ROSART: 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
ROSART
NACE 43.990, Other specialised construction activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€39,933
2024 · €22,154+€17,780
Equity
€471,786
2024 · €431,853+€39,933
Cash
€11,935
2024 · €17,761-€5,826
Balance sheet total
€1.2m
2024 · €1.2m-€48,810
Largest movements
Assets
- Tangible fixed assets -€89,675
down €89,675 (-9.5%), from €940,604 to €850,929
- Receivables within one year +€41,688
up €41,688 (+651.5%), from €6,399 to €48,086
of which Other amounts receivable: +€32,443
Equity and liabilities
- Debts after one year -€75,348
down €75,348 (-34.7%), from €216,979 to €141,632
- Profit (loss) carried forward +€39,933
up €39,933 (+58.2%), from €68,626 to €108,559
- Tax, wage and social debts +€30,084
up €30,084 (+337.3%), from €8,918 to €39,002
- Current portion of long-term debt -€25,317
down €25,317 (-25.1%), from €100,665 to €75,348
- Other debts -€17,188
down €17,188 (-3.8%), from €456,294 to €439,107
Income statement
- Gross operating margin +€40,155
up €40,155 (+28.1%), from €143,014 to €183,169
- Taxes +€24,477
up €24,477 (+452.0%), from €5,415 to €29,892
- Financial charges -€3,241
down €3,241 (-23.8%), from €13,595 to €10,354
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
€22,154
Gross operating margin
+€40,155
Staff costs
-€202
Depreciation
-€780
Other operating charges
-€158
Financial income
+€0
Financial charges
+€3,241
Taxes
-€24,477
Result 2025
€39,933
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.
From operations
+€102,613
Investment
-€6,075
Financing
-€102,363
Cash 2024
€17,761
From operations (derived)
+€102,613
Net result for the year
+€39,933
Depreciation
+€94,250
Stocks and contracts
-€5,094
Receivables within one year
-€41,688
Deferred charges and accrued income
+€1,591
Trade debts
+€2,082
Tax, wage and social debts
+€30,084
Other debts
-€17,188
Accrued charges and deferred income
-€1,358
Investment (derived)
-€6,075
Investment in fixed assets (net)
-€6,075
Financing
-€102,363
Debts after one year
-€75,348
Current portion of long-term debt
-€25,317
Short-term financial debts
-€1,699
Cash 2025
€11,935
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,242,047 | €1,193,238 | -€48,810 | -3.9% |
| Fixed assets | 21/28 | €1,200,414 | €1,112,239 | -€88,175 | -7.3% |
| Intangible fixed assets | 21 | €259,810 | €259,810 | = | 0.0% |
| Tangible fixed assets | 22/27 | €940,604 | €850,929 | -€89,675 | -9.5% |
| Land and buildings | 22 | €791,871 | €757,889 | -€33,982 | -4.3% |
| Plant, machinery and equipment | 23 | €102,256 | €83,488 | -€18,768 | -18.4% |
| Furniture and vehicles | 24 | €15,621 | €4,596 | -€11,025 | -70.6% |
| Leasing and similar rights | 25 | €30,855 | €4,955 | -€25,900 | -83.9% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €41,634 | €80,999 | +€39,365 | +94.6% |
| Stocks and contracts in progress | 3 | €15,357 | €20,450 | +€5,094 | +33.2% |
| Stocks | 30/36 | €15,357 | €20,450 | +€5,094 | +33.2% |
| Amounts receivable within one year | 40/41 | €6,399 | €48,086 | +€41,688 | +651.5% |
| Trade receivables | 40 | €5,173 | €14,417 | +€9,245 | +178.7% |
| Other amounts receivable | 41 | €1,226 | €33,669 | +€32,443 | +2646.6% |
| Cash at bank and in hand | 54/58 | €17,761 | €11,935 | -€5,826 | -32.8% |
| Deferred charges and accrued income | 490/1 | €2,118 | €527 | -€1,591 | -75.1% |
| Total equity and liabilities | 10/49 | €1,242,047 | €1,193,238 | -€48,810 | -3.9% |
| Equity | 10/15 | €431,853 | €471,786 | +€39,933 | +9.2% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Contributions outside capital | 11 | €30,987 | - | -€30,987 | |
| Share premium | 1100/10 | €30,987 | - | -€30,987 | |
| Revaluation surpluses | 12 | €248,972 | €233,404 | -€15,567 | -6.3% |
| Reserves | 13 | €83,269 | €98,836 | +€15,567 | +18.7% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,798 | €17,798 | = | 0.0% |
| Distributable reserves | 133 | €62,372 | €77,939 | +€15,567 | +25.0% |
| Profit (loss) carried forward | 14 | €68,626 | €108,559 | +€39,933 | +58.2% |
| Amounts payable | 17/49 | €810,194 | €721,451 | -€88,743 | -11.0% |
| Amounts payable after more than one year | 17 | €216,979 | €141,632 | -€75,348 | -34.7% |
| Financial debts | 170/4 | €216,979 | €141,632 | -€75,348 | -34.7% |
| Amounts payable within one year | 42/48 | €591,857 | €579,820 | -€12,038 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €100,665 | €75,348 | -€25,317 | -25.1% |
| Financial debts | 43 | €1,699 | - | -€1,699 | |
| Credit institutions | 430/8 | €1,699 | - | -€1,699 | |
| Trade debts | 44 | €24,282 | €26,364 | +€2,082 | +8.6% |
| Suppliers | 440/4 | €24,282 | €26,364 | +€2,082 | +8.6% |
| Taxes, remuneration and social security | 45 | €8,918 | €39,002 | +€30,084 | +337.3% |
| Taxes | 450/3 | €8,918 | €39,002 | +€30,084 | +337.3% |
| Other amounts payable | 47/48 | €456,294 | €439,107 | -€17,188 | -3.8% |
| Accrued charges and deferred income | 492/3 | €1,358 | - | -€1,358 | |
| Remuneration, social security and pensions | 62 | €40 | €241 | +€202 | +510.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,470 | €94,250 | +€780 | +0.8% |
| Other operating charges | 640/8 | €8,341 | €8,499 | +€158 | +1.9% |
| Gross operating margin | 9900 | €143,014 | €183,169 | +€40,155 | +28.1% |
| Operating profit (loss) | 9901 | €41,163 | €80,179 | +€39,016 | +94.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €13,595 | €10,354 | -€3,241 | -23.8% |
| Recurring financial charges | 65 | €13,595 | €10,354 | -€3,241 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €27,569 | €69,825 | +€42,256 | +153.3% |
| Income taxes | 67/77 | €5,415 | €29,892 | +€24,477 | +452.0% |
| Profit (loss) for the period | 9904 | €22,154 | €39,933 | +€17,780 | +80.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,154 | €39,933 | +€17,780 | +80.3% |
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 9 October 2026 via checked.be.