ROVA: 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.
What changed
ROVA
NACE 46.494, Wholesale of non-electrical household articles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€183,623
2024 · €493,237-€309,614
Equity
€4.0m
2024 · €3.9m+€183,623
Cash
€796,972
2024 · €462,591+€334,381
Balance sheet total
€4.7m
2024 · €4.4m+€333,782
Largest movements
Assets
- Receivables within one year +€413,903
up €413,903 (+39.3%), from €1.1m to €1.5m
of which Trade receivables: +€332,471
- Cash +€334,381
up €334,381 (+72.3%), from €462,591 to €796,972
mainly Depreciation (+€238,963) and Current investments (+€200,000)
- Current investments -€200,000
down €200,000 (-45.9%), from €435,808 to €235,808
- Tangible fixed assets -€174,338
down €174,338 (-15.5%), from €1.1m to €950,142
of which Furniture and vehicles: -€133,047
Equity and liabilities
- Reserves +€183,623
up €183,623 (+5.1%), from €3.6m to €3.8m
of which Distributable reserves: +€184,477
- Tax, wage and social debts +€149,047
up €149,047 (+180.6%), from €82,523 to €231,570
of which Taxes: +€78,325
- Trade debts +€90,320
up €90,320 (+33.5%), from €269,579 to €359,900
- Debts after one year -€72,357
no longer reported in 2025 (was €72,357)
Income statement
- Gross operating margin -€381,506
down €381,506 (-19.3%), from €2.0m to €1.6m
- Financial income +€165,626
up €165,626 (+403.3%), from €41,068 to €206,693
- Write-downs +€79,758
up €79,758, from -€78,287 to €1,471
- Taxes -€66,649
down €66,649 (-45.3%), from €147,034 to €80,385
- Financial charges +€45,391
up €45,391 (+70.6%), from €64,300 to €109,690
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.
Result 2024
€493,237
Gross operating margin
-€381,506
Staff costs
-€23,568
Depreciation
+€30,416
Write-downs
-€79,758
Provisions
-€28,777
Other operating charges
-€15,369
Other operating items
+€2,202
Financial income
+€165,626
Financial charges
-€45,391
Taxes
+€66,649
Deferred taxes and other
-€140
Result 2025
€183,623
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.
From operations
+€301,098
Investment
+€121,264
Financing
-€87,981
Cash 2024
€462,591
From operations (derived)
+€301,098
Net result for the year
+€183,623
Depreciation
+€238,963
Stocks and contracts
+€36,667
Receivables within one year
-€413,903
Deferred charges and accrued income
+€17,608
Provisions
-€440
Trade debts
+€90,320
Tax, wage and social debts
+€149,047
Other debts
-€2,164
Accrued charges and deferred income
+€1,376
Investment (derived)
+€121,264
Investment in fixed assets (net)
-€78,736
Current investments
+€200,000
Financing
-€87,981
Debts after one year
-€72,357
Current portion of long-term debt
-€14,444
Short-term financial debts
-€1,180
Cash 2025
€796,972
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,389,427 | €4,723,209 | +€333,782 | +7.6% |
| Fixed assets | 21/28 | €1,134,562 | €974,336 | -€160,226 | -14.1% |
| Intangible fixed assets | 21 | - | €22,810 | +€22,810 | |
| Tangible fixed assets | 22/27 | €1,124,479 | €950,142 | -€174,338 | -15.5% |
| Land and buildings | 22 | €620,560 | €557,492 | -€63,068 | -10.2% |
| Plant, machinery and equipment | 23 | €119,649 | €89,142 | -€30,507 | -25.5% |
| Furniture and vehicles | 24 | €384,271 | €251,224 | -€133,047 | -34.6% |
| Assets under construction and advance payments | 27 | - | €52,284 | +€52,284 | |
| Financial fixed assets | 28 | €10,083 | €1,384 | -€8,699 | -86.3% |
| Current assets | 29/58 | €3,254,865 | €3,748,873 | +€494,009 | +15.2% |
| Stocks and contracts in progress | 3 | €1,278,233 | €1,241,567 | -€36,667 | -2.9% |
| Stocks | 30/36 | €1,278,233 | €1,241,567 | -€36,667 | -2.9% |
| Amounts receivable within one year | 40/41 | €1,052,802 | €1,466,705 | +€413,903 | +39.3% |
| Trade receivables | 40 | €940,722 | €1,273,193 | +€332,471 | +35.3% |
| Other amounts receivable | 41 | €112,080 | €193,512 | +€81,431 | +72.7% |
| Current investments | 50/53 | €435,808 | €235,808 | -€200,000 | -45.9% |
| Cash at bank and in hand | 54/58 | €462,591 | €796,972 | +€334,381 | +72.3% |
| Deferred charges and accrued income | 490/1 | €25,430 | €7,822 | -€17,608 | -69.2% |
| Total equity and liabilities | 10/49 | €4,389,427 | €4,723,209 | +€333,782 | +7.6% |
| Equity | 10/15 | €3,851,834 | €4,035,458 | +€183,623 | +4.8% |
| Contributions | 10/11 | €280,000 | €280,000 | = | 0.0% |
| Capital | 10 | €280,000 | €280,000 | = | 0.0% |
| Issued capital | 100 | €280,000 | €280,000 | = | 0.0% |
| Reserves | 13 | €3,571,834 | €3,755,458 | +€183,623 | +5.1% |
| Non-distributable reserves | 130/1 | €34,701 | €34,701 | = | 0.0% |
| Legal reserve | 130 | €33,076 | €33,076 | = | 0.0% |
| Other | 1319 | €1,624 | €1,624 | = | 0.0% |
| Tax-exempt reserves | 132 | €103,137 | €102,283 | -€854 | -0.8% |
| Distributable reserves | 133 | €3,433,997 | €3,618,474 | +€184,477 | +5.4% |
| Provisions and deferred taxes | 16 | €1,776 | €1,336 | -€440 | -24.8% |
| Deferred taxes | 168 | €1,776 | €1,336 | -€440 | -24.8% |
| Amounts payable | 17/49 | €535,817 | €686,415 | +€150,598 | +28.1% |
| Amounts payable after more than one year | 17 | €72,357 | - | -€72,357 | |
| Financial debts | 170/4 | €72,357 | - | -€72,357 | |
| Amounts payable within one year | 42/48 | €442,201 | €663,780 | +€221,580 | +50.1% |
| Current portion of amounts payable after more than one year | 42 | €86,667 | €72,223 | -€14,444 | -16.7% |
| Financial debts | 43 | €1,180 | - | -€1,180 | |
| Other loans | 439 | €1,180 | - | -€1,180 | |
| Trade debts | 44 | €269,579 | €359,900 | +€90,320 | +33.5% |
| Suppliers | 440/4 | €269,579 | €359,900 | +€90,320 | +33.5% |
| Taxes, remuneration and social security | 45 | €82,523 | €231,570 | +€149,047 | +180.6% |
| Taxes | 450/3 | €6,277 | €84,601 | +€78,325 | +1247.9% |
| Remuneration and social security | 454/9 | €76,247 | €146,969 | +€70,723 | +92.8% |
| Other amounts payable | 47/48 | €2,251 | €87 | -€2,164 | -96.1% |
| Accrued charges and deferred income | 492/3 | €21,259 | €22,635 | +€1,376 | +6.5% |
| Non-recurring operating income | 76A | €8,630 | - | -€8,630 | |
| Remuneration, social security and pensions | 62 | €1,077,367 | €1,100,935 | +€23,568 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269,379 | €238,963 | -€30,416 | -11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€78,287 | €1,471 | +€79,758 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €28,777 | +€28,777 | |
| Other operating charges | 640/8 | €39,805 | €55,173 | +€15,369 | +38.6% |
| Non-recurring operating charges | 66A | €2,253 | €50 | -€2,202 | -97.8% |
| Gross operating margin | 9900 | €1,973,439 | €1,591,934 | -€381,506 | -19.3% |
| Operating profit (loss) | 9901 | €662,923 | €166,565 | -€496,358 | -74.9% |
| Financial income | 75/76B | €41,068 | €206,693 | +€165,626 | +403.3% |
| Recurring financial income | 75 | €41,068 | €206,693 | +€165,626 | +403.3% |
| Financial charges | 65/66B | €64,300 | €109,690 | +€45,391 | +70.6% |
| Recurring financial charges | 65 | €64,300 | €109,690 | +€45,391 | +70.6% |
| Profit (loss) for the period before taxes | 9903 | €639,691 | €263,568 | -€376,123 | -58.8% |
| Transfer from deferred taxes | 780 | €580 | €440 | -€140 | -24.2% |
| Income taxes | 67/77 | €147,034 | €80,385 | -€66,649 | -45.3% |
| Profit (loss) for the period | 9904 | €493,237 | €183,623 | -€309,614 | -62.8% |
| Transfer from tax-exempt reserves | 789 | €1,126 | €854 | -€273 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €494,364 | €184,477 | -€309,887 | -62.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.