ROSEN Charles: 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.
ROSEN Charles
Largest movements
- Receivables within one year -€65,391
down €65,391 (-18.1%), from €361,500 to €296,110
of which Trade receivables: -€75,555
- Stocks and contracts -€20,437
down €20,437 (-9.7%), from €211,387 to €190,950
of which Stocks: -€15,437
- Tangible fixed assets +€18,214
up €18,214 (+37.0%), from €49,257 to €67,471
of which Leasing and similar rights: +€23,672
- Deferred charges and accrued income +€10,182
up €10,182 (+884%), from €1,152 to €11,334
- Trade debts -€46,659
down €46,659 (-38.5%), from €121,262 to €74,603
- Reserves -€19,110
down €19,110 (-4.4%), from €430,279 to €411,169
of which Distributable reserves: -€19,110
- Debts after one year +€15,478
new in 2025: €15,478
- Tax, wage and social debts -€7,552
down €7,552 (-29.5%), from €25,597 to €18,045
of which Remuneration and social security: -€7,285
- Gross operating margin +€24,308
up €24,308 (+10.9%), from €222,699 to €247,007
- Other operating charges +€10,814
up €10,814 (+98.1%), from €11,024 to €21,838
- Financial income -€3,369
down €3,369 (-61.9%), from €5,438 to €2,069
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 | €703,154 | €644,319 | -€58,836 | -8.4% |
| Fixed assets | 21/28 | €49,257 | €67,471 | +€18,214 | +37.0% |
| Tangible fixed assets | 22/27 | €49,257 | €67,471 | +€18,214 | +37.0% |
| Land and buildings | 22 | €13,798 | €11,420 | -€2,378 | -17.2% |
| Plant, machinery and equipment | 23 | €11,538 | €16,723 | +€5,186 | +44.9% |
| Furniture and vehicles | 24 | €21,978 | €14,398 | -€7,580 | -34.5% |
| Leasing and similar rights | 25 | - | €23,672 | +€23,672 | |
| Other tangible fixed assets | 26 | €1,944 | €1,259 | -€686 | -35.3% |
| Current assets | 29/58 | €653,897 | €576,847 | -€77,050 | -11.8% |
| Stocks and contracts in progress | 3 | €211,387 | €190,950 | -€20,437 | -9.7% |
| Stocks | 30/36 | €137,887 | €122,450 | -€15,437 | -11.2% |
| Contracts in progress | 37 | €73,500 | €68,500 | -€5,000 | -6.8% |
| Amounts receivable within one year | 40/41 | €361,500 | €296,110 | -€65,391 | -18.1% |
| Trade receivables | 40 | €306,582 | €231,026 | -€75,555 | -24.6% |
| Other amounts receivable | 41 | €54,919 | €65,083 | +€10,164 | +18.5% |
| Current investments | 50/53 | €144 | - | -€144 | |
| Cash at bank and in hand | 54/58 | €79,715 | €78,453 | -€1,261 | -1.6% |
| Deferred charges and accrued income | 490/1 | €1,152 | €11,334 | +€10,182 | +884% |
| Total equity and liabilities | 10/49 | €703,154 | €644,319 | -€58,836 | -8.4% |
| Equity | 10/15 | €532,043 | €512,051 | -€19,992 | -3.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €430,279 | €411,169 | -€19,110 | -4.4% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €420,279 | €401,169 | -€19,110 | -4.5% |
| Investment grants | 15 | €1,764 | €882 | -€882 | -50.0% |
| Amounts payable | 17/49 | €171,111 | €132,268 | -€38,844 | -22.7% |
| Amounts payable after more than one year | 17 | - | €15,478 | +€15,478 | |
| Financial debts | 170/4 | - | €15,478 | +€15,478 | |
| Amounts payable within one year | 42/48 | €171,111 | €116,790 | -€54,322 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | - | €6,879 | +€6,879 | |
| Trade debts | 44 | €121,262 | €74,603 | -€46,659 | -38.5% |
| Suppliers | 440/4 | €121,262 | €74,603 | -€46,659 | -38.5% |
| Advances received on contracts in progress | 46 | €7,681 | €681 | -€7,000 | -91.1% |
| Taxes, remuneration and social security | 45 | €25,597 | €18,045 | -€7,552 | -29.5% |
| Taxes | 450/3 | €5,373 | €5,106 | -€268 | -5.0% |
| Remuneration and social security | 454/9 | €20,224 | €12,940 | -€7,285 | -36.0% |
| Other amounts payable | 47/48 | €16,571 | €16,581 | +€10 | +0.1% |
| Non-recurring operating income | 76A | €300 | €3,781 | +€3,481 | +1,160% |
| Remuneration, social security and pensions | 62 | €216,617 | €214,747 | -€1,870 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,821 | €27,383 | +€1,562 | +6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,993 | - | +€1,993 | |
| Other operating charges | 640/8 | €11,024 | €21,838 | +€10,814 | +98.1% |
| Gross operating margin | 9900 | €222,699 | €247,007 | +€24,308 | +10.9% |
| Operating profit (loss) | 9901 | -€28,770 | -€16,961 | +€11,809 | +41.0% |
| Financial income | 75/76B | €5,438 | €2,069 | -€3,369 | -61.9% |
| Recurring financial income | 75 | €5,438 | €2,069 | -€3,369 | -61.9% |
| Financial charges | 65/66B | €3,147 | €3,634 | +€488 | +15.5% |
| Recurring financial charges | 65 | €3,147 | €3,634 | +€488 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | -€26,478 | -€18,526 | +€7,952 | +30.0% |
| Transfer from deferred taxes | 780 | €185 | - | -€185 | |
| Income taxes | 67/77 | €583 | €584 | +€1 | +0.2% |
| Profit (loss) for the period | 9904 | -€26,876 | -€19,110 | +€7,766 | +28.9% |
| Transfer from tax-exempt reserves | 789 | €315 | - | -€315 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,561 | -€19,110 | +€7,451 | +28.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.