ROVAN: 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.
ROVAN
Largest movements
- Cash +€87,097
up €87,097 (+30.1%), from €289,020 to €376,117
mainly Current investments (+€56,347) and Depreciation (+€50,400)
- Current investments -€56,347
down €56,347 (-22.0%), from €256,347 to €200,000
- Tangible fixed assets -€50,400
down €50,400 (-28.9%), from €174,614 to €124,214
- Reserves -€30,939
down €30,939 (-4.4%), from €704,329 to €673,390
of which Distributable reserves: -€30,939
- Other debts +€11,514
up €11,514 (+36.8%), from €31,275 to €42,789
- Gross operating margin -€18,410
down €18,410 (-9.3%), from €198,885 to €180,474
- Depreciation +€11,016
up €11,016 (+28.0%), from €39,384 to €50,400
- Taxes -€8,284
down €8,284, from €7,279 to -€1,005
- Staff costs +€3,348
up €3,348 (+2.7%), from €126,076 to €129,424
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 | €780,011 | €766,403 | -€13,608 | -1.7% |
| Fixed assets | 21/28 | €174,614 | €124,214 | -€50,400 | -28.9% |
| Tangible fixed assets | 22/27 | €174,614 | €124,214 | -€50,400 | -28.9% |
| Furniture and vehicles | 24 | €174,614 | €124,214 | -€50,400 | -28.9% |
| Current assets | 29/58 | €605,397 | €642,189 | +€36,792 | +6.1% |
| Amounts receivable within one year | 40/41 | €56,225 | €62,806 | +€6,581 | +11.7% |
| Trade receivables | 40 | €39,852 | €54,443 | +€14,590 | +36.6% |
| Other amounts receivable | 41 | €16,372 | €8,363 | -€8,009 | -48.9% |
| Current investments | 50/53 | €256,347 | €200,000 | -€56,347 | -22.0% |
| Cash at bank and in hand | 54/58 | €289,020 | €376,117 | +€87,097 | +30.1% |
| Deferred charges and accrued income | 490/1 | €3,805 | €3,266 | -€539 | -14.2% |
| Total equity and liabilities | 10/49 | €780,011 | €766,403 | -€13,608 | -1.7% |
| Equity | 10/15 | €724,789 | €693,850 | -€30,939 | -4.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €704,329 | €673,390 | -€30,939 | -4.4% |
| Tax-exempt reserves | 132 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €684,329 | €653,390 | -€30,939 | -4.5% |
| Amounts payable | 17/49 | €55,223 | €72,553 | +€17,331 | +31.4% |
| Amounts payable within one year | 42/48 | €55,223 | €72,553 | +€17,331 | +31.4% |
| Trade debts | 44 | €7,921 | €13,476 | +€5,555 | +70.1% |
| Suppliers | 440/4 | €7,921 | €13,476 | +€5,555 | +70.1% |
| Taxes, remuneration and social security | 45 | €16,027 | €16,288 | +€261 | +1.6% |
| Taxes | 450/3 | €3,600 | €3,600 | = | 0.0% |
| Remuneration and social security | 454/9 | €12,427 | €12,688 | +€261 | +2.1% |
| Other amounts payable | 47/48 | €31,275 | €42,789 | +€11,514 | +36.8% |
| Remuneration, social security and pensions | 62 | €126,076 | €129,424 | +€3,348 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,384 | €50,400 | +€11,016 | +28.0% |
| Other operating charges | 640/8 | €4,325 | €3,893 | -€432 | -10.0% |
| Gross operating margin | 9900 | €198,885 | €180,474 | -€18,410 | -9.3% |
| Operating profit (loss) | 9901 | €29,100 | -€3,242 | -€32,342 | |
| Financial income | 75/76B | €6,202 | €5,290 | -€913 | -14.7% |
| Recurring financial income | 75 | €6,202 | €5,290 | -€913 | -14.7% |
| Financial charges | 65/66B | €339 | €1,102 | +€763 | +224.9% |
| Recurring financial charges | 65 | €339 | €1,102 | +€763 | +224.9% |
| Profit (loss) for the period before taxes | 9903 | €34,963 | €945 | -€34,018 | -97.3% |
| Income taxes | 67/77 | €7,279 | -€1,005 | -€8,284 | |
| Profit (loss) for the period | 9904 | €27,684 | €1,950 | -€25,735 | -93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,684 | €1,950 | -€25,735 | -93.0% |
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 9 October 2026 via checked.be.