ROSEN ERIC: 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 ERIC
Largest movements
- Stocks and contracts +€23,025
up €23,025 (+474.3%), from €4,854 to €27,879
- Tangible fixed assets -€21,290
down €21,290 (-33.2%), from €64,044 to €42,754
of which Plant, machinery and equipment: -€13,908
- Cash -€17,159
down €17,159 (-13.4%), from €128,014 to €110,855
mainly Stocks and contracts (-€23,025) and Other debts (-€12,085)
- Intangible fixed assets -€8,000
down €8,000 (-50.0%), from €16,000 to €8,000
- Other debts -€12,085
down €12,085 (-15.5%), from €77,729 to €65,644
- Debts after one year -€11,288
down €11,288 (-74.4%), from €15,174 to €3,886
- Tax, wage and social debts -€3,664
no longer reported in 2025 (was €3,664)
- Trade debts +€2,463
up €2,463 (+20.7%), from €11,901 to €14,364
- Financial income -€18,193
down €18,193 (-98.4%), from €18,480 to €287
of which Non-recurring financial income: -€18,212
- Purchases and services -€12,330
down €12,330 (-11.7%), from €105,113 to €92,782
- Gross operating margin -€4,405
down €4,405 (-9.7%), from €45,588 to €41,183
- Financial charges -€4,311
down €4,311 (-72.5%), from €5,944 to €1,633
- Depreciation +€2,180
up €2,180 (+7.9%), from €27,652 to €29,832
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 | €218,001 | €194,441 | -€23,561 | -10.8% |
| Fixed assets | 21/28 | €80,044 | €50,754 | -€29,290 | -36.6% |
| Intangible fixed assets | 21 | €16,000 | €8,000 | -€8,000 | -50.0% |
| Tangible fixed assets | 22/27 | €64,044 | €42,754 | -€21,290 | -33.2% |
| Plant, machinery and equipment | 23 | €39,707 | €25,799 | -€13,908 | -35.0% |
| Furniture and vehicles | 24 | €24,337 | €16,955 | -€7,382 | -30.3% |
| Current assets | 29/58 | €137,958 | €143,686 | +€5,729 | +4.2% |
| Stocks and contracts in progress | 3 | €4,854 | €27,879 | +€23,025 | +474.3% |
| Stocks | 30/36 | €4,854 | €27,879 | +€23,025 | +474.3% |
| Amounts receivable within one year | 40/41 | €4,751 | €3,657 | -€1,095 | -23.0% |
| Trade receivables | 40 | €2,119 | €3,161 | +€1,042 | +49.2% |
| Other amounts receivable | 41 | €2,633 | €495 | -€2,137 | -81.2% |
| Cash at bank and in hand | 54/58 | €128,014 | €110,855 | -€17,159 | -13.4% |
| Deferred charges and accrued income | 490/1 | €338 | €1,295 | +€957 | +283.6% |
| Total equity and liabilities | 10/49 | €218,001 | €194,441 | -€23,561 | -10.8% |
| Equity | 10/15 | €98,707 | €99,258 | +€552 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,107 | €80,658 | +€552 | +0.7% |
| Distributable reserves | 133 | €80,107 | €80,658 | +€552 | +0.7% |
| Amounts payable | 17/49 | €119,295 | €95,182 | -€24,113 | -20.2% |
| Amounts payable after more than one year | 17 | €15,174 | €3,886 | -€11,288 | -74.4% |
| Financial debts | 170/4 | €15,174 | €3,886 | -€11,288 | -74.4% |
| Amounts payable within one year | 42/48 | €104,121 | €91,296 | -€12,825 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €10,827 | €11,288 | +€461 | +4.3% |
| Trade debts | 44 | €11,901 | €14,364 | +€2,463 | +20.7% |
| Suppliers | 440/4 | €11,901 | €14,364 | +€2,463 | +20.7% |
| Taxes, remuneration and social security | 45 | €3,664 | - | -€3,664 | |
| Taxes | 450/3 | €3,664 | - | -€3,664 | |
| Other amounts payable | 47/48 | €77,729 | €65,644 | -€12,085 | -15.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €105,113 | €92,782 | -€12,330 | -11.7% |
| Remuneration, social security and pensions | 62 | €150 | - | -€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,652 | €29,832 | +€2,180 | +7.9% |
| Other operating charges | 640/8 | €1,165 | €574 | -€591 | -50.7% |
| Gross operating margin | 9900 | €45,588 | €41,183 | -€4,405 | -9.7% |
| Operating profit (loss) | 9901 | €16,621 | €10,776 | -€5,844 | -35.2% |
| Financial income | 75/76B | €18,480 | €287 | -€18,193 | -98.4% |
| Recurring financial income | 75 | €268 | €287 | +€19 | +7.1% |
| Non-recurring financial income | 76B | €18,212 | - | -€18,212 | |
| Financial charges | 65/66B | €5,944 | €1,633 | -€4,311 | -72.5% |
| Recurring financial charges | 65 | €5,944 | €1,633 | -€4,311 | -72.5% |
| Profit (loss) for the period before taxes | 9903 | €29,156 | €9,430 | -€19,726 | -67.7% |
| Income taxes | 67/77 | €8,239 | €8,879 | +€639 | +7.8% |
| Profit (loss) for the period | 9904 | €20,917 | €552 | -€20,365 | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,917 | €552 | -€20,365 | -97.4% |
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 9 October 2026 via checked.be.