ROVA HEATING: 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 HEATING
Largest movements
- Current investments -€476,339
down €476,339 (-27.8%), from €1.7m to €1.2m
- Financial fixed assets +€350,662
new in 2025: €350,662
- Cash +€35,766
up €35,766 (+55.7%), from €64,209 to €99,975
mainly Current investments (+€476,339) and Net result for the year (+€59,879)
- Provisions -€188,000
down €188,000 (-100.0%), from €188,000 to €0
- Reserves +€59,880
up €59,880 (+3.9%), from €1.5m to €1.6m
of which Distributable reserves: +€59,880
- Tax, wage and social debts +€30,125
new in 2025: €30,125
of which Taxes: +€18,125
- Gross operating margin +€28,801
up €28,801 (+165.0%), from €17,454 to €46,255
- Taxes +€20,591
up €20,591 (+241.8%), from €8,517 to €29,108
- Financial income +€13,907
up €13,907 (+43.6%), from €31,911 to €45,818
- Financial charges -€12,543
down €12,543 (-99.0%), from €12,668 to €125
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 | €1,805,204 | €1,702,608 | -€102,597 | -5.7% |
| Fixed assets | 21/28 | €1,184 | €355,686 | +€354,502 | +29936.8% |
| Tangible fixed assets | 22/27 | €1,184 | €5,024 | +€3,840 | +324.3% |
| Furniture and vehicles | 24 | €1,184 | €5,024 | +€3,840 | +324.3% |
| Financial fixed assets | 28 | - | €350,662 | +€350,662 | |
| Current assets | 29/58 | €1,804,020 | €1,346,921 | -€457,099 | -25.3% |
| Amounts receivable within one year | 40/41 | €23,551 | €7,026 | -€16,525 | -70.2% |
| Trade receivables | 40 | €4,488 | €3,060 | -€1,428 | -31.8% |
| Other amounts receivable | 41 | €19,063 | €3,966 | -€15,097 | -79.2% |
| Current investments | 50/53 | €1,716,260 | €1,239,920 | -€476,339 | -27.8% |
| Cash at bank and in hand | 54/58 | €64,209 | €99,975 | +€35,766 | +55.7% |
| Total equity and liabilities | 10/49 | €1,805,204 | €1,702,608 | -€102,597 | -5.7% |
| Equity | 10/15 | €1,603,751 | €1,663,630 | +€59,879 | +3.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,540,876 | €1,600,756 | +€59,880 | +3.9% |
| Non-distributable reserves | 130/1 | €28,697 | €28,697 | = | 0.0% |
| Legal reserve | 130 | €28,697 | €28,697 | = | 0.0% |
| Distributable reserves | 133 | €1,512,179 | €1,572,059 | +€59,880 | +4.0% |
| Profit (loss) carried forward | 14 | €875 | €873 | -€1 | -0.2% |
| Provisions and deferred taxes | 16 | €188,000 | €0 | -€188,000 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €188,000 | €0 | -€188,000 | -100.0% |
| Taxes | 161 | €188,000 | €0 | -€188,000 | -100.0% |
| Amounts payable | 17/49 | €13,453 | €38,978 | +€25,525 | +189.7% |
| Amounts payable within one year | 42/48 | €13,453 | €38,978 | +€25,525 | +189.7% |
| Trade debts | 44 | €778 | €169 | -€608 | -78.2% |
| Suppliers | 440/4 | €778 | €169 | -€608 | -78.2% |
| Taxes, remuneration and social security | 45 | - | €30,125 | +€30,125 | |
| Taxes | 450/3 | - | €18,125 | +€18,125 | |
| Remuneration and social security | 454/9 | - | €12,000 | +€12,000 | |
| Other amounts payable | 47/48 | €12,676 | €8,684 | -€3,992 | -31.5% |
| Remuneration, social security and pensions | 62 | €876 | €560 | -€316 | -36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €966 | €656 | -€310 | -32.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,872 | €1,746 | -€127 | -6.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €17,454 | €46,255 | +€28,801 | +165.0% |
| Operating profit (loss) | 9901 | €13,739 | €43,293 | +€29,554 | +215.1% |
| Financial income | 75/76B | €31,911 | €45,818 | +€13,907 | +43.6% |
| Recurring financial income | 75 | €31,911 | €45,818 | +€13,907 | +43.6% |
| Financial charges | 65/66B | €12,668 | €125 | -€12,543 | -99.0% |
| Recurring financial charges | 65 | €12,668 | €125 | -€12,543 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | €32,982 | €88,986 | +€56,004 | +169.8% |
| Income taxes | 67/77 | €8,517 | €29,108 | +€20,591 | +241.8% |
| Profit (loss) for the period | 9904 | €24,465 | €59,879 | +€35,413 | +144.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,465 | €59,879 | +€35,413 | +144.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.