ROVADU: 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.
ROVADU
Largest movements
- Cash +€23,090
up €23,090 (+230%), from €10,041 to €33,131
mainly Net result for the year (+€10,503) and Receivables within one year (+€7,932)
- Receivables within one year -€7,932
down €7,932 (-20.2%), from €39,241 to €31,309
of which Other amounts receivable: -€8,043
- Tangible fixed assets -€7,741
down €7,741 (-4.1%), from €190,132 to €182,391
of which Land and buildings: -€7,741
- Contributions +€11,464
up €11,464 (+18.5%), from €62,000 to €73,464
- Reserves -€11,464
down €11,464 (-12.6%), from €90,955 to €79,491
of which Non-distributable reserves: -€11,464
- Profit (loss) carried forward +€10,503
up €10,503, from €0 to €10,503
- Short-term financial debts -€2,706
down €2,706 (-100%), from €2,706 to €0
- Gross operating margin -€1,359
down €1,359 (-3.8%), from €36,122 to €34,763
- Other operating charges +€1,058
up €1,058 (+9.0%), from €11,713 to €12,771
- Taxes -€518
down €518 (-12.9%), from €4,019 to €3,501
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.
Derived cash bridge
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 | €240,705 | €248,349 | +€7,644 | +3.2% |
| Fixed assets | 21/28 | €190,132 | €182,391 | -€7,741 | -4.1% |
| Tangible fixed assets | 22/27 | €190,132 | €182,391 | -€7,741 | -4.1% |
| Land and buildings | 22 | €190,132 | €182,391 | -€7,741 | -4.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €50,573 | €65,958 | +€15,385 | +30.4% |
| Amounts receivable within one year | 40/41 | €39,241 | €31,309 | -€7,932 | -20.2% |
| Trade receivables | 40 | €5,699 | €5,810 | +€110 | +1.9% |
| Other amounts receivable | 41 | €33,541 | €25,499 | -€8,043 | -24.0% |
| Current investments | 50/53 | €51 | €51 | +€0 | +0.6% |
| Cash at bank and in hand | 54/58 | €10,041 | €33,131 | +€23,090 | +230% |
| Deferred charges and accrued income | 490/1 | €1,240 | €1,467 | +€227 | +18.3% |
| Total equity and liabilities | 10/49 | €240,705 | €248,349 | +€7,644 | +3.2% |
| Equity | 10/15 | €152,955 | €163,458 | +€10,503 | +6.9% |
| Contributions | 10/11 | €62,000 | €73,464 | +€11,464 | +18.5% |
| Reserves | 13 | €90,955 | €79,491 | -€11,464 | -12.6% |
| Non-distributable reserves | 130/1 | €11,464 | €0 | -€11,464 | -100% |
| Reserves not available under the articles | 1311 | €11,464 | €0 | -€11,464 | -100% |
| Distributable reserves | 133 | €79,491 | €79,491 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €10,503 | +€10,503 | |
| Amounts payable | 17/49 | €87,750 | €84,891 | -€2,859 | -3.3% |
| Amounts payable within one year | 42/48 | €87,750 | €84,891 | -€2,859 | -3.3% |
| Financial debts | 43 | €2,706 | €0 | -€2,706 | -100% |
| Credit institutions | 430/8 | €2,706 | €0 | -€2,706 | -100% |
| Trade debts | 44 | €209 | €0 | -€209 | -100% |
| Suppliers | 440/4 | €209 | €0 | -€209 | -100% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,971 | €2,027 | +€56 | +2.8% |
| Taxes | 450/3 | €1,971 | €2,027 | +€56 | +2.8% |
| Other amounts payable | 47/48 | €82,864 | €82,864 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,898 | €7,741 | -€157 | -2.0% |
| Other operating charges | 640/8 | €11,713 | €12,771 | +€1,058 | +9.0% |
| Gross operating margin | 9900 | €36,122 | €34,763 | -€1,359 | -3.8% |
| Operating profit (loss) | 9901 | €16,511 | €14,250 | -€2,260 | -13.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -12.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -12.8% |
| Financial charges | 65/66B | €434 | €246 | -€188 | -43.3% |
| Recurring financial charges | 65 | €434 | €246 | -€188 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €16,077 | €14,005 | -€2,072 | -12.9% |
| Income taxes | 67/77 | €4,019 | €3,501 | -€518 | -12.9% |
| Profit (loss) for the period | 9904 | €12,058 | €10,503 | -€1,554 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,058 | €10,503 | -€1,554 | -12.9% |
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 16 October 2026 via checked.be.