ROSHI: 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.
ROSHI
Largest movements
- Tangible fixed assets -€956,423
down €956,423 (-21.4%), from €4.5m to €3.5m
of which Land and buildings: -€596,933
- Cash -€115,624
down €115,624 (-79.0%), from €146,407 to €30,783
mainly Tax, wage and social debts (-€631,482) and Short-term financial debts (-€501,562)
- Tax, wage and social debts -€631,482
down €631,482 (-99.7%), from €633,468 to €1,987
- Short-term financial debts -€501,562
no longer reported in 2025 (was €501,562)
- Debts after one year +€224,494
up €224,494 (+93.3%), from €240,673 to €465,167
of which Other amounts payable: +€244,886
- Provisions -€118,394
no longer reported in 2025 (was €118,394)
- Other debts -€100,101
down €100,101 (-9.7%), from €1.0m to €937,168
- Taxes -€1.0m
down €1.0m (-88.0%), from €1.2m to €142,612
- Gross operating margin +€240,725
up €240,725 (+460.2%), from €52,312 to €293,037
- Provisions -€236,789
down €236,789, from €118,394 to -€118,394
- Financial charges -€84,828
down €84,828 (-76.3%), from €111,241 to €26,413
- Depreciation -€14,400
down €14,400 (-8.1%), from €177,760 to €163,359
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 | €4,612,895 | €3,551,547 | -€1.1m | -23.0% |
| Fixed assets | 21/28 | €4,459,947 | €3,503,524 | -€956,423 | -21.4% |
| Tangible fixed assets | 22/27 | €4,459,897 | €3,503,474 | -€956,423 | -21.4% |
| Land and buildings | 22 | €3,920,724 | €3,323,791 | -€596,933 | -15.2% |
| Plant, machinery and equipment | 23 | €44,520 | €36,407 | -€8,113 | -18.2% |
| Furniture and vehicles | 24 | €4,484 | €2,964 | -€1,520 | -33.9% |
| Other tangible fixed assets | 26 | €490,169 | €140,312 | -€349,857 | -71.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €152,948 | €48,023 | -€104,925 | -68.6% |
| Amounts receivable within one year | 40/41 | €5,349 | €15,720 | +€10,371 | +193.9% |
| Trade receivables | 40 | €5,349 | €15,720 | +€10,371 | +193.9% |
| Cash at bank and in hand | 54/58 | €146,407 | €30,783 | -€115,624 | -79.0% |
| Deferred charges and accrued income | 490/1 | €1,191 | €1,520 | +€328 | +27.5% |
| Total equity and liabilities | 10/49 | €4,612,895 | €3,551,547 | -€1.1m | -23.0% |
| Equity | 10/15 | €2,051,297 | €2,121,488 | +€70,191 | +3.4% |
| Contributions | 10/11 | €830,000 | €830,000 | = | 0.0% |
| Reserves | 13 | €3,089,599 | €3,089,599 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,230 | €8,230 | = | 0.0% |
| Distributable reserves | 133 | €3,081,369 | €3,081,369 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,868,302 | -€1,798,111 | +€70,191 | +3.8% |
| Provisions and deferred taxes | 16 | €118,394 | - | -€118,394 | |
| Provisions for liabilities and charges | 160/5 | €118,394 | - | -€118,394 | |
| Taxes | 161 | €118,394 | - | -€118,394 | |
| Amounts payable | 17/49 | €2,443,204 | €1,430,059 | -€1.0m | -41.5% |
| Amounts payable after more than one year | 17 | €240,673 | €465,167 | +€224,494 | +93.3% |
| Financial debts | 170/4 | €240,673 | €220,281 | -€20,392 | -8.5% |
| Other amounts payable | 178/9 | - | €244,886 | +€244,886 | |
| Amounts payable within one year | 42/48 | €2,202,531 | €964,892 | -€1.2m | -56.2% |
| Current portion of amounts payable after more than one year | 42 | €23,654 | €20,111 | -€3,543 | -15.0% |
| Financial debts | 43 | €501,562 | - | -€501,562 | |
| Credit institutions | 430/8 | €501,562 | - | -€501,562 | |
| Trade debts | 44 | €6,578 | €5,627 | -€951 | -14.5% |
| Suppliers | 440/4 | €6,578 | €5,627 | -€951 | -14.5% |
| Taxes, remuneration and social security | 45 | €633,468 | €1,987 | -€631,482 | -99.7% |
| Taxes | 450/3 | €633,468 | €1,987 | -€631,482 | -99.7% |
| Other amounts payable | 47/48 | €1,037,270 | €937,168 | -€100,101 | -9.7% |
| Non-recurring operating income | 76A | - | €234,254 | +€234,254 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €177,760 | €163,359 | -€14,400 | -8.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €118,394 | -€118,394 | -€236,789 | |
| Other operating charges | 640/8 | €10,094 | €8,856 | -€1,238 | -12.3% |
| Gross operating margin | 9900 | €52,312 | €293,037 | +€240,725 | +460.2% |
| Operating profit (loss) | 9901 | -€253,936 | €239,216 | +€493,152 | |
| Financial income | 75/76B | €3,697 | €1 | -€3,696 | -100.0% |
| Recurring financial income | 75 | €3,697 | €1 | -€3,696 | -100.0% |
| Financial charges | 65/66B | €111,241 | €26,413 | -€84,828 | -76.3% |
| Recurring financial charges | 65 | €111,241 | €26,413 | -€84,828 | -76.3% |
| Profit (loss) for the period before taxes | 9903 | -€361,480 | €212,803 | +€574,283 | |
| Income taxes | 67/77 | €1,183,943 | €142,612 | -€1.0m | -88.0% |
| Profit (loss) for the period | 9904 | -€1,545,422 | €70,191 | +€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,545,422 | €70,191 | +€1.6m |
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 7 October 2026 via checked.be.