ROPAVA: 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.
ROPAVA
Largest movements
- Tangible fixed assets +€13,358
up €13,358 (+2.7%), from €500,004 to €513,361
of which Land and buildings: +€13,358
- Stocks and contracts -€9,000
no longer reported in 2025 (was €9,000)
- Cash -€8,146
down €8,146 (-81.9%), from €9,946 to €1,800
mainly Investment in fixed assets (net) (-€13,358) and Trade debts (-€5,124)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€10,123
up €10,123, from -€6,214 to €3,908
- Financial charges +€500
up €500 (+28.7%), from €1,743 to €2,243
- Other operating charges +€141
up €141 (+8.9%), from €1,576 to €1,717
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 | €526,776 | €524,936 | -€1,840 | -0.3% |
| Fixed assets | 21/28 | €500,004 | €513,361 | +€13,358 | +2.7% |
| Tangible fixed assets | 22/27 | €500,004 | €513,361 | +€13,358 | +2.7% |
| Land and buildings | 22 | €494,014 | €507,371 | +€13,358 | +2.7% |
| Plant, machinery and equipment | 23 | €5,990 | €5,990 | = | 0.0% |
| Current assets | 29/58 | €26,773 | €11,575 | -€15,198 | -56.8% |
| Stocks and contracts in progress | 3 | €9,000 | - | -€9,000 | |
| Stocks | 30/36 | €9,000 | - | -€9,000 | |
| Amounts receivable within one year | 40/41 | €7,568 | €9,511 | +€1,943 | +25.7% |
| Trade receivables | 40 | €7,248 | €1,178 | -€6,070 | -83.7% |
| Other amounts receivable | 41 | €320 | €8,333 | +€8,013 | +2,504% |
| Cash at bank and in hand | 54/58 | €9,946 | €1,800 | -€8,146 | -81.9% |
| Deferred charges and accrued income | 490/1 | €258 | €264 | +€6 | +2.2% |
| Total equity and liabilities | 10/49 | €526,776 | €524,936 | -€1,840 | -0.3% |
| Equity | 10/15 | €425,507 | €425,468 | -€39 | 0.0% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,493 | -€24,532 | -€39 | -0.2% |
| Amounts payable | 17/49 | €101,269 | €99,468 | -€1,801 | -1.8% |
| Amounts payable after more than one year | 17 | €88,500 | €88,500 | = | 0.0% |
| Other amounts payable | 178/9 | €88,500 | €88,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,057 | €6,163 | -€4,894 | -44.3% |
| Trade debts | 44 | €6,054 | €930 | -€5,124 | -84.6% |
| Suppliers | 440/4 | €6,054 | €930 | -€5,124 | -84.6% |
| Other amounts payable | 47/48 | €5,003 | €5,232 | +€230 | +4.6% |
| Accrued charges and deferred income | 492/3 | €1,713 | €4,805 | +€3,093 | +181% |
| Other operating charges | 640/8 | €1,576 | €1,717 | +€141 | +8.9% |
| Gross operating margin | 9900 | -€6,214 | €3,908 | +€10,123 | |
| Operating profit (loss) | 9901 | -€7,790 | €2,191 | +€9,982 | |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €1,743 | €2,243 | +€500 | +28.7% |
| Recurring financial charges | 65 | €1,743 | €2,243 | +€500 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,533 | -€39 | +€9,494 | +99.6% |
| Profit (loss) for the period | 9904 | -€9,533 | -€39 | +€9,494 | +99.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,533 | -€39 | +€9,494 | +99.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.