ROSINI: 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.
ROSINI
Largest movements
- Receivables within one year +€21,232
up €21,232 (+22.5%), from €94,301 to €115,533
of which Trade receivables: +€13,259
- Cash +€10,639
up €10,639 (+55.3%), from €19,254 to €29,893
mainly Tax, wage and social debts (+€17,470) and Other debts (+€16,140)
- Tangible fixed assets -€7,927
down €7,927 (-58.9%), from €13,451 to €5,524
of which Other tangible fixed assets: -€7,377
- Financial fixed assets -€5,050
down €5,050 (-94.7%), from €5,330 to €280
- Profit (loss) carried forward -€20,484
down €20,484, from €0 to -€20,484
- Current portion of long-term debt -€20,000
down €20,000 (-99.2%), from €20,160 to €160
- Tax, wage and social debts +€17,470
up €17,470 (+18.5%), from €94,324 to €111,794
of which Taxes: +€14,518
- Other debts +€16,140
up €16,140 (+128%), from €12,610 to €28,750
- Trade debts +€12,195
up €12,195 (+23.7%), from €51,454 to €63,649
- Financial charges +€67,561
up €67,561 (+474%), from €14,265 to €81,826
- Gross operating margin -€37,332
down €37,332 (-15.3%), from €244,117 to €206,786
- Taxes -€21,268
down €21,268 (-87.3%), from €24,363 to €3,095
- Staff costs -€8,358
down €8,358 (-6.5%), from €127,912 to €119,554
- Depreciation -€7,571
down €7,571 (-76.8%), from €9,852 to €2,281
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 | €439,010 | €453,919 | +€14,909 | +3.4% |
| Fixed assets | 21/28 | €18,781 | €5,804 | -€12,977 | -69.1% |
| Tangible fixed assets | 22/27 | €13,451 | €5,524 | -€7,927 | -58.9% |
| Plant, machinery and equipment | 23 | €284 | €0 | -€284 | -100% |
| Furniture and vehicles | 24 | €1,331 | €1,064 | -€266 | -20.0% |
| Other tangible fixed assets | 26 | €11,837 | €4,460 | -€7,377 | -62.3% |
| Financial fixed assets | 28 | €5,330 | €280 | -€5,050 | -94.7% |
| Current assets | 29/58 | €420,229 | €448,115 | +€27,886 | +6.6% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €94,301 | €115,533 | +€21,232 | +22.5% |
| Trade receivables | 40 | €2,741 | €16,000 | +€13,259 | +484% |
| Other amounts receivable | 41 | €91,561 | €99,533 | +€7,972 | +8.7% |
| Current investments | 50/53 | €268 | €268 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,254 | €29,893 | +€10,639 | +55.3% |
| Deferred charges and accrued income | 490/1 | €6,406 | €2,421 | -€3,985 | -62.2% |
| Total equity and liabilities | 10/49 | €439,010 | €453,919 | +€14,909 | +3.4% |
| Equity | 10/15 | €201,972 | €181,488 | -€20,484 | -10.1% |
| Contributions | 10/11 | €46,250 | €46,250 | = | 0.0% |
| Reserves | 13 | €155,722 | €155,722 | = | 0.0% |
| Distributable reserves | 133 | €155,722 | €155,722 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€20,484 | -€20,484 | |
| Provisions and deferred taxes | 16 | €17,500 | €16,042 | -€1,458 | -8.3% |
| Provisions for liabilities and charges | 160/5 | €17,500 | €16,042 | -€1,458 | -8.3% |
| Pensions and similar obligations | 160 | €17,500 | €16,042 | -€1,458 | -8.3% |
| Amounts payable | 17/49 | €219,538 | €256,389 | +€36,851 | +16.8% |
| Amounts payable within one year | 42/48 | €219,538 | €256,389 | +€36,851 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €20,160 | €160 | -€20,000 | -99.2% |
| Financial debts | 43 | €40,989 | €52,036 | +€11,046 | +26.9% |
| Credit institutions | 430/8 | €40,989 | €52,036 | +€11,046 | +26.9% |
| Trade debts | 44 | €51,454 | €63,649 | +€12,195 | +23.7% |
| Suppliers | 440/4 | €51,454 | €63,649 | +€12,195 | +23.7% |
| Taxes, remuneration and social security | 45 | €94,324 | €111,794 | +€17,470 | +18.5% |
| Taxes | 450/3 | €59,600 | €74,118 | +€14,518 | +24.4% |
| Remuneration and social security | 454/9 | €34,725 | €37,677 | +€2,952 | +8.5% |
| Other amounts payable | 47/48 | €12,610 | €28,750 | +€16,140 | +128% |
| Non-recurring operating income | 76A | €2,500 | €10,338 | +€7,838 | +314% |
| Remuneration, social security and pensions | 62 | €127,912 | €119,554 | -€8,358 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,852 | €2,281 | -€7,571 | -76.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €764 | €1,977 | +€1,213 | +159% |
| Other operating charges | 640/8 | €14,625 | €13,467 | -€1,157 | -7.9% |
| Non-recurring operating charges | 66A | - | €5,646 | +€5,646 | |
| Gross operating margin | 9900 | €244,117 | €206,786 | -€37,332 | -15.3% |
| Operating profit (loss) | 9901 | €90,965 | €63,861 | -€27,104 | -29.8% |
| Financial income | 75/76B | €8 | €576 | +€568 | +6,738% |
| Recurring financial income | 75 | €8 | €576 | +€568 | +6,738% |
| Financial charges | 65/66B | €14,265 | €81,826 | +€67,561 | +474% |
| Recurring financial charges | 65 | €14,265 | €81,826 | +€67,561 | +474% |
| Profit (loss) for the period before taxes | 9903 | €76,709 | -€17,389 | -€94,098 | |
| Income taxes | 67/77 | €24,363 | €3,095 | -€21,268 | -87.3% |
| Profit (loss) for the period | 9904 | €52,346 | -€20,484 | -€72,830 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,346 | -€20,484 | -€72,830 |
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 27 October 2026 via checked.be.