ROVARCO: 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.
ROVARCO
Largest movements
- Receivables within one year +€242,957
up €242,957 (+35.6%), from €681,933 to €924,891
of which Trade receivables: +€129,395
- Stocks and contracts -€222,033
down €222,033 (-8.2%), from €2.7m to €2.5m
- Tangible fixed assets -€183,780
down €183,780 (-7.4%), from €2.5m to €2.3m
of which Land and buildings: -€180,061
- Debts after one year -€333,336
down €333,336 (-29.4%), from €1.1m to €801,367
- Trade debts +€281,608
up €281,608 (+13.6%), from €2.1m to €2.3m
- Other debts -€104,699
down €104,699 (-86.0%), from €121,721 to €17,022
- Gross operating margin -€826,635
down €826,635 (-58.4%), from €1.4m to €588,654
- Taxes -€26,172
down €26,172 (-60.0%), from €43,600 to €17,429
- Financial charges -€25,843
down €25,843 (-21.6%), from €119,421 to €93,578
- Depreciation +€14,894
up €14,894 (+6.2%), from €241,374 to €256,268
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.
Derived cash bridge
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 | €5,901,648 | €5,760,280 | -€141,368 | -2.4% |
| Fixed assets | 21/28 | €2,486,416 | €2,302,635 | -€183,780 | -7.4% |
| Tangible fixed assets | 22/27 | €2,485,196 | €2,301,415 | -€183,780 | -7.4% |
| Land and buildings | 22 | €2,264,153 | €2,084,092 | -€180,061 | -8.0% |
| Plant, machinery and equipment | 23 | €193,024 | €163,482 | -€29,542 | -15.3% |
| Furniture and vehicles | 24 | €28,018 | €53,841 | +€25,823 | +92.2% |
| Financial fixed assets | 28 | €1,220 | €1,220 | = | 0.0% |
| Current assets | 29/58 | €3,415,232 | €3,457,645 | +€42,413 | +1.2% |
| Stocks and contracts in progress | 3 | €2,695,530 | €2,473,498 | -€222,033 | -8.2% |
| Stocks | 30/36 | €2,695,530 | €2,473,498 | -€222,033 | -8.2% |
| Amounts receivable within one year | 40/41 | €681,933 | €924,891 | +€242,957 | +35.6% |
| Trade receivables | 40 | €193,455 | €322,850 | +€129,395 | +66.9% |
| Other amounts receivable | 41 | €488,479 | €602,041 | +€113,563 | +23.2% |
| Cash at bank and in hand | 54/58 | €34,698 | €56,600 | +€21,902 | +63.1% |
| Deferred charges and accrued income | 490/1 | €3,070 | €2,656 | -€414 | -13.5% |
| Total equity and liabilities | 10/49 | €5,901,648 | €5,760,280 | -€141,368 | -2.4% |
| Equity | 10/15 | €1,305,840 | €1,342,413 | +€36,573 | +2.8% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €1,005,840 | €1,042,413 | +€36,573 | +3.6% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €975,840 | €1,012,413 | +€36,573 | +3.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €4,595,808 | €4,417,867 | -€177,941 | -3.9% |
| Amounts payable after more than one year | 17 | €1,134,703 | €801,367 | -€333,336 | -29.4% |
| Financial debts | 170/4 | €1,134,703 | €801,367 | -€333,336 | -29.4% |
| Amounts payable within one year | 42/48 | €3,461,105 | €3,616,500 | +€155,395 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €333,336 | €333,336 | = | 0.0% |
| Financial debts | 43 | €900,000 | €900,000 | = | 0.0% |
| Credit institutions | 430/8 | €900,000 | €900,000 | = | 0.0% |
| Trade debts | 44 | €2,063,728 | €2,345,336 | +€281,608 | +13.6% |
| Suppliers | 440/4 | €2,063,728 | €2,345,336 | +€281,608 | +13.6% |
| Taxes, remuneration and social security | 45 | €42,321 | €20,806 | -€21,515 | -50.8% |
| Taxes | 450/3 | €23,600 | €0 | -€23,600 | -100% |
| Remuneration and social security | 454/9 | €18,721 | €20,806 | +€2,086 | +11.1% |
| Other amounts payable | 47/48 | €121,721 | €17,022 | -€104,699 | -86.0% |
| Remuneration, social security and pensions | 62 | €150,981 | €163,874 | +€12,893 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241,374 | €256,268 | +€14,894 | +6.2% |
| Other operating charges | 640/8 | €22,520 | €21,189 | -€1,330 | -5.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,415,289 | €588,654 | -€826,635 | -58.4% |
| Operating profit (loss) | 9901 | €1,000,414 | €147,323 | -€853,091 | -85.3% |
| Financial income | 75/76B | €321 | €257 | -€64 | -19.8% |
| Recurring financial income | 75 | €321 | €257 | -€64 | -19.8% |
| Financial charges | 65/66B | €119,421 | €93,578 | -€25,843 | -21.6% |
| Recurring financial charges | 65 | €119,421 | €93,578 | -€25,843 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €881,315 | €54,002 | -€827,312 | -93.9% |
| Income taxes | 67/77 | €43,600 | €17,429 | -€26,172 | -60.0% |
| Profit (loss) for the period | 9904 | €837,714 | €36,573 | -€801,141 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €837,714 | €36,573 | -€801,141 | -95.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.