Rovax: 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.
Rovax
Largest movements
- Current investments +€125,000
new in 2025: €125,000
- Cash -€4,709
down €4,709 (-4.9%), from €96,981 to €92,272
mainly Current investments (-€125,000) and Investment in fixed assets (net) (-€2,500)
- Tangible fixed assets +€2,451
new in 2025: €2,451
- Reserves +€106,375
up €106,375 (+174%), from €60,978 to €167,352
- Tax, wage and social debts +€14,118
up €14,118 (+50.1%), from €28,188 to €42,306
of which Taxes: +€14,118
- Gross operating margin +€57,538
up €57,538 (+73.4%), from €78,390 to €135,928
- Taxes +€14,131
up €14,131 (+91.1%), from €15,505 to €29,636
- Depreciation -€1,726
down €1,726 (-97.2%), from €1,775 to €49
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 | €97,840 | €219,722 | +€121,882 | +125% |
| Fixed assets | 21/28 | - | €2,451 | +€2,451 | |
| Tangible fixed assets | 22/27 | - | €2,451 | +€2,451 | |
| Land and buildings | 22 | - | €2,451 | +€2,451 | |
| Current assets | 29/58 | €97,840 | €217,272 | +€119,432 | +122% |
| Current investments | 50/53 | - | €125,000 | +€125,000 | |
| Cash at bank and in hand | 54/58 | €96,981 | €92,272 | -€4,709 | -4.9% |
| Deferred charges and accrued income | 490/1 | €859 | - | -€859 | |
| Total equity and liabilities | 10/49 | €97,840 | €219,722 | +€121,882 | +125% |
| Equity | 10/15 | €65,978 | €172,352 | +€106,375 | +161% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €60,978 | €167,352 | +€106,375 | +174% |
| Distributable reserves | 133 | €60,978 | €167,352 | +€106,375 | +174% |
| Amounts payable | 17/49 | €31,862 | €47,370 | +€15,508 | +48.7% |
| Amounts payable within one year | 42/48 | €31,814 | €47,155 | +€15,341 | +48.2% |
| Trade debts | 44 | €170 | €34 | -€136 | -80.0% |
| Suppliers | 440/4 | €170 | €34 | -€136 | -80.0% |
| Taxes, remuneration and social security | 45 | €28,188 | €42,306 | +€14,118 | +50.1% |
| Taxes | 450/3 | €25,688 | €39,805 | +€14,118 | +55.0% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €3,456 | €4,815 | +€1,359 | +39.3% |
| Accrued charges and deferred income | 492/3 | €48 | €215 | +€167 | +349% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,775 | €49 | -€1,726 | -97.2% |
| Other operating charges | 640/8 | €95 | €128 | +€33 | +34.6% |
| Gross operating margin | 9900 | €78,390 | €135,928 | +€57,538 | +73.4% |
| Operating profit (loss) | 9901 | €76,520 | €135,751 | +€59,231 | +77.4% |
| Financial income | 75/76B | €37 | €686 | +€649 | +1,743% |
| Recurring financial income | 75 | €37 | €686 | +€649 | +1,743% |
| Financial charges | 65/66B | €75 | €426 | +€352 | +472% |
| Recurring financial charges | 65 | €75 | €426 | +€352 | +472% |
| Profit (loss) for the period before taxes | 9903 | €76,482 | €136,011 | +€59,528 | +77.8% |
| Income taxes | 67/77 | €15,505 | €29,636 | +€14,131 | +91.1% |
| Profit (loss) for the period | 9904 | €60,978 | €106,375 | +€45,397 | +74.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,978 | €106,375 | +€45,397 | +74.4% |
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 17 October 2026 via checked.be.