ROVAM: 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.
ROVAM
Largest movements
- Tangible fixed assets +€6,698
up €6,698 (+12.7%), from €52,624 to €59,323
of which Furniture and vehicles: +€10,572
- Stocks and contracts +€3,275
new in 2025: €3,275
- Receivables within one year +€2,522
up €2,522 (+362%), from €697 to €3,219
of which Other amounts receivable: +€2,246
- Cash -€1,607
down €1,607 (-48.1%), from €3,344 to €1,737
mainly Investment in fixed assets (net) (-€13,384) and Stocks and contracts (-€3,275)
- Deferred charges and accrued income +€695
up €695 (+105%), from €660 to €1,355
- Other debts +€12,918
up €12,918 (+45.4%), from €28,463 to €41,381
- Profit (loss) carried forward -€1,691
down €1,691 (-2.5%), from -€66,339 to -€68,030
- Gross operating margin -€6,085
down €6,085 (-42.6%), from €14,301 to €8,216
- Other operating charges +€1,014
up €1,014 (+47.7%), from €2,127 to €3,141
- Depreciation +€806
up €806 (+13.7%), from €5,880 to €6,686
- Financial charges -€581
down €581 (-87.1%), from €667 to €86
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 | €57,575 | €69,159 | +€11,584 | +20.1% |
| Fixed assets | 21/28 | €52,874 | €59,573 | +€6,698 | +12.7% |
| Tangible fixed assets | 22/27 | €52,624 | €59,323 | +€6,698 | +12.7% |
| Land and buildings | 22 | €15,416 | €12,302 | -€3,115 | -20.2% |
| Plant, machinery and equipment | 23 | €36,989 | €36,230 | -€759 | -2.1% |
| Furniture and vehicles | 24 | €220 | €10,791 | +€10,572 | +4,816% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €4,700 | €9,586 | +€4,886 | +104% |
| Stocks and contracts in progress | 3 | - | €3,275 | +€3,275 | |
| Stocks | 30/36 | - | €3,275 | +€3,275 | |
| Amounts receivable within one year | 40/41 | €697 | €3,219 | +€2,522 | +362% |
| Trade receivables | 40 | €121 | €398 | +€276 | +228% |
| Other amounts receivable | 41 | €576 | €2,822 | +€2,246 | +390% |
| Cash at bank and in hand | 54/58 | €3,344 | €1,737 | -€1,607 | -48.1% |
| Deferred charges and accrued income | 490/1 | €660 | €1,355 | +€695 | +105% |
| Total equity and liabilities | 10/49 | €57,575 | €69,159 | +€11,584 | +20.1% |
| Equity | 10/15 | -€45,888 | -€47,578 | -€1,691 | -3.7% |
| Contributions | 10/11 | €18,593 | €18,593 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,339 | -€68,030 | -€1,691 | -2.5% |
| Amounts payable | 17/49 | €103,463 | €116,737 | +€13,275 | +12.8% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,463 | €41,737 | +€13,275 | +46.6% |
| Trade debts | 44 | - | €356 | +€356 | |
| Suppliers | 440/4 | - | €356 | +€356 | |
| Other amounts payable | 47/48 | €28,463 | €41,381 | +€12,918 | +45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,880 | €6,686 | +€806 | +13.7% |
| Other operating charges | 640/8 | €2,127 | €3,141 | +€1,014 | +47.7% |
| Gross operating margin | 9900 | €14,301 | €8,216 | -€6,085 | -42.6% |
| Operating profit (loss) | 9901 | €6,294 | -€1,611 | -€7,905 | |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Non-recurring financial income | 76B | - | €6 | +€6 | |
| Financial charges | 65/66B | €667 | €86 | -€581 | -87.1% |
| Recurring financial charges | 65 | €667 | €86 | -€581 | -87.1% |
| Profit (loss) for the period before taxes | 9903 | €5,627 | -€1,691 | -€7,318 | |
| Profit (loss) for the period | 9904 | €5,627 | -€1,691 | -€7,318 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,627 | -€1,691 | -€7,318 |
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 18 October 2026 via checked.be.