Roseleth: 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.
Roseleth
Largest movements
- Receivables within one year +€40,727
up €40,727 (+368%), from €11,053 to €51,780
of which Trade receivables: +€31,765
- Cash +€4,216
up €4,216 (+26.0%), from €16,203 to €20,419
mainly Net result for the year (+€78,211) and Depreciation (+€21,521)
- Reserves +€69,886
up €69,886 (+54.0%), from €129,377 to €199,264
- Other debts -€33,510
no longer reported in 2025 (was €33,510)
- Trade debts +€11,227
up €11,227 (+643%), from €1,746 to €12,973
- Tax, wage and social debts -€5,276
down €5,276 (-17.0%), from €31,064 to €25,788
- Gross operating margin +€26,390
up €26,390 (+22.6%), from €116,755 to €143,145
- Taxes +€10,992
up €10,992 (+38.8%), from €28,295 to €39,287
- Financial charges -€5,242
down €5,242 (-85.9%), from €6,105 to €863
- Depreciation -€1,658
down €1,658 (-7.2%), from €23,178 to €21,521
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €286,421 | €328,740 | +€42,319 | +14.8% |
| Fixed assets | 21/28 | €258,875 | €256,232 | -€2,643 | -1.0% |
| Tangible fixed assets | 22/27 | €111,317 | €108,674 | -€2,643 | -2.4% |
| Land and buildings | 22 | €110,513 | €108,104 | -€2,410 | -2.2% |
| Furniture and vehicles | 24 | €804 | €570 | -€234 | -29.1% |
| Financial fixed assets | 28 | €147,558 | €147,558 | = | 0.0% |
| Current assets | 29/58 | €27,546 | €72,508 | +€44,962 | +163% |
| Amounts receivable within one year | 40/41 | €11,053 | €51,780 | +€40,727 | +368% |
| Trade receivables | 40 | €11,053 | €42,818 | +€31,765 | +287% |
| Other amounts receivable | 41 | - | €8,962 | +€8,962 | |
| Cash at bank and in hand | 54/58 | €16,203 | €20,419 | +€4,216 | +26.0% |
| Deferred charges and accrued income | 490/1 | €290 | €309 | +€19 | +6.6% |
| Total equity and liabilities | 10/49 | €286,421 | €328,740 | +€42,319 | +14.8% |
| Equity | 10/15 | €203,377 | €273,264 | +€69,886 | +34.4% |
| Contributions | 10/11 | €74,000 | €74,000 | = | 0.0% |
| Reserves | 13 | €129,377 | €199,264 | +€69,886 | +54.0% |
| Distributable reserves | 133 | €129,377 | €199,264 | +€69,886 | +54.0% |
| Amounts payable | 17/49 | €83,043 | €55,476 | -€27,567 | -33.2% |
| Amounts payable within one year | 42/48 | €83,043 | €55,476 | -€27,567 | -33.2% |
| Financial debts | 43 | €16,723 | €16,715 | -€7 | 0.0% |
| Credit institutions | 430/8 | €16,723 | €16,715 | -€7 | 0.0% |
| Trade debts | 44 | €1,746 | €12,973 | +€11,227 | +643% |
| Suppliers | 440/4 | €1,746 | €12,973 | +€11,227 | +643% |
| Taxes, remuneration and social security | 45 | €31,064 | €25,788 | -€5,276 | -17.0% |
| Taxes | 450/3 | €31,064 | €25,788 | -€5,276 | -17.0% |
| Other amounts payable | 47/48 | €33,510 | - | -€33,510 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,178 | €21,521 | -€1,658 | -7.2% |
| Other operating charges | 640/8 | €4,228 | €3,718 | -€509 | -12.0% |
| Gross operating margin | 9900 | €116,755 | €143,145 | +€26,390 | +22.6% |
| Operating profit (loss) | 9901 | €89,349 | €117,906 | +€28,557 | +32.0% |
| Financial income | 75/76B | - | €454 | +€454 | |
| Recurring financial income | 75 | - | €454 | +€454 | |
| Financial charges | 65/66B | €6,105 | €863 | -€5,242 | -85.9% |
| Recurring financial charges | 65 | €6,105 | €863 | -€5,242 | -85.9% |
| Profit (loss) for the period before taxes | 9903 | €83,244 | €117,497 | +€34,253 | +41.1% |
| Income taxes | 67/77 | €28,295 | €39,287 | +€10,992 | +38.8% |
| Profit (loss) for the period | 9904 | €54,949 | €78,211 | +€23,261 | +42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,949 | €78,211 | +€23,261 | +42.3% |
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 13 October 2026 via checked.be.