ROVANA: 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.
ROVANA
Largest movements
- Cash -€478,102
down €478,102 (-96.1%), from €497,394 to €19,292
mainly Current investments (-€250,000) and Contributions, distributions and other (-€200,027)
- Receivables within one year -€286,825
down €286,825 (-32.8%), from €873,331 to €586,506
of which Trade receivables: -€649,338
- Current investments +€250,000
new in 2025: €250,000
- Financial fixed assets +€17,152
up €17,152 (+1330.0%), from €1,290 to €18,441
- Trade debts -€170,876
down €170,876 (-58.1%), from €294,086 to €123,210
- Profit (loss) carried forward -€138,941
down €138,941 (-100.0%), from €138,941 to €0
- Current portion of long-term debt -€99,999
down €99,999 (-62.2%), from €160,755 to €60,756
- Debts after one year -€60,756
down €60,756 (-72.4%), from €83,881 to €23,125
- Tax, wage and social debts -€37,686
down €37,686 (-30.7%), from €122,794 to €85,108
of which Taxes: -€38,574
- Gross operating margin -€390,414
down €390,414 (-65.2%), from €599,251 to €208,837
- Staff costs -€85,028
down €85,028 (-50.8%), from €167,490 to €82,462
- Taxes -€82,018
down €82,018 (-81.1%), from €101,103 to €19,085
- Financial charges -€7,509
down €7,509 (-66.6%), from €11,270 to €3,761
- Financial income -€6,437
down €6,437 (-43.2%), from €14,901 to €8,464
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 | €1,712,661 | €1,203,851 | -€508,809 | -29.7% |
| Fixed assets | 21/28 | €336,750 | €345,440 | +€8,690 | +2.6% |
| Tangible fixed assets | 22/27 | €335,460 | €326,999 | -€8,461 | -2.5% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €335,460 | €326,999 | -€8,461 | -2.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €1,290 | €18,441 | +€17,152 | +1330.0% |
| Current assets | 29/58 | €1,375,911 | €858,412 | -€517,499 | -37.6% |
| Amounts receivable after more than one year | 29 | €3,440 | €0 | -€3,440 | -100.0% |
| Other amounts receivable | 291 | €3,440 | €0 | -€3,440 | -100.0% |
| Stocks and contracts in progress | 3 | €1,745 | €0 | -€1,745 | -100.0% |
| Stocks | 30/36 | €1,745 | €0 | -€1,745 | -100.0% |
| Amounts receivable within one year | 40/41 | €873,331 | €586,506 | -€286,825 | -32.8% |
| Trade receivables | 40 | €797,913 | €148,576 | -€649,338 | -81.4% |
| Other amounts receivable | 41 | €75,418 | €437,931 | +€362,513 | +480.7% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €497,394 | €19,292 | -€478,102 | -96.1% |
| Deferred charges and accrued income | 490/1 | - | €2,613 | +€2,613 | |
| Total equity and liabilities | 10/49 | €1,712,661 | €1,203,851 | -€508,809 | -29.7% |
| Equity | 10/15 | €1,038,618 | €889,055 | -€149,563 | -14.4% |
| Contributions | 10/11 | €6,200 | €7,608 | +€1,408 | +22.7% |
| Reserves | 13 | €893,477 | €881,447 | -€12,030 | -1.3% |
| Non-distributable reserves | 130/1 | €599,475 | €0 | -€599,475 | -100.0% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100.0% |
| Other | 1319 | €597,616 | €0 | -€597,616 | -100.0% |
| Distributable reserves | 133 | €294,002 | €881,447 | +€587,446 | +199.8% |
| Profit (loss) carried forward | 14 | €138,941 | €0 | -€138,941 | -100.0% |
| Amounts payable | 17/49 | €674,042 | €314,796 | -€359,246 | -53.3% |
| Amounts payable after more than one year | 17 | €83,881 | €23,125 | -€60,756 | -72.4% |
| Financial debts | 170/4 | €83,881 | €23,125 | -€60,756 | -72.4% |
| Amounts payable within one year | 42/48 | €582,036 | €281,648 | -€300,387 | -51.6% |
| Current portion of amounts payable after more than one year | 42 | €160,755 | €60,756 | -€99,999 | -62.2% |
| Trade debts | 44 | €294,086 | €123,210 | -€170,876 | -58.1% |
| Suppliers | 440/4 | €294,086 | €123,210 | -€170,876 | -58.1% |
| Taxes, remuneration and social security | 45 | €122,794 | €85,108 | -€37,686 | -30.7% |
| Taxes | 450/3 | €118,231 | €79,657 | -€38,574 | -32.6% |
| Remuneration and social security | 454/9 | €4,563 | €5,450 | +€888 | +19.5% |
| Other amounts payable | 47/48 | €4,401 | €12,575 | +€8,174 | +185.7% |
| Accrued charges and deferred income | 492/3 | €8,126 | €10,023 | +€1,897 | +23.4% |
| Remuneration, social security and pensions | 62 | €167,490 | €82,462 | -€85,028 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,306 | €51,373 | +€3,067 | +6.3% |
| Other operating charges | 640/8 | €8,804 | €10,157 | +€1,353 | +15.4% |
| Gross operating margin | 9900 | €599,251 | €208,837 | -€390,414 | -65.2% |
| Operating profit (loss) | 9901 | €374,651 | €64,846 | -€309,805 | -82.7% |
| Financial income | 75/76B | €14,901 | €8,464 | -€6,437 | -43.2% |
| Recurring financial income | 75 | €14,901 | €8,464 | -€6,437 | -43.2% |
| Financial charges | 65/66B | €11,270 | €3,761 | -€7,509 | -66.6% |
| Recurring financial charges | 65 | €11,270 | €3,761 | -€7,509 | -66.6% |
| Profit (loss) for the period before taxes | 9903 | €378,282 | €69,549 | -€308,733 | -81.6% |
| Income taxes | 67/77 | €101,103 | €19,085 | -€82,018 | -81.1% |
| Profit (loss) for the period | 9904 | €277,179 | €50,464 | -€226,715 | -81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €277,179 | €50,464 | -€226,715 | -81.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.