ROZENBACH: 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.
ROZENBACH
Largest movements
- Receivables within one year +€24,631
up €24,631 (+489.4%), from €5,033 to €29,664
of which Trade receivables: +€15,265
- Tangible fixed assets -€24,426
down €24,426 (-3.1%), from €785,046 to €760,620
of which Land and buildings: -€31,860
- Cash +€10,585
up €10,585 (+10.0%), from €105,392 to €115,977
mainly Depreciation (+€55,547) and Debts after one year (+€50,791)
- Contributions -€110,000
down €110,000 (-40.7%), from €270,000 to €160,000
- Debts after one year +€50,791
up €50,791 (+27.1%), from €187,538 to €238,329
- Reserves +€26,729
up €26,729 (+10.5%), from €255,084 to €281,813
of which Distributable reserves: +€26,729
- Trade debts +€21,145
up €21,145 (+49.3%), from €42,908 to €64,054
- Current portion of long-term debt +€15,280
up €15,280 (+29.8%), from €51,227 to €66,507
- Financial charges +€12,953
up €12,953 (+154.3%), from €8,392 to €21,345
- Staff costs -€10,886
down €10,886 (-7.6%), from €143,061 to €132,176
- Depreciation +€4,550
up €4,550 (+8.9%), from €50,997 to €55,547
- Gross operating margin +€3,122
up €3,122 (+1.2%), from €258,599 to €261,720
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 | €911,569 | €918,297 | +€6,728 | +0.7% |
| Fixed assets | 21/28 | €786,299 | €762,199 | -€24,100 | -3.1% |
| Tangible fixed assets | 22/27 | €785,046 | €760,620 | -€24,426 | -3.1% |
| Land and buildings | 22 | €734,593 | €702,733 | -€31,860 | -4.3% |
| Plant, machinery and equipment | 23 | €5,161 | €5,906 | +€745 | +14.4% |
| Furniture and vehicles | 24 | €45,291 | €51,981 | +€6,690 | +14.8% |
| Financial fixed assets | 28 | €1,253 | €1,579 | +€326 | +26.0% |
| Current assets | 29/58 | €125,270 | €156,098 | +€30,828 | +24.6% |
| Stocks and contracts in progress | 3 | €6,024 | €6,024 | = | 0.0% |
| Stocks | 30/36 | €6,024 | €6,024 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,033 | €29,664 | +€24,631 | +489.4% |
| Trade receivables | 40 | €5,033 | €20,299 | +€15,265 | +303.3% |
| Other amounts receivable | 41 | - | €9,366 | +€9,366 | |
| Cash at bank and in hand | 54/58 | €105,392 | €115,977 | +€10,585 | +10.0% |
| Deferred charges and accrued income | 490/1 | €8,821 | €4,433 | -€4,389 | -49.8% |
| Total equity and liabilities | 10/49 | €911,569 | €918,297 | +€6,728 | +0.7% |
| Equity | 10/15 | €539,652 | €456,382 | -€83,271 | -15.4% |
| Contributions | 10/11 | €270,000 | €160,000 | -€110,000 | -40.7% |
| Reserves | 13 | €255,084 | €281,813 | +€26,729 | +10.5% |
| Non-distributable reserves | 130/1 | €13,206 | €13,206 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,206 | €13,206 | = | 0.0% |
| Distributable reserves | 133 | €241,878 | €268,608 | +€26,729 | +11.1% |
| Profit (loss) carried forward | 14 | €14,569 | €14,569 | = | 0.0% |
| Amounts payable | 17/49 | €371,917 | €461,916 | +€89,999 | +24.2% |
| Amounts payable after more than one year | 17 | €187,538 | €238,329 | +€50,791 | +27.1% |
| Other amounts payable | 178/9 | €187,538 | €238,329 | +€50,791 | +27.1% |
| Amounts payable within one year | 42/48 | €184,378 | €223,587 | +€39,208 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €51,227 | €66,507 | +€15,280 | +29.8% |
| Trade debts | 44 | €42,908 | €64,054 | +€21,145 | +49.3% |
| Suppliers | 440/4 | €42,908 | €64,054 | +€21,145 | +49.3% |
| Taxes, remuneration and social security | 45 | €11,739 | €13,242 | +€1,504 | +12.8% |
| Taxes | 450/3 | €3,552 | €3,998 | +€446 | +12.5% |
| Remuneration and social security | 454/9 | €8,186 | €9,244 | +€1,058 | +12.9% |
| Other amounts payable | 47/48 | €78,505 | €79,784 | +€1,279 | +1.6% |
| Remuneration, social security and pensions | 62 | €143,061 | €132,176 | -€10,886 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,997 | €55,547 | +€4,550 | +8.9% |
| Other operating charges | 640/8 | €8,144 | €8,315 | +€171 | +2.1% |
| Gross operating margin | 9900 | €258,599 | €261,720 | +€3,122 | +1.2% |
| Operating profit (loss) | 9901 | €56,396 | €65,682 | +€9,286 | +16.5% |
| Financial income | 75/76B | €217 | €415 | +€198 | +91.0% |
| Recurring financial income | 75 | €217 | €415 | +€198 | +91.0% |
| Financial charges | 65/66B | €8,392 | €21,345 | +€12,953 | +154.3% |
| Recurring financial charges | 65 | €8,392 | €21,345 | +€12,953 | +154.3% |
| Profit (loss) for the period before taxes | 9903 | €48,221 | €44,752 | -€3,469 | -7.2% |
| Income taxes | 67/77 | €16,258 | €16,356 | +€98 | +0.6% |
| Profit (loss) for the period | 9904 | €31,963 | €28,395 | -€3,567 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,963 | €28,395 | -€3,567 | -11.2% |
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.