ROSETTA SAP: what changed
Two fiscal 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.
ROSETTA SAP
Largest movements
- Cash +€38,050
up €38,050 (+1262.6%), from €3,014 to €41,063
mainly Other debts (+€132,862) and Short-term financial debts (+€25,000)
- Deferred charges and accrued income +€35,905
new in 2025: €35,905
- Intangible fixed assets +€29,165
up €29,165 (+1534.3%), from €1,901 to €31,066
- Tangible fixed assets -€4,971
down €4,971 (-11.6%), from €42,795 to €37,824
of which Other tangible fixed assets: -€3,286
- Receivables within one year -€4,733
down €4,733 (-2.9%), from €163,616 to €158,883
of which Other amounts receivable: -€60,496
- Other debts +€132,862
new in 2025: €132,862
- Trade debts -€62,005
down €62,005 (-27.8%), from €222,815 to €160,811
- Short-term financial debts +€25,000
new in 2025: €25,000
- Tax, wage and social debts -€5,506
down €5,506 (-53.2%), from €10,349 to €4,843
- Profit (loss) carried forward +€3,065
up €3,065 (+4.2%), from -€72,216 to -€69,151
- Gross operating margin +€75,922
up €75,922, from -€61,025 to €14,897
- Depreciation +€5,400
up €5,400 (+172.7%), from €3,127 to €8,527
- Other operating charges -€4,334
down €4,334 (-72.5%), from €5,978 to €1,644
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 | €211,325 | €304,741 | +€93,416 | +44.2% |
| Fixed assets | 21/28 | €44,696 | €68,890 | +€24,194 | +54.1% |
| Intangible fixed assets | 21 | €1,901 | €31,066 | +€29,165 | +1534.3% |
| Tangible fixed assets | 22/27 | €42,795 | €37,824 | -€4,971 | -11.6% |
| Plant, machinery and equipment | 23 | €6,648 | €6,249 | -€399 | -6.0% |
| Furniture and vehicles | 24 | €15,292 | €14,005 | -€1,286 | -8.4% |
| Other tangible fixed assets | 26 | €20,856 | €17,569 | -€3,286 | -15.8% |
| Current assets | 29/58 | €166,629 | €235,851 | +€69,222 | +41.5% |
| Amounts receivable within one year | 40/41 | €163,616 | €158,883 | -€4,733 | -2.9% |
| Trade receivables | 40 | €103,120 | €158,883 | +€55,763 | +54.1% |
| Other amounts receivable | 41 | €60,496 | - | -€60,496 | |
| Cash at bank and in hand | 54/58 | €3,014 | €41,063 | +€38,050 | +1262.6% |
| Deferred charges and accrued income | 490/1 | - | €35,905 | +€35,905 | |
| Total equity and liabilities | 10/49 | €211,325 | €304,741 | +€93,416 | +44.2% |
| Equity | 10/15 | -€37,341 | -€34,276 | +€3,065 | +8.2% |
| Contributions | 10/11 | €8,250 | €8,250 | = | 0.0% |
| Reserves | 13 | €26,625 | €26,625 | = | 0.0% |
| Distributable reserves | 133 | €26,625 | €26,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,216 | -€69,151 | +€3,065 | +4.2% |
| Amounts payable | 17/49 | €248,667 | €339,017 | +€90,351 | +36.3% |
| Amounts payable within one year | 42/48 | €233,164 | €323,515 | +€90,351 | +38.7% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €222,815 | €160,811 | -€62,005 | -27.8% |
| Suppliers | 440/4 | €222,815 | €160,811 | -€62,005 | -27.8% |
| Taxes, remuneration and social security | 45 | €10,349 | €4,843 | -€5,506 | -53.2% |
| Taxes | 450/3 | €10,349 | €4,843 | -€5,506 | -53.2% |
| Other amounts payable | 47/48 | - | €132,862 | +€132,862 | |
| Accrued charges and deferred income | 492/3 | €15,503 | €15,503 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,127 | €8,527 | +€5,400 | +172.7% |
| Other operating charges | 640/8 | €5,978 | €1,644 | -€4,334 | -72.5% |
| Gross operating margin | 9900 | -€61,025 | €14,897 | +€75,922 | |
| Operating profit (loss) | 9901 | -€70,130 | €4,726 | +€74,856 | |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €2,086 | €1,670 | -€416 | -19.9% |
| Recurring financial charges | 65 | €2,086 | €1,670 | -€416 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | -€72,216 | €3,065 | +€75,281 | |
| Profit (loss) for the period | 9904 | -€72,216 | €3,065 | +€75,281 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,216 | €3,065 | +€75,281 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.