ROVAM MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€34,110
up €34,110 (+42.2%), from €80,758 to €114,868
mainly Receivables within one year (+€28,512) and Depreciation (+€22,556)
- Receivables within one year -€28,512
down €28,512 (-27.0%), from €105,456 to €76,944
of which Other amounts receivable: -€29,444
- Receivables after one year -€18,960
down €18,960 (-66.7%), from €28,440 to €9,480
- Tangible fixed assets -€17,203
down €17,203 (-26.3%), from €65,508 to €48,305
of which Furniture and vehicles: -€19,526
- Other debts -€13,950
down €13,950 (-90.0%), from €15,504 to €1,553
- Debts after one year -€12,376
down €12,376 (-45.1%), from €27,437 to €15,060
- Reserves +€5,428
up €5,428 (+2.6%), from €206,574 to €212,001
- Tax, wage and social debts -€4,197
down €4,197 (-61.4%), from €6,830 to €2,633
- Current portion of long-term debt -€3,128
down €3,128 (-20.2%), from €15,505 to €12,376
- Gross operating margin -€7,447
down €7,447 (-18.5%), from €40,269 to €32,822
- Taxes -€2,976
down €2,976 (-41.2%), from €7,220 to €4,244
- Depreciation +€1,642
up €1,642 (+7.8%), from €20,915 to €22,556
- Financial income -€659
down €659 (-27.3%), from €2,410 to €1,751
- Financial charges -€610
down €610 (-22.3%), from €2,741 to €2,131
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 | €280,572 | €250,276 | -€30,296 | -10.8% |
| Fixed assets | 21/28 | €65,508 | €48,305 | -€17,203 | -26.3% |
| Tangible fixed assets | 22/27 | €65,508 | €48,305 | -€17,203 | -26.3% |
| Plant, machinery and equipment | 23 | €2,230 | €4,553 | +€2,323 | +104% |
| Furniture and vehicles | 24 | €63,278 | €43,752 | -€19,526 | -30.9% |
| Current assets | 29/58 | €215,064 | €201,972 | -€13,093 | -6.1% |
| Amounts receivable after more than one year | 29 | €28,440 | €9,480 | -€18,960 | -66.7% |
| Other amounts receivable | 291 | €28,440 | €9,480 | -€18,960 | -66.7% |
| Amounts receivable within one year | 40/41 | €105,456 | €76,944 | -€28,512 | -27.0% |
| Trade receivables | 40 | €4,796 | €5,728 | +€932 | +19.4% |
| Other amounts receivable | 41 | €100,660 | €71,216 | -€29,444 | -29.3% |
| Cash at bank and in hand | 54/58 | €80,758 | €114,868 | +€34,110 | +42.2% |
| Deferred charges and accrued income | 490/1 | €410 | €680 | +€269 | +65.6% |
| Total equity and liabilities | 10/49 | €280,572 | €250,276 | -€30,296 | -10.8% |
| Equity | 10/15 | €212,771 | €218,199 | +€5,428 | +2.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €206,574 | €212,001 | +€5,428 | +2.6% |
| Distributable reserves | 133 | €206,574 | €212,001 | +€5,428 | +2.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €67,801 | €32,078 | -€35,724 | -52.7% |
| Amounts payable after more than one year | 17 | €27,437 | €15,060 | -€12,376 | -45.1% |
| Financial debts | 170/4 | €27,437 | €15,060 | -€12,376 | -45.1% |
| Amounts payable within one year | 42/48 | €40,365 | €17,017 | -€23,347 | -57.8% |
| Current portion of amounts payable after more than one year | 42 | €15,505 | €12,376 | -€3,128 | -20.2% |
| Trade debts | 44 | €2,527 | €455 | -€2,072 | -82.0% |
| Suppliers | 440/4 | €2,527 | €455 | -€2,072 | -82.0% |
| Taxes, remuneration and social security | 45 | €6,830 | €2,633 | -€4,197 | -61.4% |
| Taxes | 450/3 | €6,830 | €2,633 | -€4,197 | -61.4% |
| Other amounts payable | 47/48 | €15,504 | €1,553 | -€13,950 | -90.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,915 | €22,556 | +€1,642 | +7.8% |
| Other operating charges | 640/8 | €126 | €213 | +€87 | +69.4% |
| Gross operating margin | 9900 | €40,269 | €32,822 | -€7,447 | -18.5% |
| Operating profit (loss) | 9901 | €19,228 | €10,052 | -€9,176 | -47.7% |
| Financial income | 75/76B | €2,410 | €1,751 | -€659 | -27.3% |
| Recurring financial income | 75 | €2,410 | €1,751 | -€659 | -27.3% |
| Financial charges | 65/66B | €2,741 | €2,131 | -€610 | -22.3% |
| Recurring financial charges | 65 | €2,741 | €2,131 | -€610 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €18,897 | €9,672 | -€9,225 | -48.8% |
| Income taxes | 67/77 | €7,220 | €4,244 | -€2,976 | -41.2% |
| Profit (loss) for the period | 9904 | €11,676 | €5,428 | -€6,249 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,676 | €5,428 | -€6,249 | -53.5% |
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 24 October 2026 via checked.be.