ROVA: 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.
ROVA
Largest movements
- Current investments -€550,000
down €550,000 (-100%), from €550,000 to €0
- Cash +€175,252
up €175,252 (+1,060%), from €16,539 to €191,792
mainly Current investments (+€550,000) and Receivables within one year (+€21,481)
- Receivables within one year -€21,481
down €21,481 (-86.6%), from €24,796 to €3,315
of which Other amounts receivable: -€20,381
- Other debts -€399,840
down €399,840 (-100%), from €399,840 to €0
- Gross operating margin -€740,340
down €740,340, from €720,011 to -€20,328
- Taxes -€184,391
down €184,391, from €181,768 to -€2,623
- Provisions -€102,405
down €102,405 (-96.9%), from €105,640 to €3,235
- Other operating charges -€34,183
down €34,183 (-99.7%), from €34,303 to €120
- Write-downs -€30,468
down €30,468, from €15,234 to -€15,234
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 | €596,928 | €195,107 | -€401,822 | -67.3% |
| Fixed assets | 21/28 | €553 | €0 | -€553 | -100% |
| Tangible fixed assets | 22/27 | €553 | €0 | -€553 | -100% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €553 | €0 | -€553 | -100% |
| Current assets | 29/58 | €596,376 | €195,107 | -€401,269 | -67.3% |
| Amounts receivable within one year | 40/41 | €24,796 | €3,315 | -€21,481 | -86.6% |
| Trade receivables | 40 | €1,100 | €0 | -€1,100 | -100% |
| Other amounts receivable | 41 | €23,696 | €3,315 | -€20,381 | -86.0% |
| Current investments | 50/53 | €550,000 | €0 | -€550,000 | -100% |
| Cash at bank and in hand | 54/58 | €16,539 | €191,792 | +€175,252 | +1,060% |
| Deferred charges and accrued income | 490/1 | €5,040 | €0 | -€5,040 | -100% |
| Total equity and liabilities | 10/49 | €596,928 | €195,107 | -€401,822 | -67.3% |
| Equity | 10/15 | €79,187 | €76,445 | -€2,742 | -3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,260 | €60,260 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €58,400 | €58,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €327 | -€2,415 | -€2,742 | |
| Provisions and deferred taxes | 16 | €105,640 | €108,875 | +€3,235 | +3.1% |
| Provisions for liabilities and charges | 160/5 | - | €108,875 | +€108,875 | |
| Other liabilities and charges | 164/5 | - | €108,875 | +€108,875 | |
| Deferred taxes | 168 | €105,640 | €0 | -€105,640 | -100% |
| Amounts payable | 17/49 | €412,101 | €9,786 | -€402,315 | -97.6% |
| Amounts payable within one year | 42/48 | €412,101 | €9,786 | -€402,315 | -97.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,956 | €5,263 | +€308 | +6.2% |
| Suppliers | 440/4 | €4,956 | €5,263 | +€308 | +6.2% |
| Taxes, remuneration and social security | 45 | €7,306 | €4,523 | -€2,783 | -38.1% |
| Taxes | 450/3 | €7,306 | €4,523 | -€2,783 | -38.1% |
| Other amounts payable | 47/48 | €399,840 | €0 | -€399,840 | -100% |
| Non-recurring operating income | 76A | €730,123 | €7 | -€730,115 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €311 | €0 | -€311 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,234 | -€15,234 | -€30,468 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €105,640 | €3,235 | -€102,405 | -96.9% |
| Other operating charges | 640/8 | €34,303 | €120 | -€34,183 | -99.7% |
| Gross operating margin | 9900 | €720,011 | -€20,328 | -€740,340 | |
| Operating profit (loss) | 9901 | €564,523 | -€8,449 | -€572,972 | |
| Financial income | 75/76B | €16,427 | €3,797 | -€12,631 | -76.9% |
| Recurring financial income | 75 | €16,427 | €3,797 | -€12,631 | -76.9% |
| Financial charges | 65/66B | €3,092 | €712 | -€2,380 | -77.0% |
| Recurring financial charges | 65 | €3,092 | €712 | -€2,380 | -77.0% |
| Profit (loss) for the period before taxes | 9903 | €577,859 | -€5,364 | -€583,223 | |
| Transfer from deferred taxes | 780 | €335 | €0 | -€335 | -100% |
| Income taxes | 67/77 | €181,768 | -€2,623 | -€184,391 | |
| Profit (loss) for the period | 9904 | €396,426 | -€2,742 | -€399,167 | |
| Transfer from tax-exempt reserves | 789 | €714 | €0 | -€714 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €397,140 | -€2,742 | -€399,881 |
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 18 October 2026 via checked.be.