ROZENERF: 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.
ROZENERF
Largest movements
- Tangible fixed assets -€27,376
down €27,376 (-9.1%), from €301,197 to €273,821
of which Land and buildings: -€25,669
- Cash -€26,885
down €26,885 (-27.2%), from €98,836 to €71,951
mainly Current portion of long-term debt (-€35,000) and Debts after one year (-€28,667)
- Stocks and contracts -€26,036
down €26,036 (-12.7%), from €205,055 to €179,019
- Receivables within one year +€14,409
up €14,409 (+1,229%), from €1,173 to €15,582
of which Other amounts receivable: +€14,404
- Deferred charges and accrued income -€11,902
down €11,902 (-71.6%), from €16,633 to €4,731
- Current portion of long-term debt -€35,000
down €35,000 (-21.4%), from €163,667 to €128,667
- Debts after one year -€28,667
down €28,667 (-14.4%), from €199,278 to €170,611
- Trade debts -€19,120
down €19,120 (-36.6%), from €52,297 to €33,178
- Profit (loss) carried forward +€14,246
up €14,246 (+12.7%), from €112,343 to €126,589
- Accrued charges and deferred income -€13,605
down €13,605 (-44.7%), from €30,437 to €16,832
- Gross operating margin -€29,798
down €29,798 (-31.9%), from €93,474 to €63,676
- Depreciation -€8,540
down €8,540 (-19.7%), from €43,261 to €34,722
- Financial charges -€1,015
down €1,015 (-7.6%), from €13,296 to €12,280
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 | €622,893 | €545,104 | -€77,789 | -12.5% |
| Fixed assets | 21/28 | €301,197 | €273,821 | -€27,376 | -9.1% |
| Tangible fixed assets | 22/27 | €301,197 | €273,821 | -€27,376 | -9.1% |
| Land and buildings | 22 | €281,123 | €255,454 | -€25,669 | -9.1% |
| Plant, machinery and equipment | 23 | €8,544 | €12,602 | +€4,058 | +47.5% |
| Furniture and vehicles | 24 | €11,530 | €5,765 | -€5,765 | -50.0% |
| Current assets | 29/58 | €321,696 | €271,283 | -€50,413 | -15.7% |
| Stocks and contracts in progress | 3 | €205,055 | €179,019 | -€26,036 | -12.7% |
| Stocks | 30/36 | €205,055 | €179,019 | -€26,036 | -12.7% |
| Amounts receivable within one year | 40/41 | €1,173 | €15,582 | +€14,409 | +1,229% |
| Trade receivables | 40 | €0 | €6 | +€6 | |
| Other amounts receivable | 41 | €1,173 | €15,577 | +€14,404 | +1,228% |
| Cash at bank and in hand | 54/58 | €98,836 | €71,951 | -€26,885 | -27.2% |
| Deferred charges and accrued income | 490/1 | €16,633 | €4,731 | -€11,902 | -71.6% |
| Total equity and liabilities | 10/49 | €622,893 | €545,104 | -€77,789 | -12.5% |
| Equity | 10/15 | €156,411 | €168,295 | +€11,884 | +7.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,343 | €126,589 | +€14,246 | +12.7% |
| Investment grants | 15 | €23,617 | €21,255 | -€2,362 | -10.0% |
| Provisions and deferred taxes | 16 | €1,243 | €1,119 | -€124 | -10.0% |
| Deferred taxes | 168 | €1,243 | €1,119 | -€124 | -10.0% |
| Amounts payable | 17/49 | €465,239 | €375,690 | -€89,549 | -19.2% |
| Amounts payable after more than one year | 17 | €199,278 | €170,611 | -€28,667 | -14.4% |
| Financial debts | 170/4 | €199,278 | €170,611 | -€28,667 | -14.4% |
| Amounts payable within one year | 42/48 | €235,523 | €188,246 | -€47,277 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €163,667 | €128,667 | -€35,000 | -21.4% |
| Trade debts | 44 | €52,297 | €33,178 | -€19,120 | -36.6% |
| Suppliers | 440/4 | €52,297 | €33,178 | -€19,120 | -36.6% |
| Taxes, remuneration and social security | 45 | €3,249 | €3,124 | -€124 | -3.8% |
| Taxes | 450/3 | €3,249 | €3,124 | -€124 | -3.8% |
| Other amounts payable | 47/48 | €16,311 | €23,277 | +€6,967 | +42.7% |
| Accrued charges and deferred income | 492/3 | €30,437 | €16,832 | -€13,605 | -44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,261 | €34,722 | -€8,540 | -19.7% |
| Other operating charges | 640/8 | €4,040 | €4,123 | +€83 | +2.1% |
| Gross operating margin | 9900 | €93,474 | €63,676 | -€29,798 | -31.9% |
| Operating profit (loss) | 9901 | €46,173 | €24,831 | -€21,342 | -46.2% |
| Financial income | 75/76B | €2,362 | €2,362 | = | 0.0% |
| Recurring financial income | 75 | €2,362 | €2,362 | = | 0.0% |
| Financial charges | 65/66B | €13,296 | €12,280 | -€1,015 | -7.6% |
| Recurring financial charges | 65 | €13,296 | €12,280 | -€1,015 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €35,239 | €14,913 | -€20,326 | -57.7% |
| Transfer from deferred taxes | 780 | €124 | €124 | = | 0.0% |
| Income taxes | 67/77 | €124 | €791 | +€667 | +536% |
| Profit (loss) for the period | 9904 | €35,239 | €14,246 | -€20,993 | -59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,239 | €14,246 | -€20,993 | -59.6% |
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 14 October 2026 via checked.be.