ROSAS: 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.
ROSAS
Largest movements
- Receivables after one year -€2.3m
down €2.3m (-96.5%), from €2.4m to €82,940
- Receivables within one year -€321,904
down €321,904 (-29.4%), from €1.1m to €773,210
of which Trade receivables: -€449,364
- Cash -€310,594
down €310,594 (-19.8%), from €1.6m to €1.3m
mainly Debts after one year (-€2.9m) and Debts within one year (-€442,631)
- Deferred charges and accrued income +€133,430
up €133,430 (+290.8%), from €45,878 to €179,309
- Debts after one year -€2.9m
down €2.9m (-81.7%), from €3.5m to €640,136
- Debts within one year -€442,631
down €442,631 (-38.1%), from €1.2m to €720,345
of which Trade debts: -€460,619
- Accrued charges and deferred income +€441,893
up €441,893 (+682.7%), from €64,725 to €506,618
- Profit (loss) carried forward +€70,574
up €70,574 (+103.3%), from €68,339 to €138,912
- Gross operating margin -€723,670
down €723,670 (-18.9%), from €3.8m to €3.1m
- Staff costs -€344,917
down €344,917 (-10.7%), from €3.2m to €2.9m
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 | €5,211,789 | €2,418,768 | -€2.8m | -53.6% |
| Fixed assets | 21/28 | €100,951 | €124,057 | +€23,106 | +22.9% |
| Intangible fixed assets | 21 | - | €10,145 | +€10,145 | |
| Tangible fixed assets | 22/27 | €100,951 | €112,912 | +€11,961 | +11.8% |
| Land and buildings | 22 | €17,628 | €8,657 | -€8,971 | -50.9% |
| Plant, machinery and equipment | 23 | €83,323 | €104,255 | +€20,932 | +25.1% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €5,110,839 | €2,294,711 | -€2.8m | -55.1% |
| Amounts receivable after more than one year | 29 | €2,400,000 | €82,940 | -€2.3m | -96.5% |
| Other amounts receivable | 291 | €2,400,000 | €82,940 | -€2.3m | -96.5% |
| Amounts receivable within one year | 40/41 | €1,095,114 | €773,210 | -€321,904 | -29.4% |
| Trade receivables | 40 | €810,792 | €361,428 | -€449,364 | -55.4% |
| Other amounts receivable | 41 | €284,322 | €411,782 | +€127,460 | +44.8% |
| Cash at bank and in hand | 54/58 | €1,569,847 | €1,259,253 | -€310,594 | -19.8% |
| Deferred charges and accrued income | 490/1 | €45,878 | €179,309 | +€133,430 | +290.8% |
| Total equity and liabilities | 10/49 | €5,211,789 | €2,418,768 | -€2.8m | -53.6% |
| Equity | 10/15 | €481,096 | €551,670 | +€70,574 | +14.7% |
| Reserves | 13 | €412,758 | €412,758 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,339 | €138,912 | +€70,574 | +103.3% |
| Amounts payable | 17/49 | €4,730,693 | €1,867,098 | -€2.9m | -60.5% |
| Amounts payable after more than one year | 17 | €3,502,993 | €640,136 | -€2.9m | -81.7% |
| Other amounts payable | 178/9 | €3,502,993 | €640,136 | -€2.9m | -81.7% |
| Amounts payable within one year | 42/48 | €1,162,975 | €720,345 | -€442,631 | -38.1% |
| Trade debts | 44 | €910,424 | €449,805 | -€460,619 | -50.6% |
| Suppliers | 440/4 | €910,424 | €449,805 | -€460,619 | -50.6% |
| Advances received on contracts in progress | 46 | €1,822 | €5,133 | +€3,311 | +181.7% |
| Taxes, remuneration and social security | 45 | €248,195 | €247,598 | -€597 | -0.2% |
| Taxes | 450/3 | €9,478 | €4,799 | -€4,678 | -49.4% |
| Remuneration and social security | 454/9 | €238,718 | €242,799 | +€4,081 | +1.7% |
| Accrued charges and deferred income | 492/3 | €64,725 | €506,618 | +€441,893 | +682.7% |
| Non-recurring operating income | 76A | €3,544 | €5,273 | +€1,729 | +48.8% |
| Remuneration, social security and pensions | 62 | €3,229,726 | €2,884,809 | -€344,917 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,405 | €42,855 | +€3,450 | +8.8% |
| Other operating charges | 640/8 | €35,715 | €39,890 | +€4,176 | +11.7% |
| Non-recurring operating charges | 66A | - | €37,545 | +€37,545 | |
| Gross operating margin | 9900 | €3,831,489 | €3,107,819 | -€723,670 | -18.9% |
| Operating profit (loss) | 9901 | €622,587 | €102,720 | -€519,867 | -83.5% |
| Financial income | 75/76B | €18,638 | €7,997 | -€10,641 | -57.1% |
| Recurring financial income | 75 | €18,638 | €7,997 | -€10,641 | -57.1% |
| Financial charges | 65/66B | €38,954 | €40,143 | +€1,189 | +3.1% |
| Recurring financial charges | 65 | €37,643 | €40,143 | +€2,500 | +6.6% |
| Non-recurring financial charges | 66B | €1,310 | - | -€1,310 | |
| Profit (loss) for the period before taxes | 9903 | €602,271 | €70,574 | -€531,698 | -88.3% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €602,271 | €70,574 | -€531,698 | -88.3% |
| Profit (loss) for the period to be appropriated | 9905 | €602,271 | €70,574 | -€531,698 | -88.3% |
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.