ROVAN: what changed
What changed
ROVAN
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€2,349
2024 · €2,580-€231
Equity
€84,216
2024 · €81,867+€2,349
Cash
€54,098
2024 · €79,047-€24,949
Balance sheet total
€397,288
2024 · €415,811-€18,522
Largest movements
Assets
- Cash -€24,949
down €24,949 (-31.6%), from €79,047 to €54,098
mainly Debts after one year (-€12,489) and Short-term financial debts (-€12,173)
- Receivables within one year +€9,708
up €9,708 (+18.9%), from €51,253 to €60,960
of which Trade receivables: +€6,928
Equity and liabilities
- Debts after one year -€12,489
down €12,489 (-14.1%), from €88,364 to €75,875
- Current portion of long-term debt +€12,489
new in 2025: €12,489
- Short-term financial debts -€12,173
down €12,173 (-100%), from €12,173 to €0
- Trade debts -€9,830
down €9,830 (-100%), from €9,830 to €0
Income statement
- Other operating charges -€17,430
down €17,430 (-88.3%), from €19,750 to €2,320
- Gross operating margin -€10,116
down €10,116 (-33.1%), from €30,524 to €20,408
- Depreciation +€5,007
up €5,007 (+71.8%), from €6,976 to €11,983
- Financial charges +€1,552
up €1,552 (+98.9%), from €1,569 to €3,121
- Taxes +€1,230
up €1,230 (+191%), from €645 to €1,875
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2,580
Gross operating margin
-€10,116
Staff costs
+€490
Depreciation
-€5,007
Other operating charges
+€17,430
Financial income
-€246
Financial charges
-€1,552
Taxes
-€1,230
Result 2025
€2,349
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€4,074
Investment
-€8,703
Financing
-€12,173
Cash 2024
€79,047
From operations (derived)
-€4,074
Net result for the year
+€2,349
Depreciation
+€11,983
Receivables within one year
-€9,708
Trade debts
-€9,830
Tax, wage and social debts
+€1,656
Other debts
-€524
Investment (derived)
-€8,703
Investment in fixed assets (net)
-€8,703
Financing
-€12,173
Debts after one year
-€12,489
Current portion of long-term debt
+€12,489
Short-term financial debts
-€12,173
Cash 2025
€54,098
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €415,811 | €397,288 | -€18,522 | -4.5% |
| Fixed assets | 21/28 | €285,510 | €282,230 | -€3,281 | -1.1% |
| Tangible fixed assets | 22/27 | €285,510 | €282,230 | -€3,281 | -1.1% |
| Land and buildings | 22 | €265,075 | €263,838 | -€1,237 | -0.5% |
| Plant, machinery and equipment | 23 | €20,435 | €18,391 | -€2,044 | -10.0% |
| Current assets | 29/58 | €130,300 | €115,059 | -€15,242 | -11.7% |
| Amounts receivable within one year | 40/41 | €51,253 | €60,960 | +€9,708 | +18.9% |
| Trade receivables | 40 | €18,500 | €25,428 | +€6,928 | +37.5% |
| Other amounts receivable | 41 | €32,753 | €35,532 | +€2,779 | +8.5% |
| Cash at bank and in hand | 54/58 | €79,047 | €54,098 | -€24,949 | -31.6% |
| Total equity and liabilities | 10/49 | €415,811 | €397,288 | -€18,522 | -4.5% |
| Equity | 10/15 | €81,867 | €84,216 | +€2,349 | +2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €75,667 | €78,016 | +€2,349 | +3.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €75,667 | €78,016 | +€2,349 | +3.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €333,943 | €313,072 | -€20,871 | -6.2% |
| Amounts payable after more than one year | 17 | €88,364 | €75,875 | -€12,489 | -14.1% |
| Financial debts | 170/4 | €88,364 | €75,875 | -€12,489 | -14.1% |
| Amounts payable within one year | 42/48 | €245,579 | €237,197 | -€8,383 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | - | €12,489 | +€12,489 | |
| Financial debts | 43 | €12,173 | €0 | -€12,173 | -100% |
| Credit institutions | 430/8 | €12,173 | €0 | -€12,173 | -100% |
| Trade debts | 44 | €9,830 | €0 | -€9,830 | -100% |
| Suppliers | 440/4 | €9,830 | €0 | -€9,830 | -100% |
| Taxes, remuneration and social security | 45 | €915 | €2,571 | +€1,656 | +181% |
| Taxes | 450/3 | €915 | €2,571 | +€1,656 | +181% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €222,661 | €222,137 | -€524 | -0.2% |
| Non-recurring operating income | 76A | €19,455 | €0 | -€19,455 | -100% |
| Remuneration, social security and pensions | 62 | €490 | €0 | -€490 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,976 | €11,983 | +€5,007 | +71.8% |
| Other operating charges | 640/8 | €19,750 | €2,320 | -€17,430 | -88.3% |
| Gross operating margin | 9900 | €30,524 | €20,408 | -€10,116 | -33.1% |
| Operating profit (loss) | 9901 | €3,308 | €6,105 | +€2,797 | +84.5% |
| Financial income | 75/76B | €1,485 | €1,239 | -€246 | -16.6% |
| Recurring financial income | 75 | €1,485 | €1,239 | -€246 | -16.6% |
| Financial charges | 65/66B | €1,569 | €3,121 | +€1,552 | +98.9% |
| Recurring financial charges | 65 | €1,569 | €3,121 | +€1,552 | +98.9% |
| Profit (loss) for the period before taxes | 9903 | €3,225 | €4,224 | +€999 | +31.0% |
| Income taxes | 67/77 | €645 | €1,875 | +€1,230 | +191% |
| Profit (loss) for the period | 9904 | €2,580 | €2,349 | -€231 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,580 | €2,349 | -€231 | -9.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.