Rosetree Fund: 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.
Rosetree Fund
Largest movements
- Current investments +€1.1m
up €1.1m (+9.2%), from €12.2m to €13.3m
- Cash -€258,312
down €258,312 (-80.7%), from €319,936 to €61,624
- Financial fixed assets +€250,105
new in 2023: €250,105
- Equity +€1.7m
up €1.7m (+15.6%), from €10.8m to €12.4m
of which Contributions: +€10.7m
- Accrued charges and deferred income -€512,746
down €512,746 (-29.1%), from €1.8m to €1.3m
- Financial income +€1.7m
up €1.7m (+1,651%), from €105,849 to €1.9m
- Financial charges +€42,668
up €42,668 (+65.1%), from €65,592 to €108,259
- Taxes +€38,461
new in 2023: €38,461
- Other operating charges -€20,760
no longer reported in 2023 (was €20,760)
- Gross operating margin -€2,008
down €2,008 (-66.7%), from -€3,011 to -€5,019
From the 2021 result to the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,540,497 | €13,688,703 | +€1.1m | +9.2% |
| Fixed assets | 21/28 | - | €250,105 | +€250,105 | |
| Financial fixed assets | 28 | - | €250,105 | +€250,105 | |
| Current assets | 29/58 | €12,540,497 | €13,438,598 | +€898,101 | +7.2% |
| Current investments | 50/53 | €12,207,770 | €13,336,334 | +€1.1m | +9.2% |
| Cash at bank and in hand | 54/58 | €319,936 | €61,624 | -€258,312 | -80.7% |
| Deferred charges and accrued income | 490/1 | €12,791 | €40,640 | +€27,848 | +218% |
| Total equity and liabilities | 10/49 | €12,540,497 | €13,688,703 | +€1.1m | +9.2% |
| Equity | 10/15 | €10,751,746 | €12,429,580 | +€1.7m | +15.6% |
| Contributions | 10/11 | - | €10,736,979 | +€10.7m | |
| Capital | 10 | - | €10,736,979 | +€10.7m | |
| Profit (loss) carried forward | 14 | €14,767 | €1,692,600 | +€1.7m | +11,362% |
| Amounts payable | 17/49 | €1,788,751 | €1,259,123 | -€529,628 | -29.6% |
| Amounts payable within one year | 42/48 | €23,822 | €6,940 | -€16,882 | -70.9% |
| Trade debts | 44 | €189 | €4,067 | +€3,878 | +2,054% |
| Suppliers | 440/4 | €189 | €4,067 | +€3,878 | +2,054% |
| Taxes, remuneration and social security | 45 | €20,760 | - | -€20,760 | |
| Taxes | 450/3 | €20,760 | - | -€20,760 | |
| Accrued charges and deferred income | 492/3 | €1,764,929 | €1,252,183 | -€512,746 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,719 | - | -€1,719 | |
| Other operating charges | 640/8 | €20,760 | - | -€20,760 | |
| Gross operating margin | 9900 | -€3,011 | -€5,019 | -€2,008 | -66.7% |
| Operating profit (loss) | 9901 | -€25,490 | -€5,019 | +€20,472 | +80.3% |
| Financial income | 75/76B | €105,849 | €1,853,418 | +€1.7m | +1,651% |
| Recurring financial income | 75 | €105,849 | €1,853,418 | +€1.7m | +1,651% |
| Financial charges | 65/66B | €65,592 | €108,259 | +€42,668 | +65.1% |
| Recurring financial charges | 65 | €65,592 | €108,259 | +€42,668 | +65.1% |
| Profit (loss) for the period before taxes | 9903 | €14,767 | €1,740,140 | +€1.7m | +11,684% |
| Income taxes | 67/77 | - | €38,461 | +€38,461 | |
| Profit (loss) for the period | 9904 | €14,767 | €1,701,678 | +€1.7m | +11,424% |
| Profit (loss) for the period to be appropriated | 9905 | €14,767 | €1,701,678 | +€1.7m | +11,424% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.