ROVAN II: 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 II
Largest movements
- Cash +€32,624
up €32,624 (+207.3%), from €15,737 to €48,361
mainly Deferred charges and accrued income (+€12,592) and Receivables after one year (+€9,517)
- Deferred charges and accrued income -€12,592
no longer reported in 2025 (was €12,592)
- Receivables after one year -€9,517
no longer reported in 2025 (was €9,517)
- Reserves +€7,444
up €7,444 (+10.7%), from €69,811 to €77,254
of which Distributable reserves: +€7,444
- Other debts +€4,293
up €4,293 (+44.3%), from €9,687 to €13,980
- Gross operating margin +€2,537
up €2,537 (+21.5%), from €11,812 to €14,349
- Taxes +€579
up €579 (+16.9%), from €3,421 to €4,000
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 | €149,145 | €159,660 | +€10,516 | +7.1% |
| Fixed assets | 21/28 | €28,427 | €28,427 | = | 0.0% |
| Tangible fixed assets | 22/27 | €28,427 | €28,427 | = | 0.0% |
| Land and buildings | 22 | €28,427 | €28,427 | = | 0.0% |
| Current assets | 29/58 | €120,718 | €131,234 | +€10,516 | +8.7% |
| Amounts receivable after more than one year | 29 | €9,517 | - | -€9,517 | |
| Other amounts receivable | 291 | €9,517 | - | -€9,517 | |
| Stocks and contracts in progress | 3 | €82,872 | €82,872 | = | 0.0% |
| Stocks | 30/36 | €82,872 | €82,872 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,737 | €48,361 | +€32,624 | +207.3% |
| Deferred charges and accrued income | 490/1 | €12,592 | - | -€12,592 | |
| Total equity and liabilities | 10/49 | €149,145 | €159,660 | +€10,516 | +7.1% |
| Equity | 10/15 | €137,152 | €144,596 | +€7,444 | +5.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €69,811 | €77,254 | +€7,444 | +10.7% |
| Non-distributable reserves | 130/1 | €6,100 | €6,100 | = | 0.0% |
| Legal reserve | 130 | €6,100 | €6,100 | = | 0.0% |
| Distributable reserves | 133 | €63,711 | €71,154 | +€7,444 | +11.7% |
| Profit (loss) carried forward | 14 | €5,842 | €5,842 | = | 0.0% |
| Amounts payable | 17/49 | €11,992 | €15,064 | +€3,072 | +25.6% |
| Amounts payable within one year | 42/48 | €11,992 | €15,064 | +€3,072 | +25.6% |
| Trade debts | 44 | €1,084 | €1,084 | = | 0.0% |
| Suppliers | 440/4 | €1,084 | €1,084 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,221 | - | -€1,221 | |
| Taxes | 450/3 | €1,221 | - | -€1,221 | |
| Other amounts payable | 47/48 | €9,687 | €13,980 | +€4,293 | +44.3% |
| Other operating charges | 640/8 | €2,842 | €2,931 | +€89 | +3.1% |
| Gross operating margin | 9900 | €11,812 | €14,349 | +€2,537 | +21.5% |
| Operating profit (loss) | 9901 | €8,970 | €11,418 | +€2,448 | +27.3% |
| Financial income | 75/76B | €207 | €207 | = | 0.0% |
| Recurring financial income | 75 | €207 | €207 | = | 0.0% |
| Financial charges | 65/66B | €172 | €181 | +€9 | +5.2% |
| Recurring financial charges | 65 | €172 | €181 | +€9 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €9,005 | €11,444 | +€2,439 | +27.1% |
| Income taxes | 67/77 | €3,421 | €4,000 | +€579 | +16.9% |
| Profit (loss) for the period | 9904 | €5,584 | €7,444 | +€1,860 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,584 | €7,444 | +€1,860 | +33.3% |
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 6 October 2026 via checked.be.