ROVALIS: 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.
ROVALIS
Largest movements
- Tangible fixed assets +€403,602
up €403,602 (+172.9%), from €233,390 to €636,991
of which Land and buildings: +€409,029
- Receivables within one year +€29,275
up €29,275 (+20.7%), from €141,311 to €170,586
of which Other amounts receivable: +€19,707
- Cash +€11,968
up €11,968 (+31.3%), from €38,207 to €50,175
mainly Debts after one year (+€373,906) and Net result for the year (+€84,524)
- Debts after one year +€373,906
up €373,906 (+186.3%), from €200,701 to €574,607
- Reserves +€84,524
up €84,524 (+54.8%), from €154,341 to €238,866
of which Distributable reserves: +€84,524
- Tax, wage and social debts -€16,712
down €16,712 (-69.6%), from €24,007 to €7,295
- Other debts -€13,000
no longer reported in 2025 (was €13,000)
- Other operating charges -€31,201
down €31,201 (-94.8%), from €32,906 to €1,704
- Gross operating margin +€21,425
up €21,425 (+15.6%), from €136,966 to €158,391
- Taxes -€20,510
down €20,510 (-46.6%), from €44,013 to €23,503
- Depreciation +€10,209
up €10,209 (+29.0%), from €35,208 to €45,418
- Financial charges +€7,672
up €7,672 (+321.3%), from €2,388 to €10,060
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 | €512,907 | €957,752 | +€444,844 | +86.7% |
| Fixed assets | 21/28 | €233,390 | €636,991 | +€403,602 | +172.9% |
| Tangible fixed assets | 22/27 | €233,390 | €636,991 | +€403,602 | +172.9% |
| Land and buildings | 22 | €201,343 | €610,372 | +€409,029 | +203.2% |
| Plant, machinery and equipment | 23 | €93 | €783 | +€689 | +737.8% |
| Furniture and vehicles | 24 | €31,953 | €25,837 | -€6,116 | -19.1% |
| Current assets | 29/58 | €279,518 | €320,761 | +€41,243 | +14.8% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €141,311 | €170,586 | +€29,275 | +20.7% |
| Trade receivables | 40 | €11,161 | €20,729 | +€9,568 | +85.7% |
| Other amounts receivable | 41 | €130,150 | €149,857 | +€19,707 | +15.1% |
| Cash at bank and in hand | 54/58 | €38,207 | €50,175 | +€11,968 | +31.3% |
| Total equity and liabilities | 10/49 | €512,907 | €957,752 | +€444,844 | +86.7% |
| Equity | 10/15 | €174,801 | €259,326 | +€84,524 | +48.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €154,341 | €238,866 | +€84,524 | +54.8% |
| Tax-exempt reserves | 132 | €6,050 | €6,050 | = | 0.0% |
| Distributable reserves | 133 | €148,291 | €232,816 | +€84,524 | +57.0% |
| Amounts payable | 17/49 | €338,106 | €698,426 | +€360,320 | +106.6% |
| Amounts payable after more than one year | 17 | €200,701 | €574,607 | +€373,906 | +186.3% |
| Financial debts | 170/4 | €200,701 | €574,607 | +€373,906 | +186.3% |
| Amounts payable within one year | 42/48 | €137,405 | €116,369 | -€21,036 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €80,837 | €81,991 | +€1,155 | +1.4% |
| Financial debts | 43 | €16,000 | €17,832 | +€1,832 | +11.4% |
| Credit institutions | 430/8 | €16,000 | €17,832 | +€1,832 | +11.4% |
| Trade debts | 44 | €3,561 | €4,551 | +€990 | +27.8% |
| Suppliers | 440/4 | €3,561 | €4,551 | +€990 | +27.8% |
| Advances received on contracts in progress | 46 | - | €4,700 | +€4,700 | |
| Taxes, remuneration and social security | 45 | €24,007 | €7,295 | -€16,712 | -69.6% |
| Taxes | 450/3 | €24,007 | €7,295 | -€16,712 | -69.6% |
| Other amounts payable | 47/48 | €13,000 | - | -€13,000 | |
| Accrued charges and deferred income | 492/3 | - | €7,450 | +€7,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,208 | €45,418 | +€10,209 | +29.0% |
| Other operating charges | 640/8 | €32,906 | €1,704 | -€31,201 | -94.8% |
| Gross operating margin | 9900 | €136,966 | €158,391 | +€21,425 | +15.6% |
| Operating profit (loss) | 9901 | €68,852 | €111,269 | +€42,417 | +61.6% |
| Financial income | 75/76B | €10,024 | €6,818 | -€3,206 | -32.0% |
| Recurring financial income | 75 | €10,024 | €6,818 | -€3,206 | -32.0% |
| Financial charges | 65/66B | €2,388 | €10,060 | +€7,672 | +321.3% |
| Recurring financial charges | 65 | €2,388 | €10,060 | +€7,672 | +321.3% |
| Profit (loss) for the period before taxes | 9903 | €76,489 | €108,027 | +€31,539 | +41.2% |
| Income taxes | 67/77 | €44,013 | €23,503 | -€20,510 | -46.6% |
| Profit (loss) for the period | 9904 | €32,476 | €84,524 | +€52,049 | +160.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,476 | €84,524 | +€52,049 | +160.3% |
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 1 October 2026 via checked.be.