
Other operating charges
+€335
Other operating items
+€125,372
Financial income
+€341
Financial charges
-€13,602
Result 2025
-€34,671
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€24,837
Investment
-€9,035
Financing
-€16,489
Cash 2024
€1,170
From operations (derived)
+€24,837
Net result for the year
-€34,671
Depreciation
+€64,437
Receivables within one year
-€444
Trade debts
+€3,504
Tax, wage and social debts
+€813
Other debts
-€8,803
Investment (derived)
-€9,035
Investment in fixed assets (net)
-€9,035
Financing
-€16,489
Debts after one year
-€200,737
Current portion of long-term debt
+€171,361
Short-term financial debts
+€12,886
Cash 2025
€482
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €420,477 | €364,831 | -€55,646 | -13.2% |
| Formation expenses | 20 | €21,073 | €19,024 | -€2,049 | -9.7% |
| Fixed assets | 21/28 | €397,694 | €344,342 | -€53,352 | -13.4% |
| Tangible fixed assets | 22/27 | €397,694 | €344,342 | -€53,352 | -13.4% |
| Land and buildings | 22 | €365,368 | €323,858 | -€41,509 | -11.4% |
| Plant, machinery and equipment | 23 | €9,936 | €7,819 | -€2,117 | -21.3% |
| Furniture and vehicles | 24 | €10,585 | €5,627 | -€4,958 | -46.8% |
| Other tangible fixed assets | 26 | €11,806 | €7,038 | -€4,768 | -40.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,710 | €1,465 | -€245 | -14.3% |
| Amounts receivable within one year | 40/41 | €540 | €983 | +€444 | +82.2% |
| Trade receivables | 40 | €90 | €400 | +€310 | +344% |
| Other amounts receivable | 41 | €450 | €583 | +€134 | +29.7% |
| Cash at bank and in hand | 54/58 | €1,170 | €482 | -€688 | -58.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €420,477 | €364,831 | -€55,646 | -13.2% |
| Equity | 10/15 | -€806,221 | -€840,893 | -€34,671 | -4.3% |
| Contributions | 10/11 | €901,000 | €901,000 | = | 0.0% |
| Reserves | 13 | €286 | €286 | = | 0.0% |
| Non-distributable reserves | 130/1 | €286 | €286 | = | 0.0% |
| Reserves not available under the articles | 1311 | €286 | €286 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,707,508 | -€1,742,179 | -€34,671 | -2.0% |
| Amounts payable | 17/49 | €1,226,698 | €1,205,724 | -€20,975 | -1.7% |
| Amounts payable after more than one year | 17 | €754,056 | €553,320 | -€200,737 | -26.6% |
| Financial debts | 170/4 | €754,056 | €553,320 | -€200,737 | -26.6% |
| Amounts payable within one year | 42/48 | €472,642 | €652,404 | +€179,762 | +38.0% |
| Current portion of amounts payable after more than one year | 42 | €195,614 | €366,975 | +€171,361 | +87.6% |
| Financial debts | 43 | - | €12,886 | +€12,886 | |
| Credit institutions | 430/8 | - | €12,886 | +€12,886 | |
| Trade debts | 44 | €5,212 | €8,716 | +€3,504 | +67.2% |
| Suppliers | 440/4 | €5,212 | €8,716 | +€3,504 | +67.2% |
| Taxes, remuneration and social security | 45 | €341 | €1,154 | +€813 | +238% |
| Taxes | 450/3 | €0 | €1,049 | +€1,049 | |
| Remuneration and social security | 454/9 | €341 | €105 | -€236 | -69.2% |
| Other amounts payable | 47/48 | €271,475 | €262,673 | -€8,803 | -3.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €3,897 | +€3,897 | |
| Remuneration, social security and pensions | 62 | €6,225 | €7,382 | +€1,156 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,180 | €64,437 | -€38,743 | -37.5% |
| Other operating charges | 640/8 | €5,119 | €4,784 | -€335 | -6.6% |
| Non-recurring operating charges | 66A | €126,276 | €904 | -€125,372 | -99.3% |
| Gross operating margin | 9900 | €81,981 | €71,905 | -€10,076 | -12.3% |
| Operating profit (loss) | 9901 | -€158,820 | -€5,601 | +€153,218 | +96.5% |
| Financial income | 75/76B | €0 | €341 | +€341 | |
| Recurring financial income | 75 | €0 | €341 | +€341 | |
| Financial charges | 65/66B | €15,808 | €29,411 | +€13,602 | +86.0% |
| Recurring financial charges | 65 | €15,808 | €29,411 | +€13,602 | +86.0% |
| Profit (loss) for the period before taxes | 9903 | -€174,628 | -€34,671 | +€139,957 | +80.1% |
| Profit (loss) for the period | 9904 | -€174,628 | -€34,671 | +€139,957 | +80.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€174,628 | -€34,671 | +€139,957 | +80.1% |
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 19 October 2026 via checked.be.