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 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€63,608
2024 · -€117,552+€181,160
Equity
€1.3m
2024 · €1.3m+€63,608
Cash
€207,133
2024 · €232,929-€25,797
Balance sheet total
€7.7m
2024 · €8.0m-€275,464
Largest movements
Assets
- Tangible fixed assets -€233,334
down €233,334 (-3.0%), from €7.7m to €7.4m
of which Land and buildings: -€297,522
Equity and liabilities
- Debts after one year -€332,784
down €332,784 (-7.2%), from €4.6m to €4.3m
of which Financial debts: -€337,964
- Profit (loss) carried forward +€106,571
up €106,571 (+20.5%), from €518,988 to €625,558
Income statement
- Gross operating margin +€267,581
up €267,581 (+60.5%), from €442,306 to €709,887
- Financial charges +€91,249
up €91,249 (+49.2%), from €185,496 to €276,745
- Depreciation -€43,556
down €43,556 (-12.1%), from €361,100 to €317,544
- Other operating charges +€25,940
up €25,940 (+64.7%), from €40,114 to €66,054
- Financial income -€13,118
down €13,118 (-100.0%), from €13,118 to €0
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
-€117,552
Gross operating margin
+€267,581
Depreciation
+€43,556
Other operating charges
-€25,940
Financial income
-€13,118
Financial charges
-€91,249
Taxes
+€329
Result 2025
€63,608
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
+€380,960
Investment
-€84,209
Financing
-€322,547
Cash 2024
€232,929
From operations (derived)
+€380,960
Net result for the year
+€63,608
Depreciation
+€317,544
Receivables within one year
+€14,718
Deferred charges and accrued income
+€1,615
Provisions
-€14,321
Trade debts
+€18,365
Tax, wage and social debts
+€21,873
Other debts
-€34,059
Accrued charges and deferred income
-€8,383
Investment (derived)
-€84,209
Investment in fixed assets (net)
-€84,209
Financing
-€322,547
Debts after one year
-€332,784
Current portion of long-term debt
+€10,237
Cash 2025
€207,133
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,966,849 | €7,691,385 | -€275,464 | -3.5% |
| Fixed assets | 21/28 | €7,664,404 | €7,431,070 | -€233,334 | -3.0% |
| Tangible fixed assets | 22/27 | €7,664,404 | €7,431,070 | -€233,334 | -3.0% |
| Land and buildings | 22 | €7,475,716 | €7,178,194 | -€297,522 | -4.0% |
| Plant, machinery and equipment | 23 | €25,056 | €23,361 | -€1,695 | -6.8% |
| Furniture and vehicles | 24 | €3,195 | €77,360 | +€74,165 | +2321.2% |
| Leasing and similar rights | 25 | €158,160 | €149,773 | -€8,387 | -5.3% |
| Other tangible fixed assets | 26 | €2,277 | €2,381 | +€104 | +4.6% |
| Current assets | 29/58 | €302,445 | €260,316 | -€42,130 | -13.9% |
| Amounts receivable within one year | 40/41 | €61,732 | €47,014 | -€14,718 | -23.8% |
| Trade receivables | 40 | €45,900 | €34,182 | -€11,718 | -25.5% |
| Other amounts receivable | 41 | €15,832 | €12,832 | -€3,000 | -18.9% |
| Cash at bank and in hand | 54/58 | €232,929 | €207,133 | -€25,797 | -11.1% |
| Deferred charges and accrued income | 490/1 | €7,784 | €6,169 | -€1,615 | -20.7% |
| Total equity and liabilities | 10/49 | €7,966,849 | €7,691,385 | -€275,464 | -3.5% |
| Equity | 10/15 | €1,273,771 | €1,337,379 | +€63,608 | +5.0% |
| Contributions | 10/11 | €336,000 | €336,000 | = | 0.0% |
| Reserves | 13 | €418,784 | €375,821 | -€42,963 | -10.3% |
| Tax-exempt reserves | 132 | €369,884 | €326,921 | -€42,963 | -11.6% |
| Distributable reserves | 133 | €48,900 | €48,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €518,988 | €625,558 | +€106,571 | +20.5% |
| Provisions and deferred taxes | 16 | €123,295 | €108,974 | -€14,321 | -11.6% |
| Deferred taxes | 168 | €123,295 | €108,974 | -€14,321 | -11.6% |
| Amounts payable | 17/49 | €6,569,783 | €6,245,033 | -€324,751 | -4.9% |
| Amounts payable after more than one year | 17 | €4,635,738 | €4,302,954 | -€332,784 | -7.2% |
| Financial debts | 170/4 | €4,625,998 | €4,288,034 | -€337,964 | -7.3% |
| Other amounts payable | 178/9 | €9,740 | €14,920 | +€5,180 | +53.2% |
| Amounts payable within one year | 42/48 | €1,919,562 | €1,935,979 | +€16,416 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €327,727 | €337,964 | +€10,237 | +3.1% |
| Trade debts | 44 | €17,570 | €35,935 | +€18,365 | +104.5% |
| Suppliers | 440/4 | €17,570 | €35,935 | +€18,365 | +104.5% |
| Taxes, remuneration and social security | 45 | €22,275 | €44,148 | +€21,873 | +98.2% |
| Taxes | 450/3 | €22,275 | €44,148 | +€21,873 | +98.2% |
| Other amounts payable | 47/48 | €1,551,990 | €1,517,932 | -€34,059 | -2.2% |
| Accrued charges and deferred income | 492/3 | €14,483 | €6,100 | -€8,383 | -57.9% |
| Non-recurring operating income | 76A | - | €27,843 | +€27,843 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €361,100 | €317,544 | -€43,556 | -12.1% |
| Other operating charges | 640/8 | €40,114 | €66,054 | +€25,940 | +64.7% |
| Gross operating margin | 9900 | €442,306 | €709,887 | +€267,581 | +60.5% |
| Operating profit (loss) | 9901 | €41,092 | €326,289 | +€285,198 | +694.1% |
| Financial income | 75/76B | €13,118 | €0 | -€13,118 | -100.0% |
| Recurring financial income | 75 | €13,118 | €0 | -€13,118 | -100.0% |
| Financial charges | 65/66B | €185,496 | €276,745 | +€91,249 | +49.2% |
| Recurring financial charges | 65 | €185,496 | €276,745 | +€91,249 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | -€131,286 | €49,544 | +€180,831 | |
| Transfer from deferred taxes | 780 | €14,321 | €14,321 | = | 0.0% |
| Income taxes | 67/77 | €587 | €258 | -€329 | -56.1% |
| Profit (loss) for the period | 9904 | -€117,552 | €63,608 | +€181,160 | |
| Transfer from tax-exempt reserves | 789 | €42,963 | €42,963 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€74,590 | €106,571 | +€181,160 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.