ROVADENT: 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.
ROVADENT
Largest movements
- Tangible fixed assets -€31,969
down €31,969 (-11.3%), from €283,196 to €251,228
of which Land and buildings: -€16,493
- Current investments +€5,851
up €5,851 (+13.3%), from €44,149 to €50,000
- Cash +€5,334
up €5,334 (+4.0%), from €132,298 to €137,632
mainly Net result for the year (+€110,292) and Depreciation (+€31,969)
- Debts after one year -€24,634
down €24,634 (-100.0%), from €24,634 to €0
- Tax, wage and social debts +€15,641
up €15,641 (+145.9%), from €10,724 to €26,365
of which Taxes: +€10,592
- Current portion of long-term debt -€12,522
down €12,522 (-31.1%), from €40,300 to €27,777
- Reserves +€6,104
up €6,104 (+1.6%), from €370,160 to €376,264
of which Distributable reserves: +€6,104
- Gross operating margin +€22,275
up €22,275 (+10.1%), from €220,522 to €242,797
- Staff costs +€6,771
up €6,771 (+15.0%), from €45,059 to €51,830
- Taxes +€5,542
up €5,542 (+13.6%), from €40,814 to €46,356
- Depreciation -€3,448
down €3,448 (-9.7%), from €35,417 to €31,969
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 | €475,537 | €458,268 | -€17,270 | -3.6% |
| Fixed assets | 21/28 | €283,196 | €251,228 | -€31,969 | -11.3% |
| Tangible fixed assets | 22/27 | €283,196 | €251,228 | -€31,969 | -11.3% |
| Land and buildings | 22 | €257,409 | €240,916 | -€16,493 | -6.4% |
| Plant, machinery and equipment | 23 | €25,541 | €10,312 | -€15,229 | -59.6% |
| Furniture and vehicles | 24 | €247 | €0 | -€247 | -100.0% |
| Current assets | 29/58 | €192,341 | €207,040 | +€14,699 | +7.6% |
| Stocks and contracts in progress | 3 | €9,415 | €11,305 | +€1,890 | +20.1% |
| Stocks | 30/36 | €9,415 | €11,305 | +€1,890 | +20.1% |
| Amounts receivable within one year | 40/41 | €3,621 | €3,818 | +€197 | +5.4% |
| Trade receivables | 40 | €3,377 | €3,818 | +€441 | +13.1% |
| Other amounts receivable | 41 | €244 | €0 | -€244 | -100.0% |
| Current investments | 50/53 | €44,149 | €50,000 | +€5,851 | +13.3% |
| Cash at bank and in hand | 54/58 | €132,298 | €137,632 | +€5,334 | +4.0% |
| Deferred charges and accrued income | 490/1 | €2,859 | €4,285 | +€1,427 | +49.9% |
| Total equity and liabilities | 10/49 | €475,537 | €458,268 | -€17,270 | -3.6% |
| Equity | 10/15 | €376,360 | €382,464 | +€6,104 | +1.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €370,160 | €376,264 | +€6,104 | +1.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €370,160 | €376,264 | +€6,104 | +1.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €99,177 | €75,804 | -€23,374 | -23.6% |
| Amounts payable after more than one year | 17 | €24,634 | €0 | -€24,634 | -100.0% |
| Financial debts | 170/4 | €24,634 | €0 | -€24,634 | -100.0% |
| Amounts payable within one year | 42/48 | €65,109 | €68,200 | +€3,092 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €40,300 | €27,777 | -€12,522 | -31.1% |
| Trade debts | 44 | €12,461 | €11,112 | -€1,350 | -10.8% |
| Suppliers | 440/4 | €12,461 | €11,112 | -€1,350 | -10.8% |
| Taxes, remuneration and social security | 45 | €10,724 | €26,365 | +€15,641 | +145.9% |
| Taxes | 450/3 | €3,335 | €13,926 | +€10,592 | +317.6% |
| Remuneration and social security | 454/9 | €7,390 | €12,439 | +€5,050 | +68.3% |
| Other amounts payable | 47/48 | €1,624 | €2,946 | +€1,322 | +81.4% |
| Accrued charges and deferred income | 492/3 | €9,435 | €7,603 | -€1,831 | -19.4% |
| Remuneration, social security and pensions | 62 | €45,059 | €51,830 | +€6,771 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,417 | €31,969 | -€3,448 | -9.7% |
| Other operating charges | 640/8 | €2,160 | €2,114 | -€46 | -2.1% |
| Gross operating margin | 9900 | €220,522 | €242,797 | +€22,275 | +10.1% |
| Operating profit (loss) | 9901 | €137,886 | €156,885 | +€18,998 | +13.8% |
| Financial income | 75/76B | €3,538 | €1,977 | -€1,561 | -44.1% |
| Recurring financial income | 75 | €3,538 | €1,977 | -€1,561 | -44.1% |
| Financial charges | 65/66B | €4,276 | €2,214 | -€2,062 | -48.2% |
| Recurring financial charges | 65 | €4,276 | €2,214 | -€2,062 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | €137,148 | €156,648 | +€19,500 | +14.2% |
| Income taxes | 67/77 | €40,814 | €46,356 | +€5,542 | +13.6% |
| Profit (loss) for the period | 9904 | €96,334 | €110,292 | +€13,958 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €96,334 | €110,292 | +€13,958 | +14.5% |
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 12 October 2026 via checked.be.