The Rosefield Project: 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.
The Rosefield Project
Largest movements
- Tangible fixed assets -€6,094
down €6,094 (-16.4%), from €37,186 to €31,092
of which Other tangible fixed assets: -€4,867
- Cash -€2,475
down €2,475 (-84.7%), from €2,923 to €448
mainly Other debts (-€10,188) and Net result for the year (-€5,550)
- Receivables within one year -€1,038
no longer reported in 2024 (was €1,038)
- Stocks and contracts -€787
down €787 (-10.6%), from €7,419 to €6,632
- Other debts -€10,188
down €10,188 (-12.8%), from €79,548 to €69,361
- Profit (loss) carried forward -€5,550
down €5,550 (-4.9%), from -€112,294 to -€117,844
- Trade debts +€2,835
up €2,835 (+9.2%), from €30,812 to €33,647
- Tax, wage and social debts +€2,415
up €2,415 (+29.2%), from €8,273 to €10,688
of which Taxes: +€1,915
- Gross operating margin +€7,851
up €7,851, from -€3,493 to €4,358
- Depreciation -€1,678
down €1,678 (-19.8%), from €8,483 to €6,805
- Other operating charges -€1,232
down €1,232 (-29.0%), from €4,245 to €3,013
- Financial charges -€937
down €937 (-91.2%), from €1,027 to €90
- Taxes -€76
no longer reported in 2024 (was €76)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,939 | €39,451 | -€10,488 | -21.0% |
| Fixed assets | 21/28 | €38,466 | €32,372 | -€6,094 | -15.8% |
| Tangible fixed assets | 22/27 | €37,186 | €31,092 | -€6,094 | -16.4% |
| Land and buildings | 22 | €378 | €331 | -€47 | -12.4% |
| Plant, machinery and equipment | 23 | €3,110 | €2,626 | -€484 | -15.6% |
| Furniture and vehicles | 24 | €6,784 | €6,087 | -€696 | -10.3% |
| Other tangible fixed assets | 26 | €26,915 | €22,047 | -€4,867 | -18.1% |
| Financial fixed assets | 28 | €1,280 | €1,280 | = | 0.0% |
| Current assets | 29/58 | €11,474 | €7,079 | -€4,394 | -38.3% |
| Stocks and contracts in progress | 3 | €7,419 | €6,632 | -€787 | -10.6% |
| Stocks | 30/36 | €7,419 | €6,632 | -€787 | -10.6% |
| Amounts receivable within one year | 40/41 | €1,038 | - | -€1,038 | |
| Other amounts receivable | 41 | €1,038 | - | -€1,038 | |
| Cash at bank and in hand | 54/58 | €2,923 | €448 | -€2,475 | -84.7% |
| Deferred charges and accrued income | 490/1 | €93 | - | -€93 | |
| Total equity and liabilities | 10/49 | €49,939 | €39,451 | -€10,488 | -21.0% |
| Equity | 10/15 | -€93,694 | -€99,244 | -€5,550 | -5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,294 | -€117,844 | -€5,550 | -4.9% |
| Amounts payable | 17/49 | €143,633 | €138,695 | -€4,938 | -3.4% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €118,633 | €113,695 | -€4,938 | -4.2% |
| Trade debts | 44 | €30,812 | €33,647 | +€2,835 | +9.2% |
| Suppliers | 440/4 | €30,812 | €33,647 | +€2,835 | +9.2% |
| Taxes, remuneration and social security | 45 | €8,273 | €10,688 | +€2,415 | +29.2% |
| Taxes | 450/3 | €7,273 | €9,188 | +€1,915 | +26.3% |
| Remuneration and social security | 454/9 | €1,000 | €1,500 | +€500 | +50.0% |
| Other amounts payable | 47/48 | €79,548 | €69,361 | -€10,188 | -12.8% |
| Non-recurring operating income | 76A | €8,495 | - | -€8,495 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,483 | €6,805 | -€1,678 | -19.8% |
| Other operating charges | 640/8 | €4,245 | €3,013 | -€1,232 | -29.0% |
| Gross operating margin | 9900 | -€3,493 | €4,358 | +€7,851 | |
| Operating profit (loss) | 9901 | -€16,221 | -€5,460 | +€10,761 | +66.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,027 | €90 | -€937 | -91.2% |
| Recurring financial charges | 65 | €1,027 | €90 | -€937 | -91.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,248 | -€5,550 | +€11,698 | +67.8% |
| Income taxes | 67/77 | €76 | - | -€76 | |
| Profit (loss) for the period | 9904 | -€17,324 | -€5,550 | +€11,774 | +68.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,324 | -€5,550 | +€11,774 | +68.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.