ROSENOBEL: 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.
ROSENOBEL
Largest movements
- Tangible fixed assets -€15,248
down €15,248 (-8.5%), from €178,802 to €163,554
of which Other tangible fixed assets: -€14,500
- Receivables within one year -€8,156
down €8,156 (-14.6%), from €56,019 to €47,863
of which Trade receivables: -€8,156
- Cash +€7,854
up €7,854 (+78.7%), from €9,975 to €17,830
mainly Depreciation (+€15,248) and Current portion of long-term debt (+€11,769)
- Debts after one year -€23,482
no longer reported in 2025 (was €23,482)
- Current portion of long-term debt +€11,769
up €11,769 (+8.1%), from €144,547 to €156,316
- Other debts -€8,175
down €8,175 (-19.4%), from €42,233 to €34,058
- Profit (loss) carried forward +€6,946
up €6,946 (+18.1%), from -€38,375 to -€31,429
- Advances received -€3,986
no longer reported in 2025 (was €3,986)
- Gross operating margin +€21,627
up €21,627 (+448%), from €4,825 to €26,452
- Financial income -€17,013
no longer reported in 2025 (was €17,013)
of which Financial income: -€17,013
- Other operating charges -€14,431
down €14,431 (-96.5%), from €14,950 to €519
- Financial charges -€1,779
down €1,779 (-32.2%), from €5,519 to €3,739
of which Financial charges: -€1,673
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 | €253,671 | €238,752 | -€14,919 | -5.9% |
| Fixed assets | 21/28 | €179,473 | €164,225 | -€15,248 | -8.5% |
| Tangible fixed assets | 22/27 | €178,802 | €163,554 | -€15,248 | -8.5% |
| Land and buildings | 22 | €4,802 | €4,054 | -€748 | -15.6% |
| Other tangible fixed assets | 26 | €174,000 | €159,500 | -€14,500 | -8.3% |
| Financial fixed assets | 28 | €671 | €671 | = | 0.0% |
| Current assets | 29/58 | €74,198 | €74,527 | +€329 | +0.4% |
| Amounts receivable within one year | 40/41 | €56,019 | €47,863 | -€8,156 | -14.6% |
| Trade receivables | 40 | €56,003 | €47,847 | -€8,156 | -14.6% |
| Other amounts receivable | 41 | €16 | €16 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,975 | €17,830 | +€7,854 | +78.7% |
| Deferred charges and accrued income | 490/1 | €8,204 | €8,834 | +€631 | +7.7% |
| Total equity and liabilities | 10/49 | €253,671 | €238,752 | -€14,919 | -5.9% |
| Equity | 10/15 | €21,687 | €28,632 | +€6,946 | +32.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,462 | €41,462 | = | 0.0% |
| Non-distributable reserves | 130/1 | €297 | €297 | = | 0.0% |
| Reserves not available under the articles | 1311 | €297 | €297 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,848 | €15,848 | = | 0.0% |
| Distributable reserves | 133 | €25,316 | €25,316 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,375 | -€31,429 | +€6,946 | +18.1% |
| Amounts payable | 17/49 | €231,984 | €210,120 | -€21,864 | -9.4% |
| Amounts payable after more than one year | 17 | €23,482 | - | -€23,482 | |
| Financial debts | 170/4 | €23,482 | - | -€23,482 | |
| Amounts payable within one year | 42/48 | €208,502 | €210,120 | +€1,618 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €144,547 | €156,316 | +€11,769 | +8.1% |
| Trade debts | 44 | €17,737 | €19,746 | +€2,009 | +11.3% |
| Suppliers | 440/4 | €17,737 | €19,746 | +€2,009 | +11.3% |
| Advances received on contracts in progress | 46 | €3,986 | - | -€3,986 | |
| Other amounts payable | 47/48 | €42,233 | €34,058 | -€8,175 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,248 | €15,248 | = | 0.0% |
| Other operating charges | 640/8 | €14,950 | €519 | -€14,431 | -96.5% |
| Gross operating margin | 9900 | €4,825 | €26,452 | +€21,627 | +448% |
| Operating profit (loss) | 9901 | -€25,373 | €10,685 | +€36,058 | |
| Financial income | 75/76B | €17,013 | - | -€17,013 | |
| Recurring financial income | 75 | €17,013 | - | -€17,013 | |
| Non-recurring financial income | 76B | €17,013 | - | -€17,013 | |
| Financial charges | 65/66B | €5,519 | €3,739 | -€1,779 | -32.2% |
| Recurring financial charges | 65 | €5,412 | €3,739 | -€1,673 | -30.9% |
| Non-recurring financial charges | 66B | €106 | - | -€106 | |
| Profit (loss) for the period before taxes | 9903 | -€13,879 | €6,946 | +€20,824 | |
| Profit (loss) for the period | 9904 | -€13,879 | €6,946 | +€20,824 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,879 | €6,946 | +€20,824 |
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 1 November 2026 via checked.be.