ROSCO: 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
ROSCO
NACE 46.831, Wholesale of construction materials, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€60,669
2024 · €5,674-€66,343
Equity
€20,037
2024 · €80,706-€60,669
Cash
€43,179
2024 · €7,209+€35,970
Balance sheet total
€2.6m
2024 · €2.4m+€133,392
Largest movements
Assets
- Receivables within one year +€163,956
up €163,956 (+12.4%), from €1.3m to €1.5m
of which Trade receivables: +€101,596
- Cash +€35,970
up €35,970 (+499%), from €7,209 to €43,179
mainly Debts after one year (+€267,200) and Trade debts (+€234,728)
- Stocks and contracts -€31,639
down €31,639 (-3.2%), from €995,492 to €963,853
Equity and liabilities
- Short-term financial debts -€521,428
down €521,428 (-47.3%), from €1.1m to €580,005
- Debts after one year +€267,200
up €267,200 (+8,369%), from €3,193 to €270,393
- Trade debts +€234,728
up €234,728 (+43.9%), from €534,687 to €769,415
- Other debts +€106,194
up €106,194 (+30.8%), from €344,431 to €450,624
- Current portion of long-term debt +€69,633
up €69,633 (+148%), from €46,930 to €116,563
Income statement
- Staff costs +€290,215
up €290,215 (+22.7%), from €1.3m to €1.6m
- Gross operating margin +€89,884
up €89,884 (+5.5%), from €1.6m to €1.7m
- Financial charges -€40,301
down €40,301 (-19.7%), from €204,471 to €164,170
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
€5,674
Gross operating margin
+€89,884
Staff costs
-€290,215
Depreciation
+€4,252
Other operating charges
-€7,544
Other operating items
+€87,629
Financial income
+€7,638
Financial charges
+€40,301
Taxes
+€1,713
Result 2025
-€60,669
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
+€221,848
Investment
-€1,284
Financing
-€184,595
Cash 2024
€7,209
From operations (derived)
+€221,848
Net result for the year
-€60,669
Depreciation
+€42,265
Stocks and contracts
+€31,639
Receivables within one year
-€163,956
Deferred charges and accrued income
-€6,086
Trade debts
+€234,728
Tax, wage and social debts
+€36,111
Other debts
+€106,194
Accrued charges and deferred income
+€1,622
Investment (derived)
-€1,284
Investment in fixed assets (net)
-€1,284
Financing
-€184,595
Debts after one year
+€267,200
Current portion of long-term debt
+€69,633
Short-term financial debts
-€521,428
Cash 2025
€43,179
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,440,853 | €2,574,245 | +€133,392 | +5.5% |
| Formation expenses | 20 | €22,831 | €11,905 | -€10,925 | -47.9% |
| Fixed assets | 21/28 | €86,418 | €56,362 | -€30,056 | -34.8% |
| Intangible fixed assets | 21 | €39,842 | €23,335 | -€16,507 | -41.4% |
| Tangible fixed assets | 22/27 | €46,576 | €33,027 | -€13,550 | -29.1% |
| Plant, machinery and equipment | 23 | €31,406 | €24,350 | -€7,056 | -22.5% |
| Furniture and vehicles | 24 | €15,171 | €8,677 | -€6,494 | -42.8% |
| Current assets | 29/58 | €2,331,604 | €2,505,977 | +€174,373 | +7.5% |
| Stocks and contracts in progress | 3 | €995,492 | €963,853 | -€31,639 | -3.2% |
| Stocks | 30/36 | €995,492 | €963,853 | -€31,639 | -3.2% |
| Amounts receivable within one year | 40/41 | €1,322,663 | €1,486,619 | +€163,956 | +12.4% |
| Trade receivables | 40 | €609,932 | €711,528 | +€101,596 | +16.7% |
| Other amounts receivable | 41 | €712,731 | €775,091 | +€62,360 | +8.7% |
| Cash at bank and in hand | 54/58 | €7,209 | €43,179 | +€35,970 | +499% |
| Deferred charges and accrued income | 490/1 | €6,240 | €12,326 | +€6,086 | +97.5% |
| Total equity and liabilities | 10/49 | €2,440,853 | €2,574,245 | +€133,392 | +5.5% |
| Equity | 10/15 | €80,706 | €20,037 | -€60,669 | -75.2% |
| Contributions | 10/11 | €230,144 | €230,144 | = | 0.0% |
| Capital | 10 | €230,144 | €230,144 | = | 0.0% |
| Issued capital | 100 | €230,144 | €230,144 | = | 0.0% |
| Reserves | 13 | €2,365,895 | €2,365,895 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,014 | €13,014 | = | 0.0% |
| Legal reserve | 130 | €13,014 | €13,014 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,184,374 | €2,184,374 | = | 0.0% |
| Distributable reserves | 133 | €168,506 | €168,506 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,515,333 | -€2,576,001 | -€60,669 | -2.4% |
| Provisions and deferred taxes | 16 | €42,166 | €42,166 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €42,166 | €42,166 | = | 0.0% |
| Other liabilities and charges | 164/5 | €42,166 | €42,166 | = | 0.0% |
| Amounts payable | 17/49 | €2,317,981 | €2,512,041 | +€194,061 | +8.4% |
| Amounts payable after more than one year | 17 | €3,193 | €270,393 | +€267,200 | +8,369% |
| Financial debts | 170/4 | €3,193 | €270,393 | +€267,200 | +8,369% |
| Amounts payable within one year | 42/48 | €2,306,788 | €2,232,026 | -€74,762 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €46,930 | €116,563 | +€69,633 | +148% |
| Financial debts | 43 | €1,101,433 | €580,005 | -€521,428 | -47.3% |
| Credit institutions | 430/8 | €1,101,433 | €580,005 | -€521,428 | -47.3% |
| Trade debts | 44 | €534,687 | €769,415 | +€234,728 | +43.9% |
| Suppliers | 440/4 | €534,687 | €769,415 | +€234,728 | +43.9% |
| Taxes, remuneration and social security | 45 | €279,307 | €315,418 | +€36,111 | +12.9% |
| Taxes | 450/3 | €107,173 | €99,892 | -€7,281 | -6.8% |
| Remuneration and social security | 454/9 | €172,134 | €215,526 | +€43,392 | +25.2% |
| Other amounts payable | 47/48 | €344,431 | €450,624 | +€106,194 | +30.8% |
| Accrued charges and deferred income | 492/3 | €8,000 | €9,622 | +€1,622 | +20.3% |
| Non-recurring operating income | 76A | - | €298 | +€298 | |
| Remuneration, social security and pensions | 62 | €1,279,810 | €1,570,025 | +€290,215 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,517 | €42,265 | -€4,252 | -9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €25,033 | €32,577 | +€7,544 | +30.1% |
| Non-recurring operating charges | 66A | €87,629 | €0 | -€87,629 | -100% |
| Gross operating margin | 9900 | €1,628,660 | €1,718,544 | +€89,884 | +5.5% |
| Operating profit (loss) | 9901 | €189,672 | €73,677 | -€115,995 | -61.2% |
| Financial income | 75/76B | €21,901 | €29,539 | +€7,638 | +34.9% |
| Recurring financial income | 75 | €21,901 | €29,539 | +€7,638 | +34.9% |
| Financial charges | 65/66B | €204,471 | €164,170 | -€40,301 | -19.7% |
| Recurring financial charges | 65 | €204,471 | €164,170 | -€40,301 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €7,101 | -€60,954 | -€68,056 | |
| Income taxes | 67/77 | €1,427 | -€286 | -€1,713 | |
| Profit (loss) for the period | 9904 | €5,674 | -€60,669 | -€66,343 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,674 | -€60,669 | -€66,343 |
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 13 October 2026 via checked.be.