Rose Avril: 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.
Rose Avril
Largest movements
- Stocks and contracts +€19,976
up €19,976 (+12.4%), from €160,625 to €180,601
- Tangible fixed assets +€14,445
up €14,445 (+41.9%), from €34,485 to €48,930
of which Other tangible fixed assets: +€14,723
- Cash +€11,046
up €11,046 (+28.1%), from €39,354 to €50,400
mainly Net result for the year (+€56,615) and Other debts (+€25,137)
- Reserves +€39,812
up €39,812 (+39.7%), from €100,231 to €140,043
- Other debts +€25,137
up €25,137 (+64.4%), from €39,061 to €64,198
- Trade debts -€15,592
down €15,592 (-39.0%), from €39,935 to €24,342
- Current portion of long-term debt -€11,522
no longer reported in 2026 (was €11,522)
- Tax, wage and social debts +€5,354
up €5,354 (+13.6%), from €39,265 to €44,619
of which Taxes: +€9,811
- Gross operating margin +€34,042
up €34,042 (+19.4%), from €175,286 to €209,329
- Write-downs +€32,706
up €32,706, from -€12,639 to €20,067
- Staff costs -€18,214
down €18,214 (-15.9%), from €114,683 to €96,469
- Taxes +€7,911
up €7,911 (+50.6%), from €15,636 to €23,547
- Depreciation -€6,878
down €6,878 (-40.2%), from €17,115 to €10,236
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €252,413 | €295,602 | +€43,189 | +17.1% |
| Fixed assets | 21/28 | €51,347 | €64,481 | +€13,134 | +25.6% |
| Intangible fixed assets | 21 | €16,787 | €15,476 | -€1,311 | -7.8% |
| Tangible fixed assets | 22/27 | €34,485 | €48,930 | +€14,445 | +41.9% |
| Furniture and vehicles | 24 | €2,354 | €2,075 | -€279 | -11.8% |
| Other tangible fixed assets | 26 | €32,131 | €46,854 | +€14,723 | +45.8% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €201,066 | €231,121 | +€30,055 | +14.9% |
| Stocks and contracts in progress | 3 | €160,625 | €180,601 | +€19,976 | +12.4% |
| Stocks | 30/36 | €160,625 | €180,601 | +€19,976 | +12.4% |
| Amounts receivable within one year | 40/41 | €69 | - | -€69 | |
| Trade receivables | 40 | €69 | - | -€69 | |
| Cash at bank and in hand | 54/58 | €39,354 | €50,400 | +€11,046 | +28.1% |
| Deferred charges and accrued income | 490/1 | €1,018 | €120 | -€898 | -88.2% |
| Total equity and liabilities | 10/49 | €252,413 | €295,602 | +€43,189 | +17.1% |
| Equity | 10/15 | €122,631 | €162,443 | +€39,812 | +32.5% |
| Contributions | 10/11 | €22,400 | €22,400 | = | 0.0% |
| Reserves | 13 | €100,231 | €140,043 | +€39,812 | +39.7% |
| Distributable reserves | 133 | €100,231 | €140,043 | +€39,812 | +39.7% |
| Amounts payable | 17/49 | €129,782 | €133,159 | +€3,376 | +2.6% |
| Amounts payable within one year | 42/48 | €129,782 | €133,159 | +€3,376 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €11,522 | - | -€11,522 | |
| Trade debts | 44 | €39,935 | €24,342 | -€15,592 | -39.0% |
| Suppliers | 440/4 | €39,935 | €24,342 | -€15,592 | -39.0% |
| Taxes, remuneration and social security | 45 | €39,265 | €44,619 | +€5,354 | +13.6% |
| Taxes | 450/3 | €26,033 | €35,844 | +€9,811 | +37.7% |
| Remuneration and social security | 454/9 | €13,232 | €8,774 | -€4,457 | -33.7% |
| Other amounts payable | 47/48 | €39,061 | €64,198 | +€25,137 | +64.4% |
| Remuneration, social security and pensions | 62 | €114,683 | €96,469 | -€18,214 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,115 | €10,236 | -€6,878 | -40.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,639 | €20,067 | +€32,706 | |
| Other operating charges | 640/8 | €1,513 | €1,260 | -€254 | -16.8% |
| Gross operating margin | 9900 | €175,286 | €209,329 | +€34,042 | +19.4% |
| Operating profit (loss) | 9901 | €54,615 | €81,297 | +€26,683 | +48.9% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €1,796 | €1,136 | -€661 | -36.8% |
| Recurring financial charges | 65 | €1,796 | €1,136 | -€661 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €52,830 | €80,162 | +€27,332 | +51.7% |
| Income taxes | 67/77 | €15,636 | €23,547 | +€7,911 | +50.6% |
| Profit (loss) for the period | 9904 | €37,193 | €56,615 | +€19,421 | +52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,193 | €56,615 | +€19,421 | +52.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.