Rovan-Immo 3: 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-Immo 3
Largest movements
- Receivables within one year +€2.3m
up €2.3m (+789.2%), from €287,164 to €2.6m
of which Other amounts receivable: +€2.3m
- Current investments -€1.5m
down €1.5m (-100.0%), from €1.5m to €0
- Cash -€198,137
down €198,137 (-67.1%), from €295,111 to €96,974
mainly Receivables within one year (-€2.3m) and Deferred charges and accrued income (-€69,205)
- Tangible fixed assets -€78,169
down €78,169 (-20.4%), from €382,991 to €304,822
of which Land and buildings: -€75,630
- Deferred charges and accrued income +€69,205
up €69,205, from €0 to €69,205
- Reserves +€432,041
up €432,041 (+27.0%), from €1.6m to €2.0m
of which Tax-exempt reserves: +€387,189
- Provisions +€129,063
up €129,063 (+24.7%), from €521,738 to €650,801
- Gross operating margin -€1.4m
down €1.4m (-72.9%), from €1.9m to €528,006
- Financial income +€67,879
up €67,879 (+563.4%), from €12,047 to €79,927
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 | €2,465,267 | €3,024,523 | +€559,256 | +22.7% |
| Fixed assets | 21/28 | €382,991 | €304,822 | -€78,169 | -20.4% |
| Tangible fixed assets | 22/27 | €382,991 | €304,822 | -€78,169 | -20.4% |
| Land and buildings | 22 | €380,452 | €304,822 | -€75,630 | -19.9% |
| Plant, machinery and equipment | 23 | €2,539 | €0 | -€2,539 | -100.0% |
| Current assets | 29/58 | €2,082,276 | €2,719,701 | +€637,426 | +30.6% |
| Amounts receivable within one year | 40/41 | €287,164 | €2,553,522 | +€2.3m | +789.2% |
| Trade receivables | 40 | €6,769 | €4,295 | -€2,474 | -36.5% |
| Other amounts receivable | 41 | €280,395 | €2,549,227 | +€2.3m | +809.2% |
| Current investments | 50/53 | €1,500,000 | €0 | -€1.5m | -100.0% |
| Cash at bank and in hand | 54/58 | €295,111 | €96,974 | -€198,137 | -67.1% |
| Deferred charges and accrued income | 490/1 | €0 | €69,205 | +€69,205 | |
| Total equity and liabilities | 10/49 | €2,465,267 | €3,024,523 | +€559,256 | +22.7% |
| Equity | 10/15 | €1,683,992 | €2,116,033 | +€432,041 | +25.7% |
| Contributions | 10/11 | €84,897 | €84,897 | = | 0.0% |
| Reserves | 13 | €1,599,095 | €2,031,136 | +€432,041 | +27.0% |
| Tax-exempt reserves | 132 | €1,565,213 | €1,952,402 | +€387,189 | +24.7% |
| Distributable reserves | 133 | €33,882 | €78,734 | +€44,852 | +132.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €521,738 | €650,801 | +€129,063 | +24.7% |
| Deferred taxes | 168 | €521,738 | €650,801 | +€129,063 | +24.7% |
| Amounts payable | 17/49 | €259,537 | €257,689 | -€1,848 | -0.7% |
| Amounts payable after more than one year | 17 | €239,696 | €219,468 | -€20,228 | -8.4% |
| Financial debts | 170/4 | €235,899 | €217,218 | -€18,681 | -7.9% |
| Other amounts payable | 178/9 | €3,797 | €2,250 | -€1,547 | -40.7% |
| Amounts payable within one year | 42/48 | €19,841 | €38,222 | +€18,380 | +92.6% |
| Current portion of amounts payable after more than one year | 42 | €19,841 | €20,222 | +€380 | +1.9% |
| Trade debts | 44 | €0 | €5,000 | +€5,000 | |
| Suppliers | 440/4 | €0 | €5,000 | +€5,000 | |
| Taxes, remuneration and social security | 45 | - | €13,000 | +€13,000 | |
| Taxes | 450/3 | - | €13,000 | +€13,000 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,910,057 | €526,853 | -€1.4m | -72.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,769 | €15,300 | -€5,469 | -26.3% |
| Other operating charges | 640/8 | €19,073 | €4,370 | -€14,702 | -77.1% |
| Gross operating margin | 9900 | €1,945,726 | €528,006 | -€1.4m | -72.9% |
| Operating profit (loss) | 9901 | €1,905,885 | €508,336 | -€1.4m | -73.3% |
| Financial income | 75/76B | €12,047 | €79,927 | +€67,879 | +563.4% |
| Recurring financial income | 75 | €12,047 | €79,927 | +€67,879 | +563.4% |
| Financial charges | 65/66B | €5,657 | €11,027 | +€5,370 | +94.9% |
| Recurring financial charges | 65 | €5,657 | €11,027 | +€5,370 | +94.9% |
| Profit (loss) for the period before taxes | 9903 | €1,912,275 | €577,235 | -€1.3m | -69.8% |
| Transfer from deferred taxes | 780 | €4,808 | €2,650 | -€2,158 | -44.9% |
| Transfer to deferred taxes | 680 | €477,514 | €131,713 | -€345,801 | -72.4% |
| Income taxes | 67/77 | €1,857 | €16,131 | +€14,274 | +768.6% |
| Profit (loss) for the period | 9904 | €1,437,712 | €432,041 | -€1.0m | -69.9% |
| Transfer from tax-exempt reserves | 789 | €14,424 | €7,951 | -€6,473 | -44.9% |
| Transfer to tax-exempt reserves | 689 | €1,432,543 | €395,139 | -€1.0m | -72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,593 | €44,852 | +€25,260 | +128.9% |
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 5 October 2026 via checked.be.