ROVAN: 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.
ROVAN
Largest movements
- Tangible fixed assets +€408,375
up €408,375 (+12.3%), from €3.3m to €3.7m
of which Land and buildings: +€3.1m
- Cash +€74,242
up €74,242 (+209.7%), from €35,396 to €109,638
mainly Debts after one year (+€1.1m) and Current portion of long-term debt (+€536,395)
- Debts after one year +€1.1m
up €1.1m (+64.3%), from €1.7m to €2.9m
of which Other amounts payable: +€1.2m
- Short-term financial debts -€1.1m
down €1.1m (-100.0%), from €1.1m to €0
- Current portion of long-term debt +€536,395
up €536,395 (+1094.4%), from €49,013 to €585,408
- Profit (loss) carried forward -€185,421
down €185,421 (-46.4%), from -€399,671 to -€585,093
- Trade debts +€74,390
up €74,390 (+383.2%), from €19,412 to €93,802
- Depreciation +€63,520
up €63,520 (+181.5%), from €34,990 to €98,510
- Gross operating margin +€56,556
up €56,556, from -€7,901 to €48,655
- Financial charges +€35,561
up €35,561 (+36.8%), from €96,512 to €132,073
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 | €3,350,025 | €3,831,573 | +€481,547 | +14.4% |
| Fixed assets | 21/28 | €3,309,839 | €3,718,214 | +€408,375 | +12.3% |
| Tangible fixed assets | 22/27 | €3,309,839 | €3,718,214 | +€408,375 | +12.3% |
| Land and buildings | 22 | €577,264 | €3,718,214 | +€3.1m | +544.1% |
| Furniture and vehicles | 24 | €1,411 | €0 | -€1,411 | -100.0% |
| Assets under construction and advance payments | 27 | €2,731,165 | €0 | -€2.7m | -100.0% |
| Current assets | 29/58 | €40,186 | €113,358 | +€73,172 | +182.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €35,396 | €109,638 | +€74,242 | +209.7% |
| Deferred charges and accrued income | 490/1 | €4,790 | €3,720 | -€1,070 | -22.3% |
| Total equity and liabilities | 10/49 | €3,350,025 | €3,831,573 | +€481,547 | +14.4% |
| Equity | 10/15 | €365,329 | €179,907 | -€185,421 | -50.8% |
| Contributions | 10/11 | €765,000 | €765,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€399,671 | -€585,093 | -€185,421 | -46.4% |
| Amounts payable | 17/49 | €2,984,697 | €3,651,666 | +€666,969 | +22.3% |
| Amounts payable after more than one year | 17 | €1,746,601 | €2,870,129 | +€1.1m | +64.3% |
| Financial debts | 170/4 | €1,221,601 | €1,157,129 | -€64,473 | -5.3% |
| Other amounts payable | 178/9 | €525,000 | €1,713,000 | +€1.2m | +226.3% |
| Amounts payable within one year | 42/48 | €1,238,095 | €770,701 | -€467,394 | -37.8% |
| Current portion of amounts payable after more than one year | 42 | €49,013 | €585,408 | +€536,395 | +1094.4% |
| Financial debts | 43 | €1,117,088 | €0 | -€1.1m | -100.0% |
| Credit institutions | 430/8 | €1,117,088 | €0 | -€1.1m | -100.0% |
| Trade debts | 44 | €19,412 | €93,802 | +€74,390 | +383.2% |
| Suppliers | 440/4 | €19,412 | €93,802 | +€74,390 | +383.2% |
| Taxes, remuneration and social security | 45 | €9,316 | €16,961 | +€7,645 | +82.1% |
| Taxes | 450/3 | €9,316 | €16,961 | +€7,645 | +82.1% |
| Other amounts payable | 47/48 | €43,266 | €74,531 | +€31,265 | +72.3% |
| Accrued charges and deferred income | 492/3 | - | €10,836 | +€10,836 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,990 | €98,510 | +€63,520 | +181.5% |
| Other operating charges | 640/8 | €2,994 | €3,319 | +€325 | +10.9% |
| Gross operating margin | 9900 | -€7,901 | €48,655 | +€56,556 | |
| Operating profit (loss) | 9901 | -€45,886 | -€53,174 | -€7,289 | -15.9% |
| Financial income | 75/76B | €75 | €4 | -€72 | -95.3% |
| Recurring financial income | 75 | €75 | €4 | -€72 | -95.3% |
| Financial charges | 65/66B | €96,512 | €132,073 | +€35,561 | +36.8% |
| Recurring financial charges | 65 | €96,512 | €132,073 | +€35,561 | +36.8% |
| Profit (loss) for the period before taxes | 9903 | -€142,322 | -€185,244 | -€42,922 | -30.2% |
| Income taxes | 67/77 | €174 | €177 | +€3 | +1.6% |
| Profit (loss) for the period | 9904 | -€142,497 | -€185,421 | -€42,925 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€142,497 | -€185,421 | -€42,925 | -30.1% |
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 28 September 2026 via checked.be.