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
- Cash +€430,499
up €430,499 (+3002.4%), from €14,338 to €444,837
mainly Debts after one year (+€455,324) and Net result for the year (+€184,687)
- Deferred charges and accrued income +€303,237
up €303,237 (+234.4%), from €129,380 to €432,617
- Tangible fixed assets -€55,037
down €55,037 (-11.6%), from €475,547 to €420,510
of which Land and buildings: -€55,037
- Receivables within one year +€28,543
up €28,543 (+23.6%), from €121,134 to €149,677
of which Other amounts receivable: +€18,853
- Debts after one year +€455,324
up €455,324 (+379.4%), from €120,000 to €575,324
- Profit (loss) carried forward +€184,687
up €184,687 (+55.2%), from -€334,480 to -€149,793
- Current portion of long-term debt +€63,907
up €63,907 (+44.4%), from €144,000 to €207,907
- Revaluation surpluses -€42,406
down €42,406 (-10.7%), from €397,128 to €354,721
- Reserves +€42,406
up €42,406 (+13.8%), from €307,461 to €349,867
of which Distributable reserves: +€42,406
- Gross operating margin +€56,582
up €56,582 (+21.2%), from €267,286 to €323,867
- Taxes +€30,700
new in 2025: €30,700
- Financial charges +€13,525
up €13,525 (+180.5%), from €7,494 to €21,019
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €745,424 | €1,447,791 | +€702,367 | +94.2% |
| Fixed assets | 21/28 | €480,572 | €420,660 | -€59,912 | -12.5% |
| Tangible fixed assets | 22/27 | €475,547 | €420,510 | -€55,037 | -11.6% |
| Land and buildings | 22 | €475,547 | €420,510 | -€55,037 | -11.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €5,025 | €150 | -€4,875 | -97.0% |
| Current assets | 29/58 | €264,852 | €1,027,131 | +€762,279 | +287.8% |
| Amounts receivable within one year | 40/41 | €121,134 | €149,677 | +€28,543 | +23.6% |
| Trade receivables | 40 | €0 | €9,690 | +€9,690 | |
| Other amounts receivable | 41 | €121,134 | €139,987 | +€18,853 | +15.6% |
| Cash at bank and in hand | 54/58 | €14,338 | €444,837 | +€430,499 | +3002.4% |
| Deferred charges and accrued income | 490/1 | €129,380 | €432,617 | +€303,237 | +234.4% |
| Total equity and liabilities | 10/49 | €745,424 | €1,447,791 | +€702,367 | +94.2% |
| Equity | 10/15 | €445,109 | €629,796 | +€184,687 | +41.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Revaluation surpluses | 12 | €397,128 | €354,721 | -€42,406 | -10.7% |
| Reserves | 13 | €307,461 | €349,867 | +€42,406 | +13.8% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €281,211 | €323,617 | +€42,406 | +15.1% |
| Profit (loss) carried forward | 14 | -€334,480 | -€149,793 | +€184,687 | +55.2% |
| Amounts payable | 17/49 | €300,316 | €817,995 | +€517,679 | +172.4% |
| Amounts payable after more than one year | 17 | €120,000 | €575,324 | +€455,324 | +379.4% |
| Financial debts | 170/4 | €120,000 | €575,324 | +€455,324 | +379.4% |
| Amounts payable within one year | 42/48 | €180,316 | €242,671 | +€62,356 | +34.6% |
| Current portion of amounts payable after more than one year | 42 | €144,000 | €207,907 | +€63,907 | +44.4% |
| Trade debts | 44 | €32,730 | €1,069 | -€31,661 | -96.7% |
| Suppliers | 440/4 | €32,730 | €1,069 | -€31,661 | -96.7% |
| Taxes, remuneration and social security | 45 | €86 | €33,695 | +€33,610 | +39277.2% |
| Taxes | 450/3 | €86 | €33,695 | +€33,610 | +39277.2% |
| Other amounts payable | 47/48 | €3,500 | €0 | -€3,500 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,808 | €0 | -€2,808 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,255 | €55,037 | -€2,219 | -3.9% |
| Other operating charges | 640/8 | €32,138 | €32,424 | +€287 | +0.9% |
| Gross operating margin | 9900 | €267,286 | €323,867 | +€56,582 | +21.2% |
| Operating profit (loss) | 9901 | €175,084 | €236,406 | +€61,322 | +35.0% |
| Financial income | 75/76B | €2,468 | €0 | -€2,468 | -100.0% |
| Recurring financial income | 75 | €2,468 | €0 | -€2,468 | -100.0% |
| Financial charges | 65/66B | €7,494 | €21,019 | +€13,525 | +180.5% |
| Recurring financial charges | 65 | €7,494 | €21,019 | +€13,525 | +180.5% |
| Profit (loss) for the period before taxes | 9903 | €170,059 | €215,387 | +€45,329 | +26.7% |
| Income taxes | 67/77 | - | €30,700 | +€30,700 | |
| Profit (loss) for the period | 9904 | €170,059 | €184,687 | +€14,629 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €170,059 | €184,687 | +€14,629 | +8.6% |
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 9 October 2026 via checked.be.