ROSE ROSE: 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 ROSE
Largest movements
- Cash -€33,301
down €33,301 (-62.1%), from €53,608 to €20,308
mainly Investment in fixed assets (net) (-€35,189) and Receivables within one year (-€14,997)
- Tangible fixed assets +€22,219
up €22,219 (+138.5%), from €16,038 to €38,257
of which Furniture and vehicles: +€26,007
- Receivables within one year +€14,997
up €14,997 (+163.7%), from €9,162 to €24,159
of which Other amounts receivable: +€15,669
- Stocks and contracts +€13,059
up €13,059 (+28.2%), from €46,254 to €59,314
- Intangible fixed assets +€3,708
new in 2025: €3,708
- Reserves +€16,709
up €16,709 (+7.2%), from €231,866 to €248,575
- Debts after one year +€9,727
new in 2025: €9,727
- Trade debts +€6,811
up €6,811 (+93.3%), from €7,300 to €14,110
- Other debts -€5,403
down €5,403 (-72.8%), from €7,424 to €2,021
- Gross operating margin -€33,115
down €33,115 (-18.4%), from €180,424 to €147,309
- Taxes -€17,095
down €17,095 (-73.8%), from €23,178 to €6,084
- Staff costs +€8,367
up €8,367 (+8.2%), from €102,177 to €110,544
- Depreciation +€4,453
up €4,453 (+92.6%), from €4,808 to €9,261
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 | €338,888 | €363,088 | +€24,199 | +7.1% |
| Fixed assets | 21/28 | €16,713 | €42,640 | +€25,928 | +155.1% |
| Intangible fixed assets | 21 | - | €3,708 | +€3,708 | |
| Tangible fixed assets | 22/27 | €16,038 | €38,257 | +€22,219 | +138.5% |
| Furniture and vehicles | 24 | €589 | €26,596 | +€26,007 | +4415.7% |
| Other tangible fixed assets | 26 | €15,449 | €11,660 | -€3,788 | -24.5% |
| Financial fixed assets | 28 | €675 | €675 | = | 0.0% |
| Current assets | 29/58 | €322,176 | €320,447 | -€1,729 | -0.5% |
| Stocks and contracts in progress | 3 | €46,254 | €59,314 | +€13,059 | +28.2% |
| Stocks | 30/36 | €46,254 | €59,314 | +€13,059 | +28.2% |
| Amounts receivable within one year | 40/41 | €9,162 | €24,159 | +€14,997 | +163.7% |
| Trade receivables | 40 | €3,356 | €2,684 | -€672 | -20.0% |
| Other amounts receivable | 41 | €5,806 | €21,475 | +€15,669 | +269.9% |
| Current investments | 50/53 | €211,186 | €213,835 | +€2,649 | +1.3% |
| Cash at bank and in hand | 54/58 | €53,608 | €20,308 | -€33,301 | -62.1% |
| Deferred charges and accrued income | 490/1 | €1,966 | €2,832 | +€866 | +44.1% |
| Total equity and liabilities | 10/49 | €338,888 | €363,088 | +€24,199 | +7.1% |
| Equity | 10/15 | €293,993 | €310,702 | +€16,709 | +5.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €231,866 | €248,575 | +€16,709 | +7.2% |
| Distributable reserves | 133 | €231,866 | €248,575 | +€16,709 | +7.2% |
| Profit (loss) carried forward | 14 | €41,667 | €41,667 | = | 0.0% |
| Amounts payable | 17/49 | €44,896 | €52,386 | +€7,490 | +16.7% |
| Amounts payable after more than one year | 17 | - | €9,727 | +€9,727 | |
| Financial debts | 170/4 | - | €9,727 | +€9,727 | |
| Amounts payable within one year | 42/48 | €43,376 | €42,370 | -€1,006 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €13,357 | €12,520 | -€837 | -6.3% |
| Trade debts | 44 | €7,300 | €14,110 | +€6,811 | +93.3% |
| Suppliers | 440/4 | €7,300 | €14,110 | +€6,811 | +93.3% |
| Taxes, remuneration and social security | 45 | €15,296 | €13,718 | -€1,577 | -10.3% |
| Taxes | 450/3 | €2,698 | €615 | -€2,083 | -77.2% |
| Remuneration and social security | 454/9 | €12,598 | €13,104 | +€506 | +4.0% |
| Other amounts payable | 47/48 | €7,424 | €2,021 | -€5,403 | -72.8% |
| Accrued charges and deferred income | 492/3 | €1,520 | €289 | -€1,231 | -81.0% |
| Non-recurring operating income | 76A | - | €10,744 | +€10,744 | |
| Remuneration, social security and pensions | 62 | €102,177 | €110,544 | +€8,367 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,808 | €9,261 | +€4,453 | +92.6% |
| Other operating charges | 640/8 | €462 | €463 | +€1 | +0.2% |
| Non-recurring operating charges | 66A | - | €319 | +€319 | |
| Gross operating margin | 9900 | €180,424 | €147,309 | -€33,115 | -18.4% |
| Operating profit (loss) | 9901 | €72,977 | €26,722 | -€46,255 | -63.4% |
| Financial income | 75/76B | €1,214 | €2,540 | +€1,327 | +109.3% |
| Recurring financial income | 75 | €1,214 | €2,540 | +€1,327 | +109.3% |
| Financial charges | 65/66B | €6,695 | €6,470 | -€226 | -3.4% |
| Recurring financial charges | 65 | €6,695 | €6,470 | -€226 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €67,496 | €22,793 | -€44,703 | -66.2% |
| Income taxes | 67/77 | €23,178 | €6,084 | -€17,095 | -73.8% |
| Profit (loss) for the period | 9904 | €44,318 | €16,709 | -€27,609 | -62.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,318 | €16,709 | -€27,609 | -62.3% |
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 11 October 2026 via checked.be.